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Comments:
True, but what you're missing is that the tax you pay out (and no longer have) on the Roth conversion would have also grown at that same rate as the Roth account growth - so the ultimate traditional vs Roth IRA decision always comes down to tax bracket arbitrage - except we don't really know future tax brackets so tax diversification makes lotsa sense. Secondarily of course, Roth accounts have obvious legacy benefits.
Post: Called to Account
Link to comment from January 27, 2024
One great potential source of retirement income is through alternative investments like real estate funds (mostly multifamily rentals but also self-storage, industrial, retail, office, etc) or syndications, debt funds, private equity funds, cannabis funds, litigation finance funds, etc. Now usually you do need to be an "accredited investor" meaing a $1 M net worth or income of $200,000 (single) or $300,000 (joint). You will average out MUCH more than the 4% withdrawal rate often used as he (very rough) withdrawal guesstimate (more like 9% cash on cash returns). You receive quarterly or sometimes even monthly distributions and by diversifying it will give a nice margin of safety even in this more difficult higher interest rate environment. I belong to such 2 online investment groups with daily, deep dives into these investments. I could never do the necessary due diligence otherwise. It has taken all of my SORR (sequence of returns risk) worry out of the retirement equation.
Post: Retirement Roulette
Link to comment from November 25, 2023
Also regarding death of a spouse - beyond the decreased income, the surviving spouse now jumps into a higher tax bracket ('widower's penalty') as a new 'single' from 'married filing jointly'.
Post: What to Worry About
Link to comment from August 10, 2022
I would love for you to expound on the fact that most people had a different world view - can you be specific, even if you need to get political. Also, did this fact enter into your decision to relocate at all?
Post: Farewell Paycheck
Link to comment from July 27, 2022
I thought this site was called HUMBLEdollar?!!
Post: Five Times Lucky
Link to comment from January 29, 2022