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Re: Flights D.C. to London: Buy now or wait?

When I fly to Europe, I like to have a window seat, so that I could go to sleep and not need to get up to let someone through. When I fly from Europe and within the U.S., I like to have an aisle seat, so that I can get up and stretch. Exactly - me too. I also eat before I get on the plane flying to...
by BillyG
Sun Apr 20, 2014 7:45 pm
 
Forum: Personal Consumer Issues
Topic: Flights D.C. to London: Buy now or wait?
Replies: 37
Views: 1772

Re: Contractor not licensed but insured

You should ask to see their other jobs and speak with previous clients before you go forward. This is the best insurance YOU can have. Insurance doesn't insure you will like the job -- it is more for personal liability and you should ask to see the certificate and confirm it. A bond doesn't mean jac...
by BillyG
Fri Apr 11, 2014 4:53 pm
 
Forum: Personal Consumer Issues
Topic: Contractor not licensed but insured
Replies: 15
Views: 863

Re: Why Americans are Retiring Overseas

Really, you would rather live in Thailand than the Southern US? Absolutely. Someone in an interracial, same-sex marriage just isn't going to feel at home in the Southern US in this lifetime, I am afraid. While the LGBT rights are still not great in Thailand, I would still prefer to live there . Tha...
by BillyG
Tue Apr 08, 2014 9:07 pm
 
Forum: Personal Consumer Issues
Topic: Why Americans are Retiring Overseas
Replies: 109
Views: 9036

Re: 2014 BOGLEHEADS CONFERENCE ANNOUNCEMENT

Victoria, Of course we don't have to be limited to a diet of bullets in retirement. After you have been eating steak along time, beans taste just fine. I just don't want to drink the Kool-Aid though. :wink: See you at the conference. SGM I thought the idea was to eat beans now so we can (afford to ...
by BillyG
Fri Apr 04, 2014 4:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: 2014 BOGLEHEADS CONFERENCE ANNOUNCEMENT
Replies: 84
Views: 10911

Re: 2014 BOGLEHEADS CONFERENCE ANNOUNCEMENT

SGM wrote:I signed up for my third conference. My brother and his wife signed up again. They learned a lot from last year's conference. See you there.


I look forward to seeing you there, along with your brother and his wife! I signed my Dad up as well, and hopefully he can make it.

Billy
by BillyG
Wed Apr 02, 2014 9:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: 2014 BOGLEHEADS CONFERENCE ANNOUNCEMENT
Replies: 84
Views: 10911

Re: Saving on major renovations

This is all good advice -- I agree with Hand about Bluestar is a far better stove for cooking than Wolf, but buyers like those red Wolf handles...

Is there any way to split this renovation into stages, or are you opening all the walls?

Billy
by BillyG
Tue Apr 01, 2014 12:58 pm
 
Forum: Personal Consumer Issues
Topic: Saving on major renovations
Replies: 33
Views: 2520

Re: Written IPS strategy for next crash - Advice?

Excellent post, nisiprius.

I'll offer an analogy. OP assumes that if rebalancing is good, then over-rebalancing is better. Applying the same logic to driving, when you start to go off the road and you make a steering correction, what do you think will happen if you over-steer?

Billy
by BillyG
Tue Apr 01, 2014 12:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Written IPS strategy for next crash - Advice?
Replies: 15
Views: 1348

Re: New Friends are the Anti-Bogleheads, what to do?

My inclination would have been to say something when they brought up the investment advisor swooping into town to save them. But I would not have said anything about their spending. That's their business. Unless you can turn it into a joke like "tell me whose boat it is -- was that HIS idea?&qu...
by BillyG
Sun Mar 30, 2014 11:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: New Friends are the Anti-Bogleheads, what to do?
Replies: 93
Views: 8429

Re: Anyone been to Singapore?

+1 on the hawker stands and food courts. If you don't like seafood there are plenty of other options including very good satay. Curry laksa is a great soup without seafood. You'll find the best food in the world there -- I liked it better than the food in Penang. Also be sure to eat plenty of ripe t...
by BillyG
Mon Mar 24, 2014 4:08 pm
 
Forum: Personal Consumer Issues
Topic: Anyone been to Singapore?
Replies: 23
Views: 1726

Re: any gotchas with 401K consolidation?

I guess one other concern is the potential for a company to change its 401(k) provider and investment choices. This of course is an unknown. Having two 401(k)s available may be a way to hedge against this unknown. I had four 401(k)s and reduced this to two 401(k)s through consolidation. One of them ...
by BillyG
Wed Mar 12, 2014 4:50 am
 
Forum: Investing - Help with Personal Investments
Topic: any gotchas with 401K consolidation?
Replies: 5
Views: 608

Re: any gotchas with 401K consolidation?

If the 401(k) you're abandoning has a Stable Value fund you may want to keep it.
Billy
by BillyG
Tue Mar 11, 2014 9:55 am
 
Forum: Investing - Help with Personal Investments
Topic: any gotchas with 401K consolidation?
Replies: 5
Views: 608

Re: Attic Retrofit: Spray Foam Insulation [Updated w Images]

likegarden, polyurethane foam is different from the foam used in the 1960s. No formaldehyde. JimB, closed cell foam does not have the moisture issue under a roof; open cell foam does. You have to consider where is the air barrier, where is the insulation, and where is the vapor barrier, if any. It i...
by BillyG
Fri Feb 28, 2014 3:08 am
 
Forum: Personal Consumer Issues
Topic: Attic Retrofit: Spray Foam Insulation [Updated w Images]
Replies: 40
Views: 2984

Re: Attic Retrofit: Spray Foam Insulation [Updated w Images]

Dan, I'm a little concerned about the water stain near the gutter. When you had the roof re-done did they use something like Grace Ice & Water Shield as a peel and stick membrane along all the eaves and at the gables before they installed the shingles? Ice dams are generally caused by heat under...
by BillyG
Fri Feb 21, 2014 10:54 pm
 
Forum: Personal Consumer Issues
Topic: Attic Retrofit: Spray Foam Insulation [Updated w Images]
Replies: 40
Views: 2984

Re: Attic Insulation Retrofit: Spray Foam Insulation

I agree with frugaltype in terms of sealing the air gaps around the main duct that goes to your attic. It is good if you can seal it at the attic as well as down below where it enters the plenum or framed-in space made for it. If any of this space is adjacent to a chimney you will need to deal with ...
by BillyG
Thu Feb 20, 2014 2:08 am
 
Forum: Personal Consumer Issues
Topic: Attic Retrofit: Spray Foam Insulation [Updated w Images]
Replies: 40
Views: 2984

Re: Attic Insulation Retrofit: Spray Foam Insulation

Dan, I had this done in our home, built around 1940 in the DC area. I researched it a lot and read hundreds of articles and exchanged correspondence with building scientists and spray foam experts because I wanted to get it right. I have to say there is a lot of misinformation or more likely misunde...
by BillyG
Wed Feb 19, 2014 6:44 pm
 
Forum: Personal Consumer Issues
Topic: Attic Retrofit: Spray Foam Insulation [Updated w Images]
Replies: 40
Views: 2984

Re: Convert Traditional to Roth IRA?

Since Roth withdrawals are tax-free you want to put in whatever investment has the highest expected return. Thanks, Cherijoh. My Roth is 100% in total US stock index funds for this reason False reasoning. The wiki's page on tax-adjusted asset placement explains why. Or see this: http://thefinancebu...
by BillyG
Thu Feb 13, 2014 12:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2189

Re: Convert Traditional to Roth IRA?

Billy, You're very welcome. It was fun and educational for me. I wanted to note that the tax was wildly different depending on composition income even if Total Gross income was 90K. 30K Social Security + 60K IRA conversion/withdrawal (assume Zero basis): AGI: 85,500 Taxable Income: 64,300 Fed Tax: ...
by BillyG
Wed Feb 12, 2014 10:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2189

Re: Convert Traditional to Roth IRA?

The account is in tips. It isn't growing 5 fold (I hope::) in the next 15 year or so. Does the conversion today: pays 19k in taxes. it doubles and he takes the money out: 19k in taxes His time horizon is more than 15 years; he is 15 years from retirement, but will withdraw from the IRA (traditional...
by BillyG
Wed Feb 12, 2014 10:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2189

Re: Convert Traditional to Roth IRA?

BillyG, I would not recommend converting your wife's traditional IRA to a Roth if you need it to house your bonds. Since Roth withdrawals are tax-free you want to put in whatever investment has the highest expected return. I doubt that tips falls in that category for you. It sounds like you should ...
by BillyG
Wed Feb 12, 2014 10:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2189

Re: Convert Traditional to Roth IRA?

I ran some numbers with Taxcaster for a couple age 65 and 63 with 30K of social security income. I started with just 30K of SS income and gradually added Dividend Income to the picture. 85% of 30K would be 25,500 30K Social Security: Taxcaster Total Income = ZERO <- None of social security is added...
by BillyG
Wed Feb 12, 2014 9:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2189

Re: Convert Traditional to Roth IRA?

Bob's not my name wrote:
BillyG wrote:One of the reasons for converting to Roth instead of leaving the money in an IRA is that in retirement the Roth withdrawals won't bump up my taxable income and cause me to pay more tax on my SS like IRA withdrawals will do.
Wouldn't you be well above the SS taxation maximum?


I don't really know...
by BillyG
Wed Feb 12, 2014 6:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2189

Re: Convert Traditional to Roth IRA?

I assume Her IRA is one of the smaller accounts in the portfolio. Maybe use all of Her IRA space to hold a core bond fund to free up rebalancing space in other larger accounts like your 401k. Treat the IRA as an overflow area for 401k bonds. The IRA can be "set and forget" and all rebalan...
by BillyG
Wed Feb 12, 2014 5:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2189

Re: Convert Traditional to Roth IRA?

To me there are too many benefits to a Roth IRA to ignore. No RMDs. The distribution does not enter into the calculation to determine if social security is taxable. Tax free income. Why pass it up? I think too many folks try to predict future tax rates. We converted all Traditional IRAs over the la...
by BillyG
Wed Feb 12, 2014 2:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2189

Re: Convert Traditional to Roth IRA?

But the gains in the IRA will be taxed as income rather than as LTCG if invested in taxable space, so one of the questions is which rate will be better during our retirement. Yes but that may not be much of an issue if you hold bonds/TIPS in the IRA. The bulk of the return from bonds is from income...
by BillyG
Wed Feb 12, 2014 2:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2189

Re: Convert Traditional to Roth IRA?

While converting her IRAs is not attractive given your high tax bracket and no good way to isolate basis, you should continue to make non-deductible contributions to Her Traditional IRA. She already has basis so you may as well keep contributing and tracking basis. This will allow you to grow tax a...
by BillyG
Wed Feb 12, 2014 2:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2189

Re: Convert Traditional to Roth IRA?

Makes no sense to convert about 38k in taxable income at a combined 45% tax rate because you will pay 17k in taxes. Opportunity cost over 10 years at 7% would be 34k. Better to wait until you are in 25% or 15% bracket. You should educate yourself in how to use tax efficient investments such as qual...
by BillyG
Wed Feb 12, 2014 1:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2189

Re: Convert Traditional to Roth IRA?

Good point on deducting state taxes from federal (assuming this deduction isn't phased out somehow) ... which of course it is, thanks to the ATRA. But not entirely. To put you in the 39.6% bracket your gross income must be over $500,000, which means you should be well above the ATRA personal exempt...
by BillyG
Wed Feb 12, 2014 1:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2189

Re: Convert Traditional to Roth IRA?

On the other hand, if you are in the 39.6% tax bracket, you can probably afford to pay the tax now, just to simplify things and allow for a cleaner backdoor Roth. Note that you can still do backdoor Roth's, even if you have other traditional Roth accounts. It is just that the Roth rollover will inc...
by BillyG
Wed Feb 12, 2014 1:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2189

Re: Convert Traditional to Roth IRA?

My math on the 8th grader has them off the payroll in about 8 years, but maybe your a more generous parent than I. I didn't do the math. In rounding they teach that your answer is only valid to the place you started rounding. There are too many unknowns to make this a math based decision. We've mad...
by BillyG
Wed Feb 12, 2014 1:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2189

Re: Convert Traditional to Roth IRA?

This should be worth converting. You are in a 45% bracket now (state taxes deductible from Federal), but you will pay tax on less than half the account, so the tax rate will be 21%. It's better to pay 21% now to avoid paying 25% later, and in addition, you open the backdoor for later use. Grabiner,...
by BillyG
Tue Feb 11, 2014 11:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2189

Re: self employed solo 401k

Thanks, Spirit Rider.
This makes sense.
Billy
by BillyG
Mon Feb 10, 2014 8:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: self employed solo 401k
Replies: 19
Views: 1004

Re: self employed solo 401k

Thanks, Spirit Rider. The interest in setting up the solo 401(k) is in part to invest net profits but also to create a vehicle for rolling over the pretax portion of an IRA. (I understand Fidelity allows this but Vanguard does not in a Solo 401(k).) Is there any IRS threshold test in setting up a bu...
by BillyG
Mon Feb 10, 2014 6:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: self employed solo 401k
Replies: 19
Views: 1004

Re: self employed solo 401k

Is there a test for employment income to determine eligibility for a solo 401(k)? Can selling things on eBay or Craigslist on a small scale meet this test?

Thanks,
Billy
by BillyG
Mon Feb 10, 2014 4:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: self employed solo 401k
Replies: 19
Views: 1004

Re: Convert Traditional to Roth IRA?

I updated the first post with my expected tax bracket during retirement.
Billy
by BillyG
Mon Feb 10, 2014 11:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2189

Re: Convert Traditional to Roth IRA?

Kitcat,

These are good thoughts.

No... my wife does not have an HSA.

I do have some Roth IRA space now as a result of rolling over my pre-tax IRA money to my 401(k) and converting the after-tax to Roth.

Years ago she had a 401(k) that we unfortunately rolled over into an IRA...

Billy
by BillyG
Mon Feb 10, 2014 2:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2189

Re: Convert Traditional to Roth IRA?

I don't know what my marginal bracket will be around age 71 but it almost surely will be less than it is now, unless taxes rise a lot. I don't expect to receive a windfall between now and retirement.

There's also a possibility we'll move to a state with a lower tax rate.

Billy
by BillyG
Mon Feb 10, 2014 12:57 am
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2189

Convert Traditional to Roth IRA?

I am trying to decide whether to convert my wife's IRA to Roth so I can make annual backdoor Roth contributions/conversions on her behalf. My wife's IRA is worth $84K and it has a basis of $46K (post-tax IRA contributions). She doesn't have a 401(k) or work income that would allow us to use a 401(k)...
by BillyG
Mon Feb 10, 2014 12:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Convert Traditional to Roth IRA?
Replies: 39
Views: 2189

Re: Excess money in my Taxable Accounts

Welcome aboard! The information and advice here is second to none. There have been a number of threads on similar topics and you can search for them. Also please refer to these Wiki articles on options for Emergency Funds: http://www.bogleheads.org/wiki/Emergency_fund http://www.bogleheads.org/wiki/...
by BillyG
Fri Jan 31, 2014 7:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Excess money in my Taxable Accounts
Replies: 10
Views: 920

Re: Sleeping With Bonds!!!!!

Victoria, I'm sure international bonds is an important part of the portfolio.

now, back to our regularly scheduled program...

Billy
by BillyG
Fri Jan 31, 2014 4:24 pm
 
Forum: Investing - Theory, News & General
Topic: Sleeping With Bonds!!!!!
Replies: 74
Views: 7265

Re: Predicting bond comments

This is the best bond thread yet.

Yesterday I invested new money/rebalanced and most of it went to bonds.

Thanks to all of you who helped convince me to stay with my original AA when I raised the question in another thread.

Billy
by BillyG
Fri Jan 31, 2014 2:54 pm
 
Forum: Investing - Theory, News & General
Topic: Predicting bond comments
Replies: 29
Views: 1863

Re: "Tax Efficient Asset Management"

Thanks, Taylor. That's a good article.

My taxable account is exactly the same as Southport's. Hopefully I can continue to rebalance in my tax-deferred space (which is all mainstream index funds), but if I run out of tax deferred space that means my work income is doing well!

Billy
by BillyG
Fri Jan 31, 2014 2:48 pm
 
Forum: Investing - Theory, News & General
Topic: "Tax Efficient Asset Management"
Replies: 4
Views: 553

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

1) List the bond funds, individual bonds, CD's, etc. that you invest in VG Total Bond Admiral (or Spartan in a Fidelity Account), VG TIPS Admiral, split roughly 50/50 between Intermediate and Short Term TIPS 2) In which account what fixed income securities are held 100% in Tax-deferred 3) Allocatio...
by BillyG
Thu Jan 30, 2014 7:07 pm
 
Forum: Investing - Theory, News & General
Topic: Bonds - Throw it all on the table!!!
Replies: 84
Views: 7465

Re: TAYLOR'S UPCOMING 90th BIRTHDAY

Happy Birthday Taylor!

It was an honor for my Dad and I to meet you at BH12.

My daughter shares a birthday with you and she turns *Sweet 16* on Saturday. You already have her boundless energy and I pray she learns your wisdom!

Enjoy a good day.

Billy
by BillyG
Thu Jan 23, 2014 3:14 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Taylor's 90th Birthday
Replies: 272
Views: 12671

Re: Rebalancing, AA, and Bonds

ogd and FabLab, You guys are right, of course. Throughout this year I've made new contributions bi-monthly, mostly rebalancing into bonds. Part of the tilt in my AA is from my 2014 backdoor Roth that is 100% in Vanguard's total stock index fund. Thank you for the handholding and keeping me true to m...
by BillyG
Wed Jan 22, 2014 4:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rebalancing, AA, and Bonds
Replies: 12
Views: 761

Re: Rebalancing, AA, and Bonds

Midareff, this does help, thank you. I shifted a lot into bonds a year ago, just like you and I'm fine with that. It's easy to characterize my question as wanting to chase stock yields and dismiss it as chasing performance. I characterize it in terms of probabilities going forward without looking in...
by BillyG
Wed Jan 22, 2014 11:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Rebalancing, AA, and Bonds
Replies: 12
Views: 761

Re: Rebalancing, AA, and Bonds

That's the question I was asking myself, and that's a natural comment (chasing performance), but I think it has more to do with the general consensus that bonds aren't going to do much for several years. This is different from chasing last year's stock returns of around 30%. The probability of bonds...
by BillyG
Wed Jan 22, 2014 10:28 am
 
Forum: Investing - Help with Personal Investments
Topic: Rebalancing, AA, and Bonds
Replies: 12
Views: 761

Re: Rebalancing, AA, and Bonds

I guess I'm going through what a lot of people are thinking as far as AA. I probably would tell you to go 100% stocks at age 28 although 90% probably is plenty. My youngest daughter will be in ninth grade next year, so it will be more than 8 years before she is out of college and I can think about r...
by BillyG
Wed Jan 22, 2014 2:49 am
 
Forum: Investing - Help with Personal Investments
Topic: Rebalancing, AA, and Bonds
Replies: 12
Views: 761

Rebalancing, AA, and Bonds

I need some help with rebalancing and AA and bonds. I am 57 years old and my AA is 60/40 stocks/bonds as follows: 40% U.S. Stock Index 20% International Stock Index 30% U.S. Bond Index 10% TIPS Index (mix of intermediate and short duration funds) My portfolio has drifted to the following: 44% U.S. S...
by BillyG
Wed Jan 22, 2014 1:25 am
 
Forum: Investing - Help with Personal Investments
Topic: Rebalancing, AA, and Bonds
Replies: 12
Views: 761

Re: What do early retirees actually do in Florida?

Taylor Larimore wrote:
We won the Regatta this morning and my crew are all happy. :sharebeer

I believe a video was taken. I'll edit this post with a link to the video if it becomes available.

Best wishes.
Taylor


Congratulations! It sounds like a perfect day!

Billy
by BillyG
Sat Dec 07, 2013 11:46 pm
 
Forum: Personal Consumer Issues
Topic: What do early retirees actually do in Florida?
Replies: 238
Views: 13194

Re: What do early retirees actually do in Florida?

If you want to talk real humidity, i lived in Philly for many years, and the humidity was stifling there in the summer. Although I know what people mean by comments like this (namely the sweltering discomfort of sticky days) some may find it interesting that cities like Philadelphia are not remotel...
by BillyG
Sat Dec 07, 2013 4:15 pm
 
Forum: Personal Consumer Issues
Topic: What do early retirees actually do in Florida?
Replies: 238
Views: 13194
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