Personal Finance (Not Investing) • Slott: The Big Retirement Myth

I am a victim the yearly returns being much larger than I expected.

I retired in 2016 at age FRA age of 66, with $1M in deferred. Before RMD's started, I started taking 4% of the initial deferred balance between spending needs and conversions, initially expecting the conversions to only be done for 4 years. My RMD's finally started at age 72 in 2022. Last year, concerned over the growing balance, I restarted conversions on top of my RMD. So here I sit 8 years into retirement and my deferred balance has grown 25%, even with all the withdrawals. Who'd thunk too favorable a SORR would become problematic.

Statistics: Posted by avalpert1 — Sat Aug 24, 2024 6:52 pm — Replies 45 — Views 3201