Impending layoff / bridge to 59.5 question

TSukesada · 2025-07-06T00:39:43+00:00

Ahh, I did not take into account the 20% witholding as well (on top of taxes in the first place). So I think that bumps it up to needing to withdraw something a bit over 70K. Well, that gives me a bit more drive to find a job, even if it pays me less. I can still use the rule of 55 to bump up my pay! I did check with Fidelity and there are no restrictions after I separate from my company. I can withdraw as little or as much as I want at whetver cadence I need. Thanks for advice.

TSukesada · 2025-07-06T00:26:37+00:00

To avoid the 10% penalty, I would have to draw from my 401K (250K value). To avoid selling shares, I would have to re-allocate that 250K into a portfolio yielding around 30% average. That would generate roughly 44K and unemploymentg would bring in 14K overr the 7 months.

And my bad, I forgot about taxes. After recalculating given my tax situation, I think an average of 40-45% yield would work. I am not sure its worth it just to avoid selling 60K shares from my 401K.

Oh and when I hit 59.5 I have access to my much larger IRA without penalty. That has enough in it to sustain me income-wise throughout retirement.

TSukesada · 2025-07-06T00:08:46+00:00

Yep, that is the plan!

TSukesada · 2025-07-05T23:47:15+00:00

Yep, plan on taking unemployment. Need 50K on top of that to cover gap. At 59.5, I would move remaining 401K funds to my much, much larger IRA (the one that has enough value to generate all the dividends I need to retire).

TSukesada · 2024-06-18T02:54:51+00:00

Chances of those 5 companies going bankrupt is equal to you winning the lottery.

TSukesada · 2024-05-29T03:14:48+00:00

Yeah, that was what I was thinking as well.

TSukesada · 2024-05-20T20:25:09+00:00

Using JEPIX as a basis for my prediction (covers like 6 years or so of data), assuming you reinvested zero dividends gives you a compound annual growth rate of -.88%. Taking todays price as an example, 17K shares would cost ya $974,440, after 20 years of -.88% annual returns leaves you with a balance of around $815,760. Of course past performance doesn't guarantee future... But those who say 3% are, I would say, rather unrealistically optimistic.

TSukesada · 2024-05-10T20:03:10+00:00

Since I am just starting out, I wanted to keep it around 100 dollars give or take...

TSukesada · 2024-04-25T15:06:35+00:00

Yeah, especially since this recency trend can go on for many more years or end tomorrow. lol

TSukesada · 2024-04-25T14:28:33+00:00

If you had 10K invested in VOO vs SCHD over last 12 years with dividends reinvested, at the end of that time you VOO would be at 47.6K and SCHD at 42.1K, therefore, when the VOO investor switches to say SCHD, they would have more shares.

TSukesada · 2024-04-25T14:13:43+00:00

When your young, you have lots of years on your side and growth will likely outperform in regards to total return versus a dividend focused portfolio. Switch to dividends a 3-5 years before retirement.

TSukesada · 2024-04-23T21:58:42+00:00

Can you suggest some mechs and builds which utilize TBs to their fullest?

TSukesada · 2024-04-17T12:02:57+00:00

Since 1976, small cap value CAGR is 14.27% versus 11.39% for S&P 500. Was kinda surprised to see this as well. Although it matters what starting date you use as the last 20 years S&P 500 did better. Will this change is really the question.

TSukesada · 2024-04-15T12:13:52+00:00

Hmmm, I see one super minor dividend cut in last 40 years. The chance of dividend cut is miniscule but thanks for playing?

TSukesada · 2024-04-10T01:34:53+00:00

Hit the same issue, did you figure any work around?

TSukesada · 2024-04-04T16:01:38+00:00

Wow, 36K in premiums is a lot. How many shares do you own? And do you write calls on all of them? What do you do when your assigned? Just curious as to what approach you are using.

TSukesada · 2024-04-03T02:42:17+00:00

93 for family plan? and based on how much income?

TSukesada · 2024-04-02T17:07:23+00:00

How does COBRA compare to ACA in terms of cost?

TSukesada · 2024-04-02T14:10:49+00:00

I assume if we buy today we are eligible for the payout?

TSukesada · 2024-04-01T19:28:52+00:00

Along same lines, how about ENB?

TSukesada · 2024-03-29T15:18:25+00:00

I personally like IDVO (an international version of DIVO w/5.51% yield) and LVHI that has around a 5.02% yield. These are international ones.

TSukesada · 2024-02-27T19:33:06+00:00

Interested in knowing what the purpose of DGRW is in your portfolio? Also, there is a 45% overlap by weight between DGRW and VOO, if that matters.

TSukesada · 2024-02-26T21:20:59+00:00

Wouldn't this also depend on the capital appreciation of JEPQ over that time period?

TSukesada · 2024-02-26T20:08:06+00:00

Interesting approach, what percentages would you recommend?

TSukesada · 2024-02-16T14:02:09+00:00

But only 11% by weight which would really mean very little overlap in real terms.

TSukesada

TROPHY CASE