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Rising Star
Yes and yes
Chief
Also traditional 401k and IRA have required minimum distributions once you reach age 72. So you might have to withdraw more than you want.
Chief
Yes but best bet is to leave some in Roth to keep enjoying tax free gains
Chief
Not to mention a mix of traditional and Roth is ideal so you can take advantage of standard/itemized deductions and pay no tax on traditional balances (no tax when contributed and no tax when withdrawn due to tax deductions allowed).
Asm1
In what instance would I be able to withdraw without paying taxes for deductions?
Chief
For example, standard deduction for married couple is $25,100 for 2021 so income up to that amount is tax free