RMD RETIREMENT MONEY
The worst money? It's the qualified money - your IRA$, your 401k$, your RMD$. What were you saving that $ for? You're supposed to be spending that money. Where can you get the most amount of money after taxes and have it last forever? Don't just take your RMDs and pay the tax. Why not receive your full RMD before tax and let your guaranteed income for life pay the tax? The kids are always going to get whatever is left over after you leave this world.
Here's some numbers to consider: Let's look at a $250,000 IRA. The 2020 SECURE Act's new age for Required Minimum Distribution starts at age 72 now. The IRS Uniform Lifetime Table says the divisor for age 72 is 25.6.