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Re: Home Depot Breach - zip codes revealed

I have 2 credit cards where I charged something in the last few months at one of the zip code listed Home Depots. Guess I will give the 800 numbers a call and see about changing the credit card numbers. Do you think anyone will answer or are they totally swamped? I'll let you know tomorrow.
JW
by JW Nearly Retired
Thu Sep 18, 2014 9:49 pm
 
Forum: Personal Consumer Issues
Topic: Home Depot Breach - zip codes revealed
Replies: 42
Views: 5395

Re: EJ Gadflies [Edward Jones]

You're still off a little, it is if you put $1 million in the family of American Funds, it does not all have to go into one fund. If the advisor spread $1 million across 10 American Funds (it would be stupid for one since the overlap quite a bit) but the load would be zero and every exchange within...
by JW Nearly Retired
Thu Sep 18, 2014 9:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: EJ Gadflies [Edward Jones]
Replies: 62
Views: 5438

Re: Holding Cash because Tried to time Market

Another record. Well, today, 09/18/2014 we had another record in the market and we still have a lot of investors waiting for a window of opportunity to put their cash to work by entering the market. Soon or later market timers will have the opportunity to GET in, but not today, maybe tomorrow, mayb...
by JW Nearly Retired
Thu Sep 18, 2014 8:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Holding Cash because Tried to time Market
Replies: 75
Views: 5022

Re: What's in your tax advantage accounts?

Withdrawals from Roths are tax free, so you prefer your Roth investments to grow as much as possible. Therefore one idea is to use a Roth IRA to hold funds you expect to have higher growth (such as stock funds), and traditional accounts to hold funds you expect to have lower growth (such as bonds f...
by JW Nearly Retired
Thu Sep 18, 2014 1:22 pm
 
Forum: Investing - Theory, News & General
Topic: What's in your tax advantage accounts?
Replies: 35
Views: 1892

Re: Most cost effective means of protecting physical assets

I don't understand cameras. People want to buy small cameras to hide and record the feed. What good does that do? If criminals can't see the cameras it isn't a deterrent. So what if you get robbed when not at home? You probably won't get a clear enough picture of criminal to do any good. Sometimes ...
by JW Nearly Retired
Thu Sep 18, 2014 10:56 am
 
Forum: Personal Consumer Issues
Topic: Most cost effective means of protecting physical assets
Replies: 47
Views: 3468

Re: What's in your tax advantage accounts?

401k/IRAs: bonds/TIPs/stable value and stock index funds
Roth IRAs: only stock index funds.
taxable: muni bonds(5% of portfolio fixed income), stock index funds, and a few legacy individual stocks & non-index stock mutual funds.
JW
by JW Nearly Retired
Thu Sep 18, 2014 10:36 am
 
Forum: Investing - Theory, News & General
Topic: What's in your tax advantage accounts?
Replies: 35
Views: 1892

Re: Holding Cash because Tried to time Market

I kept the 529s in stock at this point because I have the cash to pay for college right now due to my bad investing choices. I can keep the 529 going with stock and transfer to my other child if necessary. Sure, if the $135k in child one's 529 turns to half that amount at a bad time, you can pay fo...
by JW Nearly Retired
Thu Sep 18, 2014 9:17 am
 
Forum: Investing - Help with Personal Investments
Topic: Holding Cash because Tried to time Market
Replies: 75
Views: 5022

Re: Holding Cash because Tried to time Market

My Asset Allocation --35% Tax advantaged/retirement accounts (401(k)): mid six figures (contributing maximum amount per year). Moved basically to cash/conservative investments in 2009 and couldn’t reallocate due to protracted divorce. Always maxed out contributions. Recently reallocated as follows:...
by JW Nearly Retired
Wed Sep 17, 2014 9:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Holding Cash because Tried to time Market
Replies: 75
Views: 5022

Re: Help w/ Wife's Poor 401k Options

You said you are in a high tax bracket, so another bonds option is a Vanguard muni bond fund in your Vanguard taxable account.

Anyone giving specific recommendations on where to put bonds and international is going to need knowledge of the options in your other 401k & IRAs.
JW
by JW Nearly Retired
Wed Sep 17, 2014 7:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help w/ Wife's Poor 401k Options
Replies: 8
Views: 531

Re: Safe Withdrawl Rate

JW, OAG is "Old Army Guy". Have about $1,300,000 in taxable accounts. Financially speaking, how do you like retirement? WA "Old Army Guy". I recall that now. :oops: Financially, retirement is better than we anticipated.... except for taxes , which are worse. We do have a sizable...
by JW Nearly Retired
Wed Sep 17, 2014 10:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Safe Withdrawl Rate
Replies: 25
Views: 2315

Re: No taxes when selling stocks in an Inherited IRA?

blackwater wrote:
If I'm understanding this correctly, basically I can use an IRA as the perfect playground to practice buying and selling stocks without tax consequences?

Perfect playground? Yes and no.

Not being able to write off all your losses when the game is lost won't be much fun. :P
JW
by JW Nearly Retired
Wed Sep 17, 2014 10:04 am
 
Forum: Investing - Help with Personal Investments
Topic: No taxes when selling stocks in an Inherited IRA?
Replies: 12
Views: 1002

Re: Safe Withdrawl Rate

OAG No pension. Will take SS at age 70. All expenses accounted for including medical. As mentioned, cash value of whole life policy is $465,000. IMO, with $4M this looks like a very safe plan. I'd start with more equities but that's just me. Very good move to delay SS until 70. It has inflation pro...
by JW Nearly Retired
Wed Sep 17, 2014 9:39 am
 
Forum: Personal Finance (Not Investing)
Topic: Safe Withdrawl Rate
Replies: 25
Views: 2315

Re: EJ Gadflies [Edward Jones]

Fortunately I think the local EJ offices decided that everyone in my blue collar neighborhood is probably broke, and they don't call or go door-to-door here. Yeah, there is a tiny EJ office less than a mile away but never a door-to-door visit here either. Doubtful they would think we are all broke ...
by JW Nearly Retired
Wed Sep 17, 2014 9:13 am
 
Forum: Personal Finance (Not Investing)
Topic: EJ Gadflies [Edward Jones]
Replies: 62
Views: 5438

Re: Should I roll over my 58 year old mom's 401k?

For the old 401k, you won't be able to change anything unless you move the money elsewhere, and that MM fund isn't doing her very much. I think you should move it and re-invest it. Why would you say this? OP's mom appears to have been negligent leaving it all in a money market, but all she has ever...
by JW Nearly Retired
Tue Sep 16, 2014 5:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I roll over my 58 year old mom's 401k?
Replies: 19
Views: 804

Re: Should I roll over my 58 year old mom's 401k?

For the old 401k, you won't be able to change anything unless you move the money elsewhere, and that MM fund isn't doing her very much. I think you should move it and re-invest it. Why would you say this? OP's mom appears to have been negligent leaving it all in a money market, but all she has ever...
by JW Nearly Retired
Tue Sep 16, 2014 1:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Should I roll over my 58 year old mom's 401k?
Replies: 19
Views: 804

Re: Hearing aids - for those that use them

Your first exam should be from an audiologist. Get your primary MD to give you a referral, so it will be covered by your insurance. The exam results are YOURS and they will gladly give you a copy of the exam. Then....you can take your exam to different providers, Costco and Sam's Club would be my t...
by JW Nearly Retired
Mon Sep 15, 2014 9:20 pm
 
Forum: Personal Consumer Issues
Topic: Hearing aids - for those that use them
Replies: 29
Views: 1623

Re: Where to recycle old (larger) toy batteries

If these are 12v sealed lead acid (SLA) batteries they are basically miniature car batteries.

I would call auto zone and see if they would take them.
JW
by JW Nearly Retired
Sat Sep 13, 2014 1:40 pm
 
Forum: Personal Consumer Issues
Topic: Where to recycle old (larger) toy batteries
Replies: 5
Views: 224

Re: Ethics of Multi-Generational Tax Optimization

One thing to be very careful about is that even if he understands it and approves today if he declines farther he might not remember what was going on and there could be a misunderstanding about what had happened to the money. I have known several people that had to help out with managing their par...
by JW Nearly Retired
Sat Sep 13, 2014 1:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Ethics of Multi-Generational Tax Optimization
Replies: 23
Views: 1786

Re: EJ Gadflies [Edward Jones]

One other telling remark came after I explained that I had been paying over $10,000 a year to Fidelity before I discovered the damaging effect of advisory fees, and that now with Vanguard and the same AA I was paying less than $500 a year. I don't know why I bothered because he was obviously drinki...
by JW Nearly Retired
Sat Sep 13, 2014 11:24 am
 
Forum: Personal Finance (Not Investing)
Topic: EJ Gadflies [Edward Jones]
Replies: 62
Views: 5438

Re: Gifting planning for upper 60s widowed.

It would help to know what this "annual net income" is from?
by JW Nearly Retired
Fri Sep 12, 2014 8:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gifting planning for upper 60s widowed.
Replies: 19
Views: 1246

Re: IRA to Roth conversion after retirement ?

This is a relatively minor change in the balance between IRA and Roth. I anticipate that our tax rate in subsequent years would remain at 15%. Is this technique worth the trouble? Depends. If you/spouse have a fair amount of SS benefits, then $40k or $50k RMDS are going to put you into a high tax s...
by JW Nearly Retired
Fri Sep 12, 2014 8:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: IRA to Roth conversion after retirement ?
Replies: 14
Views: 1294

Re: No taxes when selling stocks in an Inherited IRA?

blackwater wrote:I just talked to a customer service rep at Fidelity who told me that I wouldn't have to pay taxes on any stocks sold at either a loss or gain in an Inherited IRA and that I only pay taxes when I withdraw from it.

Is this true?

Just to second grabiner's answer..... Yes.
JW
by JW Nearly Retired
Thu Sep 11, 2014 8:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: No taxes when selling stocks in an Inherited IRA?
Replies: 12
Views: 1002

Re: Could this retirement plan work?

The plan is to work another 5 years, vest in the pension then go to semi-retirement. I would live VERY happily on $40k/yr. But I love what I do so I want to continue working part time, maybe 10-20 hrs/wk. I could probably gross about 50-60k/yr part time. Are you planning for the extra 10% tax penal...
by JW Nearly Retired
Thu Sep 11, 2014 5:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Could this retirement plan work?
Replies: 10
Views: 886

Re: New to investing and need assistance - 401k rollover

Performance wise, the following are looking better. Kindly suggest if this is the right thing to do. Thanks for all your follow-ups. Much appreciated. INVS GRTH & INC R6 (GIFFX) - Fee 0.4% VANGUARD INST INDEX (VINIX) - Fee 0.04% VANG MIDCAP IDX INST (VMCIX) - Fee 0.08% VANG SM CAP IDX ADM (VSMA...
by JW Nearly Retired
Wed Sep 10, 2014 8:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: New to investing and need assistance - 401k rollover
Replies: 9
Views: 555

Re: How much value can an advisor add for the average invest

Of course we all know the advisor isn't going to "beat the market". But for the average investor who is completely clueless and has no desire to learn about it, they're a victim waiting to happen. In that case, wouldn't the services named above be worth the 1% AUM fee they may charge? Sim...
by JW Nearly Retired
Wed Sep 10, 2014 12:48 pm
 
Forum: Investing - Theory, News & General
Topic: How much value can an advisor add for the average investor?
Replies: 71
Views: 4371

Re: Do you keep paper copies of your investment statements?

Yep. We faithfully keep a paper copy of the annual statement of all 4 of the investments accounts we have. It's in a couple of binders in the fire safe. We have been doing this since we started investing 40 years ago. Several times it was invaluable for cost basis determinations. Heirs trying to sor...
by JW Nearly Retired
Tue Sep 09, 2014 11:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you keep paper copies of your investment statements?
Replies: 33
Views: 1890

Re: Receiving Inheritance Distribution, Move to Avoid Tax?

I'll have to ask our accountant and lawyer when I get a chance, but I'm pretty sure they would have told us that she needed to start withdrawing if that were the case. There is no doubt about the rules... they are trivial to check. http://www.irs.gov/Retirement-Plans/Plan-Participant,-Employee/Reti...
by JW Nearly Retired
Tue Sep 09, 2014 10:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Receiving Inheritance Distribution, Move to Avoid Tax?
Replies: 17
Views: 1013

Re: Medicare problem because of spousal social security?

This also happened to me when I signed up for spousal social security. If you are receiving social security, your medicare number is the number of the primary. Since you are receiving spousal SS, your wife is the primary. This is no big deal. Only the number changed, not your benefits or payments. ...
by JW Nearly Retired
Mon Sep 08, 2014 11:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicare problem because of spousal social security?
Replies: 6
Views: 943

Re: Helping Mother In-Law With Retirement Planning

She has a need for $2500/month ($30000/yr) from somewhere to supplement her projected SS of $2500/month. You must know you cannot withdraw anything like that much from a $150k nest egg. The rule of thumb is 4% per year.... that's just $6000/yr from a balance of $150k. If MIL has a normal life expec...
by JW Nearly Retired
Mon Sep 08, 2014 8:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Helping Mother In-Law With Retirement Planning
Replies: 36
Views: 2036

Re: Helping Mother In-Law With Retirement Planning

How income will she need once she is retired? How much income from pensions and social security is she expecting. If possible, the gap will have to be filled in with her savings. The composition of the investment portfolio depends on the income that is required from her portfolio. It depends. What ...
by JW Nearly Retired
Mon Sep 08, 2014 6:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Helping Mother In-Law With Retirement Planning
Replies: 36
Views: 2036

Re: Helping Mother In-Law With Retirement Planning

It depends. What is the purpose of this $150k in her overall retirement income situation? Any pension and/or Social security going to be coming in?
JW
by JW Nearly Retired
Mon Sep 08, 2014 3:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Helping Mother In-Law With Retirement Planning
Replies: 36
Views: 2036

Re: Poll: Cash Holdings

tennisplyr wrote:Please include CDs, money market, checking, savings, hard cash

4%
by JW Nearly Retired
Mon Sep 08, 2014 8:29 am
 
Forum: Investing - Theory, News & General
Topic: Poll: Cash Holdings
Replies: 65
Views: 3617

Re: Drawing down a windfall...

In a strange way, I might argue that 2014 is an improvement, at least as far as "lifestyle spending" is concerned. We're already $115K in the red YTD, but $134K of our expenses is the house project. So we are actually spending significantly less on every other category. I think there is a...
by JW Nearly Retired
Sun Sep 07, 2014 8:38 am
 
Forum: Investing - Help with Personal Investments
Topic: Drawing down a windfall...
Replies: 55
Views: 4072

Re: Drawing down a windfall...

We are now left with $2.8 million in “liquid investments”, meaning taxable investment accounts, retirement accounts, and 529 accounts. They are invested largely at Vanguard, and our overall allocation is 65% equity, 35% bonds. We have another $700K of equity in our house. We also have $1.2 million ...
by JW Nearly Retired
Sat Sep 06, 2014 3:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Drawing down a windfall...
Replies: 55
Views: 4072

Re: RMD Process

I have a single IRA with Vanguard. I have them take the RMD proportionally from all of the funds in the IRA. I have it taken late in the year (November) and have state and federal income taxes withheld. I do this proportional thing too..... but I do it early in January because I don't want to have ...
by JW Nearly Retired
Fri Sep 05, 2014 9:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: RMD Process
Replies: 13
Views: 769

Re: Help with my parent's finances

OP, Note, it's one option, but your Dad does not have to pay the SS money back. He can just suspend now and stop receiving any more payments until 70. He will lose the 2/3rds of a percent increase for those "few" months you said he has taken it, but he will still receive that boost for all...
by JW Nearly Retired
Fri Sep 05, 2014 4:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with my parent's finances
Replies: 21
Views: 1903

Re: Help with my parent's finances

Regarding retirement I think they will be okay with 90K/yr. Their SS payments were just started a few months ago, so that income is over and above what they are used to and currently not being used. Also 30% of his pre-tax salary is being put into the 401K so that is another expense that will stop ...
by JW Nearly Retired
Fri Sep 05, 2014 11:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with my parent's finances
Replies: 21
Views: 1903

Re: Market at a all time high ( Sept 2014) , time to cash ou

masni wrote: As the market is at a all time high, and bargains are hard to come by, it is time to sell?

The only time I ever took any action on such a gut feeling was in 1996. That sell move missed 3 more years of a roaring bull market. :oops:

Fortunately, I only cut our equities to 50%.
JW
by JW Nearly Retired
Fri Sep 05, 2014 10:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Market at a all time high ( Sept 2014) , time to cash out?
Replies: 49
Views: 3681

Re: Market at a all time high ( Sept 2014) , time to cash ou

Hi, As the market is at a all time high, and bargains are hard to come by, it is time to sell? Over the past 5 years, I have purchased good, solid companies that can weather a downturn and I also have enough cash / bonds for any emergencies. So the question is, should I sell some of my stock holdin...
by JW Nearly Retired
Thu Sep 04, 2014 3:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Market at a all time high ( Sept 2014) , time to cash out?
Replies: 49
Views: 3681

Re: Holding Cash because Tried to time Market

Thanks for the advice. My concern is that I'll start investing and then 2007 will happen again. I hear many well-informed analysts out there saying that the market should drop significantly in the next six months, but I've been hearing that for two years. Was originally intending to wait for antici...
by JW Nearly Retired
Thu Sep 04, 2014 3:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Holding Cash because Tried to time Market
Replies: 75
Views: 5022

Re: Did you reveal to your kids...your savings and salary

Never any specifics of salary (now retirement income) or the size of investment portfolios. We were fairly LBYM all the while they were growing up but we did always say not to worry we are doing fine. We have told them we are still fine now in our retirement and that our taxes are still nasty. They ...
by JW Nearly Retired
Thu Sep 04, 2014 12:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Did you reveal to your kids...your savings and salary
Replies: 75
Views: 6806

Re: Help with my parent's finances

Writing this up for my parents who I am trying to help re-balance their portfolio. Ages: Father 67 Mother 60 State of residence: Texas Tax filing status: Married filing jointly Debt: 15 year mortgage at 5% with a balance of $130K (house is worth $350K) Emergency funds: two months of cash Currently ...
by JW Nearly Retired
Thu Sep 04, 2014 11:51 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with my parent's finances
Replies: 21
Views: 1903

Re: 78 year old retired father

At age 78, what is the "tax advantaged space that he's got available to him." ?
JW
by JW Nearly Retired
Wed Sep 03, 2014 11:51 am
 
Forum: Personal Finance (Not Investing)
Topic: 78 year old retired father
Replies: 11
Views: 872

Re: Personal Finance advisor and 529 Help

Just in general: Commission based or fee based will both cost you a ton of money. Investment advisors/salesmen aim to earn a lot and it all comes out of the return on your assets. Actually, they get it even if your portfolio loses money. Ric Edelman is no different in any of this. Fee based usually ...
by JW Nearly Retired
Wed Sep 03, 2014 10:27 am
 
Forum: Investing - Help with Personal Investments
Topic: Personal Finance advisor and 529 Help
Replies: 7
Views: 487

Re: California residents - do you have earthquake insurance?

We live on the SF peninsula on bad ground for seismic damage (ancient bay mud). I was home and can say the house shook pretty hard during Loma Prieta, but it did come through undamaged. We did some additional seismic strengthening a few years later. Still, we expect a really big quake will knock eve...
by JW Nearly Retired
Wed Sep 03, 2014 9:50 am
 
Forum: Personal Consumer Issues
Topic: California residents - do you have earthquake insurance?
Replies: 54
Views: 3170

Re: Help: I've been chasing returns

The famous Callan periodic table of investment returns give a nice picture of how chasing performance is going to bounce your portfolio returns around. Plenty of visual examples how one years hot performer is the next years dog. http://www.callan.com/research/download/?file=periodic%2Ffree%2F757.pdf...
by JW Nearly Retired
Tue Sep 02, 2014 8:36 am
 
Forum: Investing - Help with Personal Investments
Topic: Help: I've been chasing returns
Replies: 12
Views: 1543

Re: Do I need to see my credit report?

In my opinion, you don't need to do anything. BTW, your score is higher than my score and my spouse's score. We periodically check the free credit reports but DW and I have never known our credit scores. Can you recommend the least costly way to find out what they are? JW FYI: "Under federal l...
by JW Nearly Retired
Tue Sep 02, 2014 8:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Do I need to see my credit report?
Replies: 37
Views: 1880

Re: Do I need to see my credit report?

livesoft wrote: In my opinion, you don't need to do anything. BTW, your score is higher than my score and my spouse's score.

We periodically check the free credit reports but DW and I have never known our credit scores. Can you recommend the least costly way to find out what they are?
JW
by JW Nearly Retired
Mon Sep 01, 2014 9:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do I need to see my credit report?
Replies: 37
Views: 1880

Re: Geneological research for unclaimed property

Now that you have the deceased name, address, and date of death be sure to check the county libraries near where he/she lived. You can do it by phone. The librarians are usually happy to look for and send you a copy of the newspaper obituary. That will usually give you names and relationships of al...
by JW Nearly Retired
Mon Sep 01, 2014 9:23 pm
 
Forum: Personal Consumer Issues
Topic: Geneological research for unclaimed property
Replies: 87
Views: 4620

Re: What Movie Have You [Recently] Watched?

We have recently watched a couple of Netflix sub-titled foreign movies. One was a 1997 German film "Comedian Harmonists". We were inspired to view this film by the recent Barry Manilow musical "Harmony" that we happened to see about the same 1920's/30's group. The other was anoth...
by JW Nearly Retired
Mon Sep 01, 2014 9:02 pm
 
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 105
Views: 4277
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