I’m 46 and I’ve reached my number, although I continue to work part time. My hope is that when I finally pull the trigger (likely within the next one to two years) I’ll be able to live off dividends instead of withdrawing from non retirement funds. To do this I would need access to my retirement account dividends penalty free. The only way I can think of to do this would be to utilize 72t, but can I even do this for retirement dividends and at age 47/48? Is there a better way to access retirement account dividends?
My other concern with accessing these dividends is that it will significantly increase my income vs cashing out from non retirement accounts, thus pushing my MAGI above threshold to qualify for ACA. Anyone else experience that?
Thanks for any input/advice.
My other concern with accessing these dividends is that it will significantly increase my income vs cashing out from non retirement accounts, thus pushing my MAGI above threshold to qualify for ACA. Anyone else experience that?
Thanks for any input/advice.