Hi there.
I handle my moms account. She has an IRA which required by RMD she takes out ~$25,000 per year. She also has a personal taxable account. Stock portion is invested in ETF's and fixed income is split between CDs and Treasury Bills.
My question is she needs to withdraw ~$40,000 per year to meet expenses.
Should this be withdrawn from the IRA or the taxable?
Anyone have expertise or insight into this?
Thank you.
I handle my moms account. She has an IRA which required by RMD she takes out ~$25,000 per year. She also has a personal taxable account. Stock portion is invested in ETF's and fixed income is split between CDs and Treasury Bills.
My question is she needs to withdraw ~$40,000 per year to meet expenses.
Should this be withdrawn from the IRA or the taxable?
Anyone have expertise or insight into this?
Thank you.