My RMD Is Massive. Is There a Way to Reduce It — Or Skip It Altogether?

But now, just when you want to coast into retirement, the IRS has other plans.

If you’re over 73, the government requires you to start withdrawing a portion of your tax-deferred retirement accounts — whether you need the money or not. These are called Required Minimum Distributions (RMDs).

And for many retirees with large IRAs or 401(k)s, the results can be brutal:

 A common concern is: “If my RMD is over $100,000 and I don’t need the income, why am I taxed on it?”

 RMDs are taxed as ordinary income — pushing many retirees into higher tax brackets, increasing their Medicare premiums, and even triggering taxes on Social Security benefits.

So, what can you do?

The Quiet Strategies Wealthy Retirees Use

Most people think RMDs are unavoidable. But financial advisors who work with high-net-worth families can use IRS-approved strategies to help clients manage RMDs and tax impact: 

• Reduced taxable RMDs
• Restructured accounts to minimize future withdrawals.
• Use charitable giving to eliminate or reduce income taxes.

 For example:
• A Qualified Charitable Distribution (QCD) allows you to give to charity directly from your IRA, satisfying your RMD — and avoiding the tax bill.

• Strategic Roth conversions in your 60s can dramatically reduce RMDs later.

• Some advanced strategies even allow families to shift assets out of IRAs into trusts or legacy plans… which may allow some to completely bypass future RMDs.

However, not all retirees are eligible for these strategies so make sure to speak to a Financial Advisor. 

Experts Warn Retirees: “I Had No Idea I Was Overpaying…”

Most retirees don’t realize until it’s too late.

The tax bill on your RMD can easily cost hundreds of thousands over a 10–20 year retirement. Thats your hard earned money out the window to the IRS. 

Don't be surprised, take action. 

What Can You Do Right Now?

FinanceAdvisors.com is a platform designed to match you with advisors — our free free tool matches you with fiduciary financial advisors in your area who specialize in RMD reduction and tax planning.

Here’s how it works:
1. Answer a few questions about your finances and retirement goals
2. Get matched with a vetted financial advisor near you.
3. Have a no-obligation call to explore ways to shrink your RMD and save on taxes

You don’t need to navigate this alone. The sooner you act, the more options you’ll have.

✅ Find a Pre-Screened Financial Advisor Who Gets RMD's

FinaceAdvisors.com free advisor matching tool makes it easy to find vetted fiduciary advisors near you — specialists who can help with Roth conversion strategies, RMD planning, and estate optimization.

It takes just 5 minutes — and there’s no cost to get matched.