IRA consultant Ed Slott maintains that the results illustrate that retirees are concerned about potentially running out of money and are trying to postpone paying taxes on withdrawals.
Estimated reading time: 0 minutes, 24 seconds
Most Retirees Withdrawal Only Minimal IRA Assets
A study by the Employee Benefits Research Institute has found that the median withdraw rate by investors at or above the minimum withdraw age of 70 ½ is close to the smallest amount that federal law says must be taken out of IRAs each year. So reports ThinkAdvisor.
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