I cannot begin to count the number of people who I have talked to over the years that say, “I wish I had started saving
This year brings a nice change to those people who are required to take minimum distributions from their IRA’s each year. You don’t have to
We keep hearing how little people have saved for retirement. If the government would like to stimulate retirement savings so that people are not solely reliant on Social Security, then combine the Roth and regular IRA’s. Give a tax deduction on the contributions in the year they are made, allow for tax free withdrawals during retirement and do away with the required minimum distributions.