Timing of withdrawl from 401K

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Married, age 65 and 63, retirement at least 2 years off; annual income approximately $75,000. $60,000 in 401K.

Should we move it all into a taxable account in 2009 to avoid the programmed tax increase in 2010; or should we redeem it and pay the taxes as needed even though the tax rate will be much higher?

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Submitted by EddyG on 10 June 2009 - 7:24am.
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Comments

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From: Dick Munroe

See this case study:

http://www.esplanner.com/case-convert-your-ira-roth

For details on answering this question.

Best,

Dick Munroe

2009-06-11 16:40