The monster RMD thread - discuss all things RMD here!

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GaryA505
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The monster RMD thread - discuss all things RMD here!

Post by GaryA505 »

I think we need a RMD thread to discuss all things RMD. No asset allocation questions, no US-vs-international equity discussion, no bonds-vs-cash discussion, just RMD!

I'll start. I just did my 2024 RMD at Vanguard and Fidelity. One thing I noticed is that at Fidelity I could take the RMD from my IRA and transfer it directly to my non-retirement brokerage account. However, at Vanguard I couldn't seem to find a way to do that. I had to first sell something, and just let them put it in my settlement account. Now I do understand that if I was setting up recurring withdrawals for their automatic RMD service that they would liquidate mutual funds to do that, but I was just taking the whole 2024 RMD at once.
Get most of it right and don't make any big mistakes. All else being equal, simpler is better. Simple is as simple does.
steadyosmosis
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Re: The monster RMD thread - discuss all things RMD here!

Post by steadyosmosis »

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Last edited by steadyosmosis on Mon Feb 03, 2025 2:06 pm, edited 1 time in total.
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Cletus Davenport
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Re: The monster RMD thread - discuss all things RMD here!

Post by Cletus Davenport »

I know everybody is trying to avoid RMDs, or so it seems.

They are years away for me. Personally though, if nothing changes, I think my RMDs will be roughly about how much I want to spend each year. So I’m okay with it.

And I also feel certain that things will change, because they always do. So it would premature for me to either fret over them or celebrate them.
GoldStar
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Re: The monster RMD thread - discuss all things RMD here!

Post by GoldStar »

GaryA505 wrote: Mon Feb 03, 2025 1:56 pm I think we need a RMD thread to discuss all things RMD. No asset allocation questions, no US-vs-international equity discussion, no bonds-vs-cash discussion, just RMD!

I'll start. I just did my 2024 RMD at Vanguard and Fidelity. One thing I noticed is that at Fidelity I could take the RMD from my IRA and transfer it directly to my non-retirement brokerage account. However, at Vanguard I couldn't seem to find a way to do that. I had to first sell something, and just let them put it in my settlement account. Now I do understand that if I was setting up recurring withdrawals for their automatic RMD service that they would liquidate mutual funds to do that, but I was just taking the whole 2024 RMD at once.
You can set it up as a one-time "whole year" withdraw that gets reinvested automatically at Vanguard. I had it set to do that Dec 15 every year on an account I help manage (just recently changed it to external transfer since money is now needed). In other words - set it up as recurring but with a single yearly payout.
Topic Author
GaryA505
Posts: 3881
Joined: Wed Feb 08, 2017 1:59 pm
Location: New Mexico

Re: The monster RMD thread - discuss all things RMD here!

Post by GaryA505 »

GoldStar wrote: Mon Feb 03, 2025 3:14 pm
GaryA505 wrote: Mon Feb 03, 2025 1:56 pm I think we need a RMD thread to discuss all things RMD. No asset allocation questions, no US-vs-international equity discussion, no bonds-vs-cash discussion, just RMD!

I'll start. I just did my 2024 RMD at Vanguard and Fidelity. One thing I noticed is that at Fidelity I could take the RMD from my IRA and transfer it directly to my non-retirement brokerage account. However, at Vanguard I couldn't seem to find a way to do that. I had to first sell something, and just let them put it in my settlement account. Now I do understand that if I was setting up recurring withdrawals for their automatic RMD service that they would liquidate mutual funds to do that, but I was just taking the whole 2024 RMD at once.
You can set it up as a one-time "whole year" withdraw that gets reinvested automatically at Vanguard. I had it set to do that Dec 15 every year on an account I help manage (just recently changed it to external transfer since money is now needed). In other words - set it up as recurring but with a single yearly payout.
GoldStar wrote: Mon Feb 03, 2025 3:14 pm
GaryA505 wrote: Mon Feb 03, 2025 1:56 pm I think we need a RMD thread to discuss all things RMD. No asset allocation questions, no US-vs-international equity discussion, no bonds-vs-cash discussion, just RMD!

I'll start. I just did my 2024 RMD at Vanguard and Fidelity. One thing I noticed is that at Fidelity I could take the RMD from my IRA and transfer it directly to my non-retirement brokerage account. However, at Vanguard I couldn't seem to find a way to do that. I had to first sell something, and just let them put it in my settlement account. Now I do understand that if I was setting up recurring withdrawals for their automatic RMD service that they would liquidate mutual funds to do that, but I was just taking the whole 2024 RMD at once.
You can set it up as a one-time "whole year" withdraw that gets reinvested automatically at Vanguard. I had it set to do that Dec 15 every year on an account I help manage (just recently changed it to external transfer since money is now needed). In other words - set it up as recurring but with a single yearly payout.
I probably could have done that for the 2024 RMD but I was impatient and couldn't find it on the website. I will be setting it up for every Dec for the 2025 RMD and after.
Get most of it right and don't make any big mistakes. All else being equal, simpler is better. Simple is as simple does.
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