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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (26233)	1/2/2017 5:52:14 PM
From: Steve Felix	Respond to of 34328

Answering that shows me how much things change over time. Originally I thought of the income as a supplement that we might be using now. Then the wife worked longer than I had planned, not just keeping us from depleting savings sooner, but allowing those savings to grow. She has a pet peeve that the checkbook should not get under $10,000. When it does, I either tap some dividends from our taxable account, or have her old credit union send us a check. Her pension well covers our monthly expenses, but there are always other things we want to spend money on and we have covered that with taxable dividends and savings. Come March I will start to get SS, and we will not have to tap anything. She doesn't yet know that I have plans to keep the checking account down to $10k. :) Then, along came Obamacare, which nixed any thoughts of Roth conversion, and made it make no sense to raise what we pay in taxes, and increase our monthly insurance payment. I wouldn't even venture a guess at what insurance costs us next year. We have two $20k CDs at our local bank that I figured were set aside for insurance to get us to medicare. Depending on the changes to healthcare, we could be using them plus funds from my IRA over the next three years. I guess in the end there is not any hard $ figure, but in the worst case right now, $20k in withdrawals x 3 + the two CDs to cover three years of insurance. Change seems to be the only constant.