The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: Roth investing/withdrawing at 60||Date: 3/15/2012 3:44 PM|
|Author: reallyalldone||Number: 70366 of 75890|
as mentioned, IRA withdrawals increase the tax on SS (so RMDs kind of get taxed twice) and if big enough increase Medicare premiums..
Not there yet but for some SS is only a component of income so it's tax on income not just SS, right ?
Other comment on Roth/Trad/RMDs/etc -
I will start looking at RMD possibilities in 2 years when I hit 59.5 and will plan accordingly but I will also keep in mind the advantages of inheritance of a taxable brokerage account as they are then. Right now, there's no requirement to do anything at any age and a stepup basis on it(at least I think that is true at the moment).
All of this does presume having more than enough for a lifetime but it IS hard to predict death date.
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|