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Re: What's your number?

According to the Simple Savings Calculator, this is what I should have in 10 years. Final Savings Balance: $1,044,173.62 This is if I continue to save 17,500 per year in my 401K and I use 7% as my return. I paid off my house last year and I turn 50 this June, so I will be happy to have this amount ...
by dickenjb
Wed Apr 23, 2014 10:32 am
 
Forum: Personal Finance (Not Investing)
Topic: What's your number?
Replies: 40
Views: 2043

Re: Compensating for inflation with a fixed pension?

As someone has pointed out, there are inflation indexed SPIA's and TIPS, but no product that grows 2x the inflation rate to make up for the loss of purchasing power on your DB pension. What I do is set my AA at 60/40 instead of the typical retiree 50/50. Even though equities are not an inflation hed...
by dickenjb
Wed Apr 23, 2014 9:30 am
 
Forum: Investing - Help with Personal Investments
Topic: Compensating for inflation with a fixed pension?
Replies: 10
Views: 797

Re: Compensating for inflation with a fixed pension?

Bustoff wrote:Thanks deikel and dbr.
I really dislike the thought of delaying SS for ten years, but it's hard to justify not doing so.


Ten years?
by dickenjb
Tue Apr 22, 2014 6:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Compensating for inflation with a fixed pension?
Replies: 10
Views: 797

Re: 529's not recommended

TN_INVEST wrote:I'm with grabiner....

You might want to contribute to the MS plan and then roll the money to another state plan.


This. Get your tax deduction then do a direct rollover to NY plan.
by dickenjb
Tue Apr 22, 2014 7:49 am
 
Forum: Personal Finance (Not Investing)
Topic: 529's not recommended
Replies: 24
Views: 2728

Re: Total bond vs intermediate tax exempt

OP, I have wondered the same as you. For what it is worth, my portfolio looks a lot like yours except I am 2/3 tax advantaged and 1/3 taxable. I hold a lot of total bond in my 401(k), we have the special share class at 7 bps. In taxable, I own Total International and VWIUX. Total Stock in my IRA's. ...
by dickenjb
Tue Apr 22, 2014 7:46 am
 
Forum: Investing - Theory, News & General
Topic: Total bond vs intermediate tax exempt
Replies: 12
Views: 1468

Re: Savings Rate what do you include?

Funny I was just thinking about this as I was in my hotel lobby and Fox news was on, an ad for The Principal had a quiz on what Americans were saving (including employer match). The answer: 6%. The recommendation: 11-15%. My view: 15-20%. I would (if I were not retired) put in the numerator 401(k) a...
by dickenjb
Tue Apr 22, 2014 7:40 am
 
Forum: Investing - Theory, News & General
Topic: Savings Rate what do you include?
Replies: 35
Views: 1986

Re: Round The World!

I am a longtime poster on FlyerTalk. I suggest you go over there and read about RTW tickets. FT is the travel equivalent of BH. Thanks to what I learned over there I was able to stockpile 5 MM miles and hotel points before I retired. What I have gleaned about RTW fares: 1) They are priced differentl...
by dickenjb
Tue Apr 22, 2014 7:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Round The World!
Replies: 26
Views: 1466

Re: Just maxed 2013 Roth IRA. Should I max 2014 now too?

Your income is low enough that there is no risk of ineligibility to contribute. Otherwise I advise people to wait until early 2015 when they have all their W2's, 1099's etc. I would throw another $5500 in now. Are you sure you want the Roth option in your 401(k)? Do you know your marginal tax brack...
by dickenjb
Mon Apr 21, 2014 6:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Just maxed 2013 Roth IRA. Should I max 2014 now too?
Replies: 21
Views: 2576

Re: advice for 83-year-old in-law with Alzheimer's

I think an SPIA is absolutely not indicated in this case. An average 83 year old male has only a 20% chance of living 10 years. source is: https://personal.vanguard.com/us/insights/retirement/plan-for-a-long-retirement-tool An 83 year old male with Alzheimer's must have much less life expectancy tha...
by dickenjb
Sun Apr 20, 2014 1:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: advice for 83-year-old in-law with Alzheimer's
Replies: 24
Views: 2670

Re: Question about IRS Online Payment from Checking Account

jgb wrote:Off topic: I can't imagine having a tax bill that some of yall are quoting. :shock:


I can. The year I retired I owed $57K. This year I am getting $17K back. I never seem to get it right. But have never paid interest nor penalties due to safe harbor(s).
by dickenjb
Sun Apr 20, 2014 1:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question about IRS Online Payment from Checking Account
Replies: 24
Views: 865

Re: Deductible Investment Options for Wife

With Solo 401k, she needs to be careful about the 17.5K salary deferral contribution as that limit is shared across all 401k/403b plans for the year. She has contributed $700 to 403b. If she contributes $4000 salary deferral into Solo 401k and then gets a W-2 job with 401k in July, she needs to be ...
by dickenjb
Sun Apr 20, 2014 8:05 am
 
Forum: Investing - Help with Personal Investments
Topic: Deductible Investment Options for Wife
Replies: 7
Views: 443

Re: Flights D.C. to London: Buy now or wait?

I think it's easier just to sign up for credit card promos and buy the seats with the resultant frequent flier miles (a market also manipulated by mysterious algorithms). Yeah I always use ff miles for Europe and Hawaii. It is easy to realize >2 cpm on those routes, whereas domestic RT's rarely yie...
by dickenjb
Sun Apr 20, 2014 7:56 am
 
Forum: Personal Consumer Issues
Topic: Flights D.C. to London: Buy now or wait?
Replies: 37
Views: 1772

Re: Hit your #, Still want to work, does your savings % chan

If you allow your lifestyle to creep up it is hard to cut it back - and thus "your number" just became 1.x times your number....
by dickenjb
Sun Apr 20, 2014 7:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Hit your #, Still want to work, does your savings % change?
Replies: 47
Views: 3822

Re: Any less expensive sources for Lipitor?

There are some posts to buy medicines from Canadian pharmacies. I thought buying it from non US pharmacies is illegal for US residents. One other option to reduce price is get the higher dose medicine and then either use pill cutters to cut it or skip days so that usage is the same. Your doctor nee...
by dickenjb
Sun Apr 20, 2014 7:41 am
 
Forum: Personal Consumer Issues
Topic: Any less expensive sources for Lipitor?
Replies: 54
Views: 2958

Re: Deductible Investment Options for Wife

Solo 401(k) for the SE income. And just because her eligibility for a deductible TIRA starts to phase out doesn't mean she can't put anything in and deduct it - just not the full $5500. At your AGI she might be able to put, say, $4500 in a deductible TIRA, $1000 in a Roth, and all of her SE income i...
by dickenjb
Sat Apr 19, 2014 9:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Deductible Investment Options for Wife
Replies: 7
Views: 443

Re: Just maxed 2013 Roth IRA. Should I max 2014 now too?

Your income is low enough that there is no risk of ineligibility to contribute. Otherwise I advise people to wait until early 2015 when they have all their W2's, 1099's etc. I would throw another $5500 in now. Are you sure you want the Roth option in your 401(k)? Do you know your marginal tax bracket?
by dickenjb
Sat Apr 19, 2014 9:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Just maxed 2013 Roth IRA. Should I max 2014 now too?
Replies: 21
Views: 2576

Re: Flights D.C. to London: Buy now or wait?

Assume Prof. is referring to purchase via United.com of a codeshare flight operated by another airline, e.g. Lufthansa. You can't choose your seat for those flights on the United web site. So you have to call the other airline, with their record locator number, and do it over the phone, preferably ...
by dickenjb
Sat Apr 19, 2014 6:12 pm
 
Forum: Personal Consumer Issues
Topic: Flights D.C. to London: Buy now or wait?
Replies: 37
Views: 1772

Re: Flights D.C. to London: Buy now or wait?

We fly to London tomorrow. The biggest benefit with buying early from United is getting to chose your seats when you buy the tickets. This is not the case with some other airlines. I never fly Lufthansa unless I absolutely have to for this very reason. We are flying LH to MUC in June and we have as...
by dickenjb
Sat Apr 19, 2014 4:51 pm
 
Forum: Personal Consumer Issues
Topic: Flights D.C. to London: Buy now or wait?
Replies: 37
Views: 1772

Re: Otar - Tactical Asset Allocation

livesoft wrote:But even Jack Bogle seems well-regarded on this forum, yet folks do not take his advice when it comes to small-cap and value tilting.


Or even lack of investing in foreign equities.

Take the "best of the best", I say.
by dickenjb
Fri Apr 18, 2014 11:42 am
 
Forum: Investing - Theory, News & General
Topic: Otar - Tactical Asset Allocation
Replies: 7
Views: 809

Re: Investing a financial settlement

Max all tax advantaged accounts each year: 17.5k + 5k to 401k, 6500 each to Roth IRA. Any other that you max use such as Flex plans. Are you sure kids won't be eligible for aid? Will several be in college at same time? +1 You should be maxing out your tax advantaged accounts. Does your employer lim...
by dickenjb
Fri Apr 18, 2014 10:40 am
 
Forum: Investing - Help with Personal Investments
Topic: Investing a financial settlement
Replies: 10
Views: 430

Re: Only 3 Index Funds in Pension Plan, Can't Decide

As far as expenses go, I would say there is no material difference. If you expect to retire in Hong Kong, the 1/3 in each approach has merit. If you expect to retire to US or Europe - more weight there might make sense. Or you might go market weight in each of the 3 regions. Just whatever you do, do...
by dickenjb
Fri Apr 18, 2014 10:33 am
 
Forum: Investing - Help with Personal Investments
Topic: Only 3 Index Funds in Pension Plan, Can't Decide
Replies: 6
Views: 648

Re: ESPP Shares - What to do?

Don't let the tax tail wag the investment dog. Sell and reinvest the proceeds in VTSAX or other broadly diversified fund.
by dickenjb
Fri Apr 18, 2014 10:07 am
 
Forum: Personal Finance (Not Investing)
Topic: ESPP Shares - What to do?
Replies: 19
Views: 1085

Re: *poor* Bogleheads

As seen by the threads on this forum there is a wide range of methods for saving and living below your means. Some seek to shave their shaving costs. Others carefully choose their next luxury vehicle. What is important is your approach, not what others do. We end up at a destination determined by t...
by dickenjb
Fri Apr 18, 2014 8:58 am
 
Forum: Forum Issues and Administration
Topic: *poor* Bogleheads
Replies: 78
Views: 5328

Re: Inherited IRA Options - need some help

I would go with Alan S's advice. He is the expert.
by dickenjb
Fri Apr 18, 2014 8:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA Options - need some help
Replies: 11
Views: 985

Re: Newly Widowed, what to do with the life insurance money.

Herekittykitty wrote:I have been lurking for a long time, and am coming out of lurk mode to respond to Morningstarc's post.....


What an excellent and touching first post. A lot of sage advice from someone who has been in the OP's shoes.

Welcome, Herekittykitty!
by dickenjb
Fri Apr 18, 2014 8:31 am
 
Forum: Investing - Help with Personal Investments
Topic: Newly Widowed, what to do with the life insurance money....
Replies: 28
Views: 3249

Re: Draft email to investment advisor re outperforming Total

Let's see, your portfolio is burdened by 40 bps of management fees and 1% of tax costs and you expect your advisor to come close to a broad market index? Ain't gonna happen or if it does it will be the rare year or quarter when it does happen. Bear in mind if you have zero basis stock some of the ta...
by dickenjb
Fri Apr 18, 2014 8:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Draft email to investment advisor re outperforming Total Mar
Replies: 24
Views: 2400

Re: *poor* Bogleheads

I must admit I have a similar but different feeling. I sometimes feel there should be a separate sub forum for those who don't believe in deprivation. I get tired of reading all the threads about people giving up cable TV, using the same razor blade for a year, and using a flip phone from 2000 on a ...
by dickenjb
Fri Apr 18, 2014 7:57 am
 
Forum: Forum Issues and Administration
Topic: *poor* Bogleheads
Replies: 78
Views: 5328

Re: Little to no income for 2 years- take IRA RMDs up to 37k

Second, what is the benefit of "keeping the money tax-deferred" other than potentially withdrawing it at a lower tax rate upon retirement instead of during the peak of your annual income? There may be a very simple/obvious answer to this, but I just wanted to make sure there aren't "...
by dickenjb
Thu Apr 17, 2014 10:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Little to no income for 2 years- take IRA RMDs up to 37k?
Replies: 14
Views: 1163

Re: "Bonds were priced to return approximately as much as st

Going forward, the expected return on bonds is the coupon.

The expected return on stocks is the current dividend yield plus the dividend future growth rate plus/minus any change in P/E ratios. This last component is what Jack Bogle refers to as "speculative return".
by dickenjb
Thu Apr 17, 2014 10:21 am
 
Forum: Investing - Theory, News & General
Topic: "Bonds were priced to return approximately as much as stocks
Replies: 1
Views: 383

Re: 401k in-service withdrawals

I do hope the company does some matching, otherwise this is a pretty poor plan. I would move the money annually if permitted. I don't like paperwork. My company only allowed ISW of company matching contributions - not employee before tax contributions. I used this loophole to sell employer stock bac...
by dickenjb
Thu Apr 17, 2014 10:16 am
 
Forum: Investing - Help with Personal Investments
Topic: 401k in-service withdrawals
Replies: 18
Views: 1114

Re: Help looking for ways to get to 50-50

She has enough ($300K) that she should consider the Three Fund Portfolio.

Total Bond in tax advantaged.

Total International in taxable.

Fill the remaining space in each with Total Stock.

Rebalance once a year.

Easy peasy.
by dickenjb
Thu Apr 17, 2014 10:09 am
 
Forum: Investing - Help with Personal Investments
Topic: Help looking for ways to get to 50-50
Replies: 19
Views: 1434

Re: Central AC and Forced Hot Air Heat (Gas)

tibbits, curious to know who made your unit. I put in a Trane system with 10 year parts & labor warranty. Last June we came back from a family holiday in Costa Rica to a house at 88 degrees. After replacing the refrigerant several times they finally found the leak in the inside coil. Fortunately...
by dickenjb
Thu Apr 17, 2014 9:06 am
 
Forum: Personal Consumer Issues
Topic: Central AC and Forced Hot Air Heat (Gas)
Replies: 14
Views: 908

Re: Central AC and Forced Hot Air Heat (Gas)

If you have an old school furnace you might want to upgrade to a dual stage furnace with a variable speed fan at the same time you replace the AC. If your furnace is less than 80 AFUE it might pay to replace it as well. The variable speed fan allows the AC to run more efficiently as it runs on slow ...
by dickenjb
Thu Apr 17, 2014 8:41 am
 
Forum: Personal Consumer Issues
Topic: Central AC and Forced Hot Air Heat (Gas)
Replies: 14
Views: 908

Re: Tax Efficient "Gifting" for K-12 private school tuition

If the beneficiaries of the IRA were set up properly, your GF should have an inherited IRA set up for her benefit! Do not make the mistake of cashing out the IRA and paying all that federal income tax! (You confused us when you called it inheritance tax - it is nothing of the kind). She will need to...
by dickenjb
Thu Apr 17, 2014 8:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Tax Efficient "Gifting" for K-12 private school tuition
Replies: 15
Views: 779

Re: "At Vanguard my voice is my password"

In addition to allowing me to gift appreciated securities to my children (Vanguard open ended funds only), it also allows you to wire money to a third party. I have used it twice when my wife buys a horse. The first transaction used to require a lot of paperwork and a MSG. The second was not possibl...
by dickenjb
Thu Apr 17, 2014 8:34 am
 
Forum: Personal Consumer Issues
Topic: "At Vanguard my voice is my password"
Replies: 24
Views: 2269

Re: IRA deduction or contribution limits if you have solo 40

If your permitted contribution to the solo K is "really tiny" you always have the option of NOT contributing to it. In other words, if I had the choice between putting $200 into a solo K for year 2013, but then my income was too high to deduct a $5500 TIRA contribution - well, I would pass...
by dickenjb
Wed Apr 16, 2014 7:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRA deduction or contribution limits if you have solo 401k
Replies: 3
Views: 131

Re: Tax Efficient "Gifting" for K-12 private school tuition

There is no Federal estate tax for estates under a very large value - was $5.25 million, may be more now.
by dickenjb
Wed Apr 16, 2014 3:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax Efficient "Gifting" for K-12 private school tuition
Replies: 15
Views: 779

Re: Looking for Low-Cost Eyeglass Shop I can visit

Costco. My wife and MIL are very satisfied. I had Lasik and don't need glasses anymore. Otherwise I would go to Costco.
by dickenjb
Wed Apr 16, 2014 11:15 am
 
Forum: Personal Consumer Issues
Topic: Looking for Low-Cost Eyeglass Shop I can visit
Replies: 25
Views: 1489

Re: Financial check-up request and unusual 403(b) question

Need your marginal tax rate, not effective.

At $200K HHI, your wife probably should fund 401(k), not Roth 401(k), Her choices are pretty poor - high expense and no large cap blend? I would not fund beyond employer match.

Can't advise on pastor 401(b).
by dickenjb
Wed Apr 16, 2014 11:11 am
 
Forum: Investing - Help with Personal Investments
Topic: Financial check-up request and unusual 403(b) question
Replies: 12
Views: 457

Re: Child's Roth

It was/is a 1099. I'm new here but already love this group. I hope you don't mind if I stick around Thank you! To everyone ~Tove We would love you to stick around. It is a great community. Turbo Tax will give you the correct answer, as does my CPA, but I like to understand the logic behind the calc...
by dickenjb
Wed Apr 16, 2014 9:20 am
 
Forum: Investing - Help with Personal Investments
Topic: Child's Roth
Replies: 27
Views: 1403

Re: Reducing employer stock exposure

A good rule of thumb is to limit your exposure to company stock to 10% of your net worth.

Until you get to the point in your career where in addition to RSU's they start loading you up with options, you should be alright.
by dickenjb
Wed Apr 16, 2014 9:09 am
 
Forum: Investing - Help with Personal Investments
Topic: Reducing employer stock exposure
Replies: 5
Views: 312

Re: Options used to fund ROTH after retirement?

dickenjb - Any portion of “Wages, tips, other compensation” that’s also reflected in the box labeled “Nonqualified plans” doesn’t count as “compensation income” for this purpose. You have probably been making illegal contributions to your IRA. Bruce By the way, not only are you wrong on this point ...
by dickenjb
Wed Apr 16, 2014 9:05 am
 
Forum: Investing - Help with Personal Investments
Topic: Options used to fund ROTH after retirement?
Replies: 11
Views: 547

Re: Child's Roth

tovetove is incorrect if it is W2 compensation - you get to put in the entire contents of Box 1 less Box 11, or $5500 whichever is less. He is correct on 1099 compensation - the allowed contribution is compensation, less any business expenses, less 1/2 SE tax . This puts the SE person on equal footi...
by dickenjb
Wed Apr 16, 2014 9:01 am
 
Forum: Investing - Help with Personal Investments
Topic: Child's Roth
Replies: 27
Views: 1403

Re: Options used to fund ROTH after retirement?

dickenjb - Any portion of “Wages, tips, other compensation” that’s also reflected in the box labeled “Nonqualified plans” doesn’t count as “compensation income” for this purpose. You have probably been making illegal contributions to your IRA. Bruce You are right on the first point and wrong on the...
by dickenjb
Tue Apr 15, 2014 6:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Options used to fund ROTH after retirement?
Replies: 11
Views: 547

Re: Child's Roth

- What custodian will allow retirement accounts for minors - as far as I know it's not Vanguard but could well be wrong. You are wrong. Both of my children's Roth IRA's are with Vanguard. Vanguard will not let you open the account online if the beneficiary is a minor. Has to be done "old schoo...
by dickenjb
Tue Apr 15, 2014 6:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Child's Roth
Replies: 27
Views: 1403

Re: Child's Roth

Well I have my 20 year old in Vanguard TR2050 and the 17 year old in TR2055, so TR2060 for a 5 year old sounds about right. Especially since Vanguard does not offer TR2065 yet. :happy My children have summer jobs as lifeguards. It is all on the up-and-up. I let them keep 100% of their net, and I mat...
by dickenjb
Tue Apr 15, 2014 5:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Child's Roth
Replies: 27
Views: 1403

Re: Options used to fund ROTH after retirement?

papiper, I can assure you they do count. The safe harbor for IRA contributions with respect to W2 income is Box 1 less Box 11. My option profits (NSO's) show up in Box 1 on a W-2 from my former employer. I make sure to exercise enough options each year to realize $13,000 of income to cover Roth for ...
by dickenjb
Tue Apr 15, 2014 5:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Options used to fund ROTH after retirement?
Replies: 11
Views: 547

Re: Investments/Allocations

Looks great to me although I personally would not have added the international bonds. Ignore your friend who says you have to fund your retirement cash flow needs with dividends. Quite frankly, he does not know what he is talking about. You have a well diversified and low cost portfolio. You can exp...
by dickenjb
Tue Apr 15, 2014 3:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investments/Allocations
Replies: 11
Views: 665

Re: How far in advance to look for rental house or apt?

If it is of any help, I just got back from a week in Reno and my wife and I spent several nights in the Residence Inn just south of town. It was a nice place and they even give you dinner 3 nights a week as well as breakfast every day. Stays of 30+ days are only $99 a night. This was my first visit ...
by dickenjb
Tue Apr 15, 2014 11:07 am
 
Forum: Personal Consumer Issues
Topic: Moving to Reno: When to look for a rental?"
Replies: 12
Views: 587

Re: IRA Contributions AFTER 70 1/2 years of age??

You must be under 70.5 years age to contribute in a traditional IRA. However, no age limit for ROTH IRA as long as other criterion satisfied. i.e. earned income. Actually you don't even need earned income, just compensation. That includes W-2 income, self employment income, non taxable combat pay, ...
by dickenjb
Tue Apr 15, 2014 10:38 am
 
Forum: Investing - Help with Personal Investments
Topic: IRA Contributions AFTER 70 1/2 years of age??
Replies: 12
Views: 740
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