Marcretire
Dryer sheet aficionado
- Joined
- May 8, 2008
- Messages
- 32
Thanks, in advance, for your kind advice. At 52, I have left a career with $500,000 in an IRA, all of which is in the Vanguard Wellington fund, VWELX. It's unlikely I will find employment in my field and am seeking any sort of job, even if part-time. Most of my mortgage is paid off and the monthly coop maintenance fee is $350/mo. I have no credit card debt and no children. I'm not married.
I also have $150,000 cash in an ING savings account.
My question pertains to the scenario of retiring. If I were to combine the $500,000 from my IRA with the $150,000 in savings, for a total of $650,000, is a 72T distribution program a viable approach?
Thanks.
I also have $150,000 cash in an ING savings account.
My question pertains to the scenario of retiring. If I were to combine the $500,000 from my IRA with the $150,000 in savings, for a total of $650,000, is a 72T distribution program a viable approach?
Thanks.