FIRE

Earlier this year, I wrote about getting started on the Roth IRA conversion ladder. The first rung has been taken. This week, I completed the first of 7 conversions. For those of you not in the know, I have some money, but it’s in all the wrong places. I’m 47 years young, 3 years retired with a modest income from various investments. The problem is, that the bigger chunk of these investments are tied up in my 401(k) (Luxury problem, I admit). Based on today’s budget, five years prior to the age of 59 (and a half), my after tax […]

Roth IRA Conversion Ladder update

 in 401(k) / FIRE / retirement by
6
Looking on my calendar on June 21st I realized, my third retirement anniversary on June 18th had come an gone. As a Financial blogger and early successful retiree that date should have been marked prominently, instead it just past by. Maybe it’s because after a while it looses it’s significance. Maybe, its because the 18th was father’s day and my mind was occupied with lovely, meaningful crafts from my children. Maybe it was because I was equally occupied, chewing on the left side of my mouth because of a filling place the day prior had gone wrong. It now turns […]

Happy Third Anniversary on Retirement, Oh and more Healthcare

 in FIRE / healthcare / retirement / Uncategorized by
6
I’ve put it off long enough now. I need to get started on the Roth IRA Conversion Ladder. It seems to be the only solution to my western world problem. The problem of having too much in my 401(k). The Roth IRA Conversion Ladder will allow me to gradually convert funds from my 401(k) to a Roth IRA, in turn, allowing me to withdraw WITHOUT PENALTY when I really need it. The catch: You need to start this at least 5 years prior to the first withdrawal. Is there such a thing as too much in a 401(k)? For most of […]

Roth IRA Conversion Ladder

 in 401(k) / FIRE / investing / retirement by
How I made 200K doing nothing 12
Sounds like a get rich quick scam, right? It’s not, it took a lot of work, sweat, patience and time before I got here, but I’m doing it nonetheless. I retired two and half years ago, haven’t worked for a single penny and today I have more money than I had the day I retired. It’s like magic (but it’s not). Doing nothing I lied, I’ve been doing something, I’ve been enjoying early retirement. I’ve found something I’m passionate about and it keeps be busy most day. What I’m not doing, and haven’t done for two and a half years, […]

How I made 200K Doing Nothing

 in Building Wealth / financial independence / FIRE / investing / millionaire / retirement by