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My husband retired 7 yrs ago at age 52 and we had to roll over his IRA into stock. We invested approx. $247,000 in American Funds and annuities. We take out approx. $1,500 a month and now have around $395,000. First question do you think this has done alright? Second problem - Husband will turn 59 next week and we want to withdraw $140,000 when he is 59-1/2 to pay off the house and all bills so we can have more liquid assets. I know we will have a huge tax bill but will it be regular tax or capital gains or what? We have decided to take $70,000 this year and $70,000 next year will we have to fill estimated taxes? Thanks (this is my first time posting and as you can see I have lots of questions)
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