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  #1  
Old 10-25-2009, 09:52 AM
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webley ira

What is the name of your state (only U.S. law)? Michigan and Illinois

Can you give me an answer on how much, or what rate, is reasonable to withdraw from my IRA after 59 1/2?

Example: if I have $500,000. How much is reasonable per month to withdraw without dipping into my principal if I am earning at 14%?
  #2  
Old 10-25-2009, 10:15 AM
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Location: I dunno. What time is it?
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Quote:
Originally Posted by lwebley View Post
What is the name of your state (only U.S. law)? Michigan and Illinois

Can you give me an answer on how much, or what rate, is reasonable to withdraw from my IRA after 59 1/2?

Example: if I have $500,000. How much is reasonable per month to withdraw without dipping into my principal if I am earning at 14%?
If you're earning 14% per year, that's 1.167% per month.

That means you're earning $5,833.33/month in interest. Anything more that that would be dipping into principal.
  #3  
Old 10-25-2009, 06:50 PM
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Try googling 'safe withdrawal rate' and find a financial website for financial advice.
  #4  
Old 10-26-2009, 11:44 AM
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And if you earning 14%, please let us know where.
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