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Old 12-19-2013, 04:10 PM   #21
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Ha Ha! I am so excited about leaving that I cannot spell PREPARING correctly, calling is PREPARTING......heck...I might be on to something.
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Old 12-21-2013, 09:44 AM   #22
Recycles dryer sheets
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Join Date: Apr 2013
Posts: 249
Congrats Linda, the plan sounds great. I add +1 for doing Roth conversions to top limit of tax bracket. It gives you flexibility which is really desirable given your young age, but when we have a year like this one, the thought of 25% growth tax free is so exciting. I think I'd manage your AA so that the Roth piece is all equity if you can swing it, slit becomes your inflation hedge and long term growth or inheritance part of your portfolio. Please let us know how you do, and enjoy your success!
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Old 12-21-2013, 04:00 PM   #23
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Join Date: Oct 2012
Location: Colorado Mountains
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Hi linda100100,

Welcome. I just retired this last summer. I have the same problem with a pension and additional income in that my income is too high as a single person to be able to get in the 15% tax bracket. I just finished reading:

Lange, James (2011-01-11). The Roth Revolution: Pay Taxes Once and Never Again . Morgan James Publishing.

It has examples where Roth conversions are best and ones where he recommends against conversions. It helped me understand how Roth conversions might fit in my investment and tax strategy.

Good luck on your new freedom and managing your taxes.
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Old 12-21-2013, 04:30 PM   #24
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[QUOTE=Hermit;1393333]Hi linda100100,

Welcome. I just retired this last summer. I have the same problem with a pension and additional income in that my income is too high as a single person to be able to get in the 15% tax bracket. I just finished reading:

Thank you Rothman and Hermit.

I am learning that I have to pay diligent attention tax strategy and timing, largely through posts here. I have talked with my accountant and we are also going to work on selling my stock (15% of my 401k) to take unrealized gains.

I also have the issue that almost as I was walking out the door people were asking if I would come back as a contractor. At the moment I am just trying to wrap my head around everything, one day at a time. And to think I have lost sight of the hoiday season for focusing on my departure. I am working on fixing that, too!
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Old 12-21-2013, 04:51 PM   #25
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Location: Upstate Ruralia
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My last day was Jan 4, 2013, from Megacorp, and I too never even realized Christmas was happening last year, cause I was so wrapped up and preoccupied and scared in a small way about retiring at 57!!!!!

People couldn't understand it, but I understand how you feel!!!!

Good luck and CONGRATULATIONS!!!!!

YOU WILL LOVE IT!!!!!!
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Old 12-21-2013, 09:24 PM   #26
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You seem to have everything together. Congratulations and enjoy!
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Old 12-21-2013, 09:25 PM   #27
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Take about six months off to think about working again - then see how you feel.
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