Don’t Roll Over RMDs To Other Retirement Accounts

Some retirees continue to make a key mistake with required minimum distributions, and that could cost them a lot of money.

When a retiree doesn’t need the RMD to pay living expenses, some move the money to a Roth IRA, treating it as a conversion of the RMD to a Roth IRA. Others try to rollover the money to a different IRA or qualified retirement plan.