Sorry, guy, I do not nor will I ever like generic financial advice. Every situation is different.
This one is not just about IRAs. It could be about a large capital gain from a stock sale in a taxable account or a sale of a secondary residence or one not held for 2 years as the primary.
I am not a high net worth woman. I just happen to be an aware woman and if IRMAA is lurking around the corner, I think people should know they have a choice — if they want it — to give the amount that crosses the threshold to charity by using QCDs for some or all of the amount of the RMD.
As far as those sweet-spot conversions go, I remain a proponent of at least learning about what you might be able to do. A conversion could end up being money for yourself down the road, not just for your heirs. You might need it to pay for your own healthcare someday.
Like a previous poster here, I, too, am appalled at the “I got mine. Too bad ya don’t got yours” philosophy of those who cannot see that especially for those younger than us, there are many hard-working people who have been hit with obscene medical insurance and pharmaceutical costs, student loans that often look like usury lending, and ridiculous costs of housing.
And about that tax cut for high net worth taxpayers and corporations — well, how’s that working for us regular people now?
I am not into giveaways, but I am waaaaay into fairness — and I am worried that as a country, we could collapse under greed — and hate.
Ya know, sometimes it’s good to be old.
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Oh my, I sure jumped the track on that one. Not mad at you, guy. Just plain mad right now.