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If you don't mind, what rate of return did you assume for stocks and bonds?

Appears you have 13 years on the ACA before youngest is eligible for Medicare. Not clear what your annual spend is, but wondering if you have sufficient assets in taxable accounts (including earnings on same) to cover your spend for 13 years.

Curious as to whether you ran your situation through either RPM or I-ORP and how the results are similar/different.

All of the calculations (formulas) are plainly visible in Excel in all of the tabs. Those rows which are hidden for simplicity are easily made visible through the show/hide macros which the author included at the top of each sheet. Even so, the spreadsheet is not for the faint of heart as one...

You may want to have a look at the Retiree Portfolio Model which was developed by a member of the Boglehead forums. Link is below. Captures almost all of the items mentioned by posters in this thread including potential Roth conversions, SS, IRMAA, ACA, and more. Takes awhile to understand the...

I'm curious as to what portion of the spending decline is attributable to income taxes. For the vast majority of people, taxable income (and thus income tax) falls as people are relying on social security and/or a pension, plus withdrawals from taxable accounts (401k, IRA, etc.). Even...

In general, pb4uski is correct, but like many tax issues it is not that simple. The type of plan (qualified vs. non-qualified) comes into play as does the timeframe over which you take your distributions. Your post states you will be taking distributions over 5-6 years. If your plan is a...

Does having the separate individual policies impact the subsidy received?

I believe the correct figure at 66.6 years would be $1817 x 1.379 = $2505. At age 70, the estimate would be $2505 x 1.28 = $3206. The 27.5% reduction figure for birthyear 1957 is correct, but that's a reduction off of an estimate at FRA. Since the estimate cited by the OP is for age 62, you...

Planning to ER in about 5 years (I'll be 55 and wife 51) and wondering what early retirees are doing for health insurance prior to Medicare at 65 and how that impacts their withdrawals and taxes. Seems many here have some form of employer provided health insurance in retirement....won't be the...

My spouse did not have a problem. In fact, she was the one who suggested the prenup. For many weeks, I wondered about how I would broach this subject with her, and then one day in an airport she mentions that she wants me to be sure that she is marrying me and not my money, and would have no...

As far as the "0% income tax state", yes I meant a state with no income tax. There will be no need to take early distributions from tax deferred accounts to support our spending level as we have sufficient after-tax assets to cover that in the early stages of retirement. ORP shows IRA2Roth...

Used ORP for the first time today. Skeptical about the results as ORP recommends the spouse and I not make the full deferrals to tax deferred accounts (401k, 403b, etc.) that we are eligible for in the 3 years leading up to retirement. Given we are near the very top of the Fed 28% bracket...

For any monies in an IRA, you may want to have the assets moved into an inherited IRA account so you can take advantage of paying out MRDs over your lifetime. Otherwise, I believe you have to distribute the money over 5 years. May not be an issue if the IRA balance is fairly low. You might...

Amen! Hillary failed completely with reforming healthcare. She had a chance and delivered nothing, absolutely nothing. Her track record in this area is a big fat zero. McCain's proposal isn't perfect, but at least it is a start.

I second the Mortgage Professor's site. It is an excellent site with very useful information for anyone buying a home or considering a mortgage. The calculators provide a wide variety of options so you can view a number of different mortgage situations (points or no points, Fixed or ARM...

No, provided you meet certain distribution requirements. This link provides some background: White & Case LLP - Publications - NY Acts on Taxation of Nonresident Retirement Income, While Recently-enacted Federal Legislation Prohibits States from Taxing Retirement Income of Nonresident Partners

I’m surprised that a number of people don’t consider taxes to be a very important item in choosing where to retire to. For all the attention given to SWR, costs of health insurance in ER, and other monetary issues in these forums, one would think taxes would rank highly when looking at...

Although ER is a ways off, Asheville is on our short list of possibles. We spent a 3 day weekend there about two weeks ago and niether Mrs. MileKing or myself were wowed. Our assessment: - We want to get away from the hot/humid DC summers. From looking at historical weather data, the summer...

Very interesting article. One item that struck me was the conclusion that more money did not necessarily translate into better healthcare and thus a longer life. However, the data does not necessarily support that conclusion. When I look at the list of counties with highest longevity, I see...

When the Dow was down 300+ points today, I sold out of everything and invested in some subprime mortgages.

Stargazer, since you recently went through the underwriting process for private health insurance, perhaps you can shed some light on a few things. This may sound like a silly question, but what exactly qualifies as a "pre-existing condition"? I understand if, for example, one has high blood...

In order to compare purchasing a corporate bond to purchasing an IA, you need to hold the corporate bond until maturity (e.g., assume 30 years for long-term bonds). Thus, daily flucuations in price/yield are irrelevant. AA/AAA bonds are investment grade corporate bonds. I believe the default...

Not sure why the 30 year old would want to invest in the example IA paying 5.7% when they could purchase a AA/AAA 30 year corporate bond paying about 6.2%.

In my view, people seem to make the annuity discussion far more complex than it needs to be. Contrary to the findings of the study cited, immediate annuities are very much a fixed income product; in return for an upfront sum of cash, one receives a regular fixed stream of payments over some...