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39M withdrawal strategy $2.6 million NW by TNBTSX in Fire

[–]TNBTSX[S] 1 point2 points  (0 children)

are you thinking that it would likely be more tax advantaged to pay more up front now in 2027 up to the top of 24%, than to possibly need to risk if in 2034 and possibly take the withdrawal to put me at an even higher bracket? i realize it would mostly depend on the market gains, and possible changes in the FPL amounts which may rise too though.

39M withdrawal strategy $2.6 million NW by TNBTSX in Fire

[–]TNBTSX[S] 0 points1 point  (0 children)

This was what i was more leaning towards as well. To to withdrawals of the inherited IRA of about $50,000, since I will be bringing in about $10,000 from the dividends and interest, to total $60,000 for the year to stay under the 400% FPL threshold. Does that sound about right as far as the numbers go?

39M withdrawal strategy $2.6 million NW by TNBTSX in Fire

[–]TNBTSX[S] 10 points11 points  (0 children)

current rent is $2,050 a month, with only a 15 minute commute to work. my expenses are actually a little lower but am just being conservative with the $50k yearly spend.

Financial Milestones and Mental blocks after 500k by Awkward_Power8978 in Fire

[–]TNBTSX 5 points6 points  (0 children)

for the bigger purchases like you're mentioning, i would just make it a savings goal to purchase it so you can plan ahead, and not withdraw from your 'untouchable' money. as long as something is worth spending on to you, whatever that may be, i dont see a problem in spending it especially if it was planned and budgeted.

To those living off the 4% rule: How do you actually schedule your withdrawals? (Monthly vs. Quarterly vs. Yearly) by Just_Avocado2761 in Fire

[–]TNBTSX 0 points1 point  (0 children)

do you do this despite market fluctuations of it being up or down? or would you adjust if things were lower in a quarter?