Making the Most of Your RMDs

Recent studies have concluded that a majority of people do not use RMDs for their daily living expenses. Considering that the IRS requires these funds to be withdrawn at a certain time, even if you don’t need them, it is important to think about how you can take advantage of these funds as a retirement income strategy for your future. While that money can be allocated to essential expenses, what is the best way to use that money if you don’t depend on it immediately?

In this episode of Money Script Monday, Sean explores the different RMD options to consider in order to make the most of your retirement income strategy.