The Motley Fool Discussion Boards

Previous Page

Investment Analysis Clubs / Macro Economic Trends and Risks

URL:  http://boards.fool.com/quotthe-person-with-forsight-will-withdraw-money-30687891.aspx

Subject:  Re: Younger Seniors Burning thru IRAs Date:  5/16/2013  6:56 PM
Author:  jgc123 Number:  423055 of 457502

"The person with forsight will withdraw money before age 70 1/2 to reduce the amounts withdrawn later, to stay in a lower tax bracket.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.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us