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Old 02-10-2016, 09:54 AM
 
Location: Loudon, TN
5,788 posts, read 4,843,885 times
Reputation: 19484

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You could park it at a storage facility.
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Old 02-10-2016, 10:10 AM
 
Location: Idaho
1,455 posts, read 1,156,701 times
Reputation: 5500
Quote:
Originally Posted by mathjak107 View Post

We hold two years withdrawals and an emergency fund in cash and that is multiple 7 figures for us but only 10% of the total portfolio
mathjak107,

Wow, you put aside multiple millions (7 figures) for emergency cash fund, and the amount is only 10% of your total portfolio (multiple 8 figures or multiple tens of millions!). What were your investment secrets? ;-)
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Old 02-10-2016, 10:27 AM
 
71,682 posts, read 71,801,099 times
Reputation: 49257
I wish ,ha ha ha i meant six figures.
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Old 02-10-2016, 11:42 AM
 
Location: Scottsdale, AZ
7,689 posts, read 4,725,286 times
Reputation: 28161
Quote:
Originally Posted by jasperhobbs View Post
I think the following are practical goals before a person can retire. It is a rather simplified plan and may not work for everyone. Just my views. I welcome others views and goals


1) Be debt free.
2) Own home
3) At least $100,000 in the bank.
4) Have as much as possible in 401K, Roth IRA and regular IRA.
5) Have retirement plans to fill void of having more free time.
We have 1 through 4 nailed down. Number 5 is turning out to be quite the challenge, since as I predicted in another thread on this subforum, my husband doesn't want to retire and doesn't want to think about what he'd do if he did.

Maybe goal 0 could be "Make sure you and your spouse are on the same page."
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Old 02-10-2016, 11:45 AM
 
Location: Scottsdale, AZ
7,689 posts, read 4,725,286 times
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Quote:
Originally Posted by TheShadow View Post
You could park it at a storage facility.
Maybe.

Around here it is impossible to find storage for an RV at any price.
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Old 02-10-2016, 12:00 PM
 
Location: Maryland Eastern Shore
969 posts, read 2,520,584 times
Reputation: 933
Quote:
Originally Posted by mathjak107 View Post

My insurance and my wifes medicare and fplan plus our ltc insurance run 18k a year in after tax dollars

That is ridiculous - $1500.00 a MONTH! - we shouldn't have that kind of expense
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Old 02-10-2016, 12:05 PM
 
Location: Forests of Maine
30,687 posts, read 49,469,539 times
Reputation: 19134
Quote:
Originally Posted by Grasonville View Post
That is ridiculous - $1500.00 a MONTH! - we shouldn't have that kind of expense
At that amount your discussing what some people get as their pension per month.
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Old 02-10-2016, 12:46 PM
 
71,682 posts, read 71,801,099 times
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Quote:
Originally Posted by Grasonville View Post
That is ridiculous - $1500.00 a MONTH! - we shouldn't have that kind of expense
It is actually worse for us this year since medicare looks at 2014 taxes to determine your rate. Well we were not retired in 2014 nor on medicare yet . The sale of a property that year triggered every surcharge there is. We jumped 300% for this year from 104.50 to 389.50.

We are appealing it because we were not on medicare yet and they should use 2015 taxes when filed.
if i subtract the long term care then we are paying about 12k this year for my aca plan and my wifes medicare and medigap plan
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Old 02-10-2016, 02:36 PM
 
2,444 posts, read 2,073,760 times
Reputation: 5690
I am more in favor of owning than renting as we like our country home and not sure we would like apartment/condo living.


Would like to snowbird south a few months a year and look at different places with possible relocation goal if the place suits us.
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Old 02-10-2016, 02:55 PM
 
Location: Florida
4,367 posts, read 3,706,500 times
Reputation: 4111
Quote:
Originally Posted by mathjak107 View Post
It is actually worse for us this year since medicare looks at 2014 taxes to determine your rate. Well we were not retired in 2014 nor on medicare yet . The sale of a property that year triggered every surcharge there is. We jumped 300% for this year from 104.50 to 389.50.

We are appealing it because we were not on medicare yet and they should use 2015 taxes when filed.
if i subtract the long term care then we are paying about 12k this year for my aca plan and my wifes medicare and medigap plan
You should have no problem with the appeal. I would think they just ok all the ones they get if you have a reasonable explanation. The catch is once they actually have your 2015 income tax return they will charge you the extra premium's if you go over the adjusted income level.
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