We use a Traditional IRA / 401k during the working years because tax deductions combined with tax-deferral and compound interest is an incredibly powerful force for wealth creation. Just add time, and these accounts are bound to grow to impressive levels. But if they get “too large” then R...
In addition, if you have a 401(k), 403(b) or other employer-oriented retirement plan instead of an IRA, your first year for distribution might be later than age 72. This occurs if you were still working for the company and are not a 5% or more owner of the company. This only appl...