income tax strategy
To achieve optimal savings from the new lower tax rates, that apparently will “snap back” in 8yrs, should I pull some $ out of IRA/brokerage accts. (thus taking advantage of lower tax rate, but muting future growth), or leave $ in till the RMDs kick in (I’d be paying more in taxes , but would have much more) … how does one find a “great” tax expert?
Terry Says
That’s a silly idea. Who knows what Congress will do in the next 8 years?! Instead, keep your money inside your tax-deferred account and convert a portion of your IRA to a Roth every year, paying taxes at your current low rates. Then the money will continue to grow tax-free — and you can withdraw it tax-free if the government keeps its promise on Roth IRAs.
