So it’s time to take your first RMD

For retirees who are in the enviable position of not needing distributions from their IRAs or 401ks, the fact that they must start taking them is generally unwelcome. Instead of the money continuing to grow on a tax-deferred basis, some of it will be subject to taxation upon distribution.  A recent New York Times article discusses the topic in more detail, with some input from Kevin O’Reilly.