Reported 1 day ago
A reader, Brad, seeks advice on the best strategy for withdrawing $200,000 from an inherited IRA while being in the 35% tax bracket. Financial advisor Brandon Renfro discusses two main options: withdrawing the full amount now or over ten years, considering capital gains and tax implications. He explains that while immediate withdrawal offers less initial capital for reinvestment, the IRA maintains tax advantages for growth. Ultimately, the decision hinges on personal financial situations and potential changes in tax laws.
Source: YAHOO