No. of Recommendations: 1
Take it monthly. Have taxes taken out monthly .

Why take it out in drips and drabs and pay the taxman before you really need to?

(1) Make my RMD withdrawal in January for the full year.
(2) Prepare your Federal and State taxes in March.
(3) Calculate your quarterly estimated Federal and State taxes in March.
(4) Log into the Federal and State electronic payment systems and schedule your payments.
(5) Electronically submit your Federal and State tax forms in April.
(6) Repeat the above 5 steps next year.

With this approach, I have the whole RMD withdrawal available for investing, splurging, a major purchase, or to help my 96-year old mother with medical expenses.
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