Bogleheads.org

As you well know, nothing in the future is guaranteed. Your prospects look excellent for financial viability, and I suspect that if you do retire now that as time goes by you will be nimble and be able to spend less or create income opportunities as necessary. Best of luck on forging your own path f...

Can you provide some context to your situation that resulted in the fee? Do you know if they charge a fee on all account closings? Have you visited with a representative at Fidelity to determine if they will waive the fee in your situation? We are customers at both Fidelity and Vanguard and we have ...

Agree with Rupert that consultation with legal counsel is a good idea for a couple of reasons. First, consider that you may be subject to defenses like laches, waiver, and estoppel despite the contract language you cite; moreover, depending on how long your contract runs you may have statute of limi...

In TurboTax you enter the 1099-R under retirement income. I believe an indirect rollover will always be indicated as you describe on the 1099-R. TT will ask you how much of the distribution was rolled over to another retirement account. Enter all of it and it will take care of it. Perfect. I just h...

My college age daughter transferred her Roth IRA from the local bank to Vanguard. It was processed by the bank providing her a check, which she then deposited into a Vanguard Roth IRA. The paperwork on both ends clearly stated it was a transfer. She has received a 1099-R from the local bank with box...

Well, in my mid 40s when one of the kids turned 16 I gave her my car and for three years rode my bike to/from work (14 mile round trip). We live in the midwest and my temperature range when riding was a low of 4 degrees (yes it can be done with layers of microfiber) and a high of 104 degrees. Cost w...

Perhaps our experience will help you. We are 53 and the full rate premiums under my firm's BC/BS health plan are $13k for both of us ($1500 deductible per person). I recently transitioned from full time to part time and took a pretty thorough look at health insurance, since we both have pre-existing...

You have enough, and you can certainly reduce expenses and/or generate additional income outside of your investments in the future if you choose to do so. I read a quote on an early retirement site that I enjoyed in the context of reminding us that there are no guarantees in life ..... "if you ...

Re: What's your usual retirement day like ? Unread postby praxis » Sun Mar 10, 2013 8:42 am I used a few minutes of my alotted 2 hours of computer time today to scan this thread again and it dawned on me to revisit a list I have carried with me since 1972 when I lived in a tiny shack in the mountai...

Re: What's your number? Why? Postby AQ » Sat Mar 09, 2013 4:08 pm I have about 4mm but I'm not sure if that is enough, or how much more I need. 10 would be more than enough but I may never get there :happy It's fairly easy to figure out my needs and expenses but the problem is not sure how much I n...

... but I do have some vague fear that, without external motivation like a grade on a test I really need to pass to develop my career, a paycheck, etc, I would simply seek comfort in retirement. And while there's nothing wrong with that to some extent, it's clear that we need some discomfort, some ...

I have read many sources and used the Vanguard asset allocation tool and understand that AA is a personal matter with many factors to consider, but I nonetheless would appreciate any observations on our current asset allocation. We are a 53 year old couple. I have recently transitioned from my profe...

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Ask your local contacts who they recommend. Lawyers, business owners, financial advisors, and others often work with and know the local accountants (I am a lawyer and work with accountants). I would engage a CPA and not a book keeper. Local independent firms should be able to handle your work (the r...

Taylor -- Appreciate your reminder and the great assistance you and many other regular posters provide. My wife and I had an opportunity to spread some of these messages to a college financial planning class yesterday, and had an enjoyable time doing so. Happy new year to all!

We have accounts at both Fidelity and Vanguard. I am 53 and rolling over my 401k to have access to boglehead alternatives as I transition to a reduced role in my firm. 1. Does anyone have a preference for one company over the other for a 401k rollover? 2. I believe the rollover is a fairly straightf...

To adequately have dialogue on this issue more information is needed, for example: 1. What are your father's objectives? 2. Does your father intend to ever have any need for the funds, or desire to control their investment and use? If so, then neither a trust or gift seem appropriate. 3. If your fat...

Generally, my answer is yes. Our experience was that a credit card at an early age (for our children that was high school) gives the child an opportunity to learn important financial lessons in a fairly low risk environment. This was part of an overall process that involved stipends to each child tw...

Please advise on any issues you see with the following plan for maintaining health insurance coverage. Thanks. -- On January 1, 2013, I will sell my minority interest in my firm and transition from full time to part time status at age 53. I will need to continue health insurance for myself and my aw...

As stated in another reply, information is power. If you haven't already done so I think you would find it valuable to prepare some spreadsheets and analyze various financial scenarios. This would include a solid and detailed understanding of your current and projected expenses, and a recognition of...

#1 ... we have always had a budget and enjoy spending less than what we have budgeted.

Ha. I am J295, and am currently in first place. What makes a good 3rd Quarter prognosticator? (And better yet, what good is being in first after 3 quarters, it's a 4 quarter contest). Well, my "credentials" are first business in junior high, first equity investment at age 19, finance major...

I am an experienced conservative attorney. In the typical residential closing chances are good that if you proceed without counsel all will be fine and you will never know the difference. However, there are some instances where counsel can spot issues that may prevent your from incurring or exposing...

We have an excel spreadsheet that we keep as a shared document on gmail. Thus, both my wife and I can enter expenses any time any place where we have access to gmail (which is everywhere). With all the power of excel it is very handy and very helpful.

I see your specific questions answered in the prior posts. Fyi, in our family we obtained 5 rapid rewards credit cards and each obtained 50,000 points after charging $1,000. These 250,000 points are freely transferable and are a big help to us, resulting in 12 round trip flights (total cost $350 as ...

We have accounts at Fidelity, Vanguard, and a local bank. Without question Fidelity is the choice for banking (we have been highly satisfied customers for 30+ years). Free ATM, electronic bill pay, 2% auto cash back for credit card purchases, check deposits via iphone/ipad (no need to mail the check...

At one point in my career I did a fair amount of estate planning. While there are many possible variations, here are some things to consider regarding the issues you raise: Number of Trusts created upon death -- Set this up as one trust with three separate shares (one for each child) created upon se...

Great job on your savings so far, and for setting this goal. I am 53 and am in a position to retire. It required a lifetime of saving, investing, and some good fortune along the way. The first two (saving and investing) we did the best we could, as for the third item (good fortune) I tried to make m...

I am a lawyer. What is the nature of our business and, generally, the assets being sold?

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