Required minimum distributions can mean higher taxes—but they can also fund unforgettable family experiences.
Treat yourself and your loved ones. Dreamstime/TCA
By Maurie Backman From Kiplinger’s Personal Finance
For people with money in a traditional retirement savings plan, required minimum distributions (RMDs) can be a blessing and a curse. While RMDs can inevitably produce a sizable tax bill, they can also serve as an opportunity to splurge on experiences about which you otherwise wouldn’t dream.
