We have been doing backdoor Roths for a long time. However, our retirement balance right now is about 12-15% Roth and 85-88% traditional. Would like to get that Roth portion up to at least 25%! That would cover any large capital purchases in retirement.
The math never made sense for me. Are you guys using a calculator to figure out the math or is it just a gut feel.
For us, it's more about flexibility. We would like to have Roth money available for capital purchases (like a 2nd house) or perhaps a remodel or huge vacation. Having Roth money will allow us to spend as we see fit without having to worry about higher tax rates for a given year.
For us, we have more in tIRAs (mid seven figure) than Roth or taxable so when one of us dies the other will file as a single and be hit with heavy taxes when RMDs kick in. Also, I think it’s very possible that marginal tax rates will go up—in fact they are scheduled to do so in a few years. Finally, part of our motive is estate planning for our kids. Every situation is different and as you suggest, you have to make assumptions to cover various possible scenarios. I’d like to work toward a balance between Roth, tax deferred and taxable but we'll probably remain heavy on tax deferred due to where we are at this stage.
Sorry, misread. We have 2 brokerage accounts. The main one is E-Trade and is considered retirement. Since it is a taxable account, we consider it non-Roth in that calculation.
Russians just took control of Severodonetsk.
Ukraine forces cant even communicate
They have been taking heavy casualties from prodigious shelling
At war's start Ukraine had success with Turkish drones and some NATO trained troops going up against Russian conscripts (considered disposable) and old equipment but that phase is long over
US paid equipment doesn't even get to the front
Between the oligarchs gifting, arms dealers stealing and disorganized forces unable to maintain supply routes the Zel is still badgering for more money and weapons .
War should be over already except for US keeping the blood running;
Its hive gaslighting to say people support Putin by wanting the war over
Ukraine isn't winning and (even the goofy pope knows the West and oligarchs provoked Putin) but the US wants a war to go on
Of course most people with family/friends in military don't want US in a European border war (spesh while US border gets invaded). with such inept leadership
Now Finland and Sweden get a NATO invite despite bringing nothing to the table - just another weak sister that wants to rattle cages in Europe with US as enabling ally.
Unfortunately the US does nothing right anymore and that seems the goal more than an accident
https://www.msn.com/en-us/news/world/what-the-fall-of-severodonetsk-means-for-the-war/ar-AAYTyva
On Front Lines, Communication Breakdowns Prove Costly for Ukraine
The Ukrainian Army has tried to modernize, but still falls short in coordination among units, so they often fight independently of one another — with sometimes deadly results.www.nytimes.com
He’s a Russian soldier stationed in NYS. I’m surprised he didn’t blame China for starting the war in Ukraine.
Don't underestimate the Finns. Very capable military. Mandatory service. Small population but they can fight with the best of them. Solid addition to NATO and the Russians are pissed off by it. Right on their border.
Over 4 months in and Russia has paid a heavy price despite making only modest gains in the East.Russians just took control of Severodonetsk.
Ukraine forces cant even communicate
They have been taking heavy casualties from prodigious shelling
At war's start Ukraine had success with Turkish drones and some NATO trained troops going up against Russian conscripts (considered disposable) and old equipment but that phase is long over
US paid equipment doesn't even get to the front
Between the oligarchs gifting, arms dealers stealing and disorganized forces unable to maintain supply routes the Zel is still badgering for more money and weapons .
War should be over already except for US keeping the blood running;
Its hive gaslighting to say people support Putin by wanting the war over
Ukraine isn't winning and (even the goofy pope knows the West and oligarchs provoked Putin) but the US wants a war to go on
Of course most people with family/friends in military don't want US in a European border war (spesh while US border gets invaded). with such inept leadership
Now Finland and Sweden get a NATO invite despite bringing nothing to the table - just another weak sister that wants to rattle cages in Europe with US as enabling ally.
Unfortunately the US does nothing right anymore and that seems the goal more than an accident
https://www.msn.com/en-us/news/world/what-the-fall-of-severodonetsk-means-for-the-war/ar-AAYTyva
On Front Lines, Communication Breakdowns Prove Costly for Ukraine
The Ukrainian Army has tried to modernize, but still falls short in coordination among units, so they often fight independently of one another — with sometimes deadly results.
Great summary. Don’t see a quick turnaround but here’s to hoping we are close to a bottom.Excellent summary/analysis of Q2. Yikes:
14 Charts on the Market’s Second-Quarter Performance
For just the second time in 40 years, bonds and stocks both posted losses for two consecutive quarters.www.morningstar.com
Best way to handle the past 3 months is to keep buying. Also, remember to rebalance your allocations. That would help capture as much of the turnaround as possible (whenever it happens). I continue to eye the S&P to see if it dips below the -25% mark. That's a nice mathematically level for a possible conversion to SSO. We shall see!
+1
Investors will have 3 ideal entry points into the stock market over the next few months as bear attack lingers, according to BofA
"Stand your ground means sticking to your underlying investment philosophy, being opportunistic, and taking the long view," Bank of America said.www.yahoo.com
We see three entry points for investors, running from June/July as the bear market matures, in [the] third and fourth quarter as 2023 earnings are reset, and early next year when the Fed tightening cycle winds down," Quinlan said. "Stand your ground means sticking to your underlying investment philosophy, being opportunistic, and taking the long view."
Not looking! LOL.
Probably shouldn’t have but have to take my medicine for future reference. I’m usually immune to paper loss but this one was a BIG number.
Crap, I looked at our biggest account (T Rowe). Down 20.9% YTD. So, a little worse than the S&P. No biggie. We were down more in March 2020 and probably down more at the end of 2018 from the peak (not YTD).
The bucket approach is something I posted a long time ago and is exactly how one of my financial advisor is handling one of my retirement accounts. Three buckets, one is a short term 3 year bucket for my distributions, the second is a 5-8 year bucket that replenishes my short term bucket, the third bucket is a 10+ year bucket that replenishes the second bucket. Since I've been retired and taking a 5% distribution from this account, the total value of that account has gained in value even with the market downturn.
Excellent approach. Safe short term money to live on. Enough long-term money to grow and invest without fear (of inflation or a bear market).
So LIV golf folds a year earlier than I expected
Well that would certainly help with inflation in general but I doubt any prices come down as a result. Seems to be completely opposite of what JPM was predicting with barrels at $320
We do have to allow for the $110-$120 oil prices of previous months to work their way through the system, but if oil stays below $100, or goes even lower, then eventually we will see prices start to come in.
Could we see .5 as opposed to the expected .75 at the next meeting.
The importance of staying in the market:
The importance of staying in the market:
Missing out on best days can be costly
Hypothetical growth of $10,000 invested in the S&P 500 Index, January 1, 1980–March 31, 2021
You should use the bucket approach for retirement.....see posts above.
