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A 401K WARNING

by | Aug 10, 2022 | 401k | 3 comments




#shorts

401k’s can be great, till they aren’t……(read more)

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3 Comments

  1. 401JAKE
    401JAKE on August 10, 2022 at 9:33 am

    The rmd is like 4-6%, how are you not going to use at least that much when you are 72? Come on man!

  2. Khafre Ahmose
    Khafre Ahmose on August 10, 2022 at 9:33 am

    I agree. I put my 401k on damn near the same level as my "future" social security income. I don't plan on it being a part of my primary retirement income sources but more like 6th out the 7 sources.

  3. Dave Schmarder - Middle aged boomer
    Dave Schmarder - Middle aged boomer on August 10, 2022 at 9:33 am

    I switched from the IRA to Roth for new contributions in 1998. My first RMD is this year and with a few conversions along the way, my RMD is very manageable.

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