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Lots more discussions planned Posted by MI-Roger [Email] ![]() ![]() In Reply to: Re: OT: The rapidly approaching ugly side of IRAs and like, larry byer, Wed, 23 Jul 2014 20:12:17 Members do not see ads below this line. - Help Keep This Site Online - Signup |
Trusts have been set up for years. At the time we were skeptical of their need but as the Planner's ideas have borne fruit over the past decade plus I now know why we were strongly encouraged to establish them.
I used the on-line RMD calculator from Schwab and I was also very surprised at the rapid growth of the RMD values (they start at a dollar amount that provides a comfortable retirement income at age 71) as well as the individual's age at expiration. Maybe the Schwab tool is flawed.
We started working with our Planner over 10 years ago when our debt nearly equaled our assets. We are now at the bubble point where we possibly could retire and be OK for the rest of our lives. Another ten years of work could push us well over that hurdle so I need to re-evaluate my end of career point.
_______________________________________ Saabs owned: 2008 9-5 Aero Sedan, sold at 227K miles 2006 9-3SC 2.0T - Wife's daily driver 2000 Viggen Convertible - Sold May, 2022 1964 Quantum IV Formula Car - Retirement project 2000 9-5lpt Sedan, sold at 318K miles
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