yidal8
Dryer sheet wannabe
I'm 61, have had my consulting business for the last 7 years that afford me to work part time, and make comfortable living and even put away $50-80k/yr. DW just retired, 59yo with small pension ($24k/yr). We have $4M investible assets: $900k cash, $400K in tax deferred (401k, IRAs)stocks and stock funds, $2.7M taxed acct in stocks. $70k dividends (currently re-invested) are taxed yearly. Plan to draw $22k SS each at 66-67yo.
Tracking for the last 5 yrs., expenses at $140 - 170k/yr. incl. taxes.
What should be the sequence of withdrawals if I would to wind down my consulting gig? Would like to cover at least $160k/yr of inflation indexed expenses.
We have no mortgage, no loans, everything paid for.
Thanks.
Tracking for the last 5 yrs., expenses at $140 - 170k/yr. incl. taxes.
What should be the sequence of withdrawals if I would to wind down my consulting gig? Would like to cover at least $160k/yr of inflation indexed expenses.
We have no mortgage, no loans, everything paid for.
Thanks.