JoeWras
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Sep 18, 2012
- Messages
- 11,738
Yeah, I thought I knew a lot until I came here.Continue hanging out here and you'll learn a lot about this sort of thing. (Legally) minimizing or avoiding taxes is a popular hobby amongst many forum members.
For example, similarly I have an IRA with both before and after tax contributions. I learned here that when we retire, I can start converting the IRA to Roths, and take the income hit (pro-rata between taxable and non-taxable portion) in order to maximize the amount up to a tax bracket. Similar to what ziggy29 is suggesting, but instead with roth conversion money.
Very obvious once you start hanging out here.