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>> I will start to liquidate non-tax sheltered assets for living expenses, but on advice of my CPA, I will start to use my IRA accounts, at least liquidate them to convert to Roth IRA's. She says until age 71½ we will be in a "tax holiday" and we should reduce our conventional IRA's and 401K's as much as we can without tilting the tax scale too heavily. I would appreciate the thoughts of this august group, as well. <<

Ah. So what are you doing, then -- withdrawing as much as you can from these accounts (or recharacterizing portions into a Roth) as long as you have room in a lower tax bracket to do so? If that's what you're doing, it makes sense to me.

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