Start a 72t to save on Tax's?
Retired 8/2013, and am now 55.
Have 500k in an IRA and 125k in a Roth IRA's.
I wont be needing the money anytime soon.
Might not ever actually need it to survive.
I have a pretty low tax base now, as I am able to
live on much less than when I was working.
(Just a little background info setting up for the question):
Would it be a good idea to do a 72T now and say pull
$20k a year out over say 25 years and pay less in Tax's?
And move it to a post tax account? Or wait? And have to take out
larger chunks down the road that might put me in a higher tax bracket?
Low risk low return investments, so I don't see a huge advantage in waiting.
"I couldn't wait for success, so I went ahead without it." Ret. 2013 @ 51.