Required Minimum Distributions RMDs and Health Care Costs September 2016 Newsletter June 1, 2016 marked an important day in our nation that largely went unnoticed. Kathleen Casey-Kirschling, America’s first baby boomer, turned age 70½. That means that each day for the next 18 years, close to 10,000 individuals will follow in her footsteps and begin to consider when and how to take the required minimum distribution from their qualified account. Not only are the baby boomers the largest segment of the US population but their holdings in 401(k), 403(b), 457, and IRA assets represents trillions of dollars. RMD distributions are fully taxable as ordinary income. The intersection of taxable RMDs…