Ready-4-ER-at-14
Full time employment: Posting here.
Hi we have a four year window of time when we don't need or want extra cash or interest due to final conversion of iras to roth and medicare cost increases if we over earn certain types of income that affect Adjusted Gross Income.
Kind of in a brain fog and not thinking crystal clear today so reaching out for help here or at least confirmation. Talking about 100k in this pot of money.
One thing could be an annuity paying out over 20 years starting in four years. Jointly payable with return of unpaid principal. I guess that is a death rider of some sort.
My understanding is you don't pay taxes on the money until you start payout and of that payment a lot will be payback of money paid not gain. Will need a quote to see payments.
I thought about a bunch of small cds in a ladder maturing starting in 5 years. but those all owe taxes each year. Maybe a 100k zero coupon treasury maturing in 5 years and then make a 20 year ladder of 5k per year?
I know people here utilize low cost index funds and am doing more of that as I sort of amble away from trading and active investing.
Does anyone know of lowest cost way to purchase cd's? Or does everyone just buy at broker at asked price on cd's on new issues? Anyone just put in bids that effectively increases the yields and get them filled in a day? if so how?
Finally, do you buy annuities through the respected firms here like Schwab, fidelity, Vanguard or say through an annuity company directly and pay what they offer?
Thanks for any response and reasons for unsuitability of any of these ideas is welcomed. I believe we have sufficient money directly in the market. And some is being added there too.
i will use a spreadsheet to assembly the components of the columns to determine any significant difference.
thanks for any comments in advance.
Kind of in a brain fog and not thinking crystal clear today so reaching out for help here or at least confirmation. Talking about 100k in this pot of money.
One thing could be an annuity paying out over 20 years starting in four years. Jointly payable with return of unpaid principal. I guess that is a death rider of some sort.
My understanding is you don't pay taxes on the money until you start payout and of that payment a lot will be payback of money paid not gain. Will need a quote to see payments.
I thought about a bunch of small cds in a ladder maturing starting in 5 years. but those all owe taxes each year. Maybe a 100k zero coupon treasury maturing in 5 years and then make a 20 year ladder of 5k per year?
I know people here utilize low cost index funds and am doing more of that as I sort of amble away from trading and active investing.
Does anyone know of lowest cost way to purchase cd's? Or does everyone just buy at broker at asked price on cd's on new issues? Anyone just put in bids that effectively increases the yields and get them filled in a day? if so how?
Finally, do you buy annuities through the respected firms here like Schwab, fidelity, Vanguard or say through an annuity company directly and pay what they offer?
Thanks for any response and reasons for unsuitability of any of these ideas is welcomed. I believe we have sufficient money directly in the market. And some is being added there too.
i will use a spreadsheet to assembly the components of the columns to determine any significant difference.
thanks for any comments in advance.