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[quote=Anonymous]I realize I need an actual financial professional to fully explain this but in the meantime I’m just curious at what others think.

I retired in my late 50’s with a pension paying me 100% of my final years salary plus a yearly COLA. My wife and I also receive free medical for life and our home is paid off, kids are out of college. Obviously we live comfortably on this amount but we also have three taxable investment accounts with a combined value of well over a million.

I have no issues with actually spending this investment money but seeing that all three are taxable, how do I slowly start withdrawing and at the same time do it slow enough so that I don’t throw myself into a higher tax bracket? On two of them I have to start withdrawing at 70 1/2 anyway. Is there any rule of thumb on withdrawing slowly over time simply because of the tax ramifications?

I currently really don’t have a need for these funds but at the same time I realize it’ll take many years to slowly withdraw it without killing me with taxes.

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