Reinvesting RMD: No Double Taxation Concerns

Reported about 1 year ago

You have the flexibility to reinvest your Required Minimum Distribution (RMD) in stocks or real estate without facing double taxation. RMDs must be withdrawn from pre-tax retirement accounts, but after taking the required amount, you are free to use the money as you wish. However, any income generated from the reinvested amount will be subject to taxation, whether from stocks or real estate. Consulting with a financial advisor can assist in determining the best investment options based on your financial situation and goals.

Source: YAHOO

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