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I'm mostly fine with the investing part. It is the SS optimization, tax planning, Roth and RMD stuff that concerns me. Seems complicated and possible to make expensive mistakes. Also the time spent doing it. It has also been brought up that an advisor can help prevent you you from deviating...

Thanks for so much good advice. I have been interviewing several CFP's . A couple of them offered a pay as you go fixed fee alternative. At Fidelity they will do advising for "free". I'm going to meet with them very soon and at least hear what they have to say. Any thoughts on what...

Yes, I'm lking this idea of using an adviser or CFP to get setup. By the time a year has gone by I would presumably have learned enough to do it myself. I have fallen prey to panic selling before, so maybe I rely on others here to help me stay "sober"!

portfolio management, tax strategies, SS strategies, and which account to draw from in what order. I think that covers it. Also stuff like IRMMA and other things that can be inter-related with the other stuff. maybe it makes sense to think that they are all tied together by tax strategies.

Yes, I was thinking about that today, just having another person between you and bone-headed panic moves might be worth something.

I did try it out, seems good if basic. That is another question for me, looking at software. I know there are threads on this already. I thought about Pralana but it does look complicated. Maybe Bolding then.

I am retiring in March, a little over 2 weeks from now. I have been looking for a good advisor, hopefully in my area (LA). Fee-only. I kind of don't like the idea of paying around 1% fee for active management, and I'm more of a DIY type. Is it possible to find someone who would work more on...

I could take out a life insurance policy?

Well, we got into some substantial debt in the previous decade and only got out relatively recently so it should be more saved if not for that!

Actually not so much I think. 2/3 of that is SS benefits for my daughter, which are not taxable. I think the tax rate on the remaining SS benefit would be pretty small, if any?

Yes, that is just a minimum amount. I will plan on maybe one vacation per year, also plan for new roof on my house etc. I did read that people often do spend more the first few years, but then actually spend less, and often end up with substantial funds left when they die.

2544+2544*.4+6200 The $6200 is the disability my daughter gets.

Thanks for all the good feedback! I will act on that for sure. As for SSI income, my statement says: I don't think this includes spousal benefit. I'm next going to look into health insurance for age 62 to 65, and see if i quality for any vouchers.

Good point. She is in good health etc. but you never know.

I did run it just quickly, but does it factor health ins payments from for example 62 to 65?

My name is Todd. I am an engineer/researcher is Los Angeles area. I only just realized I can probably retire! My wife and I are 62, in good health, and I had assumed I would work to at least 65. Now that I realized it is a possibility to retire now, I can't stop thinking about it! Thing is...