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Old 10-25-2015, 06:47 PM   #21
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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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Old 10-25-2015, 07:18 PM   #22
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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.
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Old 10-25-2015, 09:08 PM   #23
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Are you saying that I can't rely on the FAFSA indicating EFC=0 when doing the calculation? I have to contact the school?
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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Old 10-25-2015, 09:44 PM   #24
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Are you saying that I can't rely on the FAFSA indicating EFC=0 when doing the calculation? I have to contact the school?
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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Old 10-25-2015, 11:09 PM   #25
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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.
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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Old 10-25-2015, 11:12 PM   #26
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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.)
do you know where this data is available?
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