Do you know how you’re going to withdraw money from your IRA or your 401(k) in retirement? The government makes it really easy for you to contribute money to these accounts, but getting your money out, that’s a different story. If you don’t have a carefully thought-out plan, you could end up triggering an excessive amount of taxes, on yourself and could literally wipe out the tax benefits of having just one of these accounts in the first place.
Here are the highlights that could affect your retirement:
Not having a withdrawal strategy for your IRA/401K
Not preparing for higher taxes tomorrow and future years
Not having a plan for Required Minimum Distributions (RMDs)
Host Ben Christy interviews Beacon Capital Management’s Senior Partner and Co-Owner, Pete Benson, and CEO and Co-Owner Jon Maxson, for this episode of the Beacon Retirement Strategies Radio Show: Everything You Need to Know About Withdrawing Money…From Your IRA, 401K, and Other Tax-Deferred Retirement Accounts