For some retirees, the hands-on approach is the only way to go. If you prefer to have control over each distribution, ...

Set it and forget it” is working for young retirement savers for now — but it might not be good enough in the end.

After a certain age, holders of retirement accounts such as Individual Retirement Accounts (IRAs) are required to start making mandatory withdrawals, known as Required Minimum Distributions (RMDs).