No. of Recommendations: 0
I am 55 and just retired. I will begin IRA withdrawals in 2002 and continue on the same plan for 5 years to avoid 10% penalty. I need to withdraw more than allowed by the simple IRS-described methods and am told I need to hire an actuary or other specialist to determine an appropriate assumed interest rate and calculate what I can withdraw.This seems strange.

Not really. If you ask someone who is "in the business", and in a fiduciary role or whatever, they are pretty well obligated to give you this advice, since it's the only way you can be something like 100% sure that what you set up will pass muster.

However, you don't have to be in the dark about what's permissible, at least for your planning purposes. There's a wide range of amounts you can withdraw -- wider, in fact, than may be prudent for you to consider.

Anyway, the best online calculator I know of is at

And I would recommend you take a look at The Retire Early FAQ:, and follow enough links that you get a good idea of what your options are.

You would probably also enjoy following the posts on the message board, here at TMF:

Suggest you add it to your "favorites" for a while!

Good luck!

Phooley in Phoenix
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