How Can We Help?
< Back
You are here:
Print

is this a valid start up- 72t

Posted
Last Updated On
ByDon

L1: is this a valid start up- 72tThis site has been very helpful!
I am 46 years old, have retired 2 years ago, all my income is tax free muni’s. I have split my IRA into 2 accounts at this point. The balance in the account I am going to use is $307,605. Are my two option below valid? or is there something wrong with my plans?
1) 4.10% rate,using single life, fixed amoritation method = $16,129.00
2) 4.50% rate, using single life, fixed amoritation method = $17,059.002005-11-08 13:01, By: Don, IP: [69.251.152.161]

L2: is this a valid start up- 72tDon:
Please tell me that your IRA’s are NOT funded with muni bonds.
Jim2005-11-08 13:45, By: Jim, IP: [70.184.1.35]

L2: is this a valid start up- 72tNo, there are no muni’s only stocks, cd’s and corporate bonds.2005-11-08 14:19, By: don, IP: [69.251.152.161]

L2: is this a valid start up- 72tHello Don:
Your math is correct but your plan may not be; e.g. your math if fine for IRS purposes but does the plan really fit your needs. Once started you are essentially committing to a 14 plan & lots can happen in 14 years.
I would strongly urge you to seek professional help to map out multiple options before you begin.
TheBadger
wjstecker@wispertel.net
2005-11-08 19:06, By: TheBadger, IP: [66.250.23.21]

L2: is this a valid start up- 72tBadger
I have $40,000 in cash and get $18,600 in fixed interest every year. If any thing was to happen I could go to min requirement method and start up deductions on my other Ira account. What are your thoughts on my back up plan? 2005-11-09 12:49, By: Don, IP: [69.251.152.161]

Table of Contents