Retirement Planner Explains: IRAs | Retiring Today With Loren Merkle [Video]

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In this episode of Retiring Today, host Molly Nelson and retirement planner Loren Merkle discuss the basics of Individual Retirement Accounts (IRAs). Learn about the evolution of IRAs since their creation in 1974, the tax advantages of making contributions, and the significance of rollover strategies from employer-sponsored plans, like a 401(k) or 403(b). They also discuss the impact of the sequence of returns risk for retirees, required minimum distributions (RMDs) and their tax implications, and the potential tax benefits of Qualified Charitable Distributions (QCDs).

#retirementplanning #ira #retirement

Loren Merkle, CERTIFIED FINANCIAL PLANNER™, RETIREMENT INCOME CERTIFIED PROFESSIONAL®, CERTIFIED FINANCIAL FIDUCIARY®
https://merkleretirementplanning.com/staff-members/loren-merkle/

Molly Nelson, Host of Retiring Today
https://merkleretirementplanning.com/staff-members/molly-nelson/

Chapter
00:00 Show Intro
00:42 When were IRAs created?
01:18 IRA Tax Deductions
02:16 Employer Plans vs IRAs
2:50 IRAs Seen as Debt
07:20 IRAs and Roth Conversions
09:25 Sequence of Return Risk
14:44 IRAs and RMDs
18:43 IRAs and Charitable Donations
19:58 Journey to Retirement

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