The pension income is a factor to consider, but I wouldn't say that your Roth account should have a greater balance than your traditional tax-deferred account - just because of the pension.Is it recommended that anyone with a pension, consider saving more in Roth than traditional accounts?
Given the relatively high age (75) that RMDs begin for people born in the 1960s and later, there will almost certainly be some time to perform partial Roth conversions on traditional balances before RMDs are scheduled to begin.
Your emphasis on which account type to prioritize can shift over the years as your tax bracket changes.
In high income years - favor traditional.
In low income years - favor Roth.
In retirement, before RMDs begin, consider partial Roth conversions of traditional balances if they have grown to a point where RMDs will put you into a higher tax bracket.
The other thing to do is hold your fixed income (bond funds) in your traditional account(s).
Regards,
Statistics: Posted by retired@50 — Wed Dec 11, 2024 8:12 am — Replies 39 — Views 1135