Recent content by CJ29621

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    Estimated Tax Calculation Method for Quarterly IRA Withdrawals

    April would be the first estimated tax payment. I know I could pay an equal amount each quarter (that's what I currently do when I take a full years worth of distribution in Feb) but what if I don't need that amount by year end and just distribute quarterly what I need... how do I calculate the...
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    Estimated Tax Calculation Method for Quarterly IRA Withdrawals

    For the past few years I have withdrawn enough funds in January to live off of for the year and held them in an Ally account paying 4% interest. Based on that acton, I would pay the same quarterly estimated Fed and State taxes when due through out the year. For 2025 I'm planning on withdrawing...
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    Converting traditional IRAs to Roths

    IRA, 401K accounts that are pre-tax.
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    Do you hesitate using 401(k) money because of taxes?

    There are several points to consider when evaluating whether to perform Roth Conversions or follow the Uncle Sam Plan (paying RMDs for the rest of your life): Future Tax Rates: Do you believe taxes rates and brackets will be higher in the future? We know, short of congressional action, that the...
  5. C

    Converting traditional IRAs to Roths

    There are several points to consider when evaluating whether to perform Roth Conversions or follow the Uncle Sam Plan (paying RMDs for the rest of your life): Future Tax Rates: Do you believe taxes rates and brackets will be higher in the future? We know, short of congressional action, that the...
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