Hi, at 7% for three years on 800,000 you be at 980,000
NOw, let me get the Required Minimum Distribution (RMD)
Questions: Will your 70th birthday be before Jun 30th or .. on or after July 1st?
OK, I still don't see you coming into the chat here, Using the US govt agency FINRA Calculator for this at http://apps.finra.org/Calcs/1/RMD and assuming a birthday BEFORE June 30th the number is XXXXX follows:
If your birthday is XXXXX or after, so that you don't start taking the distribution until age 71, the RMD is $30,188.68.
Here's an excellent calculator for this:http://www.bankrate.com/calculators/retirement/ira-minimum-distribution-calculator-tool.aspx?ec_id=m1116001m1117335&ef_id=Udjg1wAAADhW2S09:20130923145657:s
I still don't see you coming into the chat session, so I'll move us to the "Q&A" mode. … Maybe that will help … (We can still continue a dialogue there, just not in real-time chat, as we can here)
Please let me know if you have any questions as all ...