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Retirement Discussions / Retired Fools
|Subject: Re: RMD, Wrap Fees, and Taxes||Date: 4/30/2013 6:35 PM|
|Author: TMFPMarti||Number: 18368 of 19026|
I just retired. In 2015, I will start the IRS' Required Minimum Distributions from the accounts. This leads to two questions.
(1) Should I continue paying the fees directly as they reduce my taxable income?
No. You should continue paying the fees directly because that doesn't reduce your IRA balance. I suspect the tax benefit isn't anywhere near what you think it is, but it really doesn't matter.
(2) At what point would it be better to have the fees paid from the IRA accounts?
When you can't afford to pay them directly.
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