Just now starting to do tax planning. I generate my income for next year at the end of this year.
I margined my LTCGs to buy a house. (long story short) Before that I would have sold LTCGs for income plus do some Roth conversions.
I need about $70k of income.
So far I see $10k of Dividends and $5k of LTC Losses, So, unless I can find a better plan I'm looking at withdrawing $190k from IRA's (top of 22% bracket) using $70k as income $25k to pay the taxes and have $95k to put into my Roth.
This will be my first year going into the 22% bracket, I probably would not do it, but the $70k includes a $30k tuition payment so I need to go a little higher this year.
Any ideas?
I margined my LTCGs to buy a house. (long story short) Before that I would have sold LTCGs for income plus do some Roth conversions.
I need about $70k of income.
So far I see $10k of Dividends and $5k of LTC Losses, So, unless I can find a better plan I'm looking at withdrawing $190k from IRA's (top of 22% bracket) using $70k as income $25k to pay the taxes and have $95k to put into my Roth.
This will be my first year going into the 22% bracket, I probably would not do it, but the $70k includes a $30k tuition payment so I need to go a little higher this year.
Any ideas?