Hi Everyone. Well, after 15 years the RV-Dreams Community Forum is coming to an end. Since it began in August 2005, we've had 58 Million page views, 124,000 posts, and we've spent about $15,000 to keep this valuable resource for RVers free and open. But since we are now off the road and have settled down for the next chapter of our lives, we are taking the Forum down effective June 30, 2021. It has been a tough decision, but it is now time.


We want to thank all of our members for their participation and input over the years, and we want to especially thank those that have acted as Moderators for us during our amazing journey living and traveling in our RV and growing the RV-Dreams Family. We will be forever proud to have been founders of this Forum and to have been supported by such a wonderful community. Thank you all!!

Members Login
Username 
 
Password 
    Remember Me  
RV-Dreams.com Home -> RV-Dreams Community Forum -> Money Stuff -> ROTH IRAs
Post Info TOPIC: ROTH IRAs
Doncat


RV-Dreams Family Member

Status: Offline
Posts: 175
Date:
ROTH IRAs
Permalink  

At the ripe old age of 50 something, I am trying to decide wether to convert my traditional IRA into a Roth IRA. Is it better to pay the taxes now or later. Mine and my wife's IRA are in mutual funds if that makes a difference.


Also I hope to be fulltiming when I withdraw my funds. Does it matter which state I choose as my residence in regard to taxes?



__________________
www.rvdaydreams.blogspot.com
2002 29' Prowler TT pushing a 2002 GMC 2500HD "BIG RED"
Counting the days until we fulltime but not forgetting to enjoy everyday as a gift from God.
Jack Mayer


RV-Dreams Family Member

Status: Offline
Posts: 1107
Date:
Permalink  

There are lots of calculators available online to help you figure out the conversion question. A google should turn them up.

When you start collecting the income will be taxable. Select a state with no state income tax. But look at the entire cost of residency in any state you select. It is the total picture that counts - not just one item....

__________________

Jack & Danielle Mayer
PLEASE USE EMAIL TO COMMUNICATE

http://www.jackdanmayer.com,
2009 Volvo 780 HDT, 2015 New Horizons 45'Custom 5th, smart car
New Horizons Ambassadors - Let us help you build your dream RV.....
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.
RV-Dreams.com Home -> RV-Dreams Community Forum -> Money Stuff -> ROTH IRAs
Tweet this page Post to Digg Post to Del.icio.us