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Reinvesting Your RMD as a Retiree? Here's What You Need to Know.
There are four key things to consider that could make a big difference to your long-term bottom line.
Is a required minimum distribution (RMD) on your near-term radar? If you'll be 73 years old or older at any point this year and you've got a non-Roth IRA of any size, then the answer to the question is "yes" -- whether you need it (or even want it), you'll soon be taking a distribution from this account. The IRS requires it, in fact. That's why it's called a required minimum distribution.
That doesn't mean you can't do something productive with this withdrawal, though. Indeed, anyone who doesn't need this money to cover ordinary living expenses may want to simply reinvest it. Before putting any of this money back to work, however, there are a handful of important details to consider.
But first things first.
