almost there
Thinks s/he gets paid by the post
- Joined
- Sep 24, 2008
- Messages
- 1,023
This may be a bone head question.. But...
Why not just do Roth conversions every year, rather than taking IRA distributions' into a taxable account?
Seems it would be the same hit Tax wise?
If I needed it during the year, taking from a Roth account or taxable account would be the same right? Regarding taxes.
The bonus would be if I didn't use it all, it would be in a Roth rather than a taxable account. (Am aware of the 5 year rule).
My Ret. funds are now 50% in Roth and 50% in a Taxable IRA due to conversions, and starting 2 Roths in 1998.
I am probably missing something, just not sure what?
Just occurred to me out of the Blue. Am sure I am missing something.
Why not just do Roth conversions every year, rather than taking IRA distributions' into a taxable account?
Seems it would be the same hit Tax wise?
If I needed it during the year, taking from a Roth account or taxable account would be the same right? Regarding taxes.
The bonus would be if I didn't use it all, it would be in a Roth rather than a taxable account. (Am aware of the 5 year rule).
My Ret. funds are now 50% in Roth and 50% in a Taxable IRA due to conversions, and starting 2 Roths in 1998.
I am probably missing something, just not sure what?
Just occurred to me out of the Blue. Am sure I am missing something.
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