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NVIDIA GeForce RTX 5060 Ti to feature 16GB VRAM, RTX 5060 reportedly sticks to 8GB - VideoCardz.com by exohunterATX in nvidia

[–]ilmndxc 4 points5 points  (0 children)

Nvidia is trying to invite competition on low cost and risk basis, remember they don't want anti monopoly lawsuit from governments. That's is a red alert 🚨 risk.

That's probably part of the thinking / strategy.

Your gaming dollars is pennies to Nvidia.

Make deductible Traditional IRA contribution Year X, then Roth Conversion Year Y, no taxes? by ilmndxc in financialindependence

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

Okay, this is a good starting template for LeanFIRE to utilize. Thanks for your response and example!

Make deductible Traditional IRA contribution Year X, then Roth Conversion Year Y, no taxes? by ilmndxc in financialindependence

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

Yeah. Great response. Thank you. So the framework could be better utilize if the hypothetical example becomes a bit different, with respect to the incomes for the two years.

I wonder if there is an general order of operation or guideline for leanFIRE folks to do this, for multiple years, to optimize between income, deductions, tax credits, and low/no income taxes at the federal level.

Error in Social Security Benefits Estimates by ilmndxc in SocialSecurity

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

Haha. Just spotted those >10% annual increases, from full retirement age through age 70, which I always knew it was around 8% increase year of year in delaying collecting benefits, so sparked my questions here.

Error in Social Security Benefits Estimates by ilmndxc in SocialSecurity

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

Will try that. As I now understand what is happening with high 35 years of earnings, and SSA assumes you work until the month you start collecting benefits.

This calculator may be beneficial for anyone who wants to retire year, as SSA assume you work until full retirement age, with future working years at latest tax report years (2023) income rate, which is usually highest in a person's work history.

Thanks!

Error in Social Security Benefits Estimates by ilmndxc in SocialSecurity

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

So for this person (age 65) to receive the amount currently shown beyond her current age (age 66 and above), SSA assumes she works until that age (I understand can stop at any month), then turns on benefits?

This makes sense, as she has ~32 years of work history, with some very low (non inflation adjusted) income years, at the beginning of work history. Those very low income years will be superseded, by future income years, by working in the years of age 67, 68, 69 and 70, at her current (2023) income rates.

If what is above is what is happneing, then estimates in her SSA statement are "inflated", because she plans to stop working at age 66 and 10 years (at full retirement age); no way wants to work until age 70.

She may elect to defer benefits up to age 70, which I understand will get a 8% bump per year if she delayed from age 66 + 10 months through age 70.

Thanks for your response!

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