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The only significant funds I have are in the IRA (85%) and ROTH (15%). I don't expect to ever spend my ROTH, though I will if the IRA ever runs out. - RHinCT


Since you and your wife are both retired, you likely are in a low tax bracket. You should consider doing Roth conversions each year to use up the remainder of whatever tax bracket you are in.

I have been doing this for years. One of the mistakes I made early on was to have 20% of the converted amount withheld for federal taxes. So only 80% of my IRA dollars were making it to my Roth. I wised up a few years ago and stopped the withholding on the conversion so 100% of the converted amount made it to the Roth. I starting paying the taxes with funds from an after tax account. Also keep an eye on IRMAA adjustments to your Medicare premium, Roth conversions count towards that calculation.
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