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Apr 8, 2021
3:16
:55
pm
molodyets
Mortgage guy in all 50 states
A backdoor is usually good when you can do it. The issue with talk on Roths is people compare marginal to marginal
rather than marginal currently to estimated effective tax rate in retirement.
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molodyets
Previous username
patches1391
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molodyets
Joined
Mar 26, 2006
Last login
Apr 19, 2024
Total posts
43,142 (19,244 FO)
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Messages
Author
Time
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
4/8/21 3:02pm
What do you think about living from a Roth IRA/401k while replenishing...
OPINIONS
4/8/21 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
4/8/21 3:16pm
<< Deleted >>
OPINIONS
4/8/21 3:24pm
I’ve always felt the employer match along with earning % over 30+ years
USMCdad
4/8/21 3:11pm
My understanding is this sentence is incorrect:
JuicyJam
4/8/21 3:12pm
(often/some)times, you're disqualified from ROTH contributions too.
grosven
4/8/21 3:17pm
I argued this same thing with multiple people, for years. I only contributed to
grosven
4/8/21 3:14pm
Roths are incredibly important for the purposes of being able to access retirement funds before 59 1/2.
TheLoneCougar
4/8/21 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
4/8/21 3:19pm
I take advantage of both in the sense of traditional 401k but use Roth IRAs for my wife and I.
TheLoneCougar
4/8/21 3:37pm
Actually tax rates are definitely going to be higher in the future. Demographics
Nat Gas Man
4/8/21 4:32pm
You can access your retirement money before 59 1/2 without penalty
Acorn
4/8/21 4:59pm
What are those requirements?
TheLoneCougar
4/8/21 5:19pm
Substantially equal payments.
Acorn
4/8/21 5:25pm
Cool, I'll check it out.
TheLoneCougar
4/9/21 7:30am
I disagree with most of their logic. It may make sense for the person making the
hansel
4/8/21 3:23pm
They should be converting traditional accounts to ROTH over time (if they are not receiving W2 income).
TheLoneCougar
4/8/21 3:39pm
This article is specifically targeting people that live on much much less than
BYUFootballisBack
4/8/21 3:43pm
I'll read it later, but a 30 second skim looked like some possible bad math.
Byron McNertney
4/8/21 3:45pm
while I think there's something of value in there...
The Shazad
4/8/21 4:20pm
You can't deduct contributions to a traditional IRA if you make more than $125,000 if you are married
YIsForBrigham
4/8/21 3:46pm
Still applicable to 401k choice, and if your wife doesn’t work then you can max her trad IRA
molodyets
4/8/21 3:47pm
If you make more than 208k, you can't deduct spousal contributions either. The choice of 401k applies though
YIsForBrigham
4/8/21 3:57pm
Does anyone know a family with $54k in annual income that is A- looking at early
chrisrenrut
4/8/21 4:44pm
There is a whole community of them that, roughly, fit that description.
TheLoneCougar
4/8/21 4:51pm
My wife and I were in that situation for a year, savings were high 30s - low 40s
BYUFootballisBack
4/8/21 5:03pm
I know I'm late to the party, but these are two great articles to read when talking early retirement
supertux
4/9/21 7:34am
It seems that if you are a high income individual, a traditional contribution with a backdoor Roth conversion is the way
YIsForBrigham
4/9/21 11:00am
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