Is anyone familar with RMD's?  

what is it? 

Required Minimum Distribution from an IRA, 401, etc.  I guess you are required to withdraw when you reach the age of 70 1/2.  I can't catch a break, my advice is don't get old.  LOL  Old age is not for sissys.

Aww OK, I thought maybe it was something to do with horses.. And I do agree getting old is not for sissys, lol.

If you have multiple accts with multiple financial advisors, you may want to make them aware of what you have where. 

What I do know is you're required to take a percentage of the TOTAL of all your assets. A lot of our clients will alternate which account they satisfy their RMD with on a yearly basis. So it's entirely possible to be taking more than you have to if advisor A is telling you to take X bc he thinks the only acct you have is with him, and then advisor B is over in his corner doing the same thing. That's one thing we always ask put clients is if they have accounts elsewhere. Not to be nosey, but bc we don't want them to have to take more than the RMD or accidently advise them to take more than required bc we weren't aware they had dollars sitting in tax deferred accts elsewhere. 

That's essentially the extent of my knowledge. I deal almost exclusively with life insurance service at work and have for several years. A few yrs back I helped on the investment side of things and prepped a lot of RMD paperwork for our clients while the gal that normally does it was on maternity leave, but it's been quite a while.  

Personally I am ready to get the money out. I put the money in an account for me to use how and when I want    My accountant will figure out the taxes. He always does.