Search found 334 matches

by One Ping
Wed Apr 18, 2018 9:56 am
Forum: Investing - Help with Personal Investments
Topic: I want to pay off my mortgage. Am I crazy?
Replies: 54
Views: 4513

Re: I want to pay off my mortgage. Am I crazy?

bloom2708 wrote:
Wed Apr 18, 2018 8:56 am
It makes no sense to pay off a mortgage, except it is a wonderful event. Check the box. Cross if off your bucket list. Get rid of the hassle.

Pay it off.

Re-visit 1 year later. If you miss it, then get a new mortgage.
:D :beer
by One Ping
Tue Apr 10, 2018 3:48 pm
Forum: Investing - Theory, News & General
Topic: "Don't Use the 200-Day Moving Average as a Sell Signal" - Ben Carlson
Replies: 35
Views: 2382

Re: "Don't Use the 200-Day Moving Average as a Sell Signal" - Ben Carlson

willthrill81 wrote:
Tue Apr 10, 2018 3:36 pm
Trend following is much more about avoiding downside risk than increasing returns.
I have a friend who uses trend following and this is exactly why he uses it.
by One Ping
Wed Apr 04, 2018 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Question [spousal benefit]
Replies: 24
Views: 1126

Re: Social Security Question [spousal benefit]

FYI - Vested1's caveat in blue above is essentially the same as saying "those who's FRA is 67 or greater" cannot file a restricted application. When you look at the FRA vs. birthdate chart on the SS website, 1954 is when the FRA changes from 66y 10mo to 67. Actually the FRA for someone born in 1954...
by One Ping
Tue Apr 03, 2018 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Question [spousal benefit]
Replies: 24
Views: 1126

Re: Social Security Question [spousal benefit]

If you were to pass before her (after 70 ) she would get your benefit at the time of your passing (survivor benefit) and lose whatever benefit she had at that time . I think the highlighted part above is true only if her benefit at the time of his passing is less than 50% of what her survivor benef...
by One Ping
Tue Apr 03, 2018 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Question [spousal benefit]
Replies: 24
Views: 1126

Re: Social Security Question [spousal benefit]

I just want to make sure that by taking the spousal benefit at age 64, prior to full retirement age, I won't reduce my own benefit at age 70. Is that the case? The rules have changed... (for those younger than age 62 on 1/2/2016) you cannot take a benefit restricted to only your spouse's earning re...
by One Ping
Tue Apr 03, 2018 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Question [spousal benefit]
Replies: 24
Views: 1126

Re: Social Security Question [spousal benefit]

If you were to pass before her (after 70 ) she would get your benefit at the time of your passing (survivor benefit) and lose whatever benefit she had at that time . I think the highlighted part above is true only if her benefit at the time of his passing is less than 50% of what her survivor benef...
by One Ping
Tue Apr 03, 2018 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Question [spousal benefit]
Replies: 24
Views: 1126

Re: Social Security Question [spousal benefit]

Sorry vested1, I was typing when you posted. :beer
by One Ping
Tue Apr 03, 2018 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Question [spousal benefit]
Replies: 24
Views: 1126

Re: Social Security Question [spousal benefit]

Ok, let me make sure I understand. She can file at 67 and get her full benefit. But if I want to delay to age 70 to get the extra 24%, then I cannot get a spousal benefit prior to age 70. When I file at age 70, then my wife's benefit will get increased to 50% of my benefit. Is all of that correct? ...
by One Ping
Mon Apr 02, 2018 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion Question
Replies: 7
Views: 421

Re: Roth Conversion Question

One thing you can do, if you don't need the RMD to live on, is to use it to make a Qualified Charitable Distribution (QCD) to a qualified charity. For amounts up to $100K the distribution from your tax-deferred IRA is not taxed.

One Ping
by One Ping
Sun Apr 01, 2018 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion
Replies: 3
Views: 366

Re: Roth Conversion

Has the retiree portfolio model in the BH wiki, specifically the roth conversion section, been updated, if necessary, for the new tax law changes? It appears it has. From the Retiree Model Portfolio thread (first post): "A new version of the Retiree Portfolio Model model is now available. This incl...
by One Ping
Sun Apr 01, 2018 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: SS Survivor Benefit Eligibility
Replies: 4
Views: 386

Re: SS Survivor Benefit Eligibility

JW-Retired wrote:
Sun Apr 01, 2018 2:56 pm
Yes, unless she had a larger benefit herself, the basic monthly amount he was receiving will be her basic amount as a survivor.
JW
Correct.
JohnFiscal wrote:
Sun Apr 01, 2018 3:02 pm
Assuming that her parents were legally married.
60+ years. :happy
by One Ping
Sun Apr 01, 2018 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: SS Survivor Benefit Eligibility
Replies: 4
Views: 386

Re: SS Survivor Benefit Eligibility

Think I may have (finally) found the answer to my question. From the POMS ( § 404.335. How do I become entitled to widow's or widower's benefits? ) "We will find you entitled to benefits as the widow or widower of a person who died fully insured if you meet the requirements in paragraphs (a) through...
by One Ping
Sun Apr 01, 2018 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: SS Survivor Benefit Eligibility
Replies: 4
Views: 386

SS Survivor Benefit Eligibility

I'm asking this question for my SIL. Her father died in February and the question is about her mother's eligibility to receive a survivor benefit. Both are/were over 70 and at least her father was receiving SS . Don't know (for sure) if her mother was receiving a SS benefit or not. I don't want to b...
by One Ping
Thu Mar 08, 2018 8:45 pm
Forum: Personal Consumer Issues
Topic: Is near FI + Employment almost as good as Retirement?
Replies: 39
Views: 4358

Re: Is near FI + Employment almost as good as Retirement?

I can only tell you my story ... I had sort of made an 'academic hobby' of retirement planning for many years. In late 2012 I had an idea that I'd probably retire in a few years. I thought over that Christmas break, just for kicks, I'd put a little finer point on the planning. The first thing I thou...
by One Ping
Tue Feb 27, 2018 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Filing Restricted SS Application - Language Check
Replies: 27
Views: 2215

Re: Filing Restricted SS Application - Language Check

Since I kicked-off this thread I thought I would provide an update on what happened ... basically nothing unusual to report! :D I applied on-line, got a confirmation in the mail a few days/weeks later (I don't remember exactly), called the agent listed on the confirmation notice to "confirm" everyth...
by One Ping
Mon Feb 26, 2018 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Paying estimated taxes for MRD
Replies: 8
Views: 703

Re: Paying estimated taxes for MRD

The default assumption is that your earnings are distributed evenly during the yr so if you pay accordingly, you should be ok.......that is pay 4 equal installments at the appropriate times. If you can arrange to pay all your fed tax via withholding (SS, pension, etc.) throughout the year you do no...
by One Ping
Fri Feb 23, 2018 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: How Do People Without Computer Access Prepare and File Their Taxes?
Replies: 53
Views: 3059

Re: How Do People Without Computer Access Prepare and File Their Taxes?

... A large number of low income seniors living primarily on SS benefits have zero refund/zero balance due because they generally don't get refundable credits, Medicare deals with their ACA coverage issues, and nontaxability of their SS due to low AGI means they often have gross income below filing...
by One Ping
Fri Feb 23, 2018 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: How Do People Without Computer Access Prepare and File Their Taxes?
Replies: 53
Views: 3059

Re: How Do People Without Computer Access Prepare and File Their Taxes?

... A large number of low income seniors living primarily on SS benefits have zero refund/zero balance due because they generally don't get refundable credits, Medicare deals with their ACA coverage issues, and nontaxability of their SS due to low AGI means they often have gross income below filing...
by One Ping
Mon Feb 19, 2018 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: I think we can swing this! ($1M retirement home)
Replies: 27
Views: 3418

Re: I think we can swing this! ($1M retirement home)

Go for it! Personally at that age I would down size to something no more than 250k, Pay Cash. No more than 2000 sq ft.(no maid service here,no desire to clean more space ) :D Agree with moving to a smaller house. I'm with you on the cleaning. The house is only ~2000 sq ft but it's very expensive (t...
by One Ping
Mon Feb 19, 2018 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: I think we can swing this! ($1M retirement home)
Replies: 27
Views: 3418

Re: I think we can swing this! ($1M retirement home)

Numbers seem thin to me. Seems you'll be house rich but not much money for travel and extras. The $110K expenses includes about $25K-$30K discretionary. It's what we've been spending since retirement (last 4 years or so) and we have not restrained ourselves from doing anything we wanted to do becau...
by One Ping
Mon Feb 19, 2018 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: I think we can swing this! ($1M retirement home)
Replies: 27
Views: 3418

Re: I think we can swing this! ($1M retirement home)

Sorry to have misunderstood your "new" home. I guess it is not spanking new. However, I have noticed a few of my (retiree) neighbors who moved into 5-10 year old "new homes" and ended up spending a fortune on "remodeling and upgrades." Based on what the OP presented, he can afford this new house an...
by One Ping
Mon Feb 19, 2018 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: I think we can swing this! ($1M retirement home)
Replies: 27
Views: 3418

Re: I think we can swing this! ($1M retirement home)

There doesn’t seem to be any problem with you affording the house. We are having trouble finding a home and location that we want to retire to, so I am envious. :happy However, you should be prepared for the likely scenario that one of you will outlive the other . So run your numbers with DW as the...
by One Ping
Mon Feb 19, 2018 11:43 am
Forum: Personal Finance (Not Investing)
Topic: I think we can swing this! ($1M retirement home)
Replies: 27
Views: 3418

Re: I think we can swing this! ($1M retirement home)

Did you incorporate additional costs associated with a newly constructed home? You will need, at a minimum: (1). New window covering that could cost many thousands depending on the number and sizes of windows and the types of window covering you choose. Not sure, but I think the window coverings st...
by One Ping
Mon Feb 19, 2018 11:29 am
Forum: Personal Finance (Not Investing)
Topic: I think we can swing this! ($1M retirement home)
Replies: 27
Views: 3418

Re: I think we can swing this! ($1M retirement home)

8foot7 wrote:
Mon Feb 19, 2018 7:10 am
Verifying distance to target...one ping only.
Looks like you're there :)
I like it! :happy
by One Ping
Mon Feb 19, 2018 12:09 am
Forum: Personal Finance (Not Investing)
Topic: I think we can swing this! ($1M retirement home)
Replies: 27
Views: 3418

Re: I think we can swing this! ($1M retirement home)

Will do, Sandtrap. Just wanted too make sure I wasn't missing anything before we pull that trigger. :beer Anybody else? Comments, criticisms ... Unless I am making a grave error and missing something huge, your expenses are 110k a year and if you both file for SS now, all your expenses are covered ...
by One Ping
Sun Feb 18, 2018 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: I think we can swing this! ($1M retirement home)
Replies: 27
Views: 3418

Re: I think we can swing this! ($1M retirement home)

Will do, Sandtrap.

Just wanted too make sure I wasn't missing anything before we pull that trigger. :beer

Anybody else? Comments, criticisms ...
by One Ping
Sun Feb 18, 2018 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: I think we can swing this! ($1M retirement home)
Replies: 27
Views: 3418

Re: I think we can swing this! ($1M retirement home)

One Ping Nice plan! However, I dont believe you can make a qcd from a 401k, only from an ira. You will have to nail the timing of roth conversions and the rollover of 401k for the purpose of the qcd. And you must be 70 1/2 to make a qcd, not allowed before 70 1/2. Ace One again, good catch Ace1. On...
by One Ping
Sun Feb 18, 2018 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: I think we can swing this! ($1M retirement home)
Replies: 27
Views: 3418

Re: I think we can swing this! ($1M retirement home)

The numbers work, go for it! Remember you will get hit with RMD’s at 70.5 that will be another ~60k/year from the tiras/401ks, may want to consider some Roth conversions between now and age 70 Thanks Strayshot. Good catch on the RMDs. I forgot to mention the tIRA ($230K) will be totally converted t...
by One Ping
Sun Feb 18, 2018 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: I think we can swing this! ($1M retirement home)
Replies: 27
Views: 3418

I think we can swing this! ($1M retirement home)

We are downsizing in a HCOL area. We have found a home that fits us perfectly that I think we can afford and wanted a sanity check. DH: 66 yo (Retired) DW: 72 yo (Retired) Home Particulars New Home Price: $1.1M Current Home Net Equity Out: ~$400K Down Payment: $700K (cash out of taxable investments)...
by One Ping
Thu Feb 15, 2018 11:36 am
Forum: Personal Finance (Not Investing)
Topic: My Over $300K Vanguard Balance Disappeared?
Replies: 62
Views: 10371

Re: My Over $300K Vanguard Balance Disappeared?

I had a similar experience yesterday afternoon (west coast time, after market closing) only with the 'cost basis' section of the website. It just sat there spinning 'forever' like it was looking for the data but not able to find it. I figured it was in the middle of an update ... but it would have b...
by One Ping
Wed Feb 14, 2018 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Obligation to use car insurance proceeds?
Replies: 22
Views: 1680

Re: Obligation to use car insurance proceeds?

Make sure that the initial repair estimate is accurate. My car got rear ended and the offending driver's insurance company sent me a check for $500 to replace the rear bumper cover. I didn't cash the check and took the car to another body shop that discovered about $6K in additional damage. It was ...
by One Ping
Wed Feb 14, 2018 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: What's the most "interesting" job in corporate finance?
Replies: 30
Views: 3447

Re: What's the most "interesting" job in corporate finance?

... In my experience, if you perform better than everyone else ... , [y]ou will become the "go to" person, you will get the juicy opportunities and if you rise to the occasion you will be successful. ... I guess I would offer the following bits of advice: ... ... Wow! Great advice, regardless of th...
by One Ping
Wed Feb 14, 2018 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Replacement for Google Finance price quote function
Replies: 69
Views: 7947

Re: Replacement for Google Finance price quote function

Halicar wrote:
Wed Feb 14, 2018 7:15 am
One Ping wrote:
Wed Feb 07, 2018 12:31 pm
Anyone have an approach that works with EXCEL?
This function is apparently being added to Excel soon.
Yes. Looking forward to it, I'm just not too sure how soon "soon" is ... :?
by One Ping
Tue Feb 13, 2018 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: I'm Lost Please Help Me :(
Replies: 20
Views: 2310

Re: I'm Lost Please Help Me :(

All good advice above, but in the meantime don't forget to establish and maintain an emergency fund ... to cover at least 3 to 6 mos (or even 12 mos) of expenses.

One Ping.
by One Ping
Mon Feb 12, 2018 3:14 pm
Forum: Forum Issues and Administration
Topic: Please Try Out Test Posts Here
Replies: 212
Views: 178617

Re: Please Try Out Test Posts Here

test image upload
Image
by One Ping
Wed Feb 07, 2018 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Replacement for Google Finance price quote function
Replies: 69
Views: 7947

Re: Replacement for Google Finance price quote function

Lately, I've become increasingly disappointed with Google Finance's slow updates for daily mutual fund NAV quotes in my Google Docs portfolio tracker. Rather than do workarounds with ETF quotes, which are actually up-to-date, I've replaced my Google Finance functions and now pull all fund quotes fr...
by One Ping
Sat Jan 27, 2018 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: How do you decide how wealthy you really are?
Replies: 58
Views: 8048

Re: How do you decide how wealthy you really are?

I discount the stock portion of my equity allocation by the amount that the P/E ratio (or you could use PE10 if you prefer) is greater than the S&P long term average of about 16. The current PE is about 24, so 16/24 is 2/3, so I need to discount my (US) stock allocation by 1/3 . This is what it wou...
by One Ping
Sat Jan 13, 2018 11:07 pm
Forum: Personal Consumer Issues
Topic: Cactus League location/accomodations
Replies: 1
Views: 286

Re: Cactus League location/accomodations

We will be visiting the Phoenix area in late February to take in several games and would like advice on good locations to base ourselves during our stay. ... It is not super important that we stay near the game locations. We are looking for modest accommodations in a quieter area close to restauran...
by One Ping
Sat Jan 13, 2018 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Retiree Portfolio Model
Replies: 394
Views: 146355

Re: Retiree Portfolio Model

I cannot get RPM to model this scenario correctly. What do I need to do to set up the model to generate this SS benefit scenario? I suspected there was a SS scenario that was un-modelable by RPM and when I saw your post I thought, "See! You were right!", but alas, I think I was able to do it thanks...
by One Ping
Sat Jan 13, 2018 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Retiree Portfolio Model
Replies: 394
Views: 146355

Re: Retiree Portfolio Model

I’m trying to set up a RPM scenario (V 18.0) and am having difficulty getting it to model a specific SS benefit scenario. Background: Spouse A Spouse A Age: 66 Spouse A FRA: 66 Spouse A PIA: $32,000 Spouse A SS Start Age: 66 (Spouse A filed for spousal benefit at age 66, in December 2017.) Spouse B ...
by One Ping
Sat Jan 13, 2018 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Roth convert to just below IRMAA threshold?
Replies: 15
Views: 1185

Re: Roth convert to just below IRMAA threshold?

DrGoogle2017 wrote:
Sat Jan 13, 2018 12:05 pm
Is there a link for the RPM?
Wiki link https://www.bogleheads.org/wiki/Retiree_Portfolio_Model

Wiki has link to the model ...
by One Ping
Thu Jan 04, 2018 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Can one leave just part of an IRA to a Trust?
Replies: 27
Views: 1167

Re: Can one leave just part of an IRA to a Trust?

TwstdSista wrote:
Thu Jan 04, 2018 3:37 pm
Thank you FIREchief -- great information!
Ditto! :sharebeer
by One Ping
Thu Jan 04, 2018 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Can one leave just part of an IRA to a Trust?
Replies: 27
Views: 1167

Re: Can one leave just part of an IRA to a Trust?

Does anyone know if a "pour over will" has to be probated? I've read in several places that it does. I've also read from people that have used "pour over wills" that nothing was in the trust at death and "everything" was transferred to the trust after death - without probate. Thanks. It might depen...
by One Ping
Thu Jan 04, 2018 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Can one leave just part of an IRA to a Trust?
Replies: 27
Views: 1167

Re: Can one leave just part of an IRA to a Trust?

Does anyone know if a "pour over will" has to be probated? I've read in several places that it does. I've also read from people that have used "pour over wills" that nothing was in the trust at death and "everything" was transferred to the trust after death - without probate. Thanks. This sounds so...
by One Ping
Thu Jan 04, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Can one leave just part of an IRA to a Trust?
Replies: 27
Views: 1167

Re: Can one leave just part of an IRA to a Trust?

You can review & adjust contributions (while you still have earned income) across them annually if needed. In retirement, just adjust where you withdraw money from. Retired, no earned income. We are fortunate enough to have cash flows from pensions and SS that are enough to cover our expenses so, n...
by One Ping
Wed Jan 03, 2018 11:07 pm
Forum: Personal Finance (Not Investing)
Topic: Can one leave just part of an IRA to a Trust?
Replies: 27
Views: 1167

Re: Can one leave just part of an IRA to a Trust?

3. IRA beneficiary designations take effect at death. An IRA owner can't give away his/her own IRA during lifetime. Does this mean they can't be put in a trust before death? I'll answer the easy one. IRA assets absolutely can not be put into a trust prior to death (unless the IRA is liquidated and ...
by One Ping
Wed Jan 03, 2018 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Can one leave just part of an IRA to a Trust?
Replies: 27
Views: 1167

Re: Can one leave just part of an IRA to a Trust?

... 1) So, even if IRAs are passed via beneficiary designation they end up being considered as 'in the estate'? 2) Would you put all beneficiaries shares in the same trust or would each individual beneficiary have their own individual trust? 3) Do these trusts need to be funded before the death of ...
by One Ping
Wed Jan 03, 2018 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Can one leave just part of an IRA to a Trust?
Replies: 27
Views: 1167

Re: Can one leave just part of an IRA to a Trust?

I'm pretty sure that if the trust is NOT drafted properly not only could the beneficiary of the trust lose the stretch provisions, the other beneficiaries could too (if its all coming out of the same IRA). Ed Slott has written several books about how inherited IRAs can get screwed up. So I would ma...
by One Ping
Wed Jan 03, 2018 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Can one leave just part of an IRA to a Trust?
Replies: 27
Views: 1167

Re: Can one leave just part of an IRA to a Trust?

There is a potential complication that you need to account for: If one of you dies before the other and the survivor then owns all the Roths, they may not keep things separate as you are planning. If the survivor has experienced significant cognitive decline and someone helps them out with their fi...