Withdrawing From Your IRA: A Guide to the Basic Distribution Rules

    by Clark M. Blackman

    IRAs (individual retirement accounts) are powerful savings vehicles in which to save for retirement in a tax-deferred, and in one case, tax-free environment.

    Generally speaking, an IRA is a vehicle similar to an employerÂ’s 401(k) in that contributions grow tax deferred. It is important to note that an IRA is not an investment per se, but a means to invest retirement dollars in a tax-advantaged way. Think of the IRA as a pot with certain tax advantages, into which you must put an investment. You still need to make investment decisions based on your own risk tolerance and investment philosophy.

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    → Clark M. Blackman