Re: 63 year old man and his IRAs

On Wed, 3 Dec 2003 04:10:58 CST, "_JP"
<[EMAIL PROTECTED]> wrote:

>The reason is, since he is going to be 70 soon (according to him, although I
>personally don't think 7 years is that "soon"), and that's the time IRS will
>"force" him to make withdrawals.  When the time comes, he will set up
>periodic withdrawal schedules for those three IRA accounts differently;
>fast, slow, and somewhere in between.  Therefore, he believes he should keep
>three different IRA accounts like now.

I don't see any problem with three different withdrawal amounts - as
long as the total amount withdrawn yearly is not less than the minimum
distribution required.


-HW "Skip" Weldon
 Columbia, SC