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Old 12-16-2020, 08:08 AM   #21
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Join Date: Mar 2011
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FWIW: We take our withdrawals from our IRA when the checking account gets low. Maybe $30-$50K at a time 3 or 4 times a year; as needed

This became a problem when we considered taking a small mortgage for our new house. (we decided to pay cash for the balance)

Seems that without a "regular, scheduled and formal" withdrawal program lenders don't care if you have several million NW, zero debt and an 825 credit score. Apparently not having a 'regular' income spooks them for some reason.

Spoke to my advisor at T Rowe and he said he runs into this all the time.

Other than that, I don't see any different on how one withdraws.
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Retired @ 52 in 2005
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