My BS bucket it about to overflow & there's no way I'll make it to FRA! So I'm refocusing on a retirement in 3 years at age 60. Single with 1 dependent. Looking at savings & tightening budget.
PLAN: Delay SS until age 66-70, but will reevaluate yearly after age 62.
Ages 60-65 Keep withdrawals below limit to receive health care subsidy & still make some small conversions to Roth to reduce future RMDs.
Ages 65-70 Continue conversions to Roth to reduce future RMDs.
Age 70 and beyond - Income from SS & RMDs. Roth funds growing in reserve & available for long term health care or inheritance for daughter.
PROBLEM: Almost 100% of my retirement savings is in a 403b account with my employer. 100% tax deferred!!! Ugggg!!! Investment options are limited so I know that I need to move the funds elsewhere. I can do inservice distribution of 50% at age 59.5 & move remainder at retirement. Planning to use Vanguard. Want simplicity.
QUESTION: If you were retiring today & rolling 100% of your funds into a Vanguard IRA, what would you do?
Thanks for any advice!