You would need $9.575m for the first RMD to get you into the 32% MFJ bracket (or slightly less assuming you get social security... but not that much less.) And that's today's bracket, who knows what it will be in 10 or more years.If the marginal tax rate at RMD age is 32% and you plan to work until retirement age this may make sense. The payment going to the mortgage payment could be now used to pay taxes on the Roth conversion of 120k per year and staying in the same tax bracket. If your IRA and 401k is aggressive, even with conversion, at RMD age you could still have 1M plus.
Why not just, you know, retire now and spend the money that's been saved?
Statistics: Posted by Admiral — Fri Jul 19, 2024 11:29 am — Replies 18 — Views 1267