ImThinkin2019
Recycles dryer sheets
Hi-
New member and lurker here. 56 years old. Could retire now but we think we'll wait for 4-6 years, so we build a bigger portfolio.
Since our portfolio will be more than we need, we plan to leave money to our kids. We thought it would be considerate to roll the IRA and 401(K) money into Roth IRA's, so the taxes are already paid and the money can grow tax free and be distributed over our kids lifetimes.
We'd like to do the rollovers over a period of years, to limit the tax burden.
Has anyone used software to compare rollover schedules? I'd really like to model different ones and see what schedule gives us the maximum ending portfolio.
Thanks for your help!!
New member and lurker here. 56 years old. Could retire now but we think we'll wait for 4-6 years, so we build a bigger portfolio.
Since our portfolio will be more than we need, we plan to leave money to our kids. We thought it would be considerate to roll the IRA and 401(K) money into Roth IRA's, so the taxes are already paid and the money can grow tax free and be distributed over our kids lifetimes.
We'd like to do the rollovers over a period of years, to limit the tax burden.
Has anyone used software to compare rollover schedules? I'd really like to model different ones and see what schedule gives us the maximum ending portfolio.
Thanks for your help!!