RMD’s

By Terry Savage on November 29, 2021 | Financial Planning / Retirement

Where can we put our RMD’s? House and two cars are paid. We are 75 yo. Have $75.00 cash. Have two IRA’s totaling $400 k and have $ 4000 cash flo per mo.

Terry Says

It sounds like you’re well covered for living expenses. Don’t be in a hurry to spend those RMDs. Put them in a bank money market account, and keep the money safe for emergencies (after you pay the taxes on the RMDs, of course!)

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