Questions tagged [retirement]

This tag should be used for any questions related to retirement or post-retirement, such as planning or saving for retirement, or asking about benefits or issues after retirement.

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3 votes
1 answer
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Taxes on certain retirement income in Canada for a US citizen / resident of Canada

I receive US military retirement, and Veterans Administration Disability and Social Security. What is taxed in Canada? Is anything exempt such as the Veterans Disability?
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2 votes
3 answers
178 views

Estimating Social Security for one or two years of additional work

I was looking at Social Security web site and they have option to find out how much will be retirement benefits will I get in two scenarios: Below are two scenarios and numbers(slightly modified). If ...
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  • 558
1 vote
0 answers
33 views

ETF portfolio for indian retiree

I am a recent retiree and do not get a pension. I have all my savings in my bank account some of which I want to invest in an all ETF portfolio over a period of time using SIP. What are some good ...
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0 votes
3 answers
78 views

Changing Investing Strategy Near Retirement

Currently, I am 40 years old and I am investing in Traditional IRA (T Row Price actively managed funds) and also Index Funds (Vanguard). At what age, I should move to money conservation phase? ...
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  • 687
0 votes
2 answers
199 views

Best practices for protecting retirement savings?

Let's say my nest egg is in ETFs in a taxable account and an IRA with the same brokerage. SIPC insurance may cover me "if the firm fails financially", and only up to $500,000. That is per ...
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1 vote
0 answers
54 views

The Social Security Special Earnings Limit Rule---How Long is the Cap on Hours Worked in One's Own Business Truly in Effect?

I am under the impression that retirees who are collecting Social Security benefits and start a business are capped in the number of hours they can work between 15 and 45 hours per month if they have ...
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0 votes
1 answer
84 views

How to establish your (yearly) savings rate in GnuCash?

Title says it all... pretty much. Maybe this exercise is really simple and this question a bit silly: I'd guess it's simply the sum of all expenses (i.e. expense accounts) over the sum of all income, ...
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  • 571
4 votes
3 answers
559 views

When is the earliest I can withdraw contributions from a Roth IRA?

I'm considering putting a few thousand dollars or so into a Roth IRA. The tax due date is in a few days and I want to finish it now because I think I have to report Roth IRA contributions on taxes. ...
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10 votes
5 answers
4k views

Hypothetical case of two brothers, one who invests early and one who starts later

I've seen a hypothetical case of two brothers, one of whom invested until 25 and stopped. The other invested from 25 until 65. The brother who invested earlier winds up with more money. Does anyone ...
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  • 223
1 vote
0 answers
61 views

How do I calculate I-Bond growth?

I'm looking into purchasing $10,000 of Series I Savings Bonds every year. I'm trying to understand what the formula is for their growth. I looked at bond calculators, but to be honest, I'm not very ...
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16 votes
2 answers
2k views

How does the last few years of wages affect Social Security amount in the US?

I have heard that our Social Security payment is largely dependent on our wages for the last few years we work but I have also heard that if you earn more money, it is not going to make your Social ...
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-3 votes
2 answers
154 views

Is it some sort of gambling when we take out our Social Security in the US?

I found that it could be like this: If we take out our Social Security at the age of: 62 $2000 / month 70 $4000 / month and I calculated that it is assuming we live to age 78, then the ...
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3 votes
2 answers
115 views

How much monthly income can I get, as a function of age and initial investment?

Suppose my age is X, and I have Y dollars in cash. I want to give them to an insurance company, or another financial institute, in exchange for a monthly income (pension) of Z for the rest of my life. ...
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21 votes
5 answers
4k views

When can you skip bonds for retirement?

Conventional wisdom holds that as one approaches retirement, one should transition from holding mostly risky investments (stocks and mutual funds) towards holding more conservative investments (bonds)....
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  • 1,152
0 votes
1 answer
97 views

Is it beneficial to take U.S. Social Security money later? [duplicate]

I noticed if I take money out starting age 60, at $N, or if at age 70, at $M. $M is close to double the amount of $N. Is it more advantageous if I take money out later? What life expectancy age do ...
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2 votes
2 answers
123 views

How much is tax exemption if I retire in a foreign country like Taiwan?

I heard that some time ago, there was like a US$70,000 tax exemption if I live in Hong Kong, and that first $70k income is not subject to US taxes. However, let's say if I actually retire and live in ...
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1 vote
2 answers
247 views

When transfering IRA ask origin or destination institution?

I have some money in an IRA account with NEW YORK LIFE. I would like to transfer this money into a Fedelity brokerage account since I can buy individual stocks there. Who do I contact to arrange the ...
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  • 119
1 vote
2 answers
167 views

How to choose between Roth IRA and Traditional IRA

I have been contributing to Roth IRA for several years now. At this point my income have jumped up so I cannot contribute to Roth IRA anymore, unless I use the backdoor. Currently, my tax rate is 24%. ...
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  • 687
12 votes
9 answers
4k views

My ignorance keeps me awake at night (specifics below) [closed]

I feel like a financial idiot, and I'm worried that I might be overlooking opportunities and making big mistakes that I will regret later. So, I'm looking for a sanity check on my finances from people ...
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  • 273
0 votes
3 answers
185 views

Is it reasonable to expect the return on my savings will match or exceed inflation?

I am doing some modeling on retirement savings. Variations on the rate of return for savings during retirement (this is, after one has retired) as well as the inflation rate yield very different ...
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1 vote
1 answer
40 views

Should I increase my regular 457(b) contributions or start a Roth 457(b)?

I am 28 years old and fortunately in a position where I am able to max out my Roth IRA contributions each year. I am also now contributing a similar amount (~$6,000/year) to my employer-sponsored 457(...
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  • 121
1 vote
1 answer
65 views

Distribution of funds between pre-tax and ROTH for a under 30 years old

What is the usual contribution percentage for an under 30 years? I am trying to change mine but I am not sure how much what I should change it to. equal distribution between ROTH and pre-tax or more ...
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  • 645
0 votes
2 answers
123 views

Would like to keep paying our parents after retiring from our small business

Several years ago me and my brothers bought the company that our dad and mom started. We agreed to pay them a monthly amount until we had bought out the company. At that time they both continued ...
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  • 117
4 votes
2 answers
486 views

Post Tax Traditional IRA vs Normal Mutual Funds Account

I am setting up a Traditional IRA account and this will have my post tax contributions. Traditional IRA does not have any income limit but the contribution limit is $6000 (married filling jointly). If ...
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  • 687
1 vote
1 answer
62 views

Can I withdraw my contributions from a Roth IRA early without penalty even if they were rolled over from a Roth401k?

I understand that both Roth 401k and Roth IRA accounts allow withdrawing contributions prior to age 59/12 without penalties. But today I heard someone say that I should NOT roll over my Roth 401k to a ...
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  • 51.4k
4 votes
0 answers
70 views

Social Security, expat, and small side business

I plan to retire soon. I am an American and I expect to get about half my retirement income from Social Security. I have not reached full retirement age. (I'll be 63.) I own a tiny side business that ...
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  • 20.8k
1 vote
0 answers
46 views

Should retiree take insurance from employer or should he/she take from external insurance organization?

My dad is retired bank official in India. I want to know if he should go for health insurance provided by his employer or he should go for other insurance organizations, given say the cover is exactly ...
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  • 131
4 votes
0 answers
174 views

Pre-qualification screening for apartment rentals on apps like Zumper. How honest should I be?

I'm looking to move from one - expensive - rental apartment to another, similar priced. Now my circumstances are that I am semi-retired, starting a business and with more than enough money in the bank ...
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21 votes
8 answers
9k views

Safe-ish investment options for a young, well-compensated couple

I'm definitely late in learning this stuff and have gone through the top questions on this site like I'm 23 and was given $50k. What should I do? Oversimplify it for me: the correct order of ...
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  • 343
5 votes
7 answers
3k views

What can we do when we are stuck in a conservative 401(k)?

Right now, I am working as a software contractor and my agency allows 401(k), but only in conservative investments, such as Vanguard Target Retirement 2030, 2035, or S&P 500 index fund, or at most ...
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2 votes
2 answers
403 views

When the government starts to print money, buy a house to double or triple your money?

It seems it is so obvious, but is it true? When the government starts to do "quantitative easing" or print money, then the price of a house can go from $1.2 million to $1.5 million easily, ...
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9 votes
3 answers
452 views

The correct order of investing - UK edition

This excellent question asks what the consensus priority order of investments should be. The answers seem to have settled on roughly the following: Emergency fund. 401(k) up to employer match. Pays ...
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11 votes
6 answers
5k views

Is there a case against having an IRA?

I am in the United States and I earn an income in the range of $200k/year. I am single with no kids and generally keep my overhead expenses low (car is paid off, my housing cost is very reasonable, ...
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0 votes
3 answers
152 views

Mid risk inflation hedge for parents retirement with 10/15% of total?

My parents are very conservative and uneducated about money, and they’re keeping most of what will be their retirement (in 3/4 years) in CD. I convinced them this is detrimental due to inflation, but ...
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  • 195
0 votes
0 answers
36 views

Starting/acquiring a business to minimize RMDs

Suppose an individual is 72 years of age and would like to minimize RMDs from a traditional 401k plan. They are willing to continue working in order to qualify for the still-working exception, as ...
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  • 1,199
1 vote
0 answers
42 views

Strategies for Asset Allocation Considering Different Kinds of Tax Advantaged Accounts

What are some strategies for asset allocation across taxable and tax-advantaged accounts? I have: A Defined Benefit Pension Plan (not really relevant to this question) A pre-tax supplemental ...
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23 votes
11 answers
6k views

What is so good about IRAs?

I still don't get what is good about IRAs. For example, in a traditional IRA when you deposit you won't have to pay tax but when you withdraw you still have to pay taxes. So you only benefit if you ...
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  • 1,731
0 votes
2 answers
64 views

What options, if any, exist for a penalty-free transfer/rollover of a TIAA 403(b)?

My previous employer was a university with a TIAA 403b. Now that it's been over a year since I left, I am interested in transferring some or all of those funds to Vanguard, with whom I've had a Roth ...
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  • 101
1 vote
1 answer
60 views

Retirement Limits and Options

I know there are limits on retirement contributions, both pre-tax and after-tax; but I had a couple questions to make sure I understand how they apply precisely and manage them. Background: I have two ...
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2 votes
0 answers
73 views

Has there been any studies or economic theories regarding HSA and whether to save/spend

HSA have triple tax advantage: Pre-tax contributions Tax-free growth Tax-free withdrawals for medical expenses If one planned to only use this money for medical expenses after retirement (62), is it ...
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  • 1,043
0 votes
1 answer
97 views

Can rolling over a Defined Contribution Plan to a Roth IRA make investment earnings tax-free while avoiding Roth contribution limits?

My employer offers a Defined Contribution Plan (DCP) where I can contribute after-tax earnings. Investment earnings grow tax-deferred. There is an option to roll over DCP (after-tax) contributions to ...
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  • 103
4 votes
1 answer
422 views

401K Loan - Company switched providers and rules

My company (a large health co) merged with a larger Pharm Co. In this process, we basically got all the Pharm Co benefits. When with the health co, I took out a 401k loan which had the provisions that ...
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5 votes
1 answer
81 views

Social Security vs SSI: cash gifts, free rent, etc. (USA)

I understand the social security administration may reduce SSI benefits if the recipient receives cash gifts, free rent, etc. What about normal social security benefits or retirement benefits? Are ...
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5 votes
3 answers
218 views

How do I Value a Defined Benefit Plan

Background My "side hustle" for a while has been the US Navy Reserve. I think I've stopped having fun, and I'm ready to quit and devote that time to my main job, my family, etc. However, one ...
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  • 1,152
0 votes
1 answer
88 views

If I don't plan to sell the stock until age 60 or 65 in USA, is it exactly the same in a regular account vs an IRA or 401k account?

With the limitations of how much money we can put in IRA, Roth IRA, or 401(k) account, I just thought, what if we plan to buy the stock and know we won't sell it until age 60 or 65, when our income ...
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1 vote
0 answers
57 views

401k or Roth IRA for non treaty countries

This might be a bit complicated, so pretty please bear with me a little. I am currently living in USA on a E2 visa. My employer offers both 401k and Roth IRA. I do not plan to neither retire nor ...
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  • 111
0 votes
3 answers
155 views

When To Use High Dividend Funds

I recently heard that one way to retire is to accumulate enough wealth and then invest in a high dividend portfolio. That way, you can live off the dividends and not have to sell your stocks. So you ...
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16 votes
2 answers
2k views

Type of account for investing surplus funds when planning to retiring early?

How do people retire early? Say that their debts (including house) are paid in full, they have ample money already saved in IRAs, 401ks, etc., they are expecting a pension, and have earned enough SS ...
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  • 1,119
2 votes
1 answer
135 views

How does 401k loan default after you left your job?

I'm trying to find some basic answers here but having a very hard time. I have a job currently and I'm about to lose it. I have pulled out a 401k loan and paying it back through the payroll deduction. ...
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7 votes
4 answers
3k views

Mid twenties, no debt, maxed out all contributions to "common sense" stuff, what can I do to maximize the value of my money now?

I'm in my mid twenties living in the US, in a relatively inexpensive city (my rent is 930 a month). I max out 401(k), 80% going to Roth 401(k), 20% traditional 401k (I expect I'm going to have to pay ...
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