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Required Distributions

 
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Bob



Joined: 02 Aug 2007
Posts: 1

PostPosted: Mon Sep 08, 2003 2:01 pm    Post subject: Required Distributions Reply with quote

I am trying to understand the Lifetime Planner at the
point when an individual reaches 70-1/2 in age and
Required Distributions go into effect.

I notice on the Summary Page of the year I turn 70-1/2,
the Withdrawal from savings is significantly higher than
what I calculate using the RMD Life Expentancy tables.
Also, in terms of what needs to be withdrawn from my
Retirement Accounts, do I add both the Pension dollars to
the Withdrawal from Savings dollars to come up with the
minimum required?

For example. I am withdrawing $43,000 from my portfolio
annually for living expenses. I notice that the Withdrawal
from savings amount is $90,000. Does this mean that the
minimum withdrawal was actually $133,000?

I would appreciate any information that would enable me to
understand how the Required Distribution sections of each
Summary year works...

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