Problem I see based on his posts is that this estate will be growing each and every year - in real terms.Except for NIIT (which might or might not be "fixed" at some point), mostly you only care about real growth, so sometime growth isn't as "bad" as it seems. And for most of us, the more we convert the lower the returns on deferred - both in amounts and in percentage - are likely to be.You should come up with a withdrawal plan for all your accounts which includes the future growth of your accounts. You might be surprised how much larger they will be in say 10-15 years.
This plan could include Roth conversions but also starting to spend down the accounts.
Good issue to have
So a plan for all count growth and drawdowns for the tax deferred is a best practice now given his/her choices for heirs and charities.
Statistics: Posted by smitcat — Wed Mar 06, 2024 5:45 pm — Replies 19 — Views 1759
