Question: We're 78, retired, and want to use our 2026 RMD to treat our two children, spouses and six grandkids to a weeklong vacation. We're mobile but don't have the same energy as the younger folks (no matter how much coffee we drink). How should we approach this?
Answer: For people with money in a traditional retirement savings plan, required minimum distributions (RMDs) can be a blessing and a curse. While RMDs can inevitably produce a sizable tax bill, they can also serve as an opportunity to splurge on experiences about which you otherwise wouldn't dream.
