Looking for some HD input on my impending retirement at the end of 2025. I will be pulling out a significant sum from my Employer's 3rd party managed retirement fund and rolling over to a Traditional IRA that I will self manage. I will be 64 when I officially leave full time employment. Here are my specific questions:
1) I am looking for a simple strategy for reinvestment of these funds and considering a balanced distribution into a) S&P 500 ETF (IVV, VOO) b) Dividend ETF (VNQ,SCHD) c) Higher Yielding Covered Call (JEPI, JEPQ) and d) Money Market. What am I missing with this strategy? I will not be using these funds until a decade out from my retirement date 2035-6
2) Roth Conversions - I will not have any W2 income for year 2026 and thinking of converting portion of this Traditional IRA to Roth for legacy giving and inheritance. Recent input mentions doing this over 5-6 year period for paying the taxes and prior to receiving Social Security. Looking to validate or challenge this strategy? I am grateful for the collective wisdom and insight in this next season of life and the input of the HD community Best
Kevin Cady
Jonathan,
I have gleaned incredible insights over the years by your articles and this forum of diverse writers. As I near the bend for retirement, I was wondering if there are any organizations that help promote and educate financial literacy to the next generation. I have encouraged many young investors along this path to open a brokerage account and Roth IRA starting with S&P Index Fund. Just wondering how to pursue this from volunteer basis? Open to suggestions from you and your readers.
Grace and Peace,
Kevin Cady
The ancient text by King Solomon, The Book of Ecclesiastes touches the notion of time, vanity, futility, eternity and even investment diversification (vs 11: 2). He has set eternity in our hearts….a sobering book of wisdom by the wealthiest man of his day appropriate for our contemplation and consideration today.
Comments
Looking for some HD input on my impending retirement at the end of 2025. I will be pulling out a significant sum from my Employer's 3rd party managed retirement fund and rolling over to a Traditional IRA that I will self manage. I will be 64 when I officially leave full time employment. Here are my specific questions: 1) I am looking for a simple strategy for reinvestment of these funds and considering a balanced distribution into a) S&P 500 ETF (IVV, VOO) b) Dividend ETF (VNQ,SCHD) c) Higher Yielding Covered Call (JEPI, JEPQ) and d) Money Market. What am I missing with this strategy? I will not be using these funds until a decade out from my retirement date 2035-6 2) Roth Conversions - I will not have any W2 income for year 2026 and thinking of converting portion of this Traditional IRA to Roth for legacy giving and inheritance. Recent input mentions doing this over 5-6 year period for paying the taxes and prior to receiving Social Security. Looking to validate or challenge this strategy? I am grateful for the collective wisdom and insight in this next season of life and the input of the HD community Best Kevin Cady
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Link to comment from January 9, 2025
Thanks Jonathan for quick response.
Post: How Quickly We Forget by Jonathan Clements
Link to comment from December 6, 2024
Jonathan, I have gleaned incredible insights over the years by your articles and this forum of diverse writers. As I near the bend for retirement, I was wondering if there are any organizations that help promote and educate financial literacy to the next generation. I have encouraged many young investors along this path to open a brokerage account and Roth IRA starting with S&P Index Fund. Just wondering how to pursue this from volunteer basis? Open to suggestions from you and your readers. Grace and Peace, Kevin Cady
Post: How Quickly We Forget by Jonathan Clements
Link to comment from December 6, 2024
The ancient text by King Solomon, The Book of Ecclesiastes touches the notion of time, vanity, futility, eternity and even investment diversification (vs 11: 2). He has set eternity in our hearts….a sobering book of wisdom by the wealthiest man of his day appropriate for our contemplation and consideration today.
Post: The Dance of Time
Link to comment from September 3, 2024
Are not bond returns taxed similarly as ordinary income ? Thanks for the response in advance.
Post: JEPI as a Bond Substitute? Don Quixote Confronts the Windmills by Steve Abramowitz
Link to comment from August 28, 2024