No. of Recommendations: 0
You want to look at IRS Publication 590, Appendix E. If you do not start withdrawing from your Traditional IRA until age 70 1/2, you will be severely penalized if you do not then withdraw according to a schedule based on how long the IRS thinks you will live. (The schedule changes if you have a much younger spouse or other beneficiary.)

If you have purchased an annuity from an insurance company, they may make your payments based on these tables, I don't know.

The IRS Web site is Once you get there, click on Forms & Pubs down near the bottom.
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! 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.