EdMP wrote:What I've been told and understand is that I would first draw down from my taxable retirement funds and then from all the IRA accounts. I can do the former for probably 8 or 9 years before having to touch my IRA funds (withdrawals will be mandated per IRS) and was planning to use Lucia's "bucket" model as a guide.
This may be a bad idea, depending on your other sources of income. Do you plan on having other sources of taxable income, like a pension, or social security, or part time earnings? If the answer is no, then you should definitely withdraw first from your tax deferred accounts in order to fill up your 0% and 10% tax brackets, and probably your 15% tax bracket also. After that, you should withdraw from your taxable funds.