Search found 158 matches

by Don46
Thu May 19, 2016 4:30 pm
Forum: Investing - Theory, News & General
Topic: Tax Efficient Allocations in Taxable and Tax Deferred Accounts
Replies: 3
Views: 359

Tax Efficient Allocations in Taxable and Tax Deferred Accounts

I am going into retirement one year from now and have about 40 percent of my assets in Taxable accounts, 60 percent in various tax deferred accounts. I want about a 50/50 allocation stocks and bonds. At present I have placed all my bond funds (Schwab SCHZ, intermediate) in the tax deferred account, ...
by Don46
Thu May 19, 2016 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Scenarios for Retirement
Replies: 16
Views: 2290

Re: Tax Scenarios for Retirement

I've used excel1040.com to run tax scenarios. Didn't seem to be that difficult: enter current tax data (easy to do, copy from existing tax return) to create a known baseline, then make changes. As Excel has a Scenario Manager, can use that. But I found it easier to enter a new sheet (after Sch B) t...
by Don46
Mon May 09, 2016 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Tax Scenarios for Retirement
Replies: 16
Views: 2290

Re: Tax Scenarios for Retirement

The mrmoneymustache link in FiveK's earlier post is what you want; MMM is m r m oney m ustache :thumbsup Edit: never mind, I thought that link went to a spreadsheet Edit 2: I guess I should quit...the link does go to a spreadsheet! :oops: Yes, it's not immediately obvious that the spreadsheet link ...
by Don46
Sun May 08, 2016 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Scenarios for Retirement
Replies: 16
Views: 2290

Re: Tax Scenarios for Retirement

A spreadsheet that does "all the tax calculations you need" could offer the best of both worlds. E.g., an Excel front end that uses TA, TT, or H&RB for calculations might be very useful. Depends on what one needs - thus the question about what is meant by "detail." The sprea...
by Don46
Sun May 08, 2016 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Scenarios for Retirement
Replies: 16
Views: 2290

Tax Scenarios for Retirement

I have a CPA who prepares my taxes but I want to play around with various what if scenarios in retirement, which lies one year ahead. I used to use TurboTax when I did my own taxes. I have used TaxCaster for rough and ready estimates, but I want more detail. What do people recommend for this sort of...
by Don46
Sun Apr 03, 2016 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Investment Questions on Verge of Retirement
Replies: 13
Views: 1313

Re: Investment Questions on Verge of Retirement

I'm not paying any financial advisor. I learned that lesson a while back; that's when I discovered this forum. The Schwab guy is not a paid advisor, just a broker. I asked for a free pre-retirement check up and he ran my numbers through their program (similar to one they have available online). He ...
by Don46
Sun Apr 03, 2016 11:50 am
Forum: Investing - Help with Personal Investments
Topic: Investment Questions on Verge of Retirement
Replies: 13
Views: 1313

Re: Investment Questions on Verge of Retirement

Which Tax software do you recommend for future tax projections? I have a CPA who does our taxes, and I've not played with Turbo Tax or the others in years now. I have used both TurboTax Deluxe and H&RBlock Deluxe (neither online, but on a computer at home) and can recommend whichever is less ex...
by Don46
Sat Apr 02, 2016 10:24 am
Forum: Investing - Help with Personal Investments
Topic: Investment Questions on Verge of Retirement
Replies: 13
Views: 1313

Re: Investment Questions on Verge of Retirement

I'd suggest caution on those individual muni bonds. The "spreads" that individual investors pay on individual muni issues are not at all competitive with what institutional investors receive/pay, with commissions being as much as 2x and 3x more than what brokers earn on a more widely-trad...
by Don46
Sat Apr 02, 2016 10:21 am
Forum: Investing - Help with Personal Investments
Topic: Investment Questions on Verge of Retirement
Replies: 13
Views: 1313

Re: Investment Questions on Verge of Retirement

Our taxable income will consist of my RMD (about 77k), SS (32k) her pension (28k) and SS (16k), plus capital gains, dividends, interest. How does that compare to your expenses? If that would cover all or most of your expenses then you are in effect investing your portfolio for whoever will inherit ...
by Don46
Sat Apr 02, 2016 9:54 am
Forum: Investing - Help with Personal Investments
Topic: Investment Questions on Verge of Retirement
Replies: 13
Views: 1313

Re: Investment Questions on Verge of Retirement

Do you donate to charity? If so, do you have a Donor Advised Fund (DAF)? One can donate appreciated stock investments held more than a year to charity (and to a DAF) and get not only a tax deduction (if you itemize), but also avoid capital gains taxes. In a similar way, if one is age 70.5 or older ...
by Don46
Sat Apr 02, 2016 7:20 am
Forum: Investing - Help with Personal Investments
Topic: Investment Questions on Verge of Retirement
Replies: 13
Views: 1313

Re: Investment Questions on Verge of Retirement

I would be most concerned about buying a ladder of individual muni bonds. There's a lack of transparency in the mark-up for bonds. As a result the individual investor ends up often paying much more for individual muni bonds on the secondary market. As much as I like Schwab I don't go along with tha...
by Don46
Fri Apr 01, 2016 3:45 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Questions on Verge of Retirement
Replies: 13
Views: 1313

Investment Questions on Verge of Retirement

I hope I have entered all the portfolio data correctly here ... Current retirement assets Taxable (Schwab PAL Acct) ER 2.8% CASH FOR INVESTING 23.5% SCHB 0.03 3.0% JAH 2.6% FUN 1.4% HSIC 0.8% CVS 1.3% UNP His Tax Deffered (457, 401k supplemental no match) 6.2% STABLE VALUE 6.3% STABLE VALUE 6.5% TCL...
by Don46
Sat Jan 09, 2016 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Spending as Percent of Investment Assets
Replies: 13
Views: 965

Re: Retirement Spending as Percent of Investment Assets

Don, You could consider the variable percentage withdrawal (VPW) method: ⋅  Bogleheads wiki page: wiki: Variable percentage withdrawal ⋅  Discussion and support thread: discussion: Variable Percentage Withdrawal This method adapts withdrawals to the retiree's retirement horizon ...
by Don46
Sat Jan 09, 2016 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Spending as Percent of Investment Assets
Replies: 13
Views: 965

Re: Retirement Spending as Percent of Investment Assets

My wife is younger and, based on her family history, might live 30 more years. Better start with 4% then. 4% is based on worst-case in the past, making your money last 30 years. After a few years, if things are going well, up your withdrawals a bit. You guys are getting $78k a year from pensions an...
by Don46
Sat Jan 09, 2016 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Spending as Percent of Investment Assets
Replies: 13
Views: 965

Re: Retirement Spending as Percent of Investment Assets

Don't look how much to drain your principal but what you will be spending. Then adjust your withdrawels to match your budget and adjust yearly. Instead of leaving a legacy start gifting or take family vacations together. I have been a recipient of gifting and it makes both the grifter and giftee mu...
by Don46
Sat Jan 09, 2016 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Spending as Percent of Investment Assets
Replies: 13
Views: 965

Retirement Spending as Percent of Investment Assets

I am about to turn 70 and planning to retire with a comfortable amount of savings in tax deferred (2mil) and taxable accounts (1.3 mil). My wife has a pension (about 28k a year), I'm taking Social Security (about 32k), and she will take spousal SS until 70 and then her own SS at about 35k. We have s...
by Don46
Mon Dec 07, 2015 2:25 pm
Forum: Personal Consumer Issues
Topic: Espresso Machine Recs
Replies: 67
Views: 5490

Re: Espresso Machine Recs

I recently purchased the Rancilio Silvia from Seattle Coffee Gear, and really like it. If you sign up as a new customer, you'll shortly thereafter get a discount coupon and it made the price difficult to beat. In some reviews there are complaints about how long it takes to warm up, but I find it us...
by Don46
Mon Dec 07, 2015 11:42 am
Forum: Personal Finance (Not Investing)
Topic: When to take RMD - verification
Replies: 26
Views: 2375

Re: When to take RMD - verification

It wasn't clear from your response here what you were thinking but 403B and 401K (and 457?) are not IRAs so you cannot lump them all together and take the RMD from just one. If you consolidate them all in the IRA then you can do that eventually since you will just have the 1 IRA. There are some rul...
by Don46
Mon Dec 07, 2015 9:44 am
Forum: Personal Finance (Not Investing)
Topic: When to take RMD - verification
Replies: 26
Views: 2375

Re: When to take RMD - verification

I Question 2: Do I need to withdraw 1/27.4 from each of the FOUR accounts or can I do it from just one? I found the answer in IRS pub 590b; you can withdraw from one or several IRAs, but of course the amount is determined by the total funds in all accounts. I am thinking I will consolidate all four...
by Don46
Mon Dec 07, 2015 9:36 am
Forum: Personal Finance (Not Investing)
Topic: When to take RMD - verification
Replies: 26
Views: 2375

Re: When to take RMD - verification

If this was covered I did not see it: I currently have my tax deferred accounts scattered in a Schwab Rollover IRA (from a previous employer) + a 403b TIAA-CREF from current employer + a 457 and 401k, both linked to current employer. I turn 70 in February 2016. Question 1: The total amount in these ...
by Don46
Sat Dec 05, 2015 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: Expected rate of return for retirement planning
Replies: 7
Views: 1067

Re: Expected rate of return for retirement planning

Thanks all. The software I'm running (ESPlanner) asks for estimates of nominal rates of return for retirement and taxable accounts, and then asks for an estimate of inflation. I have inflation set to 2.5 so my real return is estimated at 2.5 I suppose. I'm about one year out from retirement so I'm p...
by Don46
Sat Dec 05, 2015 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Expected rate of return for retirement planning
Replies: 7
Views: 1067

Expected rate of return for retirement planning

I'm running some retirement planning scenarios and am asked what rate of return I plan on. I am currently 40/60 equities/ bonds. Is it reasonable to plug in 5% as an average return going forward, assuming about the same allocation?
by Don46
Tue Dec 01, 2015 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab PAL credit line as rainy day reserve
Replies: 5
Views: 952

Re: Schwab PAL credit line as rainy day reserve

Assuming you took it out, and stocks dropped 50%, how close to call would you be? If you got close to the call, would you sell bonds to pay it off? Why not just sell bonds now? If you took a loan after stocks dropped in a drastic downturn, how long could you take expected withdrawals from safe asse...
by Don46
Wed Nov 18, 2015 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab PAL credit line as rainy day reserve
Replies: 5
Views: 952

Re: Schwab PAL credit line as rainy day reserve

It is like a margin account but one agrees to not invest in other securities. Yes, it would be subject to call if the ratio fell below 70 percent.
There is always risk but it seems like a very good thing to have on ones side in case of emergency rather than liquidate depressed stocks.
by Don46
Wed Nov 18, 2015 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab PAL credit line as rainy day reserve
Replies: 5
Views: 952

Schwab PAL credit line as rainy day reserve

My wife and I are doing some remodeling on a retirement house we just bought and I wanted to finance about $300k with a low interest HELOC or some other kind of bridge loan. When I went online with my Schwab account to explore HELOCs I discovered a fairly new program, PAL, Pledged Asset Loan (?), wh...
by Don46
Thu Jun 18, 2015 11:33 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Fund: Vanguard Short Term VBISX Query
Replies: 4
Views: 872

Re: Bond Fund: Vanguard Short Term VBISX Query

OK so keep two or three years worth of my RMD payouts in short term and the rest maybe in SCHZ schwabs intermediate term etf (.05 ).
That sounds simple enough.
Thanks
by Don46
Tue Jun 16, 2015 2:10 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Fund: Vanguard Short Term VBISX Query
Replies: 4
Views: 872

Re: Bond Funds Schwab Short Term VBISX Query

My apologies. Yes, I meant to say Vanguard Short Term Bond, in my Schwab IRA, VBISX. I think I will correct the original query just to make it clear to other viewers. I appreciate the advice on the intermediate term fund, which I will certainly consider.
Thanks
by Don46
Tue Jun 16, 2015 6:08 am
Forum: Investing - Help with Personal Investments
Topic: Bond Fund: Vanguard Short Term VBISX Query
Replies: 4
Views: 872

Bond Fund: Vanguard Short Term VBISX Query

A couple of years ago as I transitioned out of a managed account which had my Schwab IRA loaded with a lot of High Yield junk bonds, I parked most of my Schwab IRA (about 1.3 million) in the Vanguard Short Term fund, VBISX (ER .20). [My original post had this incorrectly as a Schwab fund] I'm 69, ab...
by Don46
Tue Jun 16, 2015 6:01 am
Forum: Investing - Help with Personal Investments
Topic: International Equity AA SWISX Query
Replies: 0
Views: 330

International Equity AA SWISX Query

I'm re-balancing, moving toward a 40/50/10 US stock/Bond/International Asset Allocation. I'm 69, about to retire, and am working toward a three fund lazy portfolio (once I work around some big capital gains in my taxable account). I'm in a Schwab account, which I am happy with, and want to use Schwa...
by Don46
Mon Jun 15, 2015 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Need recommendation for financial adviser
Replies: 6
Views: 1191

Re: Need recommendation for financial adviser

I'm exploring this very thing now and am interested in learning about fee only financial advisers. As I understand it, this is quite different from a commission based investment management service where one pays x percent of assets each years for managing investments. This is a per hour financial pl...
by Don46
Tue May 19, 2015 8:05 pm
Forum: Investing - Help with Personal Investments
Topic: International Equities
Replies: 3
Views: 498

International Equities

I am re-balancing my portfolio and want to increase my international equities exposure.
Does the strengthening of the dollar against foreign currencies mean that my dollars will buy more foreign stocks than before?
Is this a good time to be increasing ones international holdings?
Thanks
Don
by Don46
Wed May 13, 2015 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds: VBISX to SCHZ
Replies: 2
Views: 433

Bonds: VBISX to SCHZ

I am transitioning from a more active investment strategy to pre-retirement allocations and presently have my IRA fund largely in VBISX vanguard short term bond fund. I'm considering moving that to a Schwab Intermediate Bond ETF SCHZ or to some other intermediate bond fund with better performance bu...
by Don46
Fri May 01, 2015 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing a Personal Rep (Executor) for Living Trust
Replies: 21
Views: 1538

Re: Choosing a Personal Rep (Executor) for Living Trust

Gill is correct. Banks and trust companies deal with these situations on a regular basis. Since you don't have appropriate individuals, a bank or trust company is a reasonable choice. They'll invest the money averagely. It will probably cost about 1% a year, including recordkeeping, filing the inco...
by Don46
Fri May 01, 2015 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing a Personal Rep (Executor) for Living Trust
Replies: 21
Views: 1538

Re: Choosing a Personal Rep (Executor) for Living Trust

We asked our attorney who agreed. He's been close to a life-long friend. I've known him since high school and he and my husband were college roommates. The only tricky thing is that we're all about the same age. Do you have a trusted attorney (our attorney is a business not an estate attorney) or a...
by Don46
Fri May 01, 2015 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing a Personal Rep (Executor) for Living Trust
Replies: 21
Views: 1538

Re: Choosing a Personal Rep (Executor) for Living Trust

I think you are looking for a trustee, or successor trustee, rather than a personal representative or executor. My understanding is that the personal representative or executor settles your estate (probate, etc.), while a trustee is in charge of managing your trust, making disbursements as necessar...
by Don46
Fri May 01, 2015 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing a Personal Rep (Executor) for Living Trust
Replies: 21
Views: 1538

Choosing a Personal Rep (Executor) for Living Trust

I'm going to be 70 next year, am planning to retire, and move with my wife (64) to a new house by the sea. Ours is a second marriage and we each have two adult children. I have a net worth not far from $4 million, and my wife has less than $400k, but she will have about 75k per year in pension and s...
by Don46
Tue Mar 10, 2015 10:26 am
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 439
Views: 68750

Re: Schwab Intelligent Portfolios

I'm very interested in this new program, which is now launched I see. As I was perusing the SIP website this morning, lo and behold I got a call from a Schwab rep asking me if I had any questions about the program. I have more to learn, but what I learned so far sounds like it will be a good solutio...
by Don46
Wed Mar 04, 2015 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Retiring, buying new home, mortgage query?
Replies: 2
Views: 465

Retiring, buying new home, mortgage query?

My wife and I are getting ready to retire on the SC coast probably in summer or fall 2016. We found a house we really like and are thinking we will go ahead and buy it, maybe rent it out for a year, and then make the move say 15 months from now. I will be 70 when we retire. Interest rates are so low...
by Don46
Mon Jan 19, 2015 5:38 pm
Forum: Investing - Help with Personal Investments
Topic: Fire Wife's Advisor and Incur Tax Hit or Stay The Course?
Replies: 19
Views: 2130

Re: Fire Wife's Advisor and Incur Tax Hit or Stay The Course

I pulled out of a managed account that had over 300k in capital gains more than a year ago. I sold some off, took some losses on others, and will sell others off in due time. No one really likes paying taxes, but capital gains taxes are still low and now you have a stepped up tax basis for the next ...
by Don46
Mon Jan 19, 2015 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken 2015 for Windows - Any reviews?
Replies: 117
Views: 25717

Re: Quicken 2015 for Windows - Any reviews?

I mean we all have a choice as to how we manage our finances and if we're that upset with what Intuit is offering wouldnt it just be easier to choose a different product? ... Some here are content with Mint, but for those of us that want more detail I just don't believe there is another product out...
by Don46
Thu Jan 08, 2015 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review help re to dropping advisor
Replies: 17
Views: 2312

Re: Portfolio Review help re to dropping advisor

It seems you are paying a low, flat fee that amounts to somewhere under .2 percent of the total (2k/ <1m). You are not tied into an investment manager who is taking 1 percent each year off the top, and that is good. Keep in mind that those fees, at least in the taxable account should be deductible. ...
by Don46
Sun Jan 04, 2015 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Planning Review Query
Replies: 5
Views: 1165

Re: Financial Planning Review Query

Don, I am glad to hear you are aware of fees. This is what made me think you may be spending unnecessarily in Expense ratios or fees simply to hold your money there. "my wife and I have about 4m in investments, the bulk in Schwab taxable and IRA accounts, other employee tax deferred plans scat...
by Don46
Sat Jan 03, 2015 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Planning Review Query
Replies: 5
Views: 1165

Re: Financial Planning Review Query

Don46, It is great that you are so close to retirement and have built up such a large nest egg. I may be biased, but I think the best "plan" and review you can get is to present all of your holdings in this format here :) http://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 The pr...
by Don46
Sat Jan 03, 2015 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: ESPlanner renewal
Replies: 5
Views: 1138

Re: ESPlanner renewal

The version of ESPlanner I bought in 2011 works fine. The $50 renewal fee is for updates and access to the forum, and I'm not sure either is essential to my needs. I'm just asking about the renewal, not the program itself, though I'm interested in the evaluation of users, of course. For myself, I ca...
by Don46
Fri Jan 02, 2015 10:11 am
Forum: Personal Finance (Not Investing)
Topic: ESPlanner renewal
Replies: 5
Views: 1138

Re: ESPlanner renewal

Any of you familiar with ESPlanner and the upgrade/renewal program who want to offer a view on this? I see now that for $50 one gets the ESPlanner Plus with the Monte Carlo scenarios. That was not something I felt I needed at the time I bought the original. This is only a $50 decision, I'm not sweat...
by Don46
Fri Jan 02, 2015 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Travel Insurance
Replies: 30
Views: 4478

Re: Travel Insurance

After visiting my mother-in-law at Christmas, and seeing her so frail, I decided to go ahead and get some travel insurance. I did contact Steve at TripInsuranceStore.com and spoke with him, twice. He is very helpful, knowledgeable, and helped me get what i needed. An annual policy did not work for m...
by Don46
Fri Jan 02, 2015 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Financial Planning Review Query
Replies: 5
Views: 1165

Financial Planning Review Query

I'm about to turn 69 and am planning to retire sometime in 2016. Together my wife and I have about 4m in investments, the bulk in Schwab taxable and IRA accounts, other employee tax deferred plans scattered in two different (for each of us) employer determined accounts. I have been working with the ...
by Don46
Sun Dec 21, 2014 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Travel Insurance
Replies: 30
Views: 4478

Re: Travel Insurance

This is very helpful to hear from people who have lots of experience. I was asking in particular about getting an annual policy. It costs more but if one is going on several trips, including domestic, it seems like it would be good value and give one more bang for the buck. I'm going to call and ask...
by Don46
Sun Dec 21, 2014 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Travel Insurance
Replies: 30
Views: 4478

Re: Travel Insurance

I'm to figure how the 94 yo mother fits in here. She's not going with you on the month long trip, but if she passes away while you're over there, you will want to return home early? Is that the main concern? ...and, if so, is that a risk normally covered by travel insurance? Gill There are differen...
by Don46
Sun Dec 21, 2014 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Travel Insurance
Replies: 30
Views: 4478

Re: Travel Insurance

I'm to figure how the 94 yo mother fits in here. She's not going with you on the month long trip, but if she passes away while you're over there, you will want to return home early? Is that the main concern? Or falls ill or whatever one of a dozen things can go wrong with a 94 year old. Yes, that i...

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