Ask Terry Questions RMD’s withdrawal

RMD’s withdrawal

By Terry Savage on July 13, 2024 | Financial Planning / Retirement

Is it advisable to withdraw your RMD’s before this years elections?

Terry Says

It’s advisable to make the withdrawal from a cash position  you have established within your account already.  You can take it at one time, or monthly — as long as you reach the total amount (based on LAST YEAR’s year-end balance in your IRA).  Make sure to withhold taxes.

I would not be speculating on whether the market will be higher or lower after the election as a basis for timing your RMD!

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