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shotsky

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shotsky

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Re: A deleted message

Monday, 08/02/2021 8:20:19 AM

Monday, August 02, 2021 8:20:19 AM

Post# of 220558
Yes, taxes is the big bugaboo. Every year I must take some of my 401K rollover out and pay taxes on it, since it was made with before tax money. A quick calculation last week, at today's price, will have me taking out over $300K in 2022. THAT will then become what I'm taxed on along with my SS and dividends. I will lose at least 1/3 of that money to taxes.
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