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RMD Roulette: Can We Keep Up with Grandkids on Our Dream Vacation?

We're 78 and want to use our 2026 RMD to vacation with our kids and grandkids — but worry we won't keep up with them.

Planning a Dream Vacation with Family: Navigating RMDs and Generational Spending

As we age, our priorities often shift from building wealth to enjoying the fruits of our labor. For many retirees, using their Required Minimum Distributions (RMDs) from retirement accounts is an attractive way to fund dream vacations or spend quality time with loved ones. However, a recent trend highlights concerns about keeping up with younger generations in terms of lifestyle and financial comfort.

The RMD Conundrum

With the rise of TogetherBudget, individuals are gaining control over their finances, making it easier to plan for significant expenses like RMDs. But what happens when retirees want to use these distributions to enjoy time with family? Consider this:

  • A 78-year-old couple wants to use their 2026 RMD to fund a dream vacation with their kids and grandkids.

  • However, they worry that their spending habits won't keep pace with those of their younger relatives.

Generational Spending Disparities

It's not uncommon for retirees to feel like they're falling behind in terms of lifestyle or financial comfort. Younger generations often have different priorities and spending habits, making it challenging for retirees to connect on a financial level. This can lead to feelings of inadequacy or concern about being judged by family members.

Using RMDs Wisely

While using RMDs to fund vacations with family is a common practice, it's essential to consider the long-term implications:

  • Will these distributions be enough to cover future expenses, or will they deplete retirement savings?

  • Are there alternative ways to use RMDs that align with financial goals and priorities?

Smart Budgeting for Retirees

TogetherBudget offers a comprehensive solution for individuals seeking to manage their finances effectively. By tracking income and expenses, creating budgets, and planning for significant events like RMDs, retirees can:

  • Develop realistic expectations about what they can afford

  • Make informed decisions about using RMDs to fund non-essential expenses

  • Prioritize needs over wants, ensuring long-term financial security

Planning a Stress-Free Vacation

When it comes to enjoying time with family, planning ahead is key. Consider the following tips for a stress-free and enjoyable vacation:

  • Set realistic expectations: Discuss budget constraints and priorities with family members.

  • Plan activities that cater to different ages and interests.

  • Use TogetherBudget to create a comprehensive travel budget and track expenses.

By being proactive about financial planning, retirees can enjoy their dream vacations without worrying about keeping up with younger generations. With the right tools and mindset, it's possible to navigate RMDs and other significant expenses while maintaining financial peace of mind.

By Malik Abualzait

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