davidr-va wrote:For tax purposes my taxable account holds stock funds (total domestic and total international) and my taxable accounts hold bonds plus a small amount of total international stock. Should I start converting some of taxable funds into cash, bonds, or something else?
livesoft wrote:We have no cash and no fixed income in taxable. If we need some money for expenses, then we sell equities to get spendable cash. It doesn't matter if equities have
(a) gone up, because we have tax-loss harvested and with carryover losses, we would have no net capital gains and would pay no taxes,
(b) gone down, because we are going to repurchase the same equities in our tax-deferred accounts at the same price for no net change,
(c) stayed the same.
I've been planning on retiring at 50 for quite some time (30+ years) and am now 18 months away from my 50th birthday. The situation at work continues to worsen and I may have to exit earlier than expected.
wesleymouch wrote:I would calculate expenses including healthcare and total up assets plus pensions, SS. At age 50 I would use a 2.3% withdrawal rate at the most.
mrwalken wrote:wesleymouch wrote:I would calculate expenses including healthcare and total up assets plus pensions, SS. At age 50 I would use a 2.3% withdrawal rate at the most.
Given that firecalc shows a 100% success rate using a 3.4% withdrawal rate over a 50 year period, I would say using 2.3% at the most is rather silly.
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