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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Millionaire Shrewds
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Author: BrerBear   😊 😞
Number: of 74 
Subject: Re: Million to Billion
Date: 01/31/24 11:09 AM
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<<IP: Given the much higher amount of income one can have in the 24% bracket through 2025, we started doing Roth conversions up through the 24% tax bracket. Seemed to be a no brainer.>>

Ah, got it. With those numbers, I can see it.

My IRA/401k's were well into the conservative side, where the gains were not as robust. Safe and good, but not as robust. So the impacts of the RMD's are now less.

I bifurcated my overall planning into the 'safe and secure' IRA side, and the outside, where I intentionally took a roll of the dice and a lot more risk, and was 'lucky' with the outcomes.

It's worked here, so far!

Thanks for taking time to comment; looking forward to more from your corner of the globe.

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This community has written 73 posts about Millionaire Shrewds. The article-length ones it recommended most:
Million to Billion · 21 recs · 2022
I'd love to... · 17 recs · 2022
Bankers, Lawyers and other Parasites · 13 recs · 2022
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