Search results

I took "prepare" to include mixing my morning instant. :rolleyes:

Instead of just hoping, you can send a report to the FIRECalc contact email, "dory36 at capn-bill dot com": https://www.firecalc.com/contact.php

Have you come across this Travel Planner app from the Blue Ridge Parkway Association? Based on what I've seen though, it will tell you everything you need except travel time. Here's a discussion of time from the Fodor's Travel forum: And the itineraries listed on the Association website are...

Here are my numbers, have at them! :rolleyes:

Like decisions on asset allocations, only you can decide if you've saved enough to retire. But I found this to be life after work:

I was recalling maximums of 35 mph in parts of Virginia. You might want to plan for a test portion with a reasonable exit, just in case. :rolleyes:

A 2019 Roth conversion of $96,919 for 3 cases, calculating monthly balances from January 2019 to January 2020: January 2019 conversion with $11,685 estimated taxes in 4 equal payments from April to January, January 2020 balance $93,688. December 2019 conversion with $12,572 tax withheld...

For me, it looks like a January Roth conversion with April to January estimated tax payments saves about $600 over January or December conversions with withholding. Untaxed Roth returns and delayed tax payments win over taxed IRA returns with a single tax payment. Assumes 8% return (my...

Thanks. Now all I have to do is compare earlier Roth returns against later tax payment. Inertia is powerful. ^-^

I schedule EFTPS and state payments as well, in January after taxes and an annual Roth conversion. The conversion accounts for most of my taxable income. Is there a work around that would allow me one payment rather than four, similar to the RMD withholding? Perhaps withholding from a single...

Or, you can look at Figure 2-1 in IRS Publication 590-B (2017), Distributions from Individual Retirement Arrangements (IRAs). A Roth distribution is qualified (not subject to tax or penalty) if the answer to both these questions is Yes: Has it been at least 5 years from the beginning of the...

Did your case involve a spouse? Is it 62 & 3 months because claiming the spouse benefit requires the higher earner to file? Also, Piper's default SS life expectancies are average (weighted), not median (midpoint between extremes).

I haven't explored all options, either. My plan is to maximize total SS payments by waiting until 70 for the higher earner, and FRA for the lower to claim maximum spouse benefit. This strategy was $8,000 lower in present worth, based on average life expectancies. So far I think we're better...

We are totally dependent on savings for the first 5 years of retirement, until we finish Roth conversions and claim Social Security at 70 and 66 (FRA) in the same year. At that point our net worth should begin growing again.

The thing to remember about i-ORP is that it maximizes your spending or your final balance:"If you fix your estate ORP will maximize your annual, after tax, disposable income. If you put an upper bound on your spending ORP will maximize your final total asset...

Has your cardiologist ever seen any irregular heart rhythms on EKG's? Has he discussed using some kind of heart monitor to look for arrhythmia when you have the "light-headedness, near-fainting, fatigue"? Have you seen an electrophysiologist? Bodies are like cars; sometimes you can't reproduce...

I plan to convert 100% of my 401(k)/tIRA to Roth by 70; I'm currently in my fourth year. I started converting at 64-1/2 on retirement, while delaying SS to 70. I convert once yearly in January after doing taxes and pay estimated taxes quarterly, so my first payment isn't until April. My Roth and...

Retired at 64-1/2 in 2015, but using savings until 70 to maximize SS for my spouse and self. Before SS I'm converting my 401(k)/tIRA to Roth, to avoid a higher tax bracket from SS + RMD's. I'm well ahead of my 5 lowest FIRECalc cases so far. ^-^