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Thanks for replies. I'm rerunning for this year as I have a lower than normal AGI and the 7.5% hurdle is not enough to negate itemizing as better than standard. But won't affect prior years.

After 3 years of retirement (and 37 years of W2s before that), I figured out that I may be able to deduct health insurance premiums. Check me on this please. I am fully retired but I am still on my old employers insurance plan as a retiree. I pay 100% of my premiums out of pocket. I can...

I'm interested in finding a good income optimization package. I retired in late 2019 and my original plan to tap various asset sources and my pension made a lot of sense in 2019 and 2020. Also, I started doing Roth conversions in 2021 and my best window for significant conversions is 2022-2024...

Thanks all.

Reviving for a quick comprehension check on loss carryforward use in 2022. Assume I have 15,000 loss from prior years carried. I know I can use up to 3000 against ordinary income. Can I use any amount available against ST/LT CG incurred in 2022? Ex: 6500 in LTCG after sale - use 6500 in CF...

Using a base pension of 100k, early at 59 (2022) will be 77k. Waiting until age 68 will be 129k. I found a breakeven spreadsheet that factors in an annual inflation input as well as a real rate of return. Using the 59 vs 68 scenario gives the following breakevens: Annual Inflation...

I recently had a thread about Roth conversions that describes my current situation/plan. BTW, I did a conversion in 2021 and will carry on as available. https://www.early-retirement.org/forums/f28/roth-conversion-thoughts-feedback-111091.html My current plan is to wait on my pension until...

Check me on this but I think if you roll a 401k over to IRA, you will lose the rule of 55. Just something to remember.

I currently have my taxable investments at Fidelity in a standard brokerage account. Also, my wife's IRA. These were moved from my prior investment firm where I had a financial advisor paid through AUM. So I am now self-directed with no advisory fees. Do those accessing eMoney have a paid...

Not that anyone knows, but would that mean the brackets revert as well and the current 24% shrinks back to a smaller relative top end when it goes to 28%? Although I assume the prior brackets would be adjusted for inflation from 2018 to 2025...

Thanks. Helpful thoughts. Yes, part of my belief that future rates will be higher. It will be an "interesting" debate in congress over what to do...

Thank you all. My expectation for future tax rate is that we will likely have annual income that would keep us in the income bracket that is currently 24%. What the actual tax rate for that income level will be is unknown but I believe the probability that it will be greater than 24% is pretty...

Hi all. I’m interested in feedback, thoughts, resource recommendations or advice on how to think about planning for roth conversions in my situation. I apologize upfront for the length of this post but I have a bit of a different cash flow situation than normal so added some explanation. The...

I just use a mild soap and hot water. Replace mask and tubing every 6 months or so.

Thanks again everyone. Useful ideas and resources that will help her financial education. I'll pass on the links and talk her through the thinking. She's doing the right thing getting started and we'll try to not over analyze it.

Her Roth is 85/15 S&P index and US bonds. Currently about 8k. I assume that's easy to adjust. Any reason to have different allocations? Taxes on dividends in taxable vs none in Roth?

Thank you all. To be more specific, assume a 90/10 allocation and Fidelity index funds or ETFs for simplicity and low cost. Thoughts on this recommendation? 70% FZROX US Total Stock 20% FZILX International Total Stock 10% FXNAX US Bond Index

Yes. She has an ample cash reserve though we haven't discussed exactly how many months. Knowing her lifestyle and rent, she likely will keep at least a year at this point. She's just getting her feet wet with investing. 100% makes sense at this point. Not sure I'll get her comfortable with...

My daughter is 24. She has accumulated a fairly sizable savings account and we are discussing her opening an investment account to put some money to work for the long term. She currently has a Roth IRA with about $8k and set up a monthly investment. (85% stock/15% FI) I have pointed her to a...

I retired in 2019 and some deferred comp was paid in 2020. They withheld about 80% of the Federal and State estimated taxes I calculated I will owe based on my expected 2020 income. Can I wait until later this year in 3Q or 4Q to make the remaining tax payments or do I need to do as soon as...

Newly retired at 57 with a two legged stool. FIRE 100% for ~10 years then start taking my pension which will be about 80% with 20% investments. Blessed to work for ~30 years at same place that offered pension and 401k.

One aspect of the decision should be your need for and access to liquidity in your overall financial plan. A paid off house is not liquid unless you have the ability to borrow against equity. Just something to think about.

Thanks all. Checked the docs again and they match what I was told on the phone by the plan manager. Just wanted to hear of real world experiences. My plan has a $75 charge per w/d so will plan accordingly.

I’ve read the rules about early access with no penalty and just looking for more verification. I’m 56 and retiring after 25+ years with the same company. All my 401k money is in the companies plan. I can leave it there and access periodically if I wish until I’m 70. I understand I can w/d...

A callable bond is the issuer purchasing an option to retire the bond before maturity. They pay you for the option through a higher coupon than they would if the bond had no call option. That may be why a P&G bond coupon of similar maturity is lower than a Farm Credit bond with a call. Also...