Once those RMDs begin, you don’t really have much control over whether you take them or not. There isn’t a lot you can do to lessen the tax hit that might be associated.
If you put off taking a required minimum distribution from your IRA or your 401(k) in 2018, you have just a few days to get your act together. Miss this deadline and you'll face a 50 percent tax. Here's what you should know.