SecondCor521
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
My situation may be too singular to be relevant, but I've been taking out to the top of the 12% bracket and dumping the funds into a Schwab brokerage account. The account retains what we don't spend so has doubled over the last 3 years.
I've invested it in Vanguard Total World ETF and a few income and stock closed-end funds, with 20% in a short-term muni CEF (It's up about 10% in 2.5 years but did take a short-term hit in March) that I can cash out in an emergency and 20% in cash, so I've got about 40k in available cash for emergencies/large purchases.
The CEF distributions dump into cash, so the cash pile will grow, to the point I'll eventually start putting cash into another short-term bond or floating fund and then the ETF and a few more CEFs. This allowed me to do tax-loss harvesting in March where I sold several CEFs I had bought in previous year (at a loss) and immediately bought somewhat similar CEFs on my list. When I estimate taxes in December, I'll probably pull more money out of the 403b since the tax loss will allow me more withdrawal room up to the 12% tax line.
After I begin drawing SS in 4 years, I intend to contribute some excess funds to the grandson's college fund and increase charitable contributions.
Unless you have a need for those taxable funds or want more money in that pot, you might be better served by doing Roth conversions to the 12% bracket instead of withdrawals to the 12% bracket. You'd get tax-free growth but would of course lose the tax loss harvesting. Something to think about anyway; maybe you already have.