Recent content by Nightingale9

I would like to share a trick I am using in 2021. 2021 happens to be the year my wife and I both turn 72, so it’s our first RMD year. Our normal size RMD would take us over $160,000 and disqualify us from obtaining a Rescue credit. (We are already disqualified for 2019 and 2020.) But we will...

How about this for a number: the greater of (1) 25 times the minimum amount you must spend each year, or (2) 17 times the amount you’d like to spend each year.

I agree with RunningBum. Just from a tax planning perspective, if you’re 72 or older, it makes sense to prioritize equities into your taxable account; and then it makes sense to take out your RMDs early in the year and invest that in equities as part of your taxable account.

I think if you buy an MLP in an IRA, either traditional or Roth, it generates Unrelated Business Income in the IRA, requiring a tax return and tax liability in an otherwise tax exempt entity. I would try to avoid that.

Two things: Thing one: I would start changing my razor blades more frequently. Thing two: I would contact the McArthur Foundation and offer two sponsor an additional “genius grant.”

Been there. Done that.

My MO is similar to SecondCor521. I replenish my checking account with 2-3 months of expenses whenever it runs low. Other than that, I don’t keep anything in cash. Cash yields less than other types of fixed income, and I fail to see the benefit of giving up that additional yield. My target AA...

Here is a cogent rebuttal to the Bengen article: https://earlyretirementnow.com/

I agree. QCDs are still allowed in 2020 if you are over 70-1/2.