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IRA's, RMD's, and trading accounts and Senior Citizens
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Cornstalk1
Posted 4/17/2021 09:01 (#8956582)
Subject: IRA's, RMD's, and trading accounts and Senior Citizens


Midwest
Most managed IRA accounts have a policy of moving to "safer" investments as you get older. The account managers try to achieve a stable and lower risk return through a combination of different investment ratio's of bonds and stocks to achieve this goal. This has an end result of a lot of money left on the table and some tax inefficiencies in poor financial timing management. Just some observations here. Take control of your account and begin managing your investments. (If you own a farm worth a million and manage it then you should be able to manage your IRA). When you are old enough you may be better off just paying the tax during a low income farming year and moving to a regular trading account with a discount broker. You might be better off knowing what you are really invested in and dump the lower 20% of the poor performers and move the money into the upper 20% of the good performers of your stock portfolio. ( If you are good at it you might even make enough on dividends to give it to the church via a QCD and keep everybody happy) You might even want to spend an hour a day researching and keep a list of promising stocks to buy and start following Ned Davis or some other analysts for their analysis. If you are retired you should have time for this and reap some of the benefits of being a student of the market. (Just my humble thoughts this morning)

Edited by Cornstalk1 4/17/2021 09:06
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