Ask Experts Questions for FREE Help !
Ask
    Alcar14's Avatar
    Alcar14 Posts: 1, Reputation: 1
    New Member
     
    #1

    Oct 24, 2007, 05:33 AM
    Retirement Withdrawals
    How does one calculate the min. amt. to be withdrawn each year?



    Thank you
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
    Expert
     
    #2

    Oct 24, 2007, 05:49 AM
    Are you asking about the minimum withdrawals from your IRA or 401(k) plan for people age 70-1/2 and older? See the table on this web page:

    IRA minimum distributions table

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

72T IRA Withdrawals [ 6 Answers ]

I have a friend who set up a 72T withdrawal account to make five substantially equal withdrawals within 5 years from his IRA since he needed the money and was not yet 59 1/2. He is desperately trying to avoid a tax penalty here for early withdrawal from his IRA if he violates the 72T rules. He is...

401K withdrawals [ 2 Answers ]

I am 50 Years old with a wife and 3 kids and in desperate need to update my house. I am considering a substantial withdrawal (over 100K) from my 401K that I have been contributing into for near 25 years. Question 1 - My company allows regular withdrawals of after tax contributions and associated...

401(K) and withdrawals [ 1 Answers ]

I just rolled over $250K into my new employers 401K plan. I am 56-1/2 yrs old. I want to take out about $100K to buy a principal residence. What tax implications will I face? How much taxes (if any) would I have to pay? Is there a dollar limit on what I withdraw from the 401K? Thanks...

IRA withdrawals [ 1 Answers ]

I have a 403B and I am over 59!/2. It is only earning 4% so I want to roll it over into a traditional IRA. I may be in a fairly high tax bracket at 70 1/2 . My question is: is there a way to reduce taxes on withdrawals at age 70 1/2 by investing in mutual funds instead of a Bank CD? I know the CD...


View more questions Search