IRAs are an important part of many investors’ nest eggs. Know the rules for how to withdraw funds from them for your retirement. Individual retirement accounts (IRAs) play a key role in helping Americans save for retirement. In 2019, IRAs represented one-third of total U.S. retirement assets, providing an important income source for retirees.
But, just as you formed a strategy and adhered to rules for investing in your IRA, you must also understand when and how to take your required minimum distributions (RMDs). The answers to these questions may help your distribution strategy meet legal requirements and your personal needs, too.
READ THE FULL ARTICLE BY DAVID CHISHOLM IN THE 2022 SUMMER EDITION OF GAMING & LEISURE MAGAZINE.