Advisors Offer Relief Strategies for RMD Pain

Required minimum distributions (RMDs) — the withdrawals that individuals aged 73 or older must make annually from their IRAs and 401(k)s (excluding Roth accounts) — can present financial challenges. CFP Board Ambassador Elaine King Fuentes, CFP® favors the strategy of consolidation, stating, “As we get older, the simplicity of having everything in one place is a definite advantage.”

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