Recent content by chicago_meatball

Wife and I both have a pension with megacorp. Megacorp has closed it off form future enrollments. Couple things I don't understand about the pensions. Our pension site says I can begin withdrawing in 2040, but she can't until 2047 with out a reduction in benefits. I am 2 years older than...

You are correct about it being fidelity to fidelity, and you make a very interesting thought on being able to transfer the over payment on the 401K into the Roth. So in your situation, you could potentially contribute 40K annually to your ROTH, 34.5 from 401K and 5500 from the IRA back door...

I had the same buddy who was all over this about 4 or 5 years ago. Started putting everything he had in gold and created a nice stock pile for himself. The old problem he became so consume at the thought of having gold, now he can't part with it. At the peak, he may have tripled up in around...

I talked with fidelity this week about opening up a back door Roth. And during the conversation they mentioned a portion of my 401k was transferable to the Roth. It felt like they were pushing me toward it so I broke off the conversation to do some research on my own. Working in megacorp, i...

There were three at my birthday party too. We kept seeing those 3 on the roads too. Two bigger ones and a smaller on. We were way up on the mountain with a view of Coral bay off in the distance. we were probaby 800 feet above see level, on a small side road call Ajax Peak Rd. Some crazy...

I'll be sure to check it out. We are going back this summer/fall for our 10 year anniversary. My favorite thing may be the wild donkees. We were staying near Ajax Peak on the eastern half of the island. We kept seeing them on the roads and we were hoping to see them around the house...

Solomon beach huh, don't think I have been there. Is that north shore? Our favorite is waterlemon. Been there 4 or 5 times and the most we have shared it with is 6 people.

Congrats, looking forward to that day someday. We do both work for the same Corp, but we are in different business and different industries. (and different offices for that matter) My wife was laid off once so we are well prepared for corporate realities. Regarding the 27 or 33 times...

We either stayed on St John's or used Thomas as a communing point to stj. Definitely agree on the traffic on cruise ship days.

Thanks Dashman - in my mind everything will always be somewhat fluid. Of when I can retire and where money goes. As for now, If I were to begin bulking up my EF, is it best to come from 401K, or Roth IRA contributions? Also holding it as a true emergency fund, I could also turn to the...

First off, thanks for the response! I'm just now digging into this so I'm still catching on to whats reasonable and whats not. I'm sorry to hear about your pension experience. I kinda expect something like that to happen to us. Megacorp ceased the pension program to new hires about 3 years...

A quick google search would prove you correct. Regarding FireCalc- would I be estimating costs in present dollars, I'm having a hard time doing that 16 years out. In theory I will be mortgage free and only have property taxes, and would likely be ready to down size. Currently, my...

I kept seeing fire calc on the site and wasn't sure where to find it! thanks.

Hi everyone! This is my first crack at serious financial planning so bear with me and correct me if I'm doing something stupid :) The stretch goal is to retire at age 50. I'm 33 and married (wife 31) with 2 kids that are 4 and 1. Current jobs - both of us work for the same megacorp in...