Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

Q&A With Scott Burns: Take Your RMD In A Lump For Ease And Convenience

FYI: Q. Next year, 2017, will be my first year to take a required minimum distribution (RMD) and I am trying to find the best way to do it. Vanguard recommends waiting until the end of the year, then taking the money out in one lump sum. They believe waiting allows dividends and interest to compound. Some recommend taking it out at the beginning of the year. My thinking is to have the dividends, interest, and capital gains taken out as accrued, then take the remaining amount needed out in December. What is your recommendation? ---T.G., Plano, TX
Regards,
Ted
https://assetbuilder.com/knowledge-center/articles/take-your-rmd-in-a-lump-for-ease-and-convenience
Sign In or Register to comment.