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Not thinking so much about our assets and pass down to heirs but what about anecdotal tales of inheritances observed and perhaps experienced with friends, colleagues, classmates and family members (heirs). In the aggregate I can think of many instances where it was neutral to negative and few...

Currently I have no Roth and will probably have in excess of 3M RMD from tIRA exposure when I turn 73 in 6 years. All IRA and 401K are in SPY-like equities now. tIRA is about 2M, 401K is about 800K and 401K is not part of this discussion. tIRA and 401K is about 20% of investable assets...

I'm 67 and plan to retire next year. We are many times FI and I'm not working for the money (obviously). I have this concern about shutting down and adjusting to retirement. I'm working through that now and plan to leave at the end of Sept 2025 due to some RSU vesting, while leaving a...

I'll be 68 and walking away from a great challenging gig, at peak earnings and on my terms, but due to many favorable factors (mostly financials, RSU, etc.) the convergence is for Aug/Sept 2025 retirement at this point. 16 months sounds like a long way off but I tend to plan and over-plan...

I'm trying to plan for 6 years from now. We are comfortably FI and plan to be in 6 years. Looking at this table today: Tax RateFor Single FilersFor Married Individuals Filing Joint ReturnsFor Heads of Households 10%$0 to $11,000$0 to $22,000$0 to $15,700 12%$11,000 to $44,725$22,000 to...

I am very focused on this topic where a widow or widower remarries and the children end up getting disinherited and step-children end up heirs to what is rightfully/morally the assets that should be going to the disinherited heirs. I had a long tax meeting with my CPA (also a close friend)...

Quick question. Sorry if this has been answered before. I couldn't find an answer with a quick search. An agent called me and spent quite a bit of time explaining Medigap and Medicare Advantage. Straight answers, to the point, little time wasted, etc. Explained his role as an agent, etc...

This may have already been mentioned here. If so, I apologize and please ignore. Quick start simple answer: Clear your cookies and browser cache before search for travel deals. BTW, clearing your browser cache and cookies will automatically log you off so DO NOT login and do any searches...

Simple question. Regarding SS my wife is currently paying $590 (approx) for Part B due to our income. She has been approved for spousal benefit $1749 (approx) and the Medicare will be taken out of her SS check. Is the entire $1749 taxable or only net of Medicare payment? If she switches to...

SSA gets a lot of flack for being slow, bureaucratic and difficult. I have a happy story (so far) to tell so I decided to share details here. Backstory: 67 planning to defer to 70 but found out wife (66) who does not have enough qualifying credits can only use spousal benefit. Therefore I...

Question: For those who never really had a household budget, how did you prepare for no longer receiving a paycheck? How did you manage cash flow, replenishing the checkbook with funds from savings? How did you manage your tax withholdings, assuming you liquidated assets that required...

I applied for SS at 67 just now due to wife's spousal benefit as she has no individual benefit. It was not really a choice as I had planned to wait until turning 70 but without my wife having any benefit during that time it wouldn't be prudent not to file now. I believe this will be taxed at...

I'm 67 next month and have not filed for SS, max paid in SS more than 35 years, benefit $4881 at age 70, $3886 if I file next month at 67. We are not relying on SS for retirement as savings and RMD at 70 will cover our expenses. I already searched these forums but could not find anything that...

I got to thinking about asset allocation (equity vs fixed income) and what ratio I am comfortable with. I'm thinking about three scenarios and assumptions: 1-times FI ($2million) 2-times FI ($4million) 4-times FI ($8million or more) If you use the common 100-age rule (Age 60 should be 40-60...

My wife and I are 66;65 now but I'm trying to do some early planning for RMD. All of our current pre-tax IRA/401-K assets are in SPY or equivalent. By the time RMD happens the 401-K will be rolled into the IRA. I'm projecting $3M give or take in the IRA once the consolidation happens so I'm...

Many great singer-songwriters but couple in musician and the air gets very thin. I would say Paul McCartney for his guitar and bass playing and Joni Mitchell for her unique guitar playing approach. Both of them are world-class singer-songwriters. It is rare to put together all three talents...

Anyone following news about Schwab? "Schwab to Cut Staff, Real Estate to Save $500 Million a Year" Some stuff on youtube and bloomberg regarding their banking operation facing issues with their low interest bond portfolio locked in for a long duration. I don't know if there is a story here or...

Planning for Medicare from Private PPO when I retire, currently myself 66, wife 65, both of us enrolled in Part A already. Additionally, neither of us draws SS yet and don't plan to until 70+ to maximize benefit as we won't need SS to maintain lifestyle. I believe we will always be in a high...

This is probably a bit deep in to CPA nerdism but here it goes.... I'm not an accountant or CPA but in the business world GAAP, CapEx and OpEx are buzzwords I hear a lot about, both with budgeting and quarterly and annual reporting for public corporations. I have felt the alikeness of the...

For those who have substantial investable assets I'm wondering if you maintain stealth or do people know you have what you have? We don't belong to the country club and we don't associate with the "upper class" and most of our friends and acquaintances have modest means as you get cues from...

Throughout my entire career and adult life I observed older friends and colleagues and saw characteristics I did not like and vowed never to become. Do you listen to younger people around you? What I mean is do you actually listen and digest and then think about what they have to say? Peter...

If you are xFI (multiple times FI assets than you need) does inflation concern you? I have found that when I was young and living paycheck-to-paycheck, with significant mortgage and expenses, high savings rate, etc. I would be very concerned over increases in food and gasoline prices because I...

First off, I'm not recommending dollar cost averaging to anyone and secondly, I am a disciple of Bob Brinker's Marketimer strategies. This is just for those who are unsure or don't know much about what it is. It is basically a hedging strategy of investment to smooth out variance during a...

Hi, I'm new here. I work in tech and have critical mass, can retire anytime and enjoy my job. I'm 66 and while the pace of my role is hectic I'm OK with that and have been accused of being a workaholic in the past. The issue is financial handcuffs. How do you reconcile walking away from...