Reported 28 days ago
As a 60-year-old single individual worried about depleting your IRA and jeopardizing retirement, it's important to understand how to effectively manage your Individual Retirement Account (IRA). This article emphasizes avoiding mistakes like early withdrawals, failing to meet Required Minimum Distributions (RMDs), and investing in high-fee assets. To ensure financial stability, consider maxing out contributions, understanding the benefits of traditional vs. Roth IRAs, and regularly rebalancing your portfolio. Seeking advice from a financial planner can also be beneficial for navigating these decisions.
Source: YAHOO