My wife and I hung up working last year me 63, wife 62, we are living off savings and have $165,000 in the bank. We just moved our IRA's over to VG, but some aren't fully invested yet( money just got there from cancelled annuities) We will be moving about $40,000/yr from IRA's into Roth's to have funds available to draw on and save on taxes while we're in the 15% bracket. We have been keeping all that money in the bank just as a security blanket, but should we move at least 100,000 into a taxable account at VG and draw out from the new account or the Roth's as needed?
We have no debt and our normal living expenses are less than $40,000/yr.