Robert has inherited an IRA after his father passed away. As the heir, Robert is has to draw RMDs, required minimum distributions, but he doesn’t know how to invest these extra funds. He wants to know what the “rich and successful” investors would do in this situation.
Original air date: July 9, 2017 – Hour 1, Call 4.
Wes Moss is the host of MONEY MATTERS – the country’s longest running live call-in, investment and personal finance radio show – on News 95-5FM and AM 750 WSB.
You Can Retire Sooner Than You Think, by Wes Moss – Buy it here:
These audio clips are recordings from the Money Matters radio show. The provided discussions are general in nature and based on the financial and economic events at the time and/or minimal information disclosed by call-in participants. The responses to questions are not meant to be personalized investment advice. Every person’s financial situation is unique and there is no one-size-fits all advice and requires more detailed analysis than what can be conducted for a call-in participant. Any information obtained in the audio should not be accepted as investment advice and should be discussed with a financial professional. Any actions taken should only be done after evaluation and analysis of your specific situation. All investing involves risk including the loss of an investor’s principal. No guarantees can be offered that any of the call-in participants were successful or that any information provided assisted the call-in participant in achieving their financial goals….(read more)
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What about taking the percentage that you have to from your RMD and add it to your own Roth ira. Or up your 401k buy the amount that you get from RMD and have it grow for your retirement