Our goal is to retire in two years. Ideally 2027 and the next couple years after that would be the ideal time to start doing some Roth conversions. All of our expenses will be paid from withdrawals from our Traditional IRA's as well as the money need to pay for taxes on those withdrawals.
Should I start saving money in our regular savings account so in 2-3 years we would have the cash to pay for the conversions? I don't think I should use our Trad Ira savings, Roth's or taxable mutual funds to pay for these future conversions. Am I planning for this correctly?
Should I start saving money in our regular savings account so in 2-3 years we would have the cash to pay for the conversions? I don't think I should use our Trad Ira savings, Roth's or taxable mutual funds to pay for these future conversions. Am I planning for this correctly?
Statistics: Posted by ROIGuy — Sat Aug 10, 2024 6:14 pm — Replies 0 — Views 27