 |
- If you reach RMD age, you need to withdraw from your RMD accounts. Otherwise, the penalty is up to 25%.
- Withdraw your interest and dividend from your taxable accounts, interest is taxed at your ordinary income rate, but your dividend is taxed at lower capital gain tax rate, 0%, 15% or 20%.
- If you have maturing bond and CD’s, cash in them.
- Sell your investments from retirement accounts 401k or 403b to generate cash.
- Tap into your Roth IRA as a last resort.
|
|
|
