4% RULE Retirement isn’t for dummies. You still have to PLAN and do MATH. If you have planned: You have SOME invested in an IRA or 401(k). If you don’t have $1.5 million there don’t feel bad. You have lots of company. The median retired couple has less than $125k invested. So, if you have $250k or more, and you …
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Tag:FinancialPlanning
GUEST POST from Don – States & Medicaid Rules
STATES AND MEDICAID RULES In a previous article (https://chia.owly.net/35121-2/) we discussed the negative issues with Traditional IRAs (401k, Keogh, SIMPLE, etc). Now we talk about some potential positives (depending on the state in which you live). Retirement is a literal minefield of negative financial possibilities. Getting old is not for the faint of heart. My wife is not strong …
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GUEST POST from Don: Talking About Money
TALKING ABOUT MONEY (This was written in April, 2023) Friday was a big day. My accountant told me how much tax I still owed for 2022. Stunned! It was a heap! Estimated tax payment for first quarter, 2023 was due by the same deadline. That was another, albeit smaller, heap. They were a heap more than expected. Monday I was rich …
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