2 suggestions for a Merrill client:
(1) Find out who the top producer in the local Merrill office is and talk to him. He's too old to become your permanent FA but he should be full of ideas the young guys won't have.
(2) Maybe pay off your mortgage? I paid mine off with company stock from my qualified bonus plan (tax break). Freed up a lot of cash flow in retirement.
FWIW when I retired (8 years ago) I gave my Merrill FA half and I kept half, and my reason wasn't BC he could invest better than I could, it was so my kids would have someone to keep them in line once I'm gone.

62strat said:

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harge57 said:

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Kenneth_2003 said:

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NOT your ROTH IRA. There are ways to go away over the limits within your 401k.

Doing so within the 401k, would allow penalty free distribution should the need arise as long as it's with your last employer when you retire/semi-retired at 55. As opposed to taking the 10% penalty on distributions taken prior to 59.5.

Google "Rule of 55."

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Id fully fund roth if not already. You can withdraw contributions penalty free at any time.

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only after 5 years right?

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No, contributions can be pulled at any time.

txaggie_08 said:

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62strat said:

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harge57 said:

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Kenneth_2003 said:

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NOT your ROTH IRA. There are ways to go away over the limits within your 401k.

Doing so within the 401k, would allow penalty free distribution should the need arise as long as it's with your last employer when you retire/semi-retired at 55. As opposed to taking the 10% penalty on distributions taken prior to 59.5.

Google "Rule of 55."

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Id fully fund roth if not already. You can withdraw contributions penalty free at any time.

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only after 5 years right?

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No, contributions can be pulled at any time.

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Only direct contributions can be pulled anytime. If you back door Roth that is a conversion, not a direct contribution. So it has to season for 5 years.

Seems like harge57 was talking about Roth IRA contributions, so my advice still applies

VaterAg said:

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LMCane said:

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Ducks4brkfast said:

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it's 50 grand. just buy the market and don't think about it for thirty years.

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I am 55 years old

I'm not going to be around in 30 years

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Why not? Unless you are facing severe health issues now, it's not unreasonable for a current 55 year old to make it to 85.

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He's planning to die at age 77.4 years old, like every other American male. DUH!

https://texags.com/forums/16/topics/3609281/1

You can lead a troll to the internet, but you can't make him think.

Vacation payout = vacation....H&B is the right answer.

I Am A Critic said:

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MFBarnes finance threads

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No sheet. this is ridiculous. why does anyone engage with him?

I bleed maroon said:

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VaterAg said:

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LMCane said:

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Ducks4brkfast said:

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it's 50 grand. just buy the market and don't think about it for thirty years.

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I am 55 years old

I'm not going to be around in 30 years

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Why not? Unless you are facing severe health issues now, it's not unreasonable for a current 55 year old to make it to 85.

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He's planning to die at age 77.4 years old, like every other American male. DUH!

https://texags.com/forums/16/topics/3609281/1

You can lead a troll to the internet, but you can't make him think.

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Nice, I must have missed his earlier post. Still, 55 to 77 is plenty of time for an investment in VOO!