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My husband wants to retire at 55. I will be our financial planner rolling his pension and 401k into a Vanguard IRA. We have done extremely well with our investments. My question is what is the formula to calculate his distribution if he retires before 59 1/2.
He will have about $700,000 to roll over. We would like to NOT touch the principle and only use capital gains and dividends to live on. Is this possible or does he have to take a certain percentage based on his age? We have no debt and can live extremely well on $50,000 a year. If no one has an answer where can I look for the information?
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