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URL:  http://boards.fool.com/im-trying-to-help-my-70-12-year-old-mother-she-16624121.aspx

Subject:  Re: MRD Date:  2/3/2002  3:54 AM
Author:  pmarti Number:  7741 of 20783

I'm trying to help my 70-1/2 year old mother. She is going to start to withdraw from her IRA, and has elected the take it all out over a 5-year period rather than the 10-year option that the provider also offered.

Let's stop here for a second. Is this what she really wants to do? I ask because it appears from the rest of your post that she doesn't really need or want the money, and she's concerned about having too much in the bank. It's not adding up to me.

If the problem is that her custodian demands that she liquidate the account within a specified period, perhaps she should move it to a more accomodating trustee.

Phil Marti
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