With the idea of staying under the ACA cliff (~$67K) and doing Roth conversions, my retirement calculator is suggesting that in 2020, I:
Withdrawal from my taxable brokerage account for Expenses $34K
Withdrawal from my traditional IRA for Expenses $26K
Convert tIRA to Roth $62K
I’ll have a $25K in capital gains and interest,
Less HSA deposits (2020) $9K
Less annual business loss $3K
(Standard Deduction $25K)
Do these numbers look right? Will this keep me under the Cliff? Is this the best idea on withdrawals?
Withdrawal from my taxable brokerage account for Expenses $34K
Withdrawal from my traditional IRA for Expenses $26K
Convert tIRA to Roth $62K
I’ll have a $25K in capital gains and interest,
Less HSA deposits (2020) $9K
Less annual business loss $3K
(Standard Deduction $25K)
Do these numbers look right? Will this keep me under the Cliff? Is this the best idea on withdrawals?