I’m 70.3 yrs old & must take distribution from 457 Retiremt Plan. How best to take it & pass to kids at death

I am almost at the mandatory required age to take distribution from my 457 Deferred Compensation Plan (city government retirement plan) otherwise I have to pay a penalty. What is the best way to take it to preserve my asset and pass it down to my children after my death, and not create a tax problem (meaning Uncle Sam gets a big chunk instead of my children at my death). Thank you all.

Jimmy, go see a financial planner, lawyer, or CPA who specializes in estate planning. You need more information and expertise than you’re likely to find here. Besides, without knowing a lot of personal information that you shouldn’t disclose here, nobody here will be able to give you good, solid advice that you can trust and act upon.