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Every day my IRA is getting smaller faster than the Incredible Shrinking Man and I am required to take a minimum distribution before the end of the year. Ouch!
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Every day my IRA is getting smaller faster than the Incredible Shrinking Man and I am required to take a minimum distribution before the end of the year. Ouch!


good question.

i Believe that amount of the RMD is based on value of IRA on Dec.31st



-b
..... luckily for me, mine's not shrinking THAT fast.
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That's Dec. 31 of the previous year so he gets a large RMD in 2008. He'll have to take a lot less in 2009 unless the market turns around.
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That's Dec. 31 of the previous year so he gets a large RMD in 2008. He'll have to take a lot less in 2009 unless the market turns around.



ouch!


did not know that.


=
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I am required to take a minimum distribution

If you're old enough to take distributions, your IRA should be mostly in safe fixed income investments.

Just IMO.
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mendoman: Every day my IRA is getting smaller faster than the Incredible Shrinking Man and I am required to take a minimum distribution before the end of the year. Ouch!

I feel your pain, literally, not sympathetically. We can at least roll it over into a taxable account (after paying our 2008 taxes.)

cliff
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"...safe fixed income investments."

Jeez, these days how can you be sure what's safe?

-drip
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Jeez, these days how can you be sure what's safe?

Good point. Here's one:

http://www.etftopics.com/treasury-etf/
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If you're old enough to take distributions, your IRA should be mostly in safe fixed income investments.

Yes, a portion of it is, but I do have stock mutual funds to allow for growth as a hedge against inflation.
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We can at least roll it over into a taxable account (after paying our 2008 taxes.)

This is true.
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I wrote: If you're old enough to take distributions, your IRA should be mostly in safe fixed income investments.


mendomann wrote: Yes, a portion of it is, but I do have stock mutual funds to allow for growth as a hedge against inflation.

My Reply:

I'll bless that. I did say "mostly". I plan to fight inflation by buying plenty of IPE.
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I'll bless that. I did say "mostly". I plan to fight inflation by buying plenty of IPE.

--------


What is "IPE"?

AM
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What is "IPE"?

SPDR Barclays Capital TIPS ETF (AMEX:IPE)

Took a mild hit over the past six months. A bargain now IMO.
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<AM> What is "IMO"?
</AM>

8^)
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<AM> What is "IMO"?
</AM>

A new Federal regulatory agency that John McCain misidentified or made up?
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<AM> What is "IMO"?
</AM>

8^)


Why, Cliffie, that would be Imperial Oil. ;^)

http://finance.yahoo.com/q?s=imo

Churchy
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<AM> What is "IMO"?
</AM>

8^)

-------------------


Dear Cliff,
KYOA

AM
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What is "IMO"?
</AM>

A new Federal regulatory agency that John McCain misidentified or made up?

-------------


LOL!
That man is a complete idiot.
Wandering around in a stupor.
Who is he?
Where is he?
Does he know?
Heh.

Can he find his own ass with both hands in his pants?

Somehow....I doubt it.

AM
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