Search found 2 matches

by airstreamer2008
Fri Jul 13, 2018 10:40 pm
Forum: Personal Investments
Topic: massive Roth conversion
Replies: 40
Views: 4600

Re: massive Roth conversion

I saw that you are 50 years old. Have you begun to consider how and what you want to donate to charities? A friend of mine, CPA retired, told me about QCD or qualified charitable deductions that you make BEFORE AGI; best to check it out: Who can make a qualified charitable distribution? An individual donor can contribute up to $100,000 per year in QCDs, as long as that individual is 70½ years old or older. For married couples, each spouse can make QCDs up to the $100,000 limit for a potential total of $200,000. Here is a link to a brief discussion: https://www.kitces.com/blog/qualified-c ... uirements/ I'm thinking of doing a QCD after I consult a tax accountant.
by airstreamer2008
Fri Jul 13, 2018 10:27 pm
Forum: Personal Investments
Topic: Portfolio help - particularly with dilemma of Roth conversion
Replies: 8
Views: 1259

Re: Portfolio help - particularly with dilemma of Roth conversion

Any chance one of you might become self-employed in the future. I did IT consulting for many years. I started an SEP and saved much more :moneybag than I could with an IRA. Just a thought .... 8-)