Reply to What will your HHI be this year?

Forum Index » Money and Finances

Reply to "What will your HHI be this year? "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]About $1M. All investment income. No SS income. $800K tax free.[/quote]

How? Bonds?[/quote]

Some bonds but mostly income produced from the investments inside my Roth IRA. Started contributing and investing inside a Roth IRA when they were created in the last 1990s. Switched to a Roth 401K when my employer offered it. Took advantage of the Backdoor Roth when I made too much to contribute directly. Retired and started doing Roth conversions on my regular 401K.  Most of my early investments were individuals stocks in the biotech/pharma sector. Hit a couple of grand slams there. Now hold mostly dividend producing stocks that produce about $780K of income. Most of that reinvested and some I withdraw to fund my lifestyle. Roth IRAs are the greatest retirement vehicle to ever come out of the federal govt. It’s nice not to care about income tax brackets or potential income tax rate increases by either party or the epic amount of waste of our tax dollars by our government. Still have to deal with property and sales taxes though. Look up Peter Thiel or Ted Weschler Roth IRA for some real inspiration. 
[/quote]

Forgot to add: I turned 60 this year so withdrawals from my Roth are penalty free.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics