I just turned 70-and-a-half. Do I need to do something with my IRA?
Retirement is no longer a simple phase of life. Many retired clients choose a long-term, on-going relationship with us to handle the details, freeing them to enjoy this time in their lives. Yes, at 70-and-a-half, you do need to start your IRA distributions if you have not already done so. Which accounts you withdraw from first - IRAs, Roths, taxable accounts - can help you maximize wealth. We work with clients to see what is best for their situation.