Hello all,
I've been on and off the forum for years, mainly off. My wife passed away about 4 years ago, at which time I took about 3 years off work to focus on raising my daughters.
Fast forward to now, I'm re-married, have been back in the engineering workforce for a year, and am ready to chuck-it once again.
My question is, I'm 52 and have liquid savings to carry me through the next several years.
I could either:
1. Live off liquid as long as possible before queueing up a 72(t)
2. Start the 72(t) now, live off it and liquid savings until 59.5
My thoughts are to delay 72(t) as long as possible in order to maximize portfolio growth, but then on the flipside there's a risk that down the road, things have changed and my 72(t) amount available is significantly smaller.
Firecalc tells me I'm good for a 35 year time frame given my portfolio, spending, and social security projected, so in the grand scheme of things I'm not concerned; just thinking of the mechanics of how I structure it.
Thoughts appreciated.
- John
I've been on and off the forum for years, mainly off. My wife passed away about 4 years ago, at which time I took about 3 years off work to focus on raising my daughters.
Fast forward to now, I'm re-married, have been back in the engineering workforce for a year, and am ready to chuck-it once again.
My question is, I'm 52 and have liquid savings to carry me through the next several years.
I could either:
1. Live off liquid as long as possible before queueing up a 72(t)
2. Start the 72(t) now, live off it and liquid savings until 59.5
My thoughts are to delay 72(t) as long as possible in order to maximize portfolio growth, but then on the flipside there's a risk that down the road, things have changed and my 72(t) amount available is significantly smaller.
Firecalc tells me I'm good for a 35 year time frame given my portfolio, spending, and social security projected, so in the grand scheme of things I'm not concerned; just thinking of the mechanics of how I structure it.
Thoughts appreciated.
- John