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Originally Posted by Pocopsonite
We're 68. Looked into the conversion awhile back (with the help of our accountant) and decided against it. Mostly because of the taxes. But partly because we're not convinced Roth IRAs will always be tax-free at withdrawal time. Social Security payments weren't taxable when they first started . . .
No kids, no GKs, just some charities that will remember us fondly and some younger sibs and their kids who will be amazed. (We live well below our means.)
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Do consult a good estate planning attorney to be sure you are maximizing those inherited IRA's. The designated beneficiary rules make a huge difference if you are leaving funds to younger folks. If done properly, this rule allows the funds to remain in an IRA tax deferred. There are other rules for charitable beneficiaries.