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<blockquote data-quote="Davy Crockett" data-source="post: 292856" data-attributes="member: 367">I get what skullet is saying ,&nbsp; I thought long and hard about it until I looked at the 2021 tax bracket and decided not to draw it all at once.&nbsp; We rolled it over to a fund where it is hopefully safe and have the option to roll it back and forth between a high risk and a what is supposedly a &quot;no risk&quot; fund 2 times a month.&nbsp; &nbsp; &nbsp;&nbsp; I think the best in our case is to draw as much as we can and still stay in the 12% tax bracket.&nbsp; &nbsp; The next tax bracket is 24% that one sucks.&nbsp;&nbsp; Everyone has a different situation so what is good on this end might not be good on your end .&nbsp; I sent an email to my tax guy about it last week in hopes&nbsp; there is a loophole that I don't see but this was his response. &nbsp;&quot;&nbsp; If you touch the money and then reinvest that reinvestment then becomes ‘basis’ in the new investment that you don’t pay tax on again.&quot; &nbsp; At least in our case it looks like slow and steady wins the race.&nbsp; &nbsp; If we didn't have the option to roll it over into a safer fund that the stock market doesn't affect we would have pulled it rather than roll it over and 25% of it would have been dust in the wind.- - - Updated - - -I meant to say 2020 tax bracket</blockquote>

[QUOTE="Davy Crockett, post: 292856, member: 367"] I get what skullet is saying , I thought long and hard about it until I looked at the 2021 tax bracket and decided not to draw it all at once. We rolled it over to a fund where it is hopefully safe and have the option to roll it back and forth between a high risk and a what is supposedly a "no risk" fund 2 times a month. I think the best in our case is to draw as much as we can and still stay in the 12% tax bracket. The next tax bracket is 24% that one sucks. Everyone has a different situation so what is good on this end might not be good on your end . I sent an email to my tax guy about it last week in hopes there is a loophole that I don't see but this was his response. " If you touch the money and then reinvest that reinvestment then becomes ‘basis’ in the new investment that you don’t pay tax on again." At least in our case it looks like slow and steady wins the race. If we didn't have the option to roll it over into a safer fund that the stock market doesn't affect we would have pulled it rather than roll it over and 25% of it would have been dust in the wind. [COLOR="silver"][SIZE=1]- - - Updated - - -[/SIZE][/COLOR] I meant to say 2020 tax bracket [/QUOTE]

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