HealthyFuture
Recycles dryer sheets
- Joined
- May 12, 2021
- Messages
- 101
Hi, all. I follow with envy those of you who have cash to snap up good treasury or CD rates when you see them. I get that many of you have things maturing that permit you to do that. But how do you start?
My situation: The vast majority of our assets are in tax-deferred accounts. We have recently stopped working (as much) so are doing aggressive Roth conversions, as those seem prudent to do while the market is lower than it was 15 months ago, and also before we hit IRMAA look back time. Also prudent to let that money grow tax free.
We are no longer earning real salaries, so no way to save that money and sock it away in CDs.
We do have some money in taxable accounts, but the market is down. My Vanguard account for example is up 12% over 10 years, but cumulative inflation over that time is over 20%. So it seems unwise to withdraw $100,000 to stick into CDs and/or treasuries while the market is down.
I’d love to get ladders going in this higher-rate environment, but am having a hard time figuring out how to think about the strategy for getting started beyond selling stocks when they are low given our situation.
Any insights to share? I suspect some of you were smart and started your ladders before you stopped your higher-earning / work. But, as you may have heard, no time machines around to fix it for those of us who didn’t. [emoji1]
My situation: The vast majority of our assets are in tax-deferred accounts. We have recently stopped working (as much) so are doing aggressive Roth conversions, as those seem prudent to do while the market is lower than it was 15 months ago, and also before we hit IRMAA look back time. Also prudent to let that money grow tax free.
We are no longer earning real salaries, so no way to save that money and sock it away in CDs.
We do have some money in taxable accounts, but the market is down. My Vanguard account for example is up 12% over 10 years, but cumulative inflation over that time is over 20%. So it seems unwise to withdraw $100,000 to stick into CDs and/or treasuries while the market is down.
I’d love to get ladders going in this higher-rate environment, but am having a hard time figuring out how to think about the strategy for getting started beyond selling stocks when they are low given our situation.
Any insights to share? I suspect some of you were smart and started your ladders before you stopped your higher-earning / work. But, as you may have heard, no time machines around to fix it for those of us who didn’t. [emoji1]