Skip to main content
No. of Recommendations: 0
This question has arisen from an individual who is a
68 yrs and three months old retired Professor. He has a 403b supplementary retirement account with TIAA-Cref, a 401K plan with his small private company which he founded several years ago and a small amount in an IRA from the days when his company did not have a 401K. He has heard on the radio confusing talks about minimum and lump sum withdrawls at age 70.5 and has not found
specific information or references on how to figure out how he should compute the minumum withdrawls, compare
the advantages and disadvantages of the alternatives
especially since he expects to continue working part time in his company for perhaps another 5 or 7 years depending on his health and may not need to draw upon much income from his retirement accounts until he is
completely retired.

Unfortunately TIAA says they can only advise on the
TIAA SRA alternatives and what is needed is advice
concerning the total of all retirement funds in the
context of wanting to leave any balances after his
needs to his heirs with a minimum of loss to estate taxes.

Any really pertinent references and responses will be
most appreciated.
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.