2021 IRA Contribution Limits
#rbi #fedealretiremennt #2021IRAlimits Traditional IRAs require you to begin taking withdrawals or required minimum distributions from your IRA at age 72. When you begin taking RMDs you will also be required to pay taxes on these distributions. Roth IRAs vary from traditional IRAs in this area. Roth IRAs are not subject to RMDs. Not being forced to withdraw money when you don’t need it is a significant aspect of Roth IRAs.
Retirement Benefits Institute has trained thousands of federal employees as they make plans for federal retirement. For more information about your federal retirement benefits, go to our website at https://retireinstitute.com to get support.
The information contained in this video should not be used in any actual transaction without the advice and guidance of a tax or financial professional who is familiar with all the relevant facts. The information contained here is general in nature and is not intended as legal, tax or investment advice. Furthermore, the information contained herein may not be applicable to or suitable for the individuals’ specific circumstances or needs and may require consideration of other matters. RBI is not a broker-dealer, investment advisory firm, insurance company, or agency and does not provide investment or insurance-related advice or recommendations. Brandon Christy, President of RBI, is also president of Christy Capital Management, Inc. (CCM), a registered investment advisor.