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When a person reaches the age when he has to start withdrawing money each year from his IRA, can the? |
withdrawal be anytime during the year? If so, what would be the advantages of withdrawing it earlier instead of later, like in December? It seems to me that if the investment is drawing more in the IRA than where the withdrawal would be placed when taken out, that it should remain in the IRA until late in the year. Is that right? The timing within the year does not matter. If you are earning more in your IRA, it makes sense to leave it in as long as possible. However if you have tax efficient investment that earns returns close to the IRA, you would want to withdraw at the beginning of the year. Assuming a 10% return(makes the math easier). A 10K withdraw earns 1K in the IRA. At a 30% combined tax rate you net 7700. However if you get 10% with a capital gains tax rate of 20% you net 7800. However with a 5% return outside the IRA you net only 7450. |
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