RetireAge50
Thinks s/he gets paid by the post
- Joined
- Aug 6, 2013
- Messages
- 1,660
About a year left until freedom. Here is our tentative yearly withdrawal plan (first 10 years):
401k 72t-$24,000
Roth Contributions Withdrawal-$16,000
Pensions-$22,000
May also convert from IRA to Roth IRA $16,000/yr (to keep the Roth accounts unchanged).
Income will be $62,000 but taxable will be either $46,000 or $62,000 depending on the Roth conversions (still weighing the ACA benefits versus future taxation).
No real question just thought I would post a real-life example (for those that are interested). Comments, other ideas, or your plan would be great.
401k 72t-$24,000
Roth Contributions Withdrawal-$16,000
Pensions-$22,000
May also convert from IRA to Roth IRA $16,000/yr (to keep the Roth accounts unchanged).
Income will be $62,000 but taxable will be either $46,000 or $62,000 depending on the Roth conversions (still weighing the ACA benefits versus future taxation).
No real question just thought I would post a real-life example (for those that are interested). Comments, other ideas, or your plan would be great.