On Oct 26, 7:44*am, Frank wrote:
On 10/25/2011 9:40 PM, Metspitzer wrote:





On Tue, 25 Oct 2011 17:54:42 -0700 (PDT), Frank
*wrote:

On Oct 25, 8:37 pm, *wrote:
Anyone know of a rough way to figure out what is the right amount of
money to take out of retirement without paying too much tax that year?

My income will be the same this year is it was the last, but I want to
withdraw some of my retirement. *How do you figure out what percent
tax you will have to pay?

If you can recommend an "active" group where this would be on topic I
would appreciate it.

If you are 70 and 1/2 there is a minimum distribution of about 4%.
Since you pay income tax on it, what ever it adds to your total will
be taxed at that maximum. *Same for anything you take out but there
are penalties for early withdrawal. *Most I know, myself included,
take the minimum distribution.

I forgot to mention I am 52/disabled so there is no penalty to take it
out. *I called it an IRA. *It is actually a Vanguard mutual fund.

....

Personally, if I did not need the money, I would leave it alone and let
it compound tax free. *Don't know how your mutual fund is doing but
think you can rotate it without penalty.

What do you mean by "rotate it"?

Do you mean "exchange it" - same Mutual Fund family, different Mutual
Fund?

Do you mean "switch it" - Different Mutual Fund family, which requires
a liquidation and a purchase?

What do you mean by "without penalty"?

There may not be any IRS related penalties to exchange and/or switch
funds, but depending on the share class, holding period and account
rules, there may be "penalties" related to fund changes within the
account itself.

I did not take any withdrawals from IRA's or 401k until it was mandated
and since I still have work income can buy Roth's.

You don't "buy Roth's". You can open a Roth IRA, you can contribute to
a Roth IRA, you can convert a Traditional IRA to a Roth IRA and you
can recharacterize a Roth IRA back to a Traditional IRA, but a Roth
IRA is not something you "buy".