Talk of The Villages Florida - View Single Post - Need Tax Advice On A Roth IRA
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Old 11-14-2020, 05:07 PM
retiredguy123 retiredguy123 is online now
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Quote:
Originally Posted by tcxr750 View Post
IMO. Just remember that at age 70 1/2 you will be required to make withdrawals from your conventional IRA at percentages determined by the government wether you want to or not. The percentage goes up every year.
Time for an accountant knowledgeable in the consequences of ROTH vs conventional IRA.
The required mimimum distribution age is 72, not 70 1/2. Check the new law.