Annuity IRA Strategies
The majority of Americans that find themselves at the finish line of a working career and at the starting line of retirement have to start planning on how their IRAs can provide the lifestyle they desire. If you have a employer type retirement plan like a 401k or 403b, that account is typically moved to a traditional IRA structure so that you can have full control of the assets. IRA stands for Individual Retirement Account, and at the end of the day, it’s all about making sure your golden years of retirement are actually golden. The beauty of a traditional IRA structure is that your money grows while you are working and compounds tax deferred until at age 70 ½ years old Required Minimum Distributions (RMDs) kick in and money must start to be withdrawn.