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Moral of the story: manage your tax liability so that you owe them a little... no need to wait for a refund.

FIRECalc. Put in your info, go to the Investigate Tab and select the bottom radio button... You can set it for 25 years on the Start Here tab and enter SS on the Other Income/Spending tab. Include qualified and non-qualified funds in the Portfolio amount on the Start Here tab.

True, but usually only for a small range of income. For us, if we no ordinary income other than my pension and DW's SS, we would pay $0 in tax and none of the SS would be taxed. Add ordinary income to the top of the 12% tax bracket and we pay $10,294 in taxes and 85% of DW's income is taxed...

+1 When I set up my accounts at Schwab I made it very clear that I am a DIY investor and wasn't interested in their products or advice... if I had a need then I would let them know. They haven't bothered me at all.

And while I understand the TD Investment Rate calculation, =((100-99.590111)/99.590111)*(365/28) = 5.365%, I don't agree with it or use it. I use the RATE calculation using the days beween the purchase date and maturity date, so in this case =RATE(28/365,0,-99.590111,100) = 5.500%. The result...

+1 The problem with busket strategies is that people get all wrpped up their underwear about how to refill the buckets. I took a different, simpler approach. I usually keep a cash buffer of at least a year of "gap"... spending less pension less SS. It's a lot easier no with an inverted yield...

The 3% is poorly framed, but I think it is 15% of the 23% gain. What they are saying is that if your basis is 100 and you sell for 123 then your gain will be 23 and your tax will be 3.45 (15% of 23). So really, if you want a 20% gain after paying 15% in capital gains taxes you need to sell at...

^^^^ I was thinking the same thing.

I'm guessing that will change over time.

I suspect that you will find that your expenses are too high compared to your retirement income sources and retirement savngs, but the information is incomplete. We live pretty high on the hog with a lakeside summer home and a winter home, modest travel, etc and don't spend anywhere near $145k...

I'm somewhat of a Type A, but after retiring at 56 I was quite surprised at how content I could be just puttering around and doing not much of anything at all. That said, my most satisfying things have been having time to do things for family and friends,

Running your situation through FIRECalc and reporting the results to us.

It doesn't work that way and as a trustee/executor, I don't want to deal with liquidating holdings. Let the beneficiaries get their x% of the holdings... that is transfer on death... it doesn't say iquidate and transfer on death.

Yes, the EasyPay is from our joint checking account. A few years now and no problems. Once a year, usually in early February, I reimburse myself for the prior year Part B premiums and other eligible medical expenses from our HSAs to our joint checking account.

I had them bill me and paid via my bank's bill pay for a few time and then did EasyPay. I prefer EasyPay.

+1... We went through this recently. I had each beneficiary (my 4 siblings) set up a brokerage account with the same broker (Schwab in our case) and I provided Schwab with Mom's death certificate and Schwab transferred 20% of each position to us within a day or two. No estate account. I also...

So I'm confused. Did you file Georgia returns or not file because you had not tax due?

My favorite is ALL/PRB from Allstate... great yield for a good BBB/Baa1 company... I'm surprised it hasn't been called yet but until then I'll just keep collecting the 8%+ dividend. I also own BML/PRH from BAC. SR/PRA is on my radar. Have you looked at QuantumOnline.com - Investment...

Then normal people are stoopid. Inflation, just like interest rates and investment returns, are expressed as annual percentage rates.

Let's see. Many said "obviously the economy is slowing" based on anecdotal input over the last couple years and they have turned out to be very wrong. The economy may be slowing but we have thought that before and been fooled. To me, high inflation is more dangerous than a slow economy so I...

You can estimate the future value in Excel as well. For example let's say that you had $500k IRA that you expect will earn 5% and you'll withdraw $40k a year for the next 8 years. =FV(5%,8,40000,-500000) = 356763

What you want is a nested equation. In Excel assuming annual interest payments: =((100000*(1+4.5%)^2)*(1+3%)^2)*(1+2.5%)^2 = 121718 For the entire period: =RATE(6, ,-100000,121718) = 3.33%

+1 Our new-to-us home circa 2007 had an electric elements cooktop. It's ok, but I'll replace it with an induction cooktop at some point. While we have gas and some of the homes that we looked at with electric cooktops has a gas stub-in in the cabinet under the cooktop unfortunately ours does...

Please elaborate what a cash mutual fund is. It sounds like a money market fund, in which case they are all at a $1 per share constant price so there would be no capital gain or loss on a sale.

Similiar here. Stopped working in Dec 2011 and went off payroll in early 2012. Portfolio balance today is 138% of what it was then despite some major spending for new 2-car garage but also an inheritance.