5 Ways to Use Your Required Minimum Distribution (RMD) Strategically in Retirement
There's still every reason to make the most of every dollar at this later stage of life, and you've got plenty of ways to continue doing so.
Is the Internal Revenue Service forcing you to make a withdrawal from an IRA this year? If you'll be 73 years old or older at any point in 2025 and you happen to have some money sitting in a non-Roth retirement account, then the nation's tax agency almost certainly will be. It's called a required minimum distribution (RMD), in fact.
Just because you've now got money coming out of a retirement account, however, doesn't mean you have to stop making the most of what you've saved up. There are still plenty of actions you can take to make more of your money do what you'd like it to keep doing.
With that as the backdrop, here's a closer look at five ways of being strategic with your RMD this year -- or any year.
