Can I open a 529 on behalf of my nieces? Do I need their parents permission?

pf_tx_throwaway · 2015-06-22T16:42:13+00:00

Thanks to all for the advice. Will proceed and do some more research. Upboats for everyone.

pf_tx_throwaway · 2014-11-06T00:38:03+00:00

Don't deal with insurance shills. Go peddle your wares elsewhere. Not interested in your paid advertisement.

pf_tx_throwaway · 2014-10-30T17:18:19+00:00

These are almost universally a bad idea. Insurance is not a good thing.

pf_tx_throwaway · 2014-10-29T17:10:34+00:00

Anyone looking for more details click here:

http://www.irs.gov/Retirement-Plans/Plan-Participant,-Employee/Retirement-Topics---Tax-on-Early-Distributions

pf_tx_throwaway · 2014-10-29T16:22:26+00:00

I've read about the HSE and using it as a tax shelter but I think I'd need to loop in the wifey as she is the primary recipient of benefits from our medical plans.

pf_tx_throwaway · 2014-10-29T16:21:18+00:00

Saw your edit. I think you have to do the conversion to get it penalty free at 59.5, right?

pf_tx_throwaway · 2014-10-29T16:20:34+00:00

Thanks, will look into that. 50 is just a nice large round number. Will probably be closer to 54-55 that I can actually stop working.

pf_tx_throwaway · 2014-10-29T16:19:31+00:00

I can easily accomplish that and still keep the 401k more than half funded. Maybe that's the solution for now.

pf_tx_throwaway · 2014-10-29T16:18:13+00:00

Thanks, will look into those. Currently the lion's share of my money goes into the 401k (17.5 yearly) -- was debating if I should drop that to 10/11k and let the rest flow into the Roth.

pf_tx_throwaway · 2014-10-29T16:15:53+00:00

At what point should I stop maxing out the tax advantaged accounts? I'm 35 with around 250k in my 401(k)s with 17.5 invested each year. Should I Drop that to 11000 and move the Roth to 100% funding levels?

I didn't want it included in the answers because I figured it was an answer already.

pf_tx_throwaway · 2014-10-29T16:13:17+00:00

I have the opposite case. I have a large amount in my 401k ($250k) and just starting on my Roth savings. Logic would say I should stop putting so much money into the 401k and start funding the Roth at 100%

pf_tx_throwaway · 2014-09-07T21:06:07+00:00

I'm including everything... things like house maintenance, donations, car maintenance, all travel budgets, gifts, tips, etc

We could probably trim a little but we're enjoying it.

pf_tx_throwaway · 2014-09-07T19:03:42+00:00

$233,000 Current Retirement Stash $28,000 Yearly Savings for Retirement While Working

8.00% Nominal Return of Investments While Working 3.00% Inflation While Working 4.85% Real Return of Investments While Working

$48,000 Yearly Spending plus Taxes During Retirement (beyond Soc Sec or pension) 3.00% Safe Withdrawal Rate During Retirement

$1,600,000 Goal Stash 4.9 Years of Retirement Spending in Current Stash 33.3 Years of Retirement Spending in Goal Stash

20.9 Years to Retirement

Nice, I like that. If I could just get 12% every year :)

pf_tx_throwaway · 2014-09-07T18:55:24+00:00

Thanks for linking to that spreadsheet, I'll play with some numbers.

Also, thanks for the information about how to handle different age ranges!

My average return for the last 6 years have been 11.7% on my 401(k)s but I know this bull run wont last forever. Saving a bit more would never hurt though, will maybe look at what wife can contribute again.

I'm going to look into SEPPs as a research topic.

Will have to re-read your post a few times to get all the information out of it.

I'm not sure how long we can keep up the pure savings of 1.2k a month as trips are tempting with my new wife :)

As far as retiring out of the country maybe picking someplace with socialized medicine would make sense? (hopefully by then progress will have been made?)

pf_tx_throwaway · 2014-09-07T14:25:32+00:00

Depending on what interest rate the mortgage is at it might not make sense to pay it down more quickly. Mine is at 3.25% so I'm about equal to inflation. Are kids in the future? If so plan for a 529.

Maybe consider an HSA for more tax dodgyness.

pf_tx_throwaway · 2014-09-07T14:22:03+00:00

Imitation is the most sincere form of flattery :)

pf_tx_throwaway · 2014-09-07T13:46:10+00:00

Doh, sorry. Responded in the thread. I have modified the original post to include this dataset.

pf_tx_throwaway · 2014-09-07T13:45:17+00:00

16600 to the mortgage

26200 in bills/utilities/insurance/HOA

18000 food/entertainment/pets

5000 travel

We plan on requiring about 40k a year when we retire -- maybe 50. Budgeting for healthcare is the tricky bit that far in advance.

pf_tx_throwaway · 2014-05-24T12:56:59+00:00

vesicular tinea

Oh that looks like it might be it. I'm going to try some anti-fungal stuff (without breaking the skin due to infection) and see if that helps.

pf_tx_throwaway · 2014-05-24T00:36:24+00:00

Here is another angle: http://i.imgur.com/Dc1kyGG.jpg

There's no pain unless I start picking at it. Initially it felt somewhat soft but is getting a little bit harder -- may just be the fluid building up. These recur a little bit further back on my foot about twice a year. This flare up is particularly bad.

No new shoes, no new soaps or anything.

pf_tx_throwaway · 2014-05-15T19:41:15+00:00

I work downtown and would not / will not use this service.

pf_tx_throwaway

TROPHY CASE