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Boating All Out wrote:
In article ,
says...
On Thu, 18 Jun 2015 07:04:57 -0700 (PDT), 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.
IRA and 410k is a time bomb. They let you accumulate this money tax
free but they are coming after it with a vengeance when you want to
spend it.
Currently they also tax 85% of your Social Security at ordinary income
rates if you are not living in poverty so that old saw that your tax
rate will be lower in retirement is simply bull****.,.

Er..my tax rate is considerably lower since I retired.
So it's not bull**** to me.
What you just said, OTOH...

When did you retire, Kevin?