Thoughts on this? I suppose it means prioritize SEPP and then spending from TIRA after 59.5
—If you want to pass on wealth to your kids and your spouse doesn't need your money, I would consider planning to spend down retirement rather than the taxable. The Secure Act 2.0 makes your adult kids drain retirement within 10 years. The taxable brokerage account passes on completely tax free with step up as long as you are under the state and federal limits. A Roth obviously though will pass through tax free anyway (but again, subject to estate taxes)
—If you want to pass on wealth to your kids and your spouse doesn't need your money, I would consider planning to spend down retirement rather than the taxable. The Secure Act 2.0 makes your adult kids drain retirement within 10 years. The taxable brokerage account passes on completely tax free with step up as long as you are under the state and federal limits. A Roth obviously though will pass through tax free anyway (but again, subject to estate taxes)
Statistics: Posted by airahcaz — Tue Nov 19, 2024 4:12 am — Replies 15 — Views 1358