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Based on this thread https://www.early-retirement.org/forums/f38/ss-at-age-70-and-medicare-easy-pay-115256.html Those of us that started SS after starting Medicare, have been paying their Medicare premiums via easy pay or quarterly via CC. The CC option means at least I have been getting...

I did a modest Roth conversion earlier this year after the market had dropped what I thought was a decent amount, in kind, shares for shares. Of course, because I did that, I am responsible for the current plunge. Is there any reason not to recharacterize it back to tIRA now, and then convert...

I know all the Roth rules for high income, and there are a zillion sites explaining all that. What I can’t find anywhere, is what if the earned income amount is less than $6000 for the year? Like an occasional part time job. It appears I will have about $4500 gross earned income for 2021 for a...

Just got a computer IRS audit that has me quite confused. I’ve gotten them before, usually small stuff like a forgotten/lost dividend, or the last one where the sale of my primary residence was incorrectly tagged as income. This one, for 2018, if I am reading it correctly, is just plain wrong...

How far behind are they? I mailed in an amended form 1040x for 2018, with documentation in mid November 2020. Nothing really serious, but because I sold a primary residence house for more than $500k, I was supposed to get a 1099-S. I didn’t, which is not unusual for mail to get lost going from...

Wife got hit with IRMAA in 2020 for out MAGI income in 2018. Once my severance pay stopped in July, and I could provide paperwork that this years income would be below the Tier 1 threshold, I mailed in the SSA-44 form with copies of the supporting documents and in less than a month, got a...

I read where a lot of people have already rebalanced to maintain their AA, maybe multiple times, especially when there are huge drops, such as just happened. I also read where a lot of people say they “do nothing” and ride it out. The premise is that when the market recovers, they either pick up...

Due to higher than expected income for 2019, I had to reassign the entire $7000 Roth contribution I had made in Jan 2019 to 2020, which will not have as high an income and will be Roth contribution eligible. According to IRS rules, I also had to extract any earnings, which would then be fully...

I need some information that the more experienced here might know. I have searched and found nothing definitive. It is an unusual situation. Though I am retired, I still have earned income as part of a severance package that spans 2019 & 2020. I started my pension (required as part of...

DW just got her IRMAA email from SSA and is mad at me for not warning her. I knew we were close to IRMAA in 2018, and as it turns out, were about $5k over, so 2020 starts the increase. SSA states that if you have a reduction in income due to a life event (ie retirement), You must contact them...

Anyone look in to how Annuity Alliance is advertising an 8.1% rate?? And with a 13% bonus?

Do I need to make added estimated Fed Tax payments in 2019 because of unusually increased income? I retire in 13 days, and will get a monthly severance for 14 months, on the 25th of each month, with normal withholding from it, as if the only income. My pension will start 8/1 on the first of...

Just want a quick consensus. If a high percentage of your planned retirement income is pensions and SS, say around 75%, with a 2-3% SWR making up the other 25%, is there really a need to carry anywhere near the 40% bonds the 60/40 crowd preaches? I can live off 50% of my total income, so my...

I didn't want to hijack rec7s thread, but when everyone is counting months, is that based on income per month, or actual expenses? Like BCG, I expect my income from pensions and SS to easily exceed expenses, but the excess will be used for after tax investing and discretionary spending, which I...

FI is of course, dependent on WHAT amount of income one defines as enough, and then the ability for that income to be generated without w*ork required. Naturally, this forum has huge extremes of what constitutes FI. Multimillionaires, life long pensioners, real estate moguls etc, etc. Some...