Ask Terry Questions Required Minimum Distribution (RMDs)

Required Minimum Distribution (RMDs)

By Terry Savage on June 05, 2023 | Chicken Money

I am 77 years old and concerned about the RMDs I have been collecting. I’m not sure how to reinvest these. I tried a mutual fund but found I was losing some of my investment so I stopped it. I am now buying certificates of deposit as the rates have been good. Please advise. Thank you.

Terry Says

Bank CDs — up to the insured limit — sounds about right to me at this stage of your life.



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