I'm 71 and am receiving SS and Civil Service annuity payments monthly. I'm in the 22% tax bracket. I do not have to take an RMD for another 2 years. I have 2 traditional IRAs and the $30000 IRA is the smallest by far. Instead of rolling it over into the bigger one, I've been thinking of cashing it out to pay down the camper van. The interest on the loan on the campervan is running about $3600 a year. I'm just concerned there's something I don't know or didn't think about in taking a distribution from the IRA. Maybe it's just me but IRS rules can be extremely convoluted.
