Question

I fully retired at 66 years old. I estimate I need $40,000 to $45,000 per year in retirement income.

I have the following income and assets:

  • $2,900 gross monthly Social Security benefits
  • $300,000 in a recently converted managed IRA that I rolled over from 401(k).
  • $150,000 in an annuity which I can withdraw 10% a year without penalty. The annuity matures in four years.
  • $23,000 in Roth IRA
  • $13,000 in cash that will probably at first go towards a new home down payment and be replenished for emergency funds later.



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