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10-25-2015, 05:47 PM
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#21
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Full time employment: Posting here.
Join Date: Apr 2006
Posts: 528
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Well a resume is still out there but every inch of my body aches at the thought of going back to w*rk.
I am not sure what is plan A or plan B. And I am gearing up to complete FIRE. Of course I have thoughtabout that for a while but it now feels like I am checking a parachute gear before jumping).
Portfolio is invested approximately in
40% - total stock index
20% - total international index
40% - intermediate bond fund (Tax free for the non-tax deferred portion)
My plan would be to leave the tax deferred portion alone, go to distributed dividends and draw from the Taxable portion to maintain constant allocation.
Assuming I want to maximize total return I should be OK?
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10-25-2015, 06:18 PM
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#22
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,266
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For the second time... you should be ok. As you draw from taxable you periodically rebalance using your tax-deferred accounts.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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10-25-2015, 08:08 PM
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#23
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Full time employment: Posting here.
Join Date: Jan 2008
Posts: 757
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Quote:
Originally Posted by perinova
Are you saying that I can't rely on the FAFSA indicating EFC=0 when doing the calculation? I have to contact the school?
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Good luck with an EFC of $0 if you have $1.2M in taxable assets. You have to be able to file 1040A or 1040EZ at tax time to meet the Simplified Means Test. Doable, but not an easy task given you will probably be selling financial assets which must be reported on a Schedule D.
__________________
Retired July 2013 at age 49.
Lazy Portfolio Investor:
AA: 55% Stocks
35% Bonds
10% Cash
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10-25-2015, 08:44 PM
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#24
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Thinks s/he gets paid by the post
Join Date: Apr 2012
Location: Nashville
Posts: 2,504
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Quote:
Originally Posted by perinova
Are you saying that I can't rely on the FAFSA indicating EFC=0 when doing the calculation? I have to contact the school?
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EFC=0 is irrelevant if the school isn't "need blind and meets 100% of need." Vanishingly few grad schools are in this category. (If memory serves, there are only about 100 undergrad programs that do so.)
__________________
OMY * 3 2ish Done 7.28.17
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10-25-2015, 10:09 PM
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#25
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Full time employment: Posting here.
Join Date: Apr 2006
Posts: 528
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Quote:
Originally Posted by NanoSour
Good luck with an EFC of $0 if you have $1.2M in taxable assets. You have to be able to file 1040A or 1040EZ at tax time to meet the Simplified Means Test. Doable, but not an easy task given you will probably be selling financial assets which must be reported on a Schedule D.
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nanosour: EFC=0 is under the assumption that the a student is above 24. or already in grad school. In those cases, as I learned recently, the parents assets and income will not be looked at.
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10-25-2015, 10:12 PM
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#26
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Full time employment: Posting here.
Join Date: Apr 2006
Posts: 528
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Quote:
Originally Posted by 2017ish
EFC=0 is irrelevant if the school isn't "need blind and meets 100% of need." Vanishingly few grad schools are in this category. (If memory serves, there are only about 100 undergrad programs that do so.)
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do you know where this data is available?
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