How to Use Your RMD for a Vacation With Your Grandkids

Required minimum distributions can mean higher taxes—but they can also fund unforgettable family experiences.

Treat yourself and your loved ones. Dreamstime/TCA

By Maurie Backman From Kiplinger’s Personal Finance

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.