Rules for liquidating roth ira
Any withdrawals are deemed first to come from any previous contributions made, then previous Roth IRA conversions, then earnings. Except for 72(t) and RMD withdrawals, the IRS allows a return of distributed amounts back into an IRA within 60 days.
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This amount is called a Required Minimum Distribution or RMD.Figuring out how much income you’ll need in retirement is a key step in creating a financial plan for retirement.
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