Forgive my ignorance... I've embraced the Boglehead approach re: managing my 403b, but I know little about the rest of the financial world.
If my wife begins receiving pension checks next year, and gets another job, we're going to want to reinvest that money as it comes in. My understanding is that those checks much be put in a taxable account. Is that right? So I'm planning to set up a brokerage account at Vanguard for this purpose. My plan is to eventually use the same account for RMDs that we don't need.
My other question is this: if you were going to do this and planned to use the funds for building a bridge between retirement at 65 and drawing social security at 70, what kinds of funds would you purchase in the taxable account? I'm currently 59, so we'd need the funds in 6 years. My hunch is that the timing is too close to put them in equities. I'm 60/40 in the 403b.
If my wife begins receiving pension checks next year, and gets another job, we're going to want to reinvest that money as it comes in. My understanding is that those checks much be put in a taxable account. Is that right? So I'm planning to set up a brokerage account at Vanguard for this purpose. My plan is to eventually use the same account for RMDs that we don't need.
My other question is this: if you were going to do this and planned to use the funds for building a bridge between retirement at 65 and drawing social security at 70, what kinds of funds would you purchase in the taxable account? I'm currently 59, so we'd need the funds in 6 years. My hunch is that the timing is too close to put them in equities. I'm 60/40 in the 403b.
Statistics: Posted by scarcely — Tue Aug 27, 2024 8:41 am — Replies 0 — Views 116