Quote:
Originally Posted by Boomer
The guy who wrote the post I am quoting here gets my vote.
Btw, I have said it before and I will say it again……
I don’t care how many commas you have in your total IRA amount, it could be well worth taking the time to look into converting to Roth…….
especially when you are in what can be a very sweet spot after retiring, when your earned income goes down, but before RMD age.
Generic financial advice cannot apply in this one.
And — another thing — speaking of generic advice — that thing about waiting to take SS until full SS age is also generic advice. There are many different scenarios where that tedious mantra should not apply because taking the money and running at 62 could make a lot more sense in a variety of circumstances — including being able to stay out of tax-deferred accounts longer.
Why in the heck do people think financial advice should be one-size-fits-all.
Boomer
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Even worse are so called financial advisors who really have no idea what they are doing other than lets sell annuities so we can make some money