Require minimum withdrawals using
IRS life expectancy table. At 70 1/2 you are forced to withdraw the
minimum. Also now adds 10% withdrawal penalty for before 59 1/2.
Since the mortgage calcuator is so popular, here you'll find together a form that
does another calculation that is important, finding out how much to put
away tax deferred to get a certain amount of money in the future, and
how much you could expect to draw out of that money. Just put in some
numbers to see what I am talking about! |