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I started funding it this year and I'm 2/3rd of the way done and pretty excited. What worries me more is what I don't understand about the way the Roth functions in retirement years when one can take out their holdings.

Is my understanding correct that if I were to have 500k for example at the age of 60, I could simply take the value or do I actually have to make trades in order to take out money from my Roth? I'm not including (but thinking about withdrawal rates and a certain income that I'd be taking out yearly hopefully 30-40k). I'm too young to really know my future needs but I would appreciate clarification for those in or nearing retirement who are making use of their IRA perhaps.

I would ask this same question to the folks that frequent the "Retired Fools" Board:

It is my understanding that you first determine what yearly percentage you want to take out of your IRA for living expenses; then sell some of your stocks/bonds to achieve that dollar amount; and then put that amount into a Money Market Account to draw on for the year. This procedure is repeated each year with adjustments for inflation.

At least that's my understanding of the process.

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