Reply to How much do you have in your Roth IRA?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Roth? Zero. Never made under the income limit and back door felt like too much work. [/quote]

I exceeded the income limit for this stupid program the same year I started working. Ridiculous[/quote]

+2 Crap program. Only people qualified to use it are kids doing internships and low wage earners.[/quote]

Not true at all. My employer and my DHs both have a mega Roth program. We contribute over 50k/yr in addition to maxing out our 401ks. I’m pretty excited to be able to drive my tax bracket down for many of my retirement years. [/quote]

Us to. We have about $700k in our Roth from mega back door contributions. Plan to retire early and draw from it tax free and not counted as income so we can qualify for ACA subsidies.[/quote]

Same here. will start drawing on it at 59.5 and will report no income and get subsidies to cover us until 65. Any extra medical expenses will come from our HSA that we’ve also been contributing for years. That is also not counted as income.

I don’t know what these people are talking about. I love the tax posture roth will be giving us. [/quote]

AMEN. This is a key element in an early retirement scenario if you have any meaningful health needs (which many people, by late 50s, do).[/quote]

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