02-07-2023, 02:58 PM
My 401k only allows for about 15 mutual funds.
Anyway, I think I've hit on a better solution.
Step 1: Retire.
Step 2: Move into high-paying dividend stocks in the ROTH.
Step 3: Move into growth-oriented stocks in the Taxable.
Annual income:
Step 1: Collect the tax-free dividends from the ROTH
Step 2: Pull down 401k money; some to live with, other to reinvest in the taxable.
Step 3: (Social security, if it exists...)
Once the 401k is pulled down, somewhere perhaps in my mid 70s, switch the taxable to dividend payers. Then it will be ROTH dividends + Social Security + Taxable dividends + any remaining 401k.
Anyway, I think I've hit on a better solution.
Step 1: Retire.
Step 2: Move into high-paying dividend stocks in the ROTH.
Step 3: Move into growth-oriented stocks in the Taxable.
Annual income:
Step 1: Collect the tax-free dividends from the ROTH
Step 2: Pull down 401k money; some to live with, other to reinvest in the taxable.
Step 3: (Social security, if it exists...)
Once the 401k is pulled down, somewhere perhaps in my mid 70s, switch the taxable to dividend payers. Then it will be ROTH dividends + Social Security + Taxable dividends + any remaining 401k.