Quote:
Originally Posted by champion6
When you reach the age that you must begin making an annual Required Minimum Distribution, where is the cash within the IRA?
|
Not sure what you are asking. If, your IRA is with a brokerage, or a bank you should ask them. I get a letter every year telling how much I must withdraw that year. You do not need to take it out any particular day. You can ???? dollar cost withdraw-take part every week, every month etc. You can choose what to sell to get the cash. You can decide to hold enough in cash to cover what you are forced to withdraw. You can transfer enough shares into your taxable account at their value on the day you decide to do this. You cannot transfer shares, in kind, into a roth. The TAXMAN decided they have waited long enough for their cut.