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Reply to "If your HHI is $450k, what is your retirement number"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]$7m in my brokerage, paid off house. Hopefully in 5 years. We plan to retire well before 59.5 so I am not even counting our 401ks[/quote] That's dumb. There are several good ways to get at the 401k money before 59.5. If retiring "well before 59.5" indicates you value time over having a bigger nest egg, yoy absolutely should be counting your 401ks. [/quote] It's not dumb - we have a few million in 401(k)s that I will convert to Roth over the next 20 years at a sub 15% tax rate. The $7M will allow me to live with a very low tax rate since the only income will be dividends and potentially some capital gains. We have substantial carry forward losses that will allow us to live more or less tax free, even with conversions, for the next couple years. I do not want to get stuck with a 72T distribution and I will retire before 55 so I can't touch that employer 401K without penalty until 59.5[/quote]
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