Search found 315 matches

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: 3276

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: 3276

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: 3276

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: 3276

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: 3276

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: 3276

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: 3276

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: 3276

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: 3276

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: 3276

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: 3276

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: 10074

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: 1584

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: 3322

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: 46
Views: 4505

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: 2199

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: 204
Views: 173088

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: 46
Views: 4505

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: 7940

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: 280

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: 387
Views: 142494

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: 387
Views: 142494

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: 13
Views: 932

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: 1133

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: 1133

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: 1133

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: 1133

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: 1133

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: 1133

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: 1133

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: 1133

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...
by One Ping
Wed Jan 03, 2018 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Can one leave just part of an IRA to a Trust?
Replies: 27
Views: 1133

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

... I suspect maybe Bruce Steiner, a Boglehead estate lawyer who chimes in often, can give better info. ... Thanks for the kind words. It's no different from leaving an IRA to more than one individual. For example, just as you could leave an IRA x% to A, y% to B and Z% to C (so long as x. y and z a...
by One Ping
Wed Jan 03, 2018 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Can one leave just part of an IRA to a Trust?
Replies: 27
Views: 1133

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

wanted to avoid if possible due to complexities in maintaining equality of inherited value between beneficiaries. You could invest the money in each IRA identically, so the value of the accounts would be the same. Hmmm ... maybe. I'm a slice & dicer so that would make it more expensive because of t...
by One Ping
Wed Jan 03, 2018 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Can one leave just part of an IRA to a Trust?
Replies: 27
Views: 1133

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

... if the trust is drafted as an "accumulation trust" (i.e. not "conduit"), the RMDs will NOT be required to be distributed immediately to the beneficiary. They can be retained within the trust in an after-tax account, although the trust would have to pay taxes on the RMDs, assuming it is a tIRA. ...
by One Ping
Wed Jan 03, 2018 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Can one leave just part of an IRA to a Trust?
Replies: 27
Views: 1133

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

We are trying to set up contingent beneficiaries for our IRAs. (We are each others primary beneficiary.) When the time comes (last one dies) we want to split our IRAs among N contingent beneficiaries. For N-1 of them we would directly name individuals as the beneficiaries. They can set up their own ...
by One Ping
Wed Dec 27, 2017 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Advice Requested - Parents Financial Situation (ages 94/90)
Replies: 20
Views: 1249

Re: Advice Requested - Parents Financial Situation (ages 94/90)

Nearing Destination - Was not aware there was a need to file a form(s) with the IRS. Thanks.

Katiesu - Like your approach. May use that with my folks.

One Ping
by One Ping
Wed Dec 27, 2017 10:17 am
Forum: Investing - Help with Personal Investments
Topic: Advice Requested - Parents Financial Situation (ages 94/90)
Replies: 20
Views: 1249

Re: Advice Requested - Parents Financial Situation (ages 94/90)

Bump for visibility ... Posted late last night.

Any more comments?
by One Ping
Tue Dec 26, 2017 11:08 pm
Forum: Investing - Help with Personal Investments
Topic: Advice Requested - Parents Financial Situation (ages 94/90)
Replies: 20
Views: 1249

Re: Advice Requested - Parents Financial Situation (ages 94/90)

Anyway, you can arrange for your father and mother to sign DPoA's, if they agree, but you can arrange not to do anything "now", or "to discuss it with them first" or whatever starting arrangement you agree upon. I like this idea. If this is not what's in their documents already, I'll bring it up th...
by One Ping
Tue Dec 26, 2017 9:51 pm
Forum: Investing - Help with Personal Investments
Topic: Advice Requested - Parents Financial Situation (ages 94/90)
Replies: 20
Views: 1249

Re: Advice Requested - Parents Financial Situation (ages 94/90)

If I had a DPoA would I need to be an 'authorized signer' on the account, or could I just present the DPoA to the bank to make transactions?
by One Ping
Tue Dec 26, 2017 9:48 pm
Forum: Investing - Help with Personal Investments
Topic: Advice Requested - Parents Financial Situation (ages 94/90)
Replies: 20
Views: 1249

Re: Advice Requested - Parents Financial Situation (ages 94/90)

Okay... quickie tutorial. (Yes, this can all be quite confusing until one gets familiar... and even then.... :wink: ) Very briefly---- PoA: Power of Attorney: General category, also specifically means the agent can operate as the person giving the authority UNTIL she/he becomes incompentent, and th...
by One Ping
Tue Dec 26, 2017 9:46 pm
Forum: Investing - Help with Personal Investments
Topic: Advice Requested - Parents Financial Situation (ages 94/90)
Replies: 20
Views: 1249

Re: Advice Requested - Parents Financial Situation (ages 94/90)

DorothyB wrote:
Tue Dec 26, 2017 9:43 pm
Don't forget that while the total expenses would decrease when one passes away, income will also go down at that time.
Yep got that covered. "This doesn’t include reduced expenses after the first one dies so maybe a little longer for the last to die."
by One Ping
Tue Dec 26, 2017 9:37 pm
Forum: Investing - Help with Personal Investments
Topic: Advice Requested - Parents Financial Situation (ages 94/90)
Replies: 20
Views: 1249

Re: Advice Requested - Parents Financial Situation (ages 94/90)

Before dealing with specifics of investments... what about DPoA's, while they are still competent to sign those? It sounds like that window may be closing, and for both of them. If you try and can't get them to give you - or someone else trustworthy - this power, well, at least you tried. Don't for...
by One Ping
Tue Dec 26, 2017 9:26 pm
Forum: Investing - Theory, News & General
Topic: Email from Larry Swedroe about "Reducing the Risk of Black Swans" book 2nd ed.
Replies: 8
Views: 2087

Re: Email from Larry Swedroe about "Reducing the Risk of Black Swans" book 2nd ed.

stlutz wrote:
Tue Dec 26, 2017 9:25 pm
Anyone know if individuals can purchase SSRIX (Stone Ridge Reinsurance) for example without going through an advisor?
You cannot.
That's what I thought. Thanks.
by One Ping
Tue Dec 26, 2017 9:26 pm
Forum: Investing - Help with Personal Investments
Topic: Advice Requested - Parents Financial Situation (ages 94/90)
Replies: 20
Views: 1249

Re: Advice Requested - Parents Financial Situation (ages 94/90)

Before dealing with specifics of investments... what about DPoA's, while they are still competent to sign those? It sounds like that window may be closing, and for both of them. If you try and can't get them to give you - or someone else trustworthy - this power, well, at least you tried. Don't for...
by One Ping
Tue Dec 26, 2017 9:22 pm
Forum: Investing - Help with Personal Investments
Topic: Advice Requested - Parents Financial Situation (ages 94/90)
Replies: 20
Views: 1249

Re: Advice Requested - Parents Financial Situation (ages 94/90)

Forget TIPS - CD's is about as far out as I would go, and two years at best, since they will be needing the cash for year 3. Thanks, G2BO. Yeah, CD's at their bank are essentially like cash 0.05% for 1 year, 0.01% for savings. Not much difference over a year for their size portfolio (~$80/yr or ) 3...
by One Ping
Tue Dec 26, 2017 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Etiquette of converting to exempt status
Replies: 32
Views: 3816

Re: Etiquette of converting to exempt status

My recollection (maybe I'm wrong) is that I paid overtime to both exempt and non-exempt employees. The difference was, the exempt were paid their hourly rate, the non-exempt received time and a half. I worked as exempt at a Megacorp and we were paid OT at our hourly rate plus a fixed differential (...
by One Ping
Tue Dec 26, 2017 9:10 pm
Forum: Investing - Theory, News & General
Topic: Email from Larry Swedroe about "Reducing the Risk of Black Swans" book 2nd ed.
Replies: 8
Views: 2087

Re: Email from Larry Swedroe about "Reducing the Risk of Black Swans" book 2nd ed.

betablocker wrote:
Tue Dec 26, 2017 9:08 am
We need some more information on how to incorporate alts into portfolios.
Anyone know if individuals can purchase SSRIX (Stone Ridge Reinsurance) for example without going through an advisor?

One Ping
by One Ping
Tue Dec 26, 2017 9:06 pm
Forum: Investing - Help with Personal Investments
Topic: Advice Requested - Parents Financial Situation (ages 94/90)
Replies: 20
Views: 1249

Re: Advice Requested - Parents Financial Situation (ages 94/90)

Before dealing with specifics of investments... what about DPoA's, while they are still competent to sign those? It sounds like that window may be closing, and for both of them. If you try and can't get them to give you - or someone else trustworthy - this power, well, at least you tried. Don't for...
by One Ping
Tue Dec 26, 2017 8:49 pm
Forum: Investing - Help with Personal Investments
Topic: Advice Requested - Parents Financial Situation (ages 94/90)
Replies: 20
Views: 1249

Advice Requested - Parents Financial Situation (ages 94/90)

Sorry for the long post, but I’m looking for feedback on my parent’s situation and wanted all the cards on the table. Background: They currently live independently in a Continuing Care Retirement Community (CCRC) that, for a monthly fee, provides meals, housekeeping, utilities, access to on-site hea...
by One Ping
Sun Dec 24, 2017 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Charitable Deduction Question
Replies: 21
Views: 1796

Re: Charitable Deduction Question

The529guy wrote:
Sun Dec 24, 2017 11:26 pm
Certificate of Mailing?
I did not know about the Certificate of Mailing! Thanks, 529guy.