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Forum ยป Financially literate brahs-does this make sense?
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Thread: Financially literate brahs-does this make sense?

post 1690588443 09-24-2023, 12:22 PM
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#1
  1. -JR
  2. Not Joe Rogan
  1. -JR
  2. Not Joe Rogan
  3. Join Date: Jul 2008
  4. Posts: 6,032
  5. Rep Power: 43118

Financially literate brahs-does this make sense?

~$30k in pension with old company
-Roll that into my current Roth (and pay the normal taxes on it)
-Pull that out in a year or so for house down payment

That $30k is considered contribution, so no penalties, right? I have another 401k I can leave alone. Married with kids, I'll probably end up with ~$75k income this year, but will probably be at ~85-90k next year. Figure I can do it this year and have less taxes taken out.
-Virtue is its own reward

-Survived misc outage 2022 crew
-My old username (Johnez) did not survive outage :-(
post 1690588853 09-24-2023, 12:29 PM
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#2
  1. -JR
  2. Not Joe Rogan
  1. -JR
  2. Not Joe Rogan
  3. Join Date: Jul 2008
  4. Posts: 6,032
  5. Rep Power: 43118
Fast misc...
-Virtue is its own reward

-Survived misc outage 2022 crew
-My old username (Johnez) did not survive outage :-(
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