Let’s reflect on this

“A reader asks: I’m 65 years old and have retired. I have a pretax amount of $900,000 in a fixed annuity paying 4.5% interest, $3.5 million in an IRA and $270,000 in a Roth IRA and a few other assets.

I’m told I’m going to have a disaster when I am required to take a minimum amount of withdrawal from my retirement accounts every year starting at age 72. What can I do to avoid the nightmare?”

https://www.marketwatch.com/story/im-65-with-more-than-5-million-saved-and-i-cant-figure-out-how-to-spend-it-fast-enough-to-avoid-an-rmd-disaster-eed6d9a7?mod=taxes-retirement

Define “disaster”

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