Happy birthday to you! Today, as we celebrate your 73rd birthday, we also want to highlight an important financial aspect that comes with this special age. It’s time to embrace your required minimum distributions (RMDs) and make the most of your retirement plans!

RMDs at 73


Here’s the scoop: in most circumstances, once you reach the age of 73, you must begin taking RMDs from your traditional Individual Retirement Account (IRA) and other defined contribution plans. It’s like a gentle nudge from the financial world to ensure you enjoy the fruits of your retirement savings. But hey, here’s the exciting part—you can continue contributing to your traditional IRA even past the age of 70½ as long as you meet the earned-income requirement.


RMDs may seem like a new chapter in your financial journey, but they also present an opportunity to reassess your retirement goals and ensure a comfortable future. Our team is here to guide you through the process, answer any questions you may have, and help you navigate this requirement with ease.


So, as you blow out the candles and reflect on the incredible experiences you’ve had over the years, let’s also raise a toast to the financial wisdom you’ve gained. Cheers to making the most of your retirement savings, embracing RMDs, and setting yourself up for continued financial success! Wishing you a birthday filled with joy, love, and exciting possibilities. Here’s to many more years of happiness and prosperity!

Possible RMD Strategies


Once you reach age 73, you must begin taking required minimum distributions (RMDs) from your 401(k) or any other defined contribution plans in most circumstances. Withdrawals from your 401(k) or any other defined contribution plans are taxed as ordinary income and, if taken before age 59½, may be subject to a 10% federal income tax penalty.


Once you reach age 73, you must begin taking RMDs from a traditional IRA in most circumstances. Withdrawals from traditional IRAs are taxed as ordinary income and, if taken before age 59½, may be subject to a 10% federal income tax penalty.

RMDs at 73 present a new chapter in your financial journey. By understanding the rules, calculating your RMDs accurately, and exploring different strategies for managing them, you can make the most of this opportunity to reassess your retirement goals and ensure a comfortable future. Remember to consult with a financial advisor to determine the best approach for your unique situation.

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6 Meridian is a group comprised of investment professionals registered with Hightower Advisors, LLC, an SEC registered investment adviser. Some investment professionals may also be registered with Hightower Securities, LLC, member FINRA and SIPC. Advisory services are offered through Hightower Advisors, LLC. Securities are offered through Hightower Securities, LLC.

This is not an offer to buy or sell securities. No investment process is free of risk, and there is no guarantee that the investment process or the investment opportunities referenced herein will be profitable. Past performance is neither indicative nor a guarantee of future results. The investment opportunities referenced herein may not be suitable for all investors. All data or other information referenced herein is from sources believed to be reliable. Any opinions, news, research, analyses, prices, or other data or information contained in this presentation is provided as general market commentary and does not constitute investment advice. 6 Meridian and Hightower Advisors, LLC or any of its affiliates make no representations or warranties express or implied as to the accuracy or completeness of the information or for statements or errors or omissions, or results obtained from the use of this information. 6 Meridian and Hightower Advisors, LLC assume no liability for any action made or taken in reliance on or relating in any way to this information. The information is provided as of the date referenced in the document. Such data and other information are subject to change without notice. This document was created for informational purposes only; the opinions expressed herein are solely those of the author(s) and do not represent those of Hightower Advisors, LLC, or any of its affiliates.

Hightower Advisors, LLC or any of its affiliates do not provide tax or legal advice. This material is not intended or written to provide and should not be relied upon or used as a substitute for tax or legal advice. Information contained herein does not consider an individual’s or entity’s specific circumstances or applicable governing law, which may vary from jurisdiction to jurisdiction and be subject to change. Clients are urged to consult their tax or legal advisor for related questions.