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Apr 8, 2021
3:08
:38
pm
OPINIONS
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What do you think about living from a Roth IRA/401k while replenishing...
... with a backdoor Roth conversion? Seems like an effective strategy to maintain as low of a tax rate in retirement as possible. Unless I'm misunderstanding something.
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sheriffcreg
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Here's a periodic reminder that for most people, Roth accounts are overrated and people don't look at the big picture
molodyets
Mortgage guy in all 50 states
Apr 8, 3:02pm
What do you think about living from a Roth IRA/401k while replenishing...
OPINIONS
Apr 8, 3:08pm
A backdoor is usually good when you can do it. The issue with talk on Roths is people compare marginal to marginal
molodyets
Apr 8, 3:16pm
<< Deleted >>
OPINIONS
Apr 8, 3:24pm
I’ve always felt the employer match along with earning % over 30+ years
USMCdad
Apr 8, 3:11pm
My understanding is this sentence is incorrect:
JuicyJam
Apr 8, 3:12pm
(often/some)times, you're disqualified from ROTH contributions too.
grosven
Apr 8, 3:17pm
I argued this same thing with multiple people, for years. I only contributed to
grosven
Apr 8, 3:14pm
Roths are incredibly important for the purposes of being able to access retirement funds before 59 1/2.
TheLoneCougar
Apr 8, 3:16pm
This is true, I was speaking more towards the generic advice of "if you think your tax rate will be higher in retirement
molodyets
Apr 8, 3:19pm
I take advantage of both in the sense of traditional 401k but use Roth IRAs for my wife and I.
TheLoneCougar
Apr 8, 3:37pm
Actually tax rates are definitely going to be higher in the future. Demographics
Nat Gas Man
Apr 8, 4:32pm
You can access your retirement money before 59 1/2 without penalty
Acorn
Apr 8, 4:59pm
What are those requirements?
TheLoneCougar
Apr 8, 5:19pm
Substantially equal payments.
Acorn
Apr 8, 5:25pm
Cool, I'll check it out.
TheLoneCougar
Apr 9, 7:30am
I disagree with most of their logic. It may make sense for the person making the
hansel
Apr 8, 3:23pm
They should be converting traditional accounts to ROTH over time (if they are not receiving W2 income).
TheLoneCougar
Apr 8, 3:39pm
This article is specifically targeting people that live on much much less than
BYUFootballisBack
Apr 8, 3:43pm
I'll read it later, but a 30 second skim looked like some possible bad math.
Byron McNertney
Apr 8, 3:45pm
while I think there's something of value in there...
The Shazad
Apr 8, 4:20pm
You can't deduct contributions to a traditional IRA if you make more than $125,000 if you are married
YIsForBrigham
Apr 8, 3:46pm
Still applicable to 401k choice, and if your wife doesn’t work then you can max her trad IRA
molodyets
Apr 8, 3:47pm
If you make more than 208k, you can't deduct spousal contributions either. The choice of 401k applies though
YIsForBrigham
Apr 8, 3:57pm
Does anyone know a family with $54k in annual income that is A- looking at early
chrisrenrut
Apr 8, 4:44pm
There is a whole community of them that, roughly, fit that description.
TheLoneCougar
Apr 8, 4:51pm
My wife and I were in that situation for a year, savings were high 30s - low 40s
BYUFootballisBack
Apr 8, 5:03pm
I know I'm late to the party, but these are two great articles to read when talking early retirement
supertux
Apr 9, 7:34am
It seems that if you are a high income individual, a traditional contribution with a backdoor Roth conversion is the way
YIsForBrigham
Apr 9, 11:00am
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