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re: What is y'all's $ amount goal for retirement?

Posted on 10/21/14 at 5:21 pm to
Posted by 777Tiger
Member since Mar 2011
73856 posts
Posted on 10/21/14 at 5:21 pm to
quote:

Well yea. We personally have a combo of pre-tax and after tax contribution accounts, so we aren't paying a bunch check of taxes in retirement. In my bug out scenario, I am talking about the liability on the 401(k) accounts, which are our largest accounts at this point.


yep, the 401 will take the taxes before sending you the check, IRA won't, so bug out strategy should include roll over to IRA, cash out, and buy first class seats on the swankiest airline for the first stop to being an ex pat
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 10/21/14 at 5:22 pm to
Roth ira*
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
63226 posts
Posted on 10/21/14 at 5:43 pm to
quote:

the 401 will take the taxes before sending you the check


That I did not know. Will add the rollover to the steps.
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