FREE NEWSLETTER
If you could go back to 5 years before you retired, what’s the one decision you’d change that would have made the biggest difference in your first 1–3 years of retirement and what do you wish you’d done sooner? Examples:
When to claim Social Security?
How you structured withdrawals/taxes
Whether you carried a mortgage?
Where you lived?
How you planned for healthcare/long-term care?
thanks,
Jeff
I would have started reading HumbleDollar sooner.
Sorry about my mistake about the post above. My laptop was dying and doing some crazy things.
If we have understood what was coming for us after we turned 65 with IRMAA & 2 years look back, we would not have done 3 mega Roth conversions, and were hit with 3 highest tier IRMAA years. We would had done much smaller Roth conversion ladder instead. That 3 years hit were almost as bad as the sequence risk for our early unplanned retirement years.
I would have hired our financial advisor at that time-5 years out-rather than 1 year before retirement.
I agree with Dan. I have been very happy with my retirement. I also hear Richard on Roth conversions, but Roth IRAs, never mind 401ks, didn’t exist until two years before I retired. Also, I’m not sure my income once I retired was often low enough for conversions to make sense.