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Don't Need Your Required Minimum Distribution (RMD) Just Yet? Here's What You Can Do With the Cash Influx.
For many retirees, 73 is the magic age -- the time they must begin withdrawing required minimum distributions (RMDs) from their retirement accounts. Retirees born in 1960 or later have until 75 to start taking RMDs. However, what do you do if you don't need the money just yet? Here are five ideas.There's no rule saying you can't withdraw funds from your retirement accounts and immediately reinvest them elsewhere. Here are some popular options:Image source: Getty Images.Continue reading
For many retirees, 73 is the magic age -- the time they must begin withdrawing required minimum distributions (RMDs) from their retirement accounts. Retirees born in 1960 or later have until 75 to start taking RMDs. However, what do you do if you don't need the money just yet? Here are five ideas.
There's no rule saying you can't withdraw funds from your retirement accounts and immediately reinvest them elsewhere. Here are some popular options:
Image source: Getty Images.
