UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev | Next
Author: crocket838 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 5741  
Subject: Re: Inherited IRA Date: 7/14/2011 10:31 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
The amount that is the RMD each year is based on your own life expectancy and the value of the IRA as of the end of the last trading day of the previous year. (It doesn't have anything to do with your age when your mother was 70.)

I remember something about the value of the IRA at the end of the last trading day of the previous year......that is one number in the equation and I can get that. I would just need to know the "number" they use for my life expectancy. Does that change as I get older?

I'm also not sure why you're mentioning July. You can withdraw your RMD at any time during the year -- it doesn't have to be any particular month.

When I filled out all the paperwork for the transfer, I guess I must have specified July as the payment month. I only take one payment a year. Muhlenkamp Fund (MUHLX) is the custodian.

Crocket
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev | Next

Announcements

2013 Feste Award Voting Begins!
Who will win the 2013 Feste Award? Vote now for the Fool that most exemplifies the Fool Community mission of Learning Together!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Tax Strategies

TMFPMarti-Feeling Good
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement