Red Badger
Thinks s/he gets paid by the post
Hi all.
As mentioned a few times, we are recently retired. Prior to retirement, I structured our stuff as follows:
12-18 months cash
FIDO Stuff - 2-3 years in stable value fund and the balance in 60/40 equities/bonds (index funds, baby!) . My plan was to use cash and to siphon off some the stable value funds until SS kicks in (<2 years) and let the rest of the portfolio flow with market whims.
So, upon retirement, I took a minimum ($500) distribution just to ensure the transaction would hit my credit union without any SNAFU or FUBAR situations. Good news - no issues - took about 4-5 days.
Question. is there a way with FIDO to only pull $$ from one fund? In my case, it would be the SV fund. I did not see any option on the FIDO web site and the initial transaction pulled equal percentages from my 5 funds. I can re-balance prior to taking a distribution, but by then, I'd have my shoes and socks off, having run out of fingers long ago.
I haven't called FIDO yet - they might try to sell me some managed crap. Ergo, my shout out here. Thanks in advance for any insights.
As mentioned a few times, we are recently retired. Prior to retirement, I structured our stuff as follows:
12-18 months cash
FIDO Stuff - 2-3 years in stable value fund and the balance in 60/40 equities/bonds (index funds, baby!) . My plan was to use cash and to siphon off some the stable value funds until SS kicks in (<2 years) and let the rest of the portfolio flow with market whims.
So, upon retirement, I took a minimum ($500) distribution just to ensure the transaction would hit my credit union without any SNAFU or FUBAR situations. Good news - no issues - took about 4-5 days.
Question. is there a way with FIDO to only pull $$ from one fund? In my case, it would be the SV fund. I did not see any option on the FIDO web site and the initial transaction pulled equal percentages from my 5 funds. I can re-balance prior to taking a distribution, but by then, I'd have my shoes and socks off, having run out of fingers long ago.
I haven't called FIDO yet - they might try to sell me some managed crap. Ergo, my shout out here. Thanks in advance for any insights.