Are You Ready? Required Minimum Distribution Follies (Part 2) and The Safe Withdrawal Rate

This is Part 2 of Required Minimum Distribution Follies. See Part 1 here.

Oh, the Safe Withdrawal Rate dilemma. There’s been a lot of words written about this. Here are some more.

What is the point of the Safe Withdrawal Rate (SWR)?
The whole idea is to figure out how much a retiree can take out of their accounts annually without later Continue reading “Are You Ready? Required Minimum Distribution Follies (Part 2) and The Safe Withdrawal Rate”

Are You Ready? Required Minimum Distribution Follies (Part 1)

This is Part 1 of Minimum Distribution Follies. Part 2 is here.

When you get close to the Required Minimum Distribution age, you need to be ready to know how to calculate what your RMD number is.

The following is my take on all of this. You always should get professional advice. But here goes…

Are you ready for this?
First, you need to know at your birth month. We can assume everyone knows their birth month. The IRS uses Continue reading “Are You Ready? Required Minimum Distribution Follies (Part 1)”