The Internal Revenue Service is going to get its piece of your hard-earned, tax-deferred retirement savings accounts — it’s just a matter of when.
A harsh reality? Perhaps. A chance to think strategically about your retirement accounts? Absolutely.
That’s because there may be ideal times — and less ideal times — for people to get the taxes on their IRAs, 401(k)s, 403(b)s and other tax-deferred accounts over and done with, if they haven’t already, according to retirement savings experts.
Spotting a good time is an art and a science, they say, that involves cold, hard numbers and regulations. But it also involves tougher-to-pin questions about a person’s future needs and future taxes.
Andrew Keshner | Yahoo Finance