I am turning 73 in March of this year and am considering from where and how to take my first RMD.
Before taxes, I need to withdraw from my tax protected accounts approximately $60,000. The vast majority of my tax protected funds are in index funds or a large annuity I have with Washington mutual insurance. That annuity is a three-year fixed rate annuity, earning 4.7% interest with the current balance of approximately $660,000. The annuity allows me to withdraw 10% of it’s balance per year, over three years.
I’ve recently consolidated my portfolio of IRAs and brokerage accounts with Fidelity.
Is it complicated withdrawing my RMD from IRAs all contained in mutual funds?
Would it be easier to simply withdraw the entire RMD from my annuity? (Though I truly do enjoy having that three year fixed rate annuity.)
Are there any other ideas for withdrawing first time RMD‘s that I am missing?
And finally, I am planning to take that RMD sometime during the next 60 days.
Before taxes, I need to withdraw from my tax protected accounts approximately $60,000. The vast majority of my tax protected funds are in index funds or a large annuity I have with Washington mutual insurance. That annuity is a three-year fixed rate annuity, earning 4.7% interest with the current balance of approximately $660,000. The annuity allows me to withdraw 10% of it’s balance per year, over three years.
I’ve recently consolidated my portfolio of IRAs and brokerage accounts with Fidelity.
Is it complicated withdrawing my RMD from IRAs all contained in mutual funds?
Would it be easier to simply withdraw the entire RMD from my annuity? (Though I truly do enjoy having that three year fixed rate annuity.)
Are there any other ideas for withdrawing first time RMD‘s that I am missing?
And finally, I am planning to take that RMD sometime during the next 60 days.
Statistics: Posted by Dave C. — Tue Feb 04, 2025 6:59 pm — Replies 1 — Views 218