The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/ira-withdrawal-11085027.aspx

Subject:  IRA Withdrawal Date:  7/25/1999  8:38 PM
Author:  danb5 Number:  12554 of 86482

Way back in post 7545 someone asked about an IRA withdrawal which raises a question in my mind. Specifically what I want to do is transfer about $12,000 in stock from an IRA account to a non tax deferred account. I am over 60 so there is not a problem of penalties and I do know that I will have to pay tax on the amount I transfer.

My question is does that force me into the situation where I then have to draw at least that much out of my IRA each year until I reach the age of 70 and 1/2 when I would be required to recalculate what my annual withdrawal must be based on the IRS rules that apply at that time.

Dan B.
Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us