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To: TexasFreeper2009

IRA rules require taking a % each year from your account beginning at year 70.5. You can reinvest it of course but there is a tax due on this “income”.


14 posted on 06/26/2017 8:03:31 AM PDT by billyboy15
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To: billyboy15

assuming you are actually “retired” and not working any more. You standard deduction alone would cover any income generated by that withdraw.

What you mentioned is really only an issue for those who are still working or still receiving large amount of taxable income when they are forced to start taking withdraws from their IRA.


18 posted on 06/26/2017 8:07:10 AM PDT by TexasFreeper2009 (Make America Great Again !)
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