My wife and I will have to start taking RMD in 2017. What are our options as to where we should put this money if we don't need all of it?
Answers | 1
October 25, 2016
#2 roll the portion of your funds you don't want to use into a Qualifying Longevity Annuity Contract (QLAC) to reduce your Required Minimum Distributions. This can lower your income tax bracket and put more money in your pocket.
There are many options, but working with a financial advisor and putting together a plan that you understand will be in your best interest. There are many factors and not just one answer.
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