What do you do when you need funds for a home remodel or any large expense for that matter,

but you're retired. You know how fixed income sources and you can't just wait around for a bonus

to hit or for more stock to vests like maybe you could in your working years.

Finding the best way to pull funds for a large expense is very important in retirement,

and that's the topic of today's episode of Ready for Retirement.

This is another episode of Ready for Retirement. This is another episode of Ready for Retirement.

I'm your host, James Cannell, and I'm here to teach you how to get the most of the

life with your money.

And now, on to the episode.

Today's episode is based upon a listener question, and I'm going to call this listener

Sarah.

Sarah submitted a question, and she said this to call this listener Sarah. Sarah submitted a question and she said this.

Hi, James, I enjoy the thoughtfulness of your technical analysis when your listeners pose questions.

You're very thoughtful and your insight is invaluable.

I hope you consider this question.

I'm retired, age 62, recently widowed, and I'm planning an extensive remodel of my old home so that I can age in place by reducing the number of steps, widened doorways, etc.

The cost of the renovation may be $800,000.

I have about $700,000 in brokerage accounts, capital gains are probably about $100,000 after a step-up on basis,

in $1 million in IRAs and $100,000 in a Roth IRA.

My current living expenses are covered by a pension and survivor social security and health care premiums, including Ehrma charges and Medicare supplement plans when eligible, will be completely covered by a previous employer.

I know, so lucky. The house, as well as whatever remains of the accounts, will be left to by a previous employer. I know, so lucky.

The house, as well as whatever remains of the accounts, will be left to airs,

...