Our daily roundup of retirement news your clients may be thinking about.

The 7 most common IRA mistakes people make Many IRA investors make a number of mistakes, such as not maxing out contributions to their accounts, paying unnecessary penalties on withdrawals, and not updating their beneficiaries after a life event such as death or divorce, according to this article on MarketWatch. Many non-working spouses also are allowed to have an IRA but fail to open this type of account. Many IRA investors also fail to designate a trust as beneficiary, take advantage of the stretch provisions for their beneficiaries, and claim their required minimum distribution when they turn 70 1/2.   --MarketWatch

Register or login for access to this item and much more

All Bank Investment Consultant content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access