Keep vacillating on keeping something in the TIRA.
Letting it grow for 10-15 years, then using it as a sinking fund for a Qualified Charitable Gift to pay the usual charity donations sounds good - no taxes at all, which leaves more for the charities.
I did a simple sinking fund spreadsheet, assuming 5% growth and anticipated dollar payouts each year, to last 10-15 years before depletion, to figure out how much to leave in the TIRA. Starting at age 72 1/2 it seems like 10-15 years should not exceed our lifespans, so a good depletion time.
OTOH if that doesn't work out for some reason, like repealing the charitable tax free ability, I'd be paying a lot more in tax than converting it now, before the current temporarily lower tax schedule reverts to something far more confiscatory.
How much pain & effort does it take to set up the "direct donation" required for the "pay no taxes if you are age 72 1/2" deal?
Letting it grow for 10-15 years, then using it as a sinking fund for a Qualified Charitable Gift to pay the usual charity donations sounds good - no taxes at all, which leaves more for the charities.
I did a simple sinking fund spreadsheet, assuming 5% growth and anticipated dollar payouts each year, to last 10-15 years before depletion, to figure out how much to leave in the TIRA. Starting at age 72 1/2 it seems like 10-15 years should not exceed our lifespans, so a good depletion time.
OTOH if that doesn't work out for some reason, like repealing the charitable tax free ability, I'd be paying a lot more in tax than converting it now, before the current temporarily lower tax schedule reverts to something far more confiscatory.
How much pain & effort does it take to set up the "direct donation" required for the "pay no taxes if you are age 72 1/2" deal?