Many retirement savers spend much of their working life building their retirement nest egg through the use of Individual Retirement Accounts (IRAs). The savings can be a significant part of their security throughout the retirement years. When retirement time arrives, the plan is simple. Utilize these accounts for a steady and dependable source of income, which will help supplement other sources of income. For many individuals, this is exactly what they will do.
For others, IRAs are a source of potential income that may not be needed. Converting these accounts into income often means a tax burden that is not necessary. One would rather pass this power of income with tax deferral onto their heirs, essentially creating a legacy of growth and income for multiple View the rest of this article
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