You And Your IRA And What You Should Know

Senior Couple Calculating BudgetToday’s article discusses how you should handle your IRA in the best way possible during your retirement. The article begins with the author explaining required minimum distributions (RMD), “these withdrawals are a requirement under IRS rules, since Uncle Sam wants to collect the taxes you’ve deferred on contributions to your IRAs or 401(k)s. You must take your distribution by April 1st of the year you turn 70 ½; subsequent RMDs are due by December 31st each year.” You can read the entire article when you CLICK HERE.