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URL:  http://boards.fool.com/i-have-a-similar-situation-in-about-4-years-get-10912590.aspx

Subject:  Re: IRA Withdrawals Date:  6/2/1999  1:16 PM
Author:  buznitz Number:  10999 of 75375

I have a similar situation in about 4 years. Get IRS Publication 590 to find out your limited options. One way to reduce the yearly withdrawels required is to name a younger beneficiary to the IRA's. But be aware that the IRS has a table (in 590) that requires a minimum withdrawel. At age 70 the divisor is 26.2 which means that you need to divide the values of all your IRA's by that divisor to determine the minimum withdrawel (in your case that's less than $40K). In subsequent years you recalculate the withdrawel amount using the applicable divisor. Looks like you can withdraw about $40K a year and add that to your income.
The tax bite should be about 28%-31%.
Be grateful that you can pay taxes and still eat.
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