Hello all,
It is a cool rainy day and I have nothing better to do than finalize how I am going to process my first RMD ($20,000). We are not talking big bucks and I'm not looking to find any exotic place for the funds, but thought I'd get some input from the experts here.
Me:$ 618,830 ( 60/35/5 )
Non-Taxable IRA $ 466,830
VDIGX -Dividend Growth - 210,330
VGSTX - Star - 132,500
VSCGX - Conservative Growth -124,000
Roth - $ 142,000
VSCGX Conservative Growth - 79,500
VDIGX Dividend Growth - 62,500
I Bond (1st 1/4 2022) 10,000
DW: $ 421,550 ( 50/45/5 )
Non-Taxable IRA $ 286,550 (RMD required in two years)
VSCGX Conservative Growth 109,000
VSMGX Moderate Growth 177,550
Roth $ 100,000
VGSTX 100,000
Money Market 25,000
I Bond ( 1st 1/4 2022) 10,000
Probably too much sitting in combined checking and savings accounts already: $ 35,000
No Debt, and between small pension and SS we have enough to cover all our regular expenses. We do travel when possible, but other than that we are set for our daily needs.
With the RMD our effective tax rate is 12.6% this year.
From where would you draw and where might I put the 20K?
Thanks!
jpjr
It is a cool rainy day and I have nothing better to do than finalize how I am going to process my first RMD ($20,000). We are not talking big bucks and I'm not looking to find any exotic place for the funds, but thought I'd get some input from the experts here.
Me:$ 618,830 ( 60/35/5 )
Non-Taxable IRA $ 466,830
VDIGX -Dividend Growth - 210,330
VGSTX - Star - 132,500
VSCGX - Conservative Growth -124,000
Roth - $ 142,000
VSCGX Conservative Growth - 79,500
VDIGX Dividend Growth - 62,500
I Bond (1st 1/4 2022) 10,000
DW: $ 421,550 ( 50/45/5 )
Non-Taxable IRA $ 286,550 (RMD required in two years)
VSCGX Conservative Growth 109,000
VSMGX Moderate Growth 177,550
Roth $ 100,000
VGSTX 100,000
Money Market 25,000
I Bond ( 1st 1/4 2022) 10,000
Probably too much sitting in combined checking and savings accounts already: $ 35,000
No Debt, and between small pension and SS we have enough to cover all our regular expenses. We do travel when possible, but other than that we are set for our daily needs.
With the RMD our effective tax rate is 12.6% this year.
From where would you draw and where might I put the 20K?
Thanks!
jpjr