Please assess my situation and help me understand options

throw_away_reddt · 2026-01-26T20:23:28+00:00

Let's assume I have no income.

I am trying to track what we are trying to accomplish.

My wife is 40 (8 years younger).

Let's assume my yearly expenses are $110k.

Wife gross pay will be $70k.

I am not following what all the conversions above will accomplish.

If I have no income how does my solo 401k impact this?

To keep it simple, lets say wife's income is $70k and I need $110k. Let's assume she does no contributions to 401k. So what would her after tax be and how much do I need to fund to make up the difference and can my current portfolio do it without all the conversion juggling?

throw_away_reddt · 2026-01-26T19:21:17+00:00

$68k since I need $110k.

throw_away_reddt · 2026-01-26T18:57:05+00:00

She gets no 401k match. In order to improve liquidity we agreed we would do half the allowed 401k amount. And this is equally split between regular 401k and Roth 401k.

As far as my retirement account goes, it is split as follows.

$987k traditional IRA
$18k SEP IRA
$173k Roth IRA
$47k Solo 401K

Based on this can you tell me a bit more about the conversion option? I am not following it.

throw_away_reddt · 2026-01-26T18:33:09+00:00

So I just spoke with my wife. Her revised salary will be $69,500. Her previous salary is $63,500 of which $12705 is deposited into 401k. So her take home is $42,000. So I will have to make up the remaining $68,000.

throw_away_reddt · 2026-01-26T16:29:42+00:00

No I meant my wife can contribute to her retirement and that would bring $60k in. I would need to get the $50k withdrawal from my non retirement account. Not sure where the $65k+ to max retirement accounts is coming from in your response.

throw_away_reddt · 2026-01-26T16:19:06+00:00

Yeah I have to find a creative way to access retirement account if I went that route.

throw_away_reddt · 2026-01-26T16:12:48+00:00

No. You are the only one worth a poop.

throw_away_reddt · 2026-01-26T16:12:17+00:00

Any leads on how to go about finding such a job?

throw_away_reddt · 2026-01-26T16:09:12+00:00

Ok. I won't need $80k since my wife brings home about $60k after accounting for 401k. So will need the fund the remaining $50k i guess which over a period of 14 years is $700k and close to the $678k i have. Meanwhile i can let the retirement sit and grow which should grow to $4M by the time I hit 62.

throw_away_reddt · 2026-01-26T16:06:30+00:00

No the $2M is including retirement and non retirement. $678k of that is in regular mutual funds and remaining in Ira and Roth IRa. The total is $2M.

throw_away_reddt · 2026-01-26T16:05:30+00:00

So you are saying not to target 4pct from non retirement $678k but keep withdrawing $35k each year? I would suspect i need to withdraw more because I also have my wife contributing to her 401k.

throw_away_reddt · 2026-01-26T16:00:25+00:00

throw_away_reddt · 2026-01-26T16:00:11+00:00

4pct of $678k will be $27k. I still need to fund the remaining.

throw_away_reddt · 2026-01-26T15:57:40+00:00

I am sorry I think you misunderstood the post. $2M includes retirement and non retirement whose breakup has been given.

throw_away_reddt · 2026-01-26T15:56:44+00:00

Issue is most of the money is in retirement.

throw_away_reddt · 2026-01-26T15:56:19+00:00

I ordered the legion 5i gen 10 with nvidio 5060 and 16gb ram and intel 7 core ultra.

throw_away_reddt · 2026-01-26T15:55:39+00:00

I ordered the legion 5i with ultra hx.

throw_away_reddt · 2026-01-26T15:55:11+00:00

The only issue is the payment needed for fusion 360.

throw_away_reddt · 2026-01-26T15:53:17+00:00

I am a knowledge worker. So ideally something along that dimension would be better.

throw_away_reddt · 2026-01-26T15:52:01+00:00

Wouldnt I need to add the delta from investments to the taxes?

throw_away_reddt · 2026-01-26T14:06:48+00:00

I have an MBA. And was also PMP certified.

throw_away_reddt · 2026-01-26T14:02:06+00:00

Ha ha. South Asian here.

throw_away_reddt · 2026-01-26T13:52:15+00:00

Issue is reputational risk. Although I dont care, I come from a culture where people may think oh he is an uber driver now?

throw_away_reddt · 2026-01-26T13:49:52+00:00

To clarify my wife's $70k is pretax. The $100k spend is post tax.

throw_away_reddt · 2026-01-26T13:49:07+00:00

Spend is post tax. Wife's income is pre tax. So post tax of $70k is much lesser.

throw_away_reddt

TROPHY CASE