Distribution
I must take Distibutions next year, I’m of THAT age. Money is with a firm. IRA account and stocks. Should distribution be taken from the cash part of the account or the stock part of the account or combination of both?
Terry Says
What age? Starting this year, you don’t have to take a distribution until you reach age 73. That just changed, so I thought I’d mention it.
You can take the money out of any of your retirement assets. But if you take all the cash out this year, then next year you might be forced to sell to take your RMD. So my idea would be to take alittle from each part. Actually, you’ll be taking all withdrawals in cash –just selling some stocks to get the cash!
