Originally Posted by DFW_M5
One other comment on why my tax deferred port is large. I worked for 26 years at a large mega-corp, retired at 54, and elected to take my pension as a lump sum which was then rolled over into an IRA. Also, went back to work and had several more years of 401K contributions.
Exactly the same here. My mega-corp had a very generous defined benefits plan and I had the option of a pension or a lump sum. I took the lump sum. I also generated a large 401k over the years because our plan allowed us to buy individual stocks and I chose techs all thru the 90s.
So after rolling the lump sum into my IRA at retirement, it was a substantial amount of money and after recent market performance, the RMD is still 10 years away but I can envision 50% tax rate by then.