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The IORP site states the following about ACA: "Early retirees may wish to keep their Modified Adjusted Gross Income (MAGI) below ACA qualifying limits in order to obtain the subsidies that may save a couple $5000-$10,000 annually... If your MAGI is $20K, you get a $10K discount, whereas if...

Hello, I'm receiving a monthly pension distribution payment and would like to defer taxes on it as much as possible as I don't need the money now. Was wondering if there might be any strategy that would defer all taxes on them e.g. like "rolling over" each monthly distribution into an IRA...

They admitted fault, and at the time told me it might take a week or two to restore and they would make good on any gains I would have made in the interim, and would protect me from any losses as well, so that sounded good to me, (although they would never tell me in any detail what that meant...

Hello All, I'm at the end of my COBRA family coverage (wife, 2 kids 19, 21) and need to figure out how to handle the rest of the year. I will not qualify for any subsidies this year (I'll be claiming ~300K income) so I'm thinking since I'm unlikely to hit any deductibles in the next 5...

Anyone else out there who thought they were very comfortably in the Firecalc 100% zone just a few months ago now in the mid 90's? How worried should I be?

Somehow wires got crossed and a withdrawal from my 401K went into my ROTH account (direct deposit). I did not want to do a conversion and it was a large amount of money. Is there any way to undo this? This just happened a week ago. This is kind of the reverse of having 60 Days to roll over...

Thought it would be fun to publish a checkup a year and a half after my original post here. Color coded for easy comparison. Note that numbers are after yesterday's market selloff... July 19 2020 56 YO, 17 and 19 YO, and stay at home wife. 529's fully funded for college. (100K a piece) 2.5...

Lost 15% today, is that possible for a Vanguard target retirement fund on a pretty flat day overall in the market? Anyone have any news?

Situation: 57 and use rule of 55 for penalty free withdrawal from 401K for all our spending money, about $160K/year, not including college costs covered by 529 funds. 2 kids in college funded via 529 funds. Currently on COBRA until August 2022, so IRMAA not an issue...

Was sailing along in my newly minted FIRE life, including guitar/voice classes, trail runs, cycling, coaching baseball and occasional socializing. Then catching one of my pitchers who has crazy ball movement and BAM, sprained thumb. Had to drop my guitar class along with 4-5 hours of daily...

I'm pulling a quote from another thread to start this one (hope that's allowed): The above being the case, it would seem to make much more sense to get a mortgage on a rental instead of refi-ing your primary and buying the rental with cash, is that right?

An interesting tidbit I just ran across that I was unaware of so I thought I'd post: "You can pay your insurance premiums using pre-tax dollars in a health savings account (HSA) if you enroll in COBRA or are receiving unemployment insurance." Of course the COBRA plan must be a high deductible...

Today was my last day as a mega-corp employee. It was a long goodbye as I've been using vacation since early October, but it's good to officially be free. Financial situation on my last day: 56.5 YO, 3.8 million in savings (over 1/3 in Roth/after tax money) plus 28K non-COLA pension starting...

Hey all, Here's the situation: 56.5 YO, retiring next week. 62K in my 401K roth, which I've had less than 5 years. Have another external roth that I've had for many years, but I don't think that matters. Coronavirus relief bill allows for 100K withdrawal from 401K's without penalty. Need cash...

Greetings List, I stupidly had E+Trade withhold taxes when I did a recent direct ROTH conversion from my E*Trade tIRA to E*Trade Roth. Per the below IRS page It sounds like I should be able to add the withheld amount to my Roth from other sources to avoid the tax and penalty on money E*Trade...

Situation: FIREing in a month, and will have no income thereafter. Will be pulling from my taxable 401K savings for the next 3 years penalty free (I'm over 55). Currently have a very low amount of after tax cash, so all living expenses, house upgrades (we need new windows), etc. will be from...

I'm 56 and plan to use the Rule of 55 to access my 401K money after I retire Nov. 2. In the 401K I opened a Roth account in 2019. Outside of the 401K I have had a Roth account since 1998. Just wondering, does the 5 year rule apply to my 401K Roth, or does my 1998 Roth cover that. This...

Just curious how much and for what reasons (if any) folks adjust their budgets year to year. Do investment gains/loses affect your next year's budgeting, or do you stay the course figuring the market will even itself out in the end? I'm just getting started and am thinking it would be hard to...

Newbie here. Thought I was ready to pull the trigger by end of July but after reading the "62 with a 12 and 14 year old" post I'm thinking if he's not even sure, I'm not even close. Actually I think he's way way way overly cautious and every day he waits is a day he'll regret he lost, but I'm...

Newbie here, Not quite retired yet, but thinking ahead. Once I'm retired I'd like to get a vacation home. I'm just wondering how hard it is to get a mortgage with no income and would I have to pay a higher rate? I'd be able to pay cash for anything I buy, but with rates so low I think it...