Jump to content

Recommended Posts

 I'm fortunate in that I don't need my IRA or Roth for income.  I retired in 2013 and went to a capital preservation model intending to spend on travel, charities and big ticket items.  I also have 5 years of income in emergency funds.  I'm 69 and have no debts or heirs. What's the best way to draw down the IRA to put into my spending accounts. Is a monthly distribution better than a one time yearly.  Or should I convert some to my Roth?

 

Share this post


Link to post
Share on other sites
2 hours ago, lausdfred said:

 I'm fortunate in that I don't need my IRA or Roth for income.  I retired in 2013 and went to a capital preservation model intending to spend on travel, charities and big ticket items.  I also have 5 years of income in emergency funds.  I'm 69 and have no debts or heirs. What's the best way to draw down the IRA to put into my spending accounts. Is a monthly distribution better than a one time yearly.  Or should I convert some to my Roth?

 

What is the reason for wanting to move assets from your IRA to your spending account, if you don't need the income?  I would just convert traditional to Roth to the top of your current tax bracket, if you are in a lower bracket.

 

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

×
×
  • Create New...