I'm looking to save $2.5 million in order to spend $100k in retirement - how should I factor in future taxes?A $2.5 million nest egg can yield $100,000 annual retirement income using the 4% rule, but taxes must be considered carefully.
We're 50 with $1 million in a IRA and want to convert it to a Roth - should we do it now or wait until 65?Converting IRA funds to a Roth account now can be beneficial for tax efficiency, especially within favorable tax brackets.
I'm looking to save $2.5 million in order to spend $100k in retirement - how should I factor in future taxes?A $2.5 million nest egg can yield $100,000 annual retirement income using the 4% rule, but taxes must be considered carefully.
We're 50 with $1 million in a IRA and want to convert it to a Roth - should we do it now or wait until 65?Converting IRA funds to a Roth account now can be beneficial for tax efficiency, especially within favorable tax brackets.