Tax-Advantaged Savings in Retirement

Robert P. Kurshan
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Robert P. Kurshan: Fellow, Cadence Design Systems (retired)

Chapter Chapter 13 in Investment Industry Claims Debunked, 2022, pp 249-254 from Springer

Abstract: Abstract If you have tax-deferred savings like an IRA, that’s great. If you have a Roth IRA, you already have paid taxes on the initial investment, and no further taxes are ever due on its gains, dividends, interest, and, after 5 years, their withdrawals. (The amount invested can be withdrawn at any time.) If you have a traditional IRA, then you pay no taxes until you withdraw from it, but in retirement, there are required minimum distributions (RMDs): annual amounts that you are required to withdraw and pay taxes on the amount withdrawn (Sect. 13.1).

Date: 2022
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DOI: 10.1007/978-3-030-76709-9_13

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