I start taking IRA distributions this year and will not need the income for the next couple of years, so I'm looking at alternatives on what to do with the cash. I'm still earning income so I thought I could use $3500 this year and open a Roth IRA. I also have a Vanguard Variable Annuity that I could add some funds to that. Other than those ideas, I would just put the funds into my taxable account and invest in dividend paying stocks through an ETF like DVY, closed end Ohio muny bond fund and a stock fund like HSGFX. What do you think of these ideas? Any other ideas or thoughts would be appreciated.