Taking a glucocorticoid medication (sometimes called corticosteroids) for treatment of inflammatory arthritis or other health problem may weaken your bones. This, in turn, can lead to osteoporosis. The good news is there are ways you can protect your bones while taking glucocorticoid medicine.
The two types of IRAs â Traditional IRAs and Roth IRAs â differ on income limits, age limits, and the Required Minimum Distribution (RMD). The main difference between a Traditional IRA and a Roth IRA is how theyâre taxed. (This is the tax deferred versus tax exempt distinction we referred to above.) If you choose a Traditional IRA, you donât pay taxes on your contributions until you make a withdrawal, usually in retirement.
One way to move money from one IRA to another is a rollover, where you take a distribution from one account and then, within 60 days, redeposit the money in another IRA.However, the rollover rules don't restrict what you can do with the money while it's between accounts.ne way to move money from one IRA to another is a rollover, where you take a distribution from one account and then, within 60 days, redeposit the money in another IRA.