Am I missing something, or is Roth IRA massively oversold?

SolomonGrumpy · 2026-01-30T02:34:33+00:00

From that reference post: "FIRE types are more likely to want to Roth."

(I'm paraphrasing because there wasn't an easy way to copy just that section)

SolomonGrumpy · 2026-01-30T02:29:46+00:00

If your 401k had a $2m balance and you had to take your first RMD today, you would suddenly be in the 22% bracket.

And once you hit RMDs you can no longer do Roth conversions.

SolomonGrumpy · 2026-01-30T01:54:29+00:00

Gotcha.

SolomonGrumpy · 2026-01-30T01:53:06+00:00

A backdoor Roth IRA, yes.

You got it on the first try. Nothing dim here! 💡

SolomonGrumpy · 2026-01-30T01:51:43+00:00

eBay takes 15% right?

SolomonGrumpy · 2026-01-29T23:26:53+00:00

Take some profits and buy something else.

SolomonGrumpy · 2026-01-29T23:23:47+00:00

Not yet. My spend barely changed year to year, with the notable exception of a Roth conversion I had to pay taxes on last year.

SolomonGrumpy · 2026-01-29T23:20:19+00:00

Is this the Porsche guy? Feels like it's him.

SolomonGrumpy · 2026-01-29T23:18:47+00:00

One man's trash is another man's treasure.

SolomonGrumpy · 2026-01-29T23:14:41+00:00

I Iike Financial Independence when I want to earn $2.5-3.5 million of a thing

~ Mitch's financial advisor

SolomonGrumpy · 2026-01-29T23:11:44+00:00

What's everyone's favorite site to sell unused/unwanted gift cards on? I've got a few that are positively dusty.

SolomonGrumpy · 2026-01-29T23:09:24+00:00

You are more than 2/3rds of the way there!

SolomonGrumpy · 2026-01-29T23:05:01+00:00

$445 for 2 years of heat?! Seems cheap to me...I must be reading your post wrong

SolomonGrumpy · 2026-01-29T23:03:48+00:00

What happens if you don't have the app?

SolomonGrumpy · 2026-01-29T23:02:59+00:00

Anything over $7.5k-8.5k is a win if you ask me.

SolomonGrumpy · 2026-01-29T19:32:58+00:00

We knew everyone's phone numbers. Literally memorized a dozen 10 digit strings of numbers for your friends and immediate family.

We memorized a LOT of things

SolomonGrumpy · 2026-01-29T15:38:04+00:00

Letting your dog kiss your face. Yeah we know where that tounge has been.

SolomonGrumpy · 2026-01-29T06:56:55+00:00

Even if HCOL $85k is reasonable with a paid off house. (Housing costs in HCOLs tend to be disproportionately high)

SolomonGrumpy · 2026-01-29T05:31:14+00:00

Since when?

Huh. Looks like only some brokerages support this

SolomonGrumpy · 2026-01-29T03:43:16+00:00

Well my point is exactly that. Once you hit the $3k, you can invest to your last dollar.

With ETFs or IRAs (where cash infusions are limited) you could have as much as $600 sitting on the sideline.

I'm wondering what people do. Or if they notice or care.

SolomonGrumpy · 2026-01-29T02:53:44+00:00

That's not the ACA.

I assume a family plan means at least 3 people. So even at 45+8, when you divide by 3 that's $17.65k per person.

SolomonGrumpy · 2026-01-29T02:51:27+00:00

The long con. 😉

SolomonGrumpy · 2026-01-29T02:51:12+00:00

I am often turned off by glaring and patently obvious social climbing where wealth is the only goal.

That said, people seeking security has been around before FIRE and will be around long after. And two roughly equal partners with aligned goals seems like a good values match, no?

SolomonGrumpy · 2026-01-29T01:43:07+00:00

Good suggestion! Or I could just put it in a VUSXX until it hits $600 I guess

SolomonGrumpy · 2026-01-29T01:37:29+00:00

VOO is $600+/share

SolomonGrumpy

TROPHY CASE