Recent content by Wingnut

You know, I missed that! 5 is my new favorite number! Sent from my iPad using Early Retirement Forum

5 may, age 55 Sent from my iPad using Early Retirement Forum

2 weeks to go! Sent from my iPad using Early Retirement Forum

Bump. The 40 year old grandmother referred to in this story is the poster child of the disintegration of Responsibility in the USA and why I see stunning similarities between the USA now and many previous civilizations (particularly Roman) destined for the dust heap of history. Mandarin lessons...

Been a member for 30 years and just jumped on this, thanks for the tip! Sent from my iPad using Early Retirement Forum

I was just thinking the same on the way home from work. I was actually thinking of an escrow account to hold the money and then disperse it in the 2019 timeframe. I would show all the income in that year (to date) and the buyer would have all the 1098 interest in that year. in the first 3...

To further clarify, i was asked if carrying the mortgage was possible. And yes, it is possible, although the responders are correct; i am not crazy about this risk, i'd prefer to sell it and be done with it, but i know the property well, so i see the risk as minimal, all else being considered...

To clarify, i am not concerned about the capital gains from the sale, as it was my primary residence. I was wondering if there was a mechanism to delay receipt of the proceeds from the mortgage payments for a year or two until my income drops. In 2016-2018, i will be in the 33% bracket, post...

Four 5's and a 4. 500k in 401k 500k in IRA 500k in Brokerage Account 500k in Cash 400k in Home Appraisal. FIRE 5/5/2016

Thats what i expected. Thanks for the reply Sent from my iPad using Early Retirement Forum

I was looking around at some of the tax sites online and haven't found an answer to this particular scenario. I thought maybe someone else might have thought of this and figured it out. I am trying to defer income to a lower income tax year. I will retire at 55 (18 mo), but have a steady...

Wow. Thanks a lot for the great posts. Now I have some rainy day work to do!

If you are fortunate enough to be able to use USAA, they also have a free chip and PIN on their matercard. It does have a 1% for trans fee, so we are migrating over to PenFed signature visa moving forward as they have a 0% for trans fee.

I'll check again. I was somewhat rushed today. Thanks.

I spent some time on the social security site recently, looking at various scenarios, but the calculator is so basic, it doesn't address my situation. I wonder if anyone has found a better calculator that can answer this: Will retire at 55, in two years with 2 additional years of passive income...