Search found 6 matches

by Jimi
Sun Apr 15, 2018 3:40 pm
Forum: Investing - Help with Personal Investments
Topic: Widowhood, Budgets and tIRA to ROTH IRA Conversion ?
Replies: 15
Views: 1892

Re: Widowhood, Budgets and tIRA to ROTH IRA Conversion ?

Thanks for the link and the charts FiveK. When I see hubby again, I will have to tell him he should have left me more life insurance so I could have dealt with bigger chunks of Roth Conversions... :wink: With the recent conversion, my Roth account bumped up to $210K. So much to think about ~ it's al...
by Jimi
Sun Apr 15, 2018 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: Widowhood, Budgets and tIRA to ROTH IRA Conversion ?
Replies: 15
Views: 1892

Re: Widowhood, Budgets and tIRA to ROTH IRA Conversion ?

Hi Everyone, Just wanted to thank the folks that took the time to send along suggestions to me. Here's what I ended up doing: While I liked 123's suggestion that "Perhaps instead of working and doing a Traditional IRA to Roth IRA conversion you should simply stop working and begin taking distributio...
by Jimi
Wed Mar 21, 2018 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: "Letter of Final Instructions"
Replies: 52
Views: 13797

Re: "Letter of Final Instructions"

For years, my husband and I kept a file similar to Taylor's. We would review/update it every January. We kept it in the safe ~ but just so that it would be protected from fire. We had a letter of instruction with the safe's combination taped on the refrigerator in the event we didn't make it back fr...
by Jimi
Tue Mar 13, 2018 7:23 pm
Forum: Investing - Help with Personal Investments
Topic: Widowhood, Budgets and tIRA to ROTH IRA Conversion ?
Replies: 15
Views: 1892

Re: Widowhood, Budgets and tIRA to ROTH IRA Conversion ?

So here are my current holdings ~ Emergency fund: $30K Monthly expenses $3725.00; this exceeds my current take home pay by $1125/month. My current plan is to use some of the Life Insurance money (once I get it) to cover this deficit. The down side of this is that I can no longer contribute to my wor...
by Jimi
Tue Mar 13, 2018 6:21 am
Forum: Investing - Help with Personal Investments
Topic: Widowhood, Budgets and tIRA to ROTH IRA Conversion ?
Replies: 15
Views: 1892

Re: Widowhood, Budgets and tIRA to ROTH IRA Conversion ?

Thanks everyone ~ I appreciate all your thoughtful replies. I am currently working on getting all my financial information in the format that Lafder pointed me to so that I can post it here. Hubby actually left me a couple spreadsheets with most of the fund information already summarized, I just nee...
by Jimi
Sun Mar 11, 2018 8:33 pm
Forum: Investing - Help with Personal Investments
Topic: Widowhood, Budgets and tIRA to ROTH IRA Conversion ?
Replies: 15
Views: 1892

Widowhood, Budgets and tIRA to ROTH IRA Conversion ?

Every January, Hubby and I would sit down and review/plan our savings strategy for the coming year. Our plan for 2017 was no different from previous years; continue to max out 401K participation ($24K for me; $18K for Hubby), contribute to Roth as best we could (usually this meant we would fund my R...