I like to keep it simple,
SS increase at 2.6% with no 2034 reduction
Wife's pension is COL with 2% floor, so I use 2%
All expenses 3% - if components have higher inflation, it means cut-back other expenses
Investment return on 65/35 portfolio 5%, low return to compensate for SORR
Do note that the rules differ if the original owner of the IRA reached a certain age or not:
Following is from the Schwab website: https://content.schwab.com/ira/understand-iras/ira-calculators/inherited-rmd/
Type of IRA
Distribution Requirement...
Interesting aside, I bank at a credit union. The CU's CEO just sent an email to the entire membership noting the CU is financially strong and always will be. She attached a link to their 2022 Annual Report. The CU, Golden One (here is California) claims to be the nation's 7th largest CU with...
Various advice has been offered. But the original question concerned a September 1st birthday. I understand the rules for birthdays that fall on the first are different. Specifically,
"Social Security follows English common law that finds that a person attains an age on the day before the...