No. of Recommendations: 0

I know that there are rigid IRS rules regarding
mandatory withdrawals from IRAs beginning at
age 70.5. But I don't know exactly what they
are and I don't know how to maximize my income
and minimize my taxes as I withdraw.

My IRAs are somewhat complicated, but substantial.
They are under 8 different custodians and in 18
different investments. The total value is
>600K currently allocated as

Equities 5%
Mututal Funds 66%
Cash 6%
US Obligations 16%
CDs 8%

1. What is a good source for a simple explanation
of the withdrawal rules and the possible
2. Once I figure out how much I have to withdraw,
do I have to withdraw from all equally or can
I wipe out one before moving to the next?
3. Shouldn't I go to a professional financial planner
to get advice?

There is some time pressure as I am now 66. I'm
still working full time, so I don't need any
withdrawals now, but seventy is fast approaching.


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