At 70.5 years old, the government wants a piece of your tax-deferred savings and will force you to withdrawal a percentage of your money in order to generate revenue from taxation. Many retirees don’t need or want to take money from their IRA’s or other tax sheltered accounts but unfortunately we have no choice. However, this can be a good opportunity to start shift your money from the preservation phase to the distribution phase. You can read more about this here.

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