I was ultra cautious about spending the first year or so until I got a real world feel about everything.
It's a big change
Especially with thr money we are making now.
Corner Irish Bar
I try to do that as well. Even their pessimistic projection, I'd have just as high of percentage as the historical averages.
The survivorship options are expensive
I was ultra cautious about spending the first year or so until I got a real world feel about everything.
It's a big change
Especially with thr money we are making now.
That is probably going to be the biggest difficulty for me, going from the saving mindset of working, to the draw down mindset afterward. May take me a while, after the initial trips that would be planned.
It's a big change
Especially with thr money we are making now.
Your costs will go down too. For me less miles driven and no longer having to pay the 2% city income tax among other things. As well as being in a lower tax bracket.
Though with investments and other retirement income that is looking to be a bigger tax hit for me for the near future.
Your costs will go down too. For me less miles driven and no longer having to pay the 2% city income tax among other things. As well as being in a lower tax bracket.
Though with investments and other retirement income that is looking to be a bigger tax hit for me for the near future.
That's why I won't let my pre-tax build up too much, even if I don't need it all.
The survivorship options are expensive
Mine aren't too bad, less than $500 for 80%(I think), since I am only 17 days older than my wife.
That's why I won't let my pre-tax build up too much, even if I don't need it all.
I haven't touched my savings yet but have been taking distributions from my IRA but just moving it into my other investment account.
That's why I won't let my pre-tax build up too much, even if I don't need it all.
I should have switched to the Roth 401k, a lot earlier than I did. But I didn't, so now have to deal with the taxes afterward. Have way too much in the traditional,
I haven't touched my savings yet but have been taking distributions from my IRA but just moving it into my other investment account.
Exactly you don't want your RMDs to be too large
I should have switched to the Roth 401k, a lot earlier than I did. But I didn't, so now have to deal with the taxes afterward. Have way too much in the traditional,
My ROTH is in an IRA.
Now I realize how much that money is worth
I should have switched to the Roth 401k, a lot earlier than I did. But I didn't, so now have to deal with the taxes afterward. Have way too much in the traditional,
Roth didn't exist when I started my retirement accounts and when they did come out it looked like a toss up whether converting them would be worth it.
I haven't touched my savings yet but have been taking distributions from my IRA but just moving it into my other investment account.
I would want to rollover in Roth, and not pay the taxes on any future earnings.
I would want to rollover in Roth, and not pay the taxes on any future earnings.
Nows the time to do it with the Teump extended lower tax rates.
My ROTH is in an IRA.
Now I realize how much that money is worth
I have both, Roth 401k, and Roth IRA.
I would want to rollover in Roth, and not pay the taxes on any future earnings.
In hindsight I should have done that but am now taking distributions I don't need yet to spread out the tax hit
Nows the time to do it with the Teump extended lower tax rates.
We can't rollover while still working, can we?
We can't rollover while still working, can we?
59 and a half
Thsts whats holding me back
I would have loved to take advantage of the higher fixed rates we had a year or so ago
We can't rollover while still working, can we?
I don't think you can do that for the UPS plan but one of the first things you should do after you retire is rollover that 401k into an IRA (either Roth or traditional).
59 and a half
Thsts whats holding me back
I would have loved to take advantage of the higher fixed rates we had a year or so ago
Did not know that, Have something new to consider.
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