IRA Minimum Age/Distribution
AN EXCITING REASON TO TALK TO YOUR PERSONAL BANKER!
Effective immediately, the government has raised the age of IRA “Required Minimum Distributions” from 70.5 to 72 years of age! This means your money can stay invested and work harder for you. Open a Lakeside CD for your IRA! And it’s also completely legal to transfer your 401-K’s into a Lakeside CD, too. Insure your funds as you get closer to retirement! Please see your Lakeside Banker for details! You can contribute to your 2019 IRA right up to April 15, 2020!