No. of Recommendations: 2
.... My husband is currently 51 and it's looking like a train wreck to me on money we put in a traditional IRA while they were deductible for us way back in our 20s. ...


I took a look at the table that I found;

http://www.irs.gov/pub/irs-pdf/p590.pdf
Page 101

said the life expectancy at age 70 was 27.4 years, at 80 it is about 18.7 years. (it also says that a 100 yeat old has a life expectancy of 6.3 years!)

If having to withdraw 1/27 to 1/18 (about 4 to 6 percent) of your traditional IRA each year qualifies as a train wreck then I envy you.

If there is that much money in the IRA you should look into retiring early if you haven't already and taking the “substantially equal distributions” to avoid the 10% penalty.

Greg
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