What Strategies Can Help Reduce My RMD Tax Burden After Age 73?

What Strategies Can Help Reduce My RMD Tax Burden…

June 1, 2025
by RJ Hamster

Sponsored Content

5 Ways to Potentially Reduce RMD Taxes After Age 73

Turning 73 can be considered a key milestone for retirement planning: It’s the year
required minimum distributions (RMDs) go into effect for most.

Since RMDs count as taxable income, they have the potential to trigger significant
tax bills. But with thoughtful strategies, you may be able to reduce the RMD tax
burden and help preserve more of your hard-earned wealth.

Here are five actionable strategies to consider when managing RMD-related taxes.
See the list.

Consulting a fiduciary financial advisor can be a great first step to factoring RMDs,
and the potential tax repercussions, into your retirement plan.

SmartAsset’s latest proprietary model reveals that working with a financial advisor
could potentially add from 36% to 212% more dollar value to investors’ portfolios
over a lifetime, depending on multiple unique, individual factors.¹

Interested in finding a financial advisor? SmartAsset’s no-cost tool can help you find
and compare vetted fiduciary advisors serving your area, each legally bound to
work in your best interest. It’s never too late to plan to work toward a comfortable
retirement. Explore your financial advisor matches today.

Try SmartAsset’s Financial Advisor Matching Tool

Hire a pro. Find and compare vetted financial advisors serving your area, each legally bound to work in your best interest.

Get Started

This is a hypothetical example and is not representative of any specific security. Actual results when working with a financial advisor will vary.

This scenario is for illustrative purposes only and does not represent an actual client. Results may vary.

This is not an offer to buy or sell any security or interest. All investing involves risk, including loss of principal. Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). There are no guarantees that working with an adviser will yield positive returns. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest.

SmartAsset Advisors, LLC (“SmartAsset”), a wholly owned subsidiary of Financial Insight Technology, is registered with the U.S. Securities and Exchange Commission as an investment adviser. SmartAsset’s services are limited to referring users to third party advisers registered or chartered as fiduciaries (“Adviser(s)”) with a regulatory body in the United States that have elected to participate in our matching platform based on information gathered from users through our online questionnaire. SmartAsset receives compensation from Advisers for our services. SmartAsset does not review the ongoing performance of any Adviser, participate in the management of any user’s account by an Adviser or provide advice regarding specific investments. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors.

SmartAsset.com is not intended to provide legal advice, tax advice, accounting advice or financial advice (Other than referring users to third party advisers registered or chartered as fiduciaries (“Adviser(s)”) with a regulatory body in the United States). SmartAsset is not a financial planner, broker or tax adviser. The Service is intended only to assist you in your understanding of financial organization and decision-making and is broad in scope. Your personal financial situation is unique, and any information and investing strategies obtained through SmartAsset.com may not be appropriate for your situation. Accordingly, before making any final decisions or implementing any financial strategy, you should consider obtaining additional information and advice from your accountant or other financial advisers who are fully aware of your individual circumstances.

We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors.

Sources:
1. “The Value of a Financial Advisor: What’s It Really Worth?” SmartAsset (Nov. 2024)

Disclaimer: Market Armor is a newsletter publishing list that does not give personalized financial advice. We obtain data from a variety of sources. You should be aware that quality is impossible to ensure. We don’t produce content based on your personal requirements, so please bear this in mind while reading. We are not financial advisors and do not provide personalized advice to our readers. Every article we publish is the opinion of the author, and it may be updated or altered at any time. It’s possible that new findings will make existing information obsolete; there is no obligation to keep it current.

We publish sponsored emails, such as this one in Market Armor or any of our other publications, which include paid advertisements. We are not urging you or any investor to act on such messages. The company or our partners has no control over the advertising and the goods or services being advertised. You are solely responsible for your own conduct.

If you have any questions or would need more information, please do not hesitate to respond to this email. We are unable to respond to personal financial advice inquiries.

Market Armor was created to assist you in leading a more enriched and informed life. When we founded Market Armor, we wanted to create an open table where everyone may browse investment trends and ideas! Every day, we will strive to improve in all areas of our operation. In addition, Customer Connection is a priority for us. We value the comments from our fans the most when they leave remarks on our website. With their help, we may improve future articles and content. We genuinely want you to feel welcome and appreciated here. We’ve put a lot of effort into our relationship with readers, and we hope that any time spent with us is just as you hoped it would be. You’re putting your faith in Market Armor by signing up for the service. It’s our pledge to you that you’ll enjoy what we provide. Now, as much as we care about assisting you in providing valuable and unique content, we equally care about your privacy. We’re dedicated to your privacy and strive to provide a safe and secure online experience. Our Privacy Policy details how we gather, store, and use personal information supplied by readers on our website.

What Information Do We Collect?

Personal information you choose to provide is handled on a personal basis, while Web site usage data is collected on an aggregate basis as you and others browse our website when you visit.

For example, you may need to provide the following information:

Contact Name

E-mail address

If you want to send us an email, we will save your messages as well as the substance of your discussions. We give the same level of confidentiality for these electronic conversations as we do for information received via mail and telephone.

Our Privacy Policy explains why we take this approach to your personal data, as well as important details that verify that we will not misuse the information you provided to us in good faith. You can rely on our website’s privacy policy to ensure that what you wish to keep private is kept private. If you have any queries about our privacy statement, please feel free to visit our website and look for the policy in the footer. Please respond to this email if there is anything you want more information on or if you have any questions regarding our privacy statement. The Privacy Policy also informs you of how to notify us to stop using your personal information. If you wish to view our official policies, please visit our website.

We are dedicated to protecting your privacy and providing a safe and high-quality online experience for all of our visitors. We appreciate your care in how data you provide us is utilized and shared. Following the gathering of information from internet visitors, we’ve established a Privacy Policy to explain our data gathering, usage, and disclosure policies.

This website’s terms and our Privacy Statement, as well as your access to it, are governed by this agreement. You agree to be bound by our Terms & Conditions and Privacy Policy if you use our website or consent to the Terms of Use (through opt-in, checkbox, pop-up, or clicking an email link confirming the same).

You may opt-out of marketing emails by clicking the “unsubscribe” link at the bottom of any marketing message. Subscribers are unable to opt-out of transactionally targeted emails. Please feel free to contact us if you have any questions regarding how we handle personal information. However, it is not always feasible to completely erase or alter data in our databases (for example, if we are required by law to keep it for a set period of time). If you have questions, please email us or go to our website.

Unsubscribe | View in Browser

Market Armor (a Karmaholic Media Property) | a Dynamic Web Services Inc DBA MediaPub web property | 101 Marketside Ave. Suite 404 PMB 318 Ponte Vedra, FL 32081

A myth that young pets need dental care? 🦷

🎧 All Chinese Visa Holders to be Vetted: State Department

RJ Hamster

Cookie	Duration	Description
cookielawinfo-checkbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.