Quote:
Originally Posted by widgeon13
"My 401K accounts have bounce back but I doubt if I would ever touch that money."
What about required minimum distribution that you must take and pay taxes on at 70 1/2 years? Hopefully the government won't claim more than their share by then.
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By not touching that money, I meant I won't need to use it to live. Sure when the time comes, I'll have to take a distribution. But all that money will be for the wife and kids. I have enough income coming in monthly to pay my bills and save a little for the next big expense.