CountryGal
Recycles dryer sheets
- Joined
- Jan 11, 2016
- Messages
- 235
Hi all,
We should be withdrawing from our accounts in about a year and I am wondering how we do it. The main question is, if we want to withdraw 2% or 4% from our accounts, do we take the same percentage from every account or is it ok to just pick an account and take x% that = the percentage from all the accounts? Also, Hubby is 66 and I am late 50's, so I am thinking we work on his 401k first. Here are some numbers just as an example:
500K Husband 401k
500K My 401 K
100K Husband IRA
50K Me Taxable account (bonds)
100k CDs.
So total savings of $1,250,000. Is it ok to take $50,000 (4%) from hubby's 401k? If not, what is the best way to structure a withdrawal.
TX!!
We should be withdrawing from our accounts in about a year and I am wondering how we do it. The main question is, if we want to withdraw 2% or 4% from our accounts, do we take the same percentage from every account or is it ok to just pick an account and take x% that = the percentage from all the accounts? Also, Hubby is 66 and I am late 50's, so I am thinking we work on his 401k first. Here are some numbers just as an example:
500K Husband 401k
500K My 401 K
100K Husband IRA
50K Me Taxable account (bonds)
100k CDs.
So total savings of $1,250,000. Is it ok to take $50,000 (4%) from hubby's 401k? If not, what is the best way to structure a withdrawal.
TX!!