| Title | : | Which Account Should I Take Money From First in Retirement? |
| Lasting | : | 11.24 |
| Date of publication | : | |
| Views | : | 12 rb |
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What if they have minimal taxable account (most of that $600k is in traditional IRA) Would you still do Roth conv if they have no cash to pay for the incremental tax from the conv? Comment from : @by2260 |
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So they already got hit the first year for IMRAA and NIIT? Comment from : @dougs3866 |
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let see if you get it right! 576 yrs old, my current balances, 950K Brokerage account invested in stocks(I trade), $420K IRA $35K Roth IRA, $480K in a 401K, $100K in Savings $20K in checking Will like to retire at 582 yrs old (life expectancy of 80) and be able to spend $10,500 a month, can I do it? no mortgage(home worth $460K) in PA I have used a number of online retirement calculators, will like to see if you concur with their calculations Thanks 😎 Comment from : @thetradersam6157 |
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What account are you taking income from first? Let us know below! 👇 Comment from : @onedegreeadvisors |
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