At retirement, where should I take withdrawals first: regular IRA or Roth IRA?
Current age is 64, have about $60k in Roth, and $145k in IRA. Am looking to supplement my pension and social security with about $500 per month.
Aside from withdrawing $500 per month I am trying to pay the least amount in taxes and allow the nest egg to grow as long (and large) as possible.
Well, you are required to take money out of your regular IRA so I would start there.
To minimize, you must determine their tax liability, which effects under distribution have of your retirement accounts, dh you Renten-und SS, those possibly to it lead could some SS too pay duty if you a spreading of its Irish Republican Army, that could more from their ss a cause be taxpayers and for larger incomes, on that you taxed will in Roth of the tax freely passing on and distribution, so that, if everything that first, the start does not become to connecting piece, it influence on the controllable income (and above all the taxpayers part of your SS would be)
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