When it comes to taking your IRS-mandated Required Minimum Distributions (RMDs), there is really only one right way to do it. Your goal should be to satisfy your RMDs in a way
that minimizes their tax burden and reduces your risk of spending down principal. These goals are easy enough to understand, but not so easy to achieve. It takes a well-planned
strategy to help ensure the interest and dividends you’re generating from your savings and investments are sufficient to cover your RMDs, keep your tax bill at a minimum, and satisfy
your other expenses throughout retirement.

RMDs are distributions the IRS requires you to make on your retirement savings each year after you turn 73. The amount changes each year based on your life expectancy and the
balance of your IRAs and other qualified plans as of December 31 of the preceding year.