401k at 59 1/2

[Bubblehead]

The Roth is probably a better option for the next two years until the tax rate goes up in January of 2026

Depends on how much (and your spouse) are making and what bracket you land in?

The Roth is great for those who can leave it there long enough to earn significant long term interest tax free.

 

[IVE GOTTA PACKAGE 4U]

Depends on how much (and your spouse) are making and what bracket you land in?

The Roth is great for those who can leave it there long enough to earn significant long term interest tax free.

I'm just saying for next 2 years will be the lowest tax brackets we've been in a long time

Nobody wants to pay taxes

 

[ManInBrown]

Eventually they will come after those to.

Nah. They really want a civil war on their hands if they do that. Maybe the tax free gains they come after. Not the principle.

 

[UPSER1987]

Just a question…..59.5 years old and still working.…..can I take 100k, or any amount out of my 401k without the 10% penalty. Just a hypothetical question. I do not need the brown cafe “millionaires” club to chime in about how they have 5M in their plans and 4 houses they paid for in cash. I get it man.

lol…millionaires and still have time to post on bc non stop

 

[IVE GOTTA PACKAGE 4U]

lol…millionaires and still have time to post on bc non stop

You're not a millionaire?

 

[Over70irregs]

I won't touch my 401k until they make me take RMD's.

It’s losing purchase power though?

 

[Over70irregs]

lol…millionaires and still have time to post on bc non stop

Non-liquid millionaire to you……

 

[Over70irregs]

I'm just saying for next 2 years will be the lowest tax brackets we've been in a long time

Nobody wants to pay taxes

Have a chart? Just asking.

 

[burrheadd]

You're not a millionaire?

He’s a part time supe on the preload most seniority of all the pt supes he’s more of a payday loan kinda guy

 

[IVE GOTTA PACKAGE 4U]

Have a chart? Just asking.

I didn't have a chart

The current tax rate will expire in 2 years

 

[Bubblehead]

I didn't have a chart

The current tax rate will expire in 2 years

Will the standard deduction expire with it?

 

[IVE GOTTA PACKAGE 4U]

Will the standard deduction expire with it?

Actually it goes up slightly

 

[DELACROIX]

Thanks for the uplifting story's. Guess the golden years aint so golden sometimes. Just that same smell u get when delivering to nursing homes depresses me.

Sorry...Must be the weather...It always come down to "Always look at the bright side of life" "

...or eat, drink and be merry for tomorrow we die...

 

[IVE GOTTA PACKAGE 4U]

Will the standard deduction expire with it?

 

[Brown Down]

You're not a millionaire?

how many belt sups do you know that are?

 

[IVE GOTTA PACKAGE 4U]

how many belt sups do you know that are?

All of them.