Search found 17 matches

by bearwithbear
Sat Nov 10, 2018 8:49 am
Forum: Investing - Help with Personal Investments
Topic: Strategy during the last stock market decline
Replies: 58
Views: 6270

Re: Strategy during the last stock market decline

dh,

for me the thread that really brought it all home was Sheepdog's
viewtopic.php?t=25126l

Thank you Sheepdog.

Bear
by bearwithbear
Tue Nov 06, 2018 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Recommended reading for tax minimizing withdrawal strategies in retirement?
Replies: 6
Views: 660

Re: Recommended reading for tax minimizing withdrawal strategies in retirement?

BSA44,

Number 3 on the list doesn't work anymore. Your MIL was born after 1953.

Bear
by bearwithbear
Mon Oct 08, 2018 6:10 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio review - nearing retirement
Replies: 7
Views: 1048

Re: Portfolio review - nearing retirement

OP,

Not sure what " I'll take only RMDs from the Roth accounts so those can grow tax-free as long as possible. " means but there is no requirement for RMDs with your own Roth IRA. Were you referring to the inherited Roth?

Bear
by bearwithbear
Tue Aug 14, 2018 7:24 am
Forum: Investing - Help with Personal Investments
Topic: Risk Averse Widow - Investing Life Insurance Proceeds
Replies: 8
Views: 681

Re: Risk Averse Widow - Investing Life Insurance Proceeds

OP,

Your MIL may be old enough to qualify for a widow's benefit from Social Security.
She could take this and let her benefit continue to grow until claiming at 70.
The widow's benefit is at least 71.5% of her husband's PIA.

Bear
by bearwithbear
Sun Aug 12, 2018 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: Newly retired - need to make a big change
Replies: 51
Views: 10205

Re: Newly retired - need to make a big change

OP, Since you were at least 62 on Jan 01, 2016 you can file a restricted application for spousal benefits. That means, as long as your spouse has claimed her social security benefit and you have turned 66 you can get half of her PIA and your benefit will continue to grow. If you were younger than 62...
by bearwithbear
Sat Aug 11, 2018 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: Newly retired - need to make a big change
Replies: 51
Views: 10205

Re: Newly retired - need to make a big change

OP,

Sorry if I wasn't clear. Carl53 explained it very well. And Mike Piper's calculator is a good one.

Bear
by bearwithbear
Sat Aug 11, 2018 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Saving Enough for Retirement vs Vacation Home
Replies: 36
Views: 3850

Re: Saving Enough for Retirement vs Vacation Home

OP, Wow, everyone is focused on when you can retire. I’m hearing that you are thinking about the summers and your kids. Can you rent a vacation place for your family? How expensive if you did it for a month? Also, the current tax savings for adding more to your retirement accounts is worth more than...
by bearwithbear
Sat Aug 11, 2018 7:32 am
Forum: Investing - Help with Personal Investments
Topic: Newly retired - need to make a big change
Replies: 51
Views: 10205

Re: Newly retired - need to make a big change

OP, Welcome to the forum. I believe that your age (65) means that you are still able to claim spousal at 66 and letting your own continue to grow till 70. Have you checked any of the calculators for this? It would mean that your spouse would claim before you turn 66 then you would get half her PIA. ...
by bearwithbear
Wed Jul 18, 2018 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford private high school?
Replies: 20
Views: 1744

Re: Can I afford private high school?

Just not enough information. How old are you and your husband? How long have you been making these salaries? How safe are your jobs? Any pensions? What is the value of your house? How much do you need to live on? I don’t have a bias against spending the money but can’t answer your question without m...
by bearwithbear
Thu Jul 12, 2018 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life - We're doing it. What to look for?
Replies: 128
Views: 8547

Re: Whole Life - We're doing it. What to look for?

this just shows how much Whole Life is a hot button.
SwampDonkey - do what helps you sleep at night.
by bearwithbear
Thu Jul 12, 2018 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Whole Life - We're doing it. What to look for?
Replies: 128
Views: 8547

Re: Whole Life - We're doing it. What to look for?

In reading this thread it feels like the Whole Life policy is part of the "what helps me sleep at night" answer that is different each of us. If that is correct, then do it. Death in the immediate family is hard. Always. And a tough health diagnosis for a loved one is too. Always. Do what helps. Bear
by bearwithbear
Wed Jul 04, 2018 7:17 pm
Forum: Investing - Help with Personal Investments
Topic: Skillful at saving but not investing
Replies: 37
Views: 3988

Re: Skillful at saving but not investing

bltn what you suggest doesn't work anymore. At 63, the OP can not take spousal without also taking her own social security and that means it doesn't get to increase till 70. However her husband can do this, so a possibility is OP takes her social security now and her husband takes spousal. That woul...
by bearwithbear
Mon Jul 02, 2018 5:34 am
Forum: Personal Finance (Not Investing)
Topic: Does It Make Sense to Wait to Claim SocSec?
Replies: 62
Views: 7231

Re: Does It Make Sense to Wait to Claim SocSec?

MJS – Widow’s benefit is only reduced if you apply for it before FRA.
It doesn’t matter if you filed for your benefit early.
A common error that worried me for some time

Bear
by bearwithbear
Sun Jul 01, 2018 7:09 am
Forum: Personal Finance (Not Investing)
Topic: Does It Make Sense to Wait to Claim SocSec?
Replies: 62
Views: 7231

Re: Does It Make Sense to Wait to Claim SocSec?

Bacchus01 – The plan that you have to take spousal and let yours grow isn’t available if you were born after Jan 1, 1954. And if you are 45 then you were born in the 1970s.

Bear
by bearwithbear
Sat Jun 30, 2018 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Does It Make Sense to Wait to Claim SocSec?
Replies: 62
Views: 7231

Re: Does It Make Sense to Wait to Claim SocSec?

I believe that a prior poster – You Know What I Mean – has it right. When you took your SS benefits doesn’t affect the SURVIVOR BENEFIT you get on the death of your spouse. As long you are at or past FRA when you apply for the SUVIVOR BENEFIT, then you get 100%. Even if you started taking your own S...
by bearwithbear
Fri Jun 29, 2018 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Investment Property With Father
Replies: 12
Views: 1201

Re: Investment Property With Father

Cosmonaut, I would do it. Your school debts will be gone in less than a year. There is 50K your 401K which hopefully suggests that you are making contributions while getting out from under the school debt. And it reads to me, that this is something that both you and your father would like to do. Giv...
by bearwithbear
Thu Jun 28, 2018 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Another Social Security Strategy Question
Replies: 11
Views: 1279

Re: Another Social Security Strategy Question

Pennywise,

Be careful about the 2016 changes, specifically "Deemed Filing Rules"

Bear