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Now being retired at age 74, a large mistake I made for retirement planning was to open IRA's
decades earlier. To me IRA's (of the conventional type) are merely a means for the gov't to force one to pay taxes in future years when you may not need the money meaning RMD's.

Looking back I now recommend younger individuals to merely open brokerage accounts, period. When you retire if you do not need the money it can sit there untaxed (except for dividends, etc.) until needed.

No forced RMD withdrawl engendering taxes due. While I also have a Roth I would not bother with that either if i was starting over. Just more info to the gov't.

Just my thoughts. I currently take my various annual RMD,s, pay the taxes and put it in new brokerage accounts.

I believed (back then - 1970's) that when the government says they have an investment (IRA) that is to help people, I bought into it. Stupid me, it was/is merely a way to force taxes to be paid when perhaps it's not necessary from a personal needs standpoint. NEVER NEVER TRUST THE/ANY GOVERNMENT WHEN IT COMES TO YOUR MONEY !
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