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Fidelity's Fidelity planner is giving me a 114 score until age 94 for essential expenses plus 55%. So ideally I want double my essential expenses?

Do you mind linking to the table of Safe Withdrawal Rates?

So your portfolio hits a FI number that you could be comfortable with. Your portfolio is 50/50 equities to fixed. I'm trying to wrap my head around the psychological significance of it. Would I be able to sleep at night if half of my equities where gone tomorrow because of big correction? Is...

I've found a few low paying gig software jobs. Most of the people I work with are not in the US. Not easy at all to find a job in your 50s. Especially if it involves a job that can be done from anywhere.

Is it a good idea to take taxable money I plan to use for early retirement and make a Roth contribution this year? There is a very good chance I would take the Roth contribution back out before 59. I need income for ACA and moving to Roth would reduce interest income a little bit.

Yes, it goes away once you are considered retired. :)

In Missouri it looks like if you are under these income levels you are offered CHIP. Household Size/ Maximum Income Level (Per Year) 1 $43,740 2 $59,160 3 $74,580 4 $90,000

1 child on the policy. Healthcare.gov also removes the child off of ACA coverage until I enter $75,900. And what happens if you get an ACA plan with your child, but at the end of year you earn less? How would a penalty be calculated for adding the child?

Trying this out on healthsherpa.com. Looks like I need $75,900 in income to allow a child on ACA quotes? Sound right?

150 score maintains current frugal lifestyle that got me to where I am. Still trying to reckon with what is actually enough to enjoy retirement.

When I edit my expenses to equal the "You may have: $XXX/month" number, my score drops down to 100. This gives me a lot more discretionary spending each month. Probably more than I can imagine spending unless it was an emergency.

When I open the planner it defaults to "significantly below average" for returns. Yes, I entered essential expenses and enough to be comfortable expenses. What score are most people aiming for when they use the tool?

If you have a child under 18 and you are utilizing ACA, is Children’s Health Insurance Program (CHIP) the only way to get insurance for your children? Do CHIP plans work like ACA or are there qualifications based on assets?

On the Portfolio page on my Fidelity account it shows a "You may have: $XXX/month". Any idea if this monthly amount is calculated off of average market returns? Separate question: If your Fidelity planner retirement score is at 150, is that considered a pretty conservative spending plan to...

Do you have any tips on managing the 72t? Detailed steps for your spouse if you become incapacitated? Any way to prevent accidental deposits/transfers into that 72t IRA account?

I store the chairs covered under the deck. The table is too big to move so we keep it covered. We put an upside down flower pot on the table and then put the cover over that so that it better sheds water and snow. I put a coat of car polish on the top exposed painted aluminum before covering it...

I used Fidelity's expense calculator and it says this: We assume a general average annual inflation rate of 2.5%, with the exception of health care costs. The inflation rate for those is based on a schedule of rates that starts at 4.9% and gradually declines until it matches the general...

You need a lower starting balance at 62. I ran both of them with the same starting portfolio instead of adjusting age 62 with a smaller balance.

If I extend it out another 5 years to 40... Looks like if you take SS at 62 you have a 99.1% success rate @67 it's 97.1% success rate. And no one has mentioned selling the house? That's another source of potential income to tap into. I know you need a place to live, but you could sell and...

Thanks. This was an exercise to find the minimum amount needed to cover $62,000 in expenses and I appreciate all the help because it's less than what I originally thought it was.

Wow! Is this a gold plan? It's still hard to believe the government does not penalize you for having a pile of cash.

Assuming the spouse still gets 50% if taken at 62: Reduced SS $26,316/yr =2033 Reduced SS $13,158/yr =2034 No COLA pension $4440/yr = 2033 $1,151,900 for 35 years = 100% success $73,100 less than if taken at 67. Not sure it's worth it if the spouse were to die early, the survivor will take...

Is it a better strategy for him to use up the cash first and then set up the 72t for the 5 years until 59.5? Or start the 72t now?

Are the health benefits you have now cheaper or better than what you can get with ACA?

At least you can now withdraw more with a 72T if you feel comfortable that your investments can replenish it. However, IRS Notice 2022-6 sets a new ‘floor’ interest rate of 5% for calculating 72(t) payments, representing a substantial increase over the previous maximum of 120% of the...