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Old 05-13-2019, 10:18 PM   #21
Recycles dryer sheets
Join Date: May 2007
Posts: 387
Originally Posted by fritz View Post
I should have said stay within the 12% tax bracket (for the zero capital gains tax bracket), but the amounts I stated sort of corrected my comment. My RMD actually starts in the year I turn 71, as I don't turn 70.5 until after January of the following year (gives me three more years to move money around).

We have been using taxable accounts, social security, and a little Roth (when needed) for living expenses the last ten years since we retired early. We've been manipulating income for ACA and taxes. I look to minimize any taxable account income once my RMD starts (wife's start 2 years later). I will pull RMD and then look to do additional withdrawals in the form of Roth conversions up to the 22% tax bracket. Our investments are spread out over TIRA, Taxable Accounts, and Roths (in that order of amounts). No pensions

Wanted to let you know, as I am somewhat walking in your shoes, and implementing pretty much what your asking about here. When our RMDs start - have no need to utilize taxable accounts for income (but maybe emergencies as they will inevitably come up). Our goal is to hopefully pass the taxable accounts on to our daughters - who will inherit them with a stepped up basis (no tax). Really worried about the ever changing Federal Govt. and their money grab attempt with them looking to eliminate the Legacy IRA (stretch IRA). If that scenario should ever come to pass - going to be a real big headache for us (and others in our situation).
I am one year into Medicare so I don't need do the ACA thing anymore. I don't need the aftertax money either but was trying to minimize taxes so I could maximize my roth conversions before RMD's. Hopefully they will extend the age for starting RMD's.
Best wishes with your plan.

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