Reply to Who has the most in their ROTH

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I have nearly 1M+ in my Roth. But some of it was from rolling over a old employer 401k to a roth and paying taxes on it. I did it when I was in grad school so I literally had 0 income otherwise. I had 2 zero income years, so I phased it out those two years. Keep in mind this is was back in 2010-11. so the 200k i did back then is worth 1M. I paid maybe 30k in total taxes on this.

I now have a separate roth 401k too. But my tax rate is higher and I split between the roth and regular 401k as a tax hedge strategy.[/quote]

I’m converting as much as I can to a Roth because I absolutely know I will be in a higher tax bracket when I “retire” and have to take RMDs at 72 yo in 24 years. And I fully expect the govt to raise taxes in the future. All this spending has to be paid for somehow.

So few people on DCUM do this.  And it is the right answer for most people.  If you aren't certain which is better for you, split it.  You don't have to be all one or all the other.[/quote][/quote]

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