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Re: Here's another "where should I retire" thread

How about Idaho? Coeur D'Alene has beautiful lakes and mountains, and it is close to Spokane, a vibrant city with a good airport.
by Hayden
Thu Jul 24, 2014 12:20 pm
 
Forum: Personal Consumer Issues
Topic: Here's another "where should I retire" thread
Replies: 93
Views: 4044

Re: Best Coffee Maker? What do you have?

Cousinart Grind and Brew here. It grinds the beans and makes the coffee. I wake up every morning to the sound of the beans being ground. Better than an alarm clock!
by Hayden
Thu Jul 24, 2014 11:11 am
 
Forum: Personal Consumer Issues
Topic: Best Coffee Maker? What do you have?
Replies: 41
Views: 2060

Re: Vanguard Account Owners - has this happened to you?

I've been with Vanguard longer than you, and recently had a bizarre thing happen. A check showed up in my mailbox. Dividends are supposed to be deposited to my money market account, but instead they mailed me a paper check. I called my rep, she didn't know why it happened. I wonder if other folks ha...
by Hayden
Tue Jul 22, 2014 8:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Account Owners - has this happened to you?
Replies: 17
Views: 2548

Re: Help me select a streaming media device

We have Roku, Apple TV, and Chromecast. All work fine. Mainly, we watch Netflix. There are some differences in what you can get on each one, so you might want to research what you can get using each device. (E.g., Amazon Prime, specific sporting events, etc). We also take our Roku with us when we tr...
by Hayden
Mon Jul 21, 2014 10:58 am
 
Forum: Personal Consumer Issues
Topic: Help me select a streaming media device
Replies: 24
Views: 1694

Re: Just purchased a condo. Insurance question

I would contact the Board and find out what insurance the board carries. That would help you understand what coverage you require. Why not ask one of your board members this question?
by Hayden
Fri Jul 18, 2014 7:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Just purchased a condo. Insurance question
Replies: 10
Views: 901

Re: Options/guidance for a lazy person to be fit

A trainer advised me treat 6 times a day. I tried it, and the weight just came off.
I eat only fruits, vegetables, beans, nuts, seeds. (Almost) no processed foods.
But the switch to eating constantly made the difference for me.
by Hayden
Fri Jul 18, 2014 11:15 am
 
Forum: Personal Consumer Issues
Topic: Options/guidance for a lazy person to be fit
Replies: 79
Views: 5281

Re: vacation points program

I attended a timeshare vacation points program from one of the company recently. The company stated that this program is different than the usual timeshare program. You pay for certain number of points at the time of joining and then pay annual fee to be in the program. The point can be used for tr...
by Hayden
Mon Jul 14, 2014 6:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: vacation points program
Replies: 18
Views: 1552

Re: Review the 401k proposal i received

So, for a 4 employee, you as employer are paying one time $1500 and $960 per year. You can claim upto $500 for first two years for the initial setup fee. Also, did they say that match from employer can go to Roth? I have not heard of employer match in Roth until now. That would be my question of cl...
by Hayden
Mon Jul 14, 2014 6:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Review the 401k proposal i received
Replies: 10
Views: 842

Re: retirement plan setup (medical practice, consulting)

I know no one has commented yet on this, but for the benefit of anyone else who may be reading, I wanted to give an update. It seems that you cannot set up 2 different retirement plans for 2 different businesses, even if you are a w-2 of one of them and you are offering benefits to the other employ...
by Hayden
Mon Jul 14, 2014 4:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: retirement plan setup (medical practice, consulting)
Replies: 7
Views: 723

Re: Review the 401k proposal i received

So, for a 4 employee, you as employer are paying one time $1500 and $960 per year. You can claim upto $500 for first two years for the initial setup fee. Also, did they say that match from employer can go to Roth? I have not heard of employer match in Roth until now. That would be my question of cl...
by Hayden
Mon Jul 14, 2014 4:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Review the 401k proposal i received
Replies: 10
Views: 842

Re: Review the 401k proposal i received

Are you looking for maximum flexibility? If so, why not move the entry date to semi-annual: January 1 and July 1. Again, if you're looking for max. flexibility, add 1000 hours requirement to the profit sharing allocation requirement. Even if you fail the coverage test, they should have a mechanism ...
by Hayden
Mon Jul 14, 2014 4:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Review the 401k proposal i received
Replies: 10
Views: 842

Re: Review the 401k proposal i received

There are so many questions to ask. These are just off the top of my head: Do you have a plan now, or will this be your first plan? Is Paychex just the TPA? If so, who is the custodian? Does the setup fee include drafting the plan document? What if the plan document needs to be amended down the roa...
by Hayden
Mon Jul 14, 2014 3:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Review the 401k proposal i received
Replies: 10
Views: 842

Review the 401k proposal i received

My S Corp uses Paychex to process payroll. I just spoke with Paychex, and received this verbal proposal. Please let me know what you think, and have I missed anything. Safe Harbor Plan. The company matches 100% up to 3, then 50% up to 5 (4% total match). EE eligibility: employee must work 1000 hours...
by Hayden
Mon Jul 14, 2014 2:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Review the 401k proposal i received
Replies: 10
Views: 842

Re: solo 401k

This idea of funding the solo 401k from retained earnings is very interesting to me. So, if I can't do solo 401k this year because I have employees this year, I can just leave the $ in the company, and use the retained earnings to fund the solo 401k for next year. I just ran tax caster and it worke...
by Hayden
Mon Jul 14, 2014 10:59 am
 
Forum: Investing - Help with Personal Investments
Topic: solo 401k
Replies: 23
Views: 1732

Re: solo 401k

This idea of funding the solo 401k from retained earnings is very interesting to me. So, if I can't do solo 401k this year because I have employees this year, I can just leave the $ in the company, and use the retained earnings to fund the solo 401k for next year. I just ran tax caster and it worked...
by Hayden
Mon Jul 14, 2014 10:38 am
 
Forum: Investing - Help with Personal Investments
Topic: solo 401k
Replies: 23
Views: 1732

Re: Your net worth/investments when you started saving less

It hasn't happened to me yet. I'm guessing, for me at least, it will be a combination of age and net worth. Regardless of my net worth at 50, splurging is hard. From what I've observed in my friends, this is easier at 80.
by Hayden
Sun Jul 13, 2014 5:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: Your net worth/investments when you started saving less
Replies: 17
Views: 2364

Re: Merton: 401(k) retirement plans face crisis

The problem I'm having is how to operationalize this in an early retirement scenario. Let's say someone is age 50, has managed to save $10M, invested 50/50. This person has more than enough. What is the recommendation for this case? I'd love to buy an annuity and be done, but the conventional wisdom...
by Hayden
Sat Jul 12, 2014 2:43 pm
 
Forum: Investing - Theory, News & General
Topic: Merton: 401(k) retirement plans face crisis
Replies: 188
Views: 16953

Re: Karen, single, 61, $2 million.

I thought the answer was to delay SS to age 70 and live on taxable assets. Also, consider buying a SPIA at age 70 or later.

What did Edelman say?
by Hayden
Fri Jul 11, 2014 1:01 pm
 
Forum: Investing - Theory, News & General
Topic: Karen, single, 61, $2 million.
Replies: 35
Views: 3697

Re: Decorator or item-by-item provider?

I've spent a lot of time and money on window coverings, with varied results. The last time, I went to a showroom in a nearby town (not my town). Big, nice place. I asked them if they knew who was the best for installing window coverings in my town. They called the distributor who knew everyone in th...
by Hayden
Tue Jul 08, 2014 8:50 pm
 
Forum: Personal Consumer Issues
Topic: Decorator or item-by-item provider?
Replies: 2
Views: 501

Re: Which house should we buy?

Personally, I like 3.5 baths versus 2 baths. I don't like to have guests use the family bathrooms. Shorter commute is also important. How do the school systems compare?
by Hayden
Mon Jul 07, 2014 10:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Which house should we buy?
Replies: 11
Views: 1255

Re: Longevity Insurance now allowed in IRA/401k/etc.

To me, this isn't just about the math. Although I currently enjoy reading Bogleheads every day and managing my portfolio, I'm guessing I won't want to be doing that at age 90. I'm guessing that future me will prefer to have an annuity to make things simpler. Also, I don't have dependents, so that ma...
by Hayden
Wed Jul 02, 2014 11:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Longevity Insurance now allowed in IRA/401k/etc.
Replies: 97
Views: 4769

Re: Hitting "The Number" too early

I hit my number at about the same age as you. I did it by working constantly to the detriment of my health. When I hit my number, I started cutting back on the hours worked, to devote time to exercise and healthy eating. Perhaps you could cut back on work to devote more time to things that you value.
by Hayden
Wed Jul 02, 2014 11:31 am
 
Forum: Investing - Help with Personal Investments
Topic: Hitting "The Number" too early
Replies: 49
Views: 5369

Re: Hit our number, should we change our asset allocation?

This is something I've been wrestling with also. Personally, I'm at 50/50, and I've been thinking about taking stocks lower. However, all my stocks are in taxable accounts, so selling them would trigger capital gains. That's the main thing holding me back.
by Hayden
Mon Jun 30, 2014 11:00 am
 
Forum: Investing - Help with Personal Investments
Topic: Hit our number, should we change our asset allocation?
Replies: 34
Views: 2746

Re: How many Bogleheads golf?

I have a few part-time employees who are obsessive golfers. They work a few hours, then go play golf every day (or close to it). Yes, they spend a lot on golf. But, it keeps them healthy, happy, and still have income (all are past retirement age). Also, it keeps their wives happy. All in all, not so...
by Hayden
Sat Jun 28, 2014 2:50 pm
 
Forum: Personal Consumer Issues
Topic: How many Bogleheads golf?
Replies: 81
Views: 4298

Re: Paperless Statements (bank checking acct)

I switched to paperless when I started planning for retirement and extended travel. I didn't want to worry about what happened to my paper statements when I was traveling for 6 weeks. It has worked fine for me.
by Hayden
Thu Jun 26, 2014 10:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Paperless Statements (bank checking acct)
Replies: 64
Views: 3043

Re: Another SEP IRA question

SCA says you have to contribute the same dollar amount for each employee, e.g., $3/hour. Since employees have different hourly rates, this comes out to different percentages of wages. SEP says give the same % to each employee. So, that doesn't work well. There are vendors who design specific plans t...
by Hayden
Wed Jun 25, 2014 10:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Another SEP IRA question
Replies: 3
Views: 278

Re: LMP at age 50 (help with TIPS Ladder)

To the person who said "you are an idiot" and then edited it out, thanks, really, I think that's what I needed to hear. I'm not being sarcastic -- I really appreciate blunt speaking -- in my real life, i'm the "smart" one and people don't tell me when I'm wrong. The prospect of p...
by Hayden
Tue Jun 24, 2014 1:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: LMP at age 50 (help with TIPS Ladder)
Replies: 26
Views: 1576

Re: Investment Withdrawals - Behavioral Aspect

This is a huge issue for me. I plan to deal with it by purchasing SPIAs when I get older. That will give me the confidence to spend money. Wish I could buy a SPIA now, but everything I've read on Bogleheads says to wait until 70 or later.
by Hayden
Tue Jun 24, 2014 11:29 am
 
Forum: Investing - Theory, News & General
Topic: Investment Withdrawals - Behavioral Aspect
Replies: 14
Views: 967

Re: Retirement in three years?

retiring at 50 with a 4% SWR would make me extremely uncomfortable. I would suggest about 2% at that age, but, I'm very conservative.
by Hayden
Tue Jun 24, 2014 11:16 am
 
Forum: Investing - Help with Personal Investments
Topic: Retirement in three years?
Replies: 20
Views: 2235

Re: LMP at age 50 (help with TIPS Ladder)

Thank you for all the responses. Your comments and Leesbro63’s other excellent thread have really broadened my thinking on this. I’m figuring on a 1% withdrawal rate at the start (say, until age 60). I am a person who is afraid to spend; with this plan, I will give myself “permission” to spend 1% a ...
by Hayden
Tue Jun 24, 2014 11:02 am
 
Forum: Investing - Help with Personal Investments
Topic: LMP at age 50 (help with TIPS Ladder)
Replies: 26
Views: 1576

Re: LMP at age 50 (help with TIPS Ladder)

Welcome to my world. I also have a large taxable account and have the same problem. And I've discussed this before on a number of threads. This one became active again recently (I am the original poster of this thread): http://www.bogleheads.org/forum/viewtopic.php?f=10&t=106544 My own conclusi...
by Hayden
Mon Jun 23, 2014 6:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: LMP at age 50 (help with TIPS Ladder)
Replies: 26
Views: 1576

Re: LMP at age 50 (help with TIPS Ladder)

Leesbro63 wrote:You have a large taxable account. If the very inflation that TIPS are bought to protect against ever rears it's ugly head, you will have a TAXFLATION problem.


Interesting. How should I deal with that?
by Hayden
Mon Jun 23, 2014 12:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: LMP at age 50 (help with TIPS Ladder)
Replies: 26
Views: 1576

LMP at age 50 (help with TIPS Ladder)

Just finished reading Bernstein’s new book. It’s excellent; I highly recommend it. However, it (and the other books I’ve read) have focused on the 65 year old retiree. I need help figuring out how to implement this for my particular situation (early 50s). From my reading, I think these are the key p...
by Hayden
Mon Jun 23, 2014 12:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: LMP at age 50 (help with TIPS Ladder)
Replies: 26
Views: 1576

Re: Business owner retirement

I'm in the early stages of my business (real estate investing/holding company) but the aspect of automation you mention is crucial, I think, especially as you're reaching the 'winding down' stage. At the moment I only have a few properties so keeping track of everything myself is still completely d...
by Hayden
Sun Jun 22, 2014 1:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Business owner retirement
Replies: 3
Views: 392

Business owner retirement

I've been reading with interest (obsessively) all of the retirement posts here. But it seems to me the retirement question for a business owner has some additional dimensions, e.g., because of options to gradually wind down the business, and/or take the business in new directions. So, rather than hi...
by Hayden
Sun Jun 22, 2014 10:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Business owner retirement
Replies: 3
Views: 392

Re: Should I open a Sep 401k or solo 401k?

To me, the solo401k is slightly better, bit the SEP is almost as good and much less work. I think you'd be better off investing your time in your business and your education, and getting the simpler SEP. I think you'll get the biggest return for your time by investing your time in the business and e...
by Hayden
Fri Jun 20, 2014 11:23 am
 
Forum: Investing - Help with Personal Investments
Topic: Should I open a Sep 401k or solo 401k?
Replies: 4
Views: 253

Re: How to think about a real estate investment

Compare it with other uses of the capital. So, use the amount of capital you would clear (after realtor fees, etc) if you sold it.
by Hayden
Tue Jun 17, 2014 8:35 pm
 
Forum: Investing - Theory, News & General
Topic: How to think about a real estate investment
Replies: 7
Views: 980

Re: Personal Life subforum?

Can someone present a specific example of a post that would be allowed in this proposed new forum that is not allowed in the existing forums? All of the above is too vague for me to understand what we're actually debating. How about this. I strive to reduce risk in my life. That has brought me to B...
by Hayden
Tue Jun 17, 2014 8:29 pm
 
Forum: Forum Issues and Administration
Topic: Personal Life subforum?
Replies: 97
Views: 4653

Re: What Do You Eat For Snacks?

Cantaloupe
Blueberries
Avocado
Hummus (I make myself)
Tomatoes

I'm intrigued by the chocolate several people have mentioned. Are you eating a regular chocolate bar, or is there something special?
by Hayden
Tue Jun 17, 2014 7:33 pm
 
Forum: Personal Consumer Issues
Topic: What Do You Eat For Snacks?
Replies: 103
Views: 6217

Re: Made the $5 million club, but...

I am right now reading Bernsteins latest book hoping to find answers to some of these questions. I'm only half way through, but I can say its a great book. Perhaps it, and other books, will help you find some answers.
by Hayden
Mon Jun 16, 2014 7:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Made the $5 million club, but...
Replies: 43
Views: 6986

Re: Buying a new mattress and bedding

As others have commented, comparing between companies is a losing proposition. After going back and forth between companies, I finally gave up and just decided to buy from Macys (the best option where I live). Then, I spent an inordinate time lying on different mattresses. I did this on several diff...
by Hayden
Mon Jun 16, 2014 11:17 am
 
Forum: Personal Consumer Issues
Topic: Buying a new mattress and bedding
Replies: 36
Views: 2713

Re: I need a Bogleheads reminder [New home - how much to spe

I'm currently grappling with a similar issue. For me, the biggest concern is the difficulty in selling a large expensive house. Definitely an illiquid asset. In my area, large expensive homes sit on the market for years. This makes me reluctant to buy one.
by Hayden
Sat Jun 14, 2014 11:49 am
 
Forum: Personal Finance (Not Investing)
Topic: I need a Bogleheads reminder [New home - how much to spend?]
Replies: 44
Views: 2750

Re: engineers - please help with engineering school selectio

I advise students to get a broad based education, that will stand them well whatever direction their career takes. For example, back when I was in school, no one predicted what is going on in biology and computer science these days. I don't see a problem with the student taking out loans to help fin...
by Hayden
Thu Jun 12, 2014 12:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: engineers - please help with engineering school selection
Replies: 119
Views: 5253

Re: Side Business Incorporation and Retirement Plan

My recommendation for a new business owner is to focus your time and energy on growing the business. Do something simple for the retirement plan, like a SEP IRA.
by Hayden
Wed Jun 11, 2014 9:12 am
 
Forum: Personal Finance (Not Investing)
Topic: Side Business Incorporation and Retirement Plan
Replies: 1
Views: 232

Re: Elderly vacation ideas (90 y.o.)

I took a Crystal cruise and there were many people in that age group. I think that cruise line is a good option for that age group.
by Hayden
Sun Jun 08, 2014 12:01 pm
 
Forum: Personal Consumer Issues
Topic: Elderly vacation ideas (90 y.o.)
Replies: 9
Views: 1043

Re: Employee vs Independent for consulting

Thanks for the replies. This is not an IRS issue, this is what we decide upon. There is a lot of industries that pretend that's the case (hey I work in IT and have been there)... BUT it is technically an IRS determination based on a set of requirements. Thats my impression as well that many people ...
by Hayden
Sat Jun 07, 2014 11:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Employee vs Independent for consulting
Replies: 17
Views: 810

Re: Employee vs Independent for consulting

I think the IRS issue is pretty easy to deal with if you do it right. Just form a company (e.g. LLC) and have a proper contract between your company and theirs. This is not hard to do.
by Hayden
Sat Jun 07, 2014 10:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Employee vs Independent for consulting
Replies: 17
Views: 810

Re: Best arrangement for two person company (LLC, S-Corp. et

I'm bumping this because I have the same issue. Here's an additional wrinkle that you may not have thought of. Each Member is paid wages based on hours worked. Member B works very few hours so his wages are low. Now, Member B receives 50% distribution of profit. His distribution exceeds his wages, w...
by Hayden
Thu Jun 05, 2014 11:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Best arrangement for two person company (LLC, S-Corp. etc)
Replies: 7
Views: 691

Re: College & PhD vs $250k working

I have never regretted my Ph.D. But, this is absolutely not a financial decision. What I have seen (and yes, there are many exceptions to this), is that people with MS degrees make more than Ph.D.s, because the MS folks move into management positions while the Ph.D.s choose to stay in technical roles.
by Hayden
Wed Jun 04, 2014 7:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: College & PhD vs $250k working
Replies: 104
Views: 7406

Re: SEP IRA for Real Estate LLC

I was under the impression that it is very desirable to put real estate in an LLC to limit personal liability. Are you saying that it is not? Are you arguing that direct ownership is preferable? What about lawsuits? I am not a CPA, but I think what he is saying is that for real estate, you want the...
by Hayden
Tue Jun 03, 2014 9:49 am
 
Forum: Investing - Help with Personal Investments
Topic: SEP IRA for Real Estate LLC
Replies: 9
Views: 517
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