Instead of, or an parallel with, a program of Substantially Equal Periodic Payments, I am considering withdrawing funds from my IRA. A few points
- I am only 47, so I don't want to be locked into a 12 year schedule of SEPP's until I am 59.5
- My IRA portfolio has grown very well. I'm at 1.5 million, and that puts me well ahead of a schedule for retiring at 60
- I'll be paying income tax on the WDs anyway... is an additional 5% all that bad?
I wouldn't be spending these dollars foolishly and they would allow me to consider employment opportunities during semi-retirement, that may not pay what I make now, but are more enjoyable.
Thoughts?
- I am only 47, so I don't want to be locked into a 12 year schedule of SEPP's until I am 59.5
- My IRA portfolio has grown very well. I'm at 1.5 million, and that puts me well ahead of a schedule for retiring at 60
- I'll be paying income tax on the WDs anyway... is an additional 5% all that bad?
I wouldn't be spending these dollars foolishly and they would allow me to consider employment opportunities during semi-retirement, that may not pay what I make now, but are more enjoyable.
Thoughts?