Timing of RMD withdrawal
When is the best time to withdraw funds…prior to end of year payouts of funds or afterwards? I know that afterwards adds more to the year end balance for next year but would I come out ahead as far as future profits in the end or would I be better off with my total gains for the future by selling early?
Terry Says
I have no idea what you’re talking about! You MUST take your RMD at some point in the year. It is based on your balance at the end of LAST year!
If you thought the market was going to soar by year end, you might want to wait until later in the year. Or as I wrote in my column, you might want to take a monthly distribution since you already know (based on last year end balance) how much you must take.
And keep your statements from THIS year-end –so you will know how much to take next year!
