Quote:
Originally Posted by MplsPete
Is this beneficial?
For example, if the OP has, say, 3 million in various retirement accounts (not terribly unlikely) won't he eventually have to cash out 300k per year for RMD and pay the taxman?
(Asking more for me than thee.)
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RMD's are based on life expectancy. At age 73 you have to take out approximately 4% of the previous year end balance (based upon a 26.4 life expectancy) . The percentage goes up each year.
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Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence. John Adams
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