What Issues Should I Consider When Reviewing My RMD?

RMDs (Required Minimum Distributions) often feel like an inconvenience. The timing, amount, and tax consequences associated with RMDs might run the risk of throwing a wrench in your financial plans, but it doesn’t have to be that way.

With this checklist, you will better understand the options available to you when managing your RMDs in light of your financial situation.

This checklist covers important factors a client needs to know when reviewing their RMDs, such as:

• Having a clearer understanding about how you to take your RMDs (e.g., timing, amount, where it is being sent, etc.).
• Being more deliberate about how you use RMDs that are in excess of what you need for living expenses (e.g., reinvest, bolster emergency fund, etc.).
• Coordinating your RMDs with other investment, charitable, and/or tax planning goals.

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