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Tony Ninni, the grandfather to the current Ninni's Bakery owner Tony Ninni, decorates a wedding cake some time in the 1930's. Ninni announced on Tuesday in Akron that the doors will close on Dec. 30. family photo
Ninni's Bakery owner Tony Ninni makes pistachio macaroon cookies on Tuesday in Akron. Ninni announced the bakery will close on Dec. 30 after serving the area for more than 70 years. (Phil Masturzo/Akron Beacon Journal)
Some of the many varieties of cookies at Ninni's Bakery on Tuesday in Akron. (Phil Masturzo/Akron Beacon Journal)
Ninni's Bakery owner Tony Ninni (left) and his father Frank Ninni with photos of Frank's father Tony Ninni decorating wedding cakes in the 1930's. Ninni announced on Tuesday in Akron that the bakery will close on Dec. 30 after serving the area for more than 70 years. (Phil Masturzo/Akron Beacon Journal)
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?