RMD
Where is the best place to invest $3,000 of RMD funds which is the amount my husband earned this year in a part time job?
Terry Says
If you don’t need it, you could invest it in a tax-deferred ROTH IRA, since he earned that much money. Do it at a place like Fidelity and then choose your conservative investments. But you must hold it for 5 years for the earnings or gains to come out tax-free. And it would expose the money to market risk.
Or just buy U.S. Treasury bills in his name (or the name of your Revocable Living Trust).
Read this: https://www.terrysavage.com/t-bills-beat-cds/
