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Strategies & Market Trends : Dividend investing for retirement

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To: Steve Felix who wrote (26229)	1/2/2017 4:05:47 PM
From: E_K_S	Read Replies (1) of 34328

What's your first year for taking withdraws and how much? I read somewhere that you want to limit your withdraws to 4% per year but I have not paid too much attention this yet. Many of the retirees I talk to is they can not spend fast enough on what they have and their current income (so far) is more than sufficient to meet their current needs. So, at what age do you plan take withdraws and is that rule just specific to your IRA accounts? My plan is/was to do partial stock conversions from IRA to ROTH (have about seven years of partial transfers before IRA is completely transferred to my ROTH). My small pension and Social Security (if I elect to take prior to age 72) would kick in after my last IRA to ROTH transfer is made (based on the current rules). The Trump administration may/will update the Federal tax code and say they will make Social Security solvent as well as Medicare. It will be interesting to see if they adopt some type of means testing. I bet after the 4 and/or 8 years of the Donald, the current withdrawal rules may/could change. So how have you arrived at your annual income goals? EKS

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