well, I'm trying to figure it out myself, but for example people say "consume taxable first, then tIRA, then Roth". One way to chip at the tIRA in a tax efficient manner (assume no conversions) would be to draw enough from the tIRA to meet the standard deduction or maybe even the 10% bracket, then switch to your brokerage to complement what you need, and quite possibly stay in the 0% capital gains for a total of 0% tax liability. Heck you could even draw from Roth if you need more than what you get by staying in the 0% LTCG.I'm not aware of any tool that will automate taking a little from one account and a little from another. Raspberry-503 didn't explain why that's a good idea
Not saying it's the smart thing to do, especially pulling form Roth when you have taxable handy, but it would be interesting to see if chipping at the tIRA every year beats the tax deferral.
Statistics: Posted by Raspberry-503 — Sat Oct 26, 2024 2:12 am — Replies 126 — Views 9804