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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75888  
Subject: Re: UV2 Revis'd-IRA Drawdown Date: 10/9/1997 6:50 PM
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Yo, Taxedout.

<<Pixy asked in reply to one of my questions how the 19.2 year IRA drawdown period was determined since the beneficiary is age 42.

The answer is the 19.2 years is based on the IRA owner being 78 years old at date of death. I saw the 19.2 years on an IRS publication for age 78, and the bank-IRA custodian also confirmed this period for me. >>

As long as that's at least as rapidly as the method of distribution chosen by the original owner at the first distribution on attaining age 70 1/2, then there's no problem. You should verify the method the owner chose to ensure the 19.2 years is the correct factor to use. Better safe than sorry.


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