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Minimum IRA Distribution
Old 08-03-2005, 03:45 PM   #1
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Minimum IRA Distribution

I realized you don't have to start taking IRA distributions until 70 1/2, but what if you have amassed a large portion of retirement savings in IRAs. This could really amount to one large tax bill if you wait until 70 1/2! We also have Roth IRAs, but in a much smaller amount. Anyone in this situation? Would it just be best to start taking out small amounts from the IRA every month?
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Re: Minimum IRA Distribution
Old 08-03-2005, 04:26 PM   #2
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Re: Minimum IRA Distribution

Ginger, the calculator at this site will show you how much to take out of each account every year to minimize your taxes:

http://www.i-orp.com/* *
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Re: Minimum IRA Distribution
Old 08-03-2005, 04:35 PM   #3
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Re: Minimum IRA Distribution

Thank you --- will check it out right now.
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