3 reasons to ditch your IRA

Holding an investment retirement account may no longer be a good strategy to save for the golden years, according to an article on MarketWatch. Data show that tax rates will continue to rise, meaning clients can expect to pay higher taxes when they take withdrawals from tax-deferred retirement accounts in the future. Clients may also face hefty penalties if they fail to take required minimum distributions from their accounts at age 70 and a half. Also, estate planning gets more complicated if an IRA is part of the assets. –MarketWatch

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