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don't worry
Posted by money money (more from money money) on Fri, 25 Jul 2014 07:46:18
In Reply to: OT: The rapidly approaching ugly side of IRAs and like, MI-Roger [Profile/Gallery]
, Wed, 23 Jul 2014 18:16:20
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A lot can happen between 59 and the mid 90's. Don't worry about having to withdraw $300k per year. Inflation might be sky high by then. You might be considered the 1% and be taxed at punishing rates by then.
In short, don't worry.
But do worry that you name the right beneficiaries on the IRA. It makes no difference what is in your will. You must name the correct beneficiaries on each IRA account. Don't name your estate. Name your children or spouse....read up on this. You could even name your grandchildren but I don't know about the generation skipping taxes...need to read about this.
posted by 67.51.6...
Posts in this Thread:
- OT: The rapidly approaching ugly side of IRAs and like, MI-Roger , Wed, 23 Jul 2014 18:16:20
- Real or Nominal dollars?, RodM, Fri, 25 Jul 2014 11:41:27
- don't worry, money money, Fri, 25 Jul 2014 07:46:18 <-- Viewing This Message
- Stop working and start spending NOW !!, TKC, Fri, 25 Jul 2014 07:11:55
- Re: OT: The rapidly approaching ugly side of IRAs and like, larry byer, Thu, 24 Jul 2014 04:47:53
- Re: OT: The rapidly approaching ugly side of IRAs and like, larry byer, Wed, 23 Jul 2014 20:12:17
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