Hi, you mention Fidelity's excellent distribution tools..... how can I learn more about that? I have accounts with Fidelity, and searched for something about distribution tools but was not successful. I realize I could do this manually, but if there are tools I'm interested in learning more!mbr2000: I do similar to what stan1 does. Functionally, it's the same your item #1.1) Look at your desired asset allocation. Sell from the asset class where you are overweight. After you take the distributions rebalance in the retirement accounts if you need to.
I'm at Fidelity. Fidelity allows withdrawals directly from held funds. Currently I take my RMD distribution $ from my IRA's MMKT Funds, then 2x a year I re-balance. The distributions are done automatically using Fidelity's excellent distribution tools. Effectively, the distributions are coming from the bigger gainers, just not immediately. Each quarter $ flows from the IRAs to Taxable Brokerage. Each month, $ from the Taxable Brokerage flows to our bank's checking account. More $ flows into Taxable than flows out. I've set it this way so that if I die first, $ for DW, who takes no interest in our finances, will continue to checking for a year+, without any further $ input from the IRAs.
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Select Transfers --> Recurring Transfers - this lands you on the recurring activity page. Select transfers, then select create new. This will open a pop-up window for creating the transfer.
Statistics: Posted by RetiredAL — Sat Jun 01, 2024 12:30 am — Replies 7 — Views 855