Is it better to take rmd monthly or annually?

However, making a personal budget may be easier if you consider your minimum distribution of 12 monthly portions and compare them with a Gold IRA comparison chart. The other common approach to the required minimum distributions is for retirees to receive this money every month or every quarter. As with annual distributions, there is no best way to manage this money. Some retirees prefer to receive global distribution every year, and a Gold IRA comparison chart can help you decide which option is best for you. Others prefer a series of smaller monthly retreats.

You can choose to accept monthly, quarterly, or annual payments. You'll pay the same amount of income tax no matter when you get the money. However, accepting payments early in the year is a “missed opportunity,” Copeland says. Unlike a traditional IRA or a Roth 401 (k), which require RMD, a Roth IRA doesn't require any distribution.