Rave-Unicorn-Votive t1_jecpy21 wrote on March 31, 2023 at 1:29 AM

>Why in the world would anyone want to do more?

Because their marginal rate is higher than 20%. If you're in the 37% bracket and only withhold 20% it won't be enough.

>I have 3 other retirement accounts so I don’t need 4

You can roll it over. Account consolidation is preferable to raiding your retirement.

Overthinkingopal OP t1_jecu673 wrote on March 31, 2023 at 2:02 AM

Thank you this is super helpful.