Search found 3 matches

by jtdretiree
Tue May 14, 2019 12:08 pm
Forum: Personal Investments
Topic: Priorities (tax related) before RMDs start?
Replies: 4
Views: 671

Priorities (tax related) before RMDs start?

Hello all, I have been working with my daughter on clearing up my finances and she sent me here before, now I am back with another question! I have enjoyed learning a lot about finances over the past several months...having basically no knowledge prior! Here is some background: I'm currently 68 and will begin taking RMD from my tIRA in 2021 (June) when I am 70 1/2 years old. Before then I would like help prioritizing (1) continuing to diversify my portfolio and (2) converting tIRA to Roth IRA. For the last couple of years my daughter has been helping me sell some stock that is all with a single company and buy into a Vanguard 500 index fund instead (less risky). She has been calculating how much I can buy and still minimize taxes since I'm ...
by jtdretiree
Thu Dec 07, 2017 12:21 pm
Forum: Personal Investments
Topic: First post from this retiree with questions - my daughter sent me here!
Replies: 34
Views: 4962

Re: First post from this retiree with questions - my daughter sent me here!

Thank you all very much for so many helpful responses! I was thinking the same about the RMD starting when I turn 70 1/2 from my IRA, and found that it should be around $12k annually based on one of those calculators. So glad to hear that essentially starting this early from my taxable account will make OK sense based on my amount of savings!! I would love to be able to leave my kids a chunk of change when I do go eventually...but they will tell me to spend it all on myself. So if I can land somewhere in between leaving them a big chunk and nothing, that will make me :happy I have not added up exactly how much my bills and expenses are each month, but I do know that after I pay all of those and pay for groceries and other essentials, I'm le...
by jtdretiree
Tue Dec 05, 2017 8:25 am
Forum: Personal Investments
Topic: First post from this retiree with questions - my daughter sent me here!
Replies: 34
Views: 4962

First post from this retiree with questions - my daughter sent me here!

Hello! This is my first post, I have some questions about my retirement accounts. My daughter is a member of the site and recommended that I join to ask the knowledgeable members of the forum for advice and help with my retirement accounts. :happy Here is an overview of my current situation: Age: turning 67 in January and in good health Debt: None Income Retired Social Security Disability Benefit: $23k annual Small Pension Benefit: $3k annual Assets: Vanguard Traditional IRA SP500 Index Fund Admiral: $77k (16.5%) Total Bond Index Fund Admiral: $250k (53.2%) Dividends are set to reinvest in this account. Vanguard Taxable Total Stock Index Admiral: $142k (30.3%) I collect quarterly dividends from this account. Cash $30k Home $130k approximate...