This article is right on point for my situation. I contributed as much as I could to my TSP as a federal employee. I now file single, after losing my wife to illness, and am faced with paying higher marginal rates on the RMDs compared to the marginal rates when I was working. As noted below, it is a good problem, but I do believe I planned poorly. (TSP is similar to a 401K for federal workers.)
Applied a couple months before his 65th birthday when he was still 64?The IRMA premium is based on your income 2 years prior. So if you are eligible in 2022, the IRMA is based on 2020 income. Hope your stress level goes down, Richard. Always enjoy your articles.
I ignore the advice to set aside savings equal to two or three years worth of expenses. My pension covers my expenses. If an emergency occurs, I can always borrow on my margin account.
When told the deal is only good for today, I am always certain it is best for me to walk away. With investments, I think the key is when it appears to be too good to be true. Anytime I have bought one of those, it has turned out to be untrue.
I've gone a couple of times to an ER for issues that were not acute. I would be very reluctant to go again unless I was dealing with a life or death issue.
If a couple have outgrown their home and move to a bigger house, is it fair to tax them on the gain on the first house? The gain, to a certain extent, is due to inflation caused by government policies.
A very nice article, Mr. Grossman. I especially liked the section about someone trying to impress by telling you the school they attended. We all know someone like that.
Comments
This article is right on point for my situation. I contributed as much as I could to my TSP as a federal employee. I now file single, after losing my wife to illness, and am faced with paying higher marginal rates on the RMDs compared to the marginal rates when I was working. As noted below, it is a good problem, but I do believe I planned poorly. (TSP is similar to a 401K for federal workers.)
Post: Trouble Ahead
Link to comment from February 9, 2025
Applied a couple months before his 65th birthday when he was still 64?The IRMA premium is based on your income 2 years prior. So if you are eligible in 2022, the IRMA is based on 2020 income. Hope your stress level goes down, Richard. Always enjoy your articles.
Post: Self-Inflicted
Link to comment from June 29, 2022
I ignore the advice to set aside savings equal to two or three years worth of expenses. My pension covers my expenses. If an emergency occurs, I can always borrow on my margin account.
Post: What popular financial advice do you ignore?
Link to comment from June 26, 2022
When told the deal is only good for today, I am always certain it is best for me to walk away. With investments, I think the key is when it appears to be too good to be true. Anytime I have bought one of those, it has turned out to be untrue.
Post: Troubled Water
Link to comment from June 22, 2022
You have a point, but I believe higher mortgage rates will lead to lower real estate prices.
Post: All Fall Down
Link to comment from June 22, 2022
I've gone a couple of times to an ER for issues that were not acute. I would be very reluctant to go again unless I was dealing with a life or death issue.
Post: When It’s Urgent
Link to comment from June 22, 2022
If a couple have outgrown their home and move to a bigger house, is it fair to tax them on the gain on the first house? The gain, to a certain extent, is due to inflation caused by government policies.
Post: Tax Shelter
Link to comment from June 20, 2022
Perhaps we should eliminate all deductions and credits; and also reduce tax rates.
Post: Tax Shelter
Link to comment from June 20, 2022
A very nice article, Mr. Grossman. I especially liked the section about someone trying to impress by telling you the school they attended. We all know someone like that.
Post: Telling Stories
Link to comment from June 20, 2022
Thanks for the perspective on market timing. It helps reinforce why it is so important to stay invested.
Post: Off the Treadmill
Link to comment from June 18, 2022