IRA Strategies Part 1

Show aired on October 2nd, 2021

This week, Mike discusses a listener question regarding taking money out of an IRA to pay off a mortgage:

• tax considerations
• longevity of being in the house; ROI
• consider your risk tolerance

He then continues with some other IRA strategies and considerations:

• Other reasons to take money from IRA
• Use caution if someone wants you to use your IRA as collateral for a loan vs. using it to secure an unsecured loan
• Watch for the red flag of advisors telling you specific percentages of returns they can get
• How upcoming tax legislation could affect IRA rollovers and withdrawals

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IRA

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Though Mike Miller is an employee of Ronald Blue Trust, Talking Money^® represents his individual views, and not those of his employer or any other sponsor of the program. During the program, Mike may discuss market trends as well as specific financial planning techniques and investment ideas. These discussions are for general information only and are not intended to provide specific advice or recommendations to any individual or organization. Work with your attorney, or accounting, or investment professional for specific individual advice and services. Any securities or investment products discussed on Talking Money® are not insured by the FDIC, are not a deposit or other obligation of or guaranteed by any bank, and are subject to investment risk, including possible loss of principal amount invested. Some shows contain time sensitive material that should not be relied upon without verifying.

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