Tag Archives: Withdrawal
Time to Retire One IRA Withdrawal Strategy
HUNT VALLEY, Md. (TheStreet) — Among the theories on how to withdraw funds from an IRA in the most tax efficient manner, here are three popular concepts:
Withdraw some funds in your 60s so less is required to be withdrawn in your 70s based on the required minimum withdraw.
Wait until the end of each year before withdrawing.
Convert to a Roth IRA to eliminate all future taxation since tax rates are supposedly going higher.
Each concept has some merit, but assumptions are necessary to validate them.
