Author Topic: Funding a Roth last year of employment  (Read 1552 times)

Workinghard

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Funding a Roth last year of employment
« on: July 13, 2015, 03:51:52 AM »
Yay or nay?  Wasn't  sure if it made sense or not. We have enough cash to live on for a year, plus taxable accounts and old Roth's available on top of that. Taxable accts equiv. to 2 years living expense. However, we'll be selling our home and should net 5 years expenses. I prefer to avoid selling 401k/tIRAs, taxable, and Roth's. Just wasn't sure if I should keep the extra 13K (next year) in cash or go ahead and fund another Roth.

ender

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Re: Funding a Roth last year of employment
« Reply #1 on: July 13, 2015, 05:29:01 AM »
If you are really wondering just put it in something really stable. You can always withdraw principle if you change your mind in a few years.

forummm

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Re: Funding a Roth last year of employment
« Reply #2 on: July 13, 2015, 07:07:29 AM »
I would contribute to the Roths. You can't go back in time and make the contribution later. You can always pull it out if you do need the cash. And as long as it's sitting there all the returns are tax free.

Workinghard

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Re: Funding a Roth last year of employment
« Reply #3 on: July 13, 2015, 12:15:52 PM »
Thanks for the replies. I was thinking the same thing that is better to just go ahead and fund the Roth. Guess I just needed confirmation. We have options of different accounts that we can pull from if need be.  Course if we sell the house it does not count as taxable income, which will be nice, and allow us to do more Roth conversions while giving us cash to live on.

Gone Fishing

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Re: Funding a Roth last year of employment
« Reply #4 on: July 13, 2015, 12:30:57 PM »
I would contribute to the Roths. You can't go back in time and make the contribution later. You can always pull it out if you do need the cash. And as long as it's sitting there all the returns are tax free.

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