Search found 125 matches

by OkanePlease
Sun Apr 05, 2020 9:44 am
Forum: Personal Investments
Topic: Possible to "split" IRA contribution (spousal)?
Replies: 14
Views: 558

Re: Possible to "split" IRA contribution (spousal)?

...need to minimize MAGI this year... to avoid going over the 400% FPL cliff for ACA health insurance Among the many features of CARES Act, this year you can donate $300 to charity, as an above the line deduction on your 1040, reducing your AGI/MAGI, as a non-itemizer. Opportunities for giving abou...
by OkanePlease
Sun Apr 05, 2020 12:46 am
Forum: Personal Investments
Topic: Possible to "split" IRA contribution (spousal)?
Replies: 14
Views: 558

Re: Possible to "split" IRA contribution (spousal)?

With unemployment benefits, I'll likely need almost every dollar of the tIRA contributions to avoid going over the 400% FPL cliff for ACA health insurance. Do you have a Taxable account with unrealized capital losses? If so, you can reduce MAGI by selling holdings with losses in order to offset any...
by OkanePlease
Sun Apr 05, 2020 12:27 am
Forum: Personal Investments
Topic: Possible to "split" IRA contribution (spousal)?
Replies: 14
Views: 558

Re: Possible to "split" IRA contribution (spousal)?

Sounds like your taxable income is going to be down considerably this year. You might consider making Roth contributions instead depending on how much you will save with 14,000 of TIRA deductions. Spousal contributions work the same way with Roth contributions, and they can be withdrawn tax and pen...
by OkanePlease
Sat Apr 04, 2020 9:20 pm
Forum: Personal Investments
Topic: Possible to "split" IRA contribution (spousal)?
Replies: 14
Views: 558

Possible to "split" IRA contribution (spousal)?

Scenario: Married couple, both over 50, with neither of us having traditional IRA accounts. But need to minimize MAGI this year with ongoing unemployment likely. I made just $12,000 before unemployment hit. My wife made just over $4,000. As our age would potentially allow contributions of up to $7,0...
by OkanePlease
Sat Apr 04, 2020 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: First-timer facing ACA cliff for 2020: any penalties (or opinions)?
Replies: 11
Views: 798

Re: First-timer facing ACA cliff for 2020: any penalties (or opinions)?

There no penalty for underestimating your income (short of fraudulent intent I suppose) . If that’s the case you will just have to repay some/all of any advanced tax credits. There is a provision that caps the maximum amount of any repayment so it is (financially) better to underestimate and reconc...
by OkanePlease
Sat Apr 04, 2020 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: First-timer facing ACA cliff for 2020: any penalties (or opinions)?
Replies: 11
Views: 798

Re: First-timer facing ACA cliff for 2020: any penalties (or opinions)?

While so much is subject to change, my projections show that we'll potentially be right at the edge of the ACA cliff at the end of the year, even after potential HSA and IRA contributions. (Any extension beyond July of the $600 extra weekly unemployment income would "doom" us, but no complaint, as ...
by OkanePlease
Sat Apr 04, 2020 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: First-timer facing ACA cliff for 2020: any penalties (or opinions)?
Replies: 11
Views: 798

First-timer facing ACA cliff for 2020: any penalties (or opinions)?

Hopefully a quickie: Two of us are newly unemployed (yippie!) after working the first quarter of this year. We're eligible for a special enrollment period for ACA. While so much is subject to change, my projections show that we'll potentially be right at the edge of the ACA cliff at the end of the y...
by OkanePlease
Mon Mar 23, 2020 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: ACA MAGI calculation for mid-year start: a few questions (int/divs/cap gains)
Replies: 7
Views: 308

Re: ACA MAGI calculation for mid-year start: a few questions (int/divs/cap gains)

Thanks again for your sage advice, nalor511. I will definitely get out of the monthly mindset. Though I will take one last look at Medicaid, as I can harvest losses incrementally on some mutual funds to be eligible month-to-month until need to convert to ACA if that's possible. Remember that only a...
by OkanePlease
Mon Mar 23, 2020 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: ACA MAGI calculation for mid-year start: a few questions (int/divs/cap gains)
Replies: 7
Views: 308

Re: ACA MAGI calculation for mid-year start: a few questions (int/divs/cap gains)

... For ACA, two brokers told me to estimate monthly income going forward. That currently forecasts a high ACA subsidy for us. But based on what you wrote (and your experience), if we were lucky to have high income the first quarter of the year (not truly the case for us), it sounds like we could l...
by OkanePlease
Mon Mar 23, 2020 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: ACA MAGI calculation for mid-year start: a few questions (int/divs/cap gains)
Replies: 7
Views: 308

Re: ACA MAGI calculation for mid-year start: a few questions (int/divs/cap gains)

... Even though there is a bunch of month-by-month reporting, the net ACA subsidy is pretty much based on annual income. It will keep things more sane if you just take the annual numbers and divide them by 12 for the ACA application. ... My findings were that when I went onto ACA mid-year, my incom...
by OkanePlease
Mon Mar 23, 2020 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: ACA MAGI calculation for mid-year start: a few questions (int/divs/cap gains)
Replies: 7
Views: 308

ACA MAGI calculation for mid-year start: a few questions (int/divs/cap gains)

Like many others, my wife and I are both getting laid off at the end of this month. With need for health insurance perhaps higher than ever, I'm looking at options. Bad news: COBRA is expensive. Good news: At current unemployment benefit projections, we should qualify for a good subsidy amount in Wa...
by OkanePlease
Fri Feb 14, 2020 5:38 pm
Forum: Personal Investments
Topic: Please educate me re: ongoing confusion between VBTLX vs. VWIUX (tax-exempt) in a taxable account
Replies: 5
Views: 888

Re: Please educate me re: ongoing confusion between VBTLX vs. VWIUX (tax-exempt) in a taxable account

You are doing a very short-term snapshot; munis gained more than taxable bonds in the last few months. The best forward-looking measure of bond returns is the SEC yield, which is currently 2.12% for Total Bond Market and 1.31% for Intermediate-Term Tax-Exempt. At those yields, the break-even would ...
by OkanePlease
Thu Feb 13, 2020 6:44 pm
Forum: Personal Investments
Topic: Please educate me re: ongoing confusion between VBTLX vs. VWIUX (tax-exempt) in a taxable account
Replies: 5
Views: 888

Re: Please educate me re: ongoing confusion between VBTLX vs. VWIUX (tax-exempt) in a taxable account

Okay, here's the recent data that adds to my confusion: VWIUX (Intermediate-term Tax-exempt) net asset value: 10/31: 14.46 11/29: 14.45 12/31: 14.47 1/31: 14.67 VBTLX (Total Bond) net asset value: 10/31: 11.12 11/29: 11.09 12/31: 11.05 1/31: 11.26 They look comparable to me. (Mathematically, VWIUX i...
by OkanePlease
Thu Feb 13, 2020 11:15 am
Forum: Personal Investments
Topic: Please educate me re: ongoing confusion between VBTLX vs. VWIUX (tax-exempt) in a taxable account
Replies: 5
Views: 888

Re: Please educate me re: ongoing confusion between VBTLX vs. VWIUX (tax-exempt) in a taxable account

Thanks for the link and information, Sycamore. Like you wrote, I hope that others can contribute other explanations. Later, with more time, I will try to post some of the recent statistical information I have on the two funds to further illustrate my confusion. Here's a good explanation of distribut...
by OkanePlease
Wed Feb 12, 2020 8:45 pm
Forum: Personal Investments
Topic: Please educate me re: ongoing confusion between VBTLX vs. VWIUX (tax-exempt) in a taxable account
Replies: 5
Views: 888

Please educate me re: ongoing confusion between VBTLX vs. VWIUX (tax-exempt) in a taxable account

I've read a bit about this, but I guess I can use explanation in "Dummies"-like format. Why is VBTLX (Total Bond Market) better in a taxable account at my marginal tax rate (10%) than VWIUX (Intermediate-term Tax-Exempt)? I own some of both. (My tax-advantaged buckets are full, so bonds overflow int...
by OkanePlease
Tue Jan 14, 2020 8:26 pm
Forum: Personal Investments
Topic: Puzzled by my portfolio: Can you help me prioritize and maximize?
Replies: 11
Views: 1120

Re: Portfolio puzzle: Can you help me prioritize and maximize?

Jablean, I totally agree with your sentiment below. Thanks for contributing to my growing knowledge!
Jablean wrote:
Mon Jan 13, 2020 1:37 am
I learn by posting and seeing what other people say in response. Every day I learn more about what I don't know and I make further steps to taming my own portfolio.
by OkanePlease
Tue Jan 14, 2020 1:37 pm
Forum: Personal Investments
Topic: Puzzled by my portfolio: Can you help me prioritize and maximize?
Replies: 11
Views: 1120

Re: Puzzled by my portfolio: Can you help me prioritize and maximize?

Watty, thanks so much for that website. That site and its links to related websites are really helpful. Yes, I should be a little more conservative in planning for future annual expenses. Also, before too long, will probably sell the house (property taxes keep climbing, and maintenance costs will on...
by OkanePlease
Mon Jan 13, 2020 4:40 pm
Forum: Personal Investments
Topic: Puzzled by my portfolio: Can you help me prioritize and maximize?
Replies: 11
Views: 1120

Re: Puzzled by my portfolio: Can you help me prioritize and maximize?

His future anticipated social security benefit (delaying until age 70): $2,503/month. Her future anticipated social security benefit (delaying until age 67): $1,009/month. (NOTE: This is half of his age 67 amount, as it exceeds the likely benefit based on her short earnings record.) She probably sh...
by OkanePlease
Sun Jan 12, 2020 11:23 pm
Forum: Personal Investments
Topic: Puzzled by my portfolio: Can you help me prioritize and maximize?
Replies: 11
Views: 1120

Re: Portfolio puzzle: Can you help me prioritize and maximize?

Hmm...now a little more confused. Jablean and Lakpr, I appreciate your advice. What confuses me is that it runs counter to other advice I've read at this site and elsewhere, which states that I should put bonds/bond funds in tax-advantaged buckets first (hence our Roth IRA holdings) and as a last re...
by OkanePlease
Sun Jan 12, 2020 12:04 pm
Forum: Personal Investments
Topic: Puzzled by my portfolio: Can you help me prioritize and maximize?
Replies: 11
Views: 1120

Puzzled by my portfolio: Can you help me prioritize and maximize?

I’m trying to prioritize what to do with our (my wife's and my) portfolio and what to do with our lives. Hopefully you can help with the first, which might help me help myself with the second! Emergency funds: 6 months in 1.15% savings account (separate from what’s described just below) Debt: None T...
by OkanePlease
Thu Dec 26, 2019 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Employer counting 401K match as gross earnings / taxable income?
Replies: 4
Views: 588

Re: Employer counting 401K match as gross earnings / taxable income?

Yeah, I'd noticed the same article in my quick research preliminary to posting. But not quite sure how to address it now. Do I make an adjustment on my tax return when I fill it out for 2019, or do I need to contact the appropriate person in my wife's company to generate an accurate W-2 (and perhaps...
by OkanePlease
Thu Dec 26, 2019 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Employer counting 401K match as gross earnings / taxable income?
Replies: 4
Views: 588

Employer counting 401K match as gross earnings / taxable income?

I'm reviewing my wife's final paycheck of the year. Appropriately, her 401K contributions are not counted as gross earnings/taxable income, BUT her 401K employer match (50%) ARE counted as gross earnings/taxable income. Surprised by this, I checked her final paycheck and W-2 tax form from 2018, and ...
by OkanePlease
Tue Oct 15, 2019 4:50 pm
Forum: Personal Investments
Topic: Cash or bonds (exempt or t-e?) or what given this specific scenario?
Replies: 8
Views: 710

Re: Cash or bonds (exempt or t-e?) or what given this specific scenario?

The distribution yield can be impacted by if the bonds held in a bond fund has premium valuation or discounted valuation. It is generally not a good measure of yield. Bonds valued above par gives you more dividends, but you take a hair-cut at maturity. Yield to maturity (YTM) is the total return an...
by OkanePlease
Mon Oct 14, 2019 11:29 pm
Forum: Personal Investments
Topic: Cash or bonds (exempt or t-e?) or what given this specific scenario?
Replies: 8
Views: 710

Re: Cash or bonds (exempt or t-e?) or what given this specific scenario?

+1. Agree with Roth conversions up to the top of the 12% bracket. Perhaps run some projections (including “sole survivor” projections) to see if your marginal tax rate remains in the 12%/15% throughout your entire retirement to see if there is any need to do Roth conversions into the next bracket. ...
by OkanePlease
Mon Oct 14, 2019 4:49 pm
Forum: Personal Investments
Topic: Cash or bonds (exempt or t-e?) or what given this specific scenario?
Replies: 8
Views: 710

Re: Cash or bonds (exempt or t-e?) or what given this specific scenario?

You can calculate the tax adjusted yield of the two bond funds using your federal tax bracket of 12%, and state tax bracket of 0%. Vanguard Total Bond Market Index Admiral tax adjusted yield at 12% federal tax bracket: 2.24% * 0.88 * 1.0 = 1.97% Vanguard Total Bond Market Index Admiral tax adjusted...
by OkanePlease
Mon Oct 14, 2019 4:08 pm
Forum: Personal Investments
Topic: Cash or bonds (exempt or t-e?) or what given this specific scenario?
Replies: 8
Views: 710

Re: Cash or bonds (exempt or t-e?) or what given this specific scenario?

Using tax exempt bond fund when you are at 12% federal tax bracket is a mistake. Tyler Aspect (and others), this is exactly what I'm trying to understand. Why is it a mistake? The bond fund is providing over $1,000 in dividends monthly. Even though my tax bracket is relatively low, switching to som...
by OkanePlease
Mon Oct 14, 2019 11:38 am
Forum: Personal Investments
Topic: Cash or bonds (exempt or t-e?) or what given this specific scenario?
Replies: 8
Views: 710

Cash or bonds (exempt or t-e?) or what given this specific scenario?

I'm confused about where to put our “bond/cash” holdings. Here's the current scenario: Emergency funds: 6 months in 2.25% savings account (separate from what’s described below) Debt: None Tax Filing Status: Married filing jointly (no children) Tax Rate: 12% Federal, 0% State State of Residence: WA A...
by OkanePlease
Fri Apr 05, 2019 10:39 am
Forum: Personal Investments
Topic: to Roth, or not to Roth: that is the question
Replies: 15
Views: 1925

Re: to Roth, or not to Roth: that is the question

JBTX and Ketawa, I forgot to mention that I appreciate the insights from both of you about the Saver's Credit. I think you mean your federal marginal tax rate is 12%, not 15%. I would not contribute to Roth IRAs. I would contribute to Traditional IRAs. If you retired now, you would have $325,000 in ...
by OkanePlease
Tue Mar 26, 2019 7:59 pm
Forum: Personal Investments
Topic: to Roth, or not to Roth: that is the question
Replies: 15
Views: 1925

Re: to Roth, or not to Roth: that is the question

Thanks to everyone who has replied (so far!). I appreciate the forum for its wisdom, though as expected, I'm getting conflicting responses. I guess there are different ways to look at this situation. I'll read things more closely and be back with any follow-up questions.
by OkanePlease
Tue Mar 26, 2019 9:20 am
Forum: Personal Investments
Topic: to Roth, or not to Roth: that is the question
Replies: 15
Views: 1925

Re: to Roth, or not to Roth: that is the question

This is correct. I live in the Seattle area, so sales tax is indeed high, though I don't complain about it (too much!). From what I have read, WA state has a high sales tax (6.5%), and I believe that the Seattle sales tax is about 10.1% & the cities/towns probably have high local property tax rates ...
by OkanePlease
Mon Mar 25, 2019 2:42 pm
Forum: Personal Investments
Topic: to Roth, or not to Roth: that is the question
Replies: 15
Views: 1925

Re: to Roth, or not to Roth: that is the question

BogleMelon, By "Non-Roth IRA," I meant my SEP-IRA and my wife's 401K, mentioned in the Portfolio section of my post. And note that I wrote that we do very little contributions to those accounts. Sometimes no contributions, as we're generating very little income at the moment. You have mentioned that...
by OkanePlease
Mon Mar 25, 2019 1:02 pm
Forum: Personal Investments
Topic: to Roth, or not to Roth: that is the question
Replies: 15
Views: 1925

to Roth, or not to Roth: that is the question

I'm so confused whether to further contribute to our Roth IRAs. Here's the current scenario: Emergency funds: 6 months in 2.25% savings account (separate from what’s described below) Debt: None Tax Filing Status: Married filing jointly (no children) Tax Rate: 15% Federal, 0% State State of Residence...
by OkanePlease
Sat Jan 06, 2018 1:37 am
Forum: Personal Investments
Topic: Which bucket to fill next with bonds? (Quickie, I hope!)
Replies: 19
Views: 2222

Re: Which bucket to fill next with bonds? (Quickie, I hope!)

Thanks again. I appreciate your helpful reply! Grabiner, your post implies that you're comfortable putting bonds into the Roth account? Any thoughts related to retiredjg's post, pasted just below? In the 15% tax bracket (now 12%), you pay no tax on qualified dividends and long-term capital gains. Th...
by OkanePlease
Fri Jan 05, 2018 10:35 am
Forum: Personal Investments
Topic: Which bucket to fill next with bonds? (Quickie, I hope!)
Replies: 19
Views: 2222

Re: Which bucket to fill next with bonds? (Quickie, I hope!)

Grabiner, your post implies that you're comfortable putting bonds into the Roth account? Any thoughts related to retiredjg's post, pasted just below? In the 15% tax bracket (now 12%), you pay no tax on qualified dividends and long-term capital gains. Therefore, it is better to hold stocks in your ta...
by OkanePlease
Thu Jan 04, 2018 11:13 am
Forum: Personal Investments
Topic: Which bucket to fill next with bonds? (Quickie, I hope!)
Replies: 19
Views: 2222

Re: Which bucket to fill next with bonds? (Quickie, I hope!)

Thanks, all, for the suggestions. They reflect the mixed sentiment I've seen elsewhere. I guess that bucket choice is a matter of personal preference/strategy!
by OkanePlease
Wed Jan 03, 2018 10:52 pm
Forum: Personal Investments
Topic: Which bucket to fill next with bonds? (Quickie, I hope!)
Replies: 19
Views: 2222

Re: Which bucket to fill next with bonds? (Quickie, I hope!)

Exactly.
livesoft wrote:
Wed Jan 03, 2018 11:51 am
aristotelian wrote:
Wed Jan 03, 2018 9:58 am
How did you end up with 100% of your 401k in bonds?
This is so easy to conceptualize: The 401(k) could be less than the desired bond allocation, say only 44% of total assets. My 401(k) was often 100% bond funds while it was smaller and so was my spouse's.
by OkanePlease
Wed Jan 03, 2018 1:20 am
Forum: Personal Investments
Topic: Which bucket to fill next with bonds? (Quickie, I hope!)
Replies: 19
Views: 2222

Re: Which bucket to fill next with bonds? (Quickie, I hope!)

Note so sure this is necessary, as I'm barely into the 15% tax bracket, and I pay no state tax.
CaliJim wrote:
Wed Jan 03, 2018 12:23 am
sounds like you should buy muni bonds in taxable.
by OkanePlease
Wed Jan 03, 2018 12:14 am
Forum: Personal Investments
Topic: Which bucket to fill next with bonds? (Quickie, I hope!)
Replies: 19
Views: 2222

Re: Which bucket to fill next with bonds? (Quickie, I hope!)

Thanks, CaliJim. But note that I don't have any stocks in tax advantaged/401K. So...still curious to know which bucket to start filling next with Total Bond: taxable or Roth? generally: better to favor stocks in taxable and bonds in tax-advantaged accounts. but it is ok to have both in tax advantage...
by OkanePlease
Tue Jan 02, 2018 11:44 pm
Forum: Personal Investments
Topic: Which bucket to fill next with bonds? (Quickie, I hope!)
Replies: 19
Views: 2222

Which bucket to fill next with bonds? (Quickie, I hope!)

Hoping to get help without need to post my portfolio. Basically, I'm in a 15% tax bracket (no state tax) and pre-retirement. Asset allocation is about 55% stocks and 45% bonds. My 401K "bucket" is filled with Vanguard Total Bond Market Index Fund. I have no more space in this bucket, so to keep my d...
by OkanePlease
Tue Nov 07, 2017 2:01 am
Forum: Personal Finance (Not Investing)
Topic: New title: Anyone know anything about Health Net / First Choice Health for health insurance?
Replies: 1
Views: 408

Re: New title: Anyone know anything about Health Net / First Choice Health for health insurance?

[Edited with new title to hopefully get information/opinions about Health Net / First Choice Health for health insurance, as they're offering the best price but I'm worried about care/service. If anyone can help, or can refer me to a good source of opinions, I'd greatly appreciate it!]
by OkanePlease
Sun Nov 05, 2017 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: New title: Anyone know anything about Health Net / First Choice Health for health insurance?
Replies: 1
Views: 408

New title: Anyone know anything about Health Net / First Choice Health for health insurance?

I'm currently considering choices of employer-subsidized health insurance for the two of us. Had Aetna in the past, but rates for 2018 skyrocketed. We know we want PPO > HMO. And looking at a high deductible plan with HSA available. At the "Bronze Plus" level ($4,500 family deductible, $7,150 out-of...
by OkanePlease
Mon Sep 11, 2017 1:54 pm
Forum: Personal Investments
Topic: One Year Later: Hmm...how would you tweak this portfolio? Can I consider early retirement?
Replies: 35
Views: 6140

Re: One Year Later: Hmm...how would you tweak this portfolio? Can I consider early retirement?

Just in case I missed anyone with a personal thank you, I want to appreciate everyone who helped with this inquiry. Being a bit old-fashioned, I'm printing out the entire thread so I can read it now while tweaking my portfolio, as well as to review in the future!
by OkanePlease
Fri Sep 08, 2017 6:55 pm
Forum: Personal Investments
Topic: One Year Later: Hmm...how would you tweak this portfolio? Can I consider early retirement?
Replies: 35
Views: 6140

Re: One Year Later: Hmm...how would you tweak this portfolio? Can I consider early retirement?

lostdog wrote:
Thu Sep 07, 2017 8:44 am
You could semi-retire but I would sell the house and down size. The difference from the house sale can be added to your portfolio. Take a part time job you enjoy.
Thanks, lostdog. Downsizing is something I'll continue to consider!
by OkanePlease
Thu Sep 07, 2017 11:12 pm
Forum: Personal Investments
Topic: One Year Later: Hmm...how would you tweak this portfolio? Can I consider early retirement?
Replies: 35
Views: 6140

Re: One Year Later: Hmm...how would you tweak this portfolio? Can I consider early retirement?

I think your math would work out much better if one or both of you kept working part time for a few more years, or you were able to pocket the equity from your current house. What would rent cost you in your area? Your situation is very similar to my parents (though they are a few years older) in t...
by OkanePlease
Thu Sep 07, 2017 1:31 pm
Forum: Personal Investments
Topic: One Year Later: Hmm...how would you tweak this portfolio? Can I consider early retirement?
Replies: 35
Views: 6140

Re: One Year Later: Hmm...how would you tweak this portfolio? Can I consider early retirement?

The math is only a part of the answer, as it disregards quality of life. As others have said, you could perhaps make this work mathematically, if your assumptions about future expenses prove accurate (eg., cost of health insurance, real estate, personal income taxes, investment taxes, maintenance e...
by OkanePlease
Wed Sep 06, 2017 6:14 pm
Forum: Personal Investments
Topic: One Year Later: Hmm...how would you tweak this portfolio? Can I consider early retirement?
Replies: 35
Views: 6140

Re: One Year Later: Hmm...how would you tweak this portfolio? Can I consider early retirement?

The math is only a part of the answer, as it disregards quality of life. As others have said, you could perhaps make this work mathematically, if your assumptions about future expenses prove accurate (eg., cost of health insurance, real estate taxes, personal income taxes, investment taxes, mainten...
by OkanePlease
Wed Sep 06, 2017 11:26 am
Forum: Personal Investments
Topic: One Year Later: Hmm...how would you tweak this portfolio? Can I consider early retirement?
Replies: 35
Views: 6140

Re: One Year Later: Hmm...how would you tweak this portfolio? Can I consider early retirement?

flyingaway wrote:
Tue Sep 05, 2017 7:07 pm
If the OP's $50K annual expenses estimate is accurate, there is likely 0 income taxes at both federal and state levels.
Thanks, flyingaway. If choosing not to work, I agree that there should be no income tax upon taking deductions. And no state tax in WA.
by OkanePlease
Tue Sep 05, 2017 6:49 pm
Forum: Personal Investments
Topic: One Year Later: Hmm...how would you tweak this portfolio? Can I consider early retirement?
Replies: 35
Views: 6140

Re: One Year Later: Hmm...how would you tweak this portfolio? Can I consider early retirement?

I personally am having a bit of trouble understanding your finances. A paid off $900,000 home seems a bit of the outlier with only 1.4 mil in total investments. I am astonished at how low property taxes are where you are from. Taxes on a $900,000 house would be over $20,000 a year here. I also thou...
by OkanePlease
Tue Sep 05, 2017 6:39 pm
Forum: Personal Investments
Topic: One Year Later: Hmm...how would you tweak this portfolio? Can I consider early retirement?
Replies: 35
Views: 6140

Re: One Year Later: Hmm...how would you tweak this portfolio? Can I consider early retirement?

I'm not optimistic about a comfortable retirement for you if you retire now. Property taxes on a $900K home could exceed $10K per year, depending on where in WA you live. (Our assessment just increased by $100,000 so that means $1,000+ more on our King County tax bill.) Health care may well exceed ...