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Oddly enough, I was just coming on here to state the opposite and find out why or how to turn them off. In Edit Options, I have it set to no email notification. I still get an email about every reply, which I dont want. Default Thread Subscription Mode: When you post a new thread, or reply...

OK. Thank you. I am starting to see the strategy now. Am I correct to understand that, in good market years, you'd be selling long term investments for a gain to generate required income at 0% capital gains and then in down years use the cash/CDs/liquid so as to not have to sell, as you said...

I agree there were alot of differences from then and now. In addition to what you said, healthcare and pensions are two other big differences. I appreciate the links and am here to mop up as much knowledge as possible. Its interesting to learn there is no "right" way to do all of this (I am...

OK, but your example is still something I am just beginning to learn about. Is that 118,350 straight from the capital gains tax table? I assume that the value is higher for 65 and over which is why you guys keep saying "over 65". The 2023 capital gains tax table I see for MFJ for 0% is...

OK what I am taking away from this thread is that people are doing this or some form of this successfully. I did check with fidelity and I think its as you stated...if you received the dividends in the BL, you have to transfer them back into the 401k into a fund (like the stable value fund)...

I do understand that is taxable. A couple under 65 in 2022 that made 125k gross income with only standard ded would be in the 22% bracket so that is what I was basing my example on. Playing around with that a little more now that you pointed out the 2023 example, I see its not a big reduction...

What are you drawing the after tax and savings from?

yes I have had an individual/brokerage acct with fidelity for some time. I shuffle my bank account cash into a floating rate fund that is flat, but pays dividends to earn something (vs 0.05% from credit union) and recently the MM has been paying 4%. You're suggesting putting idle cash in this...

I am here to learn. First, this has been my father's strategy and he retired at 48 and is 80 now and I have seen his quality of life and watched him be successful. It makes sense to me to invest aggressively when you are younger and can ignore the big down market swings in a 401k. However, as...

I am not in 32%, but rather 24%. Does that change your view? How are you guys getting in the 12% bracket without Roth infusion? MFJ, which I venture to guess a large percentage of folks are here, limits at $83,550 for 2022.

I am 49 and have a Fidelity 401k and it provides alot of options and flexibility. If I retired at 55, I have heard the strategy of rolling over the 401k to an IRA where you have many more investments options and leaving enough in the 401k to "bridge" you for those 4.5 years with the rule of 55...

duplicate post by mistake.

I have looked around online and on this forum and have not found any "calculators" that allow you to put in criteria and have it give you your answer for roth conversions. In principle, all other things being equal I love the idea of tax free growth and passing on tax free inheritance. This is...

Hi - thanks for that. I think I am aware what your talking about via a friend from work that retired and utilizes this. You receive credits from the gov as long as your taxable income is below a certain amount (not to dare go a penny over). I do intend to look into this as time gets closer...

Hello everyone. I've been checking the site out here and there for a while, read the FAQ, run the FIRE calculator. I am 49 and paid my house off 3 months ago and am 100% debt free. Little background.....my father was a blue collar, hard working guy that got into the stock market in the 80s (I...