Biz Idea #19 – A Website About Required Minimum Distributions

by Byron on January 27, 2012

The Problem:

Boomers will need to know all about required minimum distributions.  They are usually in the dark.  And they don’t know where to find the answers.

The Business

A website that teaches all about required minimum distributions or RMD’s.  On the surface, RMD’s seem easy.  There are, however, many nuances and many ancillary issues

Doableness

As easy as it gets.  $500 a great deal of time.  It could be a one person business.  One person who knows SEO.  You could sell an information product, or it could be advertising based.  Either way, it’s not going to be an enormous moneymaker.  But it couldn’t be easier to start.

My Thoughts

I just bought a slew of RMD based domain names.  The greatest beneficiary of this blog has been GoDaddy.  Half of all ridiculous ideas I have result in multiple domain name purchases.

I know from my time in financial services there is insufficient understand of this specific topic.  The first of the boomers are just turning 66.  RMD’s become a hot topic around 70.  (April 15th the year after you turn 70.5, to be exact.  I think.)  That’s just enough time to make this a hobby business.  Put in half an hour a day for the next five years on that website, and you will be the Internet’s RMD authority.

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