Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Books on Strategies for Withdrawals
Old 04-10-2013, 01:07 PM   #1
Recycles dryer sheets
 
Join Date: Feb 2011
Posts: 119
Books on Strategies for Withdrawals

HI,

I looked around but couldn't find it. Are there any recommendations for books on strategies for withdrawing monies needed during retirement? I feel like I have put so much focus on how to accumulate funds and now I need to be sure I can get educated on the withdrawals of funds effectively.

TIA
__________________

__________________
SoReady is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 04-10-2013, 01:18 PM   #2
gone traveling
 
Join Date: Mar 2007
Posts: 559
Quote:
Originally Posted by SoReady View Post
HI,

I looked around but couldn't find it. Are there any recommendations for books on strategies for withdrawing monies needed during retirement? I feel like I have put so much focus on how to accumulate funds and now I need to be sure I can get educated on the withdrawals of funds effectively.

TIA
unless you need the money i would just keep withdrawing the minimum.
__________________

__________________
gerrym51 is offline   Reply With Quote
Old 04-10-2013, 01:32 PM   #3
Thinks s/he gets paid by the post
walkinwood's Avatar
 
Join Date: Jul 2006
Location: Denver
Posts: 2,676
I don't have a book to recommend, but the topic has been discussed here multiple times.

I found these threads, but there are many others - I remember a post by Audrey recently on her methodology, but I can't find it right now.

Withdrawal Strategy Thoughts..Comment?

Asset Class Withdrawal Timing Strategies

Tax Efficient Withdrawal Strategies
__________________
walkinwood is offline   Reply With Quote
Old 04-10-2013, 01:37 PM   #4
Thinks s/he gets paid by the post
heeyy_joe's Avatar
 
Join Date: Nov 2012
Location: Madeira Beach Fl
Posts: 1,403
Not sure if a book is gonna ring the bell for you. Any strategy would be highly dependent upon the situation. Age, health care, present income stream, asset allocation, and expenses must all be considered. Many people like to have available funds outside of a tax shelter (401K,IRA) in order to control taxable income. This may be very important to anyone ER that will be buying insurance via PPACA.
__________________
_______________________________________________
"A man is a success if he gets up in the morning and goes to bed at night and in between does what he wants to do" --Bob Dylan.
heeyy_joe is offline   Reply With Quote
Old 04-10-2013, 03:55 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
 
Join Date: Jan 2008
Location: Chicagoland
Posts: 11,977
I have this one, and it's good, but not for the faint of heart. And the current almost unprecedented low (cash) interest-bond yield environment turns a lot of the conventional thinking re: retirement income strategies on it's head...

__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 60% equity funds / 35% bond funds / 5% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
Midpack is offline   Reply With Quote
Old 04-10-2013, 05:59 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
braumeister's Avatar
 
Join Date: Feb 2010
Location: Northern Kentucky
Posts: 8,610
If you're interested in becoming a member, AAII.com has a number of good articles on the subject.
__________________
braumeister is offline   Reply With Quote
Old 04-10-2013, 06:04 PM   #7
Thinks s/he gets paid by the post
David1961's Avatar
 
Join Date: Jul 2007
Posts: 1,076
You may want to check out "Work Less, Live More" by Bob Clyatt. I have also learned a lot from some of the threads on this board.
__________________
David1961 is offline   Reply With Quote
Old 04-10-2013, 06:22 PM   #8
Full time employment: Posting here.
dtbach's Avatar
 
Join Date: Apr 2011
Location: Madison
Posts: 752
Take 4% a year out. That seems to be the current thought. It's as good a guess as any. If you have kids, mortgage and other deductibles take out of trad IRA, if not maybe ROTH IRA and taxable.

Otherwise pay your tax accountant to help.
__________________
Wild Bill shoulda taken more out of his IRA when he could have. . . .
dtbach is offline   Reply With Quote
Old 04-10-2013, 07:57 PM   #9
Recycles dryer sheets
 
Join Date: Jul 2004
Posts: 430
In the middle of reading a very good book (I'm reading the Kindle version):

Money for Life: Turn Your IRA and 401(k) Into a Lifetime Retirement Paycheck: Steve Vernon: 9780985384609: Amazon.com: Books

He goes into several strategies about how to tap into your savings. Very easy read.
__________________
gindie is offline   Reply With Quote
Old 04-10-2013, 08:42 PM   #10
Recycles dryer sheets
racy's Avatar
 
Join Date: May 2007
Posts: 481
Vanguard has a research paper that may be of interest:
https://personal.vanguard.com/pdf/s557.pdf

Here's a quote:
Finally, in most cases, taxable investors should plan
to spend from their assets in a particular order:
first, required minimum distributions from tax-deferred
accounts (if applicable); second, taxable assets; third,
tax-deferred assets; and finally, tax-free assets
__________________
The Big Lebowski: Are you employed, sir?
The Dude: Employed?
racy is offline   Reply With Quote
Old 04-11-2013, 12:42 AM   #11
Full time employment: Posting here.
Tyro's Avatar
 
Join Date: Aug 2012
Location: Upstate
Posts: 699
Quote:
Originally Posted by walkinwood View Post
I remember a post by Audrey recently on her methodology, but I can't find it right now.
http://www.early-retirement.org/foru...ml#post1283311 ?

Bogleheads also has a lot on this topic: Withdrawal Methods - Bogleheads

Some of the online retirement planners (e.g The Flexible Retirement Planner | A free online retirement calculator based on Monte Carlo Simulation ) recommend combinations of taxable/deferred/taxfree that, in some cases, can make a nest egg last longer than traditional order.

HTH,

Tyro
__________________
Yeah well, that's just, ya know, like, your opinion, man. ~ The Dude
Tyro is offline   Reply With Quote
Old 04-11-2013, 05:03 AM   #12
Thinks s/he gets paid by the post
 
Join Date: Mar 2009
Posts: 1,437
I believe the game is changing regarding w/d strategies. Taxes and healthcare are two areas where new plans may be needed. I may take more or less than a given percentage to fill out a tax bracket or group expenses in a particular year. Although I may take more than 4% out that does not mean that I will spend the withdrawal.
I doubt there are currently any books that would give an accurate picture of the current situation.
__________________
Retired in 2016. Living off dividends / interest and a mini pension. Freedom.
foxfirev5 is offline   Reply With Quote
Old 04-11-2013, 07:25 AM   #13
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 16,484
Quote:
Originally Posted by Tyro View Post
It's just a fixed % of start of year (end of prior year) portfolio value strategy. Nothing fancy. The post just goes into the mechanics.

Thanks Tyro
__________________
Well, I thought I was retired. But it seems that now I'm working as a travel agent instead!
audreyh1 is online now   Reply With Quote
Old 04-11-2013, 06:25 PM   #14
Thinks s/he gets paid by the post
walkinwood's Avatar
 
Join Date: Jul 2006
Location: Denver
Posts: 2,676
Quote:
Originally Posted by audreyh1 View Post
It's just a fixed % of start of year (end of prior year) portfolio value strategy. Nothing fancy. The post just goes into the mechanics.

Thanks Tyro
I think it is the mechanics that cause some unease as the ER date approaches and I thought you did a great job describing them.
__________________
walkinwood is offline   Reply With Quote
Old 04-11-2013, 10:05 PM   #15
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 16,484
Quote:
Originally Posted by walkinwood View Post
I think it is the mechanics that cause some unease as the ER date approaches and I thought you did a great job describing them.
Thank you.
__________________
Well, I thought I was retired. But it seems that now I'm working as a travel agent instead!
audreyh1 is online now   Reply With Quote
Old 04-12-2013, 01:03 AM   #16
Full time employment: Posting here.
Tyro's Avatar
 
Join Date: Aug 2012
Location: Upstate
Posts: 699
I just hope it was the post walkinwood was referring to (hence my "?"). I recalled it myself, and it was easy for me to find because I keep a OneNote page of articles, links, & notes about various withdrawal methods, strategies, tactics, etc.

Tyro
__________________

__________________
Yeah well, that's just, ya know, like, your opinion, man. ~ The Dude
Tyro is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 11:14 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.