Q. I usually wait for the end of the year to take my Required Minimum Distribution but with the market so bad, should I take it now?But without a crystal ball telling you when the market will be at its highest point, there can be no right or wrong answer to this question.
“Since it’s always best to sell an asset when the market is high, in hindsight, it would have been better to fund the RMD earlier in the year,” he said. “But who knew the market would drop more than 20%? And yes, it’s possibleIn looking at when to take distributions, let’s address the requirements and what timing might be right for you.
To calculate your RMD, divide the year-end value of your IRA from last year by the distribution period value that matches your age on Dec. 31, he said. You can use Another reason people may wait until the end of the year to take the distribution is so they don’t pay taxes to the government too early – in effect giving the federal government an interest-free loan, he said.“We recommend that our clients keepliquid in cash or a bond ladder — a portfolio of individual CDs or U.S. Treasury Bonds that mature on different dates,” he said. “This strategy ensures that market volatility won’t impact when you can take the distribution.
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