TrophyWife
Recycles dryer sheets
- Joined
- Feb 23, 2016
- Messages
- 158
We are 52 and financially independent and debt free. My husband will work for a few more years at his second act, to pile up some more cash. (We have expensive tastes.)
We currently have a COLA'd pension from the first career. We are able to live comfortably off of 70% of the value. So going forward we feel good.
I just can't figure out what to do with the 457 plan money.
1. I could let it be. It's in a Vanguard target retirement fund with mostly vtsmx. And is accessible if we need it but they charge fees beyond what Vanguard charges.
2. I could slowly roll it into a Roth once our income drops after he leaves the 2nd career job.
3. I could roll it over to a traditional IRA at Vanguard, savings fees but making it unaccessible until 59.5.
4. We could slowly just withdraw it once he stops working, paying no penalties, just taxes and reinvest it in Index funds.
What would you do?
We currently have a COLA'd pension from the first career. We are able to live comfortably off of 70% of the value. So going forward we feel good.
I just can't figure out what to do with the 457 plan money.
1. I could let it be. It's in a Vanguard target retirement fund with mostly vtsmx. And is accessible if we need it but they charge fees beyond what Vanguard charges.
2. I could slowly roll it into a Roth once our income drops after he leaves the 2nd career job.
3. I could roll it over to a traditional IRA at Vanguard, savings fees but making it unaccessible until 59.5.
4. We could slowly just withdraw it once he stops working, paying no penalties, just taxes and reinvest it in Index funds.
What would you do?