When it comes to taking your IRS-mandated Required Minimum Distributions (RMDs), there is really only one right way to do it. Your goal should be to satisfy your RMDs in a way that minimizes their tax burden and reduces your risk of spending down principal. These goals are easy enough to understand, but not so easy to achieve. It takes a well-planned strategy to ensure the interest and dividends you’re generating from your savings and investments are sufficient to cover your RMDs, keep your tax bill at a minimum, and satisfy your other expenses throughout retirement
Are Your Allocations Right for RMDs?
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