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Your RMD Is Higher Than 4%, Should You Be Worried? | EP 92
What happens when your required minimum distribution is higher than the amount your retirement plan says you can safely withdraw? Does that mean you are overspending, or putting yourself at risk of running out of money?
For many retirees, a large RMD can feel like the IRS is forcing them to break the 4% rule or abandon their safe withdrawal strategy. But a required minimum distribution is a withdrawal requirement, not a spending requirement. Money may have to leave your traditional IRA or retirement account, but it does not have to leave your financial plan.
In this episode of Make It…
The skinny
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