Thanks all for your replies. To follow further with a summary of...

  1. 206 Posts.
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    Thanks all for your replies. To follow further with a summary of replies to reinforce my understanding, if my balance was 1.6m at 60 and earning 6%, and I continue to withdraw 4% at 64, I could be withdrawing 4% of 1.8m. And the approx 200k over the 1.6m cap incurs the 15% tax on earnings whereas the earnings on the original 1.6m does not. Is this paraphrased correctly?
 
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