haha
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I am getting ready to learn something about structuring retirement account distributions.
Since I hold lots of dividend and interest paying securities, and also stocks with unrealized capital gains in my taxable account, I don't think it would be smart for me to spend this one down, other than cash reserves if necessary.
My plan so far (and not knowing a lot about this topic) is to use cash in my taxable account if I need living money over and above the income thrown off by the securities in the account
If my ordinary income in any year is below the threshold for a marginal tax rate of 25%, I will do Roth conversions to that limit. Whatever I can't get converted before I have to start taking mandatory distributions will just have to come at me when I have to take it.
I should add that I have roughly 1/4 of the invested assets in a traditional IRA, and the rest in my taxable accounts.
I'll take SS at 70, unless there is a big-time market crash which makes me want all the cash I can get to invest.
Does this sound reasonable, or are there perhaps better ways? (We can let the SS issue alone! )
What book or books should I read?
Thanks for your ideas,
Ha
Since I hold lots of dividend and interest paying securities, and also stocks with unrealized capital gains in my taxable account, I don't think it would be smart for me to spend this one down, other than cash reserves if necessary.
My plan so far (and not knowing a lot about this topic) is to use cash in my taxable account if I need living money over and above the income thrown off by the securities in the account
If my ordinary income in any year is below the threshold for a marginal tax rate of 25%, I will do Roth conversions to that limit. Whatever I can't get converted before I have to start taking mandatory distributions will just have to come at me when I have to take it.
I should add that I have roughly 1/4 of the invested assets in a traditional IRA, and the rest in my taxable accounts.
I'll take SS at 70, unless there is a big-time market crash which makes me want all the cash I can get to invest.
Does this sound reasonable, or are there perhaps better ways? (We can let the SS issue alone! )
What book or books should I read?
Thanks for your ideas,
Ha