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Search: Posts Made By: Sandy & Shirley
Forum: FIRE and Money 12-29-2020, 06:21 PM
Replies: 66
Views: 4,847
Posted By Sandy & Shirley
Roth Conversions is a popular topic for us this...

Roth Conversions is a popular topic for us this year. We guessed right on COVID, withdrew the proper amount from our IRA to match our pensions and annuities. PS: we are domestic partners! My...
Forum: Other topics 08-20-2020, 11:32 AM
Replies: 2
Views: 216
Posted By Sandy & Shirley
Secure act for Domestic Partner

The Secure Act basically eliminated the “stretch” provision for non-spouse beneficiaries, the ability to pass a Roth IRA to another person who would keep it for their life than pass it on to the next...
Forum: FIRE and Money 08-14-2020, 07:27 AM
Replies: 20
Views: 1,090
Posted By Sandy & Shirley
I am 73 and do not have an HSA account. A huge...

I am 73 and do not have an HSA account. A huge mistake that can’t be corrected after the age of 65! I just checked with Fidelity and if I also had an HSA account with them, I could manage it just...
Forum: Other topics 07-23-2020, 08:26 PM
Replies: 15
Views: 517
Posted By Sandy & Shirley
Adjusting investment prior to an election

There are some major differences in the way that the current candidates are approaching various segments of our economy. Each candidate has, in my opinion, segments of the economy that will do...
Forum: FIRE Related Public Policy 07-12-2020, 10:08 AM
Replies: 230
Views: 16,731
Posted By Sandy & Shirley
Sorry for coming in late on this thread, but I...

Sorry for coming in late on this thread, but I wanted to throw in out two cents!

We are domestic partners with a 9 year age difference. We are in the process of slowly moving as much as we...
Forum: Other topics 07-11-2020, 07:50 PM
Replies: 9
Views: 551
Posted By Sandy & Shirley
SecondCor521, Thanks again for making...

SecondCor521,


Thanks again for making me look into what I called the Back Door contribution. In some ways that might be the case if you are doing the conversion after the age of 59 ½ , but...
Forum: Other topics 07-09-2020, 02:19 PM
Replies: 9
Views: 551
Posted By Sandy & Shirley
Thanks, that nerd wallet link is going to be very...

Thanks, that nerd wallet link is going to be very useful.


Looks like we fall within one of the exceptions to the Secure Act (which I was not aware of), Shirley is only 9 year younger than I am...
Forum: Other topics 07-09-2020, 01:04 PM
Replies: 9
Views: 551
Posted By Sandy & Shirley
Roth inheritance

As I understand the laws on this:


My partner and I have both owned our Roth account for more than 5 years, so the 5 year rule does not apply. We can each set up our wills so that the other...
Forum: Other topics 06-27-2020, 09:58 AM
Replies: 0
Views: 292
Posted By Sandy & Shirley
Break Even SSB based on Lifestyle

Most of the Break Even posts that I see are based on the Gross Social Security Benefits that you receive from the government. Some are adjusted for inflation and other things, but I prefer to do my...
Forum: Stock Picking and Market Strategy 03-17-2020, 02:24 PM
Replies: 4
Views: 359
Posted By Sandy & Shirley
There is an annual limit on the amount that you...

There is an annual limit on the amount that you can “contribute” to a Roth account each year.

To the best of my knowledge there is no limit on how much Traditional IRA you can convert to...
Forum: Stock Picking and Market Strategy 03-17-2020, 10:39 AM
Replies: 4
Views: 359
Posted By Sandy & Shirley
Back Door Roth Conversion Time

In June 2016, when Britain dropped out of the European Union, BREXIT, I asked the question on line, I know the market is going to drop, how can I take advantage of that? I was advised that it was a...
Forum: FIRE and Money 12-27-2019, 11:19 AM
Replies: 2
Views: 580
Posted By Sandy & Shirley
I went to my local Social Security office today...

I went to my local Social Security office today and they were totally useless. I can call them to get the current PIA we are interested in, but I have no idea if they will give me the 2019 or 2020...
Forum: FIRE and Money 12-26-2019, 01:29 PM
Replies: 2
Views: 580
Posted By Sandy & Shirley
Conversion from Survivor to Personal SSB

The average COLA adjustments for SSB over the past 10 years has been 1.47% while the national AWI, Average Wage Indexing, series used for the initial calculation of your PIA has grown by an average...
Forum: Stock Picking and Market Strategy 12-17-2019, 12:14 PM
Replies: 70
Views: 32,755
Posted By Sandy & Shirley
The first thing I want to do is to thank you for...

The first thing I want to do is to thank you for this thread. I am invested in DNP and RVT and I definitely consider them good investments.


Now I want to ask you a question about the...
Forum: FIRE and Money 12-09-2019, 06:07 PM
Replies: 395
Views: 50,396
Posted By Sandy & Shirley
Pb4uski, Ah YES … your one-trick pony is...

Pb4uski, Ah YES … your one-trick pony is back!


RunningBum, Yes most of my posts relate to avoiding the double taxation of SS and other income.


Audreyh1, The triple taxation of...
Forum: FIRE and Money 12-09-2019, 11:23 AM
Replies: 395
Views: 50,396
Posted By Sandy & Shirley
Related to the Hump or Torpedo or whatever you...

Related to the Hump or Torpedo or whatever you want to call it is what far too many married couples fail to plan for, The Survivor Penalty!

If you do not plan your inheritance properly, your...
Forum: FIRE and Money 12-09-2019, 11:13 AM
Replies: 395
Views: 50,396
Posted By Sandy & Shirley
It is also important to remember MAGI when you...

It is also important to remember MAGI when you are doing your Roth Conversions!

MAGI is not the name of your mother in law! It stands for Modified Adjusted Gross Income which Fed uses to...
Forum: FIRE and Money 12-09-2019, 08:18 AM
Replies: 395
Views: 50,396
Posted By Sandy & Shirley
Line 5 on your 1040 tax return can be extremely...

Line 5 on your 1040 tax return can be extremely costly during retirement. Box 5a asks how much did we get from Social Security and box 5b asks how much of your Social Security Benefits are taxable...
Forum: Other topics 12-29-2018, 11:25 AM
Replies: 26
Views: 1,433
Posted By Sandy & Shirley
That is only true because of a lot of misleading...

That is only true because of a lot of misleading information about the “Break Even” calculations for Social Security benefits. If your full retirement age is 66 where you will get 100% of your...
Forum: Other topics 12-29-2018, 03:45 AM
Replies: 26
Views: 1,433
Posted By Sandy & Shirley
I am making absolutely ZERO on my website. My...

I am making absolutely ZERO on my website. My obsession is to make sure that retirees are aware of the 40.7% and 49.95% marginal tax rates that they can face during retirement.
Forum: Other topics 12-28-2018, 05:52 AM
Replies: 134
Views: 99,777
Posted By Sandy & Shirley
Parallel Taxation

The admins just told me where I could post this on our forum.

Hello to all my friends at Early Retirement. As I retired in the United States I came to realize that the delayed / deferred...
Forum: Other topics 12-28-2018, 04:38 AM
Replies: 26
Views: 1,433
Posted By Sandy & Shirley
Proper word for how we get Social Security?

I’m working on a personal webpage and I want to use the correct terminology when I talk about how we get our Social Security, and LTCGs, tax free, then pay taxes on them later as our other income...
Forum: FIRE and Money 12-04-2018, 09:06 PM
Replies: 57
Views: 6,631
Posted By Sandy & Shirley
The top end of “The Hump” is about $157,000 for a...

The top end of “The Hump” is about $157,000 for a married couple with a combined Social Security benefit of $80,000 a year and about $88,000 for a single individual with a $40,000 annual benefit. At...
Forum: FIRE and Money 11-23-2018, 04:06 PM
Replies: 57
Views: 6,631
Posted By Sandy & Shirley
This entire spreadsheet was designed to be used...

This entire spreadsheet was designed to be used by individuals who’s larger SSB place them close to their own personal tax hump. It gives them a way to SEE what if situations.

Your personal...
Forum: FIRE and Money 11-21-2018, 09:23 PM
Replies: 57
Views: 6,631
Posted By Sandy & Shirley
the excel equation for G3 is...

the excel equation for G3 is IF(SUM(B4:B6),TRUE(),FALSE()),


if the sum of the currency values under the Spouse heading in column B, set G3 to TRUE else set it to false. I3 merely equals G3.

...
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