Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Old 12-22-2019, 07:56 AM   #21
Thinks s/he gets paid by the post
VanWinkle's Avatar
 
Join Date: Oct 2017
Location: Tellico Village
Posts: 2,607
Just did a partial conversion yesterday at Vanguard. You choose the fund in the IRA that you would like to convert, choose how many shares of that fund, and then transfer to existing Roth at Vanguard. The exact dollar amount will not be known until the end of business Monday for me. There is a tab that states Conversion to Roth that starts the procedure.
__________________
Retired May 13th(Friday) 2016 at age 61.
VanWinkle is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 12-22-2019, 09:41 AM   #22
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,266
I probably won't do a Roth conversion this year.... tIRA withdrawals instead to provide cash to payoff our mortgage. After them mortgage is gone I will get rid of my cash allocation so target AA will move from 60/35/5 to 65/35... essentially trading receiving 1.7% on cash to avoiding 3.375% on mortgage. I'll be below the 65% stock target initially but will drift up to it over time.

Since both tIRA withdrawals and Roth conversions reduce the tIRA at the same low-tax cost, it is six of one or a half-dozen of another to me.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56
pb4uski is offline   Reply With Quote
Old 12-22-2019, 01:32 PM   #23
Thinks s/he gets paid by the post
VanWinkle's Avatar
 
Join Date: Oct 2017
Location: Tellico Village
Posts: 2,607
Quote:
Originally Posted by pb4uski View Post
I probably won't do a Roth conversion this year.... tIRA withdrawals instead to provide cash to payoff our mortgage. After them mortgage is gone I will get rid of my cash allocation so target AA will move from 60/35/5 to 65/35... essentially trading receiving 1.7% on cash to avoiding 3.375% on mortgage. I'll be below the 65% stock target initially but will drift up to it over time.

Since both tIRA withdrawals and Roth conversions reduce the tIRA at the same low-tax cost, it is six of one or a half-dozen of another to me.
Not to mention the non-taxed growth in the Roth after conversion.... which would make a difference if we live long enough.
__________________
Retired May 13th(Friday) 2016 at age 61.
VanWinkle is offline   Reply With Quote
Old 12-23-2019, 04:59 PM   #24
Full time employment: Posting here.
 
Join Date: Nov 2017
Location: solomons
Posts: 849
Got email from FIDO rep, we have till April 2020 to fund for 2019,accounts , it remains open for 6 months without funding.... I feel better to now start Roth conversions. Thank you for your inputs....
f35phixer is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
The REAL Real Estate Appreciation Rate honobob FIRE and Money 158 06-21-2009 08:46 AM
Real Estate Agent in Down Real Estate Market TromboneAl Other topics 4 06-09-2007 10:20 AM
What TV fathers would earn in real todays dollars...if THEY were real ;) cute fuzzy bunny Other topics 0 06-20-2005 01:26 PM

» Quick Links

 
All times are GMT -6. The time now is 02:28 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.