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Weighing in with one more method, better late than never. :)
Old 04-27-2013, 11:56 AM   #21
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Weighing in with one more method, better late than never. :)

During the first week of every January, I withdraw the total that I plan to spend for that whole year, minus what is left over from the previous year. By "withdraw", I mean that I move this from Vanguard to my bricks-n-mortar bank. This method has two advantages for me:

1. This way I am sure I will not spend a penny more than planned, since this is the only withdrawal for the year; and,
2. This requires almost no work on my part.

This is not the brilliant investor's choice, most likely, but it is a method that seems tailor-made for someone like me. What I mean by that is that I'd probably make a little more, on average, if I withdrew more frequently. However, the simplicity of this (to me, foolproof) method is worth it to me.

I put the entire withdrawal into my savings account at my local bricks-n-mortar bank, and then move money to my checking account throughout the year. I don't spend anything until it hits my checking account so I don't spend too far ahead, this way.

"You can never cross the ocean until you have the courage to lose sight of the shore." - - - C. Columbus
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Old 04-27-2013, 12:06 PM   #22
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Join Date: Apr 2004
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Originally Posted by seraphim View Post
totally anal?

Give it to me straight - I can take it lol.

Do you want to re-word that?

I've been churning that withdrawal puzzle myself but only because RMD time is marching toward me and I gotta do it. I'm leaning towards taking my distributions on a quarterly basis but I can not tell you exactly why.

Stay tuned for a change to that idea.

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Old 04-28-2013, 06:55 AM   #23
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A bit of a guessing game, I suppose, depending on how the market performs at any given time.

Reminds me of when I set up RMDs for my wife's inherited IRA: the rep setting up the account asked me when we wanted to take our distributions.

Answer: when the share values are at their highest... Duh.

He got a kick out of that.

I settled for April 1st

"Growing old is no excuse for growing up."
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