I’ll be semi-retiring shortly (or maybe I already have - long story), at 50 y.o., but through the twin blessings of an inheritance and selling an HCOL house, more that 75% of the stash will be in brokerage rather than retirement accounts. If I end up buying another house, the balance would shift, but will be renting for the near future. Can anyone walk me through the issues of having relatively little in Roth, 401k’s, etc?
I will have some RMD’s from a trad. IRA in the inheritance, roughly $20k/yr. I’m assuming I’ll also keep contributing the maximum allowed to retirement accounts for the tax benefits - my earned income will hover around $20k/yr, but because so much is in brokerage accounts, there will be dividends / capital gains as well. Any suggestions for minimizing taxes and maximizing the benefits - like should the asset allocation be different between brokerage vs. retirement accounts? Thanks for your thoughts!