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Your procedure appears to be similar to the one set up by my 92 year old father.

Most of his money is now in his main account but he also still has money in his IRA. His bills are paid with a combination of Social Security and dividends and interest from his main account. Near the end of the year I take the cash that has accumulated in his IRA and transfer that plus enough stocks to meet the requirements of his RMD into his main account. However, his yield on his main account is about 3.6%, not 4%, continuing to drop because his high yield munis expire and there is nothing comparable to replace them with.

I still don't how a person could safely yield 4% in this economic environment.
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