Quote:
Originally Posted by manaboutown
One thing I have done is move some of my liquid funds (cash) into an AMT-free municipal money market fund, SWWXX. Not much more I can do. It is more a protest statement than financially meaningful
|
We are now faced with RMD required minimum withdrawals from IRAs. Yes, I am aware of Roth conversions. We were in New York and it would have been subject to 6% state tax and 3% city tax. In any case I did not do it. IRA withdrawals are subject to your highest tax rate no long term gains etc. Be sure to check. I'm not a tax expert. You need to not touch the money or it is taxable. You can donate the money to a 5013c charity and no tax is due.