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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.

Her concern is 2-fold:
1. taxes she will pay (no getting around this, but aren't the current Bush administration tax rates "better" than what was or what might be in the future?)
2. FDIC-insured limit at her bank - she will probably take her IRA money and put what she doesn't spend into the bank. She is concerned that that she will max out and need to find another place to put her IRA distributions. Any suggestions where to put the excess money and/or info about the FDIC limit would be much appreciated.

I am equally clueless.

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