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Bill J.
Others are more current on this, but if you go the
"equal payments route" for withdrawals from your
IRA/401k there are a number of things to keep
in mind. First, you are committed to continue for
5 years or age 59, whichever comes last. I did
the same thing when I retired at 55 in '89. As it
turned out, the withdrawal rate was over 6% which,
as you know, exceeds the 4% most consider safe.
I think you can split your IRA and make the equal
payments on only part of the total. You could also
convert only part of your IRA to an immediate annuity.
I still think it is not wise to tap your IRA/401k prematurely. Many on this forum can and have
retired with less income than you project. It is
a matter of will. If you have the desire, you can
do it.
Cheers,
Charlie
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