Taking Money from IRA - Beacon Wealth Management

WDTV News Segment Beacon Wealth Management Solutions 4 Financial Independence with John T. Halterman. I am getting ready to turn 62 and plan to retire. I will have social security, company pension, an IRA rollover, and a roth. I was thinking about taking some money out of my IRA because it has a lifetime income benefit which my Roth IRA does not. The only catch is the benefit would be a percentage point higher, 5 instead of 4, if he waits until he is 65 to start. What are some things he should consider?

IRA Distributions Count As Earned Income

Manage Tax Burden

Cash Out Pension

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Securities offered through Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Beacon Wealth Management operates independently of Cambridge. This communication is strictly intended for individuals residing in the states of WV, PA, OH, MD, NC, SC, TX, FL, NY, DE, KY, CA and WI. No offers may be made or accepted from any resident outside the specific state(s) referenced.

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