MuirWannabe
Thinks s/he gets paid by the post
- Joined
- Oct 14, 2009
- Messages
- 2,118
This time last year, DW inherited about $1.1 million in traditional IRA’s. I promptly invested them in VTI & VOO. In the year since they’ve obviously dropped and are around $900K now.
I also have my own traditional IRA that I had been Roth converting in previous years.
I’ve been paying decent sized quarterly tax estimates this year in anticipation of starting to withdraw from the inherited IRA’s since we have just 10 years to get them to zero. But my question is given current market, should I proceed with inherited IRA drawdown or should I Roth convert.
It seems like I should reconsider, and give the inherited IRA’s time to hopefully recover. And meanwhile Roth convert while the market is down to realize those gains in a Roth.
Is my thinking correct? Does it matter? Thanks for your thoughts.
Muir
I also have my own traditional IRA that I had been Roth converting in previous years.
I’ve been paying decent sized quarterly tax estimates this year in anticipation of starting to withdraw from the inherited IRA’s since we have just 10 years to get them to zero. But my question is given current market, should I proceed with inherited IRA drawdown or should I Roth convert.
It seems like I should reconsider, and give the inherited IRA’s time to hopefully recover. And meanwhile Roth convert while the market is down to realize those gains in a Roth.
Is my thinking correct? Does it matter? Thanks for your thoughts.
Muir