People approaching or in retirement should not have an over-weighted stake in equities. If you need to reduce risk in your IRA and/or Roth IRA, what are the best ways to do it? A bank certificate of deposit (CD) is a reasonable choice. But a fixed-rate annuity can be an even better choice. Both CDs… Continue reading Many Options to Reduce Investment Risk in IRAs
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Delaying RMDs from Your IRA: There’s Only One Way to Do It
When you reach age 70½, you must start taking required minimum distributions (RMDs) from your IRA, 401(k), SEP or other retirement account. The extra income may be nice, but there are drawbacks. If you don’t need the income, RMDs cause two problems: they erode the value of your retirement accounts and increase your taxable income.… Continue reading Delaying RMDs from Your IRA: There’s Only One Way to Do It