From your ages, it looks like your RMDs start at age 73 and hers at age 75. With the 4-year age difference, that allows 6 more years for congress to again change (extend or even eliminate?) the RMD age for her. I vote for converting his first.
I am sensitive to this issue because I got caught in the Secure Act 2.0 RMD age adjustment. Mine start at 73. My wife, just 1 year younger starts at 75, 3 years after me. I had converted away all of her traditional since it was smaller, eliminated one account, and did away with the need to track some basis. How much difference could one year make after all? We would have done better to work down my balance first.
I am sensitive to this issue because I got caught in the Secure Act 2.0 RMD age adjustment. Mine start at 73. My wife, just 1 year younger starts at 75, 3 years after me. I had converted away all of her traditional since it was smaller, eliminated one account, and did away with the need to track some basis. How much difference could one year make after all? We would have done better to work down my balance first.
Statistics: Posted by Svensk Anga — Sat Jan 27, 2024 9:08 am — Replies 15 — Views 576