Search results

Harley, I thought the old Ed Slott eternal tax free was based on you naming a very young heir and based on their life expectancy the Roth would grow faster than their required life expectancy-based withdrawals and therefore thus inheritance grew. What changed?

Congrats joylesshusband on fire, is it a Roth conversion plan or did you have a lot of 401k in Roth already?

Running_Man welcome back to equities. I agreed with you in 2007, and at that point had been 100% in stocks. But reading WSJ everyday and watching financial markets at the time there was a lot of bad news. To me it was overwhelming at that time. I had a financial advisor then as my company...

I have more cash these days than ever before as my bond fund BND has done so poorly in recent times. I expect others also have less bonds more cash than 5 years ago? Sent from my iPad using Early Retirement Forum

I like the Roth advice of course, 100% in equities at his age. Later he'll want to put some traditional tax deferred money away as well since a mix at retirement provides flexibility in withdrawal strategy, but getting some tax free forever compound growth in early years is a great way to...

Although REWahoo's reaction was more like going back to prison, I think a part time job could have positive benefits if it's work you enjoy like the teaching examples. The biggest problem to me is restriction on location and time flexibility. Sent from my iPad using Early Retirement Forum

Congrats Buckleyrw your numbers look good. My comment on the target age is that watching my parents age you should definitely reduce expected spending in the 80s and beyond. I think the approach to recognize this helps you plan to enjoy your money in the younger years. Sent from my iPad...

Congrats firewhen, I'm sure you'll get the itch to retire, but till then your initiative made it possible to increase your saving power. The power of FI lets you decide, now and in the future. Sent from my iPad using Early Retirement Forum

Fermion, I have short term traded IBB, did you ever consider an index option, of course less individual stock risk brings more damped highs and lows but the sector moves plenty for me. I started in the sector using FIDOs FBIOX, and still have it, feeling trapped to avoid the tax hit to realize...

I see at 2034 your retirement is 18 years out, but kid at 2nd year in college, that's an unusual combination. Congrats so far. Sent from my iPad using Early Retirement Forum

Congrats EastWest, enjoy the rest of your summer, and then fall, winter, spring, repeat. Sent from my iPad using Early Retirement Forum

Congrats, enjoy your trip, and remember no need to hurry back worrying about all the work piling up waiting for you. Sweet lemonade indeed! Sent from my iPad using Early Retirement Forum

Sunset, I think the complication you are thinking of is when the mutual fund takes capital gains they must distribute them to fund owners, that is complicated and it can be bad timing for fund owners, this is an advantage of stock ownership where you decide when to take capital gains. When you...

Turbotax, although I am not a fan of the new format, try to jump to direct input Sent from my iPad using Early Retirement Forum

Ok, we opened new account for mom at a bank that will provide the medallion stamp... In 11 more months, as they told me their policy is 12 months customer. Now here's the next irony. This bank, dollar bank, is where mom and dad had their joint account for 20 years leaving in 2011 when they...

Guys my mom needs to transfer a few paper shares we found in my late dad's drawer, I got the form online but it requires a medallion stamp. Mom's new bank doesn't do them, I tried 2 others and they refuse without a executor short form, we didn't do any court filing for executor since all other...

Congratulations abbvie, but I'm sorry to tell you that you do have a retirement metric life enjoyed % = time spent doing things you want to do/ total time * 100% The board here has set pretty-high goals for the metric and we look forward to you monthly report-outs. Remember if your...

Diver, congratulations on your planning and execution of the plan. You certainly are FI at the spending levels planed, like some have said its only spending more by choice or medical necessity that could derail you. I agree you must establish residency and have health care as next priorities...

Joe, these variable annuities have a cap on returns that move so your upside is limited and if you run at the guaranteed rate, also usually adjustable, your fees make the net go negative. Ask for a pro-forma at the minimum and see how quickly the money disappears. Sent from my iPad using...

If you buy a Chevy Suburban you'll find your Outback friends will want to ride with you, more comfortable, even better in snow, can put stuff in back without disassembly, maybe even their Prius. Sent from my iPad using Early Retirement Forum

Absolutely leave, low- cost broad index fund portfolio can be established with little research and fidelity or vanguard will treat you well. Congrats on retirement Sent from my iPad using Early Retirement Forum

Welcome Gamboolman, I too am supporting 2 advanced degrees and that certainly takes a toll near term, but I wonder if you might have clearer picture treating that expense with a separate set aside of an amount instead of a monthly cost. To give perspective, if you use a 4% safe withdrawal rate...

Lem1955, if you are still working you can consider a trustee to trustee transfer of your pre tax contributions and earnings to a 401k. By rule only pretax may be transferred, this leaves a 401k with after tax money only with which you do a Roth conversion. As my name suggests I'm a big fan of...

Welcome GoWest, it's great to hear from the CFP that you're good to go, but it sounded like maybe it was a surprise to you? Congrats on the achievement but I'd like to understand the numbers for myself to be confident, and it all rests on a good understanding of spending. Thanks for you...

Welcome 1984, Given your salary and savings horizon you should consider a Roth 401k so your savings is maximized and all the growth is tax free. Sent from my iPad using Early Retirement Forum