Recent content by ThisIsMe

When transferring post-tax dollars to Roth income tax is paid. From reading here I don't understand if the conversion amount is added to my yearly income. Say the account I convert is worth $500k, will I be taxed as if I made $500k that year?

I'll max out everything and maybe look into converting my 401k to post tax contributions. Can I specify how much money is moved from a 401k to a Roth IRA, or does the whole balance have to be transferred?

Hi all. After reading/searching on here for the best way to minimize tax with retirement accounts I have become confused. I read about backdooring a Roth IRA and that started my search. We both are 29 and want to retire early; before 50. We could live off of$40k/year. In 2016 we grossed $175k; I...

Thanks for the rock solid response. I may be going overboard in this post for ER.org. After doing a little research at Vanguard, I found these ETFs they recommended. It turns out my current Vanguard portfolio is invested in the 4 funds that are recommended by another Vanguard calculator (go...

I contribute to my current employers Simple IRA account, they match 3% (gov regulated). I'm a Vanguard user and I came across this screenshot from a few months ago. This is what the calculator said I should invest in. Thought, comments, suggestions?

Thanks all for the great feedback. I'm looking at the vanguard robo investor that costs 0.3%/yr to get us started. My 401k is from my previous employer. I haven't rolled it into a Traditional IRA because it's been outperforming my Roth IRA. Am I good sticking with a Roth IRA over a traditional...

Hi. Shooting for 2036. Hi. I'm new here and like everyone here we (DW & I) want to retire early. My goal on the site is to get simple advice to move us in the right direction. I've always dreamed of not being that guy who works until their 60s. This is not my idea of living. My idea of early...

28 y/o engineer making $95k/yr, DW engineer makes $73k. I started at fast food making $5.50/hr.