No. of Recommendations: 0
Way back in post 7545 someone asked about an IRA withdrawal which raises a question in my mind. Specifically what I want to do is transfer about $12,000 in stock from an IRA account to a non tax deferred account. I am over 60 so there is not a problem of penalties and I do know that I will have to pay tax on the amount I transfer.

My question is does that force me into the situation where I then have to draw at least that much out of my IRA each year until I reach the age of 70 and 1/2 when I would be required to recalculate what my annual withdrawal must be based on the IRS rules that apply at that time.

Dan B.
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!
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.