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http://boards.fool.com/dr-merlot-asks-ltltq1-once-i-choose-a-method-10664280.aspx
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| Subject: Re: Substantially equal periodic payouts | Date: 3/11/1999 8:27 AM | |
| Author: TMFPixy | Number: 9054 of 72254 | |
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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?>> Yes. Regards….Pixy |
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