The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: Roth vs. Traditional IRA||Date: 8/31/2003 12:16 AM|
|Author: Watty56||Number: 37068 of 80174|
.... 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;
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.
|Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|