Reported about 10 hours ago
As retirement approaches, many retirees wonder what to do with their required minimum distributions (RMDs) if they don't need the cash. Instead of placing these funds in a checking account, retirees can consider options such as in-kind distributions to keep investments active, making qualified charitable distributions (QCDs) to reduce taxable income and fund charitable causes, or converting to a Roth IRA to avoid future RMDs. Each choice has potential tax implications and impacts future financial strategies, so consulting with a financial advisor is recommended.
Source: YAHOO