I am a Fee Only Sacramento Financial Advisor.  I have 38 years experience in this business. Today I want to touch on some IRA options you have.

Option #1: You can continue to withdraw your required minimum deposit every year until you pass away. Then, if you have named beneficiary(s) of your IRA they will inherit your IRA and continue to take out required minimum distributions based on their age until the account is emptied. This is usually called a “stretch IRA” and it is a perfectly fine way to go. (more…)