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RMD discussions - required minimum distribution from an IRA, etc.

mikee999mikee999 Posts: 619 ✭✭✭✭✭

for the retirees in this group with RMD requirements

  1. who is using RMD to finance their collection
  2. if applicable est % of RMD spent on numismatics
  3. if applicable any regret?.

I’ll go first yes on #1, est 25-40% and no regrets.
Without RMD I wouldn’t be able to acquire the big ticket coins in my collection.

Comments

  • ElcontadorElcontador Posts: 7,558 ✭✭✭✭✭

    Just make sure you have enough of it set aside for Fed & State taxes (the latter if applicable).

    "Vou invadir o Nordeste,
    "Seu cabra da peste,
    "Sou Mangueira......."

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