I need an explanation from someone who has done the online Fidelity retirement analysis with regards to the RMD.
The yearly spend is equal to sources of income (SS and pension in our case) plus the withdraw from savings.
But there is an RMD amount that is over the amount we need to withdraw, and that amount is over and above the total spend when SS, Pension and Withdrawal are added to equal the spend.
How does Fidelity treat that extra RMD amount? Does it assume you add that to an after-tax savings account?
And if so, does it assume you draw that first?
Could not find any online documentation about this.
The yearly spend is equal to sources of income (SS and pension in our case) plus the withdraw from savings.
But there is an RMD amount that is over the amount we need to withdraw, and that amount is over and above the total spend when SS, Pension and Withdrawal are added to equal the spend.
How does Fidelity treat that extra RMD amount? Does it assume you add that to an after-tax savings account?
And if so, does it assume you draw that first?
Could not find any online documentation about this.