PRO: It could delay RMDs!

You may have heard about RMDs (required minimum distributions), as they are the minimum amount you have to withdraw from your retirement accounts once you have turned 72, but working in retirement may be a way to avoid having to make these withdrawals. How much you would have to take out each year is already dependent on how many assets the account holds together with your age, but if you are still working when you are 72, then you may be able to delay making these withdrawals.

If your retirement account is linked to your workplace and you are still employed, you will not have to make any RMDs until you end up quitting your job. Of course, you can still make any withdrawals you would like if you need them, but if you are trying to avoid a huge tax bill and invest in your savings for longer, then continuing to work is going to be the best course of action!

Keep in mind that you do not have to make any RMDs if you have a Roth IRA account.