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Callable Bonds & CDs being called
I have intentionally bought a few callable agency and corporate bonds whose initial call dates match my planned use for the money. The agency bonds also have the benefit of being state tax-exempt, so I don't have qualms about holding them in a taxable account, where the yield handily beats...- L-5Player
- Post #20
- Forum: FIRE and Money
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Post-tax IRA, 30 years later
That's correct. Every withdrawal's tax-exempt portion is prorated using the proportion of post-tax dollars in the full balance. So if you have $1M in your IRA with $100k in total non-deductible contributions, then you will be taxed on 90% of your withdrawal. The balance used to calculate this...- L-5Player
- Post #10
- Forum: FIRE and Money
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Post-tax IRA, 30 years later
If every contribution made to the IRA was non-deductible, then the total of those contributions is your post-tax basis. Let's say it's $20,000. This post-tax basis is a percentage of the total balance. If the balance is $175,000 then the post-tax percentage is 20/175 = 11.43%. When you make...- L-5Player
- Post #3
- Forum: FIRE and Money