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

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Jan 18, 2020
11:36:02am

RexIdaCoug All-American

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

But if you meet those RMDs then you can take as much or little as you want. This is a very common tax planning strategy.

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RexIdaCoug

Bio page: RexIdaCoug
Joined: Nov 17, 2006
Last login: May 2, 2024
Total posts: 17,369 (2,312 FO)

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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

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