If you’ve saved diligently for retirement – maybe even built up a seven-figure nest egg in a large IRA – but still find yourself hesitant to spend it, you’re not alone. It’s a surprisingly common challenge: retirees with plenty of money feeling like they’re scraping by. But did you know that having a large IRA can lead to unexpected tax headaches once you hit your 70s?
In this episode of Wealth Creator Radio, Eric Heckman, veteran financial planner, shares why people are holding onto their money, how to confidently spend so you can enjoy your retirement, and some smart ways to reduce the tax burden of a large IRA.
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