Is there information available to determine the best way(s) to utilize assets from both IRA and non IRA sources during the early stages of retirement?
Take a look at http://www.i-orp.comIt's a great retirement planner and shows how to spend your before tax, after tax and Roth IRA's to make it last. I think it's one of the best calculators available.Good luck and Happy Holidays.Jim
To FLABUCKEYEThanks for the heads up. Looks like a reasonable place to start.
As a general axiom, it is wise to look at your financial plan and, as best possible, exhaust your 401k/IRA assets first and your after-tax assets second; however, this is all secondary to making your assets provide the income stream you need.IMHO, you should visit www.soapbox.com and view a variety of reports; particularly mine on "substantially equal periodic payments" which discusses how to make 401k/IRA withdrawals before the age of 59 1/2 without penalty.TheBadger
I am recently retired, and am somewhat baffled by this statement:"exhaust your 401k/IRA assets first and your after-tax assets second"Without doing any detailed analyses, I've been thinking I should spend first from investments that are not tax-deferred, allowing IRAs and my 403b portfolios to continue compounding tax-free until I have to start mandatory distributions. What is wrong with my logic?
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