ADVENTURES, CHALLENGES, AND INSIGHTS OF A COUPLE IN EARLY RETIREMENT
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.
Flexibility is the most important part of a roving retirement, especially during these unusual times. Since we don’t have a home, we must decide in advance where we are going and how long we will be staying. Our trip to the US now was primarily to see and look after our loved ones.
I have spent a lot of time over the last few years thinking about ways to maximize my savings and minimize my tax liability. After much reading and talking to others, I think I understand how a Roth IRA can help you and me with savings and taxes.
We are in the sixth week of our Coronavirus lockdown in France. Actually, today is Thursday, April 30th, Day 45 of our not so roving retirement in France. The excitement for this week is our current plan to travel to the US next week.
