A few pics from the last several years.
Stinky deadhead:
Kitty while deer hunting. Blocked out the recognizable background that I am sure many people would know.
Maui shore fishing:
Wife with moose:
Late night moose cutting up:
WY
If you can always get that timing right, great. And you should start a hedge fund. For 99% of people leaving it in is the best approach. With some mindful allocation adjustments based on risk, age, etc.
https://awealthofcommonsense.com/2014/02/worlds-worst-market-timer/...
You are referring to regular Roth contributions which requires wages/earned income. It is specifically prohibited to convert RMDs to Roth. Roth conversions are a whole different game than Roth contributions. Plenty of people do them DIY but if someone doesn't understand them they should work...
Yep, say you retire with $1M in a 401k. Plan on 5% or $50k per year. If market goes down and you're at 900k then you would take $45k. The reality is most people will have fluctuating living expenses, trips, vehicle purchases, etc. so they might range from 3-6% depending on what is going on.
Yes and its generally conservative based on past market performance. So if the market is down and 5% is needed it should not kill someone's plan. But definitely more risk.
There are guidelines like the 4% rule. And tons of articles why 4% is too high and too low.
https://www.schwab.com/learn/story/beyond-4-rule-how-much-can-you-spend-retirement
I have seen some crazy examples of this. Usually sales people across various industries. One guy making 400-800k for the last 8+ years and can't come up with $20k for a tax bill when his withholding was too low.
I really want to pack raft it. But definitely need a lot more experience. The lower river is hard to scout and large amounts of wood, lots of class IV and no current reports. Need to find some more experienced people that like an adventure.