u/Prudent-Collection32

What are the best videos out there to tell me how to use Boldin properly? It’s fairly self explanatory in many ways. But I’m having trouble understanding what it means in some charts. Like when I have enough $ with 99% chance of success and yet a bar graph showing me shortages in this or that account and what if anything to do about it. Got any video suggestions?

Edit- thanks I didn’t realize there were videos in the app itself.

I 60F wish to retire sometime this year. I have the financial ability but have some complex moving parts. Under consideration is using some Roth money to keep my MAGI low enough to get an ACA premium that works for me. But I'd need to use some Roth funds to pull it off and not touch my emergency fund. I really do not want to take withdrawals from the Roth, if possible, because it's the main vehicle to leave money to my daughter. It's far smaller than my tax deferred balance and I want to let it continue to grow, adding to it via rollovers from 65-when RMD's kick in.

So what if:  In the month I retire (lets say Nov after I've already worked most of the year), I take a 4% WD from tax deferred (staying solidly in the 22%  bracket), and put that in my HYSA or a CD ladder to cover my expenses that would have come from the Roth 60-65 (provided I have access quickly - need to call and make sure).

The idea is based on:

For first year the of ACA, MAGI is for that specific coverage year starting when you enroll (the date you are first covered?), not previous years.

Less important to me but also, for the SSI Widow benefit the earned income limits will be on a monthly basis for that first partial year of coverage ie. if you have already earned over the annual amount from work that year, it will only be determined monthly for the remainder of that year.  

Is there some obvious flaw or misunderstanding on my part about what income is looked at and when that would blow this plan up? 

Crossposted in r/FIRE

I 60F wish to retire sometime this year. I have the financial ability but have some complex moving parts. Under consideration is using some Roth money to keep my MAGI low enough to get an ACA premium that works for me. But I'd need to use some Roth funds to pull it off and not touch my emergency fund. I really do not want to take withdrawals from the Roth, if possible, because it's the main vehicle to leave money to my daughter. It's far smaller than my tax deferred balance and I want to let it continue to grow, adding to it via rollovers from 65-when RMD's kick in.

So what if:  In the month I retire (lets say Nov after I've already worked most of the year), I take a 4% WD from tax deferred (staying solidly in the 22%  bracket), and put that in my HYSA or a CD ladder to cover my expenses that would have come from the Roth 60-65 (provided I have access quickly - need to call and make sure).

The idea is based on:

For first year the of ACA, MAGI is for that specific coverage year starting when you enroll (the date you are first covered?), not previous years.

Less important to me but also, for the SSI Widow benefit the earned income limits will be on a monthly basis for that first partial year of coverage ie. if you have already earned over the annual amount from work that year, it will only be determined monthly for the remainder of that year.  

Is there some obvious flaw or misunderstanding on my part about what income is looked at and when that would blow this plan up?