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I have recently read that it is under consideration (proposed) that the people currently reaching 70 1/2 will not be required to make a withdrawal due to the reduced value of the stock market. What about the people who have been retired 10 years or more? Would we have to take the customary withdrawal? Seems to favor just one age group, those who are now 70, while those 75 or 80 would still have to withdraw at the same rate as before this great market reduction.

i haven't heard too much detail ..so don't really know, but applying the
RMD moratorium to only those just now turning 70-ish would be silly.

part of the reason is to help people not sell if they don't want to --it has to apply to everyone over 70 in order to help the Market (and to be fair, imo)


All the news saying "hold on and wait" seems to concentrate on the upcoming generations who have the 5 or 10 years to wait for a recovery and takes nothing into consideration(or advice for) the people who are already retired and depending on their savings to help them to the end.


yup... "Hold on" works best for the young and wealthy ..if you're trying to live on your investments, the market looks VERY scary.


I wish I could decide what to do, and I would hope that the market begins to show some recovery soon. I have always had a more than average tolerance for risk but it has now been reached. If we sell stock now we would be locked in at a great loss. This problem may not be relevant to this discussion board, but I felt the need to vent. What are you other people doing???

**me** ... i'm moving to cash. selling some at a loss, but i think the Bottom may be far, far away. But believe it's very much a question for the individual ..


=
...venting is cool ... VERY common on these boards.
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