RMD
Next year i will be required to take my RMD. I have about $300000 in my Ira. I dont need to use the RM D for living expenses but will eventually. Where should i put this money so i will have access to it if needed?
Terry Says
Leave it inside your IRA, and you should have some liquid cash in there so you aren’t forced to sell stocks at a bad time. So sell stocks or funds INSIDE your IRA, and put them in a money market fund inside your IRA. Your 2025 RMD will be based on the total value of your IRA at YEAR-END 2024.
