(Bloomberg) -- What the IRS giveth, the IRS taketh away.
At age 70½, the bill comes due on allthose tax-deferred savings accounts we’ve been building, and thisweek the oldest baby boomers will begin to reach that finishline—with many millions more to follow.
Those waves of retirees will be required to startpulling money from their IRAs and 401(k)s. Following an Internal RevenueService formula, these annual withdrawals can push you into ahigher tax bracket, so financial planners put a lot of energyinto building strategies to minimize the tax bite.
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