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How do you choose which money to withdraw from investments on which to live? I don't have answers. I am very interested in a discussion of this kind in RYR.

Traditional wisdom says: "Avoid paying taxes as long as possible." Does this always make sense?

The situation. Early retiree with a mix of tax-deferred (401K and IRA)investments, a permanent non-taxable annuity (personal injury award) and investments held in discount brokerage accounts. Too young (61) to collect social security. No debts at all. Taxable income from dividends and small amount of consulting. Few "big" income tax deductions.

The questions are: 1)Should I draw down my regular accounts first and leave tax-deferred withdrawals until later? 2)What impact will those withdrawals have on social security payments?
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