almost there
Thinks s/he gets paid by the post
- Joined
- Sep 24, 2008
- Messages
- 1,023
I plan to start taking IRA distributions mid 2023. (finally)
Am going to keep it simple. After years or Roth conversions , will have $530k in my IRA. Plan to have a 5 CD ladder and will pull about $2600 a month for about 25 years. To stay in my desired tax bracket.
Have had both credit union CD's and Brokered CD's. And don't see any real advantage with one over the other. If held to maturity. Brokered CD's do react quicker to rates. Up and down. That might be a factor. Plan on having (5) 5 yr CD's. Take the interest and pull a small balance at maturity each year. To reach the monthly goal.
Am thinking about just going with brokered CD's to keep it simple and in one spot. Rather than having the funds in 2 or 3 places. Currently have a Charles Schwab brokerage account. But am guessing brokered CD's are probably all very close, regardless of brokerage. Or is there a stand out?
Anyone have anything to add? Advice etc.? Thanks...
Am going to keep it simple. After years or Roth conversions , will have $530k in my IRA. Plan to have a 5 CD ladder and will pull about $2600 a month for about 25 years. To stay in my desired tax bracket.
Have had both credit union CD's and Brokered CD's. And don't see any real advantage with one over the other. If held to maturity. Brokered CD's do react quicker to rates. Up and down. That might be a factor. Plan on having (5) 5 yr CD's. Take the interest and pull a small balance at maturity each year. To reach the monthly goal.
Am thinking about just going with brokered CD's to keep it simple and in one spot. Rather than having the funds in 2 or 3 places. Currently have a Charles Schwab brokerage account. But am guessing brokered CD's are probably all very close, regardless of brokerage. Or is there a stand out?
Anyone have anything to add? Advice etc.? Thanks...
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