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).