Search found 1486 matches

by LeeMKE
Wed May 17, 2017 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: ROTH Conversion Goal
Replies: 13
Views: 755

Re: ROTH Conversion Goal

Try out this calculator: http://www.I-ORP.com You can specify the estate you want left behind at a minimum, and get advice as to how much to convert to ROTH, and when, to smooth out taxes. It would be very unusual to get a recommendation to convert all or most of your IRA to ROTH. But this tool give...
by LeeMKE
Wed May 17, 2017 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: FIL's $100k Question
Replies: 5
Views: 658

Re: FIL's $100k Question

+1 Grt2bOutdoors
by LeeMKE
Mon May 15, 2017 10:52 pm
Forum: Investing - Help with Personal Investments
Topic: From selling to renting - what to do with proceeds?
Replies: 8
Views: 905

Re: From selling to renting - what to do with proceeds?

+1 Meg77 A 3.5% return on your capital is certain and really good for the first $80,000. Then send those payments to your taxable account to build up the emergency fund and eventually build another home down payment. I'm holding CD ladders right now: if interest rates rise, bonds fall, so I'm not ad...
by LeeMKE
Mon May 15, 2017 10:44 pm
Forum: Investing - Help with Personal Investments
Topic: New Graduate w/ Large Loans & New Job - Options
Replies: 25
Views: 1689

Re: New Graduate w/ Large Loans & New Job - Options

That debt is pretty hefty, but you are young, so you have the grace of some time. I am unsure as to how much to allocate towards these incentives (if not maxing them) verses paying the loans as fast as possible. I am also not sure exactly which federal repayment plan makes the most sense. PAYE seems...
by LeeMKE
Fri May 12, 2017 6:13 pm
Forum: Investing - Theory, News & General
Topic: How I use I-ORP, and who shouldn't
Replies: 35
Views: 2269

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

chuckb84 wrote: ...Since I retired at 61, if I postponed SS to age 70 to maximize total retirement spending, I'd draw down my 401k by 40% before I got there, OTOH, if I took SS at 62, the drawdown is no more than 10%. Postponing SS to 70 results in about 1% more total spending in retirement (from 6...
by LeeMKE
Thu May 11, 2017 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: Who really needs an umbrella insurance?
Replies: 38
Views: 4864

Re: Who really needs an umbrella insurance?

I added umbrella coverage when I married a guy with 2 teenage kids.
by LeeMKE
Thu May 11, 2017 3:35 pm
Forum: Investing - Theory, News & General
Topic: How I use I-ORP, and who shouldn't
Replies: 35
Views: 2269

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

Well it won't let me zero the trad401k to zero. It keeps spending taxable and refuses to move anything to Roth then. It wants somebody to inherit some 401k and some Roth then. It actually leaves several hundred thousand dollars more in ending account balance then if some other non-LP plan was feasi...
by LeeMKE
Thu May 11, 2017 3:29 pm
Forum: Investing - Theory, News & General
Topic: How I use I-ORP, and who shouldn't
Replies: 35
Views: 2269

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

Thanks. This year will be my last year of ROTH conversion. My pension starts next year so I probably won't have any room. I will convert up to but just shy of the bottom of the 30% range in 2017. For that I just do a pro-forma return in December - it is usually accurate to within a couple hundred b...
by LeeMKE
Thu May 11, 2017 2:46 pm
Forum: Investing - Theory, News & General
Topic: How I use I-ORP, and who shouldn't
Replies: 35
Views: 2269

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

For most people things like ROTH conversions make a small difference. You either can't convert enough (i.e. you only have say 5 years and can only do 50k/year out of a 2 million ira) or there just isn't much of a savings (you can't avoid SS being fully taxed. You are paying 28% now or later). Agree...
by LeeMKE
Thu May 11, 2017 12:22 pm
Forum: Investing - Theory, News & General
Topic: How I use I-ORP, and who shouldn't
Replies: 35
Views: 2269

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

I haven't had the time to check side by side a comparison but I'd anticipate the end results would be similar when the time to start doing that actually comes. It all depends on what the annual tax bracket is, lower or higher. Please come back after you try I-ORP. I'm curious to hear whether you ge...
by LeeMKE
Thu May 11, 2017 12:19 pm
Forum: Investing - Theory, News & General
Topic: How I use I-ORP, and who shouldn't
Replies: 35
Views: 2269

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

As I look at the basic ORP today, it says one assumption is that "IRA to Roth IRA conversions are not included. At least one quantitative study (See page 47) reports that conversions offer little economic advantage but their dramatic increase in taxes paid in early retirement tends to panic th...
by LeeMKE
Thu May 11, 2017 11:49 am
Forum: Investing - Theory, News & General
Topic: How I use I-ORP, and who shouldn't
Replies: 35
Views: 2269

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

John Z wrote: jebmke wrote: I tried i-Orp a few years ago but found that their tax algorithms were simplistic and flawed. perhaps they have enhanced them since then. +1 I found also that the suggested approach was way too aggressive (like converting TIRAs to Roths within the first 2 years and a num...
by LeeMKE
Thu May 11, 2017 10:41 am
Forum: Investing - Theory, News & General
Topic: How I use I-ORP, and who shouldn't
Replies: 35
Views: 2269

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

Is anyone else concerned that after making massive conversions to their Roth IRAs (and paying the taxes on them) that the laws may be changed to penalize "rich" people who have sheltered too much in Roths? Anything can happen, but if like me, you are under $5 million, we are likely to be ...
by LeeMKE
Thu May 11, 2017 10:16 am
Forum: Personal Finance (Not Investing)
Topic: I-ORP, Firecalc, The RPM, etc, et al: Question
Replies: 7
Views: 758

Re: I-ORP, Firecalc, The RPM, etc, et al: Question

+1 all Yes, the only planners I use allow a split between the "end of plan" for each person. 15 years ago, I was focused on "Do we have enough to reach 95? 10 years ago I started splitting our end of plan dates to find worst case. It is that DH dies first. So then I started using DH a...
by LeeMKE
Thu May 11, 2017 1:47 am
Forum: Investing - Theory, News & General
Topic: How I use I-ORP, and who shouldn't
Replies: 35
Views: 2269

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

I fit the parameters to use I-ORP, and it has been a big help: 1) I am principally invested in tax deferred accounts (IRA and 401K) and had done some IRA to ROTH conversions, but wanted to know if more would optimize my taxes during retirement. 2) My estate is not over $5 million, so no estate tax c...
by LeeMKE
Sat May 06, 2017 10:40 am
Forum: Investing - Help with Personal Investments
Topic: First Time Portfolio/AA Questions
Replies: 1
Views: 139

Re: First Time Portfolio/AA Questions

It looks like you are doing a great job organizing everything. Questions: 1. Is a 100% stock 0% bond allocation prudent for now? I have a strong stomach and understand I could take a short term hit of maybe 50%. Is the risk profile reasonable considering my goal retirement in 24 years? Vanguard’s ta...
by LeeMKE
Sat May 06, 2017 9:59 am
Forum: Investing - Help with Personal Investments
Topic: Birthday Rebalance - Quick Quesiton
Replies: 8
Views: 644

Re: Birthday Rebalance - Quick Quesiton

+1 everyone BUT you might want to start planning for the day when you have enough to rebalance, but not enough to have every fund in every account. Once you meet the minimum investment for the fund you have (sometimes it is $10,000, so be sure you have that plus a margin for market swings. I use $15...
by LeeMKE
Sat May 06, 2017 9:52 am
Forum: Investing - Help with Personal Investments
Topic: How much to contribute to deferred compensation?
Replies: 9
Views: 1198

Re: How much to contribute to deferred compensation?

Your deferred comp plan looks like it could be used for two things: Early retirement - As you know, most retirement plans don't allow early w/d without penalty, and this could be substituted (with one year notice) Disability - I'd be tempted to load this account up for a couple years and then start ...
by LeeMKE
Sat May 06, 2017 9:40 am
Forum: Investing - Help with Personal Investments
Topic: New Here, Could Use Some Advice. How am I Doing?
Replies: 8
Views: 1354

Re: New Here, How am I Doing?

Welcome! It is really nice to have a newcomer who has done their homework and read the materials so many folks here have spent hours and years putting together. Thank you! Drat about the ROTH contribution, but better you caught this now than later. We all have boo boos and regrets, and if this is yo...
by LeeMKE
Wed May 03, 2017 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: do we have too much disability insurance?
Replies: 11
Views: 954

Re: do we have too much disability insurance?

I had private coverage at lower monthly payments than just quoted, and annual premium of $2700 over 15 years ago. You won't find less expensive coverage than what you are mentioning here as group coverage, IMHO. The good news is that you don't need this coverage forever. You should be watching your ...
by LeeMKE
Wed May 03, 2017 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Will REIT's Protect You From Inflation?
Replies: 22
Views: 1910

Re: Will REIT's Protect You From Inflation?

Here's a parting gift to ponder on REITs: The properties purchased by REITs are those that are not built/owned by the user. For example, Apple owns their own commercial property.When times are good, successful firms build and hold their own real estate. When times get bad, companies may sell/lease b...
by LeeMKE
Tue May 02, 2017 11:41 pm
Forum: Investing - Help with Personal Investments
Topic: 403(b) to IRA or Roth IRA?
Replies: 3
Views: 326

Re: 403(b) to IRA or Roth IRA?

I have no opinion nor expertise on the TIRA backdoor to Roth issue.

However, I'd roll out of the 403b to TIRA. The savings over the next decades make that transfer an easy decision. I don't need to break out a calculator to know you'll be better off.
by LeeMKE
Tue May 02, 2017 11:36 pm
Forum: Investing - Help with Personal Investments
Topic: Will REIT's Protect You From Inflation?
Replies: 22
Views: 1910

Re: Will REIT's Protect You From Inflation?

I don't hold REITs.

So if inflation isn't a reason to hold REITs, why do some folks like to hold these?
by LeeMKE
Tue May 02, 2017 11:30 pm
Forum: Investing - Help with Personal Investments
Topic: Noob seeking investing advice
Replies: 5
Views: 641

Re: Noob seeking investing advice

If it were I, I would look at your situation as having two savings objectives: retirement and these mystery expenses (ME) The retirement portfolio should be fairly aggressive, and you should continue saving for it. This should be a priority. If you think not, read a few posts from newbies here who p...
by LeeMKE
Sun Apr 30, 2017 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Help create a Financial Presentation: Calling all Bogleheads
Replies: 122
Views: 17099

Re: Help create a Financial Presentation: Calling all Bogleheads

Thanks LadyGeek for the work to get these posted. I'd add that these are presentations from the Wisconsin Milwaukee Bogleheads Chapter. Some are presentations I put together, but many are authored by other members. We use a standard template for all our presentations, so they might look like they ca...
by LeeMKE
Sun Apr 30, 2017 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Retiree Portfolio Model (in my case)
Replies: 18
Views: 2026

Re: Retiree Portfolio Model (in my case)

My I-ORP results also have aggressive conversions early. I'm following it because it will minimize our taxes better than any other option. The alternatives ain't pretty since we have much in IRA and 401K which will all be taxable income upon withdrawal, and this, with our social security payments, w...
by LeeMKE
Sat Apr 29, 2017 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Retiree Portfolio Model (in my case)
Replies: 18
Views: 2026

Re: Retiree Portfolio Model (in my case)

Have you tried http://www.I-ORP.com?

Your dilemma is covered by this tool, so I'd get there and work through your options. You can always confirm the advice with your own calculations, but good grief -- get this excellent help and avoid reinventing the wheel.
by LeeMKE
Sat Apr 29, 2017 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating commercial lease- advice
Replies: 12
Views: 926

Re: Negotiating commercial lease- advice

I deal with commercial leasing for DH business. The financials you are being asked for is standard for a new business. I'm not so sure I'd want to hand over my SS#, but all the rest is SOP. The landlord is basically a lender/partner in your success, because if you fail, they are stuck with a special...
by LeeMKE
Sat Apr 29, 2017 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Help create a Financial Presentation: Calling all Bogleheads
Replies: 122
Views: 17099

Re: Help create a Financial Presentation: Calling all Bogleheads

LadyGeek, I just saw this thread today for the first time. WI-Milwaukee has a collection of presentations in PowerPoint that we've created over the last few years. I have a problem getting into Google Docs, so I might need help converting our files for the Wiki. 1) Do you want duplicate topics? I co...
by LeeMKE
Fri Apr 28, 2017 9:47 pm
Forum: Investing - Help with Personal Investments
Topic: My Small Business 401k
Replies: 5
Views: 368

Re: My Small Business 401k

Is there something I'm not aware of that I should be that is motivating the comments here? A traditional 401K is a different animal from a Solo 401K. In this case, the fiduciary responsibility is one I'd be leery of assuming as a small business owner. It might not even be legal to self-manage the 4...
by LeeMKE
Wed Apr 26, 2017 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: Can't contribute to employer 401k, what to do?
Replies: 7
Views: 639

Re: Can't contribute to employer 401k, what to do?

Just another echo: Solo 401K See more at these links: https://www.bogleheads.org/wiki/Solo_401(k)_plan https://www.bogleheads.org/forum/viewtopic.php?f=1&t=126525 Re: Fidelity Individual 401k - Roth option by DSInvestor » Fri Nov 15, 2013 8:10 pm Vanguard's solo 401(k) is called Individual 401(k...
by LeeMKE
Wed Apr 26, 2017 12:38 am
Forum: Personal Finance (Not Investing)
Topic: First Mortgage, need help with financial considerations (15 vs. 30 year)
Replies: 24
Views: 2046

Re: First Mortgage, need help with financial considerations (15 vs. 30 year)

I might consider a 7/1 or 10/1 ARM to keep the 30 year amortization but save on interest. That depends on if this is a "long term" home or a stepping stone. +1 bloom2708 This is the best of both worlds: LOWER interest rate saves plenty over the years PREPAY the mortgage based on a 15 year...
by LeeMKE
Mon Apr 24, 2017 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Kitces on Social Security- Divorce and the spousal benefit
Replies: 4
Views: 1119

Re: Kitces on Social Security- Divorce and the spousal benefit

Thanks for posting this. I read all these articles in case there is a nugget that applies to us.
by LeeMKE
Mon Apr 24, 2017 12:00 am
Forum: Personal Finance (Not Investing)
Topic: Automatic Increase Benefit Rider
Replies: 3
Views: 467

Re: Automatic Increase Benefit Rider

As long as your income is increasing, I'd take the increases in coverage and premium.

Look forward to the day that you give up disability coverage because your portfolio is strong enough to cover you instead!
by LeeMKE
Sun Apr 23, 2017 11:10 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Questions
Replies: 1
Views: 236

Re: Portfolio Questions

Congratulations, you won the game. Honestly, you have enough for your retirement objectives, so almost anything you do will work out fine. If you are willing to spend some time reading in the Wiki here, you'll get more suggestions, but it looks like you simply need to work on a draw down plan to man...
by LeeMKE
Wed Apr 19, 2017 4:17 pm
Forum: Investing - Help with Personal Investments
Topic: SEP Portfolio Help
Replies: 2
Views: 257

Re: SEP Portfolio Help

1) Did you get this money into the account before filing your tax return for 2016? 2) Starting out, the All In One Funds, like retirement date funds are the way to go. VSMGX qualifies. Later, you may want to split your investments into separate index funds, but to do that at the lowest cost, you'll ...
by LeeMKE
Wed Apr 19, 2017 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Allocation
Replies: 8
Views: 1222

Re: Retirement Allocation

See this: https://www.bogleheads.org/wiki/Three-fund_portfolio The reason the advisor cannot do more is because he is not a licensed advisor. The advice and help you got is excellent. You just need to make the final selection yourself, and around here, we're not reluctant to provide information abou...
by LeeMKE
Wed Apr 19, 2017 3:56 pm
Forum: Investing - Help with Personal Investments
Topic: SEP transfer for 2016 failed, now what?
Replies: 6
Views: 433

Re: SEP transfer for 2016 failed, now what?

Good question for your investment firm.

Self employed 401K MUST be opened during the tax year for which any contributions are made, so this would not be possible with a SE 401K. It has been a long time since I used a SEP IRA, so I don't know whether what you are attempting is possible.
by LeeMKE
Wed Apr 19, 2017 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: Accidently contributed into SEP vs SE 401k
Replies: 8
Views: 543

Re: Accidently contributed into SEP vs SE 401k

We have a SE 401K at Fidelity and they require a check be sent in. Probably since the company bank account is not at Fidelity may be the reason. I do fill out the form each year to send with the deposit.
by LeeMKE
Tue Apr 18, 2017 10:10 pm
Forum: Local Chapters and Bogleheads Community
Topic: Wisconsin - Milwaukee meetings - Master Thread
Replies: 11
Views: 2797

Re: Wisconsin - Milwaukee meetings - Master Thread

Put us on your calendar! The next meeting is Tuesday May 2 Noon Bollywood Grill 1038 N Jackson St Milwaukee WI 53202 Bring $14 for the most excellent Indian Buffet lunch. Bring an internet device (laptop, tablet, smartphone) to follow along with the presentation. Our presentation topic is: "Wha...
by LeeMKE
Tue Apr 18, 2017 7:15 pm
Forum: Investing - Help with Personal Investments
Topic: CDs best option to park cash locally?
Replies: 4
Views: 554

Re: CDs best option to park cash locally?

+1 kjvmartin

KISS is a good mantra.
by LeeMKE
Tue Apr 18, 2017 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: Help with 1st time investing in 401k
Replies: 7
Views: 439

Re: Help with 1st time investing in 401k

+1 rantk81

Starting out, getting the money out of your paycheck and into a retirement shelter is the #1 priority. The cheapest index fund will do the most for you.

Once you get comfortable, you can get fancy with the recommendations from Paul (pkcrafter).

KISS is a good mantra as you start out.
by LeeMKE
Sat Apr 08, 2017 9:06 am
Forum: Personal Finance (Not Investing)
Topic: How does one determine their "number" and what exactly does it mean?
Replies: 92
Views: 7188

Re: How does one determine their "number" and what exactly does it mean?

+1 Simple is good for most people. And these numbers are pretty shy of what I'd want to have saved, but if you are behind, these numbers will give you hope to help you get started. The first step. . . But we Bogleheads tend to relish getting down and dirty with the particulars of our own situation a...
by LeeMKE
Fri Apr 07, 2017 11:56 am
Forum: Personal Finance (Not Investing)
Topic: How does one determine their "number" and what exactly does it mean?
Replies: 92
Views: 7188

Re: How does one determine their "number" and what exactly does it mean?

SS is a whole other issue, and there's a thread currently ongoing about it as it relates to Millennials, of which I am one. Personally, I'm planning on 'retiring' a solid decade before I reach full SS age and am not expecting 100% of my 'promised' benefits either, so I'm not directly incorporating ...
by LeeMKE
Fri Apr 07, 2017 9:35 am
Forum: Personal Finance (Not Investing)
Topic: How does one determine their "number" and what exactly does it mean?
Replies: 92
Views: 7188

Re: How does one determine their "number" and what exactly does it mean?

Is there a catalog or range or something for these "numbers". I mean what do I get if someone's "number" is ____? You can't tell much from most people's "number." Some have larger pensions or other income streams, and some have lower or higher expenses. But it isn't so...
by LeeMKE
Thu Apr 06, 2017 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Secretly entered two comma club
Replies: 44
Views: 7004

Re: Secretly entered two comma club

Congratulations on reaching this milestone! Secrecy might not be a bad thing. Fidelity tried to warn me about the "millionaire" disease as we approached $1 million. I didn't think it would affect us. But when I shared with DH this milestone, he got a case of affluenza that worried me a bit...
by LeeMKE
Thu Apr 06, 2017 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: How does one determine their "number" and what exactly does it mean?
Replies: 92
Views: 7188

Re: How does one determine their "number" and what exactly does it mean?

I just finished reading Jim Otar''s book, Unveiling The Retirement Myth. It is a highly recommended book, and I found it very worthwhile. He had an interesting chapter about reaching "your number." Once you reach "your number" you can take any reasonable withdrawal strategy and b...
by LeeMKE
Wed Apr 05, 2017 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Management in preparation for retirement
Replies: 29
Views: 1894

Re: Tax Management in preparation for retirement

25 posts and no one has mentioned I-ORP? :oops: I am using I-ORP to guide me on IRA to ROTH conversions to moderate taxes. While Medicare is not the focus of that spreadsheet, managing taxes is. And it will cost you nothing or a donation of your choosing. You'll get a table that shows total income a...

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