twobits
Dryer sheet wannabe
- Joined
- Feb 6, 2018
- Messages
- 15
We have a goal to decrease the values of our tIRAs before RMDs take effect, stay in the 12% tax bracket until we take social security, and build up our Roth IRAs.
With that in mind, we are doing 50k in Roth conversions each year until we take social security. Once we reach 59 1/2, though, we also like the idea of using some of that 50k for a tIRA withdrawal for tax withholding (instead of using our after tax investment money to make quarterly tax payments.) We're just not sure about converting less to our Roth.
Other than a preference of how much we want to convert, are there other things we should be considering when deciding if the 50k should be all Roth conversion, or if a portion (probably 10k) should be a regular tIRA withdrawal for tax withholding purposes?
With that in mind, we are doing 50k in Roth conversions each year until we take social security. Once we reach 59 1/2, though, we also like the idea of using some of that 50k for a tIRA withdrawal for tax withholding (instead of using our after tax investment money to make quarterly tax payments.) We're just not sure about converting less to our Roth.
Other than a preference of how much we want to convert, are there other things we should be considering when deciding if the 50k should be all Roth conversion, or if a portion (probably 10k) should be a regular tIRA withdrawal for tax withholding purposes?