The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: Roth investing/withdrawing at 60||Date: 3/15/2012 3:19 PM|
|Author: 0x6a74||Number: 70360 of 76237|
I think this all depends on tax rates. Many are surprised to their tax rate increases in retirement between Social Security, pensions, investment income, and eventually mandatory distributions.
i was surprised how much my taxes dropped ..
But to make Roth conversion on a large account that incurs a sizable tax bill at upper bracket rates is not worth it. I'd rather wait and pay later--waiting for something better to come along.
maybe part of the 'confusion' in this thread:
large conversion v
small conversion v
contributions (before and after age 59.5?)
OP is talking about the third
[ i've been doing small conversions trying to keep the taxes low in order to (1) minimize RMD and (2) leave more tax-free stuff to heirs
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|