I have been retired an using our taxable money to supplement ss and a pension. Need about 52K a year, ss+pension is around 38K.
Have over 700K in IRA and 401K.
Looking at the tax considerations:
It appear that if you stay under 65K then taxes are 10%.
Should I be taking some from the non taxables now and putting it in to a taxable account or just use up the taxable accounts and then start using the ira/401K.
What is the best way to lesson the tax burden ?
Have over 700K in IRA and 401K.
Looking at the tax considerations:
It appear that if you stay under 65K then taxes are 10%.
Should I be taking some from the non taxables now and putting it in to a taxable account or just use up the taxable accounts and then start using the ira/401K.
What is the best way to lesson the tax burden ?