Showing 50 results of 646
I can’t wait for my wife to retire. What? Yes, I mean it. I planned ahead for retirement. I have plenty of hobbies and retirement has been the greatest. However, my wife still works. Therefore, ...
As doctors, we know people die all the time. Financially speaking, it's a massive tragedy to lose income when others are depending on it. The post What to Do If Your Doctor Spouse Dies Young appeared ...
My husband and I had an excellent retirement plan and were planning on retiring the same month. We have a vision for what that will be like and what we will do, However, I’m having mobility prob...
Hey gang, here's a first-world problem: I would like to retire in the next 3 to 4 years and live nomadically / slow-travel for a few years, staying in rented apartments across the continent and the wo...
This might seem like an odd question but I've been getting conflicting advice. Husband 71 and retired with pension and SS. I'm 65 and working full time at the moment. My full SS is 66, 10 months. My h...
Im not realy looking for advice, know I'm a part of the problem....Just wonder if any else has dealt with these feelings? I really crave alone time, at home. The peace and quiet. I tried to be mentall...
I'm a 66 y/o male who would like to retire. My spouse is 63 so she is two years away from Medicare. The thing is, we currently have excellent insurance under my employer. January 1st would open up the...
I am a male 61, wife is 53. Our marriage has consisted of traditional rolls, and very successful. She has been working for school system for 15 years as a teachers aide. I will retire before my wife. ...
I am 60 but my spouse is 38. I currently have our health insurance through my job. I plan to retire at 67. 1. When I turn 65 can I keep my employer insurance or will I be forced to take Medicare with ...
Hello all - new to the community. I am a 60 year old male in a committed relationship with my spouse. I make good money and so does she and we live in a downtown condo that has developed quite a bit o...
I’m planning on retiring sometime In 2025. I think all looks good. Wife gets nervous. Probably as much about me disrupting her routine as finances haha. Any specifics I should be asking our plan...
Since a surviving spouse gets the most flexibility and tax breaks of all possible beneficiaries (other than perhaps a charity), it seems that choosing your spouse as the beneficiary of your IRA may be...
In 2014, my wife retired from her high-stress pathology practice at age 48. She walked away for a specific reason ... Read more...
I inherited my husband's IRA retirement upon his death. I am liable for Federal taxes if I transfer this to my IIRA retirement?...
Wondering if anyone is in the same boat as I am. I turn 62 in December. Have a good job I like but my health is failing. Cardiac issues. I plan on retiring in Jan. My wife has a great job that she lov...
I am 64 but have not filed for SSI. My wife is also 64 but already filed for SSI when she was 63. My benefit will be significantly higher than hers. My question is does the benefit for her as a surviv...
I (64F) retired in December 2019 and husband (63M) shut down his business December 2023. We live in a HCOL area that is getting more crowded, higher crime and more noise and air pollution. I hate it h...
I’m a 54F who really wants to retire in two years. My partner and I have planned for retirement at age 59. He said he is okay with me retiring in 2 years-but I’m concerned he will be resen...
My spouse and I have worked in the same office for almost 15 years. We will be retiring at the same time three years from now). Has anyone been in the situation? I know people can struggle to along wi...
I've faced interesting criticism for encouraging my wife to re-enter the workforce after she left in 2015. However, it's important to clarify that she hasn't been truly retired. Instead, she has been ...
I went for a pre consultation about retiring but the rep I spoke to didn't seem knowledgeable I was a given a date of 6 months from now which didn't seem correct. I went for another consultation and t...
I am self employed and my company buys health insurance for our group. Spouse has worked for my company for a couple of years, but was on our health insurance regardless. I will be Medicare eligible 8...
I am 68 years old and have delayed taking Social Security. Spouse is 64. She doesn't qualify for benefits, so she would be receiving a portion of mine when I pass. Would there be any difference in her...
My wife is no longer working, so she has no income. She just turned 63. If she starts taking her SS now, does she get penalized for my income if we file taxes jointly? Her difference between taking at...
Here's what I'm trying to do and what I found out, but would like to confirm. I'm a U.S. citizen and permanent resident of Japan, having lived here 40 years. I live with my same sex partner of more th...
Photo credit: jb If you or someone you know has inherited an IRA from a spouse, there are several options available for handling the account. You could transfer the IRA to an inherited IRA, properly t...
I would like your opinion. I don’t plan on collecting SS until my full retirement age which is a few years from now. After that, God willing, I plan on working until I’m 70. My wife is at ...
My spouse is 8 years younger and will not be on SS for several more years. I am 65 and want to retire, but I have read that his income will deduct what I should be able to draw. How much will I be pen...
James addresses a listener's question regarding Social Security strategies in retirement. Sasha, aged 59, seeks advice on when to start collecting Social Security, considering her husband's benefits a...
In this week’s video, we’re going to talk through one of the most difficult decisions a couple can make: can they live on a single income to be able to stay at home with their kids. This u...
I am 66 and my spouse is soon to be 66. I have a 100% Va disability plus pretty good SSI. She has her SSI also. I recently retired and she has a small housecleaning job that pays a few hundred per mon...
Hello folks. Wife and I at that age we're planning to retire. Although we're pretty simple and don't live fancy, we have both worked professionally for decades and have 401k's about $1m each, we have ...
Spouse passed unexpectedly a couple weeks ago. I am 61 and utterly lost about how to handle insurance. I have never worked and do not have employer options. Should I be applying for 2023 coverage thro...
Both my wife and I are collecting SS benefits. I waited until just short of age 70 to collect. She started collecting at age 63. I receive the larger amount. When one of us passes, how is the survivin...
Hi. We are both in our mid fifties and live in Los Angeles. If I were to die tomorrow, a distinct possibility, could she make 300K last the rest of her life? She’s on permanent disability and re...
[Editor's Note: It’s less than a week until the best medical conference of the year, and even if you can’t attend the Physician Wellness and Financial Literacy Conference (WCICON23) in per...
By Dr. James M. Dahle, WCI Founder Anyone who has been around the physician financial blogosphere has probably heard someone cite the “one house, one spouse” rule of thumb. In 2015, I expa...
Wife and I are both 52. I’m currently making around $300k a year in a fairly high stress role that I hate. My wife retired 5 years ago due to health issues - she gets $36k a year for disability....
Now 11 months out and i haven’t convinced my wife. She thinks I should stay another 18 months until our kids are out of college. Apparently I need to prepare a PowerPoint and binder like I&rsquo...
I am 64 and will retire from my job in 10 months. My wife is 63 and stopped working about 5 years ago, went back to get an accounting degree, got a job that she hated and quit. That job entailed us mo...
SECURE 2.0 introduces a significant new provision for the surviving spouse of a deceased participant in an employer retirement plan. The new law enhances tax treatments for surviving spouses, especial...
I understand the basics of spousal benefits and the penalties of claiming your own benefits early. But when I have watched videos, sometimes its unclear which spouse they are talking about. Like they ...
I just retired last June after my wife twisted my arm. I’ve always feared “the market will tank as soon as I retire and start withdrawing from my funds”. Lucky me, it waited 3 months. I’m not used to ...
I am wanting to really thread the needle with our retirement plan but my wife is a bit more conservative (also three years younger than me). I’m 55 and we have over 1.3M in a variety of retirement acc...
I have have been extremely fortunate in my career as an attorney and am planning on retiring in November just before I turn 65. My wife retired last year at 63 with a fairly lucrative retirement portf...
Roger Whitney closes out his five-week Social Security series with a practical framework for married couples deciding when to claim. He explains how to coordinate benefits, avoid common mistakes, and ...
I recently sat with company HR to explore retirement so that I can choose my exact date, learn about COBRA for younger spouse, etc. I was surprised when it was recommended that I delay my retirement b...
According to our financial advisor we’ll have about $900,000 when we’re 94! I doubt we’ll live that long though. He also said we’re actually “under spending”. My husband wasn’t happy that he said that...
Once both our children began school full-time in 2024, my wife and I had more breathing room. At least six hours a day of free time. No more wrangling toddlers in the chaos of the early years. I used ...
Barring long term care needs like a nursing home, which are over the top expensive, my wife and I should be able to live well off of SS and the 4-5% we make on our portfolio. The question is what to d...