If you are trying to keep AGI stable, remember your wife has 10 years (starting in 2025) to liquidate the TIRA. You could take out 1/10th in 2025, 1/9th in 2026, ending in 2034 with a 1/1 withdrawal which would empty the IRA.Very helpful everyone; thanks so much!
Think we'll withdraw $5k this year, to ensure the RMD is satisfied. We would be withdrawing $5k from a different account this year anyway, so even if she already took her RMD this year, we're in a good spot. Then, starting next year, we plan on taking between $20k-$25k/year until the total is depleted.
If this is the last year you need ACA subsidies, then- never mind, as Emily Litella says.
Statistics: Posted by Navillus1968 — Tue Dec 17, 2024 11:17 am — Replies 5 — Views 328