The New Holistic Retirement | Mid-American Wealth

THE NEW HOLISTIC RETIREMENT • 65 pt hoet ehni gt ihael ,s tw. Ehiet nh etrhwe iary o, iwt cna nt amx ebarna cakbeitgs t amxi bg hi l tl fbo er my heirs. • Fr eomr at ihni isn ga nI aRl Ay s iasc, c Io’ vu en t a bs saul amn ec ed aarl le tpaaxieds wo nh e mn yI ph oa sl ds atwh eamy a ti na gteh en i nteatxy- .d Ieff emr rye dh e iarcsc oc ounntti nguoei nt og ff oo rl lwo wa ri dn ,g tahnea lsyist iusa, t ai osn t hi se ea vdedni t i ownoarls ei n vt he satnm et hnet earnings would also be taxed. Here’s what my analysis would show for my $700,000 IRA if I turned 65 today: RMD Analysis on Martin’s Qualified Accounts (with reinvested RMDs) IRA Value: $700,000

Assumed Tax Liability: 25% Pre-Tax Growth Rate: 5% Receive RMDs from Age 7 5 to Age 90, Per IRS Rules

Total Taxes Paid on RMDs

$ 262,392

Taxes Paid on Growth of Reinvested RMDs

$ 88,143

Taxes Paid by Heirs on Remaining IRA Value at Death (Age 90)

$ 234,054

TOTAL TAXES PAID

$ 584,589

Example shown for illustrative purposes only and is not guaranteed. Actual results may vary. That’s a total of $ 584 ,000 on my $700,000 IRA!

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