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Author: aj485 Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 74759  
Subject: Re: help -retirement investing plan Date: 6/4/2011 7:04 PM
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My wife and I are both 71,
.
.
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401(for both of us) $450000


Just remember, now that you have both turned at least 70 1/2, you are required to take minimum distributions from your 401(k)/IRA assets each year. With a combined $450k, at age 71, your combined minimum distribution for 2011 is about $17k, depending on your 401(k)/IRA balance as of Dec 31, 2010.

You may want to look at IRS Pub 590 for details. www.irs.gov/pub/irs-pdf/p590.pdf

AJ
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