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posted to rec.boats
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external usenet poster
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First recorded activity by BoatBanter: Dec 2014
Posts: 5,832
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IRA Required Minimum Distribution...
On 6/18/15 10:04 AM, wrote:
On Thursday, February 13, 2014 at 8:01:12 AM UTC-5, John H. wrote:
...calculation is very simple. Get the total value of your IRA's (not Roth) as of the end of the
previous year, divide by a number provided in the IRS table, and that's your minimum distribution.
Then give it to your kids as a Christmas present, minus the taxes you'll owe on it.
Simple, huh?
Or you could get involved in another hobby. Or buy some more guns, or maybe a motorcycle.
So, all you youngsters have nothing to fear. Don't pay some CPA guy to do your taxes for you.
Why can't the Gov't just stay the hell out of our lives? Are they worried we will die with all that money in an IRA and they won't get their taxes? Wouldn't an inheritance tax be bigger?
What a total waste of time and effort on everyones part.
If the government had stayed out of the lives of several posters here,
they would have been in the ranks of the chronically unemployed.
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