Message Font: Serif | Sans-Serif
No. of Recommendations: 1
I've actually been discussing a strategy similar to Bill's with DH recently, so this discussion is very timely for me. I had not considered VKG's idea of converting funds to a Roth instead of pulling them out and putting them in taxable accounts. Unless we increase our spending goals, we are likely to leave a good sum to our kids when we die. Though the non-spousal inherited Roth will still be subject to RMDs, IMO this is still a better way to inherit money, and will allow us to control our taxable income better in life.

Any glaring pitfalls? We've avoided converting our traditional IRAs to roths at this time because of high taxes, but this will go down considerably in retirement.

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.