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OK, thanks for the confirmation! One quick follow up........ When taxes are filed how does the IRS know the contribution was under the spousal rule? Is there just a box to check?

So I think I understand this but I am sure the brain trust here at ER.org can confirm or deny??? If my spouse has zero earned income for 2018, do I have it correct that I can contribute to her EXISTING Roth IRA as long as 1. We are filing jointly 2. We are under the phase out MAGI (189K -...

Thanks for the reply. We do have SS (no pension) but I know it is projected to fall short around 2033 which is the year we may began drawing it. Based off the current projection if we were to draw it at age 62 it would be around 34K additional per year combined but if we stop working early...

So as we move closer to trying to pull off some form of early retirement I am realizing the draw down strategy seems to be way harder then the accumulation phase. So here is where we are currently 401K's .....mine 485K, Hers 275K for a total of 760K Roth IRA's 110K Taxable accounts, Co...

I have looked into the 72T rule and it could an option but it has to be done exactly right or there can be some ugly retroactive penalties. Without a house payment we are adding to the taxable account at a rapid pace while still maxing out the 401K's. So maybe after another seven years it...

We just reached them same milestone last year. I don't mean to be a buzz kill, but for me it really got me thinking and made me realize ER still seems hopeless. So we have over a million invested, we also paid off the house last year as well which is around $425K in value. 42/43 years old...

Although we are still at least 10 years away from attempting ER I need to start thinking about a few things. We have had 2 Roth's and a Taxable account with Schwab for something like 15 years. They are now and have always been 100% equity index funds(Total Market, S&P, Small Cap, International...

Farm raised shrimp are known as sewer shrimp for a reason. We will only buy wild caught shrimp and other seafood. One of our local stores calls them Key West Pink Shrimp and they are amazing tasty compared to sewer shrimp

Ya, that's what I thought. It just seems odd to me when looking at the MM funds they have an expense ratio 0.45%-0.62% which is higher then the 0.10%-0.29% for the index funds. I also have become a little skittish with some of the things I have read regarding what will happen to MM funds if/when...

Okay, so for 15 years we have been adding money to our Roth IRA's and taxable brokerage account. Its all index funds and I have left it on auto pilot but as we move closer to considering ER I will want to start moving some of the funds into cash/fixed income. If I sell a fund in a taxable...

We have a whole bunch of index funds in our brokerage account with a company other than Vanguard. Over the next 10 years I really need to beef up the taxable portion of that account and would like to add some Vanguard Funds(especially Wellesley) I think the sales charge is $50 for funds of a...

Okay, thanks for the advise. I think my new hobby for the next few years will be to really track all expenses and get a few years to look at. I did a rough estimate by looking at all bills paid for 1 year and subtracted out the house payment since it will be gone. Then I roughed in the rest...

So I have been coming to this site and reading for about a year. I signed up about a year ago but never posted anything until now. So here is our situation. 43/42 years old. One child(21), that is raised and will be leaving the nest in 2 months. So we will be young empty nesters soon. 120K...