Stormy Kromer
Thinks s/he gets paid by the post
- Joined
- Oct 1, 2017
- Messages
- 1,736
Lots to think about in this thread.
I just turned 59 1/2. I have saved in all of the above categories. Where I a standing right now my absolutely favorite pile is in our Roth IRA's.
Next is our taxable account with VG. Mostly SP Index, Total Stock Index and Tax Advantaged Fund. The LTG and Dividends are starting to be a tax problem...First world problem.
After that is our SEP IRA which happens to be in an annuity, thanks to a FA who made more money on it than me. I turned 59 1/2 in January and started drawing on this to live rather than leave a tax bomb to our estate.
Tax deferred accounts are fun until you get old and have to take RMD's or die. Use them up first and die with accounts with stepped up basis or Roth's. If we die with money we are lucky. Be responsible and have fun!
I just turned 59 1/2. I have saved in all of the above categories. Where I a standing right now my absolutely favorite pile is in our Roth IRA's.
Next is our taxable account with VG. Mostly SP Index, Total Stock Index and Tax Advantaged Fund. The LTG and Dividends are starting to be a tax problem...First world problem.
After that is our SEP IRA which happens to be in an annuity, thanks to a FA who made more money on it than me. I turned 59 1/2 in January and started drawing on this to live rather than leave a tax bomb to our estate.
Tax deferred accounts are fun until you get old and have to take RMD's or die. Use them up first and die with accounts with stepped up basis or Roth's. If we die with money we are lucky. Be responsible and have fun!