Recent content by old woman

I don't have one. I take RMD from IRA but usually nothing from ROTH or Taxable, sometimes convert to ROTH if I take more. RMD and social security is more than I could ever spend and I still have lots of money in ROTH and taxable. I also inhertited a bunch and have a lot in the estate account I...

Taxes on 401K and it pushing income up so dealing with limits like IRMAA. My 401K was fine at 70, took out about 4% RMD but then it grew more than that so every year the percent goes up and total goes up. You can't reduce the income. I have been converting as much as I dare with all the limits...

I tried it at a place that packs food for food pantries. They limit you to two 2 hour shifts a week. They have more volunteers than they can use. The work was mostly things like turning 50lb bags of rice into 1lb bags, a machine could do that. Companies sent teams, schools required volunteer...

Clean your house. My boyfriend has a small farm with a huge garage and barn filled with stuff and 3 boats and a ton of tackle. I dread his death more because I would need to rid the stuff. Some has enough value to bother with but much is tiny stuff. An auction house wants 40% then to charge the...

Financially you are fine, you might want to work at paying off the mortgage, for no good reason. Emotionally I feel you should plan to make sure she doesn't feel bad working longer. Get up with her and make her coffee and do chores while she works like a house spouse. Resentments might build if...

I rising tide raises all boats. For example housing markets and stock markets make idiots look smart. When the tide goes out you can see who was swimming naked because they only can make money in up markets.

If I get cash I keep it for no reason. Before Christmas I wanted to send money to a niece to help pay for dinner since she was hosting. I reached in my purse and found 3 c notes and had her brother take them to her. My purse has a lot of money in it, I never even count it. I tossed 17 singles on...

Save enough for your final years then spend a small percentage of the rest. I am saving enough my nest egg will pay enough for in home 24/7 caregivers forever. So I figure it cost about 300 a day or 100K a year. A million would pay for 10 years, anything else I can spend. SS covers my cost of...

I always compared the cost compared to income after normal expenses. For example you have $200 a month left after housing, medical, food, transportation and you want to spend $1,000 on a splurge item it is 5 months of excess income. Now retired is different, my income isn't steady so no clue...

My car is a 2007 with 64K miles, I now drive about 300 miles a month. I am 70 so considering just making this my last car. If it starts breaking down I will replace it. If I hate it for any reason I will replace it. If I have failing health I will get my nephew to drive me places, he lives less...

My parents bought a 2 bedroom house in a town on salt water. It was a couple hours from home. Everyone loved it except my parents. They would go clean, was drapes, mow the lawn then company would come. The company would go crabbing or boating using my parents gear then parents would provide food...

My nephew and his wife hosted, my brother and his wife, niece and her daughter, my boyfriend and I so 8 people for dinner and quiet conversation with 3 dogs and some cats. One cat demands to be petted and dogs are all lap dogs so my boyfriend had to pet as many as three at a time. I had a lap...

I was 60 with a decent job and 400K invested in the markets. I couldn't make myself look everyday but kept maxing my ROTH and 401K. I worked harder and got more raises and bonuses so with putting in more and more recovered pretty quickly. I went from thinking 400K was enough to retire to...

Twice since retirement. First to go was all but three skirts and most sweaters. Then moving and kept only three skirts and some pants and tops and one blouse. I am a homebody living in pajama pants and shirts. When I go shopping I might only wear an outfit an hour or two so rewear. My walk in...

They will not reduce low income people's SS check. They will raise taxes on SS for higher income people, currently 85% is taxed for high income people they will first raise that to 100% and might reduce the amount we receive or stop COLA for highly paid recipients. I get 2752 a month but have...