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Kevin Harrington watches as fitness guru Tony Little films "B" roll for a new exercise contraption Aug. 31, 2009 in Clearwater, Fla. Harrington has a knack for knowing what will sell and how to sell it. (AP Photo/Chris O'Meara)
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?