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Re: POLL: If Eligible For Social Security .....

I'm eligible in 3 months but "plan" to file at 70 and take spousal at 66. My wife will retire and take hers at 62 next year. I'd be interested to hear from those on this thread who are already taking their benefit to see if they would have done it differently in hindsight. Cheese Breath a...
by 2beachcombers
Mon Apr 21, 2014 2:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: If Eligible For Social Security .....
Replies: 71
Views: 3098

Re: Blog:William Bernstein’s Coward’s Portfolio

Ida and I have been very happy campers--will stick to Manifesto.

And I thought I was not a coward--------- 69 and 70% equities

jerry
by 2beachcombers
Mon Apr 21, 2014 2:22 pm
 
Forum: Investing - Theory, News & General
Topic: Blog:William Bernstein’s Coward’s Portfolio
Replies: 30
Views: 4503

Re: Laid off today... TODO list?

Laid off once. 2 months later had job at 2.5X salary :sharebeer

jerry
by 2beachcombers
Tue Apr 15, 2014 2:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Laid off today... TODO list?
Replies: 97
Views: 9678

Re: deferred comp plans

7 yrs before I retired I put 50% in a DC plan. Payout 15 yrs--retired at 55. +15 yrs = RMD payouts

Tax rate working 40% now in retirement 25%

Allowed me to delay SS to 70 and convert several 100k IRAs to Roths pre SS. Have also been able to control Marginal tax rate with this plan.

jerry
by 2beachcombers
Tue Apr 15, 2014 1:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: deferred comp plans
Replies: 20
Views: 1438

Re: Anyone use Fidelity as their bank account?

sunspotzsz wrote:Fidelity offers best banking service.

no minimal balance, 2% credit card, no atm fee anywhere in the world, free in&out ach....



+1 and have be with fido for 30 yrs
by 2beachcombers
Tue Apr 15, 2014 1:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone use Fidelity as their bank account?
Replies: 27
Views: 1758

Re: First post - retirement questions

Examine all the SS options--your husband can also draw spousal based on your record when he is 66. Also, depending on the difference in the two values of SS between you two, it may also be better if you want to start at 62. our case wife started at 62, I started on her spousal at 66(waiting for 70),...
by 2beachcombers
Wed Apr 09, 2014 10:11 am
 
Forum: Investing - Help with Personal Investments
Topic: First post - retirement questions
Replies: 6
Views: 1085

Re: Anyone been to Budapest?

Go to an opera--you will be pleased at the attendance of the youth couples and their dress and behavior. Reminded me of the US 50 yrs ago. On the river's east seawall there is a monument of the shoes left behind--know the story Find a restaurant with cabaret entertainment The subway is clean and exc...
by 2beachcombers
Sun Apr 06, 2014 10:52 am
 
Forum: Personal Consumer Issues
Topic: Anyone been to Budapest?
Replies: 28
Views: 2038

Re: Social Security question

Thanks for the reply. I would collect $2400/m now if I apply. My wife would collect $1086/m (FRA $1410), which would be reduced because of her current salary. All the current advise is for her to collect (62yr) and me to file a restricted application and wait till 70 to collect. I wish there was a ...
by 2beachcombers
Thu Mar 13, 2014 11:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Social Security question
Replies: 8
Views: 992

Re: Meeting with Fidelity [Financial Advisor]

TT=turboTax They have Estate Planners that will give you a very detailed analysis of your $$ jerry Thanks. Need for ask about free Turbo Tax. I just paid around $70 for TT at CostCo. They never offered. Perhaps you are on the high end of PC and I'm on the low end. I was once told you get free ticke...
by 2beachcombers
Fri Mar 07, 2014 4:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Meeting with Fidelity [Financial Advisor]
Replies: 42
Views: 3947

Re: Meeting with Fidelity [Financial Advisor]

Stuck with FIDO due to excellent web site and 24/7 customer service, bill pay, AMEX 2% auto return, their Retirement Planner, private conference calls with experts, Roth conversion advice, free TT desktop, Estate Planning--every 3 yrs(free) and ability to manage 4 other family accounts from my desk...
by 2beachcombers
Fri Mar 07, 2014 10:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Meeting with Fidelity [Financial Advisor]
Replies: 42
Views: 3947

Re: LifeLock

I purchased it after a break-in. I like the 1M$ insurance for 100$/yr and if fraud it will be covered by Lifelock

jerry
by 2beachcombers
Thu Mar 06, 2014 4:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: LifeLock
Replies: 6
Views: 650

Re: Meeting with Fidelity [Financial Advisor]

This thread contains some misinformation. I've been a Fidelity customer since 1994. I'm not retired, but I do know a few things about Fidelity. Trading Platforms: There really are only three available at Fidelity: 1) Their basic browser-based web interface; 2) Active-Trader Pro (only available to t...
by 2beachcombers
Thu Mar 06, 2014 4:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Meeting with Fidelity [Financial Advisor]
Replies: 42
Views: 3947

Re: How Many Funds Do You Have in Taxable?

fstvx, spartan total mkt(er-6bp)
fusvx, spartan S&P(er-5bp)
fsivx, spartan international(er-12bp)
fpmax, spartan emerging(er-20bp)

Reits, bonds,( value, small--US and int each) in deferred

jerry
by 2beachcombers
Wed Mar 05, 2014 5:32 pm
 
Forum: Investing - Theory, News & General
Topic: How Many Funds Do You Have in Taxable?
Replies: 97
Views: 4900

Re: What's your usual retirement day like ?

My wife asked me this morning what I was going to today. I said "nothing." She said, "isn't that what you did yesterday?" "Sure", I responded, "but I didn't get it all done." One shouldn't feel guilty about doing nothing as long it involves people, nature, he...
by 2beachcombers
Mon Feb 24, 2014 5:43 pm
 
Forum: Personal Consumer Issues
Topic: What's your usual retirement day like ?
Replies: 180
Views: 19566

Re: 2013 TurboTax: Which Product? New Rules?

Mr. Meighan, I wanted to let you (and by proxy Intuit/TurboTax) know that I have switched from TurboTax to TaxAct this year. I did so for two reasons: 1) I do not need any help in entering stock sales so having to purchase the Premiere version for this seems absurd. 2) After realizing that I didn't...
by 2beachcombers
Thu Feb 20, 2014 9:50 am
 
Forum: Personal Finance (Not Investing)
Topic: 2013 TurboTax: Which Product? New Rules?
Replies: 302
Views: 28923

Re: Help with asset allocation and new to taxable investing

I've had most of my money sitting in a lazy portfolio for the last couple years which has been fine, but my retirement savings has gone up significantly and I'm about to invest in a taxable account for the first time so have been working on a new asset allocation. Here's my info: Emergency Fund: Ye...
by 2beachcombers
Tue Feb 18, 2014 10:58 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with asset allocation and new to taxable investing
Replies: 6
Views: 807

Re: About to Retire

converting to Roths also reduce your RMDs--so many runs are necessary with different conversion amounts. http://www.bogleheads.org/wiki/Roth_IRA_conversion --study this--the WIKI is full of GOLD. One year I made 3 conversions of equal amounts in different investments--recharacterized the two with th...
by 2beachcombers
Mon Feb 17, 2014 1:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: About to Retire
Replies: 13
Views: 1763

Re: About to Retire

You can have both a roth IRA and a traditional IRA. Many people work on converting money from the traditional to the roth in the lower income years before RMDs kick in. People try to fully utilize the 0 and 15% tax brackets for conversations. That helps minimize your RMDs. If you expect to be above...
by 2beachcombers
Mon Feb 17, 2014 12:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: About to Retire
Replies: 13
Views: 1763

Re: Turbo Tax/Tax Act - Basic version

Forgive me for asking this naive question. This is the first time I am doing my own taxes using Turbo Tax or Tax Act (can't decide which one I should go with). I only have W2, 1099-INT and 1099-DIV to be taken care of. tIRA and standard deductions, no mortgage, kids etc. Do I really need anything o...
by 2beachcombers
Thu Feb 06, 2014 11:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax/Tax Act - Basic version
Replies: 21
Views: 1215

Re: Bonds - Throw it all on the table!!!

Bogleheads there have been many excellent threads over the last couple of weeks related to bonds. I started a couple with polls and the results were excellent. Often a poll is limited, needs more options, etc. I would like to try an open ended thread on your personal bond strategy. 1) List the bond...
by 2beachcombers
Mon Feb 03, 2014 7:59 pm
 
Forum: Investing - Theory, News & General
Topic: Bonds - Throw it all on the table!!!
Replies: 84
Views: 7463

Re: Prenuptial Agreement

My uncle is getting married and is bringing in substantially more assets than his fiancé. Is a prenuptial agreement a good idea? Yes. A difference in pre-marriage assets is the best reason for a pre-nup. It's basically an insurance policy, you hope it will never be necessary but if it is you'll be ...
by 2beachcombers
Mon Feb 03, 2014 7:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Prenuptial Agreement
Replies: 34
Views: 3101

Re: 2013 TurboTax: Which Product? New Rules?

Kevin... Thanks for your thorough and thoughtful response. My response was removed by the admin because it was not in response to a factual error. Nevertheless, your response is much better than mine. My effort to provide meaningful responses to questions posted here is quite frustrating. Bob Meigh...
by 2beachcombers
Wed Jan 29, 2014 11:59 am
 
Forum: Personal Finance (Not Investing)
Topic: 2013 TurboTax: Which Product? New Rules?
Replies: 302
Views: 28923

Re: Optimal location for investments - 401k/Roth/taxable?

I'm probably missing something basic, but why would you want your most tax-inefficient funds in 401ks etc vs Roth IRA and similar (steps 1 and 2, respectively)? Aren't those two slots functionally the same in terms of taxes? You're not missing anything -- the Roth and tax-deferred are functionally ...
by 2beachcombers
Mon Jan 20, 2014 6:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Optimal location for investments - 401k/Roth/taxable?
Replies: 21
Views: 1339

Re: Optimal location for investments - 401k/Roth/taxable?

Thanks to both of you for the guidance! Based on your comments, it sounds as though a good priority order for the funds might be: 1 [best for taxable]) VXF (Vanguard Extended Market ETF) = Fido extended mkt has too many non quals--put in deferre d 2) VUG (Vanguard Growth ETF)-----------------------...
by 2beachcombers
Mon Jan 20, 2014 2:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: Optimal location for investments - 401k/Roth/taxable?
Replies: 21
Views: 1339

Re: Optimal location for investments - 401k/Roth/taxable?

This is how I am invested. Note--90% of these investments are for heirs and charity-and hence have a 20yr+ time horrizon. 110% income needs from pensions and SS. 1 Research the international funds for Non Qualified dividends. I originally had some internationals--VSS, VWO, and FSivx(fido internation...
by 2beachcombers
Mon Jan 20, 2014 11:17 am
 
Forum: Investing - Help with Personal Investments
Topic: Optimal location for investments - 401k/Roth/taxable?
Replies: 21
Views: 1339

Re: Good/ enjoy math, but dislike programming: College major

Engineering Degree = Job :happy I am a retired Chemical Engineer. Grew into management and consulting to make bucks. :moneybag :moneybag I enjoyed math. If I became a math teacher, I would be in jail for killing a student. :twisted: Never used the DQ, calculus, programming I took in college. :annoyed
by 2beachcombers
Wed Jan 15, 2014 5:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Good/ enjoy math, but dislike programming: College major?
Replies: 65
Views: 3210

Re: Best Boglehead lesson

DIY After years of paying $$ to the "experts, I was lucky that my introduction to the Boglehead forum coincided 2 yrs of reading and with a desire to manage the $$ myself. The forum gave me a way to test my thoughts and get various answers that always ended in the correct way to go. After 5 yr ...
by 2beachcombers
Wed Jan 15, 2014 4:55 pm
 
Forum: Investing - Theory, News & General
Topic: Best Boglehead lesson
Replies: 74
Views: 5154

Re: Do you invest in a taxable account?

I have had savings or investments dating back prior to the beginning of IRAs. Over the years I have added to my taxable accounts, to the extent that I couldn't contribute to a tax deferred account. Now that I'm retired I add excess retirement income to taxable accounts. Except for a small reserve, ...
by 2beachcombers
Mon Jan 13, 2014 4:45 pm
 
Forum: Investing - Theory, News & General
Topic: Do you invest in a taxable account?
Replies: 111
Views: 7197

Re: family loan

Our kids are having a much toughter time than we did. I think i made a 2M$ profit on the 6,7 houses i sold. And put the $$ in 100% equities for 40 yrs :D :D :D Yeah, sounds like life is pretty tough for her. Daughter is Sr Exec with 270k salary. Have you lived with someone you despise ? Have you ev...
by 2beachcombers
Sun Dec 29, 2013 12:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: family loan
Replies: 22
Views: 1047

Re: family loan

sscritic wrote:He said he didn't want the interest income because of taxes. I don't think he wants rental income because of taxes, but I am just guessing. Actually, I am not guessing. I am trying to draw a logical conclusion from the evidence presented.


You know me

thanks :sharebeer
by 2beachcombers
Sat Dec 28, 2013 10:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: family loan
Replies: 22
Views: 1047

Re: family loan

tigermilk wrote:Family loan = generally a very, very bad idea

If you go through, loan up to the amount that you'd feel comfortable never getting back. Seriously.


I am comfortable on several levels--don't need the $$; faith in my special daughter; very happy I can afford this gift
by 2beachcombers
Sat Dec 28, 2013 10:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: family loan
Replies: 22
Views: 1047

Re: family loan

Term of loan in years Available Current AFRs Current Short Term AFRs for instruments having a term of three (3) years or less. Current Mid Term AFRs for instruments having a term in excess of three (3) years but no greater than nine (9) years. Current Long Term AFRs for instruments having a term in...
by 2beachcombers
Sat Dec 28, 2013 7:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: family loan
Replies: 22
Views: 1047

Re: family loan

[quote="jimb_fromATL"]The best way to help her is probably just to give her enough money every year to help her make the house payments. In fact, under most circumstances that I can imagine where you would have a spare $375K to loan to her, it would be far cheaper to just give her money ev...
by 2beachcombers
Sat Dec 28, 2013 7:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: family loan
Replies: 22
Views: 1047

Re: family loan

[quote="jimb_fromATL"]The best way to help her is probably just to give her enough money every year to help her make the house payments. In fact, under most circumstances that I can imagine where you would have a spare $375K to loan to her, it would be far cheaper to just give her money ev...
by 2beachcombers
Sat Dec 28, 2013 7:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: family loan
Replies: 22
Views: 1047

Re: family loan

If she is single or the sole owner of the house, why not just pay the amount directly and not even have it as a loan. Or if you must, give the loan but forgive the interest every year. If she has a partner who will benefit from half of it, absolutely have a formal loan. Collect the interest but som...
by 2beachcombers
Sat Dec 28, 2013 4:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: family loan
Replies: 22
Views: 1047

Re: family loan

P.S. Guess how I found it. Will guess first--you put family loan in the search box above? Now I will check out you next article and return jerry No. That google only searches bogleheads. I use the real google. :) I actually searched for applicable federal rate family loans as I wanted the article a...
by 2beachcombers
Sat Dec 28, 2013 3:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: family loan
Replies: 22
Views: 1047

Re: family loan

Google Applicable Federal Rate. Interest on loans should not be less than the AFR for the loan to be considered a taxable event and not a gift by the IRS. I know you want it to be a gift, but if you want to be really clean, you can charge an appropriate interest and give back that plus an extra $50...
by 2beachcombers
Sat Dec 28, 2013 3:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: family loan
Replies: 22
Views: 1047

Re: family loan

Wow , my two engineering degrees haven't allowed me to understand what the IRS doc you sent me wants for inputs. :confused

Maybe it would be easier/simpler to just buy the house and gift one time to her to eliminate$$ back and forth and the taxes?
by 2beachcombers
Sat Dec 28, 2013 2:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: family loan
Replies: 22
Views: 1047

family loan

I am making a loan to my daughter for a house.

I plan on gifting any interest due.

What is the best way to document the loan and specify the interest = annual gift? And avoid IRS issues?

jerry
by 2beachcombers
Sat Dec 28, 2013 2:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: family loan
Replies: 22
Views: 1047

Re: Emerging Markets Small Cap ETF (EEMS)

Since I do not want taxable income(especially NQDI), I have moved int small and Emerging what ever to deferred.
Last year I was hit with 51% nonquals in VSS and 43% in VWO
jerry
by 2beachcombers
Thu Dec 26, 2013 3:19 pm
 
Forum: Investing - Theory, News & General
Topic: Emerging Markets Small Cap ETF (EEMS)
Replies: 34
Views: 3859

Re: Emerging Markets Small Cap ETF (EEMS)

I switched last year to VSS +Fpmax(20bp) and put in deferred to avoid NQDIs. :happy
by 2beachcombers
Thu Dec 26, 2013 12:38 pm
 
Forum: Investing - Theory, News & General
Topic: Emerging Markets Small Cap ETF (EEMS)
Replies: 34
Views: 3859

Re: Retiree Poll: Change in Portfolio Value

If mine's not going down, I'm not spending enough. +1 I have been giving it away, doubled my vacation $, filled the gchildren's 529's, charity----and now in competition with wife to see who can spend the most. :happy Problem is we have been so frugal our entire lives--can't seem to buy something we...
by 2beachcombers
Thu Nov 28, 2013 11:39 am
 
Forum: Investing - Theory, News & General
Topic: Retiree Poll: Change in Portfolio Value
Replies: 28
Views: 2095

Re: Retiree Poll: Change in Portfolio Value

retired in 2000--portfolio is 3x larger--half from equity growth and half from sale of vacation home(invested in mkt in 2007)(mkt timing=luck)

jerry :sharebeer
by 2beachcombers
Thu Nov 28, 2013 10:25 am
 
Forum: Investing - Theory, News & General
Topic: Retiree Poll: Change in Portfolio Value
Replies: 28
Views: 2095

Re: Deferred Comp end of life

TomatoTomahto wrote:Jerry, I'm reminded of the old Doonesbury cartoon where the reporters try to interrupt the Senator at his press conference, with "A verb, Senator, we need a verb!"


I'm an engineer and have never needed one :D
by 2beachcombers
Tue Nov 26, 2013 5:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Deferred Comp end of life
Replies: 4
Views: 421

Deferred Comp end of life

Have 2.5 yrs of deferred comp remaining. Seeking recommendation to gain a little and avoid a big hit. Prime consideration is to avoid bond 10-20% hit. $$ taken automatically/quarter. $s are less than 10% of my needs and if I lost half would not affect my lifestyle. SS kicks in at 70 YO in 1.5 yrs. C...
by 2beachcombers
Tue Nov 26, 2013 5:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Deferred Comp end of life
Replies: 4
Views: 421

Re: Share the (real) ways you do financial arithmetic mental

[ I also have no interest in the exact answer. Actually, I prefer a different question. I want to know both fees. If the difference is $257.93, is that $2347.26 vs $2695.19 (excuse me if my addition is not precise) or $23.12 vs $281.05 (same caveat). Or rather, is it $300 above $2000 or $300 above ...
by 2beachcombers
Tue Nov 26, 2013 4:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Share the (real) ways you do financial arithmetic mentally
Replies: 48
Views: 2181

Re: Bill Bernstein: "Take risk off the table"

IPS changed from 80/20 to 70/30(80% of $$ for heirs). Working hard to get IDA down to 50/50(in 5-10yrs).

Was 100% equities until I joined this forum.

PS--WBERN--any changes to IDAs asset location and percentagees??--She has been great for me. 8-)

jerry
by 2beachcombers
Tue Nov 26, 2013 4:27 pm
 
Forum: Investing - Theory, News & General
Topic: Bill Bernstein: "Take risk off the table"
Replies: 207
Views: 17033

Re: Share the (real) ways you do financial arithmetic mental

How many dollars a year is the difference in expenses on a $300,000 investment in two ETFs with expense ratios of 0.16% and 0.09%? Estimates and round numbers, of course, but perhaps I missed your point and just responding to your example, anybody here would choose .09% ETF. I don't care about the ...
by 2beachcombers
Tue Nov 26, 2013 12:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Share the (real) ways you do financial arithmetic mentally
Replies: 48
Views: 2181

Re: Won the Game-Seeking recommendations on AA

[i]Any thoughts on LQD in ROTHS and total bond in IRAs I have no special thoughts on these. We still have a smidgeon of BIV (similar to LQD?) in IRAs and lots of total bond in a 401(k). I use VCSH (short-term corporate bond index) for about 25% of my bond assets since I prefer something with shorte...
by 2beachcombers
Sun Nov 03, 2013 10:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Won the Game-Seeking recommendations on AA
Replies: 13
Views: 1523
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