Message Font: Serif | Sans-Serif
No. of Recommendations: 0

... if I decided I wanted to draw 50,000 per year for the 5 years can I set up an IRA with 250,000 and draw from that one and not touch the others?

You're on the right track, if you have something like $750,000 total in the set of IRAs -- i.e., 500,000 in the ones you're "not touching". I didn't run any numbers for that estimation -- just took a shot at it.

For example, if you had $2 million, you could move $$ around and designate just the $250,000 and the $500,000 as the ones for the 72(t), and let the other $1,250,000 grow independently.

I know of two good links -- <> and <>

IMHO, both are required reading/visiting for someone in your situation and with your questions.

Good luck,
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.