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Financial Planning / Tax Strategies
|Subject: Re: Are IRA mandatory withdraws Earned Income?||Date: 1/12/2014 12:58 AM|
|Author: JAFO31||Number: 119830 of 122553|
<<<"Couldn't you just convert the money in your Traditional IRA into a Roth without worrying about having earned income or not?">>>
"Correct, I could. If I knew I was going to live for quite a few more years, and I was going to get a good average return in my IRA, it would be worth it.
But, I'd sure hate to convert it all, pay a big tax bill, and drop dead the next day."
Why (tax reasoning, and apart from the obvious that most people do not want to drop dead anytime)?
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