<prompt> Human: My wife and I finally retired about a month ago at the age of 59 and 56. We own our home and are without any debt. We both have modest pensions and enough money in cds and money market accounts to enjoy the next 3 years before I start taking Social Security. I really dont anticipate the need to touch our two 401ks in the near future. Is there a point where I should start withdrawing from the 401ks just to start paying the taxes and bankinginvesting it? we have little in stocks or other investments Im thinking if we wait until 70, the yearly required withdrawals will greatly increase our tax liability. In 11 years, the government could decide to reduce our future social security or medicare benefits because of the withdrawal.  <response>: Unless you are in poor health, you should delay taking SS until 70. Fund your 60s with the 401k. 