No. of Recommendations: 0
The key here is that you plan to retire next year.
You are not old enough to start receiving social security.
The reason I have not touched my IRAs is that I'm still working and I'd have to pay a higher rate of tax on withdrawals than will be the case if I wait until either I retire, or age 70 1/2, whichever comes first.
Presumably your income in retirement will be some combination of withdrawals from your IRAs and withdrawals from taxable investment accounts. Later on, there will also be Social Security.
To start getting some of that money out of the taxfree accounts makes sense to me.
Best wishes, Chris
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.