almost there
Thinks s/he gets paid by the post
- Joined
- Sep 24, 2008
- Messages
- 1,017
Have a Trad IRA with a little over $500k in it. Retired 4 years ago this month.
Do not plan on needing this money for a very long time. If at all.
But, would like to stay in the 15%-married tax bracket for the next 30-40 years. I know Roth conversions are what most folks gravitate towards.
But what about taking $24k annually (72t) from the IRA for 30 years?
(Doable with a safe 3% return) Starting now 7 1/2 years prior to SS 62? (Yes, am taking it at 62)
Would not be spending it (or much of it) Just getting it into a usable / inheritable account is the goal with as little tax hit as possible.
Just been thinking about again & wanted some ideas.
Just not seeing the big tax advantage to do Roth conversions this late in the game. Shed some light on me.....
Thanks!
Do not plan on needing this money for a very long time. If at all.
But, would like to stay in the 15%-married tax bracket for the next 30-40 years. I know Roth conversions are what most folks gravitate towards.
But what about taking $24k annually (72t) from the IRA for 30 years?
(Doable with a safe 3% return) Starting now 7 1/2 years prior to SS 62? (Yes, am taking it at 62)
Would not be spending it (or much of it) Just getting it into a usable / inheritable account is the goal with as little tax hit as possible.
Just been thinking about again & wanted some ideas.
Just not seeing the big tax advantage to do Roth conversions this late in the game. Shed some light on me.....
Thanks!
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