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Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
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Experience:  10 years experience
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I am 60 and recently retired. I get a pension that doesn't

Customer Question

I am 60 and recently retired. I get a pension that doesn't cover monthly expenses. The additional money I get from investment accounts and all taxable. I've been thinking of taking distributions from my Roth to reduce the tax burden. My expenses are higher now than they will be in 5 years. Is it a good idea to use a Roth now or let it grow tax-free and use other taxable accounts like I have been doing?
Submitted: 3 months ago.
Category: Tax
Expert:  Mark Taylor replied 3 months ago.

Hi, my name is Mark. I will be happy to help you with your questions. Let me get a bit more information from you. Are you married? Approximately what is your Adjusted Gross Income? Do you usually itemize?

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