Comments on: Retirement Withdrawal Strategies

By: Mike Piper

Mike Piper — Thu, 02 Sep 2010 16:28:10 +0000

I know it’s almost a year later, but I just saw Kathy’s comment and figured I’d reply for anyone else who comes cross this article.

When I suggested moving money from the traditional IRA to a Roth, I wasn’t talking about making regular Roth contributions, but rather about a Roth conversion–for which the $6,000 contribution limit doesn’t apply.

By: Kathy F

Kathy F — Tue, 20 Oct 2009 21:21:00 +0000

How can they take another $51,200 from traditional IRA and put it into a Roth IRA? I thought you can only contribute earned income from wages or salary to a Roth IRA and their earned income is only $13,000? Plus their are limits on how much you can contribute to a Roth IRA each year- limit is $6,000.

By: John DeFlumeri Jr

John DeFlumeri Jr — Tue, 20 Oct 2009 12:37:15 +0000

It always seems that the government is in take-away mode.

By: Patty

Patty — Tue, 20 Oct 2009 04:30:58 +0000

Nice analysis for a single year – They would be taking (or should be taking) social security at 63ish. They should seek advice – 1st to do a small projection on the IRA account – moving as much as possible out of it into ROTH is adviseable; looking at the RMD amount, effect of the social security taxability, it all makes a difference.

And yes – you can save quite a few dollars!

By: Dan

Dan — Mon, 19 Oct 2009 23:20:19 +0000

Glad to see a post that touches on Minimum Required Distribution when comparing Roth vs Traditional IRA’s. It’s an important topic that IMHO doesn’t get much (if any) discussion.

By: KC

KC — Mon, 19 Oct 2009 18:15:57 +0000

I like the new format!

By: Matt Jabs

Matt Jabs — Mon, 19 Oct 2009 17:46:42 +0000

Someday I’ll better understand this convoluted IRS taxing system! This post helped put it in perspective – thanks.

By: Paul @ FiscalGeek

Paul @ FiscalGeek — Mon, 19 Oct 2009 15:28:46 +0000

Fantastic article, forwarding on to my soon to retire parents for their own planning.