To: sparklite2
Youre with a good company. Im with TD Ameritrade and am invested similarly. Im seventy three. If youre approaching 70 1/2 yrs and have any IRAs be sure youre advisor is tuned in to your age as youll have to start withdrawing at that age. And, if you dont the penalty is very severe. Theres a table that uses a formula based upon mortuary tables that calculates your minimum required withdrawal. Anyway, good luck.👍
200 posted on
08/19/2019 7:47:59 PM PDT by
snoringbear
(,W,E.oGovernment is the Pimp,)
To: snoringbear
My IRA account calculates my required redemption and cashes out that amount once a year. It’s automatic. Then I take out additional funds to ‘use up’ the space remaining before federal taxes are triggered. Those funds, to a large part, go into the index fund to get higher returns -— and risk -— than if I left them in the IRA.
202 posted on
08/19/2019 8:29:13 PM PDT by
sparklite2
(Don't mind me. I'm just a contrarian.)
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