What can I do with an rmd I don’t need.
I have to take my first rmd this year and don’t need the money what can I do with it. Our house is paid off ,we have done all improvements roof ,siding ,hvac. What type of investments can we put this money in.
Terry Says
Good for you! How about buying some Treasury bills currently yielding about 5% for 6 months!
https://www.terrysavage.com/t-bills-beat-cds/
One other way to spend it. Consider updating your financials as well as your home buy updating your will or revocable living trust. Watch this:
https://www.terrysavage.com/wp-content/uploads/2022/10/Terry-Talks-Wills-Trusts-Estate-Planning.mp4
