A long time ago, I helped my dad set up his IRA account. Years later, after he had turned 70, I received an angry call from him.
His tax person was telling him he was forced to take a distribution he didn’t want and, even worse, pay taxes on that unwanted income. More pointedly, he wanted to know why I put him into such a bad deal. He was, of course, referring to the fact that he had to take required minimum distributions (RMDs) from his IRA account, or face a 50 percent tax penalty.
The RMD Choice: Take A 50% Tax Penalty Or Leave A Family Legacy – Forbes