, purchase sufficient fixed income either through TIPS, SPIAs, etc to meet all your expenses with a big buffer, like 25%. Then, either invest the rest however you want, or set up appropriate trust(s) to pass it along to your heirs. At least that's what I would do if I were ever in that situation...+1
Or even worse yet, stolen and all account information in the hands of a hacker, who could initiate an ACAT transfer with additional info found on the dark web...beyou wrote: ↑Sun Feb 19, 2023 8:52 am Can’t a tax preparer download all 1099 data from your broker in the same way we can do so when using diy tax filing software ? If so what is the need for paper ? I leave paper delivery option for tax forms, but usually download the data before the paper arrives in the mail.
You are relying on USPS if you rely on paper, and USPS has not been reliable for years now, slow at best, lost at worst.
There is a 17% chance that one of a 60 year old male/female couple will live to 100! That seems amazingly high to me. My retirement planning window has always been for one of us to live to 100, but now I wonder if it shouldn't be 105. (It's a bit lower for us b/c we are a bit older, but not much). I am more comfortable with 5% than 17%.GAAP wrote: ↑Tue Jan 31, 2023 7:12 pm <SNIP>
ETA: Years distribution from the illustrator:Code: Select all
Years a b Either Both 0 100% 100% 100% 100% 5 97% 97% 99% 93% 10 92% 93% 99% 86% 15 86% 88% 98% 76% 20 77% 79% 95% 61% 25 63% 65% 87% 41% 30 44% 45% 69% 20% 35 23% 24% 41% 6% 40 9% 9% 17% 1% 45 2% 2% 5% 1% 50 1% 1% 1% 1%
Same email. Called. Waited 30 minutes on hold. They confirmed I am enrolled, and there is a glitch in their system. Representative said those effected will be contacted with a correction after the problem is resolved. Presuming I get my $100 in 90 days, I think I am done with Marcus. It's not worth the time/effort to me anymore.
Blueprint income shows A-rated companies offering 5.4% for 5 years. Is 0.35% more worth the risk of investing in a B++ rated company over an A-rated company for 5 years? Only you can answer that question. As Dirty Harry said, "Do you feel lucky"?
I don't know about "can't/won't" but the two times I was involved the applicant had to fill in the form of other assets and had to sign the application affirming that the information provided was accurate.
Seecmc89585 wrote: ↑Tue Jan 24, 2023 1:43 pmThanks! This is what I was hoping to hear. I wish the SSA would put this info in writing. I feel nervous with there not being any written info about this on their site but it helps to hear info like this!OnTrack2020 wrote: ↑Tue Jan 24, 2023 1:41 pm You can retire whenever you want. My husband left the workforce at age 60. But, he would not be able to claim SS benefits until he turned 62. He will be 64 soon, and we are just now thinking about taking SS.
You may also want to get an IRS PIN to prevent fraudulent tax filing. See:
Try SSA.tools atbusdriver wrote: ↑Sun Jan 22, 2023 5:33 pm I feel fairly confident both the calculators I used at SS.gov were correct with the online version giving a pre-cola amount. I also am waiting until 70; however, due to collecting restricted benefits, I’m unable to use the normal benefits estimate process. So retrieving past earnings from SS site and using their calculators are the only way I know how to come up with an updated estimate.
I was hoping to verify with Open Social Security, but I think since I retired in 2018, reached FRA in 2019 and will turn 70 later this year, I can’t come up with a matching amount.