UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next
Author: MikeMiser Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 169  
Subject: Re: Naive question Date: 4/27/2012 9:26 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
This will depend greatly on your broker or fund manager. Most seem to take a portion from each fund based on how your funds are distributed. EG, Say you have Fund A= 50% Fund B=25% and fund C=25% of your money. A withdrawal of $1000 would come from Fund A- $500, Fund B-$250 Fund C-$250.
Many brokers allow you to specify so you can take it all from one fund if you wish. You need to check your account to know for sure.

Now another item 2 items to be concerned with.

RMD -Required Minimum Distributions. Check with the IRS website or your fund manager for the rules. Based on the total of all your 401K / IRA and your age. So much $ must be taken each year.

Fees- Some funds or brokers charge a fee for withdrawals. If yours does, minimize your fees by taking yearly or quarterly withdrawals rather than monthly.

YMMV - See you fund manager for specifics and rules.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next


Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
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.
Post of the Day:
Supernova Explorer 1

The Follies of Market Timing
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
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.