Depending on your age and situation, it might be more advantageous to do a ROTH conversion instead of just pulling the money out of the IRA. If you won't need the money for at least five years and you can pay the taxes due on the conversion with other funds (e.g., out of your checking account), instead of having them withheld from the conversion amount, you will likely come out much ahead doing the conversion. I don't know how you go about accounting for the annuity.
Statistics: Posted by Rocinante Rider — Fri Feb 23, 2024 3:50 pm — Replies 3 — Views 515