I am starting to think that this is probably a good time to start seriously doing Roth conversions of stocks you want to keep. The market is down, will eventually go back up, so move those gains to untaxed Roth instead of taxed IRA. Gets it out of your RMD as well—if that’s a consideration.
You eventually have to pay tax on the money you take out of an IRA, the only question is when you pay that tax. Better to pay 22% now instead of 25% later. Better to pay the tax as married/joint now than single later.
Ugly thing is, if you pay your tax with IRA funds (either directly or indirectly) that money is also subjected to tax–a double whammy.
::sigh:: For so many years of retirement we were in the lowest tax bracket, 12% or 15%. Now being in 22%/25% it is painful. LOL, first world problem.