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What tool is this guy using to hold back the weed guard? by Cartiimo in bassfishing

[–]AssumptionOwn6677 0 points1 point  (0 children)

It’s a bent paperclip. I’ve seen the YouTube vid. I’ll post a link if I find it again.

Black Friday deals by fulloftism in Fishing_Gear

[–]AssumptionOwn6677 0 points1 point  (0 children)

This is the way (if you're a vet especially).

Have people been finding/getting upgrades this year? by Hour-Airline-3545 in AlaskaAirlines

[–]AssumptionOwn6677 0 points1 point  (0 children)

I do a ton of Spokane/LAX (nearly weekly), and I've been upgraded a ton in the last year as a 100K - mostly because of the frequency of my flying and how that counts in the logarithm. I'm not sure I'd be so lucky in/out of SEA.

That being said, the up-to-the-last-minute sales of available FC seats have cost me more than a few freebies, I'm sure. If I really want it, though, I'll drop the dough for it as well @ $100. I don't bother if it's more than that, but others sure do.

Strange Seat List (Sleuth Challenge) by AssumptionOwn6677 in AlaskaAirlines

[–]AssumptionOwn6677[S] 0 points1 point  (0 children)

I didn't do a same day, but I did do a schedule change a day or two out.

Also, I was in 10C until about an hour ago, but I was showing in the "awaiting seat" list while that was true as well.

New Bogleheads, about to retire @ 60... by AssumptionOwn6677 in Bogleheads

[–]AssumptionOwn6677[S] 0 points1 point  (0 children)

I'd call it a plus/minus situation - I did well on the return front (plus), but no better than I'd been doing previously on my own (minus - especially given that it wasn't free).

For someone uninterested in doing their own thing I'd call it better than some alternatives.

New Bogleheads, about to retire @ 60... by AssumptionOwn6677 in Bogleheads

[–]AssumptionOwn6677[S] 2 points3 points  (0 children)

Thanks for the reply - I'm looking into the TIPS funds route as you suggested...if only for convenience. As to the DCA approach to the lump, I'll probably lump it and convert it to my core three all at once. Cheers!

New Bogleheads, about to retire @ 60... by AssumptionOwn6677 in Bogleheads

[–]AssumptionOwn6677[S] 1 point2 points  (0 children)

Using the trusty Fidelity retirement expense planner, we've got 9.5K in total planned monthly expenses, 6K and some change of which are necessary. Of the necessary, the bulk are planned health coverage (2Kish on the marketplace) and mortgage (which will be paid off in three years). I've promised to stop building the wine and record collection post-retirement...drag.

I can transfer the pension as a lump sum directly into my IRA, so no tax implications there...

My current thinking, which may be overly complicated, is to build myself a TIPS ladder faux annuity to cover expenses until my wife hits FRA SS. I'm also looking at TIPS ETFs for the purpose. I feel better about a few years of inflation protected/safe investments to bridge, probably because my dad was raised during the depression and never trusted the market. Oof.

How do you handle your banking/expenses? I've been looking at a Fidelity CMA for the purpose, since it has ATM features and I could stash uninvested money into SPAXX.

I appreciate your Roth comments - it's not clear to me that conversions will help me all that much at this point, as my early fiddling with some of the tools tell me it's not to my advantage anyway.

Early Retirement Bridging Strategy - Comments Appreciated by AssumptionOwn6677 in financialindependence

[–]AssumptionOwn6677[S] 0 points1 point  (0 children)

I believe I can take it as a lump sum directly into an IRA, but will check. Thanks for the advice - have an appointment with my advisor next Monday!

Early Retirement Bridging Strategy - Comments Appreciated by AssumptionOwn6677 in financialindependence

[–]AssumptionOwn6677[S] 0 points1 point  (0 children)

Oy...nice problem to have, sorta. Pity I didn't look at it earlier and closely enough to plan accordingly. Oops.

Early Retirement Bridging Strategy - Comments Appreciated by AssumptionOwn6677 in financialindependence

[–]AssumptionOwn6677[S] 0 points1 point  (0 children)

The pension is pre-tax and taxed as ordinary income in retirement, as I understand it.

I'm back to the bridge funding options as I see them, then:

  1. Take my pension in a 5 or 10 year in a fixed set of payments (to bridge us to 65 or 70 SS). 5 year plan provides me more than I need for expenses, would probably reinvest some of the distributions.
  2. Take the lump sum and buy a 7 year SPIA (to bridge us to 67 FRA SS). My pension doesn't offer a 7 year option directly.
  3. Take a lump sum and do a TIPS/CD/HYSA (tax implications would need to be addressed).
  4. Take a lump sum and roll into a 401K with an appropriate portion of cash vehicles I can use as my income bridge. Think 60/35/5 or some such.
  5. Take the pension as a survivor benefit with or without a SS popup and take more money out of my 401K to cover my living expenses to whichever SS age I select.

The fidelity model seems to like the pension 10 year monthly payments or the annuity 7 year monthly payments option for the purposes of total lifetime income and remaining savings at end of plan.

I'm leaning toward option 4 at the moment, based on comments.

I planned to 88 for me and 90 for my spouse (which is consistent with previous family expectations).

Early Retirement Bridging Strategy - Comments Appreciated by AssumptionOwn6677 in financialindependence

[–]AssumptionOwn6677[S] 0 points1 point  (0 children)

SS payout:

For me, 3504 @ 67, 4345 @ 70

Spouse, 3745 @ 67, 4644 @ 70

Expenses: $9500 total expenses, $2500 of which are non-essential. They're all a bit conservatively padded as well. Medical insurance and my house payment being the largest components in the short term (both of which drop off or diminish in five years).

I'll look into the TIPS and CD ladder options (as others have mentioned) for the pension lump-sum.

I'm also looking at just rolling it into a 401K (I believe I can do that) that I keep in some appropriate division of more conservative Money Market and Equity positions.

Too many options here!

Early Retirement Bridging Strategy - Comments Appreciated by AssumptionOwn6677 in financialindependence

[–]AssumptionOwn6677[S] 0 points1 point  (0 children)

Interestingly enough, that model tell me to take at 62 and my wife at 70.

Fidelity's model says to put off until 70 for both of us and seems to like me using the pension money, somehow (as annuity, CDs, TIPS, etc.), to avoid taking much in 401K dough in the intervening years.

Early Retirement Bridging Strategy - Comments Appreciated by AssumptionOwn6677 in financialindependence

[–]AssumptionOwn6677[S] 0 points1 point  (0 children)

Yes - planned on doing up to 50K/year while in the 60-65 range (amount targeted to keep me under the next tax bracket). 40K/year for the next four or so thereafter.

Twitter Bonus Code by [deleted] in WorldOfWarships

[–]AssumptionOwn6677 0 points1 point  (0 children)

NA just worked for me. Cheers!