IRA RMDs
Hi Terry,
I plan to take my first RMD in Dec 2023, when I am 72. I have a 60/40 stock/bonds mix and no money market fund in my IRA. Do you suggest I start to transfer funds into a money market within my IRA? If so, how much per year?
Thank you,
Terry Says
Yes, absolutely, transfer about 25% of your account into the money market mutual fund offered by your IRA custodian. that way you won’t be forced to sell when the market is down.
