Roth Ira

I’m 51, earn $ 129K and I have $ 165K in my 401 (k). Can I afford to retire when my husband, 59, attracted social security to 62?

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I’m 51, earn $ 129K and I have $ 165K in my 401 (k). Can I afford to retire when my husband, 59, attracted social security to 62?

“We would have reduced our house and probably move to a country with less ownership taxes (we currently live in Texas).” (Photons are models.) – Getty Images/Istockphoto I really appreciate your column and the tips you provide. I was considering “retiring” early to have more time with my husband in our young years. We were … Read more

At 62, the conversion of $ 90,000 a year from my $ 900K 401 (k) good move to avoid RMD?

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At 62, the conversion of $ 90,000 a year from my $ 900K 401 (k) good move to avoid RMD?

Smartastit and Yahoo Finance LLC can earn a commission or revenue through links in the content below. Conversion to late life Roth can take some sophisticated mathematics. As retirement approaches, one of the most important issues will be how to manage your retirement income taxes. For households that rely on portfolios before taxes, such as … Read more

Should I start converting $ 120,000 a year from my IRA of $ 1.2 million to Roth at the age of 60?

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Should I start converting $ 120,000 a year from my IRA of $ 1.2 million to Roth at the age of 60?

Smartastit and Yahoo Finance LLC can earn a commission or revenue through links in the content below. If you are 60 years old with $ 1.2 million saved for retirement in traditional IRA, you may start thinking about the necessary minimum distributions (RMD) and the huge annual tax account they can create after you are … Read more

I’m 61 with $ 890K in my IRA. Do I have to convert 10% annually to avoid taxes and RMD in retirement?

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I’m 61 with $ 890K in my IRA. Do I have to convert 10% annually to avoid taxes and RMD in retirement?

Do you have to convert your IRA to avoid taxes and RMD? It depends on your approach and income. Smartastit and Yahoo Finance LLC can earn a commission or revenue through links in the content below. When should you use Roth Ira to manage your taxes? When you hit your 60s, it is customary to … Read more

What is a realistic retirement budget? I’m 62 with $ 890K in 401 (K), $ 115K in Roth Ira and I am entitled to social security.

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What is a realistic retirement budget? I’m 62 with $ 890K in 401 (K), $ 115K in Roth Ira and I am entitled to social security.

Smartastit and Yahoo Finance LLC can earn a commission or revenue through links in the content below. Over the bigger part of the decades that are financially preparing for retirement, you are probably focused on saving as close as you can get to the recommended amount without worrying too much about the details. However, as … Read more