Appreciate all thoughts from those on the BH forum/board. I was thinking if it would make sense to start rolling over money in my governmental 457b to a Roth IRA. Things I'm considering are:
1) I may never be in a lower tax bracket again (0% state, which may change in the future, though likely low, such as AZ). I suspect the current 24% bracket, which I am in currently, may be higher in the future. I have considerable space in the 24% bracket (over $50K), and I'm nowhere near retirement (probably at least 10–20 years away) or sending a child to school or college.
2) Asset protection of funds (ERISA vs not vs State IRA protections)
Thank you all for consideration
1) I may never be in a lower tax bracket again (0% state, which may change in the future, though likely low, such as AZ). I suspect the current 24% bracket, which I am in currently, may be higher in the future. I have considerable space in the 24% bracket (over $50K), and I'm nowhere near retirement (probably at least 10–20 years away) or sending a child to school or college.
2) Asset protection of funds (ERISA vs not vs State IRA protections)
Thank you all for consideration
Statistics: Posted by cowbman — Tue May 07, 2024 4:25 pm — Replies 4 — Views 331
