Reply to Anyone else dealing with this issue of "gap years" before retirement?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]well, this was useful. because i started saving in retirement funds late, i never really considered that i might get to a point where i've over-saved. at 51, i now have $1mil in pre-tax retirement accounts.

basically i should 1) start putting at least half of my retirement contributions to Roth instead of just catch-up contributions and 2) retire no later than 62, because between pension, social security, and taking income from the 401k upon retirement we are still going to be in the 24% tax bracket.

i guess we'll see later if it makes sense to do any roth conversions. [/quote]

Consider putting all of your future contributions into the Roth. Employer contribution always goes into the non-Roth. Also do a backdoor Roth. 
[/quote]

my problem is that my spouse's income is entirely commission-based, so i can't easily predict what tax bracket we might end up in. gonna start at half and see how it goes next tax year.  i have time.

of course if i do actually retire at 62, my then-teenager is likely to be severely displeased 😭[/quote]

You can also do Roth conversions late in the year, but will likely need to file IRS form 2210 unless you qualify for the safeharbor exemption via withholding. [/quote]

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