u/Guilty_Equivalent_65

My Wife and I retire in 2027 at age 62. In retirement, we have the following income:

$5500 monthly Military Retirement

$1300 Monthly Federal Service Retirement

$1241 Monthly in Disability Pay (doesn't count for IRMAA)

My Wife and I have:

1. $700K in TSP ($400K in Roth, $300K in traditional). I currently place 25% of my $138,000 annual salary to TSP, + an employer match, but that stops when I retire in April 2027.
2. $500K in Ameriprise (all Roth) and I am in the process of moving all funds from Ameriprise to Fidelity because Ameriprise is a rip-off in so many ways (think high fees on everything)

Our current tax bracket is 24% and I've run Boldin scenarios and all pretty much have me staying in that tax bracket throughout retirement (assuming they don't change in the future).

I am trying to determine how to convert funds in the traditional bucket to Roth without triggering IRMAA penalties at 65.

Because Medicaid will look back two years at 65 (2030), that takes me to my age 63 (2028) retirement earning year.

I need to stay below the $218,000 in IRMAA bracket in 2028, so I don't role into the next higher bracket.

My income from above will total $81,600.

Am I correct in that I may convert up to $136K from traditional to Roth in both 2027 and 2028 without moving into the next highest IRMAA bracket?

Are there other options you might suggest other than the conversion?

Thanks

I retire in 2027 at age 62. In retirement I will have the following income:

$5500 monthly Military Retirement

$1300 Monthly Federal Service Retirement

$1241 Monthly in Disability Pay

My Wife and I have:

1. $650K in TSP ($350K in Roth, $300K in traditional). I currently place 25% of my $138,000 annual salary to TSP, + an employer match, but that stops when I retire in April 2027.

2. $500K in Ameriprise (all Roth) and I am in the process of moving all funds from Ameriprise to Fidelity because Ameriprise is a rip-off in so many ways (think high fees on everything)

Once the Ameriprise accounts are closed and the $500K is rolled to Fidelity, I want to continue investing throughout my retirement (~$750 per month).

1, Should I put all the $750 I can contribute based on income limits in a Fidelity Roth IRA and the remainder to a Fidelity traditional IRA in retirement?

2. What other options do you recommend continuing investing into and throughout my retirement?

Thanks

My Wife (61 YO) has a Roth IRA through her employer and she invests $1300 monthly, with a $100 employer match. The entire amount (~100K) is invested in a Vanguard 2030 targeted fund.

Because we do not plan to touch this money for at least 10-years (maybe never), I want to move this money over to VTI.

Outside of this, we have about $1.2M in my employer retirement account (65% Roth/45% traditional) which has a 75 equity/25 bond distribution, and we have ~$8500 net in monthly, pensions and will not take SS until age 65. I too am 61.

Thoughts, advice?

Has anyone used the Boldin Coaching and was it worth the $250?

I have Ameriprise and have been a client for over 30-years. I am in the middle of unwinding my relationship with them due to their high fees (yes, it took WAY too long but better late than never I suppose). Not that I really need to provide my advisor a reason for severing the relationship, but I really want to make the case for how much these fees have eroded my investing power over the years. One way to do this is to try and show my advisor just how paltry my returns have been when benchmarked against standard indices. I am having difficulty finding my rate of return net of fees and wonder if any other Ameriprise clients have been able to find this info under performance within their portal?