There are a couple of possibilities. The easiest is to reinvest it in your taxable account. For example, you can RMD equity and then reinvest in the same equity, essentially retaining the same allocation. You will lose some money to taxes.
If your father pays estimated tax, you can use the RMD to withhold tax instead. This seems more complicated than the first option though.
There's also charitable contribution, but you indicate that your dad is not into that.
If your father pays estimated tax, you can use the RMD to withhold tax instead. This seems more complicated than the first option though.
There's also charitable contribution, but you indicate that your dad is not into that.
Statistics: Posted by gavinsiu — Wed Oct 02, 2024 10:10 pm