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Re: Need Inherited IRA RMD $, choose reinvest vs. don't ?

am I better off leaving it in Prime Money Market paying 0% till the end of the year, to use for my RMD. or choosing "reinvest" To make the math easy assume that at the end of the year you would have $2,000 in the money market fund if you don't automatically have it reinvested. The alterna...
by Watty
Wed Nov 26, 2014 11:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need Inherited IRA RMD $, choose reinvest vs. don't ?
Replies: 3
Views: 541

Re: Clash of the Titans: Traditional or Roth?

He claims that marginal tax rates MUST go up.... Even if your marginal rates are higher in retirement your overall effective tax rate may be lower because of personal exemptions, standard or itemized deductions and all of the income that is only taxed in the 10%, 15%, 25% etc tax bracket . The idea...
by Watty
Wed Nov 26, 2014 11:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Clash of the Titans: Traditional or Roth?
Replies: 12
Views: 849

Re: How long did your IT career last? At what age did it en

Be very careful with defense jobs. That is a very cyclical industry with big boom and bust times.
by Watty
Wed Nov 26, 2014 10:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: How long did your IT career last? At what age did it end?
Replies: 52
Views: 3290

Re: How long did your IT career last? At what age did it en

The relatively small number of IT people in their 60's just might have something to do with how big the IT industry was 40 years ago, when people now in their 60's were starting their careers. +1 Prior to the 1970's computers were not really affordable or practical for any but the largest corporati...
by Watty
Wed Nov 26, 2014 10:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: How long did your IT career last? At what age did it end?
Replies: 52
Views: 3290

Re: Best way to pay my parents back

Unless you and your wife expect to leave an estate worth well over ten million inflation-adjusted dollars, the only thing exceeding $56,000 in a year does is makes you fill out an extra form for your tax return. It isn't even clear to me the debt repayment is a gift +1 If this is still a concern to...
by Watty
Wed Nov 26, 2014 4:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Best way to pay my parents back
Replies: 7
Views: 1094

Re: Stuck with an active high ER fund! SHOULD I SELL??

Value: 35,873.30 Cost: 25,125.97 Gain: 10,747.33 Most of the gain is long ER: 1.78% 12b-1: 1% You are paying 2.78% or almost a thousand dollars a year. :annoyed Even if you pay a couple of thousand dollars in capital gains taxes you will break end in a few years. Funds like this likely have other h...
by Watty
Wed Nov 26, 2014 4:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Stuck with an active high ER fund! Should I sell ??
Replies: 9
Views: 560

Re: Private college counselor

My son is a junior at a public school and doesn't get much help from school counselors, only two for a class of 450. They may be very busy with the seniors who have been applying for college this fall and may be more focused on your son's class after the new year starts. It would be good to check w...
by Watty
Wed Nov 26, 2014 4:16 pm
 
Forum: Personal Consumer Issues
Topic: Private college counselor
Replies: 42
Views: 1679

Re: Being woken up by neighbors above me

Also try these Silicone earplugs, they are a lot different than regular earplugs. They likely have them at your local stores too. http://www.amazon.com/Macks-Pillow-Silicone-Earplugs-6-Count/dp/B004CKCX9K/ref=sr_1_1?ie=UTF8&qid=1417032782&sr=8-1&keywords=earplugs+macks They are just maki...
by Watty
Wed Nov 26, 2014 3:18 pm
 
Forum: Personal Consumer Issues
Topic: Being woken up by neighbors above me
Replies: 66
Views: 3377

Re: Please help correct my early path to retirement

Thinking that you will get an 8% real(inflation adjusted) return on a balanced portfolio over the next 40 years is likely overly optimistic. Even if you could accurately predict it you need to remember that the 39% tax rate would be your marginal tax bracket and that most of it would be taxed at low...
by Watty
Wed Nov 26, 2014 12:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Please help correct my early path to retirement
Replies: 13
Views: 1769

Re: Seeking Boglehead advice on new home

(2) Seek a new house and rent out our old one. Keeping it as a rental is likely not a good option if it is even possible because; 1) You likely qualify for the homeowners capital gains exclusion on your current house. If you have any capital gains then if you keep it for a rental for too long then ...
by Watty
Tue Nov 25, 2014 11:46 pm
 
Forum: Personal Consumer Issues
Topic: Seeking Boglehead advice on new home
Replies: 13
Views: 1163

Trying to remember what book this is from.

I remember reading this somewhere but I can't remember where. It was likely phrased very differently but it it went something like this; In investing there are only three thing you can control well; 1) How much you save or spend each year. 2) Keeping investing costs low. 3) Your asset allocation. Th...
by Watty
Tue Nov 25, 2014 11:17 pm
 
Forum: Investing - Theory, News & General
Topic: Trying to remember what book this is from.
Replies: 3
Views: 617

Re: Favorite TED Talks

How to tie your shoes. It is only about three minutes long.

http://www.ted.com/talks/terry_moore_ho ... anguage=en

There is a very good chance that you have been doing it wrong since you were a kid.
by Watty
Tue Nov 25, 2014 9:48 pm
 
Forum: Personal Consumer Issues
Topic: Favorite TED Talks
Replies: 21
Views: 2084

Re: How to find refundable airfare or open ticket ?

I would look up the non-refundable tickets online to see what was available then call the airlines 800 number and talk to a live person. In talking to them there are likely three types of tickets, refundable, non-refundable but changeable for a fee, and non-changable For the changable tickets in add...
by Watty
Tue Nov 25, 2014 9:45 pm
 
Forum: Personal Consumer Issues
Topic: How to find refundable airfare or open ticket ?
Replies: 15
Views: 796

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

They are likely in just about a zero percent tax bracket or at most a 15% tax bracket. Except for the Roth if you or your kids inherit it then you would likely be in a higher tax bracket when the money was spent. I didn't try to crunch the numbers but I don't see where you would come out way ahead o...
by Watty
Tue Nov 25, 2014 9:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying my parents a salary not to touch their nest egg
Replies: 50
Views: 4239

Re: Safe Withdrawal Rates - Is the 4% rule still good?

I grimace when I see posts suggesting that the current environment is different so that you should go with a 3.5% or even 3% withdrawal rate. If your investments just keep up with inflation then for a 30 year retirement a 3.33% (1/30) withdraw rate would work. In a retirement account where taxes are...
by Watty
Tue Nov 25, 2014 8:27 pm
 
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rates - Is the 4% rule still good?
Replies: 65
Views: 4660

Re: Please help correct my early path to retirement

Do you think at my age, it would be more beneficial to max my Roth 401k vs Traditional 401k, still supplementing income with the RMDs as needed? Based on some RMD calculators I've looked at, I think I will be in a much higher tax bracket in retirement and the Roth may make more sense at this point....
by Watty
Tue Nov 25, 2014 7:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Please help correct my early path to retirement
Replies: 13
Views: 1769

Re: Please help correct my early path to retirement

Updated original post with an additional question: Does the fact that I am required to take qualified RMDs now affect my strategy compared to the "traditional" retirement path? I imagine the extra income, which will start to become pretty significant a few years from now, may play alter t...
by Watty
Tue Nov 25, 2014 4:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Please help correct my early path to retirement
Replies: 13
Views: 1769

Re: Please help correct my early path to retirement

Questions: I plan to all of my Ameriprise accounts to Vanguard in the near future, mostly to avoid the additional fees being leached. I am curious to hear your thoughts on my Ameriprise holdings, as my only point of hesitation moving from Ameriprise is that I do not feel I have experienced some of t...
by Watty
Tue Nov 25, 2014 12:09 am
 
Forum: Investing - Help with Personal Investments
Topic: Please help correct my early path to retirement
Replies: 13
Views: 1769

Re: Collision claim on new auto policy - problems

Just FYI, Even if you call the police and they do not come out that there will still be a record of your call which will support your story.
by Watty
Mon Nov 24, 2014 11:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Collision claim on new auto policy - problems
Replies: 24
Views: 2097

Re: Huge salary increase...looking for guidance

You are way out of do it yourself territory and you will have lots of tax, estate planning, estate tax issues. A good financial adviser should also be able to show you how to funnel more of your money into tax advantaged retirement accounts since you own a business. You have to be very careful about...
by Watty
Mon Nov 24, 2014 11:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Huge salary increase...looking for guidance
Replies: 26
Views: 3253

Re: Girlfriend with a LOT of Student debt.

If you want to make it work with her then you might consider professional couples counseling.

In addition to all your concerns sooner or later she will also have issues with the impact of the debt.
by Watty
Mon Nov 24, 2014 8:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Girlfriend with a LOT of Student debt.
Replies: 166
Views: 12937

Re: Suggestions as I maximize my tax advantage accounts?

Taxable Account: $250,000 You need to figure out what the most likely use for this money will be. If it will likely be used for something like a house down payment someday then it would be invested differently than if it was part of your retirement portfolio. There are lots of pros and cons but if ...
by Watty
Sun Nov 23, 2014 11:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Suggestions as I maximize my tax advantage accounts?
Replies: 5
Views: 906

Re: A Good Trip Overseas

What do you like to do - tour museums, see natural wonders, lay on a beach? Tell us more about you. If married, what does your wife like to do? +1 And what sort general budget you are looking at spending, how long a trip, and how much you have traveled before. Helping someone with ideas for their f...
by Watty
Sun Nov 23, 2014 10:16 pm
 
Forum: Personal Consumer Issues
Topic: A Good Trip Overseas
Replies: 17
Views: 1675

Re: Retiring soon- Hoping for Comments on My Plan

My questions: 1. Would you consider the assumptions I used on the planner to be on the significantly conservative side? More than conservative, if you take the lump sum you would have $2.8 million in retirement accounts. If you spend it down to $2 million by the time you start social security you w...
by Watty
Sun Nov 23, 2014 9:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retiring soon- Hoping for Comments on My Plan
Replies: 7
Views: 1352

Re: Bogleheads, tell me about your 40's?

When we were in our 40's my wife and I lost three of four parents and by our late 50's we had not only lost the remaining parent but all of our aunts and uncles which officially make us the oldest generation before we were 60. We did a cross country job relocation. There is a saying that goes someth...
by Watty
Sun Nov 23, 2014 3:36 pm
 
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 103
Views: 14012

Re: Possible to exchange one Amex card for another?

It would likely be best to sign up for the new one to get a sign up bonus then to cancel the other one.
by Watty
Sun Nov 23, 2014 2:51 pm
 
Forum: Personal Consumer Issues
Topic: Possible to exchange one Amex card for another?
Replies: 9
Views: 1085

Re: Making money/career in Trading

My gut feel is that being a trader as a full time job is going down the same path as being a telephone operator or travel agent in that it has been pretty much automated and there are only a limited number of niche jobs now. That said if you can find someone that will pay you to do it and you aren't...
by Watty
Sat Nov 22, 2014 10:05 pm
 
Forum: Investing - Theory, News & General
Topic: Making money/career in Trading
Replies: 25
Views: 2356

Re: 23 year old... Can I afford a Rolex?

There are really two questions; Can you afford to spend $5,000? There is no way for us to know. Is the Rolex the best thing to spend it on? Probably not. You get a lot more "bang for the buck" by spending your discretionary money to buy experiences instead of stuff. You probably got a numb...
by Watty
Sat Nov 22, 2014 9:46 pm
 
Forum: Personal Consumer Issues
Topic: 23 year old... Can I afford a Rolex?
Replies: 167
Views: 10973

Re: Mortgage reamortization after lump sum payment?

People are making this sound more complicated than it is. All you have to do is to call the lenders 800 number and ask them about "recasting" your mortgage using that term. The first person you talk to may try to talk you in a refinance so make sure you get to the right person. You have to...
by Watty
Sat Nov 22, 2014 9:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Mortgage reamortization after lump sum payment?
Replies: 10
Views: 914

Re: Am I short-changing myself? 401k vs ROTH contributions

Between what they put in and what I put in, it is about the max ($17,500) as if I did it all myself to the max with no match from them and I am a bit confused. Typically the employer contribution does not count toward the maximum employee contribution (now $18,000 +another $6,000 if you are over 50...
by Watty
Sat Nov 22, 2014 11:47 am
 
Forum: Investing - Help with Personal Investments
Topic: Am I short-changing myself? 401k vs ROTH contributions
Replies: 9
Views: 558

Re: Laptop/Chromebook recommendation

My little 11 year old is an aspiring writer. We would like to purchase a device for her to encourage her writing. What is our best option in a laptop, specifically for writing purposes? Thanks Most likely getting her something like what she uses at school would be best. Even if it is not the ideal ...
by Watty
Sat Nov 22, 2014 11:29 am
 
Forum: Personal Consumer Issues
Topic: Laptop/Chromebook recommendation
Replies: 14
Views: 886

Re: Moving overseas - what to do with IRS, 401k, Roth, IRA e

You really need to consult with a tax expert +1 Be sure to find one that also knows your countries tax laws and inheritance laws. There may be treaties between your country and the US that make the general rules not apply. You might want to keep a US mailing address for a while until you figure out...
by Watty
Sat Nov 22, 2014 11:14 am
 
Forum: Investing - Help with Personal Investments
Topic: Moving overseas - what to do with IRS, 401k, Roth, IRA etc.
Replies: 2
Views: 288

Re: Why I will fund retirement with TIPs ladder no matter wh

I did not read the article but when looking at TIPs it is good to remember that for a 30 year retirement a safe withdrawal rate starting at 4% is often recommended and many people suggest that in the current environment that 3.5% might be better. With TIPS, in a retirement account, you could buy 30 ...
by Watty
Sat Nov 22, 2014 9:35 am
 
Forum: Investing - Theory, News & General
Topic: Why I will fund retirement with TIPs ladder no matter what
Replies: 55
Views: 4487

Re: What would be the investing strategy for a coming crash?

Put 5% of your portfolio into something that will soar if you are right, but keep 95% invested conventionally.

If you are right you will do well, and if you are wrong losing 5% will not ruin you.
by Watty
Fri Nov 21, 2014 9:58 pm
 
Forum: Investing - Theory, News & General
Topic: What would be the investing strategy for a coming crash?
Replies: 81
Views: 6641

Re: Personal Tips for a New Father to Be

We want to give all our time and love to our baby.



It would be good to keep some other interests in your life so that you can be a roll model for your kid in how to be a well rounded adult.
by Watty
Fri Nov 21, 2014 9:39 pm
 
Forum: Personal Consumer Issues
Topic: Personal Tips for a New Father to Be
Replies: 24
Views: 2026

Re: repositioning cruise to Europe?

My parents took one maybe 20 years ago that generally went through the Caribbean, down the coast of South America across to Africa, then up to the Mediterranean. Unfortunately they had some rough seas going across the Atlantic and my dad fell down a wide stairway that did not have a handrail and got...
by Watty
Fri Nov 21, 2014 9:19 pm
 
Forum: Personal Consumer Issues
Topic: repositioning cruise to Europe?
Replies: 11
Views: 1363

Re: Proposed Lifetime Retirement Investment Approach

Trying to come up with a long term general plan has been given a lot of thought by people that know a lot about investing and spend there entire working day trying to figure this out. The details will vary a lot by mutual fund company but the best they have been able to come up with is the Targeted ...
by Watty
Fri Nov 21, 2014 1:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Proposed Lifetime Retirement Investment Approach
Replies: 28
Views: 2306

Re: Young Investor Welcoming Any Advice

I was wondering, is it typical to write out a plan with rules like I have, and have a friend/family member (rather than a paid advisor) "hold the investor accountable"? Except for a spouse you are likely to run into awkward situations by sharing too much financial information with family ...
by Watty
Fri Nov 21, 2014 12:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Young Investor Welcoming Any Advice
Replies: 16
Views: 962

Re: Employer switching to new retirement plan

Tax Rate: 25 percent federal/5.75 percent state ....... New annual Contributions $5,500 to Roth IRA $3,750 to the 401K this year. In the 30% tax bracket it would take some compelling reasons(which is possible) to choose a Roth over a deductible retirement account. Are you sure that is a good choice?
by Watty
Fri Nov 21, 2014 11:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Employer switching to new retirement plan
Replies: 12
Views: 1233

Re: Young Investor Welcoming Any Advice

Being able to pick a basket of mutual funds that will beat the index funds is harder than it sounds. If you could do it reliably then you could be earning big bucks working on Wall Street. I would go with the first option since you are sure to get the lower expenses and they will make a big differen...
by Watty
Thu Nov 20, 2014 11:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Young Investor Welcoming Any Advice
Replies: 16
Views: 962

Re: What is the $$ value of delaying retirement a month?

I am trying to calculate the value of each month retirement is delayed. Is the value just equal to the amount of additional savings or is it equivalent to the amount of additional savings plus 1 month of expenses. In other woords if Mark is able to save $2,500/mo. and his expenses are $4,000/mo. is...
by Watty
Thu Nov 20, 2014 12:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: What is the $$ value of delaying retirement a month?
Replies: 24
Views: 1465

Re: Vacation in France

Why do I still have this nagging feeling that this is too expensive and not very bogleheadish Not if you pay cash for it. :D I agree that you can do it well for a lot less than $10K though. One of the nice things about Europe is that outside the large cities nice small midrange and even budget hote...
by Watty
Wed Nov 19, 2014 9:35 pm
 
Forum: Personal Consumer Issues
Topic: Vacation in France
Replies: 96
Views: 5018

Re: Pension buyout offer - Accept or reject

Taking the pension has a lot of inflation risk, but if you take the lump you can likely invest it and keep ahead of inflation. I will have to make a similar decision before too long and I am also looking at these options in weighting my choices. 1) Take the lump sum then use it to live on in my 60 '...
by Watty
Wed Nov 19, 2014 6:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Pension buyout offer - Accept or reject
Replies: 46
Views: 4210

Re: Trapped deciding between 2 Jobs: Can I renege on my offe

It is really too early to make any sort of decision. Until you actually have interviewed and have a job offer you are still in the learning mode. 'm currently on the job market for an entry-level position. As long as they are competitive most of the other aspects really don't matter a lot and the im...
by Watty
Wed Nov 19, 2014 6:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trapped deciding between 2 Jobs: Can I renege on my offer?
Replies: 36
Views: 2925

Re: Question About Retiring Early and Social Security

I think the origional post was keeping the starting age constant, but just looking at what happens when she stops working at different ages. The Social Security benefit is calculated based on your 35 highest years of earnings(adjusted for inflation) so working a few more years than that does not res...
by Watty
Tue Nov 18, 2014 10:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question About Retiring Early and Social Security
Replies: 10
Views: 1718

Re: Get a financial advisor? Retired now

Debt: Mortgage only $90k at 5% In a nutshell it looks like his part time work(then social security) and your inflation adjusted pension will basically cover your expenses if you included taxes in your numbers If you would not have to pay a lot of taxes to sell some of the taxable investments then I...
by Watty
Tue Nov 18, 2014 9:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Get a financial advisor? Retired now
Replies: 34
Views: 4889

Re: Buying a lasting vehicle

I don't think I'd buy a used Toyota/Honda/Subaru, unless it was >6 or so years old. The discount you get for buying late-model used on those makes doesn't seem worth it to me over buying new. For instance, at the time I bought my 2014 Outback, I could've bought a similarly equipped 2011 with 40k mi...
by Watty
Tue Nov 18, 2014 8:32 pm
 
Forum: Personal Consumer Issues
Topic: Buying a lasting vehicle
Replies: 33
Views: 4250

Re: Received an inheritance, clueless as to what to do with

Sorry to hear about your loss, but it sounds like they will be well remembered. You really dodged a bullet in getting away from that “advisor”. You were lucky that he wasn't better at selling, some of them are real smooth and good salespeople. +1 On taking six months to a year to learn more and beco...
by Watty
Tue Nov 18, 2014 7:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Received an inheritance, clueless as to what to do with it.
Replies: 29
Views: 4129

Re: AA in retirement

I'm also considering just dumping all tax advantaged into funds into Wellesley and spread taxable funds into a muni fund through T. Rowe Price (30%) since Vanguard doesn't have a muni fund for my state, Wouldn't it be more tax efficient to hold all your bonds in the tax advantage accounts? It would...
by Watty
Tue Nov 18, 2014 1:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: AA in retirement
Replies: 1
Views: 390

Re: Intro - At a Crossroads

I'm worried that the longer I stay for simply the paycheck, the more of a long term impact it will have on my psyche/health/drive. I've saved like a mad man, but am scared to death of the unknown associated with leaving the steady and strong pay check i currently have. Thoughts? Professional counse...
by Watty
Mon Nov 17, 2014 11:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Intro - At a [Career] Crossroads
Replies: 10
Views: 1454
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