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Thanks Scuba. DW is young looking so she will be the daughter of someone at the community. When we visit, I probably will feel the same, too young, but the reality is, I'm getting older, at 55 this year. Someone confirmed that LWV has a wood working shop, so that helps. Without visiting, I...

I read thru this old thread, but wanted recent experience or feedback. - https://www.early-retirement.org/forums/f29/laguna-woods-leisure-world-anyone-71908.html Well, DW and I are going to tour the Laguna Woods Village and Leisure World (Seal Beach, CA) 55+ communities in the near future...

If you are considering BTD, better added cost of insurance. For a new(er) car, you would need full coverage.

Thanks for everyone's feedback. I confirmed that my new employer's 401k plan has the Rule of 55 option. With that, I started a few rollovers to my current employer plan this morning. While I won't need the funds immediately if I retire before age 59.5 due to reasonable cash/CD/brokerage acct...

At my new employer, I'm looking at the IS S&P 500 IDX K (WFSPX) with Exp Ratio (Net) 04/28/2023 ($0.30 per $1,000) 0.03%, Management Fee 0.01%

Well, I'm starting to think about FIRE or Semi-Fire and it's time to consolidate 401ks to make life simpler for me and those that might receive it in the future. I've been lazy and kept all my former 401k accounts, about 6 of them. They are either in Target 2030-2035 funds of S&P500. Expenses...

Another job vs OMY for me Hey OP - OMY for each person is different. Hitting your number gives you more room to treat work differently. Is it basic work BS or really BS. If your BS bucket is full, it's time for you to leave. However there might be other things you enjoy enough for you to...

Sorry to hear about the PITAs. If you are in a larger community, maybe offer pet sitting / dog walking services based on your schedule for a few bucks. So many of my tenants request dog exception to their rental lease as Emotion Support Dog. Some might be gaming the system, but with the right...

Gary - just chiming in to say, these alot of good feedback so far. I wrestle with this while married with kids and employed. Life is just too busy for me to worry about social life for a few more years. If you are openminded to pets, I've found having a dog to helps alot for me. Daily dog...

The group has always been great at analyzing key limits and benefits, i.e. ACA, tax brackets, SS vs annuity, etc. I'm interested in the $7500 EV rebate, but don't qualify for the Federal Rebate as-is, since I'm still gainfully employed by choice but frugal. I know, I should just suck it up and...

My kids are approaching college age. With money in pocket, I struggle with supporting $30 - 50k per year college expense when a major or career isn't reasonable. Even new teachers by me, they start at $45k/year salary. So, $120k - $200k a degree to teach, sorry, just seem unbalanced. My kid...

Please don't laugh, but have you checked Groupon? I see offers for Dental Exam, Full Set of X-Rays, and Care Consultation ranging from $40 - 80 in my area (Austin, TX). I'm still a corporate slave so have not used it yet, but have considered it for my 3rd cleaning per year option.

I turn 55 next year and will probably retire, so this is what I was thinking. Is your wife the same age? That could impact access to 401k timing and SS, etc. In your shoes, with $200k cash (2 years of spending covered) and another $100k+ in 3 - 4 years (from house), would it be worth...

Both are claimed as dependents for now. When I RE next year or so, it'll be less important to me and they can take the deduction if my thinking is correct. I just turned 54 and been FI for a few years, so I've been OMY and still aiming for 55 to retire. If I retire next year after RSU/Bonus in...

After the rush of filing taxes and making a big tax payment, I agree and felt it was a small mistake, but I do plan to do the conversions sooner vs later. I'm thinking they may make less in college, so better time to make conversion. Added a calendar entry to review in Dec/Jan to review.

Yes, we discussed the power of compounding and having $$$ at 50 to determine how life can be FIRE. 2022 was the second contribution for kid 1, Roth was the easy option as kid made less. Already made/saved enough for 2023 so 3rd contribution is almost ready. Current employer does not offer...

I'm a bit shocked as well for a 16 year old kid. It's a casual restaurant with dine-in within a middle class suburb, so tipping for good service is welcomed. Kid gets on co-workers when they slack, so very much a hard worker. Unfortunately, a fair amount of people are bad tippers. Works 5...

I waited until the last minute filing taxes as life happens, so I'm second guessing myself now. Here are the scenarios: High schooler kid 1 worked all year and earned ~$31k and paid $2199 in Federal taxes on W-2. We contributed $6k to a traditional IRA to get more tax refund for her, about...

I will tip for good, friendly service. If it's a simple transaction, from the menu, nothing extra, I don't feel the need to tip, but may tip $1 - 2 bucks at the self-service cafe. Last weekend, I took my daughter out for breakfast at a local coffee shop. The breakfast sandwich was $9...

We play with the idea of retirement in SoCal or San Diego area, so if this "top and bottom" cycle happens, buying near the bottom in 2024 - 2025 would be ideal. I'm in OMY so just riding out until I'm personally ready.

OMY for me, didn't make 2022 Congrats to all the Class of 2022 members!! I didn't pull the plug in 2022, bumped myself off the list, and doing OMY. I turn 55 in 2024, so reconsidering my ER until then, but 2023 is possible as the BS bucket is bubbling. Happy New Year!!

From what I understand, student's and parent's Roth and TIRA won't count as an asset on an eventual FAFSA application, but if a withdrawal is made, then withdraw amount should be considered for the FAFSA calculations. See this article: https://money.com/roth-ira-teen-college-savings-fafsa/...

Absolutely, my hope and dream is to convince my kids to fund Roth from ages 15 to 22. Say we are successful in fulling the Roth for 8 years, for a total of $48k. At age 22, hopeful and silly planning is they would be gainfully employed and contributing to an employer 401k. By age 50, they...

Thanks. I just got off the phone w/ Vanguard and started the process of opening both, Traditional and Roth. I can fund either before April tax deadline. For some odd reason, I though Roth contribution had to be by the end of calendar year, but that has changed or I was under wrong info.

Yes, $7k is only income and had taxes withheld, so we will be filing a tax return for him. Sounds like his income will not be included in parent's income on the tax return, so Roth is safe and won't increase taxes. Thanks