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Re: Most/Least Boglehead 2014 Activity?

Most: Borrowed Enough a library book on CDs written by Jack. My usual custom is to buy his books. It is now checked out by a curmudgeonly friend who will advise his financial advisor son to listen to it. I don't know how well that will go over with the son. Bartering for large quantities of blue cla...
by SGM
Tue Dec 16, 2014 5:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Most/Least Boglehead 2014 Activity?
Replies: 72
Views: 5816

Re: What temperature for house for long winter absence?

House is empty most of the winter in CT. Temp is 55 F and we remove as much water as possible. We put a little propanol in the bowls for freezing point depression, but it may not be a sufficient quantity to make much difference. Annoyingly outdoor shower was not designed to completely drain and leak...
by SGM
Fri Dec 12, 2014 8:32 pm
 
Forum: Personal Consumer Issues
Topic: What temperature for house for long winter absence?
Replies: 54
Views: 7048

Re: What is your opinion about "tilting?"

I tilt because I want corporate bond funds, small caps, emerging markets and REITs that have a chance of lower correlation with the general market. No guarantee that I will be worse off or better off because of it. If there is a perfect correlation then nothing is lost except for possibly a slightly...
by SGM
Fri Dec 12, 2014 8:49 am
 
Forum: Investing - Theory, News & General
Topic: What is your opinion about "tilting?"
Replies: 113
Views: 7468

Re: Retiring soon.

I would look at the total investments and change your own investments according to the asset allocation you desire. That may mean increasing stock allocation in your investments while your wife has a high cash/bond allocation. Although I could see a problem in withdrawal methods. Whose funds do you ...
by SGM
Thu Dec 11, 2014 5:33 am
 
Forum: Investing - Help with Personal Investments
Topic: Retiring soon.
Replies: 10
Views: 2161

Re: If you don't need the Soc Sec, when to start taking it?

Continue to delay SS until age 70. The advantage of delaying is that SS has a cost of living adjustment. Victoria's assessment is correct and well stated. Consider conversions of some of your traditional IRA to a Roth up to the top of your tax bracket each year prior to taking SS. You must pay the t...
by SGM
Tue Dec 09, 2014 6:02 am
 
Forum: Personal Finance (Not Investing)
Topic: If you don't need the Soc Sec, when to start taking it?
Replies: 39
Views: 4236

Re: Daughter's retirement accounts - roth or traditional

I only had traditional IRAs because that was all that was available. Eventually my income increased and retrospectively a Roth IRA would have been a better deal. Unfortunately it was not available at that time. Certainly my tax rate will never be below what it was at age 30 before I received two mor...
by SGM
Mon Dec 08, 2014 9:15 am
 
Forum: Investing - Help with Personal Investments
Topic: Daughter's retirement accounts - roth or traditional
Replies: 21
Views: 1777

Re: Vanguard Gave the Only Honest Rollover Advice (In a Surv

Thanks for the excellent posts Billy. Half way down the Vanguard page it states the following: "Want to make sure a 401(k) rollover is your best choice? Understand and compare these and other factors before deciding what's best for you: • Investment options. • Fees and expenses. • Withdrawal re...
by SGM
Fri Dec 05, 2014 4:32 am
 
Forum: Investing - Theory, News & General
Topic: Vanguard Gave the Only Honest Rollover Advice (In a Survey)
Replies: 12
Views: 2032

Re: Ken Fisher - Why I hate annuities

Ken Fisher is somewhat of a contrarian and a stock picker. I read his column in Forbes for many years, but no longer do so. His father had an influence on Warren Buffet "85% Graham 15% Fisher." I have received many inquiries from Fisher's investment company through the mail and see his adv...
by SGM
Tue Dec 02, 2014 5:52 am
 
Forum: Investing - Theory, News & General
Topic: Ken Fisher - Why I hate annuities
Replies: 69
Views: 6150

Re: did not know I was supposed to file Form 5500, what to d

A decade ago I was unaware of the need for filing a form 5500 EZ when the balance was over 250k. The form is one of the easier forms to fill out. I filed a year too late and wrote to the IRS explaining that I was unaware of the need to fill out the form and received no penalty. Your situation is mor...
by SGM
Tue Dec 02, 2014 5:19 am
 
Forum: Personal Finance (Not Investing)
Topic: did not know I was supposed to file Form 5500, what to do?
Replies: 4
Views: 1117

Re: Strategy for paying for bridge years until Social Securi

Consider a file and suspend strategy at your full retirement age. Wife can take a spousal benefit at her full retirement age. You both could take your own SS at age 70. Several friends and relatives who were planning on taking SS at age 70 were unaware of this strategy and were able to do this after...
by SGM
Fri Nov 28, 2014 5:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Strategy for paying for bridge years until Social Security
Replies: 20
Views: 3510

Re: Livesoft can you explain how u can do this?

I agree with Bsteiner's recommendation on Roth conversions. The only advantage I see to not converting assuming your bracket does not go down later on is if you have large nursing home medical expenses that put you in a much lower bracket. The other situation is if you want to donate your traditiona...
by SGM
Thu Nov 27, 2014 11:40 am
 
Forum: Investing - Help with Personal Investments
Topic: Livesoft can you explain how u can do this?
Replies: 47
Views: 4349

Re: Paying my parents a salary not to touch their nest egg

Conversions to Roth are worthwhile given there low tax rate. However, I don't see how you can come out ahead by paying them $40k a year and then there is the issue of whether they will need more money for emergencies. Second to die life insurance and using a trust may be helpful, but I would consult...
by SGM
Wed Nov 26, 2014 4:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying my parents a salary not to touch their nest egg
Replies: 50
Views: 4433

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: 8
Views: 1706

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: 1232

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: 120
Views: 7445

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: 3158

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: 1111

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: 1427

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: 7968

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: 3582

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: 364

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: 364

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: 695

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: 2811

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: 2783

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: 3582

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: 864

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: 2375

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: 5110

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: 2293

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: 4177

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: 5173

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: 6059

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: 472

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: 2513

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: 6249

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: 17
Views: 2479

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: 654

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: 71
Views: 7726

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: 1088

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: 13553

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: 2769

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: 1784

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: 3550

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: 12719

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: 4902

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: 4902

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: 1222

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: 957

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: 7697
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