Search found 1514 matches

by LeeMKE
Mon Jun 19, 2017 11:49 pm
Forum: Personal Finance (Not Investing)
Topic: Re-balance Utility
Replies: 14
Views: 1251

Re: Re-balance Utility

I love trying out new tools. Unfortunately, my version of Excel won't run the ActiveX code in the spreadsheet, so I'm out of luck (Excel for Mac 2011)

Looks interesting. I just can't get it to run my data.
by LeeMKE
Sun Jun 18, 2017 11:14 pm
Forum: Investing - Help with Personal Investments
Topic: Helping my parents with their retirement
Replies: 22
Views: 2939

Re: Helping my parents with their retirement

I would suggest you start a new thread, with ALL the information requested for this type of post. Many will not read through all the intermediate posts to get enough information to provide you the help sought, and others may jump right in without the complete picture because they won't read all the ...
by LeeMKE
Fri Jun 16, 2017 8:14 pm
Forum: Investing - Help with Personal Investments
Topic: Drawdown during retirement
Replies: 15
Views: 1993

Re: Drawdown during retirement

David Jay wrote: For spouses, the normal suggestion is for the higher earning spouse to delay until age 70 because it is the higher benefit that will become the survivor's benefit for either surviving spouse. Think of it as longevity insurance for the surviving spouse. To minimize tax rate after RM...
by LeeMKE
Wed Jun 14, 2017 9:10 pm
Forum: Investing - Help with Personal Investments
Topic: Drawdown during retirement
Replies: 15
Views: 1993

Re: Drawdown during retirement

+1 chuckb84

I-ORP will be a big help to you.
by LeeMKE
Mon Jun 12, 2017 8:59 pm
Forum: Investing - Help with Personal Investments
Topic: Should equals take SS at FRA or Early to preserve portfolio?
Replies: 30
Views: 2548

Re: Should equals take SS at FRA or Early to preserve portfolio?

To answer the question of whether to draw down your portfolio or take SS early, run your situation on I-ORP http://www.I-ORP.com Be sure to select the LONG FORM (link at the bottom of the home page). Allow the tool to calculate conversion to ROTH for you (assuming you have some assets in an IRA or 4...
by LeeMKE
Mon Jun 12, 2017 6:47 pm
Forum: Investing - Theory, News & General
Topic: [Book: Living off Your Money, by M. McClung (Prime Harvesting)]
Replies: 370
Views: 49633

Re: [Book: Living off Your Money, by M. McClung (Prime Harvesting)]

I want to have a variable WD rate to buffer both of those too much/too little spending rates, including a longevity factor, expecting to both adapt and to spend down the retirement assets. Me too. McClung's approach calls for an annual adjustment for your withdrawals, so it will avoid this "Me...
by LeeMKE
Sun Jun 11, 2017 9:49 am
Forum: Investing - Theory, News & General
Topic: Troublesome and questionable change in I-ORP Social Security Calculations
Replies: 16
Views: 1254

Re: Troublesome and questionable change in I-ORP Social Security Calculations

LeeMKE wrote: I side with the author (of I-Orp) on the issue of Social Security. Of the two options, I'd rather my calculations for that item are conservative and based on current fact, rather than presume somebody somewhere will implement a rescue. Heck, this problem has been known for going on 50...
by LeeMKE
Sun Jun 11, 2017 9:20 am
Forum: Investing - Theory, News & General
Topic: Troublesome and questionable change in I-ORP Social Security Calculations
Replies: 16
Views: 1254

Re: Troublesome and questionable change in I-ORP Social Security Calculations

I side with the author (of I-Orp) on the issue of Social Security. Of the two options, I'd rather my calculations for that item are conservative and based on current fact, rather than presume somebody somewhere will implement a rescue. Heck, this problem has been known for going on 50 years, and not...
by LeeMKE
Sat Jun 10, 2017 2:37 pm
Forum: Investing - Theory, News & General
Topic: Retirees: What are you doing about withdrawing?
Replies: 31
Views: 4106

Re: Retirees: What are you doing about withdrawing?

We have one (or two) more years of contributions to the portfolio and then are launching into withdrawals. I setup a study program for myself to tune up our strategy in retirement. From my ISP: REBALANCING In 2017 we will rebalance in June and December. At retirement, we will switch to rebalancing a...
by LeeMKE
Sat Jun 10, 2017 1:39 pm
Forum: Investing - Theory, News & General
Topic: Troublesome and questionable change in I-ORP Social Security Calculations
Replies: 16
Views: 1254

Re: Troublesome and questionable change in I-ORP Social Security Calculations

"05/01/2017: Social Security OASI Depletion in 2035 The Social Security and Medicare Boards of Trustees estimates that Social Security's Old Age and Survivors Insurance (OASI) Trust Fund has a projected reserve depletion date of 2035. At that time, OASI income would be sufficient to pay 77 per...
by LeeMKE
Sat Jun 10, 2017 1:25 pm
Forum: Investing - Theory, News & General
Topic: [Book: Living off Your Money, by M. McClung (Prime Harvesting)]
Replies: 370
Views: 49633

Re: [Book: Living off Your Money, by M. McClung (Prime Harvesting)]

I bought the hardcopy of Living Off Your Money and marked it up a good deal. Unlike most finance books I buy, this one will stay on our shelf. I'd recommend it for people planning the shift from accumulation to withdrawals. It is well organized and includes compelling research that all these pages o...
by LeeMKE
Thu Jun 08, 2017 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Retiree Portfolio Model
Replies: 316
Views: 116779

Re: Retiree Portfolio Model

The model requires the user to keep the taxable account balance positive (if not using auto withdrawals) so review what is going into Taxable to make sure it's adequate to cover expenses, taxes and other withdrawals. Yup! That fixed my problem. I never found the"General Settings: Use auto with...
by LeeMKE
Thu Jun 08, 2017 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Retiree Portfolio Model
Replies: 316
Views: 116779

Re: Retiree Portfolio Model

I'm unable to find the source of my error. In setup, no matter what value I enter, the Ending Balances for Taxable is a negative number (up to -$500,000, but never less than -$450,000) Setup / 2. Portfolio Balances / Taxable I've compared my entries with the original file, but don't find where I wen...
by LeeMKE
Sun Jun 04, 2017 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Do I need umbrella insurance?
Replies: 17
Views: 1854

Re: Do I need umbrella insurance?

+1 Daryl
by LeeMKE
Sun Jun 04, 2017 1:45 am
Forum: Personal Finance (Not Investing)
Topic: Do I need umbrella insurance?
Replies: 17
Views: 1854

Re: Do I need umbrella insurance?

Teenagers who drive are rolling lawsuit traps.

Definitely have umbrella coverage until they are out on their own.
by LeeMKE
Sun Jun 04, 2017 1:40 am
Forum: Personal Finance (Not Investing)
Topic: When to take Social Security, SSAnalyze, and the TVM?
Replies: 16
Views: 1809

Re: When to take Social Security, SSAnalyze, and the TVM?

Try the Long Form tool at http://www.I-ORP.com It does exactly this calculation. Whether to take SS early or late, when you will otherwise draw from savings while waiting for SS. I was planning a very different scenario based on the SS analyzers I tried, but the heavy withdrawals gave me pause, so I...
by LeeMKE
Sun Jun 04, 2017 1:08 am
Forum: Personal Finance (Not Investing)
Topic: What Will Home Care Cost?
Replies: 25
Views: 2382

Re: What Will Home Care Cost?

I was laid up when I broke my leg last year. We needed someone to be with me 7 AM to 3 PM each day. Agency support in my area was over $25/hour. Agencies are ideal when the patient is living alone and any and all absences of the staff MUST be covered. I didn't need several shifts of help, and I was ...
by LeeMKE
Sat Jun 03, 2017 10:57 am
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Approaches (forced) - review my situation?
Replies: 29
Views: 4881

Re: Early Retirement Approaches (forced) - review my situation?

I-Orp.com You might benefit from this tool. The LONG FORM will help with figuring out whether/when/how much to convert to ROTH. It may also provide some illumination on your taxable holdings. Your options are several, and you have the luxury of simply optimizing, rather than being dependent on doing...
by LeeMKE
Fri Jun 02, 2017 11:40 am
Forum: Investing - Theory, News & General
Topic: How do you fight the urge to micromanage?
Replies: 57
Views: 4147

Re: How do you fight the urge to micromanage?

So feel free to micromanage the account but understand that you are actively reducing your return by doing so. You would be far better off to change your password to a series of unrelated characters written on a paper, then burning the paper. I'm Lee and I'm addicted to tinkering. I have learned to...
by LeeMKE
Fri Jun 02, 2017 11:18 am
Forum: Investing - Help with Personal Investments
Topic: Ex Employer Large Stock Position and Tax Implications
Replies: 10
Views: 821

Re: Ex Employer Large Stock Position and Tax Implications

+1 all

Sell high. Don't have too much wealth concentrated in a single stock.
by LeeMKE
Wed May 31, 2017 3:55 pm
Forum: Investing - Help with Personal Investments
Topic: 401 k Funds
Replies: 9
Views: 474

Re: 401 k Funds

1.) Are there any funds in the list below (other than top 3 in terms of expenses) where it would be justified to pay extra expenses? No. 2.) Off the list below there are a few funds which morning star rates as either 4/5 star funds or Gold. Eg: Dodge & Cox Stock Fund, Columbia Contrarian Fund, ...
by LeeMKE
Tue May 30, 2017 10:13 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Approaches (forced) - review my situation?
Replies: 29
Views: 4881

Re: Early Retirement Approaches (forced) - review my situation?

I'm looking but not finding anything you've overlooked or miscalculated. Good work!
by LeeMKE
Fri May 26, 2017 11:42 pm
Forum: Investing - Help with Personal Investments
Topic: Pay Down 401k Loan vs Mega Backdoor Roth
Replies: 13
Views: 1290

Re: Pay Down 401k Loan vs Mega Backdoor Roth

401K loans are immediately due and payable upon lots of things out of your control:
loss of job,
change of 401K offering by employer, etc.

I'd pay off the 401K loan and not mess around with that source of funds.
by LeeMKE
Fri May 26, 2017 11:30 pm
Forum: Investing - Help with Personal Investments
Topic: What happens after you max out your Roth IRA Limit?
Replies: 6
Views: 1247

Re: What happens after you max out your Roth IRA Limit?

So, if I understand this correctly, the 403b and the Solo 401K are basically the same thing. If so I would prefer the Solo 401K over the other because I do not know how long I'll be teaching there etc. Also, I'll always be filing a schedule C. I would also prefer to stay with Vanguard. Sorta but no...
by LeeMKE
Wed May 24, 2017 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: Sanity check on home purchase numbers
Replies: 6
Views: 1078

Re: Sanity check on home purchase numbers

I used to do this for a living. Your numbers and rational look good to me. Good balance of risk all the way around: enough equity, but not draining your cash. two incomes to buffer the risk of a job loss or disability. old enough to know what you are getting into, young enough to have time to pay th...
by LeeMKE
Wed May 24, 2017 10:18 pm
Forum: Investing - Theory, News & General
Topic: Is rebalacing only about risk?
Replies: 66
Views: 4314

Re: Is rebalacing only about risk?

All good comments, but I have a different reason to rebalance: To help you stay the course. Like an ex-smoker might take up knitting to keep their hands busy, having something to keep me from otherwise messing around with the portfolio is worthwhile. So, at first I rebalanced every quarter. Now I'm ...
by LeeMKE
Tue May 23, 2017 8:30 pm
Forum: Investing - Help with Personal Investments
Topic: Help with asset allocation across multiple accounts
Replies: 19
Views: 1450

Re: Help with asset allocation across multiple accounts

1. How should I achieve my desired asset allocation across all of these accounts while keeping it simple? I have already read "Asset allocation in multiple accounts" in the bogleheads wiki. The information there is very helpful, but overwhelming at the same time. I can probably figure thi...
by LeeMKE
Tue May 23, 2017 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity and their "free advisor" service?
Replies: 34
Views: 3154

Re: Fidelity and their "free advisor" service?

I also have most of our accounts at Fidelity. Here is a tip to get your advisor on the same page. Take in a copy of your ISP to your meeting. 1) It covers some of the routine ground so the advisor can skip ahead to the issues of importance to you. 2) It provides written notice of your investment str...
by LeeMKE
Wed May 17, 2017 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: ROTH Conversion Goal
Replies: 13
Views: 835

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: 702

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: 957

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: 1797

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: 36
Views: 2878

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: 40
Views: 5465

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: 36
Views: 2878

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: 36
Views: 2878

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: 36
Views: 2878

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: 36
Views: 2878

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: 36
Views: 2878

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: 36
Views: 2878

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: 36
Views: 2878

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: 814

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: 36
Views: 2878

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: 156

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: 684

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: 1260

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: 1414

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: 1007

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: 1993

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: 339

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.

Go to advanced search