We took our first withdrawal this year as hubby hit 59.5 last year, and next year will take it from my account after I reach that benchmark.
But going forward, for those married/partnered: I was curious if most of you withdraw in equal amounts from each retirement fund, draw proportionately, or how you work that. We have always had one checking account and both consider it "our" money- but I wonder if there are considerations we should be looking at.
We both have good longevity in our families, and are in relatively good health now at 60 and 59. But DH is on an assortment of meds and very likely could end up in a nursing home someday for various reason. We do not carry insurance for that and will self insure. My retirement funds are about 30% higher than his. Our "plan" is budgeted for him at age 94 and me at 97. Thoughts?
But going forward, for those married/partnered: I was curious if most of you withdraw in equal amounts from each retirement fund, draw proportionately, or how you work that. We have always had one checking account and both consider it "our" money- but I wonder if there are considerations we should be looking at.
We both have good longevity in our families, and are in relatively good health now at 60 and 59. But DH is on an assortment of meds and very likely could end up in a nursing home someday for various reason. We do not carry insurance for that and will self insure. My retirement funds are about 30% higher than his. Our "plan" is budgeted for him at age 94 and me at 97. Thoughts?