Talk of The Villages Florida - View Single Post - Required Minimum Distribution - Where do I put it?
Thread: Required Minimum Distribution - Where do I put it?
View Single Post
 
Old 12-04-2014, 04:57 PM
TNLAKEPANDA's Avatar
TNLAKEPANDA TNLAKEPANDA is offline
Gold member
Join Date: Jan 2014
Location: East TN
Posts: 1,438
Thanks: 284
Thanked 275 Times in 118 Posts
Default
I say spend it and have fun. The old saying you can't take it with you. You can gift I believe $10k per year per person if you don't want to spend it. It is better to gift the money because it avoids lots of taxes on both ends.