On 4/29/16, ~Cher~ wrote:
> Hello!
> Long time since I have been on a chat board but wanted to
say hello and
> looked in to see if there were any people I knew?
>
> It's good to see you once again.
>
> I have a question for those retired and who have hit the 70
mark. I come up
> to it in a little more than a year.
>
> Having to "take it out" how did you reinvest it to get the
most out of it. A
> savings account, or cds aren't going to cut it.
> Anyone have any suggestions as to what is working for them?
> Luckily this is $ we don't need but will probably reinvest
it. Anyway we have
> to do something with it.
> Any suggestions as to what seems to be working for you are
most
> appreciated!
> TIA
> ~Cher~
I have reached that point in my life to begin the RMD. My
403-B is invested totally with Vanguard. I converted other
TSA stuff to Vanguard 403-B account years ago. Now that I am
going to be 70 in June Vanguard will RMD the correct amount
for me, if I request it, or I can do it myself.
Either case I am sticking with Vanguard. My choice investment
will be California/Federal tax exempt bonds. This will help
keep the income tax liability lower as I do not want to jump
into higher tax brackets.
If I was looking to make a larger return I would spread it
out over Total stock market, High Yield, and maybe the Growth
and income fund. All with Vanguard.
If you don't do the correct RMD the FEDS will tax it at fifty
percent rate.
Good luck
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