Koolau
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Thanks!!! That's an interesting way to look at it. So its kind of a way to invest the cash or "put the cash to work" and never paying any taxes on the earnings...right// I wonder up to what amount that makes sense?
Also helps with any worries of huge RMDs, survivor tax bracket hits, social security tax worries....the list goes on and on I think.
Yeah, in essence it's a backdoor way to increase your Roth IRA.
I don't know what's an ideal amount to have in Roth IRAs. At this point, I wish I had more Roth and less 401(k). If wishes were horses, I'd have all Roth IRA and no 401(k) I guess. Just me. Maybe someone else has a better answer here as YMMV.