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Just got my annual bill and notification of premium increase for my LTC policy from the bastards at Genworth today. I’ve had the policy for 17 years, and for the past 7 years or so, they have been either increasing the policy and/or giving me the option to reduce benefits to offset the premium...

Would be interested in the thoughts of those here. After managing my (and my wife’s) nest egg independently for our entire working lives, I handed over the management of our money to a fee only CFP. I like the advisor, I am happy with the fee structure (fixed fee regardless of the amount of...

My wife got a notice from her employer today regarding her retirement and options for her t401K. One option they mentioned was converting the proceeds into a Roth IRA. She has a substantial sum of money in her t401K account so that wouldn’t make sense tax wise to do it all of it. But the...

My DW’s mother passed away in early January 2021. DW was one of the beneficiaries of her mother’s tIRA and received 1/3 of the proceeds that were rolled into an inherited IRA. Her mother had not taken her RMD in 2021. A couple of questions (1) As my mother in law was alive for a week or so...

I’ve managed my and my wife’s investment portfolio for our entire working lives. I suppose “managed” is somewhat of a generous characterization of my skill...we just relied on living below our means, dollar cost averaging into low-cost index funds, and a long period of time to accumulate (to...

I received what I thought was incorrect tax information regarding an inherited IRA. I plan on confirming this with a tax pro, but figured I would ask here and see if folks believe I am correct in my thinking. Scenario: Person A dies in early January 2021 and leaves the balance of a...

In 2020, I can convert $16,500 from a traditional IRA to a Roth IRA and stay in the same tax bracket (22%). I have very little in the way of Roth assets---virtually all my retirement funds outside my pension are in traditional IRAs and 401K's. Figured this was a no brainer....just have to pay...

Hi...was hoping I could get some thoughts on which pension option folks here would think would be the best choice for my wife when she retires early next year. She is is in good health, and when she retires she will be 58, so she will, hopefully, live a good long while. Option 1: She receives...

So, I walked out of my job---will be 8 weeks since I retired/quit tomorrow. I posted here prior to leaving expressing some uncertainty about leaving. (The same sorts of things many other folks have posted--the value of working one more year, etc.) While 2 months is hardly a lengthy amount of...

So, I started the posted below earlier regarding my conundrum about retiring--I got a lot of useful info and some very insightful thoughts. Thanks for all of this. http://www.early-retirement.org/forums/f28/harder-than-i-thought-it-would-be-85151.html I did not mention in that post that we...

So, I've done the math dozens of times, and my logical self knows that I am fully able to successfully retire, at least from a a financial standpoint. My wife is on board with my decision....this is something that we have both talked about and been working towards for years. Every time I look...

Below is an article from CNN.COM that addresses the issue/concerns of high seniors who did well in their studies, were accepted into their colleges of choice, but were apparently not able to afford attending based upon the financial aid packages they were offered. My son graduated from college...

Hi. I am would like to retire in 2018 at age 56, so I am trying to get a bit more serious to see if this financially realistic. I have never been much of a budgeter or tracker of my spending, and I know many of you recommend getting a good grip on this before making the jump into...

I thought I would take a minute to share our family's experiences with our kids' decisions to attend small private liberal arts colleges and major in traditional liberal arts programs---e.g. history, psychology. While the sample size is admittedly small (my two kids) their experience helped to...

I live in a townhouse community (18 townhomes) that are identical structurally. The only differences are cosmetic and unique to each home's interior. The exterior, construction materials, square footage, etc. are all the same. All of the homes are more or less identical in terms of location...

In the past I have seen posts here where people share/compare their savings rates. I have always been super impressed with the thriftiness of some of those who participated in discussions---lots of savings rates reported in excess of 50%. For us, we are at 30% (give or take a point or so)--I...

My wife and I are moving from a low cost of living area to a high cost of living area. We own our home free and clear, have a contract on it, and assuming we make it to closing without some sort of disaster, we will walk away with about $265K. The new house that we will be purchasing is far...

Different perspective on drawing down your nest egg from the WSJ: http://www.early-retirement.org/forums/newthread.php?do=newthread&f=28

Been awhile since I have posted, but have been lurking/reading regularly. Thought you could opine on my pension options. When my wife and I retire, we will both be eligible for a pension. Our options are as follows: Me: $3308 per month w. no survivor benefits Wife: $2981 per month w. no...

I am doing my 2011 taxes now. I hate this annual exercise. My wife and I make approximaely the same income---$120K each per year. We are both salaried. Our house is paid off; we max out our 401k contributions, and max out our HSA. Our combined MAGI is too high for us to contribute to Roth...

Good morning—I am a first time poster. I have been lurking for a few years and have been trying to absorb a lot of the information that you have all been sharing. I, like nearly all of you, have an interest in retiring early. I feel like I am finally getting close to my destination of early...