Welcome Guest

RE: yikes that is exactly what I am worried about but good

Posted on: December 16, 2020 at 13:59:25 CT
scan MU
Posts:
21329
Member For:
17.55 yrs
Level:
Moderator
M.O.B. Votes:
0
I retired at 60. I had a two year deferred compensation deal which covered my healthcare costs up to 62. Then I turned on my SS to cover it. It made sense for me to takes it early for health reasons. My breakeven age would have been 83 or 84 years old. Odds are I don't make it that far.
Report Message

Please explain why this message is being reported.

REPLY

Handle:
Password:
Subject:

MESSAGE THREAD

     Here is the problem I have run into on contributing more - MU-TULSA MU - 12/17 13:24:52
          So you have a general investment account tied to the 401k? - TigerFan92 STL - 12/17 22:46:30
               You should be able to retrieve all of your Roth 401k deposit - tiger4real MU - 12/18 14:17:38
               Well the problem occurred when they sold the company and - MU-TULSA MU - 12/18 10:17:49
          HSAs are a great thing - meatiger MU - 12/16 15:53:59
               Only had it two years so I am the max $5K times 2 - TigerFan92 STL - 12/16 19:32:39
                    yep..did same thing - meatiger MU - 12/16 22:37:43
          Your break even age is about 78 - tiger4real MU - 12/16 15:16:57
               That is why I might take it early(nm) - TigerFan92 STL - 12/16 19:34:14
               Sorry meant for below(nm) - tiger4real MU - 12/16 15:21:08
          yikes that is exactly what I am worried about but good - TigerFan92 STL - 12/16 13:41:59
               RE: yikes that is exactly what I am worried about but good - scan MU - 12/16 13:59:25
                    got it. likely similar but I don't think i'll get a package - TigerFan92 STL - 12/16 19:33:46
     Yes, I support this decision. - tiger4real MU - 12/15 20:26:32
          That is true. Roth benefits the lower income more so the guv - TigerFan92 STL - 12/16 10:38:26
     You hit the one big negative (potentially) of a Roth. - GA Tiger MU - 12/15 19:10:12
          I have some dividend and will transfer more that way when - TigerFan92 STL - 12/16 10:40:34
     I think you are on the right track.....need three buckets to - Sarazen KC - 12/14 18:08:37
          Agree. I think what compounds the challenge is if you retir - TigerFan92 STL - 12/15 09:09:29
               The problem with "taking it easy" late - meatiger MU - 12/15 14:58:57
                    That's me I am debt free and my 401K is plenty high if I - TigerFan92 STL - 12/15 17:18:06
                         if you want to retire early - meatiger MU - 12/15 21:01:04
                              yeah trying to figure it out is a challenge but saves $ - TigerFan92 STL - 12/16 10:36:21
                                   Your decision about what to do now is not - Sarazen KC - 12/16 15:22:50
                                        Once you put money in a tax deferred account - meatiger MU - 12/16 15:52:29
                                             You can revisit your decision on percentages going - Sarazen KC - 12/16 23:10:13
                                             I think he is saying if I am 25-75 Roth-Traditional that nex - TigerFan92 STL - 12/16 19:35:48
                                                  yes.. - meatiger MU - 12/16 22:36:31




©2021 Fanboards L.L.C. — Our Privacy Policy   About Tigerboard