Showing 50 results of 645
Should Peter LemonJello, who has high income, and his wife, who is retired with zero income, file their taxes as married filing separately so they can start Roth conversions? What are the tax implicat...
How do you manage a joint cash flow with separate assets? In addition to discussing Mark and Mary’s situation, today I chat with Kay about how she and her husband handled finances with their lat...
Just retired January 1. Tonight I realized I am enjoying cooking dinner, while being totally relaxed and watching football games with my husband and NOT worried about what I need to be thinking of in ...
I am the higher earner and also older spouse. I am older by 4 years. Our plan was to wait until I turn 70 to receive the maximum benefit. A year after that my spouse would reach her FRA of 67 and her ...
I'm on my husband's anthem from his old job as a cop although he retired 5 years ago. I tried to apply to Medicare A and it said are you on your own policy at work, I said No. It said are you on spous...
In 2017 and 2019, I superfunded two 529 plans for my two children. Since then, my wife and my parents have also regularly contributed to the two college savings plans. You would think with all this ag...
Husband and I have been planning to retire early in 5 years at age 60. Both of us are government employees and will have enough years for modest, but decent pensions. The idea has been that one of us ...
I recently retired after a 40-year career as a financial executive and accounting professor. My wife retired from being a ... Read more...
In December 2016, I purchased a 2015 Range Rover Sport with 10,800 miles. At the time, I had been driving a Honda Fit but sought a larger vehicle as my wife was expecting in early 2017. During the pur...
James addresses a common concern for a couple approaching retirement through a listener’s question. Listener Rob plans to collect Social Security early at 62, raising questions about his wife&rs...
My husband and I have been in 12 Step Recovery programs, Alcoholics Anonymous and Al Anon, for over 40 years, since we were both in our 30s. As young adults, alcohol abuse was already having a bad eff...
Me and my spouse really like the idea of The Villages in Florida where you get to own your own home and there’s a bunch of things to do all the time (soccer, pickleball, swimming, knitting) and ...
Our financial planner recommended living off of our cash and taxable investments before starting to draw down our IRAs, giving them more time to grow tax-free. My wife and I retired end of 2022, but t...
Sooo…. Scenario is husband will be retiring 5-7 yrs. He is over 55 now, and we are looking forward. We are looking at new states that are military friendly mainly. I am also looking at states t...
My wife and I know enough not to go out on the road on New Year's Eve. But we don't always know enough not to drive when the weather gets bad. My wife B desperately wanted to drive up to New Jersey to...
My wife and I both work, I get medical coverage through my wife since she works for the government. This year in May I turn 65 but will still be working (as well as my wife). I am told that I can get ...
My wife and I manage the finances for her mother/father. They are 92 and in declining health. We're spending about $13,500 / month (minus $5K LTC insurance) on assisted living and memory care. Money, ...
Can it be used for Medigap costs? Can it be used for Medicare advantage costs? My wife and I become eligible later this year. She has the HSA. I don't but I have money my company set aside to use with...
From "You can't retire yet" to "Your husband is gambling away your savings," here are the toughest conversations wealth managers have with their customers — and how to get through them....
In 2014, my wife had just retired from her stressful Pathologist role when I uprooted her to fulfill my dream ... Read more...
I'm 55 and wife is 53. We both have 401k that we max out. I will get a pension when I retire. I can retire as early as 59, but the pension is significantly higher if I work until 65. But I am getting ...
My wife (who does not work, used to but not in the past 10 years) has a traditional IRA in addition to a Roth IRA. We are going to deposit $7500 for 2023 into one of these accounts and wondered which ...
My wife and I are both retired at 67. I'm deferring Social Security until 70 to maximize the monthly benefit; my wife is collecting hers because it makes sense to. Our lifetime, based on family, will ...
My husband (61) is 100% retired. I'm (62) mostly there but did work part time for half the year so have earned income. Is there any reason we absoluteely should (or should not) contribute to our Roth ...
Hi, all. Long-time lurker, first-time poster. Thanks to everyone who shares their experiences and knowledge here. This sub is very helpful as my wife and I plan for retirement. I'm 57 and burned out p...
My wife and I are not big travelers at all, but are considering making a select few number of trips over the next couple of years while we are still young (age 66, ha!). We visited London once, and Pa...
My wife is a teacher in a public school system in Georgia, and plans to retire at the end of the current school year. The system she has always worked for (35 years) does not participate in Social Sec...
My younger son was our problem child and we spent thousands bailing him out of his poor decisions and scrapes with the law. He is now married and has 3 kids. His wife doesn’t work although there...
Your thoughts. Almost 61m, just had 2 stents put in, pretty good family longevity. I started collecting my pension at 53. 1700 a month with 50% going to my wife if I die. I’ve been beating the p...
My husband (66) has always been the primary breadwinner. He was laid off from his corporate job in 2004 and started his own consulting business. We've made it through, but there's never been extra mon...
For some retirees, TV watching becomes more of a thing. For others, just the opposite. My wife and I have just one TV, in the family room, and we’ve been fairly firm about never having one in th...
I am in the process of submitting application on the SSA web site for my wife to start collecting social security benefit at FRA in February 2024. Will SSA automatically calculate her maximum payment,...
My husband’s family has a nice tradition. They go around the table, and each person says what they’re thankful for. What they say changes with the passing years, depending on their joys an...
Both my husband and I will have pensions, in planning our budget for retirement how do I know how much to subtract for taxes? Between the two pensions our monthly gross pay will be roughly $8,300 -$8,...
In the past on this forum I asked for ideas on where to move. A couple of my thoughts were Texas, Florida or Alabama. Well, my wife and I did move. Across town less than a mile away. (There's no place...
As my retirement approached in 2021, my wife and I collaborated closely with our financial advisor to determine our streams ... Read more...
Just turned 59 and earn 80k/yr. My wife is 52 and makes 50k/yr. Our only debt is 70k on our 1200 sq ft house at 2.5%. Would like to retire at 62. My 401k will most likely have 300k in it by then. Thin...
Me and my wife both 67 I've worked full time her a few years as we raised 5 kids. Was hard to save in those early years but last few have been great. Managed to have 600k in 401k 600k already taxed ea...
Viktor applied FIRE principles frequently espoused on this blog. He grew up an immigrant raised by a single mother on welfare. He retired in 2020 at the ripe old age of 35. His wife recently joined hi...
I’m 59. My husband is 65 and semi-retired. Pro’s: 1. I’m soooo tired, 2. I need more time to exercise and stay healthy, 3. We definitely have enough to live on, 4. I’d like to ...
The truck belong to my recently deceased husband. Husband was an alcoholic, so there is some minor body damage. Truck runs great and is kind of fun to drive. I also have a 2014 Nissan Pathfinder with ...
I (M66) am retired. My spouse (F65) is winding down her business and will basically be retired after the first of the year. Between Social Security and savings we have enough to live on in a reasonabl...
Please explain. My husband is a recently retired postal employee and we are confused if we can take out large amount out of 401k and not lose his pension? He says he can only make $22,000 a year now t...
If you haven’t done this yet, do it as part of your retirement planning! You aren’t going to be alive and well forever. Yeah, I know thinking about this is a bummer. You and your spouse/pa...
I often wonder around in a robe and sandals, sometimes as late as 2:000PM. I rarely get dressed as soon after I wake up. The main reason I get dressed is my wife works and when she comes home I don't ...
I am 59 years old. I'm still working full time as an accountant- currently working from home 3x a week. I make a decent salary. My husband is 70 and is retired. His age is a major consideration in my ...
Hello r/retirement, I am 65+ with a non-working spouse of 57 years and have the following assets: 401k +HSA + Taxable: $1.9 mil Wife's TIRA: $150K My Roth IRA: $56K Non-401k Retirement from a prev. Un...
My husband is set to retire in January 2025. He will be 65 1/2. We are going to be downsizing to a smaller home with everything on one level ( ranch style ), as I am already having some issues with st...
Here’s the deal. My spouse turned 65 in July. He signed up for Part A same month. Still on my plan this year. He needs traditional Part B with a plan G Medigap and a Plan D, to start January 1st...
Me (59) and my husband (69) both retired in 2021, and over the last 2 years we basically just traveled around the world to the places that we simply didn't have time to go to when we were still workin...