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- The CDs and U.S. Treasuries originally set aside for unexpected
needs in 2005 are depleted.
- Since Beth is now age 71, she must begin distributions from
her IRA and 401(k). Beth selects to receive the minimum amount.
Beth uses the minimum distributions to purchase CDs to have
on hand for unexpected needs.
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Social Securities and pension income continue to fund current
needs.
- The cash originally allocated for current needs in 2005
has also run out.
- Beth draws a small lump sum from her IRA and purchases an
annuity to provide another monthly income stream to pay for
current needs.
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