Recent content by FIRE man

The thought is i pay taxes on the distribution then no more taxes on the growth kind of the same as rolling over to a roth. If i leave it in the 401K all the growth will be taxed

Yes of course I understand that. The question is should I move money from the 401K into a regular brokerage account so I can accumulate the capitol gains there tax free. Does that make sense or would leaving in a protected 401k be the better option or perhaps another strategy that I have not...

Hi all, I'm 62, retired at 55. I have $1,000,000 in my 401k, $350,000 in my roth, $60k in savings and $30K in treasury direct account. I have $600k equity in my house that is paid off and no debts. Started collecting SS for me and my wife this year and have pension for a total monthly income...

Yes or I should have married a young bird..lol. I worked for an aerospace company that had contracts with the US government and spent almost my whole career working abroad so the option for her to work didn't really exist. I have a call in with the SHIP people and I think they might have an...

Quarters, points and credits are the same thing just different ways to say it.

No it is age. I had 40 quarters long before I retired at 55. My wife doesn't qualify for premium free medicare until I turn 62 no matter how many credits I have

Oh I see that now, thanks so much I will contact them......appreciate your time helping me with this

I'm not sure I know what that is? But if I could visit with them and they could tell me what the best options are for our situation we would appreciate any help

Yes I read that too, I'm sure my income is above that limit and I'm in a very red state so that isn't going to happen here

Thanks for that advice, I tried to get an appointment at the local office here in Springfield MO but they are not open for in-person visits. I;m pretty good about figuring things out for myself but in this case there just doesn't seem to be enough information online to know the best/right way...

Penalties for Part A are not for lifetime, but I believe Part B are lifetime, that is why I would really want to understand this before making the decision to delay. Seems like there should be someone in the bureaucracy that would be fluent in these matters and advise us of what is best

https://www.cms.gov/Medicare/Eligibility-and-Enrollment/Medicare-and-the-Marketplace/Downloads/Medicare-Marketplace_Master_FAQ_8-28-14_v2.pdf

Age: Nothing but a number There’s no upper age limit for subsidy eligibility. But most people become eligible for premium-free Medicare Part A when they turn 65. In that case, they lose their eligibility for premium subsidies. But if you’re not eligible for premium-free Medicare Part A because...

Part A: If you qualify for premium-free Part A, you should enroll in Part A when you turn 65. However, if you have to pay a premium for Part A, you can delay Part A until you (or your spouse) stop working or lose that employer coverage. You will NOT pay a penalty for delaying Part A, as long as...

She is eligible for Medicare Part A, just not premium-free, she could sign up and pay ~$500.00 per month premium until eligible for premium-free under my credits (about 15 months) also if we delay she can only sign up during the special enrolment or general enrolment periods