I think your growth assumptions are too conservative. Why would someone pay a financial advisor 1% for a 5% return? You could easily beat this with a conservative dividend portfolio.
That's always been the question about advisors. You could beat 5% easy without an advisor. The Roth conversions are somewhat dumb since you don't know what the tax code will be in the future. Its all emotion without deep thinking.
If I make it to 91 and I run out of money...Great!......No need for all this cash when you are in your upper 80's. Leave No money behind is a goal for myself.
The challenge is you need a lot for end of life care and that is an unknown. I have elderly parents with no money. I can tell you without money, you release control of your life to someone else.
Great information. In your scenario, is the Roth holding account another Roth account for the Roth conversions or is it a regular (non IRA) investment account? Thanks.
So this is another old post reposted drew. So did Jerry retire this year? Also with all the changes in the past 2 years since doing this would you change anything if you were sitting down with him now?
