Are the posted questions getting worse?

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Are the posted questions getting worse?

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Brandie Tarvin SSC Guru Points: 173135 More actions · Answer 1

I have decided that for me, if I can manage it, retirement looks like me transitioning to a lower paid job for a year or two so I can convert my 401k to a Roth 401k, pay lower taxes on the conversion amounts, lower my RMDs, and then be able to take the money out of the Roth when I want without having to worry about additional taxes.

That's assuming my body lasts long enough to do that. @=)

Brandie Tarvin, MCITP Database AdministratorLiveJournal Blog: http://brandietarvin.livejournal.com/[/url]On LinkedIn!, Google+, and Twitter.Freelance Writer: ShadowrunLatchkeys: Nevermore, Latchkeys: The Bootleg War, and Latchkeys: Roscoes in the Night are now available on Nook and Kindle.

Steve Jones - SSC Editor SSC Guru Points: 742273 More actions · Answer 2

jasona.work wrote:

Just a heads up for Steve Jones, the links to comment on the editorial from today "Would You Retire Rather Than" aren't working. And I was all set to comment.

Might work now. There doesn't appear to be a top level comment, but I added one. Try again

Steve Jones - SSC Editor SSC Guru Points: 742273 More actions · Answer 3

Interesting, I hadn't thought about converting to a Roth. My 401 isn't that large, as I've moved a lot of previous ones into qualified accounts already, but not a bad idea to think about if I find another job. Right now, I hope I don't change jobs and keep doing this for 10 more years.

Brandie Tarvin SSC Guru Points: 173135 More actions · Answer 4

Steve, if you moved your funds to traditional IRAs, then you have a lot of pre-tax money (potentially) with RMDs (Required Minimum Distributions) coming up in your retirement.

RMDs work on a Bell curve, sort of. You start of with a smallish amount that balloons a few years in, and depending on how much total pre-tax funds you have and your "current" age, you might end up forced to take a huge chunk of money out of your retirement accounts whether you want to or not.

If you are currently working a lower-tax bracket job, anything below 24 - 26%, you should consider converting some of those traditional to a Roth if you're eligible. I advise reaching out to a financial advisor to discuss your options. Maybe it's better to leave it pre-tax. Maybe it's not. If your estimate for retirement is getting more money than you get now, it's definitely worth checking into moving between pre and post tax accounts.

Brandie Tarvin, MCITP Database AdministratorLiveJournal Blog: http://brandietarvin.livejournal.com/[/url]On LinkedIn!, Google+, and Twitter.Freelance Writer: ShadowrunLatchkeys: Nevermore, Latchkeys: The Bootleg War, and Latchkeys: Roscoes in the Night are now available on Nook and Kindle.

Steve Jones - SSC Editor SSC Guru Points: 742273 More actions · Answer 5

I'm not sure the RMD is an issue for me. We're in a good place and are likely to eat up funds beyond the RMD after 70 to enjoy life. I'm looking to leave my kids something, but not a lot and we want to travel and see the world.

I'll ask my guys ( we meet with them soon). I could certainly think about rolling over my Redgate money if I needed to.