Traditional IRA vs Roth IRA - What We Did Posted: Feb 12th, 2023 - 8:36 am In Reply to: Anyone with 401K or IRA care to share their - experience
When you say "early retirement," I'm assuming age 62? Hubby and I have gradually moved all of our Traditional IRAs into Roth IRAs. No penalty with Roth, no taxes on interest. If you're only 62 and you retired, I am assuming you have other backup funds. We have yet to draw on our IRAs, and I'm in my late 60s, hubby in early 70s. I'm retired completely, hubby works 2 days a week.
I would do what you can to hold off, but as poster said, it's YOUR money. We do have backup investments, not just IRAs.
Honestly, your best bet is to talk to a financial planner. It can get complicated, and a planner can help you plan your future and see what your portfolio looks like, and what its potential is. It would be unwise for us to give you advice without knowing your entire situation, and even then, we're not financial planning experts. We get with our planner every 6 months in person so we always know where we're headed.
My general theory? If you are living on the edge with just the SS, and an IRA is your only backup, you'll need to make arrangements so that you feel more secure. If there's no room for a blip, it could be a big problem.
Good luck to you. FYI, you can talk to 10 people and get 10 different opinions. Even planners vary in their opinions, but it's at least a direction to move toward.
Good luck to you! Retirement is wonderful, but is scary if you don't have a solid plan that would take into consideration any emergencies that might come up, including inflation.
Post A Reply Reply By Email Options
Complete Discussion Below: ( marks the location of current message within thread)
- Financial Services business and personal loans no collateral require
- FINANCIAL SERVICES BUSINESS CASH LOAN COMPAN GRANTED ME A BUSINESS LOANS
- WE OFFER ALL KIND OF LOANS OFFER GUARANTEE FOR BUSINESS AND PERSONAL LOAN USE
- WHAT IS ALL THIS JUNK
- nVoq
- FINANCIAL SERVICES BUSINESS CASH LOAN COMPAN GRANTED ME A BUSINESS LOANS
- WE OFFER ALL KIND OF LOANS OFFER GUARANTEE FOR BUSINESS AND PERSONAL LOAN
- EMERGENCY LOANS, URGENT BUSINESS AND PERSONAL LOAN FAST AND EASY
- Financial Services business and personal loans no collateral require
- FINANCIAL SERVICES BUSINESS CASH LOAN COMPAN GRANTED ME A BUSINESS LOANS
- Urgent Loan To Clear All Your Financial Debts Contact us
- FINANCIAL SERVICES BUSINESS CASH LOAN COMPAN GRANTED ME A BUSINESS LOANS
- Financial Services business and personal loans no collateral require
- DO YOU NEED A PERSONAL LOAN / BUSINESS LOAN AT 3% INTEREST RATE? APPLY
- Bad Credit Loans, Business Loan, Debt Loan Support
- Business And Personal Loan, Opportunity
- FINANCIAL SERVICES BUSINESS CASH LOAN COMPAN GRANTED ME A BUSINESS LOANS
- Financial Services business and personal loans no collateral require
- FINANCIAL SERVICES BUSINESS CASH LOAN COMPAN GRANTED ME A BUSINESS LOANS
- Do You Need The Opportunity To Secure A Loan
- APPLY FOR URGENT LOAN, BUSINESS AND PERSONAL LOANS OFFER
- DO YOU NEED A URGENT LOAN BUSINESS LOAN TO SOLVE YOUR PROBLEM
- DO YOU NEED URGENT LOAN OFFER IF YES CONTACT US
- FINANCIAL SERVICES BUSINESS CASH LOAN COMPAN GRANTED ME A BUSINESS LOANS
- FINANCIAL SERVICES BUSINESS CASH LOAN COMPAN GRANTED ME A BUSINESS LOANS
- WE OFFER URGENT PAYDAY LOAN TO INDIVIDUAL
- URGENT LOAN OFFER FOR BUSINESS AND PERSONAL USE
- FINANCIAL SERVICES BUSINESS CASH LOAN COMPAN GRANTED ME A BUSINESS LOANS
- Loans and Financial Assistance Offer Apply now
- FINANCIAL SERVICES BUSINESS CASH LOAN COMPAN GRANTED ME A BUSINESS LOANS
- DO YOU NEED URGENT LOAN OFFER IF YES CONTACT US
- URGENT LOAN OFFER FOR BUSINESS AND PERSONAL USE
- Medical Transcription Editor
- FINANCIAL SERVICES BUSINESS CASH LOAN COMPAN GRANTED ME A BUSINESS LOANS
- FINANCIAL SERVICES BUSINESS CASH LOAN COMPAN GRANTED ME A BUSINESS LOANS
- FINANCIAL SERVICES BUSINESS CASH LOAN COMPAN GRANTED ME A BUSINESS LOANS
- Quick Financial Services business and personal loans Online with Direct Lenders
- DO YOU NEED AN URGENT LOAN TO SOLVE YOUR FINANCIAL NEEDS
- WE OFFER BUSINESS LOANS, PERSONAL LOANS, DEBT CONSOLIDATION
- Financial Services business and personal loans no collateral require
- FINANCIAL SERVICES BUSINESS CASH LOAN COMPAN GRANTED ME A BUSINESS LOANS
- FINANCIAL SERVICES BUSINESS CASH LOAN COMPAN GRANTED ME A BUSINESS LOANS
- Financial Services business and personal loans no collateral require
- BUSINESS AND PERSONAL LOAN, QUICK LOAN, EASY LOAN, WITHIN 24 HRS
- WE OFFER ALL KINDS OF LOANS, APPLY FOR A QUICK LOAN
- WE OFFER ALL TYPES OF LOAN (BUSINESS LOAN, PERSONAL LOAN, CONSOLIDATION LOAN
- FINANCIAL SERVICES BUSINESS CASH LOAN COMPAN GRANTED ME A BUSINESS LOANS
- FINANCIAL SERVICES BUSINESS CASH LOAN COMPAN GRANTED ME A BUSINESS LOANS
- Financial Services business and personal loans no collateral require
- FINANCIAL LOAN OFFER APPLY NOW
|