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Options for Easing the Pain of RMDs

IRA expert Ed Slott shares a few workarounds for retirees who want to reduce their tax burden or the amount of their required minimum distributions.

Christine Benz: Hi, I'm Christine Benz for Morningstar.com. Many retirees love to hate their required minimum distributions, which they have to take from their IRAs once they hit age 70 1/2. Joining me to discuss what, if anything, retirees can do to lower their RMDs is IRA expert Ed Slott.

Ed, thank you so much for being here.