Search results

I am considering taking a lump sum from an old pension that has been sitting for 20+ years. At age 60 the lump sum offer is $55k, if I take the monthly pension at age 60, monthly amount is 248 a month. SPIA at immediatannuity.com says premium of $55k = 255 a month. So it appears that the $55k...

I fully retired 8/2/19 and am planning to pull out about $55k from a 457b. The non governmental 457b is different from a gov't 457b in that I don't officially own the funds so I want to get it out fairly quickly. No real concern of the entity going down in flames and losing my deferred comp to...

Wonder if anyone has pondered on this. I can use the company car for personal use and have to show as income the IRS mileage rate of 58 cents per mile for 2019. I might have personal use of 4000 miles per year, so I've increased my taxable income by $2,320. At the income tax rate of 22% +...

Hello all; looking for some verification / advice if I am on the right track with my thinking. I am currently working PT (making $50k/yr) and am considering full retirement next year as I will be 55 and gives me the option of penalty free w/d from 401k. DW is retiring this summer at 51, but...

I am cooking up a plan to phase myself out of a job. I torn between ER now, which is about 2-3 years earlier than I originally planned; and the opportunity to create a part-time for myself. This position may not present itself again and if I work this right I can be PT with a very flexible...

Just a happy dance to celebrate the end of 12 years of child support:dance: Not sure I even want to know how much I paid over the 12 years. Luckily I had 50/50 custody for the most part. Best guess is in the neighborhood of $100k, over the 12 years. I've got 4 kids (and one step kid) - and I...

FRB: Survey of Household Economics and Decisionmaking The Fed released it's annual report of Economic Well-Being of US Households. 100+ pages I've not sifted through yet but found this snipet that makes me sad. When asked how their spending compares to their income, 41 percent say that they...

I may trip the $115k Highly Compensated Employee trigger before year end. I thought I was okay but between a few small commission checks and cash in lieu of healthcare I am dangerously close. Now comes the news of upcoming merger and HR says we may all be getting a raise effective November...

Very excited for my step son. He has visted Thailand twice before and is now trying to set him self up to live there full time. He has made a good connection with a local artist that is setting up a studio in Chiang Rai. hope this link works - it is an interview with him about the studio...

I was sitting in on a meeting with my companies 401k administrator, we may be making some changes and the HR lady asked me to sit in. In the course of conversation and reading over the 401k plan details I read that if you work until age 55 and retire you can get $ out of 401k's with out...

I found these forums via the Dave Ramsey forums. Not a super active poster over there, I like to think I focus on quality rather than quantity. I am 46 and DW is 43. My wife and I have been debt free (except for the house) since Christmas of 2006. She is a teacher for blind and visually...