I really appreciate you sharing this, because I'm in a very similar situation, and it's not very typical. I retired two years ago at 61 with a decent sized taxable account. I'm also living primarily off my taxable account, while doing Roth conversions. And I have a similar allocation to equities in the taxable account. With any luck I should be able to live off the taxable account until I'm 70. Only then do I plan on claiming Social Security and taking Roth distributions. By that time I should have most or all of my IRA converted to a Roth, and I should be living mostly tax free. While most retirees seem to be searching for income, I'm doing everything I can to keep my income low so I can maximize Roth conversions. It's a different approach to retirement planning, but one I appreciate more as time goes by.
ETF Monkey, I'm late to this, having just seen the link in your latest Substack Post. I appreciate your sharing. I'm also managing my taxable income and converting IRA to ROTH. So, I appreciate your dual foci on both accumulation phase and distribution phases. It's been interesting to me that self directed investors seem to follow the same investment strategy in both phases (not adjusting much after retirement) even though their wage earning ability has changed. And I agree with you and Bill D. that managing taxes becomes much more critical as a retiree. And you have a few more tools available to do tax timing.
I really appreciate you sharing this, because I'm in a very similar situation, and it's not very typical. I retired two years ago at 61 with a decent sized taxable account. I'm also living primarily off my taxable account, while doing Roth conversions. And I have a similar allocation to equities in the taxable account. With any luck I should be able to live off the taxable account until I'm 70. Only then do I plan on claiming Social Security and taking Roth distributions. By that time I should have most or all of my IRA converted to a Roth, and I should be living mostly tax free. While most retirees seem to be searching for income, I'm doing everything I can to keep my income low so I can maximize Roth conversions. It's a different approach to retirement planning, but one I appreciate more as time goes by.
ETF Monkey, I'm late to this, having just seen the link in your latest Substack Post. I appreciate your sharing. I'm also managing my taxable income and converting IRA to ROTH. So, I appreciate your dual foci on both accumulation phase and distribution phases. It's been interesting to me that self directed investors seem to follow the same investment strategy in both phases (not adjusting much after retirement) even though their wage earning ability has changed. And I agree with you and Bill D. that managing taxes becomes much more critical as a retiree. And you have a few more tools available to do tax timing.