Comments on: Review: The Retirement Savings Time Bomb… And How to Defuse It http://www.thesimpledollar.com/2010/02/14/review-the-retirement-savings-time-bomb-and-how-to-defuse-it/ Financial talk for the rest of us Sat, 16 Feb 2013 01:14:45 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: IASSOS http://www.thesimpledollar.com/2010/02/14/review-the-retirement-savings-time-bomb-and-how-to-defuse-it/#comment-860626 IASSOS Mon, 15 Feb 2010 15:20:08 +0000 http://www.thesimpledollar.com/?p=4995#comment-860626 ” it could last throughout your life and the life of your children, too.”

Why should it cover the children? They’re young, I’m old. And I’m giving them better opportunities (and treatment) than I had: bigger house, newer cars, international travel, better schools, help with college, etc. And now I should fund their retirement as well?

]]> By: Moby Homemaker http://www.thesimpledollar.com/2010/02/14/review-the-retirement-savings-time-bomb-and-how-to-defuse-it/#comment-860580 Moby Homemaker Mon, 15 Feb 2010 13:26:58 +0000 http://www.thesimpledollar.com/?p=4995#comment-860580 Like the book advises, definitely consult a tax lawyer (or AT LEAST, a tax professional) before you make a large retirement withdrawal. I made a couple right after I was laid off…

I thought I knew all the “rules”…..wrong!

]]> By: Jeroen http://www.thesimpledollar.com/2010/02/14/review-the-retirement-savings-time-bomb-and-how-to-defuse-it/#comment-860542 Jeroen Mon, 15 Feb 2010 11:25:46 +0000 http://www.thesimpledollar.com/?p=4995#comment-860542 When I saw the title of that book, I thought it was going to be about the impact of the Baby Boomers starting to retire. Now that’s a book I’d like to read. This one, not so much.

]]> By: The 20K Mom http://www.thesimpledollar.com/2010/02/14/review-the-retirement-savings-time-bomb-and-how-to-defuse-it/#comment-860274 The 20K Mom Sun, 14 Feb 2010 23:01:11 +0000 http://www.thesimpledollar.com/?p=4995#comment-860274 And please remember that if you are a stay at home mom like me, you need your OWN Roth IRA, don’t just depend on your husband’s!

]]> By: JoeTaxpayer http://www.thesimpledollar.com/2010/02/14/review-the-retirement-savings-time-bomb-and-how-to-defuse-it/#comment-860231 JoeTaxpayer Sun, 14 Feb 2010 20:58:55 +0000 http://www.thesimpledollar.com/?p=4995#comment-860231 Rule #3 is a tough one.
For many, the right thing to do is to take the RMD, and convert to Roth to exactly “top off” their current tax bracket. This strategy will reduce future RMDs and stay ahead of the time when the RMD multiplier forces withdrawal that put you into a higher bracket.

]]> By: TheDebtHawk.com http://www.thesimpledollar.com/2010/02/14/review-the-retirement-savings-time-bomb-and-how-to-defuse-it/#comment-860217 TheDebtHawk.com Sun, 14 Feb 2010 20:26:49 +0000 http://www.thesimpledollar.com/?p=4995#comment-860217 Government devised retirement plans scare me. Who knows what the economic landscape will be when you are going to retire? Today the government could tax the withdrawals at 30% but 20 years from now it might tax withdrawals at 50%. Very troubling to have that much uncertainty.

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