Pains & Struggles of Investing

OneEyedDiva said:
I agree. Most of my investments are in IRAs. 68% are in Roths and 11% in a Traditional account (which I don't pay taxes on either because my RMDs are direct donations to St. Jude. The only reason the remaining investments are not in IRA accounts is because I retired almost 22 years ago, so obviously could no longer contribute to those.
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nice ... since we contribute to st jude i may do it direct when it is rmd time . still to young thankfully
 

401k- Started at age 50 when company introduced it.

What will the 401k do for me if everything goes smoothly?
1. Keep me off Medicaid, hopefully. An otherwise possible destination for about 5 vulnerable yrs (age 72-77 or so)
2. A little extra spending $

Health issues, our whole lives, kept us just above poverty level.
Earning too much for welfare (which we never wanted) yet too little to cover basic needs properly (healthy food was very expensive for yrs)

RMD's will cover our Medicare & Supplement costs starting at 72 w/ my current indemnity plan -& part of our retirement pkg.
Currently my only healthcare is a 6k HDHP+ Indemnity plan.

Contribution is 5%+ 4% match to S&P 500.

$10 mo. Indemnity Plan
-1k yr dental/eye
-25k life & ad&d
-$25 doctor/specialist visits/chiropractor/pt/accupuncture
-$10-$25 labs/xrays/bloodwork
-$8/$10 meds
-$200 Ambulance/Air Rides
-$100 ER visits
$50 Cat Scans, MRI, etc
$100 day in hospital or skilled nursing facility for up to 90 days


Hopefully we'll not need more than 1.5 yrs of LTC or we're screwed. It's medicaid time.

I'll try to work, at least p/t+ until age 75
Cycling 3x a week for 1 1/2 hrs in the hills will hopefully keep us fit.
Husband is retiring soon at 62. He has health issues
 
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