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To: JDN who wrote (26732)	10/6/2007 3:38:19 AM
From: John Carragher	Respond to of 34894

all i have had to live on for last 12 years is the ira money. i started substantially equal payments to avoid 10% penalty ten years ago , now with soc soc at least i have some other income. Ira also allows me to determine my tax amount annually. I can withdraw heavy in one year and then not touch it for a couple of years avoiding any income taxes. Last year i qualified for low income rebate on property taxes. Other years no state income tax with rebate. I usually take ira withdrawals at year end, based on federal tax bracket. I plan to stay in 10/15% bracket if i can. then use regular account to handle larger bills that build up with substantial equal req. payments. all in all it is a major reduction to taxes for a the last few years. However i paid dearly during the early years. g if you have stocks in ira that are paying substantial dividends you end up paying taxes on those dividends whereas if you had them in regular broker account, no tax.