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Subject:  Re: Younger Seniors Burning thru IRAs Date:  5/16/2013  6:56 PM
Author:  jgc123 Number:  423055 of 539052

"The person with forsight will withdraw money before age 70 1/2 to reduce the amounts withdrawn later, to stay in a lower tax bracket.

"The person with even more forsight will postpone claiming Social Security benefits, so the IRA can be drawn down more, without paying income tax on the SS benefits.

If you are a depression baby you might go for a third option. Postpone collecting Social Security until 70 so that you can draw down the maximum, AND postpone collecting your mandatory IRA withdrawals until you are 70 and 1/2, AND continue to work so that you can reinvest your Security and mandatory IRA withdrawals until you retire at 87.
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