My parents got hit hard with RMD.
Their forced RMD income now is way above what they use to make during the working years.
I’ve split my annual contributions to 50% traditional 401k and 50% Roth 401k.
Then again, they could always change the rules fo Roth 401k’s too.
I don’t try to trade my 401k. Drip drip drip and forget it, maybe a semi-annual rebalance.
I’m trying to build a much larger sizable position in my after tax account, paying taxes up front. So far, it’s been ok…. I think when Biden takes over, we’re going to see a lot of tax law changes, and for practical purposes, most people here will be paying taxes up the noses in the future.
Biden’s plan is already calling for the elimination of 1031 exchanges and step-up cost basis
