I'll be turning 72 next year, with a 401-K and an original IRA. With RMDs on the horizon, what's my best course of action? I'm receiving info about converting to Roth IRAs to save on taxes, but I really don't know if that's a good idea, or who to trust. Thanks in advance.

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Ask multiple advisors about the following:

QCD lets you make donations to church or other charity direct from IRA. You don’t get a charitable deduction but if you use standard deduction you don’t lose anything. The distribution is not treated as taxable income which helps you avoid both increased Medicare IRMA premiums and losing the new OBBBA senior deduction. But the distribution does count towards your annual required minimum distribution.

Even if you set up a back door Roth from your 401k using a new IRA any distributions will be treated as pro rata coming from both your old and new IRAs. Ask advisersabout pro rata rule. So Roth may not work.

Consider the state you live in now and whether you might move later to a no income tax state. Also some states do not tax social security. Talk to a tax adviser.

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Can’t really answer that without any information. Converting may make sense or not.

What tax bracket are you now? How much do you have in pretax IRA/401k? What do you expect RMD to be? Etc

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No offense, but you cannot expect quality tax advice based on a one sentence post online.

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My first thought is QCD’s since you meet the age requirement and are concerned about RMDs. You likely would benefit from a consultation with a fee only financial advisor (vs fee based, where portion of compensation is based on commissions from investment products).

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