Question: general sequence on withdrawal options
Hello, wondering if there is consensus on which accounts to withdraw from first second etc. My case is outside the U.S. so the typical instruments (roth, 401k SS) don't necessarily apply to me.
For context, we are in Australia.
my retirement account (similar to a 401k) is accessible at 60 and must be used at 67yrs with a minimum withdraw rate per year. These are completely tax free at 60.
my partners' is the same, but they are 8 years junior, so can be accessed with this delay.
Then there are regular outside stocks which would pay capital gains tax (at 50% discount). and these are not necessarily large (e.g., ~5 years of expenses)
Then there is a US based retirement account that is fixed and can be accessed at 59 and a half, however will have a 30% tax on any withdrawal due to AU-US tax treaty. (also currently about 5 years of expenses).
Finally, some cash reserves like most.
So question is, should the US based account be withdrawn first, knowing that it will shrink fastest, or later in life allowing for a greater growth so the 30% tax doesn't chew away as hard as it would in the early years?