RoyalWe

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Justin's dream growing up was to frick an astronaut.

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Legit answers only

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If only this were a legitimate question.

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Boomer means that you’re over 40

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WSJ: "The Boomers Are Turning 80. Now They Want to Change Old Age."

Just saw this article today. My first comment was that boomer means that you're over 40. I'll let you know if I get any useful feedback.

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Boomer means that you’re over 40

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If you don't know what generations are, sure that can be a definition. Of course I was born almost three decades after World War 2 ended, but don't let that distinction stop you.

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Got some news for you chief

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What's the news?

I did the modeling with Boldin. I'm a former engineer and am used to doing a lot of financial modeling. Of course, as things change I will re-evaluate. I have also engaged fee-only financial advisors to use as sounding boards. Unfortunately, it's difficult to find good ones.

I also subscribe to the "Die With Zero" attitude meaning that my kids will inherit significant amounts before I die. A $10K gift would have made a world of difference to me in my 20s or 30s, so I am going to help my kids when they're looking to do something specific (e.g., buy a house, buy a car, etc.).

You can also gift your kids a significant amount ($19K per year, per parent) while you're still alive. If they're working, give them at least enough to fully fund a Roth IRA or even more to "save up" for those larger purchases. I would only give it with the understanding that it's not to increase their lifestyle and if I found they broke that trust then I'd re-evaluate my giving. They'll be so far ahead of the curve, they won't begrudge my not converting my IRA to Roth.

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This is why I need a good Roth optimizer tool and not just follow a.dogmatic approach. (Often based on flawed understanding of the math)

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While I did not use their plan, Q3 Advisors are supposedly Roth Conversion experts. BTW, they agreed that unless my situation changed that I should not convert. Their 'guarantee' is kind of silly, though, because it's pretty easy to show $500K in tax savings when you take into account all of the factors if you have a decent nest egg.

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full tax table room for conversions next 3-5 years.

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That is an impressive benefit.

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Do tell.

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Roth conversions can be a great tool, but they’re not automatically the best move in every case. You’re basically choosing to pay taxes now instead of later, so it only makes sense if today’s rate is lower. There are plenty of situations where holding off can be better—like if you’d be converting at a high bracket, don’t have outside cash to pay the tax (or would have to use IRA funds, especially under 59½), or expect to manage withdrawals later in lower brackets.

There’s also a compounding angle: keeping money in a tax-deferred account means a larger pre-tax balance stays invested, so you’re effectively earning returns on the IRS’s share as well. And while Roths are great for heirs, that benefit can be offset if you overpay taxes upfront.

The best approach usually isn’t “convert everything” or “never convert”—it’s opportunistic conversions during low-income years, market downturns, or when you can fill lower tax brackets efficiently. If you manage the timing of income well (or never had a chance to convert cheaply in the first place), you’re unlikely to regret staying tax-deferred.

There are several good articles or posts on other forums (like Bogleheads) that discuss this.

And yes, 1% AUM is no joke. I can mess up a lot for what I would pay them over the years.

Boldin is okay as a modeler, but garbage in equals garbage out. So, it won't model your portfolio performance or volatility, but if you give it average returns it will Monte Carlo it out.

There are some arguments to keeping the "tax bomb" and not converting to Roth, depending on your circumstances.

There are a lot of disagreements on how to invest for retirement. If you're going with a FA, just follow their advice (and have them model for you). If not, then pick your poison. I follow Jason Kelly's Income Sig and could not be happier.

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I've been educating people on this on this website for at least 15 years brother. I know all the angles and dishonesty that manipulates the emotional types who parrot the talking points

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I mostly see people not buying into your bullshite, but please educate me because the information I've read and how I feel are aligned. I feel attacked as a citizen. I do not feel safe walking downtown in cities. I have experienced crime's impact on my family. So, by all means, bring my emotional self into a factual understanding so this burden can be lifted from my shoulders.