The Motley Fool Discussion Boards

Previous Page

Retirement Discussions / Retired Fools


Subject:  withdrawals Date:  11/25/2013  11:45 PM
Author:  eddietheinvestor Number:  18851 of 21407

I am 50 and have more than $200,000 in my 403(b). I expect to work another 15 years at least. I also have a lot of money invested in stocks and have about $60,000 in a Roth IRA. However, my wife and I live from paycheck to paycheck and can barely pay the bills. Some months I wonder if we will have the money to pay the bills, such as the electric bill or the property taxes And we have no emergency fund at all, and I need to repay a $5000 debt. I want to withdraw money to make sure we can keep paying the bills and to start an emergency fund. I am concerned about tax liability from the withdrawal Would it be best to sell stocks or withdraw money from my 403(b) or Roth IRA? Thank you.
Copyright 1996-2019 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us