I just think I would be overall happier if I didn’t have to work. I would have more time to spend with my family, and pursue my own interests.
I’m not sure I see the point of working another 15-20 years just to end up with more possessions and money than I need.
You’re probably right about the 5.5% yield being difficult to achieve. Apparently a 4% withdrawal rate is “safe”. However, I could sleep just fine at night with all the IRA in MO.
Also, my point is I do have enough saved, assuming I can tap income from the IRA.[/quote]
I can’t say if you have enough or not. Here is an idea, though.
What if you pulled out more than just interest from your non_IRA investments until you can take IRA money without penalty ? Take interest plus some captial from your non-IRA investment to give you the income you need.
Obviously, this will deplete the capital, but I’m suggesting you manage it such that after you are allowed to tap into the IRA, you would then take IRA money plus interest on the remaining non-IRA capital.
It all sounds risky to me, but if you can get it to pencil out, it would be a way to avoid the 10% hit.
