I was just wondering how most would view this situation....
Retiring with almost all of your money in an IRA or 401k... After you retire, would you only take out enough to cover your expenses to minimize taxes, or would you take out extra to build up some cash that has already been taxed? Assuming several years before required distributions.
I was thinking the latter, because of better liquidity, but I am not sure.
Retiring with almost all of your money in an IRA or 401k... After you retire, would you only take out enough to cover your expenses to minimize taxes, or would you take out extra to build up some cash that has already been taxed? Assuming several years before required distributions.
I was thinking the latter, because of better liquidity, but I am not sure.