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No. of Recommendations: 2
Sorry for your/his loss. And props to you for being such a good teacher.

He pointed out that his tax rate will only go up from here on out and he's right. Depending on the total amount he has inherited from the IRA, it may be a smarter move to take bigger distributions sooner than later.

Especially with the tax rates due to increase back to the previous rates after 2025 (unless Congress passes a new law), he may want to consider emptying the entire account in or before 2025. It would probably only make sense to do so if he doesn't bump himself into the next bracket.

No debt, paid off car and likely to soon buy a house(he owned one before but hasn't since changing locations a few years ago) and already pretty much enjoying his life.

I'm sure he/you have already thought of this, but the IRA might be good extra money for a down payment, or to do renovations.

AJ
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