Search found 1436 matches

by LeeMKE
Wed Mar 29, 2017 11:23 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conv 15% bracket for 3yrs
Replies: 5
Views: 367

Re: Roth Conv 15% bracket for 3yrs

I'm also converting IRA to ROTH. I open a new account and make the largest conversion I can imagine being able to use, early in the year. The reason I do it this way: one year, when I converted later in the year, the market dropped. So, I would have paid taxes to convert investments that had evapora...
by LeeMKE
Sun Mar 26, 2017 3:26 pm
Forum: Investing - Theory, News & General
Topic: CD Ladder at Fidelity - Why is purchase still pending?
Replies: 5
Views: 668

Re: CD Ladder at Fidelity - Why is purchase still pending?

So that brings up a few more questions... Please excuse my ignorance when it comes to CD purchasing. 1. I'm assuming that the reasons these issue dates are in the future has to do with Fidelity's ladder building tool trying to find cds that match my target dates, and these being the "closest&q...
by LeeMKE
Sun Mar 26, 2017 3:12 pm
Forum: Investing - Theory, News & General
Topic: Tax Strategies for Lowering Tax Bracket & Increasing Retirement
Replies: 5
Views: 1027

Re: Tax Strategies for Lowering Tax Bracket & Increasing Retirement

+1 aristotelian Buy Turbotax now, and run your 2016 taxes to compare with whatever you filed. This will give you some practice and confidence in the software. Then run your projections for 2017 through Turbotax (the issues you are asking about hopefully aren't going to change between now and the end...
by LeeMKE
Sun Mar 26, 2017 2:58 pm
Forum: Investing - Theory, News & General
Topic: Sitting down with Fidelity advisor next week
Replies: 14
Views: 1828

Re: Sitting down with Fidelity advisor next week

I occasionally go into the Fidelity office and have them run through my entries in the Retirement Income Planner (RIP) as a double check to be sure I'm not doing something wrong. Each time, they've found something to tweak. Some were big errors (like when I added an income stream for the LTC insuran...
by LeeMKE
Sun Mar 26, 2017 2:30 pm
Forum: Investing - Theory, News & General
Topic: What's your strategy for withdrawing funds in Retirement ?
Replies: 57
Views: 5697

Re: What's your strategy for withdrawing funds in Retirement ?

We have just started draw downs and will be seriously withdrawing when DH retires within 2 years. Like many, we have just a small pension that is not COLA'd, and expect to have Social Security payments. Our portfolio from savings is the majority of our retirement funding and will be sufficient so lo...
by LeeMKE
Sat Mar 25, 2017 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: 3 fund portfolio vs. all-in-one fund
Replies: 34
Views: 3550

Re: 3 fund portfolio vs. all-in-one fund

KISS I'd just use the S&P 500 for your US stock allocation, pick an intl stock fund, and a bond fund. While you are both working and raising a family, you have better things to do than manage minutiae. Some of us are mesmerized by fussing with our accounts, you don't need to join that. I also ha...
by LeeMKE
Sat Mar 25, 2017 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: is now the right time to start a roth
Replies: 9
Views: 733

Re: is now the right time to start a roth

So long as you will hold the ROTH for at least 5 years, it is the best place to sock away some money. Tax free rise in value (dividends and/or market price rise) can't be beat. Many Bogleheads put ROTH as their emergency fund as soon as it ages to 5 years.
by LeeMKE
Sat Mar 25, 2017 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Debt vs. Investing
Replies: 15
Views: 1225

Re: Debt vs. Investing

+1 orca91 Fill the 401K to qualify for all the employer match. Consider selling the rental property. The $300/mo is not enough to fund a sinking fund for future repairs/replacement IMHO. One serious repair and the rest of your plan falls apart. Sell it and put that equity and the monthly payment to ...
by LeeMKE
Sat Mar 25, 2017 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Debt vs. Investing
Replies: 15
Views: 1225

Re: Debt vs. Investing

+1 orca91 Fill the 401K to qualify for all the employer match. Consider selling the rental property. The $300/mo is not enough to fund a sinking fund for future repairs/replacement IMHO. One serious repair and the rest of your plan falls apart. Sell it and put that equity and the monthly payment to ...
by LeeMKE
Thu Mar 23, 2017 7:04 pm
Forum: Investing - Help with Personal Investments
Topic: Short time to retirement questions, thinking about bogle philosophy in light of our short time frame
Replies: 10
Views: 817

Re: Short time to retirement questions, thinking about bogle philosophy in light of our short time frame

Correct, it used to be thought that DCA was a better choice, but research showed that all in at once yields better results with less effort. I came to Bogleheads when approaching retirement and looking for a way to simplify my approach so that someone else could help or take over if I became unable ...
by LeeMKE
Wed Mar 22, 2017 8:32 pm
Forum: Investing - Theory, News & General
Topic: How to intelligently choose AA - Montecarlo?
Replies: 30
Views: 2423

Re: How to intelligently choose AA - Montecarlo?

Sequence of Returns

Read about this topic as it answers your questions about why a glide path is used in some cases.
by LeeMKE
Tue Mar 21, 2017 10:31 pm
Forum: Investing - Help with Personal Investments
Topic: Online Retirement Planner Tools
Replies: 10
Views: 1271

Re: Online Retirement Planner Tools

I like trying out calculators. My favorite two are on the OP shortlist: Fidelity: Good place to start, keeps current account balances updated. Free. My first retirement calculator was Quicken, and Fidelity was a nice calculator to graduate to -- stronger and better tools and what ifs. I-ORP: This to...
by LeeMKE
Tue Mar 21, 2017 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: Can I minimize the Tax Torpedo and future Medicare costs?
Replies: 27
Views: 2178

Re: Can I minimize the Tax Torpedo and future Medicare costs?

Be aware that "The Hump" occurs much later, than age 72. I'm not sure this spreadsheet will help you with that. In my case, it generated taxes at 35% for 5 years on $351k of w/d from IRA. That is what I'm using I-ORP to solve for.
by LeeMKE
Mon Mar 20, 2017 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: I thought I knew my desired AA
Replies: 76
Views: 3256

Re: I thought I knew my desired AA

If you stood pat in 2008-09, your asset allocation is good where it is. You have a mixed bag of dates for withdrawal, but all more than 10 years out. I'd urge you to avoid throttling down to more conservative AA unless you are getting worried. I noticed that I would get worried as the balance in my ...
by LeeMKE
Mon Mar 20, 2017 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Starting a Roth IRA - Questions
Replies: 15
Views: 739

Re: Starting a Roth IRA - Questions

In addition to the ROTH account, do you have a 401K available at work? That would be the next opportunity to investigate. The more money you can sock away now, the lower the draw you need to make for the rest of your career to fund retirement. At least 15% of gross income saved for retirement is a r...
by LeeMKE
Mon Mar 20, 2017 12:57 pm
Forum: Investing - Theory, News & General
Topic: How much cash to withdraw when retiring
Replies: 13
Views: 1584

Re: How much cash to withdraw when retiring

I would also recommend that you run an analysis for them through http://www.i-ORP.com This free tool tweaked our analysis of how much to convert to ROTH, and it is making a big difference in our tax picture throughout retirement. It estimates taxes, and is probably less detailed than running multipl...
by LeeMKE
Mon Mar 20, 2017 12:12 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Fund Selection Help
Replies: 12
Views: 412

Re: 401k Fund Selection Help

Been there done that. I always thought I'd die about age 27. I have no idea where that idea came from, but I harbored it for decades. However, I never used that as an excuse not to plan for retirement. Hunches, intuition and guesses are fine for card games, but better to be prepared in case that doe...
by LeeMKE
Mon Mar 20, 2017 11:30 am
Forum: Investing - Help with Personal Investments
Topic: 401k Fund Selection Help
Replies: 12
Views: 412

Re: 401k Fund Selection Help

Yup. You do what you can do and watch for any opportunity to move the needle farther along. If you can get spending under control so credit cards are not used as loans, and a second income is coming soon, you'll be able to catch up in a few years. Raises can be a good way to snag cash for the catch ...
by LeeMKE
Mon Mar 20, 2017 10:52 am
Forum: Investing - Help with Personal Investments
Topic: 401k Fund Selection Help
Replies: 12
Views: 412

Re: 401k Fund Selection Help

The only reason to allocate some to bonds at this stage is to have a pot ready to buy stocks if/when there is a downturn. However, just starting out, and with the barrier of a likely time lag to reallocate within a 401k (only sometimes set up in a manner that is easy to manage) I'd recommend getting...
by LeeMKE
Mon Mar 20, 2017 12:06 am
Forum: Investing - Help with Personal Investments
Topic: 401k Fund Selection Help
Replies: 12
Views: 412

Re: 401k Fund Selection Help

Hilarious: bewareofduck getting advice from Duckie +1 Duckie. Since she is starting out, I'd choose the lowest cost index fund and not split up the contributions for the time being. The 500 Index fund at .03 would be my choice. Then take some time to read about asset allocation. Be ready to split th...
by LeeMKE
Sun Mar 19, 2017 11:32 pm
Forum: Investing - Help with Personal Investments
Topic: Planning if you don't care to leave an estate....
Replies: 32
Views: 2604

Re: Planning if you don't care to leave an estate....

I've set up a Charitable Trust at Fidelity and named it as beneficiary of the accounts I expect to draw from last. In the event that I'm unsuccessful in spending down to zero at the moment of death, the remainder will go to the trust, and a couple friends will decide which charities to send the mone...
by LeeMKE
Sun Mar 19, 2017 11:13 pm
Forum: Investing - Help with Personal Investments
Topic: Can I minimize the Tax Torpedo and future Medicare costs?
Replies: 27
Views: 2178

Re: Can I minimize the Tax Torpedo and future Medicare costs?

I would suggest the I-ORP.com modeling to see how much sense conversions now will make for you. That model works on the taxation of Social Security (the hump - google on this site for it) and it is set up to evaluate all your moving parts. I don't think it solves for the Medicare issue.

Good luck!
by LeeMKE
Sat Mar 18, 2017 8:30 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Investing Options for Small Business Owner
Replies: 5
Views: 219

Re: Retirement Investing Options for Small Business Owner

+1 harvest brook

Since the Solo 401K is out, I'd focus on debt reduction. It's the best you can do in this situation without raising your fixed expenses.
by LeeMKE
Fri Mar 17, 2017 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: How long to keep previous years Income tax returns????
Replies: 63
Views: 5328

Re: How long to keep previous years Income tax returns????

Remember to make a PDF version of your tax return from your tax software for storage. Years from now, the proprietary file format won't be readable, so that file "xxxxx.tax2015" file might be useless. Besides, it contains information someone could use to file a new tax return on your behal...
by LeeMKE
Fri Mar 17, 2017 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Relocation to Milwaukee
Replies: 38
Views: 2671

Re: Relocation to Milwaukee

Milwaukee has it's own Bogleheads chapter. What more could you want?

Next meeting is Tuesday May 2 at noon. Join us!
We meet at Bollywood Grille,1038 N Jackson St, Milwaukee, WI 53202
by LeeMKE
Fri Mar 17, 2017 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Roth and Marriage ?
Replies: 12
Views: 1472

Re: Roth and Marriage ?

The pre-marital stock cannot be contributed to any ROTH account and maintain it's status as separate pre-marital property. Contributions to tIRA or ROTH are allowed based on current earnings that year. All current earnings are community property. So, if you sell separate property, and then use the p...
by LeeMKE
Fri Mar 17, 2017 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: How long to keep previous years Income tax returns????
Replies: 63
Views: 5328

Re: How long to keep previous years Income tax returns????

Small business owners have reams of backup tax information. I keep the tax returns, but shred the backup data after 3 years. Here's how my CPA from 20+ years ago expressed it: Up to three years, the burden of proof is on you to prove your deductions/expenses. After three years, the burden of proof i...
by LeeMKE
Fri Mar 17, 2017 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Health care costs in retirement calculator
Replies: 3
Views: 483

Re: Health care costs in retirement calculator

I'm in the early years of retirement. These numbers are a bit light from my experience. We don't have big Rx expenses, and have a few issues, but nothing expensive. We are spending another 30% above these figures for insurance and expenses we pay. I would use these as baseline estimates, not generou...
by LeeMKE
Tue Mar 14, 2017 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card accounts (leave open or close?)
Replies: 33
Views: 3151

Re: Credit Card accounts (leave open or close?)

I took up travel hacking and have about 20 CC between myself and DH. I watch our FICO score.

I keep our oldest cards for FICO purposes, but I never use them. And none of these 3 have been cancelled over the last 4 years I've had them in mothballs.
by LeeMKE
Tue Mar 14, 2017 9:56 pm
Forum: Investing - Theory, News & General
Topic: How to intelligently choose AA - Montecarlo?
Replies: 30
Views: 2423

Re: How to intelligently choose AA - Montecarlo?

I'll throw out another view of setting Asset Allocation: Staying the Course is more important than almost any AA. So, the AA should be set where it supports your ability to keep your hands off during turmoil in the markets. As the balance in your portfolio rises, many people get MORE worried rather ...
by LeeMKE
Sat Mar 11, 2017 1:02 am
Forum: Personal Finance (Not Investing)
Topic: Fincancial checklist for becoming a landlord in the future
Replies: 35
Views: 2309

Re: Fincancial checklist for becoming a landlord in the future

http://www.Nolo.com Landlord Tenant books from these guys are the best. Everything from how to rent, what you can ask prospective tenants, and what you can deduct are included. Don't move forward without these in your library. Pets and Children Here's what I did: Require ALL tenants to come for an ...
by LeeMKE
Sat Mar 11, 2017 12:41 am
Forum: Personal Finance (Not Investing)
Topic: Emergency fund for business - best practice?
Replies: 10
Views: 591

Re: Emergency fund for business - best practice?

Here's what I did: Took all the expenses that are paid intermittently (insurance, etc.) and added 2 years of these expenses together. Take all other fixed expenses (rent, salaries (unless just you and your partner, then each of you cover your own salary risk in your personal emergency fund), phones,...
by LeeMKE
Sat Mar 11, 2017 12:24 am
Forum: Personal Finance (Not Investing)
Topic: To Convert or Not... what do you think?
Replies: 19
Views: 1835

Re: To Convert or Not... what do you think?

I found I-ORP illuminating in our case, and it spurred me to add another 30% to our tIRA to Roth conversions before age 70. However, I donated $30 to I-Orp and then asked him to check my entries that I was not positive I'd done correctly. He did, and corrected my errors, and confirmed I had the righ...
by LeeMKE
Wed Mar 08, 2017 4:22 pm
Forum: Investing - Help with Personal Investments
Topic: how often do you shrug at your IPS? [Investment policy statement]
Replies: 50
Views: 3695

Re: how often do you shrug at your IPS?

I regularly update our IPS. And it is used as guidance, not mandate. My purpose is 1) to leave breadcrumbs as to why I'm doing what I'm doing, and 2) give myself a point of reference if/when I start considering back sliding or otherwise being attracted to bright shiny investments I shouldn't be cons...
by LeeMKE
Wed Mar 01, 2017 8:41 pm
Forum: Investing - Theory, News & General
Topic: How should people factor Social Security into their "magic number" with early retirement?
Replies: 76
Views: 5893

Re: How should people factor Social Security into their "magic number" with early retirement?

FWIW, Here's what I did in my 30's: I decided to leave out Social Security Payments in my portfolio planning for two reasons. First, the common thought was that Social Security would change before I got close to using it, and that was a wild card I had no reasonable way to project. Second, I was alr...
by LeeMKE
Wed Mar 01, 2017 8:12 pm
Forum: Local Chapters and Bogleheads Community
Topic: Bogleheads Local Chapters: Now in the Bogleheads Blog!
Replies: 12
Views: 1506

Re: Bogleheads Local Chapters: Now in the Bogleheads Blog!

Looks good to me! Milwaukee chapter is all correct and current. Going forward, what would the Blog admins like from those of us managing a local chapter? I post our meetings in three places (Google Group Page, Facebook and under our master thread on Bogleheads.) Should I add the blog to the list? If...
by LeeMKE
Wed Feb 22, 2017 11:47 pm
Forum: Investing - Help with Personal Investments
Topic: Report all Roth contributions?
Replies: 8
Views: 812

Re: Report all Roth contributions?

Well, here's what happened in TurboTax: I ignored the question about all previous contributions and just continued on with my tax return. My 1040 now shows an IRA distribution $xxxx (line 15a) and taxable amount $0 (line 15b) The software has not yet asked again, no errors are showing, and a form 86...
by LeeMKE
Wed Feb 22, 2017 2:36 am
Forum: Investing - Help with Personal Investments
Topic: "High conviction investing"
Replies: 26
Views: 1447

Re: "High conviction investing"

"Why invest in average?" Because the difference in cost puts "just average" waaaay ahead of the returns for investors who paid higher fees for management, even when their managers do better than the market average. I was waiting for the guy to take off his shirt in that commercia...
by LeeMKE
Wed Feb 22, 2017 2:27 am
Forum: Investing - Help with Personal Investments
Topic: Another advice thread
Replies: 3
Views: 408

Re: Another advice thread

+1 anoop Once you get things organized and reinvested, I'd second the tax advice for future savings. There may be more you can do to shelter some funds, and I didn't read anything about college expenses, so that will be another box for you to check off. Sounds like you are a medical professional, so...
by LeeMKE
Wed Feb 22, 2017 2:03 am
Forum: Investing - Help with Personal Investments
Topic: Report all Roth contributions?
Replies: 8
Views: 812

Re: Report all Roth contributions?

Thanks! Yes, I have a tally of the conversions I've kept in several places, knowing I'd need it at some point. I just never thought of keeping the original contributions, which after many years and several brokerages are a bit of a problem to dig up. And I thought this year our tax returns would be ...
by LeeMKE
Wed Feb 22, 2017 1:41 am
Forum: Investing - Help with Personal Investments
Topic: Report all Roth contributions?
Replies: 8
Views: 812

Re: Report all Roth contributions?

Nuts. Looks like I have to dig out all the previous accounts that were ROTH and start looking for the contributions. Unfortunately I don't think I maxed out the contributions because some years I wasn't eligible to contribute.

Good grief. At least I just have to do this once.
by LeeMKE
Wed Feb 22, 2017 1:26 am
Forum: Investing - Help with Personal Investments
Topic: Report all Roth contributions?
Replies: 8
Views: 812

Report all Roth contributions?

This may be a stupid question. I made my first withdrawal from a Roth account last year. I'm doing my taxes now. Enter Prior Year Roth IRA Contributions Really? I didn't anticipate having to report all prior year contributions (before earnings, losses or conversions from tIRA) so I don't have this d...
by LeeMKE
Mon Feb 20, 2017 1:29 pm
Forum: Local Chapters and Bogleheads Community
Topic: Wisconsin - Milwaukee meetings - Master Thread
Replies: 10
Views: 2445

Re: Wisconsin - Milwaukee meetings - Master Thread

March 7, 2017 Tuesday noon Milwaukee Bogleheads Meeting Bollywood Grille 1038 N Jackson St, Milwaukee, WI 53202 Phone: (414) 271-8200 PLEASE BRING AN INTERNET ENABLED DEVICE TO FOLLOW ALONG DURING THE PRESENTATION (iPad, Tablet, Laptop, SmartPhone) Agenda Noon - 12:30 Introductions, announcements an...
by LeeMKE
Thu Feb 16, 2017 11:18 pm
Forum: Investing - Help with Personal Investments
Topic: 70/30
Replies: 14
Views: 1777

Re: 70/30

I like CDs. It may be just psychological, but I have no problem with a CD ladder, knowing I am committed to that yield until maturity. But I don't like checking my balance and seeing bonds dropping in value as interest rates rise.
by LeeMKE
Wed Feb 15, 2017 8:48 pm
Forum: Investing - Help with Personal Investments
Topic: Technology is underweight from US Total Mkt Index?
Replies: 4
Views: 224

Re: Technology is underweight from US Total Mkt Index?

Yup. Clicked a little farther, and indeed, Intl Index is seriously tilted toward the financial sector. Well, at least I'm not heavy in Goldman, Chase and Lehman (are they still around?).
by LeeMKE
Wed Feb 15, 2017 8:37 pm
Forum: Investing - Help with Personal Investments
Topic: Technology is underweight from US Total Mkt Index?
Replies: 4
Views: 224

Technology is underweight from US Total Mkt Index?

I have a Boglehead portfolio with 40% of stocks in international. Today I get a message from Fidelity: Your current stock sector allocation in these accounts is different than the market. Underweight in Technology -6% We looked at your identifiable stock holdings to see how their distribution across...

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