4 Ways to Manage Your Required Minimum Distributions When You Don't Need the Money
Still, those RMDs, as established by the Internal Revenue Service, have to go somewhere, so what should retirees do with that money when they don’t need it for living expenses?
After years spent saving, many retirees find it hard to shift gears and start spending—leaving them with more money than they know what to do with when they’re required to start making withdrawals.