Quote:
Originally Posted by rubicon
We both maximize our 401k early on and after retiring moved them to an IRA At this point the only reason that we would withdraw from our savings is because the government requires it by 70.5 otherwise we would leave it intact for our children who will need it given what is going on now.
To each his own
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Might want to do a little research on the taxes your children will face if they inherit your IRA's. It might be better if you take more than the MRD out each year and pay the income tax on the distribution. Your children will have to start taking money from the IRA's and it will be taxable at their rate. Maybe subject to state taxes also.