How to Pay Yourself in Retirement
I'm pleased to have several quotes in Graham Ober's August 19, 2014 article on Nasdaq.com. Check out the full article here:
I'm pleased to have several quotes in Graham Ober's August 19, 2014 article on Nasdaq.com. Check out the full article here:
Question and background: I'm just about to turn 65 and have not worked for just over two years. I have about $400K in an IRA in addition to a couple of pensions and social security. How much can I draw down on the IRA to last until I am 90? I am drawing from two different pensions of $800 and $2000 per month. I am about to start taking Social Security of about $2300 gross. My wife is still working and will be for another year. She earns $12-20K per year. Is 90 a bit optimistic? Yes, but family history says plan on it.
Question and background: I'm married male 50 and have $500,000 in retirement accounts plus a paid off house. I also save an additional $25k that is added to retirement accounts each year. How much income I should expect from retirement accounts at age 65 and for how long?
Question: I am 67, self employed, still working but on a reduced schedule. My wife is 64, planning on working two more years. How should our assets be allocated, and what annual outlay should we expect to retire. Thank you.
Question and background: I must begin my RMD distributions this year. I have $700,000 in my IRA (traditional). It is divided into 3 Fidelity funds: FFFAX $400,000 (Income Fund), FFFCX $200,000 a 2010 Fund, FLPSX $105,000 (Low Price). Should I take the distribution equally from all 3 or take 100% from the income fund to let the others "grow"?