Q. I don’t need my Required Minimum Distributions and I don’t want to pay taxes on them, but I don’t really want to give them to charity. Are there other options?
Q. I have a small pension and Social Security. I also have to take Required Minimum distributions (RMDs). That altogether covers most of my expenses. plus I take out an extra 10k a year from my IRA. Should I take the IRA money all at once or monthly?
Q. I have to make quarterly tax payments and then take a Required Minimum Distribution (RMD) in December and I want to have more balanced monthly payments. How can I even out my monthly cash flow in retirement?
Q. I have to take my Required Minimum Distribution (RMD) by the end of this year. Why does New Jersey tax my RMD when I paid New Jersey taxes on each year on money that I contributed to my IRA or 401(k).
I’ve heard you should wait to take Required Minimum Distributions until the end of the year so your money can keep growing. But what if the market falls? What’s the best way to take RMDs?