Leveraging Your IRA
If you’re like most Americans approaching retirement, for the last 40+ years, you’ve been busy contributing to your IRA or qualified plan. You’ve successfully pushed your income taxes into the future, but the tax collector is knocking on your door and you can’t ignore him any longer. At age 70 ½, required minimum distributions (RMDs) must begin, and Uncle Sam finally gets his share. Once the process of withdrawing from your IRA begins, one of three things will happen: You will live on it, leverage...
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