Search found 1723 matches

by LeeMKE
Fri Jul 06, 2018 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: How I use I-ORP, and who shouldn't
Replies: 155
Views: 18581

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

For us, the Roth Conversions make a huge difference. If your circumstance is such that it doesn’t matter much, great! You can move on to something else. If you have sisters or brothers, do what you can to encourage them to try I-ORP. If it doesn’t matter much, great! But when it matters, it matters ...
by LeeMKE
Sat Jun 30, 2018 11:33 pm
Forum: Investing - Help with Personal Investments
Topic: What % of your equity is int’l?
Replies: 141
Views: 7703

Re: What % of your equity is int’l?

40% of equities
by LeeMKE
Tue Jun 19, 2018 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: My error with EIN on W2. Stand alone or IRS fix?
Replies: 0
Views: 168

My error with EIN on W2. Stand alone or IRS fix?

I got a phone call from Social Security. It seems I used my SS# in 2016 on the W2 forms I sent in, and should have used the EIN I got for this purpose. We had 2 household workers helping me at home when I was laid up that year. When I did the research of how to pay and report their earnings, it was ...
by LeeMKE
Tue Jun 19, 2018 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: How much (green) cash at home for emergency ?
Replies: 169
Views: 14737

Re: How much (green) cash at home for emergency ?

I don't keep much cash at home. DH on the other hand likes to have a stash of cash. That came to a halt when he opened his strong box in front of a young man of hoodlum propensities at our house. I'm not interested in becoming a target of burglary because someone has (or is rumored to have) a stash ...
by LeeMKE
Tue Jun 19, 2018 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Temporary Residency Tax Deduction for Surgical Fellowship
Replies: 5
Views: 313

Re: Temporary Residency Tax Deduction for Surgical Fellowship

I am not an expert in this area. However I recently researched Domicile Law and met with an attorney who is an expert in this topic. You do not meet a primary requirement for change of domicile, Intention to make State B your home residence. A one year residency is not long enough to fly with anyone...
by LeeMKE
Mon May 21, 2018 1:18 am
Forum: Investing - Help with Personal Investments
Topic: Please help me rationalise this 401k investment choice
Replies: 23
Views: 1390

Re: Please help me rationalise this 401k investment choice

So, let's take the example of MID-CAP GROWTH FUND RPMGX . From the "Since inspection" return of 13.86 and subtracting the net ER of .76 gives us 13.1%. This seems higher than VINIX. Is my calculation incorrect ? Yes, this calculation is incorrect. Understand that you pay the fee every year. So, the...
by LeeMKE
Sun May 20, 2018 8:35 pm
Forum: Investing - Help with Personal Investments
Topic: Please help me rationalise this 401k investment choice
Replies: 23
Views: 1390

Re: Please help me rationalise this 401k investment choice

Maybe I'm missing something from your 401K options. Here's what I saw on your list: There are some funds that seem to have better performance than the typical Boglehead Index fund, BUT once you calculate the added fees COMPOUNDED, the performance is below the Index funds. I looked at 5 year, 10 year...
by LeeMKE
Sun May 20, 2018 1:24 pm
Forum: Investing - Theory, News & General
Topic: Has Firecalc or I-ORP altered your retirement plans?
Replies: 35
Views: 3986

Re: Has Firecalc or I-ORP altered your retirement plans?

Every tool has assumptions. Some we may agree with, some we may disagree with, many we have no better insight than the tool developer. My solution has been to use 3 tools I have confidence in. When all three tools correlate, the next decision is easy. When two correlate, I'll probably go with majori...
by LeeMKE
Sun May 20, 2018 9:23 am
Forum: Investing - Theory, News & General
Topic: Has Firecalc or I-ORP altered your retirement plans?
Replies: 35
Views: 3986

Re: Has Firecalc or I-ORP altered your retirement plans?

You have to use a tool with the underlying assumptions taken into consideration. I-ORP optimizes for your planning period, not beyond. So yes, if you are planning to leave an estate to heirs and want to plan for how the funds are held at death, I-ORP stops short of that analysis. by DR » Sun May 20,...
by LeeMKE
Sat May 19, 2018 3:08 pm
Forum: Local Chapters and Bogleheads Community
Topic: Wisconsin - Milwaukee meetings - Master Thread
Replies: 32
Views: 6018

Re: Wisconsin - Milwaukee meetings - Master Thread

We are moving the last Bogleheads II meeting to Sunday XXXX X. BACK TO ORIGINAL DATE! Sunday May 20. Same time and place. (5:00 Bollywood grille) One of our regular members has a death in the family and two family members have been regular members, so we are moving the meeting to give them some spa...
by LeeMKE
Fri May 18, 2018 9:34 pm
Forum: Local Chapters and Bogleheads Community
Topic: Wisconsin - Milwaukee meetings - Master Thread
Replies: 32
Views: 6018

Re: Wisconsin - Milwaukee meetings - Master Thread

We are moving the last Bogleheads II meeting to Sunday JUNE 3.

Same time and place. (5:00 Bollywood grille)
One of our regular members has a death in the family and two family members have been regular members, so we are moving the meeting to give them some space.
by LeeMKE
Sat May 12, 2018 5:26 pm
Forum: Local Chapters and Bogleheads Community
Topic: Wisconsin - Milwaukee meetings - Master Thread
Replies: 32
Views: 6018

Re: Wisconsin - Milwaukee meetings - Master Thread

This last meeting is at 5:00 pm.

The restaurant has a bar as well as full menu for dinner. See you then!
by LeeMKE
Sat May 12, 2018 10:50 am
Forum: Local Chapters and Bogleheads Community
Topic: Wisconsin - Milwaukee meetings - Master Thread
Replies: 32
Views: 6018

Re: Wisconsin - Milwaukee meetings - Master Thread

Sure! Out of town Bogleheads are welcome to join us.
by LeeMKE
Thu May 10, 2018 9:44 pm
Forum: Local Chapters and Bogleheads Community
Topic: Wisconsin - Milwaukee meetings - Master Thread
Replies: 32
Views: 6018

Re: Wisconsin - Milwaukee meetings - Master Thread

Milwaukee Bogleheads II: New Investors Last meeting will be Sunday, May 20, 5:00 PM for dinner at Bollywood Grill. Looking forward to seeing folks, chatting about finance and ordering from the menu at our local Indian restaurant. Bollywood Grille 1038 N. Jackson Street Milwaukee WI Jackson is open t...
by LeeMKE
Sat May 05, 2018 7:48 am
Forum: Investing - Theory, News & General
Topic: Fees are higher than we think
Replies: 12
Views: 2401

Fees are higher than we think

From an article in The Wall Street Journal, about the loss of tax deduction for investment fees: Gauge the fees’ effects. Fees typically are quoted as a percent of assets, which can make them seem smaller. Instead, think of them as a percent of annual return. If an investor’s annual fees are 2% of a...
by LeeMKE
Fri May 04, 2018 11:00 pm
Forum: Investing - Theory, News & General
Topic: Online resource for current Boglehead 3 fund portfolio
Replies: 10
Views: 1045

Re: Online resource for current Boglehead 3 fund portfolio

Excellent. Thanks for the suggestions!

I owe Siamond and drk an early peek at the spreadsheet. May be a few weeks, but I'll be back with it!

Lee
by LeeMKE
Fri May 04, 2018 8:54 pm
Forum: Investing - Theory, News & General
Topic: Online resource for current Boglehead 3 fund portfolio
Replies: 10
Views: 1045

Re: Online resource for current Boglehead 3 fund portfolio

Why not piggyback off of Portfolio Visualizer's sources?
That would be fine. But I'm looking for what that source might be. Do you know?
by LeeMKE
Fri May 04, 2018 3:13 pm
Forum: Investing - Theory, News & General
Topic: Online resource for current Boglehead 3 fund portfolio
Replies: 10
Views: 1045

Re: Online resource for current Boglehead 3 fund portfolio

What analysis tool wouldn't calculate returns itself from standard data already posted online? I’m looking for a source of standard data. Not a future prediction, just YTD returns or a rolling average of last 12 months returns. The tool I have in mind will use this data to calculate a different sol...
by LeeMKE
Fri May 04, 2018 1:00 pm
Forum: Investing - Theory, News & General
Topic: Online resource for current Boglehead 3 fund portfolio
Replies: 10
Views: 1045

Online resource for current Boglehead 3 fund portfolio

I have an idea and need an online resource that calculates returns on a typical Bogleheads 3 fund portfolio. I'm flexible on the AA, anything from 50/50 to 75/25 would work. This is to scrape data for an analysis tool I'm thinking of having a friend make for me. :beer Free advance peek to anyone who...
by LeeMKE
Thu May 03, 2018 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Health insurance, do we need it and how?
Replies: 23
Views: 2720

Re: Health insurance, do we need it and how?

Are these insurance policies reliable with respect to claims? Yes. These are major carriers with very long track records. And I've had surgery several times abroad, so I've seen what the process is, and the global carriers were great. The US based carriers, I had to pay in advance and get reimburse...
by LeeMKE
Sun Apr 29, 2018 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance, do we need it and how?
Replies: 23
Views: 2720

Re: Health insurance, do we need it and how?

We are about to launch as global nomads I'm working with a broker who specializes in global health plans: Andrew Blomberg International Insurance Group 18 Shipyard Drive Suite 2A Hingham, MA 02043 www.internationalinsurance.com www.internationalcitizens.com +1-339-221-5190 We have chosen two plans w...
by LeeMKE
Sun Apr 29, 2018 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card for International Travel
Replies: 28
Views: 1852

Re: Credit Card for International Travel

+1 Barclays recently introduced the Uber credit card which may meet your stated needs very well. It's a Visa card and, in addition to the no fee criteria, it also offers chip and pin capability which can be important at unmanned kiosks/gas pumps in Europe (and elsewhere). It's a cash back card which...
by LeeMKE
Sun Apr 29, 2018 10:02 am
Forum: Personal Consumer Issues
Topic: BH travel tips?
Replies: 193
Views: 15248

Re: BH travel tips?

Train travel in Europe: blades longer than 3"

I just saw last night that trains (not sure whether all or just a few lines) do not allow knives with long blades. We have a chef's knife in our checked bag, which will be carried on the trains. Anyone have experience on this?
by LeeMKE
Sat Apr 28, 2018 9:23 pm
Forum: Personal Consumer Issues
Topic: Nomadic lifestyle in their 50s
Replies: 101
Views: 11131

Re: Nomadic lifestyle in their 50s

This is interesting. If you get really sick, you can come back to get Obama care, as I remember that coming back from overseas is a qualifying event. Can you confirm that? Will the mail service company not scan the junk mails? Keep us posted about your experience from time to time. Yes, if you keep...
by LeeMKE
Sat Apr 28, 2018 2:11 pm
Forum: Personal Consumer Issues
Topic: BH travel tips?
Replies: 193
Views: 15248

Re: BH travel tips?

SHOES My feet are a bit tough to fit. Not unusual for me to wear 4 or 5 pair indoors for days, to find 1 pair that work. So I was receptive when a Rick Steve’s guide posted a video about shoes. She carries 4 pair! Rugged shoes for uneven surfaces Street shoes for city sidewalks and museums Sandals o...
by LeeMKE
Fri Apr 27, 2018 11:10 am
Forum: Personal Consumer Issues
Topic: BH travel tips?
Replies: 193
Views: 15248

Re: BH travel tips?

+1
An even better source for rail transportation is The Man in Seat Sixty-One . . .. This offers many money-saving tips for buying rail tickets as well as lots of information about trains, schedules, facilities, etc. world wide.
by LeeMKE
Fri Apr 27, 2018 10:25 am
Forum: Personal Consumer Issues
Topic: Nomadic lifestyle in their 50s
Replies: 101
Views: 11131

Re: Nomadic lifestyle in their 50s

We are launching as global nomads July 9. Like others before us, we don't know how long we will be gone. We don't know where we will settle when we stop traveling. We sold the home several years ago and rented, knowing this was our plan. Surprisingly, getting rid of our stuff hasn't been as traumati...
by LeeMKE
Fri Apr 27, 2018 9:46 am
Forum: Personal Consumer Issues
Topic: BH travel tips?
Replies: 193
Views: 15248

Re: BH travel tips?

Lots of great tips. I just ordered a pack of compasses on lanyard clips from Amazon. Here are mine that haven't shown up yet: Rome2Rio.com Great way to find out how to get from one place to another, via all available modes of transportation. Inspirock.com Type in a place, it offers a selection of hi...
by LeeMKE
Fri Apr 27, 2018 8:15 am
Forum: Personal Consumer Issues
Topic: Amazon to raise Prime membership in US to $119 from $99
Replies: 145
Views: 11518

Re: Amazon to raise Prime membership in US to $119 from $99

My goto shopping place is Amazon. I've been a prime member long enough I don't remember when I started. For us, it saves time, and the discounts and free shipping raise it to a preferred vendor status for us.
by LeeMKE
Tue Apr 24, 2018 10:23 pm
Forum: Investing - Help with Personal Investments
Topic: Small Roth, big RMD--advice?
Replies: 14
Views: 2105

Re: Small Roth, big RMD--advice?

The tool at https://www.i-orp.com is what I'm using as guidance for IRA to Roth conversions. Use the extended worksheet.

I-ORP makes quick work of seeing when and how much you should convert to smooth out the SS tax hump, as well as other unattractive outcomes. And it is my favorite price, free.
by LeeMKE
Tue Apr 24, 2018 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Criteria used to make Roth Conversion decision
Replies: 48
Views: 4317

Re: Criteria used to make Roth Conversion decision

+1
Email the author of the program, he’s very responsive. I’m persuaded that aggressive Roth conversion in early retirement is the way to ensure that if DW survives me, she won’t have to face an onslaught of RMDs with a halved standard deduction.
by LeeMKE
Tue Apr 17, 2018 2:28 am
Forum: Local Chapters and Bogleheads Community
Topic: Wisconsin - Milwaukee meetings - Master Thread
Replies: 32
Views: 6018

Re: Wisconsin - Milwaukee meetings - Master Thread

May 1 is the next meeting of Bogleheads I: Established investors ready for retirement LAST MEETING this year! DATE: Tuesday May 1 TIME: Noon PLACE: Bollywood Grille 1038 N. Jackson Milwaukee WI 53202 Parking is open at Metro Market for Bollywood customers. (free) Enter from Juneau (mid level) or Jac...
by LeeMKE
Mon Apr 09, 2018 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: Self-employed newbie: Help with portfolio checkup?
Replies: 8
Views: 537

Re: Self-employed newbie: Help with portfolio checkup?

Just to echo, get a Solo 401k set up before year end. Then you can fund it at tax time next year for this year's income. In your income range, the Solo 401K is a great tool. It will give you plenty of extra space to put away money. I agree that 90/10 is aggressive, but you have a large enough sinkin...
by LeeMKE
Thu Apr 05, 2018 4:33 am
Forum: Investing - Theory, News & General
Topic: Has anyone changed their AA/IPS/investing strategy recently?
Replies: 25
Views: 2355

Re: Has anyone changed their AA/IPS/investing strategy recently?

I haven't changed my IPS, but I did change AA on Monday to increase my percentage of equities temporarily when Total Stock Market had dropped by 3%. It was an RBD. Total Stock Market has since gone up by 3%. Does this mean you rebalanced? I try not to time the market, but couldn't resist when the B...
by LeeMKE
Wed Mar 28, 2018 10:12 pm
Forum: Investing - Theory, News & General
Topic: Does anyone feel they missed out on AMZN, NFLX,TSLA?
Replies: 113
Views: 13244

Re: Does anyone feel they missed out on AMZN, NFLX,TSLA?

Yup. I'm sorry I didn't buy Amazon. But when it went public and flew to $75.00, that was too rich for my blood.
But then again, I missed buying Pets.com, and a few others that tanked.

You can't drive by looking in the rearview mirror.
by LeeMKE
Wed Mar 21, 2018 9:11 am
Forum: Investing - Theory, News & General
Topic: Partial Roth Conversion & i-ORP data
Replies: 17
Views: 1020

Re: Partial Roth Conversion & i-ORP data

FWIW - once I have zeroed in on some preferred plans with the IORP long form I run them on the RPM calculator/spreadsheet for more details. I find the RPM requires much more time but it gives back much more detail and information. I found that the IORP took into account all the changes that were no...
by LeeMKE
Wed Mar 21, 2018 12:26 am
Forum: Investing - Theory, News & General
Topic: Partial Roth Conversion & i-ORP data
Replies: 17
Views: 1020

Re: Partial Roth Conversion & i-ORP data

Sounds like you are able to be finished with IRA2Roth conversions! I envy you. We were so heavy in tax deferred that I've been converting for years now and still have more to go.
by LeeMKE
Wed Mar 21, 2018 12:22 am
Forum: Investing - Theory, News & General
Topic: Bought myself a private island
Replies: 44
Views: 8606

Re: Bought myself a private island

Oooo! Oooo! Let me add my favorite: 4AM emergency call because the tenant dropped a beer keg on the commode and it burst apart and flooded the place. Yup. Don't miss property management one bit. The ONLY way I'd consider it now is if I lived in the building. Having your landlady prowling around seem...
by LeeMKE
Tue Mar 20, 2018 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: Simple investment plan for 80 yr old in assisted living?
Replies: 12
Views: 1525

Re: Simple investment plan for 80 yr old in assisted living?

Your original plan sounds prudent and maintains flexibility for an unknown near future. I wouldn't seek an annuity because 1) no need to pay the commissions when the term is limited and you can manage the assets. 2) An annuity removes most of your flexibility and that might not work out so well. She...
by LeeMKE
Sat Mar 17, 2018 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: [Minimizing costs of a medical procedure (Colonoscopy)]
Replies: 87
Views: 7510

Re: [Minimizing costs of a medical procedure (Colonoscopy)]

I've been the responsible adult and driver for 2 friends getting colonoscopies. In one case, they were tired and a bit hungry, but fine. In the other case, she was just a touch too happy and contented. So much so, that she said things she would have been quite embarrassed to know she said. If I'd as...
by LeeMKE
Thu Mar 08, 2018 9:25 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Profits
Replies: 14
Views: 2648

Re: Fidelity Profits

I like Fidelity and have most of my money there in index funds. I also recommend Fidelity to friends, and I know of 2 people who moved to Fidelity and both use the more expensive services they offer. You can lead a Horse to Water. . . So, I know Fidelity does fine on 2/3 of the customers I've brough...
by LeeMKE
Tue Mar 06, 2018 5:41 pm
Forum: Investing - Help with Personal Investments
Topic: New retiree would like advice--should I be more conservative?
Replies: 15
Views: 2222

Re: New retiree would like advice--should I be more conservative?

Questions: 1. VMFXX money market holds transferred funds from Nicholas Equity Income (NSEIX), which I have just closed out. Should I divide this money among the Vanguard funds I hold, or get another Vanguard fund? I’m thinking of VTSMX (Vanguard Total Stock Market Index). You already have more fund...
by LeeMKE
Thu Mar 01, 2018 8:47 am
Forum: Investing - Theory, News & General
Topic: Do Index Investors Calm Markets?
Replies: 9
Views: 907

Do Index Investors Calm Markets?

This is from this morning’s WSJ email: 10 Points Market FOMO When stocks tumbled in early February, plenty of everyday investors chose to sit tight. For them, fear of missing out on the next leg of the bull market outweighed fears of a big correction. Their calm may have helped share prices rebound:...
by LeeMKE
Sun Feb 25, 2018 1:13 am
Forum: Investing - Theory, News & General
Topic: Anyone subscribe to Socrates ?
Replies: 18
Views: 2367

Re: Anyone subscribe to Socrates ?

When I was in California Real Estate, we knew the same cycle. But we described it as the length of memory of bankers and real estate developers. Predictably, they would forget how painful the last downturn was, and overbuild once again. It always took them about 7 1/2 years to forget, and the crash ...
by LeeMKE
Sun Feb 25, 2018 12:48 am
Forum: Investing - Help with Personal Investments
Topic: Rolling over current employer 401(k) to solo 401(k)
Replies: 7
Views: 539

Re: Rolling over current employer 401(k) to solo 401(k)

Can she roll over her current balance from her employer's 401(k) to this new solo 401(k) even though she continues to work for the employer and plans to continue to contribute to the employer 401(k) plan? Is this something she could do say once a year in January to minimize the drag from the high m...
by LeeMKE
Sat Feb 24, 2018 7:04 pm
Forum: Investing - Theory, News & General
Topic: Evidence that retirement account ID theft is increasing
Replies: 31
Views: 4760

Re: Evidence that retirement account ID theft is increasing

Finally I hope financial institutions will wake up to the social engineering threat. The best laid security precautions can’t prevent a gullible CSR allowing a friendly sounding fraudster to change a password. The challenge FI have is they still have many older people who conduct transactions via t...
by LeeMKE
Fri Feb 23, 2018 6:33 pm
Forum: Personal Consumer Issues
Topic: anonymous financial gift to student / best gift card option
Replies: 54
Views: 3215

Re: anonymous financial gift to student / best gift card option

This is someone you trust a great deal, right? Works in the university's giving / development office. So far, they have seemed very sincere and professional, but, I don't know the person personally, myself. +1 The school Foundation or Development office is set up for this kind of gift. Happens more...
by LeeMKE
Fri Feb 23, 2018 6:21 pm
Forum: Investing - Theory, News & General
Topic: Evidence that retirement account ID theft is increasing
Replies: 31
Views: 4760

Re: Evidence that retirement account ID theft is increasing

+1 Lorne There are some things we must do to protect ourselves, since users are the weak link in the cases cited. BUT some things we aren't so able to thwart, and those kinds of data breaches will become more prevalent. This article cites a survey of 80 experts, who expect a catastrophic data breach...
by LeeMKE
Thu Feb 22, 2018 1:26 pm
Forum: Investing - Theory, News & General
Topic: What's the impact of no more Roth recharacterization?
Replies: 30
Views: 3285

Re: What's the impact of no more Roth recharacterization?

We are dismayed with this change. Our business income has been too volatile to correctly predict taxable income until after the close of the tax year. So, to thread between ACA maximum and maximum conversion to Roth, we converted early in the year (best odds for the market rising since conversion) a...