Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 02-12-2008, 08:28 AM   #21
Thinks s/he gets paid by the post
nun's Avatar
Join Date: Feb 2006
Posts: 4,867
Originally Posted by TromboneAl View Post
Here's something that I never saw mentioned, and none of those calculators address: If you will have a period during which you can live off taxed assets, you can convert your IRAs to Roths and pay very little tax. I converted $10K in 2007 and didn't pay a penny of tax (due to education tax credits).
That's what I plan to do, live off after tax savings and each year do a tIRA to ROTH conversion up to the 10% income limit. This year by doing 401k, 457 and 403b contributions I managed to get my AGI low enough to do a ROTH contribution too.
nun 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 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!



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
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
Conversion of Traditional IRA to ROTH packrat44 FIRE and Money 23 05-04-2021 06:08 PM
Converting Traditional IRA to Roth IRA piranha Young Dreamers 4 04-14-2007 07:39 AM
Traditional IRA to Roth Conversion Question Dog FIRE and Money 5 03-10-2007 09:53 PM
Contributing to Roth IRA and Traditional IRA mrinvest Young Dreamers 18 11-22-2006 10:45 AM
Traditional IRA to ROTH conversion charlie FIRE and Money 8 02-13-2006 05:52 PM

» Quick Links

All times are GMT -6. The time now is 06:47 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2023, vBulletin Solutions, Inc.