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Re: Advice - retiring at end of year & need help!

Congratulations on your upcoming retirement! :beer Some things that come to mind: 1) Construct a retirement budget. How much you need/desire/can spend will help determine your retirement income strategy. 2) Contact Social Security and get an idea of what you & your wife will receive for various ...
by furwut
Mon Mar 30, 2015 4:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice - retiring at end of year & need help!
Replies: 8
Views: 749

Re: 15, 20, or 30?

If you take out a longer mortgage you preserve the flexibility to either invest the rest or make extra payments to shorten the mortgage.
by furwut
Mon Mar 30, 2015 4:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: 15, 20, or 30?
Replies: 13
Views: 1057

Re: Confused - ACA (Affordable Care Act) refund seems high

Appears to me she was paying the unsubsidized price for the plan. Now that she's filed and her actual income is known she is getting a refund.
by furwut
Sun Mar 29, 2015 12:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Confused - ACA (Affordable Care Act) refund seems high
Replies: 6
Views: 556

Re: Retiring: Have to Rollover 401K to IRA

One concern - you are over 59 1/2 correct?
by furwut
Sat Mar 28, 2015 9:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retiring: Have to Rollover 401K to IRA
Replies: 5
Views: 556

Re: Retiring: Have to Rollover 401K to IRA

Sounds like my plan. I've chosen to defer for now as I'm not taking distributions and with my 401k I have, like you, access to Vanguard funds with a slightly lower ER.

The good part of rolling over is maybe there's a fund you'd like to own that wasn't available to you in your 401k.
by furwut
Sat Mar 28, 2015 9:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retiring: Have to Rollover 401K to IRA
Replies: 5
Views: 556

Re: Is this a decent withdrawal strategy?

Dividends thrown off by his investments are going to be taxed. So use those dollars first to meet spending needs BEFORE selling any shares which would result in capital gains and his owing MORE taxes. Basic strategy is to defer taxes for as long as possible. At 2% your friend can probably meet his s...
by furwut
Sat Mar 28, 2015 1:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is this a decent withdrawal strategy?
Replies: 17
Views: 1528

Re: Is this a decent withdrawal strategy?

2% is very conservative and likely to last your friend's lifetime. One suggestion - all dividends from taxable investments (excepting, perhaps the municipal bonds) should be distributed to his checking account as they are going to be taxed anyway. Since 2% is just about the current yield of his port...
by furwut
Sat Mar 28, 2015 1:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is this a decent withdrawal strategy?
Replies: 17
Views: 1528

Re: Recurring utility bills - How do you pay?

Every bill is auto pay. Most to a credit card a few directly from my checking account. I'm retired - at some point I'll probably setup an automatic distribution to my checking from one of my investment accounts. At that point I guess I could disappear for months and not worry about missing a bill.
by furwut
Sat Mar 28, 2015 12:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Recurring utility bills - How do you pay?
Replies: 43
Views: 2898

Re: HSA as a retirement account

Using an HSA as an additional retirement account has been discussed quite a bit. It's often referred to as a stealth IRA. You cover the ground pretty well on the pluses and minuses. As for investment choices I believe one can periodically transfer the HSA, for a small fee, to another custodian - say...
by furwut
Tue Mar 24, 2015 9:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: HSA as a retirement account
Replies: 2
Views: 343

Re: Roommate problems

The girlfriend should chip in for utilities. A token addition to rent for her share of non-bedroom space utilization would be nice. My advice, though, is to stay out of this. Not your problem. +1. You didn't mention your brother's age but fluidity in living arrangements is to be expected as part of...
by furwut
Sun Mar 22, 2015 2:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Roommate problems
Replies: 39
Views: 4166

Re: Somewhat High Income 401k vs traditional IRA

:oops:
A 401k is a retirement plan. For some reason I was focused on defined benefit pension plans. So JW is right, if you want the tax deferral you'll have to stay with the 401k.

http://www.irs.gov/Retirement-Plans/Are ... nt-Plan%3F
by furwut
Sat Mar 21, 2015 6:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Somewhat High Income 401k vs traditional IRA
Replies: 9
Views: 776

Re: Somewhat High Income 401k vs traditional IRA

Pretty much your choice. If you would like broader choices then invest in a Trad. IRA after you've contributed enough to get the employee match. There is a phaseout in IRA deductibility if either you or your spouse has a retirement plan at work. See http://www.irs.gov/Retirement-Plans/IRA-Deduction-...
by furwut
Fri Mar 20, 2015 8:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Somewhat High Income 401k vs traditional IRA
Replies: 9
Views: 776

Re: Seeking help with IRA

I am doing my taxes right now and realized that I need to pay a lot of taxes partly because of the conversion. I understand that I can reverse the conversion and also I just learned that my new employer offers 401k and would allow traditional IRA be rolled into 401k. My question is that if I can ro...
by furwut
Thu Mar 19, 2015 1:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Seeking help with IRA
Replies: 7
Views: 605

Re: Retired - When to Sell to Generate Cash

Some more links KICKING THE BUCKET STRATEGY Unraveling Retirement Strategies: Time-Segmentation Understanding Sequence Of Return Risk – Safe Withdrawal Rates, Bear Market Crashes, And Bad Decades Instead, the real problem is not a bad year or two at the beginning of retirement, but a bad decade to s...
by furwut
Mon Mar 16, 2015 11:27 am
 
Forum: Investing - Theory, News & General
Topic: Retired - When to Sell to Generate Cash
Replies: 30
Views: 1961

Re: Retired - When to Sell to Generate Cash

For mutual funds/ETFs most are set for dividends/capital gains to be deposited in cash. :beer I understand the theory of the few years of living expenses in cash is so that I don't have to sell if the market is down. A theory that is quite contentious around here. My question is: do I sell some ass...
by furwut
Mon Mar 16, 2015 10:59 am
 
Forum: Investing - Theory, News & General
Topic: Retired - When to Sell to Generate Cash
Replies: 30
Views: 1961

Re: 1095-A mistake (No SLCSP)

Here's the Turbo Tax instruction that I saw. WE should note that this is a user not a Turbo Tax response! Question: how to determine price of SLCSP - I entered my 1095 A information exactly as it is shown on my form and ttax wants a value for SLCSP and I have no idea how to find that I am stuck at s...
by furwut
Sun Mar 15, 2015 6:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: 1095-A mistake (No SLCSP)
Replies: 10
Views: 670

Re: 1095-A mistake (No SLCSP)

I have to just laugh. Here is, what I think, is the pertinent instructions from the IRS in the link you provided. If no advance credit payments are made for the coverage, enter the premiums for the SLCSP that would apply to all individuals identified in Part II as covered for the month. Leave column...
by furwut
Sun Mar 15, 2015 6:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: 1095-A mistake (No SLCSP)
Replies: 10
Views: 670

Re: How to find Second Lowest Cost Silver Plan for your area

Yes - I obtained my SLCSP figure from my state run exchange. I don't know why the figure isn't automatically provided for you on the 1095-A. Having to hunt for it out on the web is likely to result in a lot of errors.
by furwut
Sun Mar 15, 2015 6:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to find Second Lowest Cost Silver Plan for your area
Replies: 14
Views: 2168

Re: 1095-A mistake (No SLCSP)

How did you figure that out? That's what the Turbo Tax instructions told me to do when I clicked on the more info link for SLCSP. Initially I didn't enter this column of data as it was blank on the 1095-A I received from my exchange. During the Smart Check review in Turbo Tax it flagged this form f...
by furwut
Sun Mar 15, 2015 5:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: 1095-A mistake (No SLCSP)
Replies: 10
Views: 670

Re: Do you still use currency or have you gone all-plastic?

All plastic all the time. I have a rewards checking account. In order to earn the 2.75% interest I need to have a minimum of 12 swipes a month. So I use their card for all small transactions.
by furwut
Sun Mar 15, 2015 5:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you still use currency or have you gone all-plastic?
Replies: 47
Views: 3211

Re: Gaming amazon product reviews

Buzzfeed story (with link to NPR coverage) on Amazon's official reviewers. What It’s Really Like To Be An Amazon Super Reviewer I have a family member who does this. I have to wonder if there isn't some subtle pressure to give positive reviews in order to remain in the program. I also wonder if comp...
by furwut
Sun Mar 15, 2015 5:26 pm
 
Forum: Personal Consumer Issues
Topic: Gaming amazon product reviews
Replies: 16
Views: 2172

Re: 1095-A mistake (No SLCSP)

I ran into this when doing my taxes as well. My understanding, from the information in Turbo Tax , is that data for column B (SLCSP) is present on your 1095-A when you have received an Advanced Premium Tax Credit (APTC). If you haven't received an APTC and believe you are eligible for a tax credit n...
by furwut
Sun Mar 15, 2015 5:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: 1095-A mistake (No SLCSP)
Replies: 10
Views: 670

Re: Sell gas station for one dollar

I think your friend's father needs to engage a lawyer with strong environmental/EPA knowledge.
by furwut
Sat Mar 14, 2015 9:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Sell gas station for one dollar
Replies: 48
Views: 3924

Re: 401K leaving employer

Judging from posts here asking for advice on which fund(s) to choose from their plans I would say that many people would find the choices with an IRA to be both wider and less expensive. An advantage with 401ks is the ability to take loans. Though one needs to check to see if a plan allows loans aga...
by furwut
Sat Mar 14, 2015 8:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: 401K leaving employer
Replies: 25
Views: 1871

Re: LifeStrategy Moderate Growth vs Separate funds

I would point out that for people holding 401(k) and 403(b) funds directly with Vanguard there is no fee savings to be had by investing in individual funds compared to target retirement or lifestyle funds. Admiral shares are unavailable within Vanguard 401(k) and 403(b) plans so nothing is really g...
by furwut
Fri Mar 13, 2015 12:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: LifeStrategy Moderate Growth vs Separate funds
Replies: 38
Views: 2986

Re: LifeStrategy Moderate Growth vs Separate funds

I'm retired and currently use the separated approach. But as I spend down my taxable account and, upon reaching 65 when I'm required to rollover my 401K to an IRA, my thought is I will switch to LS Moderate Growth. I had thought that if there were any rebalancing bonus to be had it would come from d...
by furwut
Fri Mar 13, 2015 12:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: LifeStrategy Moderate Growth vs Separate funds
Replies: 38
Views: 2986

Re: Silly Question About Tax Refund

Yes it's taxable. No - you may not get a 1099.

https://ttlc.intuit.com/questions/19334 ... om-irs-gov
by furwut
Thu Mar 12, 2015 5:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Silly Question About Tax Refund
Replies: 12
Views: 1680

Re: Rollover my IRA to Roth?

Do you have a retirement plan at work that accepts rollover contributions? If so, that would be my first choice for the $7k. If not then I'd go ahead and convert to the Roth now and continue the back door going forward.

Pay the taxes on any conversion out of pocket and not from the balance.
by furwut
Thu Mar 12, 2015 1:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rollover my IRA to Roth?
Replies: 3
Views: 472

Re: $600 night guard for teeth grinding, really?

I tried an OTC mold. It didn't fit well. I then got a mouth guard made by the dentist. It fits very well. Prior to the mouth guard i woke up every morning with a sore jaw from the clenching. I think the dentist made mouth guard cost around $300. Maybe you should shop around. EDIT: I now recall cost ...
by furwut
Thu Mar 12, 2015 9:06 am
 
Forum: Personal Consumer Issues
Topic: $600 night guard for teeth grinding, really?
Replies: 92
Views: 5760

Re: How often does your credit card change?

3 times in one year? Well you could ask them. If the CC numbers or verification code is getting changed each time I'd guess that somehow they've been repeatedly hacked and are aggressively reissuing cards to get ahead of any fraud. Normal for me is 2 - 4 years. But only the verification code changes...
by furwut
Wed Mar 11, 2015 4:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: How often does your credit card change?
Replies: 10
Views: 800

Re: Bond options in my 401K?

Morning Star reports an ER of 0.60% so not great. I think low ERs are important for stocks and really important for bond funds since the expected return is that much lower. When faced with less than great choices in a 401K plan choose the least worst and compensate in your other accounts. :beer
by furwut
Wed Mar 11, 2015 4:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bond options in my 401K?
Replies: 2
Views: 267

Re: Credit Check to Rent an Apartment?

Yes, any professional run leasing company these days is going to insist on a credit check. You can try pre-paying several months rent but don't be surprised if the offer is refused. Having good credit suggests you will be a responsible tenant.
by furwut
Wed Mar 11, 2015 3:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Check to Rent an Apartment?
Replies: 23
Views: 1520

Re: Financial Hard Times - accessing 401k money smartly. Hel

Do they own their home? Is there equity there they could tap?
by furwut
Wed Mar 11, 2015 1:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Financial Hard Times - accessing 401k money smartly. Help!
Replies: 9
Views: 1263

Re: Debt management strategy questions

At 1.625% I wouldn't prepay the school loans. Financially always pay the higher cost loan first. You're probably in a high tax bracket so I wouldn't be eager to pay off the mortgage either. I'd concentrate on saving & investing. You can always change your mind and pay off debt down the road. Als...
by furwut
Fri Mar 06, 2015 3:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: Debt management strategy questions
Replies: 8
Views: 351

Re: Availability of X-Files Episodes on Netflix

I was watching 'That 70s Show' on Netflix instant last year when the episodes disappeared. A few weeks later they were back on after Netflix re-upped their agreement with whoever controls the rights.
by furwut
Fri Mar 06, 2015 1:21 pm
 
Forum: Personal Consumer Issues
Topic: Availability of X-Files Episodes on Netflix
Replies: 7
Views: 613

Re: How do you decide when to buy car?

I think a good rule of thumb is when you feel its necessary to call ahead every place you're going and ask them to send out a tow truck if you don't show up.
by furwut
Fri Mar 06, 2015 12:39 pm
 
Forum: Personal Consumer Issues
Topic: How do you decide when to buy car?
Replies: 50
Views: 3311

Re: Stupid Question from a Finance Newcomer

Oops, I forgot to clarify! My employer does not offer a 401(k) match (or any sort of retirement help). That's why I skipped over a 401(k) for a Roth IRA. Ok - job one should be to get an e-fund of about 6 months expenses. You can use the Roth IRA to do this since you are free to remove your contrib...
by furwut
Fri Mar 06, 2015 12:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Stupid Question from a Finance Newcomer
Replies: 6
Views: 336

Re: Stupid Question from a Finance Newcomer

red5 wrote:Consider building your emergency fund inside of a Roth IRA, but use some ultra-safe investing fund. Otherwise use a savings account.


I was just about to add this. Here's the Wiki link on the subject:
Roth IRA as an emergency fund
by furwut
Fri Mar 06, 2015 12:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Stupid Question from a Finance Newcomer
Replies: 6
Views: 336

Re: Stupid Question from a Finance Newcomer

Do you have a retirement savings plan available to you at work? If so - many companies will match any contribution you make up to a certain amount.
by furwut
Fri Mar 06, 2015 12:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Stupid Question from a Finance Newcomer
Replies: 6
Views: 336

Re: How can I follow the mid-day progress of the 4500 comple

You might find this blog post by The Finance Buff interesting: Buying On Dip With 2013 IRA Contribution My take on it is that in the grand scheme of things such strategies are small potatoes - I'd rather focus on building my portfolio through saving and investing for the long term. But hey - everybo...
by furwut
Fri Mar 06, 2015 11:52 am
 
Forum: Investing - Theory, News & General
Topic: How can I follow the mid-day progress of the 4500 completion
Replies: 4
Views: 464

Re: Wade Pfau backs away from the rising glidepath rec?

Thanks for the link. I skimmed the article - will read more closely later.
by furwut
Fri Mar 06, 2015 11:34 am
 
Forum: Investing - Theory, News & General
Topic: Wade Pfau backs away from the rising glidepath rec?
Replies: 4
Views: 733

Re: Evernote Premium Worth It?

Evernote Premium features

I have a premium account. Since extracting notes out of Evernote and into a usable format is not supported paying them some money to stay in business seems like a good idea.
by furwut
Thu Mar 05, 2015 5:35 pm
 
Forum: Personal Consumer Issues
Topic: Evernote Premium Worth It?
Replies: 28
Views: 2122

Re: "Americans Aren't Saving Enough for Retirement"

I saw this article yesterday but thought it too polemical for posting here. :happy My take would be to make the TSP available for all - but Wall St and the mutual fund industry would howl! If you are saving substantially more than 10% and have relatively low living expenses, you can show that change...
by furwut
Wed Mar 04, 2015 10:46 am
 
Forum: Investing - Theory, News & General
Topic: "Americans Aren't Saving Enough for Retirement"
Replies: 41
Views: 4780

Re: Help understanding my wife's new pension / 401k change

It's roughly the amount earned over 25 years starting at say $70,000 and getting a 3%/yr increase.
by furwut
Tue Mar 03, 2015 1:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help understanding my wife's new pension / 401k change
Replies: 3
Views: 401

Re: Buying a home without a realtor

I recommend using more than one appraiser and averaging the results.
Buyer should select and pay for the inspection.
Seller should offer and pay for a 1 year home warranty.
by furwut
Tue Mar 03, 2015 1:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying a home without a realtor
Replies: 23
Views: 1670

Re: Job offer questions - appropriate?

FYI - This post shows the value of networking and having a contact inside the company able to give you another viewpoint besides the company line.
by furwut
Mon Mar 02, 2015 11:59 am
 
Forum: Personal Consumer Issues
Topic: Job offer questions - appropriate?
Replies: 23
Views: 1204

Re: ROTH IRA and Taxable Account question

The maximum IRA contribution for 2015 is $5500 ($6500 over age 50) so the reference to $6000 confuses me? The 2016 contribution limit has not been determined maybe you are thinking it will be $6000? My guess is not unless inflation takes a big up tic this year. Assuming this money is not part of you...
by furwut
Sun Mar 01, 2015 8:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: ROTH IRA and Taxable Account question
Replies: 3
Views: 358

Re: Nearing 40 and Never Invested

Just pick one LS or TR that you can live with for at least 2 years without tinkering and you will be good. When you have $100,000 or when you run out of space each year in tax-advantaged accounts, then take another look as to whether a separate 3-fund portfolio is worth it or not. It really is not ...
by furwut
Sun Mar 01, 2015 6:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Nearing 40 and Never Invested
Replies: 55
Views: 5332
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