Search found 1676 matches

by LeeMKE
Fri Feb 23, 2018 6:33 pm
Forum: Personal Consumer Issues
Topic: anonymous financial gift to student / best gift card option
Replies: 38
Views: 1289

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: 13
Views: 2304

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: 2785

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...
by LeeMKE
Thu Feb 22, 2018 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: New Boglehead's First Post [portfolio questions]
Replies: 4
Views: 596

Re: New Boglehead's First Post [portfolio questions]

Questions: 1) We started the USAA ROTH IRAs a few years ago to just start some kind of retirement saving. At the time, I didn’t do a lot of research into funds and ERs. We had been all our banking and insurance with USAA, and I liked the idea of having everything in one place. The USAA Target Date ...
by LeeMKE
Tue Feb 13, 2018 1:36 pm
Forum: Local Chapters and Bogleheads Community
Topic: Wisconsin - Milwaukee meetings - Master Thread
Replies: 23
Views: 4363

Re: Wisconsin - Milwaukee meetings - Master Thread

March 6 is the next meeting of Bogleheads I: Established investors ready for retirement SAFE WITHDRAWAL RATE CALCULATOR from Can I Retire Yet? We'll go over this checklist from Darrow Kirkpatrick of Can I Retire Yet? and discuss how we are all approaching retirement withdrawals, along with whatever ...
by LeeMKE
Tue Feb 13, 2018 1:24 pm
Forum: Local Chapters and Bogleheads Community
Topic: Wisconsin - Milwaukee meetings - Master Thread
Replies: 23
Views: 4363

Re: Wisconsin - Milwaukee meetings - Master Thread

March 5 is the next meeting of Bogleheads II: The place for new investors and early financial expertise TAX RETURNS Bob and Laura will try to answer questions about your tax returns, or show you where to get answers. This group is for young investors, starting out their careers and learning the rope...
by LeeMKE
Fri Feb 09, 2018 9:50 am
Forum: Investing - Help with Personal Investments
Topic: Please critique...fairly new to the boglehead method!!
Replies: 11
Views: 672

Re: Please critique...fairly new to the boglehead method!!

If you know you will be self employed soon, read up on the Solo 401K program. Max is $54k/year, and that will help. With that you can also continue backdoor ROTH. The tricky thing about Solo 401K is that the account must be opened in the same year as income received, though you can contribute the fo...
by LeeMKE
Thu Feb 08, 2018 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy Coverage Amount
Replies: 11
Views: 882

Re: Umbrella Policy Coverage Amount

I was thrilled with the help I got from State Farm.

And the other side ended up paying ME to agree to settle.
by LeeMKE
Thu Feb 08, 2018 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy Coverage Amount
Replies: 11
Views: 882

Re: Umbrella Policy Coverage Amount

My questions: 1) Does anybody have data on jury awards for liability against individuals? If no jury has ever awarded more than X against an individual, then it probably doesn’t make sense to insure for greater than X. I don't have that data, and insurance carriers aren't likely to provide it becau...
by LeeMKE
Thu Feb 08, 2018 9:17 pm
Forum: Investing - Help with Personal Investments
Topic: Please critique...fairly new to the boglehead method!!
Replies: 11
Views: 672

Re: Please critique...fairly new to the boglehead method!!

Questions: 1. Am I on the right track? What would you change? I like that at your age you are jumping on this with both feet. I wouldn't change much, but it would be helpful to fill in the blanks as already suggested. 2. What other accounts should I open, in the event I have cash left over? Are you...
by LeeMKE
Fri Feb 02, 2018 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity: Do the offices accept cash deposits
Replies: 4
Views: 559

Re: Fidelity: Do the offices accept cash deposits

Thanks everyone! DH will just have to wait for me to get home so I can run a deposit and print a check. Hilarious just how difficult/worthless US currency is for doing business.
by LeeMKE
Fri Feb 02, 2018 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity: Do the offices accept cash deposits
Replies: 4
Views: 559

Fidelity: Do the offices accept cash deposits

You'd think this would be easy to find the answer to, but I called today and got lost in their voicemail system trying to guess how to get the right person on the line. The website isn't helpful for what should be a simple question. DH would like to drop off a deposit for an IRA, but he has it in ca...
by LeeMKE
Fri Feb 02, 2018 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Criteria used to make Roth Conversion decision
Replies: 39
Views: 2713

Re: Criteria used to make Roth Conversion decision

I'm using I-ORP to calculate IRA to Roth conversions. Very glad to have the illumination offered by that tool.
by LeeMKE
Sat Jan 27, 2018 12:41 pm
Forum: Personal Consumer Issues
Topic: Selling home to rent in better area?
Replies: 18
Views: 1364

Re: Selling home to rent in better area?

One thought I can offer is that real estate cycles in CA are routine (5-7 years) and severe. You may well position yourselves to buy on a downturn, and would know where to watch when you are renting in that neighborhood.
by LeeMKE
Sat Jan 27, 2018 12:27 pm
Forum: Personal Consumer Issues
Topic: Pros and Cons of High Rise Condos for retired couple
Replies: 47
Views: 5102

Re: Pros and Cons of High Rise Condos for retired couple

We did what the OP's family are considering. Last house was 3500+ sq ft in the burbs, with large lot. We moved downtown to 1650 sq ft and found it too large. Now we are in 1560 sq ft (23rd floor) and it's comfortable. We will probably go down to 1200 sq ft +/- on our next move. Rent first, then cons...
by LeeMKE
Wed Jan 24, 2018 9:28 pm
Forum: Investing - Help with Personal Investments
Topic: Direct CD vs. Brokered CD
Replies: 21
Views: 3092

Re: Direct CD vs. Brokered CD

I also buy brokered CDs at Fidelity. I was really annoyed with the nuisance factor of how small CDs pile up in the account holdings list, making a mess of seeing what is going on. But then I found a page on the Fidelity site that lets you look at your CDs, sorted anyway you like, and that calms my d...
by LeeMKE
Mon Jan 22, 2018 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Have you or anyone you know actually used umbrella coverage?
Replies: 34
Views: 3422

Re: Have you or anyone you know actually used umbrella coverage?

When the insurer has more money in play, it’s my opinion that they work harder to defend the claim rather than settle for the policy limits. I had a claim made against me, and with both Homeowner coverage and an umbrella policy, it seems the legal defense I got was more robust because it might exce...
by LeeMKE
Sat Jan 20, 2018 11:42 am
Forum: Investing - Theory, News & General
Topic: Reconciling thoughts on Investing Vs Paying down mortgage
Replies: 15
Views: 1925

Re: Reconciling thoughts on Investing Vs Paying down mortgage

compounding interest :oops: It makes your savings prosper, but costs you dearly when you are the debtor. Prepay a 30 year mortgage so that it will amortize over 15 instead of 30 years, and your ROI will be over 25% without having to do the math for your specific situation. And this return is tax fre...
by LeeMKE
Fri Jan 19, 2018 8:08 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Critique for my Father
Replies: 16
Views: 2131

Re: Retirement Critique for my Father

If he will be making a second income, is it 1099 or W-2? If 1099, he can open a Solo 401K and shove quite a bit more into that each year (up to $54,000), which reduces taxable income by a nice hunk. I wonder whether he should be considering doing some conversions to ROTH, to provide a larger pocket ...
by LeeMKE
Thu Jan 18, 2018 11:04 am
Forum: Investing - Theory, News & General
Topic: $399 - New Course - Fire your Financial Advisor - By WhiteCoat Investor - Anyone?
Replies: 121
Views: 7577

Re: $399 - New Course - Fire your Financial Advisor - By WhiteCoat Investor - Anyone?

Every new doc I know, I buy White Coat Investor's book as a gift to them. If one of them was a family member, I might buy the course for them. Honestly, medical professionals need help, and WCI is prudent and wise beyond his career cohort. If he can save them from the Dumb Doctor Tricks they get suc...
by LeeMKE
Sat Jan 13, 2018 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: Advice and Planning
Replies: 4
Views: 468

Re: Advice and Planning

Thanks. Now we have something to go on. Here's my initial reaction, in priority order (instead of the order you asked) and I'm sure others will chime in as well: 1) Get ready for those RSAs coming next year and the year after: Pay off the remaining CC and student loan from your cash. Start accumulat...
by LeeMKE
Sat Jan 13, 2018 1:54 pm
Forum: Investing - Theory, News & General
Topic: Withdrawal sequencing
Replies: 19
Views: 1905

Re: Withdrawal sequencing

+1mhalley
You can use extended orp to calculate a Roth conversion plan.
https://www.i-orp.com/GOPtax/extended.html
I-ORP will give you a page of specific withdrawals, calculated to minimize your taxes each year, over your retirement period. Very handy.
by LeeMKE
Sat Jan 13, 2018 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: Advice and Planning
Replies: 4
Views: 468

Re: Advice and Planning

Is your mortgage just $2k remaining, or is that your monthly payment? Same question for the student loan(s), $5k remaining, or is that your monthly payment? Are the credit cards paid off each month, or do you have a balance of $5k? Sorry, but we avoid giving the wrong advice by using the recommended...
by LeeMKE
Sat Jan 13, 2018 1:30 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in international etf in Roth IRA
Replies: 2
Views: 172

Re: Investing in international etf in Roth IRA

Maybe I'm misunderstanding here. Once money is in a Roth IRA, it is not taxed again. Dividends are completely sheltered from taxation.
by LeeMKE
Sat Jan 13, 2018 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Where to Invest Emergency Fund
Replies: 11
Views: 802

Re: Where to Invest Emergency Fund

Looks like a good plan, ergo, no comments so far.
by LeeMKE
Sat Jan 13, 2018 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: Opinions for 2018 investment plans - tIRA to ROTH, pay off mortgage 10/1 ARM or student loans
Replies: 13
Views: 823

Re: Opinions for 2018 investment plans - tIRA to ROTH, pay off mortgage 10/1 ARM or student loans

+1 katnyc You are in exceptionally good shape. My only immediate recommendation was going to be running your two debts through the same calculator you already found. I would also strongly recommend that you consider doing your own taxes, using any one of the popular tax softwares. They will calculat...
by LeeMKE
Mon Jan 08, 2018 5:23 pm
Forum: Investing - Help with Personal Investments
Topic: New tax plan-62 year old convert to Roth before RMD?
Replies: 31
Views: 2546

Re: New tax plan-62 year old convert to Roth before RMD?

I use I-ORP and I have been eligible for the ACA subsidy. My cliff is severe, so I was motivated to stay under the threshold of MAGI income the last 3 years. The analysis by I-ORP was my guide. I would convert a large amount early in the year, figuring that if we could not stay under the threshold, ...
by LeeMKE
Mon Jan 08, 2018 3:49 pm
Forum: Investing - Help with Personal Investments
Topic: New tax plan-62 year old convert to Roth before RMD?
Replies: 31
Views: 2546

Re: New tax plan-62 year old convert to Roth before RMD?

I can't imagine any practical way for software to model ACA items. . . . my unsubsidized ACA Premium, is the same as a twenty something adult faces, because NY doesn't allow age discrimination. In other states, a 64 year old adult would face a much higher unsubsidized premium (and qualify for a muc...
by LeeMKE
Mon Jan 08, 2018 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: New tax plan-62 year old convert to Roth before RMD?
Replies: 31
Views: 2546

Re: New tax plan-62 year old convert to Roth before RMD?

+1 Diogenes and iammoe

I can be certain only that the future will be different than we can predict. So, "best guess" and "good enough" are all we can do for long term outcomes (over 7 years in the future).
by LeeMKE
Sun Jan 07, 2018 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: Another - Starting Social Security Question
Replies: 30
Views: 1971

Re: Another - Starting Social Security Question

I suggest you try utilizing the IORP calculator +1 Smitcat There are several moving parts in your question. Solve for them by using I-ORP for this question. In my case, most of the calculators recommended that both of us wait (66 and 70). But I had a niggling concern about drawing down so strongly ...
by LeeMKE
Sat Jan 06, 2018 1:00 am
Forum: Personal Finance (Not Investing)
Topic: Downsizing to one car in retirement...
Replies: 68
Views: 4161

Re: Downsizing to one car in retirement...

We live downtown. When ZipCar put two cars across the street, I decided to leave my car parked over the winter and see if ZipCar, Uber/Lyft, bus and walking could be substituted. In the spring, I sold my car, 4 years ago. DH is still working, and needs a car to commute to the shop daily. But he like...
by LeeMKE
Sat Jan 06, 2018 12:22 am
Forum: Investing - Help with Personal Investments
Topic: What strategy do you use to reduce sequence of returns risk in retirement?
Replies: 117
Views: 7758

Re: What strategy do you use to reduce sequence of returns risk in retirement?

I've been studying this topic for the last 6 months to come up with our strategy. We begin withdrawals next July. About half of our spending will be covered by pension/social security. We have LTCi. Our AA is 60/40. Of the 40% in Bond like holdings, about half is in CD ladders, equaling about 4 year...
by LeeMKE
Fri Jan 05, 2018 9:24 am
Forum: Investing - Theory, News & General
Topic: When married, whose contribution should you prioritize?
Replies: 30
Views: 2880

Re: When married, whose contribution should you prioritize?

My recommendation would be to put some emergency fund money in a Roth if you have some and cannot max your Roth: https://www.bogleheads.org/wiki/Roth_IR ... gency_fund +1 Klangfool +1 Livesoft Try to fill tax deferred space as early as possible. It is use it or lose it. As for the split, I'm in the...
by LeeMKE
Wed Jan 03, 2018 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: CD ladder in cash bucket
Replies: 6
Views: 686

Re: CD ladder in cash bucket

I don't find the spreads over 1 year to be very compelling right now I don't think an extra 0.25% is worth doubling the duration the rates for terms longer than 2 years are not sufficiently high to justify the higher risk associated with longer term CDs. Thanks everyone! I'll double up the amount i...
by LeeMKE
Wed Jan 03, 2018 12:43 am
Forum: Investing - Help with Personal Investments
Topic: CD ladder in cash bucket
Replies: 6
Views: 686

Re: CD ladder in cash bucket

5 year CDs are at 2.65%
by LeeMKE
Wed Jan 03, 2018 12:41 am
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Planning Advice
Replies: 43
Views: 4218

Re: Early Retirement Planning Advice

The last time I knew something about my retirement for sure, was when I knew I would retire in January 2009. :oops: THAT didn't happen. :? In our case, we have very good records about our spending. BUT we plan to travel full time during early retirement, and that can't be budgeted quite so easily. M...
by LeeMKE
Wed Jan 03, 2018 12:00 am
Forum: Investing - Help with Personal Investments
Topic: CD ladder in cash bucket
Replies: 6
Views: 686

CD ladder in cash bucket

I have a CD ladder in my cash bucket which will be used for withdrawals in retirement. Up to now, I've had a bit over 2 years of projected withdrawals in the CD ladder. But I'm bumping the total amount up to almost 4 years of withdrawals. I am wondering which way to construct the ladder: A) extend t...
by LeeMKE
Tue Jan 02, 2018 10:46 am
Forum: Investing - Theory, News & General
Topic: Roth Conversions without ability to Recharacterize
Replies: 45
Views: 2513

Re: Roth Conversions without ability to Recharacterize

In our case, conversion will have to wait until the last quarter of the year. We pay estimated taxes quarterly, and if you convert, you'll owe the taxes in that quarter, not later. Now that recharacterization is gone, others may also be subject to this "gotcha." Penalties for late payment may wipe o...
by LeeMKE
Mon Jan 01, 2018 10:57 pm
Forum: Investing - Theory, News & General
Topic: Roth Conversions without ability to Recharacterize
Replies: 45
Views: 2513

Re: Roth Conversions without ability to Recharacterize

I was heavily using the recharacterization method and will miss not having it available. The first year, I had converted in the fall, and was dismayed after a downturn that I'd be paying taxes on phantom funds. I learned here to convert early in the year, giving me the longest period to see an incre...
by LeeMKE
Fri Dec 29, 2017 10:35 am
Forum: Investing - Help with Personal Investments
Topic: Tax Bracket going from 15% to 22%. Should I change type of account to invest in for retirement?
Replies: 19
Views: 1745

Re: Tax Bracket going from 15% to 22%. Should I change type of account to invest in for retirement?

yes.

I cringed when I started reading, thinking about how difficult a calculation I might be faced with. But when I got to your last line, it is easy. Yes, you've reached the moment to transition from Roth to tIRA. Keep going!
by LeeMKE
Fri Dec 29, 2017 10:19 am
Forum: Investing - Help with Personal Investments
Topic: Home loan calculations - 15 year vs 30 year
Replies: 8
Views: 730

Re: Home loan calculations - 15 year vs 30 year

+1 runner3081 AND most people do not stay in their home for 15 or 30 years. The difference between the interest paid in the first 7 years (longer than most homeowners stay in their home) gives the 15 year loan an ROI of serious money (back in the 1980's 51%, the last time I did the calculation in 20...
by LeeMKE
Thu Dec 28, 2017 5:43 pm
Forum: Local Chapters and Bogleheads Community
Topic: Wisconsin - Milwaukee meetings - Master Thread
Replies: 23
Views: 4363

Re: Wisconsin - Milwaukee meetings - Master Thread

Greetings:

At the last meeting, the Wifi didn't work very well at the restaurant...so most of us were unable to connect. Will printed hard copies be sufficient?

Thanks
Yup. Print the graphs and you'll be all set! Usually the WiFi is fine, but better safe than sorry!
by LeeMKE
Thu Dec 28, 2017 5:19 pm
Forum: Local Chapters and Bogleheads Community
Topic: Wisconsin - Milwaukee meetings - Master Thread
Replies: 23
Views: 4363

Re: Wisconsin - Milwaukee meetings - Master Thread

Yup! Our favorite price, FREE parking.
by LeeMKE
Thu Dec 28, 2017 5:15 pm
Forum: Local Chapters and Bogleheads Community
Topic: Wisconsin - Milwaukee meetings - Master Thread
Replies: 23
Views: 4363

Re: Wisconsin - Milwaukee meetings - Master Thread

January 8 is the next meeting of Bogleheads II for new investors Topic: Side Gigs When you are setting up a Side Gig, what tips do you need to put your mini-business on solid footing? Please bring an internet friendly device to follow the presentation. Here is a link to this month’s presentation: ht...
by LeeMKE
Thu Dec 28, 2017 5:05 pm
Forum: Local Chapters and Bogleheads Community
Topic: Wisconsin - Milwaukee meetings - Master Thread
Replies: 23
Views: 4363

Re: Wisconsin - Milwaukee meetings - Master Thread

January 2 is the next meeting of Bogleheads I for accomplished investors Topic: Equity Glidepath New Research spurred a lively discussion at the Madison Bogleheads meeting, so I stole the references so we could talk about this topic as well. Please bring an internet friendly device to follow the pre...
by LeeMKE
Thu Dec 28, 2017 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: Introduction time
Replies: 21
Views: 1627

Re: Introduction time

+1 Dottie57

15% isn't arbitrary, though if you do a straight line analysis it will look like too much. It ain't, but you'll need to do some homework if you want to know the nuts and bolts.
by LeeMKE
Wed Dec 27, 2017 9:32 am
Forum: Investing - Help with Personal Investments
Topic: Wife's Windfall/Inheritance/Retirement/Merrill Lynch
Replies: 37
Views: 4861

Re: Wife's Windfall/Inheritance/Retirement/Merrill Lynch

+1 Watty The cost basis should be the value of the stock on the day that the father in law died so the capital gains would only be the change in th price over the last year unless I am missing something. I missed noticing this. I stand corrected, payoff the mortgage with some of the taxable stocks.
by LeeMKE
Tue Dec 26, 2017 11:35 pm
Forum: Investing - Help with Personal Investments
Topic: Wife's Windfall/Inheritance/Retirement/Merrill Lynch
Replies: 37
Views: 4861

Re: Wife's Windfall/Inheritance/Retirement/Merrill Lynch

If we do decide to just go with equities, would you suggest TSM and Total International, or something else?
Yes, those two would be ideal.
by LeeMKE
Tue Dec 26, 2017 11:02 pm
Forum: Investing - Help with Personal Investments
Topic: Help me ace my portfolio!
Replies: 2
Views: 546

Re: Help me ace my portfolio!

1. Should we roll one/both of the 457b’s into the 1st 401k? We would lose the withdrawal flexibility of the 457b but would be able to lower the expenses. Yes. Rollover both if possible. It will simplify your rebalancing and lower expenses. You are far enough along in your savings life that you don'...
by LeeMKE
Tue Dec 26, 2017 10:36 pm
Forum: Investing - Help with Personal Investments
Topic: Wife's Windfall/Inheritance/Retirement/Merrill Lynch
Replies: 37
Views: 4861

Re: Wife's Windfall/Inheritance/Retirement/Merrill Lynch

1. I need guidance on the necessity of international investing. Recommendations? Vanguard is using 40% of equities in international. That's what I do as well. Jack is much older than you and I, so his horizon is shorter. 2. From what I've read, when we are ready to move, I can just call Vanguard an...