One of the other costs to consider is if taking the money out of your IRA, and thus increasing your income for that year, will result in paying higher Medicare premiums, that is, the IRMAA costs. So, it may ultimately cost more if you take it out of an IRA. If the financial advisor is charging 2% on assets under management, then that would correspond to a $1000 annually for $50,000 AUM, the other cost to consider if taking out a loan and leaving the money in the IRA.
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