TwinkleToes
Dryer sheet wannabe
- Joined
- Sep 1, 2016
- Messages
- 12
So, I feel kind of stupid asking this question because I'm sure it's here somewhere, and, of course, everyone has such different circumstances, but how do you set up withdrawals from your traditional IRA to fund your retirement? There is all kinds of information out there for accumulating money but I can't find that much on how to set up a regular means of taking it out. I'm happy to read and study if someone has some good resources. I have read some stuff and it gets really complicated with tax considerations and types of funds.
By the way, we are only barely "early" retirees. DH was laid off at 64 and never found another job -- he is now almost 70. I am 64 and have just transitioned to part-time so I'm now semi-retired. So in a year or maybe less, we will have to set up something so we get a certain amount either annually or monthly. We are invested at Vanguard and Fidelity (my 401k).
Any advice or examples of you do?
By the way, we are only barely "early" retirees. DH was laid off at 64 and never found another job -- he is now almost 70. I am 64 and have just transitioned to part-time so I'm now semi-retired. So in a year or maybe less, we will have to set up something so we get a certain amount either annually or monthly. We are invested at Vanguard and Fidelity (my 401k).
Any advice or examples of you do?