The last thing you want to see after you retire is a high tax bill, but it happens more than you think.
Once you turn 72, the IRS requires you to take out a certain percentage of these pre-tax accounts, called the required minimum distribution, or RMD. Each year after that, the RMD goes up along with the amount of taxes due.
The experts at Finley Alexander Wealth Management can help you manage your retirement accounts to help your money be as efficient and effective as possible.
Learn more here.