ADVENTURES, CHALLENGES, AND INSIGHTS OF A COUPLE IN EARLY RETIREMENT
Roth conversions this year can be a great way to save on taxes later. Our money has to last for the next 30 to 40 years and fund our roving retirement lifestyle. So, I spend considerable time thinking about ways to save on taxes.
Like many people, I have been “given” the opportunity to reconnect with loved ones and learn new skills during the coronavirus lockdown. Especially since the roving part of our retirement has been greatly curtailed.
As Roving Retirees, the apartments we rent never have the same complement of kitchen tools. Since our experience with kitchenware has been so frustrating we decided to just make sure we had the basics with us.
In the previous IRA article we discussed how to use Traditional and Roth IRAs as part of your retirement savings. In this article we discuss the advantages of converting money from a Traditional IRA to a Roth IRA during your LivingChapter 2.
We wrote an article last year Start Daydreaming Now, to help you plan your future. It could be your future retirement or it could just be daydreaming about your next trip. Either way, I can definitely tell you that life in this COVID-19 new reality is making any kind of planning difficult.
