Investing the RMD


Q. I’ll be turning 70½ in 2018 and will start withdrawing my required minimum distribution. My plan is to leave my funds with TSP, then receive the minimum monthly payment and the rest at the end of each year. I’m going to invest a small amount in a balance account. The rest of the money I would like to save for my family. Should I put it in a regular savings account to be safe, or would you suggest something different?

A. Where and how you invest that money should depend upon what you expect that money to do, and when. If you are confident that you will leave the money for someone else’s benefit, you may want to ask them how they would like you to invest it.


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Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to and view his blog at

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