unclemick
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
DUH?
Since I'm filing head of household now a days with an 87 year old mom AND recyling dryer sheets/outdoing myself in aggressive frugality this year - my take is that I can convert some IRA to Roth toward the end of this year and stay in the 15% bracket - provided - all in - income wise - I'm under 38k and change. So cap gains plus pension plus divs plus $ of IRA conv = 38K
or less, I'm in the 15% bracket. State taxes are a bit of a butt biter - 6%.
Put it in Dodge and Cox or Wellington - or even Vanguard Target Retirement, cook twenty years and get a hot rod wheel chair in the rest home.
Hmmmmm - or keep it simple - let it work where it's at - take money when I need it and suffer the fickle finger of fate come RMD - about 600k, 60/40 balanced index, 9 1/2 years to 70 1/2.
I go back and forth - and end up letting it sit - so far. Hard truth - mom at 87 won't last forever so am I looking at a window in which to act? And no I ain't gettin' married to beat the IRS.
Since I'm filing head of household now a days with an 87 year old mom AND recyling dryer sheets/outdoing myself in aggressive frugality this year - my take is that I can convert some IRA to Roth toward the end of this year and stay in the 15% bracket - provided - all in - income wise - I'm under 38k and change. So cap gains plus pension plus divs plus $ of IRA conv = 38K
or less, I'm in the 15% bracket. State taxes are a bit of a butt biter - 6%.
Put it in Dodge and Cox or Wellington - or even Vanguard Target Retirement, cook twenty years and get a hot rod wheel chair in the rest home.
Hmmmmm - or keep it simple - let it work where it's at - take money when I need it and suffer the fickle finger of fate come RMD - about 600k, 60/40 balanced index, 9 1/2 years to 70 1/2.
I go back and forth - and end up letting it sit - so far. Hard truth - mom at 87 won't last forever so am I looking at a window in which to act? And no I ain't gettin' married to beat the IRS.