Author Topic: Should I put money into Roth now  (Read 1329 times)

Henrysmom1

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Should I put money into Roth now
« on: February 24, 2019, 07:20:05 PM »
Maybe a dumb question but I retired last April from fed government. I am over 59 1/2, have two teenagers who have plenty of funds set aside for their college. I used the TSP and sadly never opened an IRA. I have plenty of money in a taxable account and take occasional dividends to augment my very little pension.

I just looked in my taxable account and realize I have some money in my settlement account that I donít really need at this time. Should I put $6500 into an IRA or just invest in my taxable acct? My current tax bracket is low and I most likely will have sizable inheritance in the future (nothing guaranteed but 99% sure) which will throw me into highest tax bracket. Of course itís only 6500 but thinking I could just set and forget it for my sons someday.

Any advice appreciated. Thanks



Henrysmom1

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Re: Should I put money into Roth now
« Reply #1 on: February 24, 2019, 07:30:25 PM »
I am sorry..Insee that my question was essentially answered by the post right below it.
Pays to read down a bit. That said if any different advice please let me know