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Investing Specialists

8 Questions for RMD Season

We're coming into the year's home stretch. Do you know where your required minimum distributions are?

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Note: This article is part of Morningstar's November 2016 Year-End Tax-Planning Guide special reportA version of this article appeared Sept. 26, 2016.

It's a high-class problem for a retiree: A large tax-deferred portfolio and no immediate need for spending money. But even though you would rather leave the money in its place, allowing it to compound on a tax-deferred basis for your heirs, the government won't let you take advantage of retirement-savings tax breaks forever. At some point, you are required to start pulling the money out and paying the tax collector.

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Christine Benz does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.