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Retiree, 70, Seeks Way to Shift $1 Million IRA Without Hurting Wife's Subsidy
Original: He's 70 and Wants to Move $1 Million Out of a Traditional IRA Without Costing His Wife Her Subsidy. Two Birthdays Decide How
A 70-year-old man with $1 million in a traditional IRA is looking for a way to move or withdraw the money without raising household income enough to cost his wife her health insurance subsidy. Commenters point out that two upcoming birthdays — his wife reaching Medicare eligibility age and required minimum distributions beginning — will shape which strategy works. The case highlights how Roth conversions, withdrawal timing and ACA subsidy cliffs interact for older American couples.
Why now: Retirement withdrawal timing and ACA subsidy cliffs are a common anxiety for Americans approaching Medicare age, making this dilemma broadly relatable.
Traditional IRAMedicareAffordable Care Act subsidies
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- He's 70 and Wants to Move $1 Million Out of a Traditional IRA Without Costing His Wife Her Subsidy. Two Birthdays Decide How · 24/7 Wall St.
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