Richard:
Just curious: who was your employer?
(mine was AT&T who, over time, has been reducing or eliminating the retirement benefits that it promised its retirees)
I don't think you could use your HSA in his case:
Rules and Limitations for HSA
No Friends or Extended Relatives: You cannot use HSA funds for general relatives, siblings, or adult children who do not qualify as your tax dependents.
Agree that the Roth IRA withdrawals themselves are not taxable income, the question is about the fairness of whether or not the withdrawn amount should be included in the IRMA and SS taxability calculations.
I agree with your logic, Roth IRA withdrawals are certainly income when it is withdrawn and should be included in MAGI calculations for determining IRMA and SS taxability!
I hope that our Kaiser Permanente LA and Orange County Senior Advantage Medicare Plan doesn't ever terminate because both my wife and I absolutely love it, and we highly recommend his wonderful non-profit health care organization to everyone who lives in their service area.
Richard: This was my goal as well: "it’s 100% of the income YOU WERE ACTUALLY LIVING ON day to day before you retired." Not the gross combined income that my wife and I were earning when we retired, but instead the (now) yearly inflation-adjusted pre-tax amount that we were actually spending at retirement, which reflected the way we actually live, including our normal spending patterns, taking yearly vacation trips, etc. It has worked out very well for us after being retired now for 16 years (I retired at age 65 and my wife retired a year later at age 62).
My wife and I fit your description as we are taking our RMDs (which requires liquidating mutual funds) and spending most of the proceeds for living expenses. Our heirs will inherit the remaining mutual fund balances when we pass away, so those funds might remain invested in stock/bonds. It would interesting to know what the estimate is of how much of Boomer wealth IS invested in equities that WILL be liquidated over the next 30 years to fund retirements. Will it be large enough to negatively affect (suppress) stock prices over that period of time??
Comments
Ha-ha, good one! :-))
Post: Little luxuries
Link to comment from September 20, 2026
Richard: Just curious: who was your employer? (mine was AT&T who, over time, has been reducing or eliminating the retirement benefits that it promised its retirees)
Post: What would you do if you received this text from your child as I did this morning?
Link to comment from September 17, 2026
I don't think you could use your HSA in his case: Rules and Limitations for HSA
Post: What would you do if you received this text from your child as I did this morning?
Link to comment from September 17, 2026
Agree that the Roth IRA withdrawals themselves are not taxable income, the question is about the fairness of whether or not the withdrawn amount should be included in the IRMA and SS taxability calculations.
Post: Income taxes on retirees with Social Security
Link to comment from August 15, 2026
I agree with your logic, Roth IRA withdrawals are certainly income when it is withdrawn and should be included in MAGI calculations for determining IRMA and SS taxability!
Post: Income taxes on retirees with Social Security
Link to comment from August 15, 2026
I hope that our Kaiser Permanente LA and Orange County Senior Advantage Medicare Plan doesn't ever terminate because both my wife and I absolutely love it, and we highly recommend his wonderful non-profit health care organization to everyone who lives in their service area.
Post: Medicare Advantage Part C — Not too soon to start planning for 2027
Link to comment from August 12, 2026
Richard: This was my goal as well: "it’s 100% of the income YOU WERE ACTUALLY LIVING ON day to day before you retired." Not the gross combined income that my wife and I were earning when we retired, but instead the (now) yearly inflation-adjusted pre-tax amount that we were actually spending at retirement, which reflected the way we actually live, including our normal spending patterns, taking yearly vacation trips, etc. It has worked out very well for us after being retired now for 16 years (I retired at age 65 and my wife retired a year later at age 62).
Post: What is the right percentage?
Link to comment from August 10, 2026
My wife and I fit your description as we are taking our RMDs (which requires liquidating mutual funds) and spending most of the proceeds for living expenses. Our heirs will inherit the remaining mutual fund balances when we pass away, so those funds might remain invested in stock/bonds. It would interesting to know what the estimate is of how much of Boomer wealth IS invested in equities that WILL be liquidated over the next 30 years to fund retirements. Will it be large enough to negatively affect (suppress) stock prices over that period of time??
Post: The Market’s Unpredictability
Link to comment from June 13, 2026
I think your last paragraph is spot on!
Post: Would You Be Miserable?
Link to comment from June 9, 2026
FYI (from my youth): I LOVE Twinkies!!
Post: Would You Be Miserable?
Link to comment from June 9, 2026