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22twain

What are your current expenses, and what you do you expect/want them to be when you retire? It makes a difference whether you're in a low- or medium-cost-of-living area with relatively inexpensive lifestyle, hobbies and/or travel, or in a high cost-of-living area, go to expensive restaurants and enj...

22twain

We need bots to help on the buying side though. We need bots that will contact the Hollys and negotiate a price based on what we want. And do other things for us, representing our interests and priorities, not the vendor's. "Good morning, sir! While you were sleeping I renegotiated your car le...

22twain

If she needs the $15K for just one or two years, she can get part of it from dividends from the $200K in a suitable stock or bond index fund, and sell some shares from those funds to get the rest of it. Or simply set aside $30K in a savings account for this purpose and invest the remaining $170K wit...

22twain

International bonds are a rather new component of Vanguard's target retirement and other balanced funds. A lot of people here are skeptical about them and prefer to stick with a 3-fund portfolio using only domestic bonds (e.g. Total Bond Market). So I think it would be reasonable to replace the inte...

22twain

Generally, when Apple introduces a new model of one of its devices, they cut the price of the preceding model to clear out stock. Therefore, if you don't need the "latest and greatest", you can save some money by buying the preceding model shortly after the new one appears. New desktop Mac...

22twain

Johnstown Inclined Plane - worth a ride up and down from the bottom. Note that the Johnstown Inclined Plane is different from the two inclines in Pittsburgh, because it carries both passengers and vehicles. The cars are much larger. If you're so inclined (heh), you can pay the extra fare and drive ...

22twain

What if your stipend gets cut back because of poor grades? It happened to me; my assistantship was cut back from 1/2-time to 1/4-time for a semester. What if you decide to bail out of academia, or you don't get a postdoc... how long would it take you to find a "real job"? Your emergency fu...

22twain

A bit specialized, but what the heck (I've actually visited these at various times, with one exception, and enjoyed them): East Liverpool, Ohio: the Pottery Museum chronicles the now mostly-gone pottery industry in the area around the northern bend of the Ohio River. If you're into college football,...

22twain

While dividends are taxed as ordinary income, long term capital gains are usually taxed at a lower rate. My father-in-law worked for the original AT&T (pre-breakup) so my wife inherited shares of various post-breakup descendants. Last year she received dividends from AT&T, Verizon, CenturyL...

22twain

https://www.cancer.org/latest-news/world-health-organization-says-processed-meat-causes-cancer.html Overall, the lifetime risk of someone developing colon cancer is 5%. To put the numbers into perspective, the increased risk from eating the amount of processed meat in the study would raise average ...

22twain

Perhaps I am missing something but how can you add $20k to your IRA accounts as a catch-up? :?: I think you're missing that this is a SIMPLE IRA for self-employed folks. (At least that's how I interpret his statement.) The contribution limits are higher for these than for ordinary IRAs (traditional...

22twain

Welcome to Bogleheads!

The Bogleheads Wiki has a page about this question:

https://www.bogleheads.org/wiki/ETFs_vs_mutual_funds

22twain

Also what does the employer do about the missing worker's responsibilities? Is it just "piled" on top of the same level workers or do they hire temps? They would probably set their overall staffing level taking into account that a certain number would be away at any given time, and shuffl...

22twain

If you're into classical music at all, you might arrange your route to pass through Spillville, Iowa. Antonin Dvorak spent the summer here to take a break from his duties at the conservatory in New York during his visit to the US, and composed some of his more famous works here. There's a small muse...

22twain

unclescrooge wrote:
caffemaven wrote:Hello. I have an interesting situation. [snip]

Consider this a favor. Move out of vanguard and don't look back.

Look carefully at the date on caffemaven's post.

22twain

Personally I think a 3 day work week would be perfection. My wife actually ended up with a setup like this. She retired from her full-time college teaching job because the stress was getting to her. Partly the teaching because of having to do regular "overloads", and partly the extra resp...

22twain

I have never had an emergency fund, and all I have is money invested and money to be invested. I did not have college fund for my kids too, but sent both of them to private colleges. Don't get me wrong. I just make an average salary, and have not inherited any money. What fraction of your investmen...

22twain

Note that at least some of the privacy concerns about free Gmail do not apply to the paid version in G Suite (formerly Google Apps) for Work and G Suite for Education. The college where I worked has used G Suite for Education for years, and I use G Suite for my personal email so I can use my own dom...

22twain

Trakl wrote:I will receive a state employee pension that should provide about 60% income replacement of my final salary, for life.

Will you also get Social Security? (Some pension plans are in addition to SS, whereas others replace SS.)

22twain

Wow, a 9.5-year necropoll. :shock: I wonder how the 2008 data would compare to the current data if they were separated. The poll started before the financial crisis. My employer, from which I'm now retired, gives a fixed-percentage non-matching contribution. It was reduced when they got hit by the e...

22twain

Computers and accessories, tablets, smartphones: 2008 MacBook 2008 Mac Pro Canon printer/scanner Nikon film scanner 2010 iMac (my office computer until I retired recently) 2012? iPad mini 2015 iPhone 5s Other phones: Ancient Nokia non-smartphone Landline speakerphone and caller-ID box Network infras...

22twain

FB01 wrote:there are certain things which are not clear

Which things?

22twain

Don't forget about dividends. My current spending is covered about 25% by deferred compensation, 25% by dividends from my taxable accounts, and 50% from selling taxable shares. I let the dividends accumulate in my money market fund, and sell shares into the money market fund once or twice a year, us...

22twain

Surely only a small fraction of the currency in "circulation" is in paper or coin form?

22twain

Let me guess: TMCD75's dad had a pension, and his brother didn't. Most people nowadays don't get pensions except for Social Security, and have to make their own instead, which requires a largish lump sum to start with.

22twain

Just retired at 63. About 25% in taxable, most of it from an inheritance. At 54 I had < 5% in taxable.

22twain

If you're going to reinvest the RMDs in a taxable account, and you want to maintain the same overall allocation, I'd take them by selling stocks and reinvesting in stocks. The taxes on dividends in the taxable account will be lower than with bonds. (Qualified versus non-qualified dividends)

22twain

As a starting point, consider a single-fund portfolio. Since you already have Vanguard Target Retirement 2025 in a taxable account, you could simply open an IRA at Vanguard, roll your 401K into it, and fill it with TR 2025. This would give you a % of stocks that declines as time passes. If you'd pre...

22twain

If you have to take an unneeded RMD and you invest it in a taxable account then you have just moved the money around since an after tax dollar in your taxable account is worth more than a tax deferred dollar in the IRA. It is all still savings. Exactly. Uncle Sam doesn't care whether you actually s...

22twain

frugalprof wrote:Greenville, SC has nice biking trails, a good regional airport with multiple flights a day to Charlotte.

Or just drive to Charlotte. The Charlotte airport is on the west side of that city. From an east suburban Greenville location it's about 1.5 hours on I-85.

22twain

Do your Social Security estimates take into account stopping work early, and therefore not paying more SS taxes? IIRC, the simple estimates from the SSA that you see on your annual (?) statements assume that you will continue to work until the stated ages.

22twain

Have you tried Firecalc yet? Enter $300,000 for the spending rate, $11,000,000 for the (initial) portfolio, and 60 years, and see what you get. Note that the resulting graph is in current dollars. I get a final worst-case balance (in today's dollars!) of what looks like about $40,000,000, give or ta...

22twain

Even if I lived and invested in France, I wouldn't make any changes just because of the elections there. I'm in the US and I didn't make any changes because of the US election last fall. I admit to feeling some tiny twitches when I saw that stock futures were waaaay down around midnight on election ...

22twain

The FRA went up this year ...for someone who turns 62 this year, versus someone who turned 62 last year,... so there are fewer months to collect DRCs. This decreases the difference between benefits at FRA and at age 70. I may not understand how that works, but for a person reaching FRA this year, a...

22twain

foodstamp wrote:why anyone would want to purchase bond funds at this point in time?

Type "why bonds" into the forum search box at the top of this page. It seems like we have a thread like this every week.

22twain

Charlie Munger, Warren Buffett's better half in the partnership said it best: "I think gold is a great thing to sew into your garments if you're a Jewish family in Vienna in 1939, [...]" Some of those refugees used rare postage stamps instead, because they were lighter and less conspicuou...

22twain

It would help a lot if you could tell us which state you're in. A Google search on "Register of Wills" suggests it might be Pennsylvania or Maryland. Then people who know something about the laws in that state can chime in.

22twain

(car? plane? or train?) If I lived near an Amtrak station (Niagara Falls, Buffalo, Rochester, Syracuse, Utica and maybe some places in between), I'd take the train. Arriving at Penn Station is probably more convenient than driving in and paying for parking, or flying in and getting to Manhattan fro...

22twain

jayhawkerbeef wrote:Topic is often debated on this site. Can search the forum in the upper right.

There's also an article in this site's Wiki:

Main page --> ETFs and mutual funds --> ETFs vs mutual funds

22twain

Different people can have very different tax situations in retirement. One person might get all his money via withdrawals from a 401k, which are taxed at rates for ordinary income. Another might get it from a taxable account via qualified dividends which are taxed at a reduced rate, and from selling...

22twain

I'm now retired, several years away from taking Social Security at 70. My only external (non-portfolio) income in the meantime is a bit of deferred compensation for the next few years. I don't use anything like Benz's bucket scheme, only a small cash bucket for convenience, so that I need to make st...

22twain

I use TurboTax Premier, because I get a discount through my account at T. Rowe Price. Total cost for federal + state was about $50 this year.

22twain

Oops, NYC_Guy beat me to it. Anyway... 1) The ROTH contribution limits ($6500) are lifted if I roll over all or part of my 401k to it, once retired? The contribution limit is still $6500. Contributions and rollovers are different things. Contributions are money that does not come from an IRA, 401k, ...

22twain

was disappointed to hear last year that the FICA income limit was going from $118,500 to $127,200. [OT comment removed by admin LadyGeek] We had a long thread about this a couple of weeks ago: https://www.bogleheads.org/forum/viewtopic.php?f=2&t=212384 Bottom line: the increase was larger than ...

22twain

I live in a small town out in the boonies. While driving to a "big city" about an hour away, I pass through a commercial strip on the outskirts of a somewhat larger town along the way. On one such trip in spring 2009, I thought, "wow, this place looks like a ghost town." At least...

22twain

I've enjoyed (twice) the ferry across the mouth of Mobile Bay, from Fort Morgan to Dauphin Island. If you combine that with driving along Florida's Gulf coast, you should probably figure on two days from St. Augustine to New Orleans, with an overnight in the Pensacola area.

22twain

Small town in SC Approx 2000 sq ft, 2 people Monthly averages for 2016: Electricity $127 (includes kitchen appliances, water heater, and A/C in summer) Gas $63 (includes dryer, and heat in winter) Water $22 Sewer $53 Trash $13 Total $278 Winter high was $371 in February (more heat) Summer high was $...

22twain

Before rolling the money into an IRA, also consider if there are any benefits to keeping it in an employer plan, like being able to do a backdoor Roth. You might also want to look into any differences in legal protection against creditors or lawsuits, for money inside a 403(b) versus a rollover IRA...

22twain

When I started my TIAA-CREF 403(b) accounts at my first teaching job 32 years ago, I set my contributions to 50% CREF Stock and 50% TIAA Traditional. Minor correction: this was actually more like 33-34 years ago. More important, it was in the early 1980s, after a long period of stock-market stagnat...

22twain

When I started my TIAA-CREF 403(b) accounts at my first teaching job 32 years ago, I set my contributions to 50% CREF Stock and 50% TIAA Traditional. They remained that way until I retired last December. Around 1999 I started to think, maybe I ought to change it to 75% CREF Stock. Then the dot-com b...

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