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Seems to me: a. If you don't need the SS money soon, but you want to leave more money for heirs, then you may want to take SS early (unless you are confident you'll live to 100 with 30 years collecting SS). b. If you don't need the SS money soon, and you don't have heir or don't care leaving...

Thanks. I missed the first one. Good idea making up a SSN.

It asks one to enter the average annual salary, so if the salary for the 5 years between now and taking SS is, say, 0, 0, 0, 60000, 0, resp., I'd just enter the average 60000/5 = 12000. I downloaded this, and when I opened it to try to fill out the form, there is a field asking for social...

Just realized I started this thread in the wrong forum.:uglystupid: Meant to start it in FIRE and MONEY forum. Thanks Mod for moving it to the right forum.

Oops, just realized I started the thread in the wrong forum! No wonder! :greetings10:Could a mod please move it to FIRE AND MONEY forum? That's where it belong and where I meant to post that thread.

Yes it is, it is there now, but earlier, I didn't see it even when I searched the title. I'm pretty sure because I tried multiple times. Edit: In fact, now it's not there again, but is in the Recent Threads section. See attached screenshot. Edit 2: It seems to show up, disappear, show up...

Some recent threads does not appear, but only visible at "Recent Threads" section? I can't see the recent thread I started in the forum, but can only find it in the "Recent threads" section on top right corner of the screen. Why is that? How does it work? (I notice some recent threads appear in...

Thank you all for the great info and for sharing your own experience. Sounds good! Thanks. I didn't know that. I just tried by clicking on the arrow at "Average Future Annual Salary", a box appeared below where one can enter any figure for future salary, including 0.

As I understand it, SS estimate amount for a future year is based on your past earnings and potential future earnings up to the day when you start claiming SS, as well as you age? Suppose the estimated SS is: age 62: $1500 age 65: 2300 age 67: 2500 age 70: 3400 That's assuming you continued...

It's 2024 now, is there any news about backdoor Roth? (I haven't been following)

If they work from home, doesn't it mean the phone calls are not recorded for "quality assurance"?

Very helpful discussion. An ignorant question: SS is by the year from one's date of birth to next date of birth, not by calendar year, correct? E.g. say your birthday is Nov. 6, does it mean if you start taking SS on September 30 this year (when you are age x), you'll get less than if you start...

I see, thanks. Thank God I don't have post-tax plans and no tIRA. I just liked the simplicity of Roth :)

It's almost November, when will the Congress discuss this? Is it likely to pass? And why they only go after the post-tax conversions and not pre-tax conversions? (I hope the latter is not on the agenda)

Great comments, thanks. Yes, Alex The Great, I find it a great way to increase Roth account by rollover from retirement plan whenever eligible. I have an account that I plan to rollover in installments as soon as I can while continuing to contribute just for this reason. Fortunately I don't have...

Thanks for sharing. I'm for the idea to move money out of former employer's plan, too. In my case a rollover to Roth instead of tIRA can avoid state taxes; OTOH if I first rollover to tIRA, I would have to pay not only federal but also state taxes, so it's a nobrainer. Interesting story, MRG.

Thanks for sharing. I never thought about protection from creditors, and didn't know even after the rollover that part could still be treated differently (favorably).

First off, I believe I made more money from my small roth account than from the larger employer sponsored retirement account because I have so many great investment choices in the brokerages. So obviously this is one reason I plan to rollover all the money in my employer sponored tax deferred...

One possible advantage to have a deferred 403b is that when you leave the job or reach age 59.5, you can convert it to traditional or Roth IRA, which is a way to add to your IRA. Other factors may affect whether this is a good idea, such as how long will your sister have until leaving the job or...