The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  https://boards.fool.com/i-do-wish-i-wasnt-required-to-withdraw-more-than-31143204.aspx

Subject:  Re: Move MRD Date to 4/15 Date:  2/28/2014  4:12 PM
Author:  Patzer Number:  120293 of 132811

I do wish I wasn't required to withdraw more than I need for expenses.

My dad had the same complaint. After I pointed out that the requirement to withdraw funds from the IRA and include them in taxable income wasn't a requirement to actually spend the funds, he stopped complaining.

These days, I take RMDs from the part of Dad's IRA that I inherited. They just get transferred to my taxable brokerage account, where they are invested like all other after-tax funds. Works for me.

Patzer
Copyright 1996-2021 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us