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Going from family history. Yep, My dad died 25 years ago (heart disease), my mom is still going. My wife's mother and grandmother outlive their husbands as well. Her mom is 81 and doing fine. Her grandma lived to her 90s. On my side of the family, Dad passed at 63, his dad in his 60s...

For comparison, in Oregon, state income tax is 9.9%. No sales tax though.

MIne is also 'In Review'. There is no way I'm clicking on the email link in the email I received yesterday. I did go directly to the site and used my ID to see the review. Hovering over either of the two links just shows a very, very long web address. It's likely valid, or this could be...

You are likely correct there. It is what I plan on doing. I'm retiring at the end of the year. I"ll be 62, and plan on doing the Roth conversions of a significant amout durig the first 4 years, before starting SS. Delaying SS til 67 makes it easier to do, as the Roth conversions will bump us...

Oh yeah, somebody mentioned home haircuts. We found one of those Wahl hair cutting kits at Goodwill 10 years ago, and it took a few tries for my wife to figure it out, but I'm easy. So have not paid for hair cuts in 10 years, and as they are $30 dollars now! and I need one every 6 weeks ---...

It is so much more complicated than just a 'break even' age, especially if your spouse will be claiming SS based on your income. Are their other source of income or savings, will RMD or IRMAA come into play, what would one do with the money. Do you expect to need more of an income at 62 or 80...

Definitely cooking from scratch. One does it every single day, and those savings add up. Not just cooking frozen lasagnas or heating up soup, but learning how to make meals from the basics. Healthier for you and so much savings.

Not sure if this was mentioned yet, but we still get our TV with an antenna. It is HD and beautiful. 45 miles from the bradcasters, so have a huge antenna strapped to the chimney. ABC, CBS, FOX, NBC, PBS, WE and the lots of others such as Cozi and MeTV. Have an old school Tivo DVR attached...

Minivan transmission went at 160,000 or so for us. Cost for a new one was about 6 months car payment on a new vehicle. I figured if it was good for another two years, it would be worth it. That was 10 years ago.. Yep, just the cost of owning property. Would rather pay what I can today...

I am 61. Drove a motorcycle in college, as that was what I could afford. Bought a little 4 banger Dodge D-50 pickup in the 1986, when 1st child was born. Bought a Dodge Minivan in the 96, when we had our 2nd child and with our third on the way in 1987. Then in 2012 bought a Dodge...

I could put in 0% for the Average Annual Increase and it reported the 'real values' only

This! We believe in being there for family, especially as they age. Any children or siblings with a spare room would be a blessing.

Short answer will be 4.5% from ages 63-67. 2.25% from age 67+ til RMD's kick in. Not retired yet, but planning to at the end of the year. Will be 62 still (63 three months later, so starting at 63 in my spreadsheet) So I am running a lot of scenarios through a spreadsheet, with one of the...

Can someone here speak to how the two year look back works when a spouse dies. Am planning for the future for when I die and my wife is the survivor. The two year look back would be taxes filed for married filing jointly. But as she is now a widow, her IRMAA brackets would be based on...

I will be in this situation shortly. I have yet to see this mentioned. If I stay with the company pension (University of California in my case), I maintain access to the group medical plan. While it still costs me money, it is less than buying it on the open market. If I take the lump sum...

+1 from me

Regarding the pension options. Are you married, and if so, what would the options be for the monthly payment being provided for life for both of you. If it was still 1800/month, and she has a longer life expectancy, that factors in. Also, is there a COLA built into that payment? These items...

To the OP if still listening. We are in a similar (but not quite the same) boat. We have four daughters -- one in her 30s, two aged 21 and 22 currently in college, and a 13 year old. For this discussion the focus is on the 21 and 22 year old. When they were graduating high school, we agreed...

I resemble some of these approaches. I definitely * flatten and save aluminum foil (provided it's not 'foody') * rinse, dry, and reuse 'freezer' quality zip-locks (the expensive ones) * darn my socks * wear t-shirts (for the same reason I use bed sheets) because it's much cheaper and easier to...

Hmm, While I agree that eating on $4 / day is a challenge, this reporting (I had to google a few stories) is abysmal. "The mayor said he quickly learned one must plan meals really carefully on a limited budget" Really. He's the mayor and did not know one must plan meals carefully on a...

Hi Bspooky, thanks for posting your budget. We all have different lifestyles and I'm new here, so forgive me if I say something dumb. (I'm 50 by the way, and trying to retire at 55). Two things in the budget jump out at me as areas that could be reduced quite a bit. Dining out and Groceries...