How to get the most out of your IRA
(KPLR) – Some changes could be coming to Individual Retirement Accounts. Many of us will be learning about them this week.
Rick Bagy is the president of First National Bank of St. Louis. He stopped by the studio and discussed the changes you may see.
Bagy said many IRA holders may be receiving letters very soon. These letters are to inform you of the need to divest certain amounts, make changes by a certain deadline, and when to make deposits to your benefits.
Many people may find the letters confusing.
Bagy explained how to simplify your IRA plan. He also talked about how people can best take advantage of their IRA’s.