Hello,
I have a taxable account, an IRA and a Roth IRA with Vanguard. Next year I will have to do RMD for my IRA. I am not sure if I would know what to sell, how to plan for taxes (the RMD would be about $50,000), reinvest this money, also give to charities via QCD and probably more which I do not even know.
I have quite a large emergency fund because I sold my home. It is in Ally bank and Schwab in savings and easily accessible funds.
I do not have any debt
Tax filing single
Tax rate effective for 2023 13.26% Feds. 4.89% California state - I took the standard deduction
State of residence. California
Age. 71 (born in Dec)
Portfolio total 1.7M. all with VANGUARD
IRA brokerage account
VTI. 32.32%
vxus 12.65%
I have a taxable account, an IRA and a Roth IRA with Vanguard. Next year I will have to do RMD for my IRA. I am not sure if I would know what to sell, how to plan for taxes (the RMD would be about $50,000), reinvest this money, also give to charities via QCD and probably more which I do not even know.
I have quite a large emergency fund because I sold my home. It is in Ally bank and Schwab in savings and easily accessible funds.
I do not have any debt
Tax filing single
Tax rate effective for 2023 13.26% Feds. 4.89% California state - I took the standard deduction
State of residence. California
Age. 71 (born in Dec)
Portfolio total 1.7M. all with VANGUARD
IRA brokerage account
VTI. 32.32%
vxus 12.65%
Statistics: Posted by dali52 — Sun Aug 04, 2024 6:53 am — Replies 2 — Views 304