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For some, a major cash flow projection will be the tax on RMDs at 70.5. Those most affected will be those with pensions and other household CF that allows them to minimize/defer TIRA withdrawals when they have otherwise large TIRAs. Under such conditions, its not just the additional tax from the RMD ordinary income...its also the pushing-up the qualified dividends and LTCG from the 0% range to the 15% range....a sort of RMD surtax.

Honestly, this all came into play with our deciding to retire now. Besides the fact I worry about DH expiring behind his desk, it made no sense to continue to work when we could just start withdrawing funds and minimize RMDs. We will also take the next 15 years to do Roth conversions as tax brackets are low.

I do wish we had figured out earlier that it would be good to accumulate more funds in regular investments rather than to just throw money into IRAs, but we'll just keep that nugget of info for the next generation. At least they have Roth access from day one, whereas it came kind of late in the game for us, so the backdoor conversions were not so tax friendly for us to do in the years we made too much for a Roth. We are also rather late in the game for figuring out why you should consider rolling a 401K from a previous employer to a new rather than park it in an IRA, or at least not commingle the funds with other TIras, but then again there are now Roth 401Ks. I guess there have been some negatives to insisting on doing this ourselves. We have a FP now, but it probably would have come in handy earlier for strategizing the big picture.

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