Through the Pines Ep. 24 - How to Take Money OUT of an IRA

HOW TO TAKE MONEY OUT OF AN IRA - THROUGH THE PINES PODCAST

Welcome to a Financial Planning Podcast with a down to earth vibe Sasquatch would listen to while churning butter, this is Through the Pines…

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*TIME STAMPS*

1:15 - Basic Rules to Access IRA Money
4:10 - Required Minimum Distributions
5:55 - It’s YOUR MONEY! It’s Your Responsibility.
6:50 - Taking money out for Charitable Contributions
8:50 - More on Required Minimum Distributions (in your 70s)
9:40 - Who Should Be Your IRA Beneficiary?
13:55 - Rule Changes
15:34 - 60-Day Rule, What is it? How to Use it.
18:15 - Using IRA Money to BUY a HOUSE!
22:00 - SMORE NUMBERS - Aging Demographic Statistics
23:15 - How to use IRA money for HIGHER EDUCATION
25:15 - Using IRA Money for Child Birth Costs
26:30 - Using IRA Money for Medical Expenses
28:50 - Substantially Equal Periodic Payments
35:40 - Death, Disability, Unemployment Distribution Options
37:00 - Pulling out NON-CASH Items from your IRA

Plan with Baxter: https://www.ameripriseadvisors.com/team/baxter-nelsen-associates/

Through the Pines - Reminding you to use Yesterday’s Dollars to Finance Tomorrow’s Dreams.

This episode includes financial advice from professionals. Visit the financial planners in this podcast at www.planwithbaxter.com. The Banyan Collective & Host, R. Brandon Long are not the financial professionals - podcast pro's, maybe - money men, not so much.

Did you know - You can take money out of your IRA for a first time home purchase, select medical expenses, for a 60 day loan, and of course for your retirement. We cover all the options in this episode of Through the Pines.