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Ford Motor Company COO Mark Fields delivers his keynote address at the 2014 New York International Auto Show at the Javits Convention Center in New York, Wednesday, April 16, 2014. A photo of Henry Ford II during the introduction of the Ford Mustang at the 1964 World's Fair is projected in the background. (AP Photo/Richard Drew)
Ford Motor Company President and CEO Alan Mulally, left, Executive Chairman Bill Ford Jr., center, and Chief Operating Officer Mark Fields speak during a news conference in Dearborn, Mich., Thursday. Ford announced CEO Alan Mulally will retire July 1 and be replaced by Fields. (AP Photo/Paul Sancya)
Q: Next year, 2017, will be my first year to take a required minimum distribution (RMD), and I am trying to find the best way to do it. Vanguard recommends waiting until the end of the year, then taking the money out in one lump sum. They believe waiting allows dividends and interest to compound. Some recommend taking it out at the beginning of the year. My thinking is to have the dividends, interest and capital gains taken out as accrued, then take the remaining amount needed out in December. What is your recommendation?