To make the Required Minimum Distribution (RMD) process easier, we recommend having the distribution set up to go out automatically each year so you don’t have to think about it. It’s easy to do, and most custodians provide a number of options. You can specify the day of the year it should be withdrawn and have it sent to you by check, direct deposit, or have it transferred to another taxable account at your custodian.
If you’re a Merriman client and you want to set up automatic distributions to take care of your RMD, please give us a call and we’ll help you set it up. To learn more about RMDs click here.