If you have a traditional (i.e. deductible) individual retirement account (IRA), you may wonder how much you’ll have in it when you die for legacy purposes. You must constitute minimum required distributions (MRDs), however if you restrict your withdrawals to these minimums, I can give you an thought. I’ll assume that you constitute it to 70 years of age, you’re the owner of your IRA, and you’ll withdraw your yearly MRD starting at age 70.
Tags: | investing | growing up | thoughts |
May 12, 2011
How Will a Retiree’s IRA Value Change While Taking Out the Minimum Each Year?
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