My husband has a 403B from which he has to start taking the required minimum distribution beginning next year as he turned 70 in August. We are a bit unsure the best way to handle this. We have been consulting with some financial advisors. I believe we have to base it on our joint life expectancies which is about 22 years. So we have to take out what amounts to approximately 5.5%. We really do not need it to live on at this stage of our lives. So we will need to reinvest it. How does that compute? Will we still run out? Of course, should he preceed me in death, our SS and Pension benefits will decrease by 25 to 30% so I might need to use part of it to live on. We feel fortunate to have this and we want to use it wisely. We are currently making house payments as we had to buy a house when we retired! That will be done in 2008. We assume that the 403B and IRAs are handled the same when it comes to withdrawal..? Thanks for your foolish help!
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