Quote:
Originally Posted by Maxman
Thanks for all the great replies. We are meeting with a Realtor on Wednesday. The only problem that I foresee is that we have all of our money tied up in IRA's and will have to take out under the rule of 72T. This will make our income a little tight for 5 years. We are hoping to be able to get a little income from part time jobs in TV. If not we will just have to budget.  |
I used that rule when I was 53. I used the amortization method and got a lot more than if I used the minimum distribution. You have some leeway on your future expected rate of return.