We're a couple aged 55 and 60 with three accounts:
(1) a brokerage for post-tax money,
(2) an IRA for the one who's 60, and
(3) an IRA for the one who's 55.
Account (1) has about two years' living expenses; (2) has the same; (3) has four times that.
Home paid off. 55 still working w/ salary about 10% higher than all living expenses, 60 is not working. One child, grown and out of the house.
All three accounts have mostly equities, hedged by bonds, gold, VXUS, and commodities. Account (1) is 50% equities, Account (2) is 65% equities, and Account (3) is 80% equities.
The theory is that we'd use up all of Account (1) before turning to the first dollar of Account (2) (which incurs income tax but no age penalty), and we'd use up all of Account (2) before the first dollar of Account (3) (which incurs both income tax and age penalties for another 5 years).
Advice about the overall allocation is welcome, but the real question is how to treat the three separate accounts. So do those allocations make sense? Or should Account (1) have ***all*** of the safe stuff, and should Account (3) be ***all*** equities?
Thanks...