Talk of The Villages Florida - View Single Post - Why You Want To Spend Your IRA Money Before You Die
Thread: Why You Want To Spend Your IRA Money Before You Die
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Old 10-31-2022, 03:34 PM
retiredguy123 retiredguy123 is offline
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Originally Posted by Altavia View Post
Given taxes are likely to go up and my heirs are likely to already be in a high tax bracket when I pass, I'm wondering if it better to cash out my IRA's over the next X years at what will likely be a lower tax rate than the heirs will pay?
You can do a Roth conversion over time, pay the tax, and continue to earn tax free income. And, your heirs will owe no taxes when they inherit the Roth.