Most IRA owners limit withdrawals to required minimum distributions, according to a new report from the Employee Research Benefit Institute. Nevertheless, a substantial number of higher-income retirees take withdrawals before age 70-1/2, when RMDs begin, and those non-required distributions may be relatively large, in relation to their IRA balances.
Some advice regarding optimal withdrawal strategies will definitely help, said Sudipto Banerjee, EBRI research associate and author of the report, when asked about the role financial advisors can play.
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