No. of Recommendations: 5
Funny, it’s 50/50 wrt ratio of my Roth IRA/Rollover IRA assets. Fortunately, could be a lot of worse problems to figure out. Did you sit down with an advisor or just research it in your own wrt these decisions?
We are a bit older than you, so Roths were available less quickly and our TIRA/401K are larger than Roth funds, even after conversions.
Did you sit down with an advisor or just research it in your own wrt these decisions?
I sat down and figured it out, and then had to convince the Financial Advisor we had at the time that I was right, when he insisted we shouldn't do the conversions. It wasn't the first time I proved him wrong, but it was the last time I had to do so. I am self-taught when it comes to investing, so DH wanted to pay someone with an alphabet soup after his name to handle our investments. Waste of money.
It was almost humorous when we pulled all of our funds from the FA. He basically wailed over the phone that "People don't leave me!" He spent more time and effort on marketing his brand than keeping up on the best strategies or monitoring our accounts. He came highly recommended from people who knew nothing. Go UBS.
I should have stuck to my guns after the second meeting, where after looking at our assets early retirement was proclaimed impossible, only for the FA to again agree with me when I pulled out my spreadsheets. We retired at 54 and 58, only because DH was not mentally ready at 55.
IP
a strong LBYM couple, not fitting the standard rule of thumb needed retirement income calculation of 70-80% pre-retirement income
