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Dominic
I’m thinking I will be approximately 65 years old and retired. If I take out a large sum from a retirement account it most likely push me up a tax bracket. Should I use my Roth account?
NikkiHonestly if you don’t have the means to pay for it without dipping into retirement then don’t do it. Have them pay their own wedding. We did.
SusanHow crazy to pay for a party for something that has a 50% chance of not working out. Don’t pay. I would never have had my parents pay for a wedding.
We did a little ceremony at a lake for no money at all. Weddings have become ridiculous.
LisaAll you cheap people are a real downer. Maybe he wants to pay for his daughter’s wedding!
A lot of people do. If he has the money, let him enjoy it how he wants.
Family is a big part of being happy.
KatelynnYou could take out smaller chunks over a few years. See what she is short on money for her wedding after she has paid deposits and figured her budget or offer to pay for the cake, dress etc. you don’t have to pay for the entire thing and don’t let her think you are going to !
LisaDude, put that money into a Roth IRA or something like that, slap a trust on it, so she can’t get it until she is like 60 years old, and invest it in a fund that mirrors the S&P 500. Or, tell her to borrow the money for her wedding, so she’ll have some skin in the game. She can take out a loan for her wedding, but their are no loans for retirement.
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