Search found 23 matches

by DKD
Fri Jul 07, 2017 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: Am I on track, or just crazy...
Replies: 38
Views: 5695

Re: Am I on track, or just crazy...

You only have one chance to live your life. You have a decent amount of savings, so go for it. One can live very inexpensively around the world. If you need more money later in life, you'll have plenty of job opportunities either here or overseas. And you'll likely be more valuable and marketable, a...
by DKD
Wed Jul 05, 2017 11:36 am
Forum: Investing - Help with Personal Investments
Topic: Should I still buy index funds now at such a high price before an impending recession?
Replies: 59
Views: 7748

Re: Should I still buy index funds now at such a high price before an impending recession?

Advice: don't be concerned about impending recessions or impending upswings. You're always better off with a balanced portfolio and adjusting the balance accordingly as stocks rise or fall. Trying to do decide when to jump in or jump out, has proven to be a fools game, and only leads to frustration ...
by DKD
Wed Jul 05, 2017 11:28 am
Forum: Investing - Help with Personal Investments
Topic: Retirement question - withdraw pretax or post tax money first?
Replies: 40
Views: 2988

Re: Retirement question - withdraw pretax or post tax money first?

As others have also indicated, take a hard look at doing Roth Conversions in the years before RMDs begin. You may find that it helps balance the overall tax load (assuming you really live that long). For my retirement, I am going to be spending down my taxable to fund living expenses and Roth Conver...
by DKD
Tue Jul 04, 2017 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement question - withdraw pretax or post tax money first?
Replies: 40
Views: 2988

Re: Retirement question - withdraw pretax or post tax money first?

Thanks for all the advice. I see I wasn't specific enough and understand that. My $2MM in pre-tax investments are all 401-k and regular IRA investments. My $1MM in post-tax investments are all stock index funds with a cost basis right now of about $900k, a long term capital gain of $100k. So if I we...
by DKD
Mon Jul 03, 2017 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance - is it worth it?
Replies: 156
Views: 9475

Long term care insurance - is it worth it?

There seems to be a lot of controversy over long term care insurance. I'm heading into retirement in a couple of years and I'm wondering if it's important to buy this. The few resources I've found on it suggest that one only should purchase long term care insurance, if one isn't impoverished or if o...
by DKD
Mon Jul 03, 2017 11:11 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement question - withdraw pretax or post tax money first?
Replies: 40
Views: 2988

Retirement question - withdraw pretax or post tax money first?

I have a question, as I prepare for retirement. In my portfolio I have about $1MM in post-tax and $2MM in pretax investments. One advisor suggested I withdraw my post-tax money first, in order to give the pretax money more time to grow, and maintain a larger balance. That seemed to make sense at the...
by DKD
Mon Jul 03, 2017 12:41 pm
Forum: Investing - Theory, News & General
Topic: What's the ideal safe retirement net worth target?
Replies: 218
Views: 29129

Re: What's the ideal safe retirement net worth target?

I would say $3MM is a good minimum to target for retirement in today's world. Obviously, more is better: $3.5MM to 4.0MM would provide a bit of a cushion to relieve natural anxieties during market downturns or years with larger than expected expenses.
by DKD
Mon Jul 03, 2017 11:42 am
Forum: Investing - Help with Personal Investments
Topic: All Weather Portfolio
Replies: 9
Views: 838

All Weather Portfolio

I'm preparing for retirement in 2 years and evaluating a few different investment strategies. There's the classic 4% rule, using a 60/40 stock/bond asset ratio. Then there are those who say that's too risky, and opt to use the Bridgewater All Weather Portfolio strategy: 40/30/15/7.5/7.5 Stocks/Long ...
by DKD
Mon Jul 03, 2017 11:01 am
Forum: Investing - Help with Personal Investments
Topic: Bonds or TIPS?
Replies: 46
Views: 3570

Re: Bonds or TIPS?

Thanks all! Good advice!
by DKD
Sun Jul 02, 2017 8:38 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds or TIPS?
Replies: 46
Views: 3570

Bonds or TIPS?

Currently my asset balance is 60/40 stocks/bonds. The bonds are all index, mostly domestic intermediate term. However they aren't really making any money. With interest rates so low and likely not going any lower, I'm wondering if it's best to move out of bonds into something else that's relatively ...
by DKD
Sun Jul 02, 2017 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Question
Replies: 12
Views: 1458

Re: Social Security Question

Thanks JW, yes, I understand she collects nothing until I start collecting. She's 2 years younger than I am, so that'll work. I also logged onto the ss website and did some what-ifs. It shows I can stop working right now at age 58 and it won't affect my SS benefit amount at all. I'll still collect t...
by DKD
Sun Jul 02, 2017 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Question
Replies: 12
Views: 1458

Re: Social Security Question

Thanks it makes sense to me now. If she's collecting at age 62, she would get half of what I would get if I were collecting at age 62. At age 64 she'd collect have of what I would collect if I were collecting at age 64. And it doesn't make any difference how long I wait to collect, her payments aren...
by DKD
Sat Jul 01, 2017 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Question
Replies: 12
Views: 1458

Re: Social Security Question

Okay thanks - so in order for my spouse to receive $14k, she'd need to wait until she's 64? That makes sense to me. Several people, including my tax planner and Vanguard advisor said otherwise. Their view was that she'd get $14k when she's 62, if I waited to collect until I was 64, because that woul...
by DKD
Sat Jul 01, 2017 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Are Annuities A Worthwhile Retirement Investment?
Replies: 52
Views: 5008

Re: Are Annuities A Worthwhile Retirement Investment?

Thanks for the advice and info everyone. Much appreciated!
by DKD
Fri Jun 30, 2017 9:06 pm
Forum: Investing - Help with Personal Investments
Topic: Are Annuities A Worthwhile Retirement Investment?
Replies: 52
Views: 5008

Are Annuities A Worthwhile Retirement Investment?

I hear mixed thoughts on annuities. Some friends swear by them, others say run from them. Does anyone know when it makes sense to buy an annuity? The people who like them, say they like the fact that it's a guaranteed income. The people who don't, say you lose most, or all, of your principle. It's l...
by DKD
Fri Jun 30, 2017 8:51 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Income Assumptions
Replies: 4
Views: 799

Retirement Income Assumptions

Can someone help me estimate my retirement income and average tax rate for retirement? Assuming I have $1MM in after tax investments and $2MM in taxable 401-k accounts, and that I"m invested 50/50 index stocks/index bonds, is the rule of thumb to figure an income of 4% for 30 years? So $120k? A...
by DKD
Fri Jun 30, 2017 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance Question
Replies: 8
Views: 693

Health Insurance Question

Can someone help me understand what I should estimate for health insurance expense for Medicare? I'm 58 and my wife is 56. I'm planning on retiring when I'm 60, so we'll be buying health insurance off the market until we qualify for medicare. I'm figuring $25k per year for both of us, including abou...
by DKD
Fri Jun 30, 2017 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Question
Replies: 12
Views: 1458

Social Security Question

Can someone help clarify for me the rules on social security with regard to spouses? My wife will receive half my social security. She's two years younger than me. So, if I receive $26 per year at age 62, I know she'll receive $13k per year when she's 62. What I need help with is, what if I wait unt...
by DKD
Sat Nov 26, 2016 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Bond Market Strategy Now
Replies: 24
Views: 4637

Re: Bond Market Strategy Now

Thanks for all the great feedback, advice and insights. I plan to stay the course with my AA. One of the questions asked of me is how much I plan to withdraw during retirement. My goal is to reach $3MM and then withdraw 4% annually - so about $120k - without drawing down the principle.
by DKD
Wed Nov 23, 2016 10:04 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Market Strategy Now
Replies: 24
Views: 4637

Bond Market Strategy Now

I'm interested in some advice on how to manage my portfolio, given the way bonds have been heading. I'm currently invested 54% stocks, 13% cash and 33% bonds. All are index funds. The stocks are 70/30 domestic/international. The bonds are 70/30 domestic/international. 10% long term, 45/45 intermedia...
by DKD
Thu Feb 04, 2016 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: Trustee Question
Replies: 25
Views: 2003

Re: Trustee Question

Yes all good questions and comments. There are legitimate concerns with one of the kids, so it's not best to provide a large windfall in that case. My attorney did cover that with a clause letting the trustee withhold distributions for certain reasons. This whole document is 30 pages long - filled w...
by DKD
Wed Feb 03, 2016 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Trustee Question
Replies: 25
Views: 2003

Re: Trustee Question

Thanks all for your insights. Yes I am using an experienced trust attorney. It's a 30 page document that covers quite a bit, including what happens if the beneficiary becomes irresponsible, chemically dependent, mentally unstable, etc. So, things are well covered in that regard. The 5% per year sche...
by DKD
Tue Feb 02, 2016 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Trustee Question
Replies: 25
Views: 2003

Trustee Question

Can anyone help me with a question on Trustees. My wife and I are doing are estate plan. We plan to leave our assets (roughly $3MM) to our 3 kids and give it to them in stages after we pass. We want the money to be held in a trust, and invested 50/50 equity/bond index funds. They'll get 10% right aw...

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