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still_one

(92,131 posts)
9. Exactly, especially since for a lot of folks they can't itemize deductions, and this is a perfect
Fri Dec 20, 2019, 03:57 PM
Dec 2019

way to reduce you RMD

About those RMDs (for the 70+ here) [View all] question everything Dec 2019 OP
Ah heck- James48 Dec 2019 #1
The Secure Act which was passed by both houses of Congress raises the RMD age requirement still_one Dec 2019 #2
Would have hurt us. At 70 and 1/2 we retired and needed the RMD question everything Dec 2019 #4
You don't have any regular taxable accounts to withdraw from? progree Dec 2019 #5
Yes, do. Most of it are securities that selling would generate capital gain question everything Dec 2019 #10
How would you pay capital gains taxes if you are in the 12% ordinary tax bracket? progree Dec 2019 #11
Oh. But one first has to take all the RMD and then can take extra to convert to Roth question everything Dec 2019 #12
Good luck 😂. I have to make my Roth conversion decision (yes/no/how much) in a few days progree Dec 2019 #13
To add and to thank you question everything Dec 2019 #14
I'm glad I helped in some way 😁 progree Dec 2019 #15
Qualified Dividends and Capital Gain Tax Worksheet question everything Dec 2019 #16
But don't you use TurboTax and don't they get it right (as far as qualified dividends)? progree Dec 2019 #17
Don't like surprises. Certainly not where money is invovled question everything Dec 2019 #18
Don't like surprises either, but whether I get a $2,000 refund in April or have to pay a $5,000 progree Dec 2019 #19
The ideal situation is one invests in such a way that the investments generate interest and dividend still_one Dec 2019 #6
Still, if you need to withdraw money for expenses, you want to withdraw it from taxable accounts progree Dec 2019 #3
Also for inherited IRAs there are several ways to take those RMDs, including annuitizing them still_one Dec 2019 #7
Yes, another option that looks real good to me is just donating the RMDs directly to charity -- progree Dec 2019 #8
Exactly, especially since for a lot of folks they can't itemize deductions, and this is a perfect still_one Dec 2019 #9
Latest Discussions»Culture Forums»Personal Finance and Investing»About those RMDs (for the...»Reply #9