"...government decided you couldn't shelter your pre-tax retirement monies forever so

[Skidmore]

they created the required minimum distribution rule." Well, we were at the retirement fund office today trying to get a handle on this rule and were pleased to learn we could postpone dealing with this a little longer since my husband has elected to work until he is 75. I just choked inside because the total of what we have been able to put aside is less by far that minimum annual 1% income by far. I don't know how long we can get it to stretch. I do know that the thought of the whining of the 1% over taxes and their anxiety about tax shelters angered me. What constitutes the price of an expensive toy for them could easily mean the ability of someone of our means survive with the basics for a portion of the remainder of our lives. Why do people not get this?

[dkf]

1. All that means is you have to pay taxes on it.

You can still stick it away as savings.

[Skidmore]

2. How much income do the 1%ers not pay taxes on?

[HiPointDem]

3. +1

[dkf]

4. Then put it in muni bonds if you hate paying taxes so much.

It might not make sense at your tax rate but if you so dislike taxes then that works.

[shraby]

5. It's not the paying taxes on it, it's the draw-down. I don't like it either.