Yes, however RMDs can mess with your plan and result in higher withdrawls/taxes than you'd like.

Sign up, and you'll be able to vote in polls. Sign up

Report problem with this ad

Jan 18, 2020
11:35:40am

Pimpin4Paradise All-American

Yes, however RMDs can mess with your plan and result in higher withdrawls/taxes than you'd like.

This message has been modified

Originally posted on Jan 18, 2020 at 11:35:40am

Message modified by Pimpin4Paradise on Jan 18, 2020 at 11:36:03am

Report problem with this ad

Pimpin4Paradise

Previous username: ChubbyChaser
Bio page: Pimpin4Paradise
Joined: May 2, 2008
Last login: Nov 12, 2022
Total posts: 56,121 (5,737 FO)

Report problem with this ad

Messages

Author

Time

401k question.

conetah

1/18/20 11:33am

Yes, however RMDs can mess with your plan and result in higher withdrawls/taxes than you'd like.

Pimpin4Paradise

1/18/20 11:35am

Correct but there are required minimum distributions that you have to make

RexIdaCoug

1/18/20 11:36am

Plus a good portion of your Social Security is taxable

JOPE

1/18/20 11:37am

85% will be taxable if you meet the threshold, which isn't hard to do.

RexIdaCoug

1/18/20 11:40am

Wow. I never knew SS income is taxed.

BringYourUltimate

1/18/20 11:59am

<< Deleted >>

Abe Froman

1/18/20 12:14pm

Why doesn’t every one prefer traditional? It seems like a no brainer.

conetah

1/18/20 12:08pm

I’m a fan of tax diversity in retirement. That gives you options

LaserCoug

1/18/20 12:36pm

Tax rates can change significantly, so think of adding a Roth IRA to your

BringYourUltimate

1/18/20 2:41pm

Set Tax Withholding for 401k

1/18/20 12:12pm

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad