Hello everyone, I have been enjoying reading posts over the years and we are 5.3 years from retirement.
We have after tax accounts which have very little tax impact if utilized for living. We also have large IRA accounts from 401k rollovers.
Upon retirement we are looking to live off of the after tax accounts as we convert some IRA funds over to ROTH (over 5 years as we defer SS).
I believe this would be more advantageous than living off the IRAs to spend down prior to RMDs.
Let me know what you think.
We have after tax accounts which have very little tax impact if utilized for living. We also have large IRA accounts from 401k rollovers.
Upon retirement we are looking to live off of the after tax accounts as we convert some IRA funds over to ROTH (over 5 years as we defer SS).
I believe this would be more advantageous than living off the IRAs to spend down prior to RMDs.
Let me know what you think.