What to do with RMD?

There is nothing you can do about it. You already seem to know about the only exception to the age 70 1/2 rule for an employer sponsored retirement plan. Namely, the mandatory distribution is not required from your current employer's plan if you are less than a 5% owner until you either retire or your employment ends.

In some instances they also pump up the taxable portion of your social Security and of course there is the added state tax in some cases too.

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You can make a tax free RMD DIRECTLY to a charity if congress does its usual thing in Dec.

Congress typically waits until mid December to pass legislation permitting tax-free transfers from IRAs to charity. If you want to donate your required minimum distribution to charity rather than taking it as a taxable withdrawal, wait until closer to the end of the year to take your RMD. Read more at

I don't need the RMD to live on and it will push me into a new tax bracket.

As far as I know there's not much I can do about it but thought I'd ask you guys since I know very little about investing.

I will not have any "earned income" after 2015. ==================== Beyond the requirement to take it out or face the 50% excise tax for failing to do so, there's no tax question here.

Although there's nothing one can do about a current year RMD, one can still convert an account to a ROTH account (or rollover to a Roth IRA) to avoid the issue in future years. Of course, this is recommended only when economically feasible.