Timeline for Tax Strategy: Take Inherited Traditional IRA deduction now, or let the money ride?
Current License: CC BY-SA 4.0
6 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Jan 1, 2020 at 23:31 | comment | added | TTT | @JTP-ApologisetoMonica - if there's a way to convert the trad IRA to a Roth IRA, while using the $50K loss to offset the tax normally owed on the conversion, then this is the perfect solution. | |
| Jan 1, 2020 at 9:46 | comment | added | Bryce | The The SECURE Act effective January 1, 2020 modifies the stretch IRA in ways that make this even more complex to calculate. Yeah, that's the Setting Every Community Up for Retirement Enhancement Act. | |
| Jan 1, 2020 at 9:42 | comment | added | Bryce | As an inherited IRA, I don't think the 10% early penalty applies, right? | |
| Jan 1, 2020 at 5:12 | history | edited | nanoman | CC BY-SA 4.0 |
added 144 characters in body
|
| Jan 1, 2020 at 4:30 | comment | added | JTP - Apologise to Monica♦ | Instead of a withdrawal with potential 10% penalty, how about a Roth conversion? | |
| Jan 1, 2020 at 4:18 | history | answered | nanoman | CC BY-SA 4.0 |