Curious to know if anyone is taking out Dividends quarterly to live on out of there 401k/IRA
I am gonna fire pretty damn quick and looking at all the possibilities for cash flow. I know i would have to pay tax on those dividends but also the way i understand it there would be no penalty.
My 401k is currently with Fidelity, but when i leave the company i will move it to Vanguard as an IRA and as i would be looking for how to invested it to get maximum dividends while still maintaining max growth.
Anyone got any ideas on this.?????
49m/31f
1,089,000 in vanguard after tax
998,000 in Fidelity 401k
388,000 lump sum pension i will get in january and put into Vanguard IRA
No Debt
Thanks
TEX