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Re: Insurance Settlement and Roth

So thanks to the advice here we are going to open the Roths but now a follow on question. Is this a good year to also convert some IRA's to these Roths and pay the taxes using some of the settlement money? I have about $95k and she has about $25k in different accounts from previous employers. Using ...
by Gwes
Tue Sep 02, 2014 12:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Insurance Settlement and Roth
Replies: 6
Views: 699

Re: Insurance Settlement and Roth

It's for physical injury and is not taxable. It's a blessing that we had good underinsured coverage and a great adjuster but my advice is to NOT get into a wreck! It's been two years dealing with this and I'm not the one who has the bad wrist. I think she will go back to work in 2015 but we will be ...
by Gwes
Wed Jul 16, 2014 10:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Insurance Settlement and Roth
Replies: 6
Views: 699

Insurance Settlement and Roth

Married filing jointly I'm over 50 and she's under 50 2013 joint AGI was $174k. She has not worked in 2014 and my AGI will be $135k My 401k contribution is at max plus catch up. she is not contributing this year. We have a HDHP with HSA and it's at max contribution. Currently we have no Roth IRAs My...
by Gwes
Wed Jul 16, 2014 8:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Insurance Settlement and Roth
Replies: 6
Views: 699

Re: Advice on getting Advice

Thank you so much for the responses. Yesterday was a very rainy day and gave me a lot of time to read and research based upon your comments. From that I believe I will continue on my own but make a few changes: I'm going to move the Schwab account to Vanguard. This narrows my investment opportunitie...
by Gwes
Mon May 06, 2013 2:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice on getting Advice
Replies: 17
Views: 1294

Re: Advice on getting Advice

I'm sorry, I my question was rambling and I think I can make it more succinct: What are the best options for obtaining advice concerning retirement planning?: Services offered by Vanguard (online, AUM, or their tailored plan service) Services offered by broker (Schwab) Local CFP/broker Just do it my...
by Gwes
Fri May 03, 2013 7:30 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice on getting Advice
Replies: 17
Views: 1294

Advice on getting Advice

HI all. I've been reading up on getting advice on my retirement strategy, and everytime I search a topic it leads me to this site! Thank you for all that you do here. I just turned 50 last month and after getting over the shock of it I started hearing Neidermeyer ask me what I was going to do with t...
by Gwes
Thu May 02, 2013 12:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice on getting Advice
Replies: 17
Views: 1294

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