Age 70.5 and Required Minimum Distribution Affecting Retirement Accounts

Home › Groups › misc.invest.financial-plan › Age 70.5 and Required Minimum Distribution Affecting Retirement Accounts › Age 70.5 and Required Minimum Distribution Affecting Retirement Accounts

Path: nemesis.news.neostrada.pl!atlantis.news.neostrada.pl!news.neostrada.pl!newsfeed
.neostrada.pl!newsfeed01.sul.t-online.de!t-online.de!news.germany.com!postnews.
google.com!news2.google.com!Xl.tags.giganews.com!border1.nntp.dca.giganews.com!
nntp.giganews.com!local02.nntp.dca.giganews.com!news.giganews.com.POSTED!not-fo
r-mail
NNTP-Posting-Date: Sun, 05 Oct 2008 10:10:06 -0500
Return-Path: <m...@a...algebra.com>
X-MIFP-Policy: http://stump.algebra.com/~mifp
X-MIFP-Info-1: Send submissions to m...@s...algebra.com
X-MIFP-Info-2: Send complaints to m...@s...algebra.com
X-Comment: moderators do not necessarily agree or disagree with this article.
X-Robomod: STUMP, i...@a...com (Igor Chudov), C++/Perl/Unix Consulting
X-Moderation-1: Hassle-Free commercial hosting of moderation sites available
X-Moderation-2: See http://www.algebra.com/~ichudov/stump
Date: Sun, 5 Oct 2008 10:00:29 -0500
From: zkeith <z...@o...edu>
Newsgroups: misc.invest.financial-plan
Subject: Age 70.5 and Required Minimum Distribution Affecting Retirement Accounts
Organization: http://groups.google.com
Message-ID: <f...@u...googlegroups.com>
Mime-Version: 1.0
Content-Type: text/plain; charset=ISO-8859-1
Content-Transfer-Encoding: 7bit
X-Complaints-To: a...@g...com
Complaints-To: g...@g...com
Injection-Info: u28g2000hsc.googlegroups.com; posting-host=74.195.233.112;
posting-account=b1l1UQoAAABd5AvQ-Ug5H7SuOH2o0gL7
User-Agent: G2/1.0
X-HTTP-UserAgent: Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.3)
Gecko/2008092414 Firefox/3.0.3,gzip(gfe),gzip(gfe)
FromStump: yes
Approved: MIFP Approval Key <m...@s...algebra.com>
X-Auth: PGPMoose V1.1 PGP misc.invest.financial-plan
iQBVAwUASOjWjfl/I4+O31e5AQHtEAH9G6tfs86GVQvB4kmaB2m1sNO3gJUo8BQE
hmcYGaNpAUCAx5/opmdhnHwV2sODskL3jxMQe7ZZxHEWKLCZ6fKuoA== =FvDE
Lines: 21
X-Usenet-Provider: http://www.giganews.com
X-Trace: sv3-Oywk/KuWFGP8xI7aEGM04dK8/dJ7kJsts3PbfDBO1Hh5oMn6VJETCaR/gGLlutJ8MMfrqcdC
4Rj8Y+J!vp0kqjPn4IAIZJHL4Rgp9whbEhUDAzBbyImqOOWflM8rRf4be+our4IE+3q/lq7H3XBP
jjzaGaGU!WaluEk4roFsrxU7mDfgNDpwRIGs=
X-Complaints-To: a...@g...com
X-DMCA-Notifications: http://www.giganews.com/info/dmca.html
X-Abuse-and-DMCA-Info: Otherwise we will be unable to process your complaint properly
X-Abuse-and-DMCA-Info: Otherwise we will be unable to process your complaint properly
X-Postfilter: 1.3.39
Xref: atlantis.news.neostrada.pl misc.invest.financial-plan:38726
Hide headings

Approximately 20 years ago (I think it has been that long), Congress
changed the maximum age to begin RMD from 75 to 70.5. Now that so
many individuals have found their retirement accounts shrinking, I
wonder whether it might not be advantageous for the age to begin RMD
to be put back at 75 so that people have a longer time for their
retirement accounts to recover before having to take the required
distribution. Being forced to take the RMD from an account that has
less value in it than the original and subsequent investments results
in a real loss. I can think of no real disadvantage to either the
retiree or the U.S. Treasury for moving it back to 75. I suspect the
age was lowered to force retirees to begin spending their retirement
money earlier (and perhaps not "skimp" so long).

--------------------------------------
Misc.invest.financial-plan is a moderated newsgroup where Moderators strive
to keep the conversations on-topic for financial planning. Other posting
guidelines include a request for brevity and another for trimming posts to
which we respond. For all of the other tips and suggestions, see "FROM THE
MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the
Newsgroup.