Prestige Insurance Services Blog

Uncle Sam, The Elderly and IRAs

People over age 70 1/2 who hold IRA's or other tax qualified pensions are forced by Uncle Sam to withdraw a percentage of these accounts each year.   Since this money has likely been tax sheltered for decades, the government wants the opportunity to tax it before the...

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In The Spotlight January 2017 Benz: What To Do With Unneeded RMDs Morningstar's Christine Benz shares a few tax-efficient options for retirees who don't need their required minimum distributions. People over age 70 1/2 who hold IRA's or other tax qualified pensions...

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