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Investing/Strategies / Retirement Investing
|Subject: Re: Roth vs. Traditional IRA||Date: 8/31/2003 4:02 PM|
|Author: buzman||Number: 37069 of 75793|
I disagree with this statement. You have forced distributions at 70.5 and there's very little flexibility from there on out. My husband is currently 51 and it's looking like a train wreck to me on money we put in a traditional IRA while they were deductible for us way back in our 20s.
1. There are no mandatory distributions from a Roth. You may want to look into a conversion.
2. People grumble about the RMD, but remember you got a deduction. Plus you have had 20+ years of growth without the drag of taxes. I define a train wreck as a portfolio that was worth 1.5M in 1999 and now is worth 500k (so much for DIY). Very different from your circumstances.
3. Besides those were the rules when you started contributions, it just seems immature to want to complain now AFTER your investment grew.
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