UnThreaded | Threaded | Whole Thread (28) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: inparadise Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76237  
Subject: Re: RMDs for Roths? Date: 3/11/2014 7:45 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
consider that it might have more to do with the marginal utility
...
Nah, more to do with simple delayed gratification.

Unless your financial plan includes an IRA inheritance (some actually do), then receiving such is an unanticipated windfall ... and that brand new 2013 truck is likely pretty far down on the list of "needs."


We've already talked with the kids about this. Told them that in the event we kick the bucket way earlier than we hope, they will inherit funds, much of which is in the form of IRAs. It is our hope that they will take the RMDs for their wants, keeping the bulk for their financial independence...providing many stories about how this helped us follow the path we wanted because we had assets to back us up if we lost that job.

Then again, our kids typically ate the cake first, saving the frosting for last. Delayed gratification seems to run in the family. Or maybe we've simply educated them.

IP
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (28) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Macro Economics

Implications of the Ballad of Ted Plotz
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement