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Author: JAFO31 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 74759  
Subject: Re: Retirement money advice Date: 12/16/2004 9:21 PM
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Matt1344: "Hi JAFO,

I didn't read all your links but I seem to recall that the minimum withdrawal can be calculated based on the age of his wife or it is at least factored in some way.. being 62 I think that may make for lower numbers at least... Sure hope I'm right.

Not an expert here but they should make sure about this..."


I am no expert at either RMDs or Taxes. I do hang around the Tax Board, and I am observant.

As I understand the rules, the beneficiaries age can be taken into account, and there are different rules for spouse beneficiary versus naming 5 year grandson/granddaughter.

It will all be covered in the IRS publication that I cited.

Regards, JAFO





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