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Message
re: Inherited IRA Question
Posted on 2/1/24 at 4:15 pm to slackster
Posted on 2/1/24 at 4:15 pm to slackster
quote:
Once that’s done, you should consider how much room you have in your tax bracket each year if you plan to spend it down quicker than the RMDs. Again, consult CPA. All at once is rarely a good idea, even with interest rates on debt.
I took that into consideration. I could take half and keep us in the same tax bracket and then take the other half another time or just disbursements from there on out.
The student loans are still $30k and I like the idea of debt free minus the house.
I guess I should find a CPA. Was hoping it was a simple answer.
Posted on 2/1/24 at 4:29 pm to HoustonChick86
I get it. It could be a good idea but you really want to address the missed RMDs asap.
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