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Re: Retiring soon- Hoping for Comments on My Plan

Taking the 73K per year pension is a good option as long as you don't invest too conservatively and you delay SS. The SS and investments will help make up for the declining value of the pension due to inflation. Also you will not be spending all of your annuitized income so that will go into further...
by SGM
Mon Nov 24, 2014 3:42 am
 
Forum: Investing - Help with Personal Investments
Topic: Retiring soon- Hoping for Comments on My Plan
Replies: 7
Views: 1330

Re: File and Suspend timing mechanics for max benefit

I read somewhere that the least crowded day to go to an SSA office is the day after Thanksgiving. A relative just received her spousal benefit. She also received a check for the few months since she turned 66 her FRA. I think they will go back for up to the last 6 months. I plan on filing and suspen...
by SGM
Sun Nov 23, 2014 4:19 am
 
Forum: Personal Finance (Not Investing)
Topic: File and Suspend timing mechanics for max benefit
Replies: 12
Views: 1184

Re: What percent "Boglehead" are you?

I like the statement someone made at BH 13 that we were 210 people with the same philosophy and 210 different strategies. I find that I agree very much with many of Jack Bogle's statements. I follow no rules blindly. I think bogleheadism is a big tent philosophy. Self flagellation is not a worthwhil...
by SGM
Sun Nov 23, 2014 4:08 am
 
Forum: Investing - Theory, News & General
Topic: What percent "Boglehead" are you?
Replies: 112
Views: 5501

Re: Retiring within 6 months looking for some advice

I am in the camp of taking SS at 70 and spouse taking a spousal at full retirement age if you are both healthy. You may need to spend down some of your investments during the interim but SS is good in that there is a cost of living adjustment and waiting allows the monthly payment to be higher and f...
by SGM
Fri Nov 21, 2014 10:18 am
 
Forum: Investing - Help with Personal Investments
Topic: Retiring within 6 months looking for some advice
Replies: 15
Views: 2916

Re: Can I max out day job 401k and Individual 401k for side

The profit sharing component of a solo 401k would be available.
For a sole proprietorship the max at 30K of income would be $5,576.11 for an S corp $7,500. I use the site http://www.individual401kcalculator.com/ to run the numbers.
.
by SGM
Thu Nov 20, 2014 5:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Can I max out day job 401k and Individual 401k for side biz?
Replies: 7
Views: 1024

Re: Tax Planning for 2015 Roth conversion

If you have insufficient funds to pay taxes out of a taxable account then convert a smaller amount. If you have already made the conversion then consider recharacterizing part of the conversion amount. I have been converting since 2010 and would not consider a conversion if I had to pay the taxes ou...
by SGM
Tue Nov 18, 2014 8:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Tax Planning for 2015 Roth conversion
Replies: 11
Views: 1383

Re: How Not to Retire

Maybe he would have been better served by his English teacher if he had spent more time on David Copperfield and the character Micawber's statement on happiness. Pulitzer prize winning Washington Post writer knows little about economic reality until it smacks him in the face. Why am I not surprised?...
by SGM
Mon Nov 17, 2014 5:29 am
 
Forum: Personal Finance (Not Investing)
Topic: How Not to Retire
Replies: 67
Views: 6904

Re: Is "comfortable confidence" in secure retirement possibl

I [SGM] re: "The real return on cash has been negative for most of my lifetime. I consider high cash percentage to be quite risky in a 30 year retirement regardless of what any model says." I'm not sure I fully understand your point. Could you elaborate further on the "quite risky&qu...
by SGM
Wed Nov 12, 2014 5:45 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is "comfortable confidence" in secure retirement possible?
Replies: 23
Views: 3188

Re: 5500 EZ forms for 2014 required before the form is updat

Assets were paid out October 2014 and then closed.
by SGM
Wed Nov 12, 2014 5:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: 5500 EZ forms for 2014 required before the form is updated
Replies: 4
Views: 352

5500 EZ forms for 2014 required before the form is updated

I have retired and closed my solo 401k. The custodian has said that I cannot wait until July of 2015 to fill out my final 5500EZ that it must be done before the end of 2014. The IRS sent me a reminder to fill out a 5500EZ. Each year they update the forms, but the latest form available is from 2013. ...
by SGM
Wed Nov 12, 2014 10:05 am
 
Forum: Personal Finance (Not Investing)
Topic: 5500 EZ forms for 2014 required before the form is updated
Replies: 4
Views: 352

Re: Traditional IRA - Tax Question

Your withdrawals will be taxed as ordinary income. Whether you take it all out or a small amount out you will pay taxes on a percentage of the total. You won't pay taxes on the $43K. You cannot take 10k out and pay no taxes. The 8606 form is used in the calculation. I have done this every year since...
by SGM
Wed Nov 12, 2014 9:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Traditional IRA - Tax Question
Replies: 10
Views: 682

Re: Does this situation warrant an immediate annuity?

Delaying SS to 70 is the best inflation adjusted annuity she can get. If she is divorced or widowed she may qualify for a spousal benefit which she could take unreduced at her full retirement age and then take her own higher benefit at 70. She needs some source of income until she gets SS at 70 and ...
by SGM
Mon Nov 10, 2014 9:47 am
 
Forum: Investing - Help with Personal Investments
Topic: Does this situation warrant an immediate annuity?
Replies: 27
Views: 2177

Re: Master thread for Washington DC Area Bogleheads

Will there be any other topics at the 11/16 meeting? Discussion of BH13?
by SGM
Mon Nov 10, 2014 9:27 am
 
Forum: Local Chapters and Bogleheads Community
Topic: Master thread for Washington DC Area Bogleheads
Replies: 21
Views: 2598

Re: Is "comfortable confidence" in secure retirement possibl

The real return on cash has been negative for most of my lifetime. I consider high cash percentage to be quite risky in a 30 year retirement regardless of what any model says.
by SGM
Mon Nov 10, 2014 5:12 am
 
Forum: Investing - Help with Personal Investments
Topic: Is "comfortable confidence" in secure retirement possible?
Replies: 23
Views: 3188

Re: Order of withdrawal in retirement

LTCG tax will be eliminated if one inherits taxable stock as there is a stepped up basis for the recipients. You and the recipient avoid tax on $500k of LTCG. Then there is the $14k yearly gift allowance for individuals, but their is no step up in basis for gifts. The amount of taxes you will pay on...
by SGM
Sat Nov 08, 2014 6:11 am
 
Forum: Investing - Theory, News & General
Topic: Order of withdrawal in retirement
Replies: 3
Views: 837

Re: High income earners, Roth 401k y/n?; DBP y/n?

I would maximize traditional IRA and traditional 401k if you expect to be in a lower tax bracket in the future. Current law allows conversion to Roths at any income. Should you take some time off, retire, move to a low tax state or work part time then you could consider conversions to a Roth. Howeve...
by SGM
Fri Nov 07, 2014 5:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: High income earners, Roth 401k y/n?; DBP y/n?
Replies: 16
Views: 2265

Re: Is Vanguard a good place to invest?

We have had taxable and traditional IRAs at Vanguard for decades. Recently we converted a 401k at another company to aVanguard IRA. Virtually all new income has been going into Vanguard for the last 5 years. Costs are lower at Vanguard because of lower expense ratios, lower transaction costs, no sal...
by SGM
Mon Nov 03, 2014 5:52 am
 
Forum: Investing - Help with Personal Investments
Topic: Is Vanguard a good place to invest?
Replies: 59
Views: 5017

Re: How to make withdrawals during retirement

Are you including your home in your spendable assets? If so are you considering a reverse mortgage? Maybe I am reading this incorrectly but aren't your investible assets closer to 1.3 MM? You might want to convert some of your traditional IRA to Roths during the period between when you stop working ...
by SGM
Sun Nov 02, 2014 9:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to make withdrawals during retirement
Replies: 28
Views: 2251

Re: Coupons? Do you live by them?

I regularly use coupons for 40% off for art supplies and 25% for books at the local Barnes and Noble. I like going to the brick and mortar book stores before they disappear completely. Occasionally, a local restaurant will have coupons. DW uses coupons for grocery shopping. I used them recently when...
by SGM
Sat Nov 01, 2014 11:39 am
 
Forum: Personal Consumer Issues
Topic: Coupons? Do you live by them?
Replies: 66
Views: 4041

Re: Does Jack Bogle really advocate against rebalance?

My impression from Jack's statements at BH 13 is that he is a bit of an agnostic on rebalancing. Sometimes it helps other times it does not. He is very nuanced about many things. Keeping costs low and protecting the little guy is something he believes in fervently and has dedicated himself to. Kudos...
by SGM
Sat Nov 01, 2014 11:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Does Jack Bogle really advocate against rebalance?
Replies: 54
Views: 4857

Re: Strategy of 6M trusts meeting tonight. Few Q's

0.75% is a large fee and takes away much of the advantage of index funds. $6MM is a lot of money but not any more difficult to invest than 60,000. Total stock market pays out about 1.9% in dividends. For your trusts only 1.15% after he takes out his fees. If you are going to use a simple 3 or 4 fund...
by SGM
Sat Nov 01, 2014 2:26 am
 
Forum: Investing - Help with Personal Investments
Topic: Strategy of 6M trusts meeting tonight. Few Q's
Replies: 64
Views: 5807

Re: Tax consequences of UGMA account transfer to former mino

No tax consequences to the proposed conversion from ugma to child's name as account holder. However, be aware that a full time student under a certain age maybe 26 may pay higher rates on any income or capital gains as there is a link to the parent's income regardless of the titling of the account.
by SGM
Fri Oct 31, 2014 4:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Tax consequences of UGMA account transfer to former minor
Replies: 13
Views: 460

Re: Primary Doc Steering to Specialist Within Own Group

As groups are bought up by large systems there is some pressure to refer within the system. However, I would refer only to those I had confidence in. However, if the patient is aware that the specialist is unknown to me and wants to continue with another specialist I would not dissuade him unless I ...
by SGM
Thu Oct 30, 2014 6:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Primary Doc Steering to Specialist Within Own Group
Replies: 31
Views: 2491

Re: 39.6% Tax Bracket :(

You may be able to recover the rental losses when you sell the property. I agree do not keep so much in cash. I would probably have some muni bond funds and low expense, low turnover index funds. I would also consider a business where I could start a defined benefit plan or profit sharing. There is ...
by SGM
Wed Oct 29, 2014 6:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: 39.6% Tax Bracket :(
Replies: 28
Views: 6048

Re: Retirement and my plan on where to put my money

Four percent withdrawal rate of you 1.8MM and 950K comes to only a little more than the pension monthly payout. I would take the monthly pension as it will cover your expenses. Then I would fully invest the $950,000. Any increases in expenses due to inflation could be taken from the investment accou...
by SGM
Wed Oct 29, 2014 4:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Retirement and my plan on where to put my money
Replies: 16
Views: 2160

Re: Bonds in taxable account

Jack uses Vanguard's intermediate term tax free bond fund in his taxable account. He does not like the large amount of treasuries in Vanguard's total bond fund. Others have suggested using the total bond fund which is 70% treasuries for safety and not to worry about the taxes because payouts are low...
by SGM
Tue Oct 28, 2014 4:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bonds in taxable account
Replies: 4
Views: 650

Re: THANK YOU!!! Bogleheads Conference #13 (2014)

Thanks LadyGeek for your all your work at the conference and online. We had a good time at the conference and will likely go again next year.
by SGM
Tue Oct 28, 2014 4:16 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: THANK YOU!!! Bogleheads Conference #13 (2014)
Replies: 69
Views: 7023

Re: Does Timing Matter for Mega Backdoor Roth Conversion?

I convert early in the year so that I have up until October 15 of the following year to recharacterize. Actually do it a month in advance so that you don't have problems with the changes. You can also convert into separate accounts and recharacterize if one or two or all of the accounts lose value. ...
by SGM
Tue Oct 28, 2014 4:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Does Timing Matter for Mega Backdoor Roth Conversion?
Replies: 11
Views: 1068

Re: Career Advice for an Unhappy Young Doctor?

I would suggest she read the short paperback: First Do No Harm Being a Resilient Doctor in the 21st Century by Leanne Rowe and Michael Kidd. It is an excellent book concerning how to cope with some of the stress Docs have in their careers. It is all about balance and putting perspective back into yo...
by SGM
Tue Oct 28, 2014 5:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Career Advice for an Unhappy Young Doctor?
Replies: 116
Views: 13290

Re: Bucket Approach Redux

This was brought up in a panel discussion with Benz and others at BH 13. I was a little surprised that no one really objected to it. Someone sent in a question comparing a safe withdrawal rate, liability matching and bucket approach.
by SGM
Sun Oct 26, 2014 8:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Bucket Approach Redux
Replies: 35
Views: 2623

Re: Any downside to a Fidelity i401k?

Prior to retirement I had a solo 401k with Fidelity. I used Vanguard ETFs mostly. This meant that some money would be in cash or in a Fidelity fund. I prefer Vanguard, but fifteen years ago Vanguard required third party involvement to set up the solo 401k. As of a few months ago there was no Roth 40...
by SGM
Sat Oct 25, 2014 2:40 am
 
Forum: Investing - Help with Personal Investments
Topic: Any downside to a Fidelity i401k?
Replies: 22
Views: 1740

Re: Does your ROTH hold risky or stable items?

I have increased the riskier assets in my Roths. The reason is that I do not expect to tap the Roths for a long time if at all. I switched from a total bond fund to and TIPS to corporate bond funds, stocks and REITS. If I were to need to cash out sooner, I would be more conservative. It struck me th...
by SGM
Wed Oct 22, 2014 4:39 am
 
Forum: Investing - Theory, News & General
Topic: Does your ROTH hold risky or stable items?
Replies: 56
Views: 3497

Re: "I've had it" at work - how often

I retrained for new careers twice. Each career paid better than the first and was more exciting. I also made job changes without career changes. Unfortunately I found some managers who were complete disasters. I happened to be correct in my assessment as the managers were either fired or reassigned ...
by SGM
Tue Oct 21, 2014 4:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: "I've had it" at work - how often
Replies: 151
Views: 12639

Re: First investment strategy meeting with new FA, $6M trust

This all seems like lambs being led to the slaughter. The second advisor seems marginally better than the first. A model portfolio with 23 funds and cash??? This strikes me as nonsense and redundant. I am sure that you would get way more diversification and way less expenses, taxes and complexity wi...
by SGM
Fri Oct 17, 2014 11:49 am
 
Forum: Investing - Help with Personal Investments
Topic: First investment strategy meeting with new FA, $6M trusts
Replies: 80
Views: 4836

Re: First investment strategy meeting with new FA, $6M trust

Your advisor is making things too complicated and costly. Total expenses of 1.54% will cause you to underperform an index portfolio by at least 2% in the next 10 years. If he put you into annuities I suspect they are not the type that would meet with the approval of those on this forum. Trading fund...
by SGM
Fri Oct 17, 2014 4:55 am
 
Forum: Investing - Help with Personal Investments
Topic: First investment strategy meeting with new FA, $6M trusts
Replies: 80
Views: 4836

Re: Time Out of Market During Rollover

I closed out my solo 401k and rolled it over into an IRA a few weeks ago. It wasn't a lot of money because I had been doing multiple indirect roll overs and Roth conversions over the last few years. This time I did a direct rollover and it was painfully slow during a volatile market. In the past I a...
by SGM
Fri Oct 17, 2014 4:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Time Out of Market During Rollover
Replies: 18
Views: 1202

Re: Thrivent Financial Experience

I looked at their funds but never invested with Thrivent because of the high fees. Their large cap fund with an ER of 1.05% badly underperformed the S&P 500 by more than 2% over ten years even without the upfront sales charge. Investment Performance - Average Annual Total Return* 3 Mo. YTD 1 Yr....
by SGM
Fri Oct 10, 2014 2:01 am
 
Forum: Investing - Theory, News & General
Topic: Thrivent Financial Experience
Replies: 7
Views: 948

Re: Dave Ramsey says asset allocation does not work

Ramsey's advice to buy front loaded mutual funds is scary and awful. He compares front loaded funds with very high yearly expense ratio funds that are no-load. I have never bought either. Jack's cost matters hypothesis suggests both types of funds be put in the garbage can. I am not very happy with ...
by SGM
Fri Oct 03, 2014 4:30 pm
 
Forum: Investing - Theory, News & General
Topic: Dave Ramsey says asset allocation does not work
Replies: 86
Views: 7613

Re: vanguard etf commissions

No way is this a promotional gimmick that Vanguard will pull at some later date. I would like it if Vanguard listed the NAV (net asset value) of their ETFs when giving a quote not that it makes much of a difference in the long run.
by SGM
Fri Oct 03, 2014 3:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: vanguard etf commissions
Replies: 8
Views: 987

Re: Becoming a Thinktank

I have a few acquaintances who self published novels and collected short stories. I don't think they got very good editing from the vanity publisher. I also think they were sold a bill of goods. Generally speaking self published books are not considered serious. I would take a marketing course by a ...
by SGM
Wed Oct 01, 2014 8:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Becoming a Thinktank
Replies: 35
Views: 2373

Re: what is risk?

Leave it to Taylor to put the discussion into perspective. I find that my assessment of risk to my portfolio has changed considerably from the early accumulation stage through approaching retirement and the early months of retirement. Easily one can get into the weeds in this discussion. I can't add...
by SGM
Wed Oct 01, 2014 8:41 am
 
Forum: Investing - Theory, News & General
Topic: what is risk?
Replies: 116
Views: 4677

Re: UGMA dividends advice - index ETF or reinvest in stock

I will have to discuss some more with my father. I would like his input on intent. Yes, I know it is now my daughter's money and yes, I am now the custodian of that money. That being said, I want to strike a balance between honoring the givers intent and being responsible with my daughters money. T...
by SGM
Mon Sep 29, 2014 4:52 am
 
Forum: Investing - Help with Personal Investments
Topic: UGMA dividends advice - index ETF or reinvest in stock
Replies: 7
Views: 428

Re: UGMA dividends advice - index ETF or reinvest in stock

If you can buy small amounts of the Ishare ETF without a trading fee it would be a good plan. If Fidelity does not allow that then you may have to purchase a Fidelity mutual fund and reinvesting the dividends should be without a trading cost. It is reasonable to diversify to decrease risk of holding...
by SGM
Sun Sep 28, 2014 4:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: UGMA dividends advice - index ETF or reinvest in stock
Replies: 7
Views: 428

Re: Is there any point in putting stock index funds in IRA?

I have put stock funds and Vanguard REIT and corporate bond funds and ETFs in IRAs. I would like to put all tax inefficient funds in an IRA, but since I won't tap the IRAs for a long time I want the potential growth of stock funds in the IRAs as well. I always welcomed stock market lower evaluations...
by SGM
Sun Sep 28, 2014 3:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is there any point in putting stock index funds in IRA?
Replies: 9
Views: 909

Re: Should I take SS or wait, Penny for your thoughts,

I don't think the TRowe Price calculator is accurate for our situation. Not to go into detail, but all other calculators recommend spousal to be take at FRA of 66 and spouse switching to her own benefit at 70. TRowe recommends taking a spousal a year and 3 months earlier and spouse not switching to ...
by SGM
Sun Sep 28, 2014 8:01 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I take SS or wait, Penny for your thoughts,
Replies: 14
Views: 1292

Re: Does Equity Risk Decrease over Time?

The more often you cross even a relatively untraveled road the more likely you will be hit by a motor vehicle. That is the logic behind the increased chance of experiencing either a significant increase or decrease in equities over time. Certainly that chance is greater for individual stocks than fo...
by SGM
Wed Sep 24, 2014 7:12 pm
 
Forum: Investing - Theory, News & General
Topic: Does Equity Risk Decrease over Time?
Replies: 51
Views: 2762

Re: It's pretty freaky watching your stocks go up & down all

I like to look at my portfolio when the market is rising. When the market is in a tailspin I rarely look. It is a cognitive bias that decreases the desire to sell when the market is down.
by SGM
Wed Sep 24, 2014 4:04 am
 
Forum: Investing - Theory, News & General
Topic: It's pretty freaky watching your stocks go up & down all day
Replies: 60
Views: 5897

Re: Do you consider Dan Wiener to be a Boglehead?

He is definitely not a Boglehead. I saw his advertisement and thought it was ridiculous. I did not give him another thought until I saw these posts on Bogleheads. Unfortunately, he is likely making a lot of money off of the hopeful naive.
by SGM
Tue Sep 23, 2014 3:31 pm
 
Forum: Investing - Theory, News & General
Topic: Do you consider Dan Wiener to be a Boglehead?
Replies: 32
Views: 2218

Re: EJ Gadflies [Edward Jones]

Has anyone tried going to Western Marine and buying a foghorn for phone calls?
by SGM
Mon Sep 15, 2014 4:11 am
 
Forum: Personal Finance (Not Investing)
Topic: EJ Gadflies [Edward Jones]
Replies: 64
Views: 6745

Re: Why do so many think their home is a foolproof investmen

Tell the majority of retirees for whom their home is their biggest asset that it is not an investment. It certainly is not foolproof, but it is an investment. If it keeps up with inflation and you can live in it, that is terrific. Location is the main factor in whether it is a good investment or not...
by SGM
Sun Sep 14, 2014 5:13 am
 
Forum: Investing - Theory, News & General
Topic: Why do so many think their home is a foolproof investment?
Replies: 125
Views: 6607
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