The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: Substantially equal periodic payouts||Date: 3/11/1999 8:27 AM|
|Author: TMFPixy||Number: 9054 of 82229|
Dr. Merlot asks:
<<Q1 Once I choose a method for each of the IRAs that I choose for the calculations,does the process go on for five years for each of the IRAs?>>
Yes, it goes on independently for each one for the longer of five years or until you reach age 59 1/2.
<<Q2 What date(s) are used to start the five year clock? The first IRA from which I get $$ or does the clock start with the last one of the take out year or is it just Dec 31, 2000?>>
The individual dates you started the withdrawals from each. They run independently of each other.
<<Q3 After the five year period, can I stop taking money out until I am 70 1/2?>>
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