Conservative. Idaho. Software engineer. Historian. Trying to prevent Idiocracy from becoming a documentary.
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"And we know that all things work together for good to them that love God, to them who are the called according to his purpose." -- Rom. 8:28
Once you hit 73, you are required to take a certain amount out of your IRA or 401k every year. (The government taxes distributions from these accounts. You are not going to leave millions to your kids.)
This article at Motley Fool explains the math. This should not be a problem for me. I am taking out a bit more than that now for the Cadillac payments. At 73, I am not sure how much I will be able to enjoy spending silly amounts of money.
I converted my IRA into a Roth and avoided that whole mess.
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