Showing 50 results of 655
James addresses a listener's question regarding Social Security strategies in retirement. Sasha, aged 59, seeks advice on when to start collecting Social Security, considering her husband's benefits a...
I can’t wait for my wife to retire. What? Yes, I mean it. I planned ahead for retirement. I have plenty of hobbies and retirement has been the greatest. However, my wife still works. Therefore, ...
As doctors, we know people die all the time. Financially speaking, it's a massive tragedy to lose income when others are depending on it. The post What to Do If Your Doctor Spouse Dies Young appeared ...
My husband and I had an excellent retirement plan and were planning on retiring the same month. We have a vision for what that will be like and what we will do, However, I’m having mobility prob...
Hey gang, here's a first-world problem: I would like to retire in the next 3 to 4 years and live nomadically / slow-travel for a few years, staying in rented apartments across the continent and the wo...
This might seem like an odd question but I've been getting conflicting advice. Husband 71 and retired with pension and SS. I'm 65 and working full time at the moment. My full SS is 66, 10 months. My h...
Im not realy looking for advice, know I'm a part of the problem....Just wonder if any else has dealt with these feelings? I really crave alone time, at home. The peace and quiet. I tried to be mentall...
I'm a 66 y/o male who would like to retire. My spouse is 63 so she is two years away from Medicare. The thing is, we currently have excellent insurance under my employer. January 1st would open up the...
I am a male 61, wife is 53. Our marriage has consisted of traditional rolls, and very successful. She has been working for school system for 15 years as a teachers aide. I will retire before my wife. ...
I am 60 but my spouse is 38. I currently have our health insurance through my job. I plan to retire at 67. 1. When I turn 65 can I keep my employer insurance or will I be forced to take Medicare with ...
Hello all - new to the community. I am a 60 year old male in a committed relationship with my spouse. I make good money and so does she and we live in a downtown condo that has developed quite a bit o...
I’m planning on retiring sometime In 2025. I think all looks good. Wife gets nervous. Probably as much about me disrupting her routine as finances haha. Any specifics I should be asking our plan...
Since a surviving spouse gets the most flexibility and tax breaks of all possible beneficiaries (other than perhaps a charity), it seems that choosing your spouse as the beneficiary of your IRA may be...
In 2014, my wife retired from her high-stress pathology practice at age 48. She walked away for a specific reason ... Read more...
I inherited my husband's IRA retirement upon his death. I am liable for Federal taxes if I transfer this to my IIRA retirement?...
Wondering if anyone is in the same boat as I am. I turn 62 in December. Have a good job I like but my health is failing. Cardiac issues. I plan on retiring in Jan. My wife has a great job that she lov...
I am 64 but have not filed for SSI. My wife is also 64 but already filed for SSI when she was 63. My benefit will be significantly higher than hers. My question is does the benefit for her as a surviv...
I (64F) retired in December 2019 and husband (63M) shut down his business December 2023. We live in a HCOL area that is getting more crowded, higher crime and more noise and air pollution. I hate it h...
I’m a 54F who really wants to retire in two years. My partner and I have planned for retirement at age 59. He said he is okay with me retiring in 2 years-but I’m concerned he will be resen...
My spouse and I have worked in the same office for almost 15 years. We will be retiring at the same time three years from now). Has anyone been in the situation? I know people can struggle to along wi...
I've faced interesting criticism for encouraging my wife to re-enter the workforce after she left in 2015. However, it's important to clarify that she hasn't been truly retired. Instead, she has been ...
I went for a pre consultation about retiring but the rep I spoke to didn't seem knowledgeable I was a given a date of 6 months from now which didn't seem correct. I went for another consultation and t...
I am self employed and my company buys health insurance for our group. Spouse has worked for my company for a couple of years, but was on our health insurance regardless. I will be Medicare eligible 8...
I am 68 years old and have delayed taking Social Security. Spouse is 64. She doesn't qualify for benefits, so she would be receiving a portion of mine when I pass. Would there be any difference in her...
My wife is no longer working, so she has no income. She just turned 63. If she starts taking her SS now, does she get penalized for my income if we file taxes jointly? Her difference between taking at...
Here's what I'm trying to do and what I found out, but would like to confirm. I'm a U.S. citizen and permanent resident of Japan, having lived here 40 years. I live with my same sex partner of more th...
Photo credit: jb If you or someone you know has inherited an IRA from a spouse, there are several options available for handling the account. You could transfer the IRA to an inherited IRA, properly t...
I would like your opinion. I don’t plan on collecting SS until my full retirement age which is a few years from now. After that, God willing, I plan on working until I’m 70. My wife is at ...
My spouse is 8 years younger and will not be on SS for several more years. I am 65 and want to retire, but I have read that his income will deduct what I should be able to draw. How much will I be pen...
James addresses a listener's question regarding Social Security strategies in retirement. Sasha, aged 59, seeks advice on when to start collecting Social Security, considering her husband's benefits a...
In this week’s video, we’re going to talk through one of the most difficult decisions a couple can make: can they live on a single income to be able to stay at home with their kids. This u...
I am 66 and my spouse is soon to be 66. I have a 100% Va disability plus pretty good SSI. She has her SSI also. I recently retired and she has a small housecleaning job that pays a few hundred per mon...
Hello folks. Wife and I at that age we're planning to retire. Although we're pretty simple and don't live fancy, we have both worked professionally for decades and have 401k's about $1m each, we have ...
Spouse passed unexpectedly a couple weeks ago. I am 61 and utterly lost about how to handle insurance. I have never worked and do not have employer options. Should I be applying for 2023 coverage thro...
Both my wife and I are collecting SS benefits. I waited until just short of age 70 to collect. She started collecting at age 63. I receive the larger amount. When one of us passes, how is the survivin...
Hi. We are both in our mid fifties and live in Los Angeles. If I were to die tomorrow, a distinct possibility, could she make 300K last the rest of her life? She’s on permanent disability and re...
[Editor's Note: It’s less than a week until the best medical conference of the year, and even if you can’t attend the Physician Wellness and Financial Literacy Conference (WCICON23) in per...
By Dr. James M. Dahle, WCI Founder Anyone who has been around the physician financial blogosphere has probably heard someone cite the “one house, one spouse” rule of thumb. In 2015, I expa...
Wife and I are both 52. I’m currently making around $300k a year in a fairly high stress role that I hate. My wife retired 5 years ago due to health issues - she gets $36k a year for disability....
Now 11 months out and i haven’t convinced my wife. She thinks I should stay another 18 months until our kids are out of college. Apparently I need to prepare a PowerPoint and binder like I&rsquo...
I am 64 and will retire from my job in 10 months. My wife is 63 and stopped working about 5 years ago, went back to get an accounting degree, got a job that she hated and quit. That job entailed us mo...
SECURE 2.0 introduces a significant new provision for the surviving spouse of a deceased participant in an employer retirement plan. The new law enhances tax treatments for surviving spouses, especial...
Tax-savvy withdrawals in retirement are often overlooked or ignored by investors. That’s bad news when the Required Minimum Distribution (RMD) comes along! Also, the Widow’s Penalty is overlooked as w...
I (62f) retired in early September. I had researched everything, knew what I would take from my funds, knew I’d take COBRA, applied for SS, we got husband’s (66m) Medicare and Medigap set up and ready...
I waited until 70 to claim for the usual reasons. This also triggered a bump in my wife’s, because spousal benefits kicked in. It’s great to see the healthy deposit, though we’ve been doing fine the l...
A couple days before I published Broke Again At 49, my wife said going to Las Vegas over the long weekend would be a lot of fun. I had floated the idea a couple weeks earlier. Unbeknownst to me, she t...
Hi all - new to Reddit and the group. My wife and I are both 64 and retirement looms. We’re interested in bus and/or group travel companies. I’ve seen posts on OAT and Road Scholars with favorable rev...
I’ve heard from a number of retirees (not all) that they are busier now than when they were working. For these people, they say that it’s stuff they WANT to do now, which wasn’t true before, and that ...
I'm 69 and retired a year and a half ago. My husband is teaching part time. Life isn't as satisfying as I'd like. I've done some house projects, getting back into art, reading more, and a bit of trave...
Retirement seems to be the main topic when we get together with friends these days and the top answer to the "what are you planning to do when you retire" question is always travel. I (62f) used to al...