The ABCs of RMDs: Your 10-step Guide to Required Minimum Distributions

As retirees enter their 70s, one key consideration looms large: required minimum distributions (RMDs). These mandatory withdrawals from traditional IRAs and other retirement accounts are a vital component of post-retirement planning, and understanding their nuances can help you make informed decisions about your financial future. Let’s take a look at the essentials of RMDs and what they mean for your retirement journey.