<p>Here is a question: I have always separated my financial assets into non-retirement (funds I can access now) and retirement (funds for that far away time called “retirement”)</p>
<p>Now that my wife and I are both older than 59 1/2, seems like I should be viewing my financial assets as one portfolio. I understand there are tax ramifications of IRA withdrawals (just as there are taxes to pay if I sell non retirement stocks with capital gains), but I think I can look at it all as one pot now. I still will probably draw on the retirement funds last and the non-retirement funds first, but just want to make sure I am not missing anything by treating it as one portfolio, now that there would be no penalties (other than income taxes due) from retirement fund withdrawals. </p>
<p>Actually, I will probably continue to make small Roth conversions every year I am able to do so while incurring little or no tax liability.</p>