How to take Required Minimum Distributions the Right Way

How to take Required Minimum Distributions the Right Way

| September 30, 2020
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There is an ideal order in which to pull funds from retirement accounts when taking IRS Required Minimum Distributions (RMD). The goals, which often go unheeded, are to minimize taxes, minimize taking principal, and earn as much as possible.

These goals are easy enough to understand, but there are many factors to consider. It takes a well-planned strategy to ensure the interest and dividends you’re generating from your savings and investments are sufficient enough to cover your RMDs, keep your tax bill at a minimum, and satisfy your other expenses throughout retirement. In my educational video series, I discuss how to position your allocations to take RMDs the right way.

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