ArkTinkerer
Full time employment: Posting here.
- Joined
- Aug 12, 2014
- Messages
- 584
As the title says, should you contribute to your Roth IRA in your retirement year? Quick facts, this would be the 2014 contribution, and I guess you could weigh in on doing a 2015 contribution but I'm pretty sure that isn't going to happen. I plan to work 6 months this year. I should almost max out the 401K contribution limit--rest is going into a stock purchase plan that looks to be about a 20% net (not yearly) return when I leave. Payments to the stock plan are taxable but if I hold the stock for 1 year it is considered long term gain so only 15% tax rate on gains. Stock has been paying 2-3% dividends reliably as well.
I just don't see any real gain to put money into the Roth IRAs and then start doing withdrawals the same year. I might have cash if I shuffle some accounts to do a deposit at the start of the year but the gains would be very minor for 6 months and we are basically going to be running on zero salary for those 6 months after maxing out those two items.
I just don't see any real gain to put money into the Roth IRAs and then start doing withdrawals the same year. I might have cash if I shuffle some accounts to do a deposit at the start of the year but the gains would be very minor for 6 months and we are basically going to be running on zero salary for those 6 months after maxing out those two items.