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To: CommanderCricket who wrote (88341)7/29/2007 9:32:09 AM
From: Bearcatbob  Respond to of 206325
 
My only input on IRA story is to consider playing the risky stocks in your regular street account. You definitely want to be able to get a tax loss on loosers.



To: CommanderCricket who wrote (88341)7/29/2007 6:19:42 PM
From: maverick61  Read Replies (1) | Respond to of 206325
 
At 45, my options are limited even with a hefty IRA so I have to pay closer attention to the cash accounts and taxes

CC - I am roughly the same age and also have a substantial IRA (its where I do most of my shorter term trading in). My plan when I retire in 4 to 5 years (at 50) is to start a systematic withdrawal program from the IRA that Wyatt discussed. Basically substantially equal payments over my projected life so as not to generate penalty's and excess taxes.

The plan will be to live off these withdrawls, while keeping my non-IRA funds invested. This will let me draw down my IRA in smaller amounts each year, while providing a nice amount to live off of with the non_IRA funds there as a fallback