HUNT VALLEY, Md. ( TheStreet) -- Among the theories on how to withdraw funds from an IRA in the most tax efficient manner, here are three popular concepts:
- Withdraw some funds in your 60s so less is required to be withdrawn in your 70s based on the required minimum withdraw.
- Wait until the end of each year before withdrawing.
- Convert to a Roth IRA to eliminate all future taxation since tax rates are supposedly going higher.
|Withdrawing from your IRA in your 60s when there is no need makes zero sense today. There are better strategies.|