Recent content by RetiredHappy

I think it depends on your age. If you are 30 years old, I can see home being 50% of your net worth. If you are 50 and on track for early retirement, I can't see 50% of your net worth. Our home is about 20% of our net worth and the home is in 7-digit figure and we are retired.

As long as you are willing to pay more for private individual off exchange health insurance, you can get as good as mega corp health insurance plans. I have been buying such a health insurance plan since the age of 55 and I am 61 yo now. I retired at 53, and bought 1 year of "best available"...

I have one offspring who is high on the spectrum of autism, who will never be able to save enough for his retirement. I helped him buy his fully paid off home, paying 2/3rd of it. My goal is to help fund his retirement through gifting and investing and for him to achieve a million dollars in...

Payments for in-home caregivers are also considered medical for IRS tax deductions purpose.

When my husband wanted to move out of California, he suggested Florida, Georgia, North and South Carolina and Texas. I told him no way no how I would live in an area where there is risk of hurricane and/or tornado, and humidity. So he asked me to find a place. I searched "Most desirable...

Try golfing. I golf 4 to 5 days a week and even though I ride in a cart/buggy, the exercise is tremendous because our course is built on and around mountains. We are constantly climbing up and down to get the tee boxes and greens.

It is not ignorance but since we can't do anything about it because we got caught with being in the 24% tax bracket almost immediately after retirement, we just not worry about it.

Why do you get anxious? I look at IRA money as gravy and when we have to withdraw to meet RMD, we are still getting more money to spend than when it's sitting there! :)

At the end of the day, genetics is the key factor as to how long we live and in what health condition we are in as we age. We are both very active and hope that it is a factor in our quality of life as we age.

My spouse's IRA still has low 7 digits in it.

Pretty much... we didn't have much of a window of opportunity to do ROTH conversions. I retired at 53 but turned my IRA into deferred income annuities that started payout at 60. My spouse was 67 at retirement and started SS at 70 and RMD at 70.5. I have not started SS but it doesn't really...

I am ambivalent as to whether we will ever do ROTH conversions. We have never been eligible to contribute to ROTH IRA while we were working. Now that we are already in the beginning of 24% tax bracket due to RMD, SS, annuities and interests/dividends, I find it difficult to hand over money in...

Still drinking my morning tea.

The 2 issues here are that - Any withdrawal is used to meet RMD first, and reported to IRS for your tax year. - The following year is a new year and you cannot "contribute" to IRA even though you are trying to "return" the money to IRA.

Just ask the brokerage to reset the cost basis to the death of your cousin.