soontobe2015
Dryer sheet wannabe
- Joined
- Jan 23, 2014
- Messages
- 14
Long time lurker. Seldom post. Here is our situation. We are married couple. Me 61 and DH 58. Both retired.
We have rental income that we currently live on as rentals are paid off.
I’m having trouble figuring out how and when to withdraw. In 9 years we will have RMD so I would like to withdraw 4% yearly and start paying the taxes.
What is your method?
Do you take it out all at once?
I am also on Boglehead forum and invested in Index funds. 50% bonds and 50% total stock market. My DH is nervous as we have always saved and never taken money out yet.
I’m also nervous but I do not want the DS and DD to benefit if we never withdraw any money.
Thank you in advance.
We have rental income that we currently live on as rentals are paid off.
I’m having trouble figuring out how and when to withdraw. In 9 years we will have RMD so I would like to withdraw 4% yearly and start paying the taxes.
What is your method?
Do you take it out all at once?
I am also on Boglehead forum and invested in Index funds. 50% bonds and 50% total stock market. My DH is nervous as we have always saved and never taken money out yet.
I’m also nervous but I do not want the DS and DD to benefit if we never withdraw any money.
Thank you in advance.