Search found 1612 matches

by LeeMKE
Mon Dec 11, 2017 2:08 am
Forum: Investing - Theory, News & General
Topic: Prosper
Replies: 7
Views: 958

Re: Prosper

I have, but once the stock market recovered, I let the loans pay off and put it back in stocks. I made almost 12% APR, which was great in 2009. but the stock market did better once it straightened out, and isn't nearly so much work. Selecting and investing was very time consuming. Once they welcomed...
by LeeMKE
Fri Dec 08, 2017 1:07 pm
Forum: Investing - Theory, News & General
Topic: Jason Zweig’s Finds limits to Index’s Effectiveness
Replies: 4
Views: 1260

Re: Jason Zweig’s Finds limits to Index’s Effectiveness

I'll make a stab at what the back story is here: Jason Zweig, and the others at WSJ who cover personal investment are under pressure from management to give the advertisers some positive news. You can be sure this article will get touted by stock pickers as advocating buying individual stocks as a g...
by LeeMKE
Fri Dec 08, 2017 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: $30K loan for 12 months
Replies: 24
Views: 1749

Re: $30K loan for 12 months

For the folks watching at home: Capital One issued an offer for balance transfer 0% with 2% fee, 18 months to repay. It's on the lower limit card, but is still $10,000 I can lay my hands on fast. DH didn't blink when I mentioned filing an extension and then filing our tax return next. His eyes glaze...
by LeeMKE
Tue Dec 05, 2017 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Inheritance question - instructions for the wife if I were to expire unexpectedly
Replies: 5
Views: 775

Re: Inheritance question - instructions for the wife if I were to expire unexpectedly

+1 all the above

On the advice of my CPA from years ago, each year after I finish the tax returns, I write/update a letter to DH talking in general terms about what I've done and where to look. I show the sealed envelope to DH each year when we go over our finances, and show him where I put it away.
by LeeMKE
Mon Nov 27, 2017 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: Single Member LLC Solo 401k timing question
Replies: 19
Views: 2737

Re: Single Member LLC Solo 401k timing question

Can you confirm for me which bank account after-tax employee contributions should be made from? business vs personal? It doesn't matter. Your business account and personal accounts have the same tax effect to the IRS. The first years I had Solo 401K I fussed over these same questions. Now, it is tr...
by LeeMKE
Mon Nov 27, 2017 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Inheriting a large sum, slightly intimidated.
Replies: 51
Views: 5116

Re: Inheriting a large sum, slightly intimidated.

I also have my accounts at Fidelity. When your deposits crest over a certain amount (guessing, but it seemed to happen about $600,000.00) you get assigned to the more experienced advisors. They have been willing to offer advice when asked, and understand I am an index investor and will remain so. My...
by LeeMKE
Mon Nov 27, 2017 7:31 pm
Forum: Investing - Help with Personal Investments
Topic: Avoid tax on Roth earnings
Replies: 9
Views: 943

Re: Avoid tax on Roth earnings

The "holder" of your tIRA will ask if you want something withheld for taxes. However, that reduces the amount you put into ROTH. So, if you have other funds you can use to pay the taxes due, you can move the entire amount to ROTH, where it will all continue to accrue dividends and (hopefully) rise w...
by LeeMKE
Thu Nov 23, 2017 11:11 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Returns - How Long Do you Keep?
Replies: 56
Views: 4478

Re: Tax Returns - How Long Do you Keep?

I am curious how long many of us chose to retain Tax Returns. I understand the IRS rule: 1) 3 years - IRS can review for no reason at all. 2) 6 years - IRS can review if a 25% misstatement of income. 3) Fraudulent - IRS can review indefinitely. You are required to provide backup documentation if au...
by LeeMKE
Thu Nov 23, 2017 10:37 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Portfolio Advisory service?
Replies: 22
Views: 1512

Re: Fidelity Portfolio Advisory service?

Another echo here. I'm with Fidelity, and have had one young ambitious advisor try a sales pitch on me for annuities. But I've worked with about 6 others over the years, none of whom were the least bit pushy about advisor services or managed funds. They ask, I decline, we move on. No static. I've re...
by LeeMKE
Thu Nov 23, 2017 10:17 pm
Forum: Investing - Help with Personal Investments
Topic: Best way to supplement pension income
Replies: 6
Views: 1022

Re: Best way to supplement pension income

See I-ORP.com and run the LONG FORM tool.

I-Orp gives you a recommendation of which funds to use when, optimized for taxes. You may discover that some IRA to ROTH conversions would be advisable in the early years of your retirement.
by LeeMKE
Fri Nov 17, 2017 10:24 pm
Forum: Personal Consumer Issues
Topic: Has used furniture dropped in value dramatically?
Replies: 108
Views: 8782

Re: Has used furniture dropped in value dramatically?

Don’t count on charity taking your discards. When DH and I married, we had to clear out a lot of stuff, from 2 households down to 1. DH was unwilling to part with some of his precious antiques. When we came down to the last few days, we called several charities. 3 would not take this stuff, 1 came b...
by LeeMKE
Mon Nov 13, 2017 12:08 am
Forum: Personal Finance (Not Investing)
Topic: $30K loan for 12 months
Replies: 24
Views: 1749

Re: $30K loan for 12 months

If you are self-employed, you have until your tax filing deadline including extensions to make both your employee deferrals and your employer contributions. You know you can make an $18K employee deferral + $6K catch-up contribution >= age 50. So make that as soon as you can afford it. Then prior t...
by LeeMKE
Sun Nov 12, 2017 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: $30K loan for 12 months
Replies: 24
Views: 1749

Re: $30K loan for 12 months

Humm. If the market tanks, I'm still invested in the tax deferred account. I'm not trying to churn cash, just get the funds covered in case we are cash shy when the contributions are due. DH is thinking he'll be able to cover the cash amount, but I like to have an alternative ready to go, just in ca...
by LeeMKE
Sun Nov 12, 2017 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: $30K loan for 12 months
Replies: 24
Views: 1749

Re: $30K loan for 12 months

Thanks everyone! Looks like I'll call Capital One to see if they have an offer I can use. I have $40,000 limit on two cards we have with them, so that might do the trick. Most of the other suggestions won't work for us: no 401K loan available, no auto re-fi possible, no HELOC possible. Now, we'll se...
by LeeMKE
Sun Nov 12, 2017 12:39 am
Forum: Personal Finance (Not Investing)
Topic: $30K loan for 12 months
Replies: 24
Views: 1749

Re: $30K loan for 12 months

Thanks, but both of the sited suggested do a hard pull on credit before I can see any rates. My credit files are frozen, so I just want an idea of current rates, not a loan application.

HELOC won't work for me because we sold the house a few years ago. That would be the ideal alternative.
by LeeMKE
Sun Nov 12, 2017 12:13 am
Forum: Investing - Help with Personal Investments
Topic: Risk of all eggs in one (brokerage) basket
Replies: 14
Views: 1773

Re: Risk of all eggs in one (brokerage) basket

Same here. Majority at Fidelity, another account at Schwab as cybersecurity insurance. When one or more of the major brokerages suffer a breach, it might take some time to get things straightened out, so having some money at another house will improve our chances of being able to get to cash if we n...
by LeeMKE
Sun Nov 12, 2017 12:01 am
Forum: Investing - Help with Personal Investments
Topic: Seeking portfolio advice, 30 y/o programmer
Replies: 7
Views: 1373

Re: Seeking portfolio advice, 30 y/o programmer

+1 lazylarry And I would add that you aren't getting the lowest fees on your pile of funds because you've sliced and diced your assets into small pieces. So no better performance, but higher fees. As you know if you've been reading here, we like to keep it simple. And if you are eligible, open a Rot...
by LeeMKE
Sat Nov 11, 2017 11:52 pm
Forum: Personal Finance (Not Investing)
Topic: $30K loan for 12 months
Replies: 24
Views: 1749

$30K loan for 12 months

I'm doing year end planning, and would like to boost contributions to our Solo 401Ks. I discovered last month that I am eligible to increase my contribution to retirement savings by quite a bit, but now I might be shy of the cash to do this. If I want a personal loan for one year or less (I realize ...
by LeeMKE
Wed Nov 08, 2017 11:55 pm
Forum: Investing - Help with Personal Investments
Topic: convert IRA to Roth or increase 401k contribution
Replies: 8
Views: 513

Re: convert IRA to Roth or increase 401k contribution

If you anticipate being in a higher bracket a few years out, yes, either convert IRA to Roth, or add to ROTH.

All other situations, it depends. We'd need more detail on your situation to make a suggestion.
by LeeMKE
Wed Nov 08, 2017 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: How old are you and how much do you save for retirement a year
Replies: 150
Views: 13139

Re: How old are you and how much do you save for retirement a year

15% every year since my first job after college, and until a few years ago when I retired.
Some years I was able to save a bit more. One year a glitch in the system allowed me to put just over 25% into state and fed retirement plans.
by LeeMKE
Wed Nov 08, 2017 6:37 pm
Forum: Personal Consumer Issues
Topic: What is the story with the Apple iWatch Series 3?
Replies: 26
Views: 1991

Re: What is the story with the Apple iWatch Series 3?

I got a gift of an Apple iWatch for Christmas last year, on the condition that I could wait until the next version. Just bought my iWatch 3 last week. I'm still working through the new toy. Phone call quality (I usually use the AirPods) is excellent, and very Dick Tracy. I like being able to walk un...
by LeeMKE
Tue Nov 07, 2017 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: Assessing my retirement savings rate
Replies: 9
Views: 1311

Re: Assessing my retirement savings rate

Wow. Yes, those are great employer contributions! Here's my story. At your age, saving almost 20% of gross, the numbers for retirement looked really rosy. Because it was cheap and easy to save tax deferred, we didn't let up on savings. Good thing. Because stuff happened. Job loss, divorce, etc. etc....
by LeeMKE
Tue Nov 07, 2017 8:25 pm
Forum: Investing - Help with Personal Investments
Topic: Suggestions for a first time investor with 10,000 to invest
Replies: 4
Views: 425

Re: Suggestions for a first time investor with 10,000 to invest

1). Should I invest all 10 K now as to take advantage of the Vanguard admiral share program or invest 5K now and spread it out over a 6 month period? Invest it all now. Somewhere buried on this site is research showing that trickling your money into an investment over time may have psychological co...
by LeeMKE
Tue Nov 07, 2017 8:08 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Advice for paying off Mortgage.
Replies: 6
Views: 657

Re: Investment Advice for paying off Mortgage.

IMHO you'll get closer to your goal by prepaying your mortgage each month. Bear in mind that you are compounding the interest "earned/saved" on your mortgage because every dollar paid early, frees another dollar month 2 to go toward principal, etc. etc. You may be shocked at how much better you can ...
by LeeMKE
Thu Nov 02, 2017 10:26 pm
Forum: Investing - Theory, News & General
Topic: Regret of selling winning stocks early
Replies: 64
Views: 8688

Re: Regret of selling winning stocks early

I'm old enough to have lived through the dot.com crash, and watched as folks with piles of company stock lost both their savings and jobs. Though I'd had plenty of company stock bonuses early in my career, I was always selling it off as able because we already had too much riding on DH's job there. ...
by LeeMKE
Wed Nov 01, 2017 10:15 am
Forum: Investing - Theory, News & General
Topic: How I use I-ORP, and who shouldn't
Replies: 127
Views: 12935

Re: How I use I-ORP, and who shouldn't

When I ran I-orp for the first time a month or two ago, I was surprised that I got marginally better results retiring at 62 vs 70. Humm. We got this result BUT I am retired (no more contributions to retirement accounts) and that was our surprise that taking Social Security early for one of us was b...
by LeeMKE
Tue Oct 31, 2017 5:36 pm
Forum: Investing - Theory, News & General
Topic: CDs, general questions, ladders, etc.
Replies: 39
Views: 2413

Re: CDs, general questions, ladders, etc.

I use the Fidelity window for CDs. I can sort by yield, see a variety of lenders in one place, and automate reinvestment if you like. Might worth a visit to check it out. The problem with shopping CDs that you purchase yourself, from a variety of lenders, is, in my case, the possibility of losing tr...
by LeeMKE
Wed Oct 25, 2017 11:59 am
Forum: Local Chapters and Bogleheads Community
Topic: Wisconsin - Milwaukee meetings - Master Thread
Replies: 15
Views: 3757

Re: Wisconsin - Milwaukee meetings - Master Thread

Folks with a day job usually leave after an hour or so. Retirees tend to stay for another hour of conversation.

Yes, bring a laptop to follow along with the presentation.

See you then!
by LeeMKE
Tue Oct 24, 2017 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: Wife has 403(b)'s with multiple ex employers what to do?
Replies: 6
Views: 538

Re: Wife has 403(b)'s with multiple ex employers what to do?

I always rolled over from the prior employer to an IRA under my sole control. Sounds like a good plan, whether you use Vanguard or Fidelity.

Last I heard, Fidelity has a roll-over bonus too, but I'm not up on that since I'm not eligible.
by LeeMKE
Tue Oct 24, 2017 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: Complicated Portfolio Simplification
Replies: 4
Views: 525

Re: Complicated Portfolio Simplification

You'll be glad you are simplifying because the variety of accounts you have are enough complexity.
If a total market index is available, like FSTVX, I'd use that to avoid missing the next Apple/Amazon/Google.

Other than that nit, you are looking good!
by LeeMKE
Tue Oct 24, 2017 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio for long-ish term expenses
Replies: 12
Views: 689

Re: Portfolio for long-ish term expenses

You are correctly describing an emergency fund and a SINKING FUND. This is exactly the way I worked when I was a consultant. I first funded my emergency fund (size was based on my estimation of how long a drought in income I might suffer). Then, I worked up those expenses that weren't "emergency" bu...
by LeeMKE
Tue Oct 24, 2017 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Question
Replies: 7
Views: 683

Re: Portfolio Question

bumping this for someone who can answer your succinct questions.

Very nice presentation of your situation. Thanks for playing!
by LeeMKE
Tue Oct 24, 2017 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Is it ok to have 100% stocks, 15 years+
Replies: 97
Views: 8578

Re: Is it ok to have 100% stocks, 15 years+

I'm just a few years ahead of you, and when I moved to a Boglehead portfolio I was 100% stocks and your same age. But reading here, I discovered that I had zero opportunity to rebalance into the stock market at downturns. Passing up a sale on stocks was a missed opportunity I didn't want. Plus, the ...
by LeeMKE
Tue Oct 24, 2017 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: Can one have too much money in tax-deferred
Replies: 128
Views: 11569

Re: Can one have too much money in tax-deferred

I-ORP.com is a tool designed to evaluate this exact situation and render better advice than the OP has gotten. It is free. Run it NOW because the advice saves you the most money when you have a few years before retirement to work with. ALL my retirement savings are in tax-deferred accounts. $0 taxa...
by LeeMKE
Sat Oct 21, 2017 5:02 pm
Forum: Local Chapters and Bogleheads Community
Topic: Wisconsin - Milwaukee meetings - Master Thread
Replies: 15
Views: 3757

Re: Wisconsin - Milwaukee meetings - Master Thread

November 13 is the next meeting of Bogleheads II for new investors Topic: Debt Reduction Snowballs, avalanches and icebergs are methods you can use to pay off debt more quickly and less expensively. Please bring an internet friendly device to follow the presentation. Here is a link to this month’s p...
by LeeMKE
Fri Oct 20, 2017 6:12 pm
Forum: Local Chapters and Bogleheads Community
Topic: Wisconsin - Milwaukee meetings - Master Thread
Replies: 15
Views: 3757

Re: Wisconsin - Milwaukee meetings - Master Thread

November 7 is the next meeting of Bogleheads I for accomplished investors Topic: Spending Plans from I-ORP A free online analysis tool, I-ORP.com, helps with a variety of analysis for early retirees. This month we'll look at the various Withdrawal Strategies and how they might be helpful to us. Plea...
by LeeMKE
Thu Oct 12, 2017 11:52 pm
Forum: Personal Finance (Not Investing)
Topic: Two Solo 401Ks for self under one EIN? (both sole proprietorships)
Replies: 14
Views: 852

Re: Two Solo 401Ks for self under one EIN? (both sole proprietorships)

+1 SpiritRider I was audited by the IRS during a period when I had multiple gigs. I was nervous they would object to my bundling all of the gigs into one Schedule C. But instead they preferred that I did that, even though it made for a messy audit, having expenses that didn't seem to go together (be...
by LeeMKE
Wed Oct 11, 2017 11:17 pm
Forum: Personal Consumer Issues
Topic: Wifi Thermostat
Replies: 55
Views: 4082

Re: Wifi Thermostat

I use Nest Thermostats. I don't know anything about the EcoBee. One thing not yet mentioned is the motion detection on the Nest thermostats. In addition to noticing when you are gone and using the alternative "away" program, the Nest Thermostats have motion detection that will switch back to the "At...
by LeeMKE
Mon Oct 09, 2017 11:48 am
Forum: Investing - Theory, News & General
Topic: Financial Calculations for Boglehead Presentation
Replies: 14
Views: 1572

Re: Financial Calculations for Boglehead Presentation

All Done! The calculator I took from the vertex42 website worked pretty well. It is not calculating the home mortgage the same way I calculate it, but it is close enough for my demonstration. There are three methods I'm suggesting be checked when designing your debt plan: Snowball by size: Send your...
by LeeMKE
Mon Oct 09, 2017 9:09 am
Forum: Investing - Theory, News & General
Topic: Financial Calculations for Boglehead Presentation
Replies: 14
Views: 1572

Re: Financial Calculations for Boglehead Presentation

Just a quick word of caution as someone in the target demographic. I'm 34 w/ approximately $35K in total debt. It doesn't always make financial sense to pay it down as quickly as possible! My loan with the highest interest rate is @ 2.25% (fixed, about 10 years remaining). My largest debt is @ 0.9%...
by LeeMKE
Mon Oct 09, 2017 1:02 am
Forum: Investing - Theory, News & General
Topic: Financial Calculations for Boglehead Presentation
Replies: 14
Views: 1572

Re: Financial Calculations for Boglehead Presentation

Thanks mhalley! I've added this article to the Resources page in the presentation. But I'm still hoping to get some help with calculations so the different approaches can be compared. The most sophisticated approach isn't used by any of the apps, so I don't think the apps can give me what I'm seeking.
by LeeMKE
Mon Oct 09, 2017 12:36 am
Forum: Personal Consumer Issues
Topic: What to do with unused paint?
Replies: 38
Views: 2548

Re: What to do with unused paint?

I would mix all the remnant paint and use it to paint the inside of the garage on the next move. It would be a sickly color, but a painted garage is better in any color than an unpainted garage.
by LeeMKE
Mon Oct 09, 2017 12:32 am
Forum: Personal Consumer Issues
Topic: Do you want your receipt?
Replies: 99
Views: 7920

Re: Do you want your receipt?

I take the receipt when a tip is/maybe involved.

Just to thwart the possibility of someone adding or changing the tip I put on the charge slip. This did happen once to us.

Then I throw them out at home.

I do keep the receipt if it is a tax item, or for large purchases.
by LeeMKE
Sun Oct 08, 2017 10:12 pm
Forum: Investing - Theory, News & General
Topic: Financial Calculations for Boglehead Presentation
Replies: 14
Views: 1572

Financial Calculations for Boglehead Presentation

I have a presentation for our Boglehead group that is in draft right now. The topic is "How to Pay Down Debt" and is aimed at younger investors (age 30+/-) I have an example debtor, and three approaches for the debtor to consider. I'd like to add a slide that shows the total savings from using each ...
by LeeMKE
Tue Sep 26, 2017 9:01 pm
Forum: Investing - Help with Personal Investments
Topic: Allocation - Nearing Retirement
Replies: 26
Views: 3056

Re: Allocation - Nearing Retirement

I'm 62 and we are at 60/40 too. I don't plan on gliding toward 50/50. The next 5 years I will pull from the bonds when equities have a correction. I've been pretty aggressive most of my investing career, so I know others are much more conservative than I. But I'm also managing a portfolio that was d...
by LeeMKE
Tue Sep 26, 2017 8:47 pm
Forum: Investing - Help with Personal Investments
Topic: Can I afford to slow down at 34yo? Feeling burn out.
Replies: 17
Views: 3692

Re: Can I afford to slow down at 34yo? Feeling burn out.

If you were in the US, I'd strongly urge you to find a local franchise of ActionCoach, and go to their classes. You need to figure out how to examine your business and organize it to be sustainable without you burning out. Yes, you need to take breaks, and not just one in 10 years. Since you are abr...
by LeeMKE
Tue Sep 26, 2017 8:13 pm
Forum: Investing - Help with Personal Investments
Topic: Help me evaluate my pension
Replies: 8
Views: 1268

Re: Help me evaluate my pension

At your current age, assuming "no pension at all" for retirement planning purposes is not unreasonable. Thus, "keep doing what you have been doing" seems appropriate.
+1 FiveK
by LeeMKE
Tue Sep 26, 2017 8:10 pm
Forum: Investing - Help with Personal Investments
Topic: Starting Investing Strategy
Replies: 30
Views: 2174

Re: Starting Investing Strategy

Welcome to the forum! My question is regarding Roth IRA. I want to open an account with Vanguard. Since I already contribute to Vanguard Target Retirement Fund (2050) via my Roth 401(k), do you think I should just opt for Vanguard LifeStrategy Fund or should I manually chose the funds? Either fund i...