Search results

In a few days I'll be doing a 1040-ES for the first time in my life. I've researched it a bit but still getting confused on a few things. So, two questions (one hypothetical and one real life). Actually, they are kind of the same but here we go... 1) Let's say the standard deduction for 2024 is...

I'm posting this as a response to the current "we never had an HSA" thread. I think we started our HSA in 2013. We did take maybe $2,000 out of it the first year but never withdrew again (until now) but contributed the max each year. My employer only had crappy funds with high fees in so we...

SOLVED - A very easy LTCG question for you guys... EDIT - This has been solved. I used the IRS calculator that RunningBum linked below. Total taxes for $500K was $66,012. Total tax for $1M was $179,365. Thanks!!! I've never done a huge withdraw before and I have always had a regular job with...

This is probably common around here so I am asking for advice. I have been frugal for my entire life. My DW and I beat the game, FIRE'd and are sitting in the cat bird seat. We haven't bought each other Christmas presents for the last 30 years but this year I said we needed to BTD and each...

We recently FIRE'd and are thinking about getting a will written. We are mid-50's with no kids and a modest lifestyle. I expect we would be leaving an estate in the high seven figures, low eight figures. The only thing we have come up with so far is finding 20 things to leave 5% each. We would...

This always happens to me. I subscribe to something and I don't get three months into it and they raise the price. It happened to me on Hulu, Netflix, and now youtube. I dropped the other two but I will have to stick with YT because we watch more on it than we do on TV. EDIT: Mine raised from...

I've received better advice and information here than I have in 5 hours of phone calls today. So far I've been told by ACA that I cannot get a subsidy if I have income of more than $30K per year. That contradicts when healthsherpa told me I can save more than 50% ($1,000 per month) even with an...

This is a socialist propaganda meme but I think it portrays our first year in retirement pretty well.

I listened to Bob Brinker's Money Talk on the radio for 30 years. I subscribed to his Marketimer newsletter for the last 15+ years. I watched him give a sell signal a few days after the peak of the dot com bubble, watched him give a buy signal at the bottom of the financial collapse in 2009 and...

Multi-year HSA distribution without proof. Will the IRS audit me? I currently have around $250K in my HSA. I had it with two different companies and transferred the acct to Fidelity a few months ago. I think I would like to take some profits in the stocks in the account and get a distribution...

My cobra runs out in three months and I have no idea how or where to get health insurance. I'm 56 and live in TN. My wife and I will probably show an income of around $120K each year (LTCG, 401K, Roth) so I think that means ACA is out but I am not sure. I've done some google searches and looked...

We have only contacted two banks so far. The first said we will loan you $650K (not nearly enough) and the second said they would do the full loan. Particulars: 1) They want us to pull $60K per quarter out of our 401K (not sure how they verify/enforce that) to produce "income". Not sure if our...

Online card game I can play with my 81 year old DF? My father lives 7 hours away and every 2 or 3 days I put him on speaker phone and we play Cribbage JD on the computer (pictured below). It is a fun game but I think Dad is wanting to try something else for variety. I've tried my best to find...

I lived in South Carolina when I retired in early 2021 (taxable income of only $8,000 from my job and $83K in LTCG from my brokerage acct) and then moved to Tennessee where there is no state tax. I would like to purchase H&R Block Deluxe+State software again this year but I don't know how the...

Several people have asked me to start a thread on our retirement property. I call it The Bunny Ranch but my wife, Bunny, hates the name. We will probably end up call it The Lazy B Ranch (Bob and Bunny). I wanted to wait a while before I started the thread because even though we have owned it for...

Quick recap for those who don't know my story... - I started when I was 22 and w*rked at MegaCorp for 33 years. - A coworker gave a full year notice (I told him that was dumb) but they bent over backwards to make it as painless as possible for him. - After seeing his success I gave them my...

I went from running around at work to being lazy around the house. I see my floors are down, total miles are down, calorie burn is down, and Active zone minutes are down. BUT, I am getting an average of almost 1.5hrs extra sleep per day. Yes, I once I realized all my stats were down I...

Yes, they got what they deserved! I thought I did the right thing by telling them a few months ago that I was going to leave in March after 32 years and they took revenge on me (long story). So, two days ago I went to w*rk just like normal. At the end of the day I cleaned out my desk and...

Relax, take it easy... A video of our new property. We are probably six months away from living our dream - retired (in 1.5 months) and living on our own little slice of heaven. 30 acres of beautiful land in Tennessee. We are so excited and the anticipation of getting there is killing us. The...

I've got 22 working days (93 calendar days) until retirement. We have purchased some farm property and plan on moving as soon as I retire. Our current house will be sold some months after that. We are not taking much with us because we are leaving a 2350 sft house with a 900 sft workshop and two...

So, I am married and retiring in a few months at age 55. My company will give me $1100 monthly towards my healthcare from 55 to 65. I have $150K in an HSA that is invested in the S&P. I haven't really done much thinking about this but I had always intended to pay for my healthcare (above the...

Hmmm, this was actually kind of good:

We have purchased 30 acres in Tennessee for our retirement home. I know it will take forever to get the house built so the plan is to buy an inexpensive $52,000 728 sqft single wide "trailer" and live in it for 3 years on the property while the house is built. Afterwards we will sell the single...

About six days ago we had a huge electric storm and it sounded like lightning hit really close to the house. We found out two neighbors lost some electronics as well. So far the damage is: Dish Network receiver (new one on order) Cable modem (replaced) Network Router x 2 (one replaced so far)...

Why am I writing this? I wrote a post when I hit one year out and so it just seemed normal to do one at six months out. I figured it would serve as a little pick-me-up. I definitely need one. So, I came home after work the other day and had a little breakdown. The stress at work is really...