Understand after 55, certain money will be transferred to new RA account.
Two point want to clarify:
1. The money transferred to RA account will not earn any interest. So basically if count from 55 to 65, we are losing the 10 years interest. Correct?
2. After passed away, the remain will be transferred to beneficiary. This assume the money remain is not exceed the money initially deposit. Correct?
For easy illustration:
If I transferred 100k to RA account. And after 65, if I’m collect 1k per...
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Two point want to clarify:
1. The money transferred to RA account will not earn any interest. So basically if count from 55 to 65, we are losing the 10 years interest. Correct?
2. After passed away, the remain will be transferred to beneficiary. This assume the money remain is not exceed the money initially deposit. Correct?
For easy illustration:
If I transferred 100k to RA account. And after 65, if I’m collect 1k per...
Read more
