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That is exactly what I was thinking, you were just able to put it into words more understandable than I.

It is currently 100% equities. While we don't need the money, we do currently need income, which amounts to about 1/10th of the inherited IRA. We currently receive that income from DW's 403b account, as we have no other sources of income. Taking withdrawals from both tax-deferred accounts may...

Unfortunately, I recently had a good friend who passed. I wam the sole beneficiary of his estate and a large IRA, which increases our investable assets by about 50%. I’m 52, and DW is 58. We’ve been comfortably retired for the past three years and have been using the rule of 55 to draw down her...

Nothing happens. Mine has dropped below 100k numerous times without consequences. I did read on Reddit that they will close it if you drop below 10k. Never tested that out.

I am bummed out. Woke up Friday with a head cold and sore throat. Luckily covid test was negative. Was hoping I would feel better by this morning, but actually feel worse today. I was looking forward to putting face to names, but probably best for me to sit this one out and shoot for next...

I would like to attend. It would be my first meetup, and perfect timing since we are in our first full year of retirement and wintering in FL. Either date works for me. It would be just me coming from Venice, so Sarasota works well.

Thanks for the analysis. It would seem that with a current lump sum of $57,000 it would be an even more financially optimal to take the lump sum and purchase the immediate annuity rather than taking the pension.

Thanks for all the input. It is all very helpful. I probably should have put the current lump sum payout in the initial post. I just looked and the current payout would be $57,806 now, or $67,943 at age 65.

I have a small pension from an employer that stopped contributing to it years ago. I realize the amount is small, and it probably doesn't mater much, but I was looking at the numbers there other day. Current age 50, DW 56 Assume average life expectancy NO COLA 100% survivor benefit Take...

I just got notice that Live Oak Bank increased their savings rate to 0.8%

Just check my Toyota income driver notes, and it looks like they lowered the rate to 1.15% from 1.35% this month. :(

We have an existing Treasury Direct account. We were able to add an Ally account and Fidelity CMA account without problems. We had to get the Medallion stamp at a local Fidelity office, and mail it in which took about 3 weeks.

It is my understanding HSA funds can not be used for ACA premiums, only COBRA premiums.

The biggest factor for us is spousal survivor benefits. We are delaying the larger benefit to age 70 to provide the largest spousal survivor benefit. The other benefit we may or may not take earlier than 70.

The more I think about it, it would probably be disallowed by the plan as it would then be considered an in service withdrawal.

If allowed, the plan would be to continue to use the rule of 55 to withdraw funds prior to 59.5. No new 403b would be started.

I have searched the internet, and could not find an answer to this question. Let's say someone separates from service in the year they turn 55, and then starts to withdraw funds from their 401k/403b penalty free under the rule of 55. That person then, at some point, returns to that employer as...

That is definitely something that stokes the fears. The one thing that makes me feel a little better is we have built a pretty good cash buffer in case of a downturn right after retirement. I will probably put it in some MYGAs, after our financial planner review.

Thanks to all who have shared their experiences and words of encouragement.

I realize I didn’t really give any details. I think I was looking to vent my fears to others who probably had some of the same fears. I think our plan is solid, with a lot of cushion, making most of our fears unnecessary. But that doesn’t keep those fears out of the back of my head.

I finally can empathize with all the threads I have read over the years about people’s fears when it comes time to retire. My wife and I have been working part time these last couple years, with plans on retiring when she turns 55 at the beginning of next year, at which time I will be 48. We...

Don't feel stupid. We are in a similar situation. We are thinking of retiring in January, and have also increased our cash to 600K in preparation. Right now we have 500K in no penalty CDs at Ally, and have opened an account at Live Oak for a 100K cd that is maturing soon. I have looked at...

I am 7 years younger than my wife, I would be thrilled if she called me a trophy husband. Somehow I don't think I will be hearing those words from her mouth. :laugh:

I recommend getting one that uses magnetic resistance vs one that uses friction. They are much smoother. I was able to score one in that price range off of craigslist in like new condition. It was from a company that purchased a bunch of them from a gym, so they were high end models. Might...

We used a Garret Network Planner in SE WI a couple years back. I more wanted a second opinion, and the wife was considering going part time. We were happy with the service, and no attempt to sell anything or AUM. Just a one time fee. I will send you more detailed info via PM.