Search found 47 matches

by LXEX55
Wed Jul 04, 2018 5:26 pm
Forum: Investing - Theory, News & General
Topic: Morningstar article [Bogleheads' Guide to the Three-Fund Portfolio]
Replies: 24
Views: 1651

Re: Independence Day and "The Three-Fund Portfolio"

Well done, sir. I am 63 years old, will retire this December, and do not have the head nor nervous system for investing. I will probably follow your advice and move my money to a Vanguard IRA as soon as I retire and allocate the way you suggest. May I ask, do you recommend I invest 100% of my IRA mo...
by LXEX55
Tue Jun 19, 2018 12:15 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Investing With Healthcare $$ Concerns
Replies: 10
Views: 838

Re: Retirement Investing With Healthcare $$ Concerns

If your wife isn't working and your income is low, you might look at enrolling in an ACA plan instead of COBRA, or at least compare as an option. I empathize with your worries. I'm 10 years from Medicare and as a self-employed couple with private insurance, every single decision feels like a walk t...
by LXEX55
Tue Jun 19, 2018 8:03 am
Forum: Investing - Help with Personal Investments
Topic: Retirement Investing With Healthcare $$ Concerns
Replies: 10
Views: 838

Retirement Investing With Healthcare $$ Concerns

I plan on retiring this coming November at age 63 and two months. My wife will be 61 and four months old at that time. I really have no choice about retirement as my department is being outsourced to a UK firm. To be honest, I want to retire anyway, as I am totally burned out and can’t take any more...
by LXEX55
Mon Jun 18, 2018 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: How to brokered CDs differ?
Replies: 9
Views: 863

How to brokered CDs differ?

Basic question: how do brokered CDs differ from standard ones? I am talking about CDs in my IRA account here. Thanks for your time.
by LXEX55
Fri Jun 15, 2018 9:40 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Managed Payout Fund
Replies: 29
Views: 2508

Re: Vanguard Managed Payout Fund

But just to clarify, one final question: I can get out of this fund anytime I want, right? In other words, if I don't like the payouts or reduction in principal, I can just switch the funds to an index fund or something.....correctomundo?
by LXEX55
Thu Jun 14, 2018 8:36 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Managed Payout Fund
Replies: 29
Views: 2508

Re: Vanguard Managed Payout Fund

It's an actively managed balanced fund engaging in some mild-moderate market timing but generally staying on the aggressive side for what is kind of intended as a retirement inccome vehicle, typically owning something like 60% stocks. Most of what it owns is index funds, but with some tilts here an...
by LXEX55
Thu Jun 14, 2018 6:21 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Managed Payout Fund
Replies: 29
Views: 2508

Vanguard Managed Payout Fund

I was reading about it on their website. Does anyone have any experience with it, or strong feelings either way?
by LXEX55
Thu Jun 14, 2018 8:26 am
Forum: Investing - Help with Personal Investments
Topic: Couch Potato Portfolio Question
Replies: 7
Views: 460

Re: Couch Potato Portfolio Question

The answer to your question requires more information. What is the timeline for this 401K money. Will you need to draw from it immediately or do you have other sources of income? If you have to draw from it now, what percentage of the total do you intend to draw each year? Some people keep a safety...
by LXEX55
Thu Jun 14, 2018 8:02 am
Forum: Investing - Help with Personal Investments
Topic: Couch Potato Portfolio Question
Replies: 7
Views: 460

Couch Potato Portfolio Question

When I retire at the end of November I plan on moving my 401k money to a variation of the couch potato portfolio (mix of stock index fund, bond index fund). My question is, do people usually put ALL their 401k rollover money in such an account, or do they put some in a safe account such as brokered ...
by LXEX55
Mon Jun 11, 2018 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Very Basic 401k question
Replies: 7
Views: 544

Re: Very Basic 401k question

Thanks, I think the best thing would be for me to roll the whole thing over to Vanguard when I retire. Thanks, again.
by LXEX55
Mon Jun 11, 2018 11:43 am
Forum: Investing - Help with Personal Investments
Topic: Very Basic 401k question
Replies: 7
Views: 544

Very Basic 401k question

My 401k through my current employer is managed by Wells Fargo. I like their Stable Value funds but that is just about the only offering I like. No index funds, etc. I plan on retiring end of November. My question is this: Once I retire, can I leave some of my 401k money in the Stable Value fund (thr...
by LXEX55
Sun Jun 10, 2018 2:35 pm
Forum: Investing - Help with Personal Investments
Topic: Credit Union CDs in my IRA
Replies: 4
Views: 390

Re: Credit Union CDs in my IRA

Thank you all for your kind answers. I should have said that I am now 62 and at the time I make these financial moves from my 401k, I will be officially retired, and no longer have an employer. Thanks again.
by LXEX55
Sun Jun 10, 2018 6:53 am
Forum: Investing - Help with Personal Investments
Topic: Credit Union CDs in my IRA
Replies: 4
Views: 390

Credit Union CDs in my IRA

My credit union is offering pretty good CD rates (2.40 apr for 20 months). As I don't have the nervous system for much risk, I was wondering if anyone could explain very simply and briefly how a person transfers money from a 401k into a credit union IRA composed of a CD or CDs.
Thanks very much.
by LXEX55
Tue May 29, 2018 12:27 pm
Forum: Investing - Theory, News & General
Topic: Stable Value Funds in Retiremen?
Replies: 7
Views: 872

Stable Value Funds in Retiremen?

What role (if any) should Stable Value Funds play in a retired person's 401k? Some of my 401k money (managed by Wells Fargo) is in Morley Stable Value fund which has a 1.73 one year return.
by LXEX55
Sun May 20, 2018 6:15 pm
Forum: Investing - Theory, News & General
Topic: CDs in Vanguard IRA
Replies: 2
Views: 458

CDs in Vanguard IRA

If a person rolls their 401k over to Vanguard, I am told that they cannot put any of it into CDs as Vanguard does not offer that service. Is that true?
by LXEX55
Tue May 15, 2018 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Tenant/Landlord Question
Replies: 12
Views: 1163

Re: Tenent/Landlord Question

I rent my condo in Florida out to a fine tenant. She has been living there five years and we have had a great relationship. Her lease expires Nov. 1. I will be retiring this year, and therefore cannot renew her lease. Does anyone know how far in advance I am required to tell her that I will not be ...
by LXEX55
Tue May 15, 2018 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Tenant/Landlord Question
Replies: 12
Views: 1163

Re: Tenent/Landlord Question

No, it is in St. Pete
by LXEX55
Tue May 15, 2018 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Tenant/Landlord Question
Replies: 12
Views: 1163

Tenant/Landlord Question

I rent my condo in Florida out to a fine tenant. She has been living there five years and we have had a great relationship. Her lease expires Nov. 1. I will be retiring this year, and therefore cannot renew her lease. Does anyone know how far in advance I am required to tell her that I will not be r...
by LXEX55
Mon May 14, 2018 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Annuity purchased with 401k money
Replies: 6
Views: 901

Re: Annuity purchased with 401k money

Thank you very much for taking the time to provide such a detailed reply. Again, thank you.
by LXEX55
Mon May 14, 2018 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Annuity purchased with 401k money
Replies: 6
Views: 901

Annuity purchased with 401k money

If I purchase a fixed immediate annuity with money currently in my 401k, say for $100,000, do I have to pay tax on the $100,000 as a 401k withdrawal, or do I just pay income tax on the monthly income generated from the annuity? Any clarification would be appreciated.

Thank you.
by LXEX55
Fri Apr 27, 2018 11:23 am
Forum: Personal Finance (Not Investing)
Topic: What type of lawyer handles will disputes?
Replies: 9
Views: 972

Re: What type of lawyer handles will disputes?

In my state executors are required to submit an initial list of assets and then annual accountings reflecting every penny that goes in or out of the estate. Beneficiaries are entitled to copies of those documents, but the executor is not required to send them to the beneficiaries unless the benefic...
by LXEX55
Fri Apr 27, 2018 8:10 am
Forum: Personal Finance (Not Investing)
Topic: What type of lawyer handles will disputes?
Replies: 9
Views: 972

What type of lawyer handles will disputes?

my wife has reason to believe that her brother, the executor of her aunt's will, has not done an honest job of distributing the money after the aunt's passing. What type of lawyer should she contact?
by LXEX55
Wed Mar 07, 2018 8:16 am
Forum: Investing - Help with Personal Investments
Topic: Stock/Bond fund ratio?
Replies: 11
Views: 1150

Re: Stock/Bond fund ratio?

Thank you all very much. Just so you folks know how great you, I posted this same question on another board and got nothing but wise ass answers. I honestly don't know why people do that. I think I will keep it at 25% stocks. Thanks again.
by LXEX55
Tue Mar 06, 2018 8:51 pm
Forum: Investing - Help with Personal Investments
Topic: Stock/Bond fund ratio?
Replies: 11
Views: 1150

Stock/Bond fund ratio?

What is the minium percentage of stock funds I would need to own (the remainder being in bond funds) in order to allow for a 3.2% withdrawal rate? Being risk averse, I would like the minimum amount of stock funds possible, yet still have a 3.2% withdrawal rate. Thanks very much.
by LXEX55
Fri Mar 02, 2018 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: How much tax do I pay on money from 401k?
Replies: 12
Views: 1779

How much tax do I pay on money from 401k?

Is there a flat tax amount that one pays when they are retired and withdraw money from their non-roth 401K? I thought I read 22%.
by LXEX55
Fri Feb 16, 2018 10:35 am
Forum: Investing - Theory, News & General
Topic: CDs in a Vanguard IRA?
Replies: 2
Views: 407

CDs in a Vanguard IRA?

Is it possible to purchase CDs in a Vanguard IRA? In other words, if I rollover my 401k into a Vanguard IRA, do they offer CDs as an investment choice? Thanks for your time.
by LXEX55
Thu Feb 15, 2018 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: Suggestions for Reasonably Safe Funds
Replies: 33
Views: 2769

Re: Suggestions for Reasonably Safe Funds

If you're so adverse to risk perhaps just a ladder of CDs would work. There is not much return but there is not much risk. There is no free lunch. In my area you can get five year CDs at 2.3%. I just picked up two year CD’s at 2%; going out farther in duration at only nominal increases didn’t make ...
by LXEX55
Wed Feb 14, 2018 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: Suggestions for Reasonably Safe Funds
Replies: 33
Views: 2769

Re: Suggestions for Reasonably Safe Funds

What is the other half of your 401k invested in? If stocks, consider something like the LifeStrategy Conservative Growth fund which is 40% stocks and 60% bonds. It is invested in a mix of stock and bond funds, but, when I move my 401k over to Vanguard, I switch all that too. Just not sure to what, ...
by LXEX55
Wed Feb 14, 2018 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: Suggestions for Reasonably Safe Funds
Replies: 33
Views: 2769

Suggestions for Reasonably Safe Funds

I have very little stomach for risk. I currently have about 50% of my company 401k funds in stable value which only pays about 1.5% per year. When I retire at the end of this year, I want to move my money to Vanguard. Can anyone recommend a reasonably safe mutual fund that pays slightly higher retur...
by LXEX55
Sun Feb 04, 2018 9:14 am
Forum: Investing - Help with Personal Investments
Topic: Benefits to annuitizing 401k money?
Replies: 3
Views: 402

Benefits to annuitizing 401k money?

Are there any tax benefits to annuitizing money held in a 401k? I did Google the topic, but, frankly, did not understand it. Naturally, I would never take such a step without an undersanding and if that requires a fee only financial advisor, then so be it. But, can anyone in plain simple Englsih exp...
by LXEX55
Sat Jan 06, 2018 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Fee Only Financial Advisor in St. Pete
Replies: 0
Views: 197

Fee Only Financial Advisor in St. Pete

Can anyone recommend a fee only financial advisor in or near St. Pete, Florida? Any suggestion appreciated.
by LXEX55
Fri Jan 05, 2018 8:18 am
Forum: Personal Finance (Not Investing)
Topic: How can I move back to NYC with such high taxes? (State/City tax, Unincorporated Business Tax)
Replies: 110
Views: 8923

Re: How can I move back to NYC with such high taxes? (State/City tax, Unincorporated Business Tax)

Don't! That is my advice. Some years ago, my wife and I moved to Florida, after being born and raised in NYC. For some idiot reason, we decided we missed it, and moved back. We have regretted it ever since. It is just as horrible as you remember. Cold, dirty, crowded, full of homeless people on subw...
by LXEX55
Sat Sep 30, 2017 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: How Safe are Stable Value Funds
Replies: 24
Views: 3014

Re: How Safe are Stable Value Funds

Well, let me phrase it this way, I am one year away from retirement. cannot afford to loose at this late stage of the game. My 401k is 75 percent stable value, twenty five percent domestic stock mutual fund. I seem to be the kind of personalty that would do well by buying an immdediate fixed annuity...
by LXEX55
Sat Sep 30, 2017 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: How Safe are Stable Value Funds
Replies: 24
Views: 3014

How Safe are Stable Value Funds

In the event of much publicized market correction ever occuring, will Stable Value funds in my 401k be safe?
by LXEX55
Thu Sep 21, 2017 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Warren Buffett and Bond Funds
Replies: 33
Views: 3478

Warren Buffett and Bond Funds

I read in more than one place that Warren Buffett believes that bond funds are a bad idea in a retirement portfolio and that he is against the traditional 60/40 stock/bond allocation in retirement. He said he tells friends and relatives of moderate income to have about three years of ready case at h...
by LXEX55
Tue Aug 29, 2017 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Who should I ask about Social Security?
Replies: 10
Views: 1353

OK, here is the question....

Perhaps one of you would be kind enough to share your knowledge .... I plan to retire next year at 63, my wife will be 61 at the time. My monthly SS will be much greater than hers. My question: If I retire before my full retirement age (66, 2 months) is my wife still eligible for the " one half the ...
by LXEX55
Tue Aug 29, 2017 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Who should I ask about Social Security?
Replies: 10
Views: 1353

Who should I ask about Social Security?

I have a few pretty simple questions about Social Security that I cannot find answers for online. I Googled Social Security lawyers in NYC, but, they all seem to want to represent clients whose claims have been denied, etc, and don't seem like the type of lawyer who could best advise me on benefit o...
by LXEX55
Fri Aug 25, 2017 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Allocating Cost for Health Insurance In Retirement?
Replies: 6
Views: 970

Re: Allocating Cost for Health Insurance In Retirement?

Thank you all for your time, expertise, and kindness. My wife and I reading all this very carefully. If it were not for her being a 2x cancer survivor, I would not be worried.
by LXEX55
Thu Aug 24, 2017 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Allocating Cost for Health Insurance In Retirement?
Replies: 6
Views: 970

Allocating Cost for Health Insurance In Retirement?

I am 62 and plan to retire next year (at 63). Am in perfect health, no pre-existing conditions, but, I know that can change with one doctor’s visit. My wife is 60 (she will be 61 when I retire). She is a breast cancer survivor twice. When I leave my job, the COBRA plan will provide 18 month coverage...
by LXEX55
Fri Aug 11, 2017 8:56 am
Forum: Investing - Help with Personal Investments
Topic: Stable Value Funds vs Bond Funds
Replies: 33
Views: 4220

Stable Value Funds vs Bond Funds

I plan to retire next year, and am pretty sure I am going to allocate my funds 60% stock index funds and 40% bond index funds. My wife feels that we should put the 40% in Stable Value Funds rather than bond funds, since she feels bond funds cannot go any higher, as the interest rate seems to be cree...
by LXEX55
Sat Jun 24, 2017 4:26 am
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2202
Views: 1367690

Re: The Three-Fund Portfolio

This is very similar to what Ben Stein recommends in YES, YOU CAN STILL RETIRE COMFORTABLY. Only difference is, Stein includes Inflation Indexed Bond fund, along with the other three mentioned. He recommends 25% for each fund, no matter what your age. I am not sure I am going to go with the 50% in s...
by LXEX55
Sun Jun 18, 2017 5:33 am
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2202
Views: 1367690

Re: The Three-Fund Portfolio

May I ask what would be the suggested allocation of these three funds for a person who retires at age 63? Would you just do 33% each or go heavier on one fund?
by LXEX55
Sun Nov 27, 2016 6:40 am
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2202
Views: 1367690

Re: The Three-Fund Portfolio

In his book YES, YOU CAN STILL RETIRE COMFORTABLY! Ben Stein recommends something very similar:
50% total stock market index; 50% total bond market. He offers an alternative: 25% total U.S. Bond Market Index, 25% total U.S. stock market index, 25% inflation indexed bonds, 25% international stock.
by LXEX55
Sun Nov 27, 2016 6:35 am
Forum: Investing - Help with Personal Investments
Topic: Investing in the 80's when CD rates were 17%?
Replies: 74
Views: 9535

Re: Investing in the 80's when CD rates were 17%?

Sure, I remember. Those high CD return rates were the foundation for many "buckets" investors. People would ladder their investments up to five years, with a CD coming due each year. I remember my mom in Florida visiting each bank checking their interest rate and often negotiating for a slighly high...
by LXEX55
Sun Sep 11, 2016 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Opinions of the Couch Potato Retirement Portfolio
Replies: 9
Views: 1901

Opinions of the Couch Potato Retirement Portfolio

In Ben Stein's book YES, YOU CAN STILL RETIRE COMFORTABLY he recommends the couch potato portfolio for retirement, which is basically 50% of your money in a total stock index and 50% in a total bond index. He also offers a slightly refined version which is 25% total U.S. bond market index, 25% total...
by LXEX55
Fri Feb 12, 2016 11:24 am
Forum: Investing - Help with Personal Investments
Topic: When do you cut bait and run?
Replies: 17
Views: 3588

When do you cut bait and run?

I am 60 years old, and six months ago, I had about $310,000 in my 401(k) which amounts to all of my cash assets. It is now worth about $265,000 and dropping daily. I am in index funds 100%. I realize now that it was a mistake not to diversify, but hindsight in 20/20 and I obviously need glasses. At ...
by LXEX55
Fri Feb 12, 2016 9:16 am
Forum: Personal Finance (Not Investing)
Topic: What is your decline in Net Worth as of today?
Replies: 96
Views: 13147

Re: What is your decline in Net Worth as of today?

My 401k is down 7.5% since January.