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Reply to "Live off returns of 401(k)?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]When you reach age 71 or so you have a required minimum distribution that is calculated based on your life expectancy. This means you have to use some of your principal and not just leave it for your heirs. [/quote] Not a smart comment. You have to take it out of a tax deferred account to a taxable account but you don’t have to spend (other than the taxes) you can still leave to your heirs.[/quote] +1. Simply take the withdrawal and reinvest in taxable account. Right now a 16m account in just Mm/cd/treasuries could get you over 1M per year in earnings. The PP won’t need to touch their principal to get 459k per year[/quote]
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