Facing RMDs in Retirement? 2 Key Moves to Reduce Your Financial Stress.
With good planning, those mandatory withdrawals don't have to be a source of worry.
Overview
There's a reason people are often advised to save for retirement in a Roth retirement account. Roth IRAs and 401(k)s do not come with required minimum distributions, or RMDs. Rather, your money is yours to withdraw as you please.
But if you have your retirement savings in a traditional IRA or 401(k), RMDs will begin at age 73 or 75, depending on your birth year. And those mandatory withdrawals could end up being a source of financial stress.
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Originally published at www.fool.com.
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