Search found 184 matches

by Don46
Fri Aug 19, 2016 5:43 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 898
Views: 102852

Re: What's Your Credit Card Rewards Strategy?

I have been using AMEX Blue Cash Card for quite a number of years. Just received a letter from AMEX stating that my Blue Cash card will be discontinued and I will receive the Blue Cash Everyday Card which offer cash back on purchases of 3% in US supermarkets, 2% US gas stations, 2% US department st...
by Don46
Fri Aug 19, 2016 5:12 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 898
Views: 102852

Re: What's Your Credit Card Rewards Strategy?

With Barclay MCard, we get 5% on groceries. My understanding is markets operate on very thin margins, so no idea how they do this and stay in business! Has the Barclay MCard been discontinued? I cannot find it among the cards listed at the Barclay site: https://home.barclaycardus.com/cards.html 5 p...
by Don46
Thu Aug 18, 2016 6:38 am
Forum: Investing - Help with Personal Investments
Topic: Anyone else getting nervous and converting to cash as a short-term move?
Replies: 116
Views: 11543

Re: Anyone else getting nervous and converting to cash as a short-term move?

I am about 50/50 bonds and stocks and I have allocated about .5 million on the bond side to a stable value fund in my 401k and my 457 fund. It earns about 2.25 percent, better than a lot of bond funds, and it is a good deal more stable. It makes me feel secure in case of a drastic downturn.
by Don46
Tue Aug 02, 2016 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: How many folks choose to give inheritance to their children in unequal portions?
Replies: 193
Views: 17657

Re: What about step children?

How many of you with step children would like to share views on how they should be treated when it comes to inheritance. The considerations I have in mind are: wanting to avoid discord between my two daughters and my second wife and her two sons; my relative closeness to my daughters, their children...
by Don46
Fri Jul 29, 2016 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: My First RMD
Replies: 16
Views: 2100

Re: My First RMD

Very helpful, thank you. I went ahead and took my 2016 RMD in one draw and took out plenty of federal tax withholding. I will set up monthly payments beginning January 2017, also withholding enough that I won't have to worry about quarterly estimated taxes. Onward to retirement! :sharebeer Keep fle...
by Don46
Fri Jul 29, 2016 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Calculators, which one ?
Replies: 19
Views: 2045

Re: Retirement Calculators, which one ?

There is a good review of several of the better retirement calculators/planners at this site: http://time.com/money/4212970/best-retirement-calculators/?xid=newsletter-retirewmoney I have been using the pay version of ESPlanner for a few years, and I like it. Like all such tools, you have to make so...
by Don46
Fri Jul 29, 2016 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC for emergency and when you would use it
Replies: 38
Views: 2769

Re: HELOC for emergency and when you would use it

It is 600k in good times. In bad times it is 300k or less (depends on the exact assets backing it, assume risky ones) and subject to being pulled. Especially if it is at Merrill of all places. They yanked lines like crazy during the financial crisis. I don't know what Schwab did. Other players like...
by Don46
Fri Jul 29, 2016 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: My First RMD
Replies: 16
Views: 2100

Re: My First RMD

Very helpful, thank you. I went ahead and took my 2016 RMD in one draw and took out plenty of federal tax withholding. I will set up monthly payments beginning January 2017, also withholding enough that I won't have to worry about quarterly estimated taxes. Onward to retirement! :sharebeer
by Don46
Fri Jul 29, 2016 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC for emergency and when you would use it
Replies: 38
Views: 2769

Re: HELOC for emergency and when you would use it

This is also a bad idea. Now the size of your 'emergency fund' shrinks dramatically in a crisis. I set up something similar to a HELOC with Schwab but the collateral is assets in my taxable brokerage account. Schwab and I think other brokerage houses have a PAL ( Pledged Asset Line) account which a...
by Don46
Thu Jul 14, 2016 7:53 am
Forum: Personal Finance (Not Investing)
Topic: My First RMD
Replies: 16
Views: 2100

Re: My First RMD

How much in TIAA-Cref How much in IRA How much in deferred comp? How much pension? Tier 1? How much of RMD do you need? caught the merri-go round ring. Congrats. :beer I presently have 1.3 million in my Schwab IRA, rolled over from earlier TIAA 403b accounts from former employers, plus some money f...
by Don46
Thu Jul 14, 2016 7:35 am
Forum: Personal Finance (Not Investing)
Topic: My First RMD
Replies: 16
Views: 2100

Re: My First RMD

Remember, if you have a 403b balance, your RMDs for the 12/31/1986 balance do not begin until the year you reach 75. That may provide a planning opportunity for you, in addition to the first year RMD option (the year you reach 70.5) under which you can defer all or part of your first RMD to the fir...
by Don46
Thu Jul 14, 2016 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Question-Spousal Benefits
Replies: 17
Views: 2339

Re: Social Security Question-Spousal Benefits

Don 46 I too ran the numbers on the ES Planner and was surprised to see I can file at 62 and when she files at 66 a few months later she can do a restricted application and collect spouse benefit on my record and delay to 70 then collect on her own record. Only downside is I am deemed at 62 for lif...
by Don46
Wed Jul 13, 2016 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Question-Spousal Benefits
Replies: 17
Views: 2339

Re: Social Security Question-Spousal Benefits

I just went through this with SS this morning and learned that my wife, born in 1951, will be able to receive spousal benefits up to 50 percent of my SS, which I filed for when I turned 66. Then she can file for her benefits at age 70. Hers will be more than double what she is getting as a spouse. ...
by Don46
Wed Jul 13, 2016 9:03 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC for emergency and when you would use it
Replies: 38
Views: 2769

Re: HELOC for emergency and when you would use it

I set up something similar to a HELOC with Schwab but the collateral is assets in my taxable brokerage account. Schwab and I think other brokerage houses have a PAL ( Pledged Asset Line) account which allows you to draw up to 70 percent of the value of your assets. Yes, this exposes your assets to s...
by Don46
Wed Jul 13, 2016 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 898
Views: 102852

Re: What's Your Credit Card Rewards Strategy?

This is interesting. Most of you are not using credit cards to build miles for airline tickets. I am about to retire and looking forward to a lot of overseas travel. I built up about .5 million miles in my American Airlines frequent flier account by taking advantage of new offers and running a lot o...
by Don46
Wed Jul 13, 2016 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Refi worth it? 20yr @ 3.625 vs 15yr @ 2.625
Replies: 10
Views: 1515

Re: Refi worth it? 20yr @ 3.625 vs 15yr @ 2.625

mortgageprofessor has some good tools for comparing mortgage rates, points, other fees, etc. Here is the web site for the Mortgage Professor, mentioned above, which I have also found very useful for making decisions. http://www.mtgprofessor.com/home.aspx That is a terrific rate for a 15 year fixed....
by Don46
Wed Jul 13, 2016 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: My First RMD
Replies: 16
Views: 2100

My First RMD

I turned 70 in February and though I will work until next July, I have to withdraw my first Required Minimum Distribution this year. On the first in, first out principle I am imagining that my withdrawal comes from those meager funds I salted away 45 years ago when I began my career as a college pro...
by Don46
Wed Jul 13, 2016 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Question-Spousal Benefits
Replies: 17
Views: 2339

Re: Social Security Question-Spousal Benefits

Alternatively, the wife can file a restricted application for a spousal benefit on her husband's account... In November 2015, a new law eliminates two Social Security claiming strategies for married couples: “file-and-suspend” and “restricted application.” No more free lunch. People born before Jan...
by Don46
Mon Jun 27, 2016 2:44 pm
Forum: Investing - Theory, News & General
Topic: Fund swaps to harvest losses
Replies: 13
Views: 1086

Re: Fund swaps to harvest losses

I did not do it for TLH; I did it because I caved into the temptation of market timing. Shame on me, I know.
by Don46
Mon Jun 27, 2016 1:56 pm
Forum: Investing - Theory, News & General
Topic: Fund swaps to harvest losses
Replies: 13
Views: 1086

Re: Fund swaps to harvest losses

Gee, by waiting I harvested over $8k. I'm making money! :x
I went ahead and sold off what I had in the IRA too, just for good measure.
I'll do some research on alternatives or bide my time before getting back into SCHF, my favorite low cost vehicle for international.
by Don46
Mon Jun 27, 2016 7:53 am
Forum: Investing - Theory, News & General
Topic: Fund swaps to harvest losses
Replies: 13
Views: 1086

Fund swaps to harvest losses

I have part of my international stock allocation in a taxable account, and it is showing some loss, thanks to Brexit. I'm considering harvesting some losses by selling my SCHF (Schwab International ETF) and ... a) waiting 30 days to reinvest in this fund, which has very low ER or b) buying another s...
by Don46
Tue Jun 07, 2016 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: Buying Vanguard funds in other brokerage accounts
Replies: 5
Views: 804

Re: Buying Vanguard funds in other brokerage accounts

I am also a Schwab customer and have been for so many years I just did not want to make the transition to Vanguard. I thought I would invest in Vanguard through Schwab, but then I could not buy the Admiral funds. Then I discovered the really low ER Schwab ETFs and I'm glad I stayed. I'm paying far l...
by Don46
Tue Jun 07, 2016 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: No more Financial Advisor - any advice how to simplify my portfolio?
Replies: 16
Views: 1588

Re: No more Financial Advisor - any advice how to simplify my portfolio?

I went through this process beginning in 2013, and I'm still going through it, I suppose, because I did not want to incur too much capital gains on several of the really good investments my advisor put me in. My wife and I have about two thirds of our savings in tax deferred retirement accounts, so ...
by Don46
Sun Jun 05, 2016 11:52 am
Forum: Investing - Help with Personal Investments
Topic: What is your current rate of return?
Replies: 10
Views: 1468

Re: What is your current rate of return?

I use SigFig to track all my investment accounts and one can quickly view gains for 1 day through 1 year, including YTD. One problem is that it will not sync with certain retirement accounts and I have had to enter those manually. https://www.sigfig.com/site/#/home/am I love the SigFig app. PS I for...
by Don46
Sun Jun 05, 2016 11:09 am
Forum: Personal Consumer Issues
Topic: How To Write A Book Proposal
Replies: 16
Views: 1440

Re: How To Write A Book Proposal

I have authored what are called serious non-fiction books. The best book I discovered on getting published is Susan Rabiner's Thinking Like Your Editor. It takes you through how to write the proposal and the book. I found an agent who knows the ropes and was able to pitch the proposal to several pro...
by Don46
Sat Jun 04, 2016 2:47 pm
Forum: Local Chapters and Bogleheads Community
Topic: Interested in a Charleston SC Area Local Chapter?
Replies: 13
Views: 4293

Re: Interested in a Charleston SC Area Local Chapter?

Sounds like there's enough interest to get a Charleston SC Local Chapter going. All we need now if for one of you to agree to be the Local Chapter coordinator. That person doesn't have to be an investing guru. Rather, he/she simply communicates with the other members regarding meeting dates, locati...
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: 459

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: 2500

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: 2500

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: 2500

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: 2500

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: 1500

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: 1500

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: 1500

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: 1500

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: 1500

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: 1500

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: 1500

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: 1063

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: 1063

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: 1063

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: 1063

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: 6142

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: 2648

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: 2648

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: 2648

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: 1172

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: 1172

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: 1119

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: 1119

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.

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