My DW and I both have IRAs that are earning approx. 7%. I have a 403b that is earning approx 3%.
We have a projected monthly budget need (after Soc. Sec.) of $3000.
It seems obvious to me that when I retire (class of 2017), I should begin by withdrawing the full $3000 from the 403b account. Am I missing something?
That strategy seems too simplistic.
A follow-up question is this: Would this have to be readjusted when I reach 70 ½ years of age to make the RMD or can I continue drawing from the lower performing account as long as I still withdraw to that RMD threshold?
We have a projected monthly budget need (after Soc. Sec.) of $3000.
It seems obvious to me that when I retire (class of 2017), I should begin by withdrawing the full $3000 from the 403b account. Am I missing something?
That strategy seems too simplistic.
A follow-up question is this: Would this have to be readjusted when I reach 70 ½ years of age to make the RMD or can I continue drawing from the lower performing account as long as I still withdraw to that RMD threshold?