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Author: Scheherazade One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75890  
Subject: Re: Retirement to IRA/Stocks Date: 2/15/1999 12:44 PM
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Hi:

My mother is 67 years old and currently works. She is
not ready to retire, but she wants to withdraw her
pension that has been held by the bank where she was
employed ten years ago. She has been working other
places since then.

She wants to put some of her money in an IRA so I can
help her invest in value stocks such as the RP4. We
know that she must withdraw some of this each year
because she is over 59 and a half. Does anyone know
what percentage this is? Also, should she roll it over
to the IRA before she makes withdrawals or does she
need to take a withdrawal first? We plan on consulting
a financial adviser who is a distant relative, but I
was clear with my mother that she would probably be
opposed to any stock investing. My mother wants to
invest in some stocks. I was just wondering if anyone
on-line knew the answers to my questions.

Thanks,
Darlene
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