4 percent rule to high?

4 percent rule to high?

Notices

» Site Navigation
Home Page The Villages Maps The Villages Activities The Villages Clubs The Villages Book Healthcare Rentals Real Estate Section Classified Section The Villages Directory Home Improvement Site Guidelines Advertising Info Register Now Video Tutorials Frequently Asked Questions
» Newsletter Signup
» Premium Tower
» Advertisements
» Trending News
» Tower Sponsors




















» Premium Sponsors
» Banner Sponsors
» Advertisements
Closed Thread
 
Thread Tools Display Modes
  #11  
Old 10-05-2015, 03:55 PM
pauld315 pauld315 is offline
Gold member
 
Join Date: Aug 2007
Location: NY, FL, PA, TX, NC, TV
Posts: 1,002
Default

Quote:
Originally Posted by rjm1cc View Post
Based on historical returns the RMD is better than the 4% because it uses the year end investment balance. But the RMD % increases each year.

See http://www.irs.gov/pub/irs-tege/uniform_rmd_wksht.pdf for a worksheet on how to calulate the RMD.
True, but just because you have to withdraw more than 4% due to RMD, doesn't mean you can't just reinvest it into a taxable brokerage account that you open at Scottrade for example. Currently, I don't withdraw anything from my IRA's living only on SS and my pension. When I turn 70 1/2 I will, of course, be subject to making withdrawals from my IRA's but right now I just plan on spending the first 4% of that withdrawal and reinvesting the rest in a taxable account until I decide it is time to just blow it all !

  #12  
Old 10-05-2015, 04:30 PM
manaboutown's Avatar
manaboutown manaboutown is offline
Sage
 
Join Date: Aug 2009
Location: NJ, NY, SC, PA, DC, MD, VA, NM, CA and ID, not necessarily in that order
Posts: 3,942
Default

I heard of a fellow who spent almost all his money on wine, women and song. The rest he blew.
__________________
"No one is more hated than he who speaks the truth." Plato

“To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine
Sponsored Links
  #13  
Old 10-05-2015, 07:20 PM
NYGUY NYGUY is offline
Platinum member
 
Join Date: Jun 2014
Location: Village of Charlotte
Posts: 1,655
Default

Quote:
Originally Posted by manaboutown View Post
I heard of a fellow who spent almost all his money on wine, women and song. The rest he blew.
Love it!!
__________________
Don't take life too seriously, it's not like you're going to get out alive!!!
  #14  
Old 10-24-2015, 08:17 PM
Maxman's Avatar
Maxman Maxman is offline
Member
 
Join Date: May 2010
Location: Virginia Trace
Posts: 72
Default

Bogle: Tough Decade Ahead for Equity Investors

Jack Bogle the founder of Vanguard and index style investments voices his opinion on the next 10 years. It is very sobering.
__________________
I'm not young enough to know everything
  #15  
Old 10-25-2015, 06:05 AM
Villageswimmer Villageswimmer is offline
Gold member
 
Join Date: Feb 2011
Posts: 1,280
Default

Quote:
Originally Posted by outlaw View Post
Don't worry. Work is good for the soul. I wish I had to go back to work.
Okay, I'll bite. Why?
Closed Thread

Tags
follow, safe, rate, discussions, withdrawal, interest, high, rule

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 02:14 AM.