Should I deplete my post tax (LTG) brokerage account before dipping into tIRA?

[TheWizard]

I was born in 1966 so RMD's wont be required on my regular IRA till I'm 75. I wonder if sometime down the road they eliminate RMDs.

That would be quite unlikely, IMO...

 

[audreyh1]

I messed up While calculating RMDs I completely forgot about 2 assets that are owned by my trad IRA: a pile of bitcoin and a condo in Mexico (still being built but almost ready). They almost double the value of my IRA today and I'm afraid that 10 years from now it will be "worse". Anyway, taking this into consideration I will almost certainly be thrown into 32% territory - with way more money I normally spend now and yes... a huge tax torpedo (60-70k).

So... as much as I hate taxes I think I need to bite the bullet and : 1) do the conversions, I will need cash to pay these damn taxes 2) stop caring about 15% taxes on LTCG 3) start spending more so I can run of money faster. 4) rethink waiting with SS until 70?

How do you manage to take RMDs from your Mexico condo.?

 

[audreyh1]

Yes, this all started dawning on me when I realized how badly I have underestimated the value of my tIRA held assets (made a comment above). I have 10 years to sort it all out. And now I'm thinking I should find a no-nonsense tax planner/strategist... Perhaps that's another thread.

Or sell?

 

[pb4uski]

.... I wonder if sometime down the road they eliminate RMDs.

doubt it. The idea was to allow tax deferral during one's working years but not indefinitely, and I don't envision that changing.