Recent content by rworell

Good link but it states if someone needs more of a distribution. I’m looking to be done! No more distributions at all.

My advisor never advised me that I would loose all step ups on my annuity as well as any deferred credits. By taking this distribution I stand to loose well over $200,000 in possible gains that my step ups would have given me. That’s also if the market does not rebound in 5 years to make up...

I know all the rules on why you have to stay in until 5yrs or 59 1/2. What I want to know is I’ve received one 72t payment 9months ago. I now feel it is not what I need so I’m willing and ok to pay the penalties. What I’m unsure of is the penalties 10% plus interest on only what was received...

Very good advice

Great point! I’m 54yrs young, healthy, so I expect a long life. Thank you

Wife and I in June had 1.1 million invested. Stocks now down from then $200k should we hold still and forget about it or place in safer investments to minimize bigger losses if left alone. We are early retired and don’t put into our investment as we used to. We full time RV on a very low...

I’m all in and not scared... I’m still young enough to have tome to recoup if needed

I retired young at 51. I’m now 54. I have “0” debt and also have about $75,000 liquid too. Wife and I are full time RVers. She too has the same amount as I but we want to do what’s best.

Hey everyone, I had a variable annuity that is done and thankfully it grew very well the last two years. I now have approximately $550 thousand and was thinking of dividend stocks to earn passive income and still grow. I know “0” about them but it seems to be a great way to go. Thoughts...

Lol... we actually do the same. We live in our 5th wheel back home in Maine at a CG I work at. Work isn’t hard but it’s our intent to go completely full time in the next 2 yrs and just live off our savings / investments. We’ve workcamped the last 3 yes ��

Correct, we will bring in another $30,000 with SS and about $10,000 with wife’s pension at 62yrs old. That money is in a a matured mutual fund I’m paying to much for but as luck would have it we eyed one very well. We do plan on living this lifestyle of Rving long term and eventually settling...

We have health insurance and would like to do some investments through index funds and withdraw what we need as needed. We live comfortably on $35,000 yearly

Hello all. I’m 53 and DW is 51. We are retired from our careers. We full time live in an RV and work in summer months to support our lifestyle. We would rather not be depending on the summer work and figure out how to utilize the $948,000 we have to live on for the next 30 yrs through...

Completely new. Just want to make the best safe decisions. We don’t want or need much. Just want it to last.

We have ACA (Obama Care) good solid coverage for us at this stage of our lives. Very inexpensive due to our low yearly wages.