Quote:
Originally Posted by Caymus
I have always lived below my means and am finding it difficult to open the spending floodgates during my first year of retirement.
|
Lets agree on a concept:
you can take out any amount from your IRA, but you don't have to spend all of what you take out. You can rollout it over into your taxable account, and keep on having the money grow tax free if you like, so don't think in terms of paying yourself and having to spend it all. .
So you can still maintain your lifestyle as long as you pay the required taxes and reinvest whatever you don't use, tax free. .
finance guy