Now that the IRS has ruled that RMDs must be taken out of tIRAs during the compressed 10-Year Rule for Non-Eligible Designated Beneficiaries, we are trying to strategize how to time the withdrawals with the timing of retirement. On one hand, we can take minimum RMDs during earned income years to avoid highest marginal rates, but that leaves more compression at the end of the 10 years. Thus, there would be one or more very large withdrawals at the end.
Is there a strategy to this that I am missing?
We are roughly 5 years to retirement. We will be 64-65. We plan to wait for him to claim SS at 70 and her to claim when she stops working at 63 or so.
Is there a strategy to this that I am missing?
We are roughly 5 years to retirement. We will be 64-65. We plan to wait for him to claim SS at 70 and her to claim when she stops working at 63 or so.
Statistics: Posted by goodenyou — Wed Aug 14, 2024 10:51 am — Replies 0 — Views 32
