Latest news with #married
Yahoo
3 days ago
- Business
- Yahoo
‘I'm tired of corporate America': My wife and I have $1.65 million. I'm 61. Can I retire already?
I'm 61 and my wife is 57. We are happily married. We have zero debt outside of her leased vehicle. We own our house outright and we pay property taxes and homeowners insurance ($5,500 and $4,500 per year, respectively). My wife has a pension as a retired teacher, but we aren't going to draw on that for some time. She spent half her 28-year career in private schools. After 14 years in public schools, her pension won't be more than $1,000 to $1,500 a month when we decide to take it. I plan to work until 80. Can I contribute to my IRA while taking RMDs? 'I have a great mortgage rate': I need $80K to buy my husband out of our home. Do I raid my $180K Roth IRA? We have $1.65 million in retirement funds. I've added $16,900 to these retirement funds in the first six months of 2025. I don't hate working, but I am tired of corporate America. My annual income is $108,000, and I earn $40,000 to $60,000 in commissions. Life doesn't suck, but it's a constant drain to sign more sales when the product is problematic and the market is mature. My annual Social Security income is projected to be about $28,000 annually. I've not figured out my wife's Social Security income. My middle son is a CFP and he, like you, doesn't believe people should take Social Security until they're full retirement age (my FRA is 67). He says that if I wait until 65 to retire, I can get $100,000 with pensions and Social Security. I'd retire at 62 just to get out of the grind, but healthcare costs prevent that. We're in pretty good health. My wife is a crossfit trail runner, and I just had a knee replaced because of my past running. Can I retire at 62 and live a comfortable life? Eager to Stop Working Related: My daughter wants a larger share of my estate than my son to compensate for unequal treatment by her father. We're all salespeople, in a way. If we're not selling a product, we're selling ourselves. Especially as workers get older, it's important to keep innovating and improving and generating ideas. With experience comes great responsibility to make that lifetime of work, well, work. You've sold me: The answer is yes. But I don't envy you having to sell a product to clients, especially if you don't really believe in it. Whether it's a timeshare or the latest kitchen appliance, it's an uphill struggle. With tariffs expected to drive up the cost of automobiles, used-car salesmen are having an easier time. Having nothing to do versus having a lot on your plate won't necessarily release you of all stress and anxiety. I'm one of those oddballs who actually likes it when Mondays roll around again — there's a time on Sunday, around 6 p.m., when I am anxious to get back to work. Your combined Social Security, when you choose to collect it, and your 401(k), coupled with your wife's pension and the fact that you don't have any mortgage payments to worry about, set you up comfortably for retirement. I did some back-of-the-envelope calculations. Let's say your wife earned $50,000 a year over the course of her career and you earned close to your current salary, and you both had $4,500 collectively in benefits ($3,000 for you and $1,500 for your wife). That's worth waiting for if you expect to live long lives. Your Social Security estimates are based on the fact that your wife will be entitled to collect up to 50% of the amount of your Social Security benefits, given that they are greater than hers. To qualify, you must be married for at least 10 years. The rules are different for survivor benefits, which you get after the person whose record is being used dies. Surviving spouses, at full retirement age or older, generally get 100% of the worker's basic benefit amount, the IRS says. People 65 and older choose their Medicare coverage every year during open enrollment season, which runs from mid-October until December. You will be able to switch between traditional Medicare to a Medicare Advantage plan during that period, enroll in or change Part D prescription drug plans and also add Medigap, a type of supplemental insurance. Medicare Advantage's open enrollment period, meanwhile, runs from Jan. 1 to March 31 every year. During that time, beneficiaries aged 65 or above can switch to another Medicare Advantage plan or ditch their Medicare Advantage plan and return to original Medicare. There are proposals to auto-enroll people in Medicare Advantage. You can read about that here. The standard monthly premium for Medicare Part B — the part of Medicare that covers doctor's visits, routine cancer screenings, home healthcare and other outpatient services — costs $185 for 2025, according to AARP, formerly the American Association of Retired Persons. There are costs associated with basic Medicare (Parts A and B). Beneficiaries are not generally required to pay a premium for Part A because they have worked for 10 or more years and had their Social Security taxes withheld. 'Part B beneficiaries with annual individual incomes greater than $106,000 will pay more than the standard premium, though how much more depends on their income,' AARP adds. 'Income-related monthly adjustments affect roughly 8% of people with Part B insurance.' The annual deductible for all Medicare Part B beneficiaries is $257 in 2025, up from $240 in 2024. 'Medicare beneficiaries typically pay 20% of the cost for each Medicare-covered service or item after they've met their deductible,' AARP adds. That's a long way of saying that waiting at least until you have Medicare is a good plan; otherwise, you could be spending upwards of $15,000 a year on health insurance, and that's $15,000 that could be making money in your 401(k). If you gave up work now, you'd be losing $200,000 or thereabouts in commissions over the next four years; that's more than millions of Americans make from their regular salaries. Your job may be trying, but all those sales you make add up to a nice lifestyle and solid retirement. Every little helps. Case in point: Your recent $16,900 contribution to your retirement fund will grow to roughly $33,200 in 10 years at a 7% annual return, while your $1.65 million will grow to a more impressive $3.1 million in 10 years at a similar return, also compounded monthly. I'm estimating your annual expenses at $75,000, if you retired at 62, taking into account your Social Security benefits and your wife's modest but very helpful pension, your $1.65 million 401(k) would last you until you're both 100 years of age. So, on paper your retirement dreams are possible. Congratulations. Now you just have to sell it to your wife. Related: My wife asked for a divorce after 21 years. She wants to buy a house with our savings, but promises to help pay my mortgage. Previous columns by Quentin Fottrell: My husband will inherit $180K. I think we should invest the money. He wants to pay off his $168K mortgage. Who's right? 'I'm at a loss': My boyfriend of nearly 10 years is naming his elderly parents as beneficiaries and giving them power of attorney. Am I right to be upset? 'We have no prenuptial agreement': Will my wife be able to take my money if I transfer it to my retirement account? . Trade Desk's stock sees its worst drop ever, and analysts wonder if Amazon is to blame Amazon documentary exposes 'neglect and pain' in many nursing homes. It's only going to get worse. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Daily Mail
01-08-2025
- Health
- Daily Mail
My new partner resents my children... should I dump him? You probably think he's so mean, says CAROLINE WEST-MEADS... but there's more going on here than first meets the eye
Q I'm a 44-year-old married woman with two children, aged ten and eight, and lately I've been struggling with a fear of ageing. While I'm grateful for my family and the life I have, my body has changed, my energy isn't what it used to be and I worry my husband no longer finds me attractive – though he hasn't said anything to make me think that. I see younger women full of confidence and beauty, and I can't help but compare myself. I want to be present for my children and enjoy this stage of life, but I feel like I'm mourning my youth. I know ageing is natural, but the loss of that sense of self is deeply unsettling. How can I find peace with getting older? I miss the confidence I once had.
Daily Mail
12-07-2025
- Entertainment
- Daily Mail
Lindsie Chrisley sparks marriage rumors with Instagram name change and loved-up photos in a white dress
Lindsie Chrisley is sparking rumors she's married. The former star of Chrisley Knows Best, 35, shared a carousel of images to her Instagram account. In them, she wore a white dress from Vestique as she walked the sandy beaches of Ponte Vedra, Florida hand in hand with the mystery man. She captioned the post, 'a little preoccupied,' and added a white heart. Eagle eyed fans also noticed she changed her last name on the social media app from Chrisley to Landsman. Her new boyfriend, David Landsman, also shared pics with Lindsie and her son Carter on his Instagram. View this post on Instagram A post shared by Lindsie Landsman (@lindsiechrisley) Landsman also shared a very sappy sentiment to his Instagram Stories. 'The right person makes you fall in love three times: once with them, once with yourself, and once with life.' He added two pink hearts and a man and woman dancing emojis to his post. David's Instagram bio reads, 'Entrepreneur, Father, Christian, Dual License Expert empowering real estate agents to boost their commission with a mortgage license.' His website says, 'I can scale your real estate business and have a world-class team to support your growth goals. 'If you are a mortgage lender, real estate agent, team leader or brokerage owner, I will increase your productivity and maximize your profits.' They both posted about a weekend trip to Clemson, South Carolina where they took in a Savannah Bananas game with Lindsie's son Carter, 11. There's no word on how long Lindsie and David, who is a father himself, have been together or if they really are married. Lindsie's most recent relationship was with a man named Trent for about a year. They ended their relationship in January 2024. While Lindsie is surely happy her parents have been released from prison, earlier this year, she admitted she hadn't gone to see them since they were put behind bars. Speaking about the tense topic on an episode of her podcast, Southern Tea, in March, she revealed that she hadn't seen to her father Todd for over a year. Meanwhile, she also said she never been to visit her step-mom Julie Chrisley in the more than two years that the reality star was in prison. She candidly stated: 'The last time I visited my dad probably was … was it the beginning of last year? I can't even honestly remember. Lindsie continued: '[Nanny Faye and I] used to go together [to see my dad] when they first went [to prison]. 'It was just like, [a] more comfortable situation for both of us to go [and] stay in a hotel together. I have never been to Lexington to visit Julie.' Todd and his wife Julie were found guilty of committing tax evasion and bank fraud totaling $30 million in June 2022. Chrisley's 12-year sentence was reduced to 10 years, while his wife's seven-year sentence was cut to 14 months. She was a prisoner at Federal Medical Center Lexington in Kentucky from January 2023 until her release in June. Lindsie admitted: 'I have not seen my dad in quite some time and I have had no contact. And that's all I'm going to say for that.' Todd welcomed Lindsie and her brother, Kyle, during his first marriage to Teresa Terry and Julie adopted both of them when she and Todd wed.
Washington Post
25-06-2025
- General
- Washington Post
Still pining for my old emotional-affair partner. Hax readers give advice.
We asked readers to channel their inner Carolyn Hax and answer this question. Some of the best responses are below. Dear Carolyn: I miss my emotional-affair partner. Three years ago, I (married) was on a fellowship in another country and fell head-over-heels for another man. It never turned physical, but that's on him. I … desperately miss the emotional closeness, and I cannot let go of the desire to tell him everything.
Daily Mail
11-06-2025
- General
- Daily Mail
DEAR JANE: I fear my mother-in-law is making my kids sick by secretly violating my parenting rules
Dear Jane, I have three children — aged four, six, and 10 — and have been happily married for 12 years.
