Mistake 2: Not keeping up with all of the current tax law changes.

This is a major issue, since many new tax laws may come into effect and, as mentioned earlier, the IRA custodian may not be familiar with or have even implemented these new rules.

With the ever-changing nature of the tax laws, it is vital that you meet with an experienced financial advisor so you know what is and what is not allowed and the proper way to handle your retirement plan distributions.

 

Adapted from MD Producer