Reported 8 months ago
Financial advisor Brandon Renfro advises a retiree with $1.2 million in IRAs and $10k in cash on whether to use IRA withdrawals to build their emergency fund. Renfro suggests considering retirement income reliance, IRA contribution eligibility, and the need for an emergency fund. The article highlights the importance of balancing IRA withdrawals, taxes, sequence risk, and maintaining an emergency fund for unexpected expenses in retirement.
Source: YAHOO