Category Archives: Required Minimum Distribution (RMD)
Why Aren’t Roth IRAs for Everyone?
Some of the features of the Roth IRA make it look like a traditional IRA on steroids. There are no required minimum distributions and you have the ability to take withdrawals before you retire and you can even contribute to your Roth IRA after age 70 ½. However, it’s not for everyone. A major… Read More »
What Do I Do with An Inherited IRA?
Investopedia’s article, “What to Do With Your Inherited IRA, ” looks at the differences between a traditional IRA and a Roth IRA, what it means when you inherit them and how to navigate both. IRAs come in two flavors: pre-tax and post-tax. A pre-tax retirement account means the money that goes into the IRA… Read More »