[GreenKeys] OT: RMDs

[Dave Horsfall]

On Mon, 6 Apr 2020, w9ddd at tapr.org wrote:

> It's a US scheme where they encourage you to save for retirement by not 
> taxing a small amount of your income (called pre-tax dollars).  Then 
> when you turn 70.5 years old you are required to take a minimum 
> (Required Minimum Distribution) amount out of the investments so they 
> can tax it.

My brain hurts...  I qualified for the age pension at 65.5 after being on 
the dole for a couple of years (I just made it in; the qualification age 
goes up as we live longer) and I'm living quite happily on it (my needs 
are simple).

> Of course through all this there are plenty of rules controlling the 
> money.

And various bodies taking their cut, of course; the wheels have to be 
greased somehow.

-- Dave VK2KFU