Search found 195 matches

by Don46
Tue Aug 15, 2017 9:46 am
Forum: Personal Finance (Not Investing)
Topic: How much coverage should I buy in an umbrella liability policy
Replies: 15
Views: 1787

Re: How much coverage should I buy in an umbrella liability policy

Using State Farm is akin to having no insurance. You are far better off with anyone else. They do not pay claims. I have not had any problems with State Farm over 20 years or more. Nor do I have any particular reason for staying with them, except that both our cars are insured by State Farm. That's...
by Don46
Tue Aug 15, 2017 9:23 am
Forum: Personal Finance (Not Investing)
Topic: How much coverage should I buy in an umbrella liability policy
Replies: 15
Views: 1787

How much coverage should I buy in an umbrella liability policy

My understanding is that a Personal Liability Umbrella policy protects one above the levels of liability already in one's car and home insurance policies. At present we have a policy, with State Farm, for 3 million. Because we moved from one county to another within SC our premiums have gone up to $...
by Don46
Wed Aug 09, 2017 1:46 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation and ETF/Fund options for Recent Retiree
Replies: 15
Views: 986

Re: Asset Allocation and ETF/Fund options for Recent Retiree

I would appreciate Boglehead views on PONDX as a supplement to my FIXED INCOME allocation: After reviewing my new post-retirement Asset Allocation, I am now thinking of modifying my Fixed Income investments from 50 percent of total in SCHZ (Schwab Intermediate Bond Index ETF) to 30 pct in SCHZ and 2...
by Don46
Fri Aug 04, 2017 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation and ETF/Fund options for Recent Retiree
Replies: 15
Views: 986

Re: Asset Allocation and ETF/Fund options for Recent Retiree

I suppose the Schwab scenario is projecting nominal return. 9 percent after taxes is hard to imagine with a moderate conservative portfolio. I will take a look at the SWAGX fund. Thanks Re my needs and wants: Our annual essential expenses (housing, food, health, transportation, taxes) will come to ...
by Don46
Fri Aug 04, 2017 2:01 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation and ETF/Fund options for Recent Retiree
Replies: 15
Views: 986

Re: Asset Allocation and ETF/Fund options for Recent Retiree

^Based on the additional info, I don't think it really matters what you do. You can have muni bonds in taxable (especially if they are state income tax-free), bonds in tax deferred, or no bonds at all. I just don't think it will matter at all. With no bonds at all, I would be exposed to much greate...
by Don46
Fri Aug 04, 2017 11:50 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation and ETF/Fund options for Recent Retiree
Replies: 15
Views: 986

Re: Asset Allocation and ETF/Fund options for Recent Retiree

An 18% effective rate is huge and suggests to me a 33%+ marginal rate. What is your projected sustained withdrawal rate from your investable assets? 2% a year? 3%? 4%? My (revised) effective tax rates are: 16.6 fed, 2.6 state, 19.12 combined. As I read the tax brackets at https://taxfoundation.org/...
by Don46
Fri Aug 04, 2017 10:11 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation and ETF/Fund options for Recent Retiree
Replies: 15
Views: 986

Re: Asset Allocation and ETF/Fund options for Recent Retiree

RE expenses: Our RMD, SS, her pension, plus some miscellaneous income, should cover all of our basic living expenses and with a substantial surplus for discretionary expenses on travel, hobbies, etc. In theory I would not need to touch my taxable account, not for a long while anyway. My underlying ...
by Don46
Fri Aug 04, 2017 8:26 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation and ETF/Fund options for Recent Retiree
Replies: 15
Views: 986

Re: Asset Allocation and ETF/Fund options for Recent Retiree

Congratulations on your recent retirement :D :D . My wife and I retired this summer. We've rolled over several old 401k etc plans into our Schwab IRAs. All of this came in as cash so we are reviewing our asset allocations and considering ETF (or mutual fund) options. I will lay out my present plan,...
by Don46
Fri Aug 04, 2017 7:05 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation and ETF/Fund options for Recent Retiree
Replies: 15
Views: 986

Re: Asset Allocation and ETF/Fund options for Recent Retiree

Congratulations on your retirement. The Schwab advisor's recommendation is unlikely to make sense. Now that you have stopped working, your tax bracket might drop this year, with another drop by next year. There is no guarantee that municipal bonds will make sense with lower tax bracket. My estimate...
by Don46
Thu Aug 03, 2017 10:12 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation and ETF/Fund options for Recent Retiree
Replies: 15
Views: 986

Asset Allocation and ETF/Fund options for Recent Retiree

My wife and I retired this summer. We've rolled over several old 401k etc plans into our Schwab IRAs. All of this came in as cash so we are reviewing our asset allocations and considering ETF (or mutual fund) options. I will lay out my present plan, ask a few questions, and invite your suggestions: ...
by Don46
Fri Jun 02, 2017 11:32 am
Forum: Investing - Help with Personal Investments
Topic: Reallocating after Rollover
Replies: 1
Views: 259

Reallocating after Rollover

My wife and I retired in May after two long (over 80 years combined) careers of modest income but consistent saving, sound investing (thank you Bogleheads), and some good luck along the way. We are about to roll over three (each) tax deferred accounts into our Schwab IRA Rollover accounts and are se...
by Don46
Fri Aug 19, 2016 5:43 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2304
Views: 412881

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: 2304
Views: 412881

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: m 5 percent on groceries sounds good. I see a...
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: 13388

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: 20028

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: 2252

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! Keep flexible. My u...
by Don46
Fri Jul 29, 2016 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Calculators, which one ?
Replies: 19
Views: 3193

Re: Retirement Calculators, which one ?

There is a good review of several of the better retirement calculators/planners at this site: m 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 some educated estimates of what your rate of returns will be and when you plan to die. ...
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: 3590

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: 2252

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: 3590

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: 2252

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. I presently have 1.3 million in my Schwab IRA, rolled over from earlier TIAA 403b accounts from former employers, plus some money from pe...
by Don46
Thu Jul 14, 2016 7:35 am
Forum: Personal Finance (Not Investing)
Topic: My First RMD
Replies: 16
Views: 2252

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: 2480

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: 2480

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: 3590

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: 2304
Views: 412881

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: 1727

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. m That is a terrific rate for a 15 year fixed. I'm going to look into refinancing ...
by Don46
Wed Jul 13, 2016 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: My First RMD
Replies: 16
Views: 2252

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: 2480

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: 1194

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: 1194

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: 1194

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: 986

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: 1750

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: 1692

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. m I love the SigFig app. PS I forgot to report my returns. SigFig sho...
by Don46
Sun Jun 05, 2016 11:09 am
Forum: Personal Consumer Issues
Topic: How To Write A Book Proposal
Replies: 16
Views: 1728

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: 4605

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: 481

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: 2657

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: 2657

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 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! Yes, it's not immediately obvious that the spreadsheet link is embedded in th...
by Don46
Sun May 08, 2016 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Scenarios for Retirement
Replies: 16
Views: 2657

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: 2657

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: 1598

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: 1598

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: 1598

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: 1598

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: 1598

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: 1598

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: 1598

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: 1242

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 ...