I hate to sound stupid, never mind foolish, but what technique does one use to take, say a 5% payout from an IRA account. Lets assume I have 500,000.00 in a self-directed IRA and I have calculated that I can safely take 5% of it in a payout. It contains all equities. Do I sell 5% of the value at the begining of the year? Or do I sell 5% of the value each month? Sorry if I missed something in an article, but I can't seem to find this explained anywhere.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra