Search found 3989 matches

by Peter Foley
Wed Sep 20, 2017 8:33 pm
Forum: Personal Consumer Issues
Topic: Tulum? [Mexico]
Replies: 5
Views: 532

Re: Tulum?

Do a tour of the ruins before the tour buses arrive. I'd be inclined to be there when it opens in the morning. We stayed a little north of Tulum (Akumal) and rented a condo on the beach for a couple of days (we were two couples and this was a less expensive and nicer option). Pre AirBnB era.
by Peter Foley
Wed Sep 20, 2017 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Letter For Survivor(s) / Executors
Replies: 5
Views: 666

Re: Letter For Survivor(s) / Executors

I looked at the list and it is quite inclusive. Here are a few items that I have in my list that are not included here. Specific instructions for my spouse regarding SS survivor benefits. Information for my spouse regarding the possibility of "disclaiming" and the process for doing so. Specific inst...
by Peter Foley
Wed Sep 20, 2017 8:02 pm
Forum: Investing - Help with Personal Investments
Topic: Investing for retirement...help!
Replies: 4
Views: 431

Re: Investing for retirement...help!

While Target Date Funds are a way to go for simplified management, I do not think they are the right strategy for you. Perhaps a LifeStrategy Fund, but I think that is a doubtful approach too. Why? You might ask. Converting your taxable account to one of these options would likely incur a fair amoun...
by Peter Foley
Wed Sep 20, 2017 7:36 pm
Forum: Investing - Help with Personal Investments
Topic: IRA to Roth conversion now (age 68) or RMD?
Replies: 8
Views: 440

Re: IRA to Roth conversion now (age 68) or RMD?

I would do Roth conversion to the top of the 15% bracket at least this year. Probably a good idea until your RMD's start. Your RMD's are not so large that they will present a tax burden. You could also consider converting one or both of your RMD's into a charitable contribution for the year. Unless ...
by Peter Foley
Wed Sep 20, 2017 7:25 pm
Forum: Investing - Theory, News & General
Topic: AA if you were just starting out again
Replies: 13
Views: 753

Re: AA if you were just starting out again

I think if I were starting over again, adopting index investing over stock picking would be a greater priority than getting my AA right. Especially in one's early years, unless one is too conservative or totally oblivious to risk tolerance, AA is not a critical factor.
by Peter Foley
Wed Sep 20, 2017 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: Stable value fund
Replies: 5
Views: 419

Re: Stable value fund

I have used a stable value fund for a good portion (more than 50%) of my non equities for years. The fund I have available has almost always had a slightly better return than inflation. That is not great, but it is good enough for me.
by Peter Foley
Mon Sep 18, 2017 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: Please review my early retirement plan
Replies: 13
Views: 1675

Re: Please review my early retirement plan

I agree with delamer that can retire now. To the extent that you can do so, I would try to move some equities from taxable into the Roth account while maintaining your desired AA. It is not worth pay a lot in taxes to do so however. Also, your equities are not broadly diversified enough. You should ...
by Peter Foley
Mon Sep 18, 2017 8:06 pm
Forum: Personal Consumer Issues
Topic: Color printer suggestions: high quality output, low cost of ink
Replies: 22
Views: 1447

Re: Color printer suggestions: high quality output, low cost of ink

I do not know if it is possible to avoid this "feature" with a color printer, but I would try. With my HP Officejet 6600 if one cartridge is out of ink nothing will print. The color cartridges, which we use very rarely, are expensive and a waste of money. I will never buy an HP printer again. Fool m...
by Peter Foley
Mon Sep 18, 2017 4:51 pm
Forum: Personal Consumer Issues
Topic: Memory Foam Mattress Recomendations
Replies: 30
Views: 1969

Re: Memory Foam Mattress Recomendations

My understanding is that your preferred/common sleep position is a critical factor in terms of a mattress. Those who primarily sleep on their backs need one kind of support, those who sleep on their sides and stomach need a different kind of support.
by Peter Foley
Mon Sep 18, 2017 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: A bit of estate planning
Replies: 10
Views: 1026

Re: A bit of estate planning

The approach we took, and I caution readers of this post that it may not be the "right" one for them, was to fund 529 plans and establish smallish custodial accounts. Our reasoning was that we primarily wanted to provide for our grandchildren's education and we are aware that 529 plans cannot be use...
by Peter Foley
Sat Sep 16, 2017 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Psychological effects of Early Retirement in peak earning years.
Replies: 63
Views: 6561

Re: Physiological effects of Early Retirement in peak earning years.

sfrph wrote: I know I don't need more savings yet when I think about leaving the job it feels like I'm losing something. So, my question would be has anyone felt these psychological issues retiring during peak earning years? I retired at age 61.5 and my wife at 56. Career wise we both went out on to...
by Peter Foley
Sat Sep 16, 2017 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: Best book for planning your retirement?
Replies: 20
Views: 2778

Re: Best book for planning your retirement?

Stay the course wrote: Please correct me Petro, but believe you have an impressive networth. If so, does anyone have retirement books geared to those with 5+ million. There are some separate issues mainly tax smart planning. Stuff like Roth conversions prior to collecting SS, how to minimize RMD, es...
by Peter Foley
Sat Sep 16, 2017 2:39 pm
Forum: Investing - Help with Personal Investments
Topic: 401a and 457: Read Guide to Investing - Now what
Replies: 13
Views: 585

Re: 401a and 457: Read Guide to Investing - Now what

Petethecat wrote: Husband has no options for retirement via his employer so we max out my 18k with mine. We have not yet done a backdoor Roth, but are open to it this year, With the account types you mentioned, 401a and 457, it sounds like you work for a public higher education institution. You are ...
by Peter Foley
Sat Sep 16, 2017 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Fun reads on estate planning??
Replies: 4
Views: 541

Re: Fun reads on estate planning??

Beyond the Grave by Jeffery Condon. This is not a "how to" book. It is, more or less, case studies about what can go wrong. It is an easy read and insightful in terms of family dynamics. Ed Slott's Your Complete Retirement Planning Road Map has a couple chapters on estate planning with helpful chec...
by Peter Foley
Fri Sep 15, 2017 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on Parents' Financial Situation
Replies: 11
Views: 1403

Re: Advice on Parents' Financial Situation

What kind of business is it?

Sometimes business students from a local college or university are willing to help with a business plan as part of their study. (I'm thinking that someone might be able to take a fresh/new look at the business and suggest some changes to make it more profitable.)
by Peter Foley
Thu Sep 14, 2017 11:14 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Mother's Portfolio
Replies: 18
Views: 1342

Re: Help with Mother's Portfolio

suewolf wrote: But my primary question remains: - what's the best way to proceed? one approach is to sell everything then put into a CD ladder. Should I do this for both taxable and tax deferred accounts? should convert to Roths now? Should I have anything (even 20%) in equities as some have suggest...
by Peter Foley
Thu Sep 14, 2017 2:57 pm
Forum: Personal Consumer Issues
Topic: Best Lower Cost USA Cities to Live
Replies: 102
Views: 6892

Re: Best Lower Cost USA Cities to Live

Taking into consideration size and moderate climate, I would second the suggestion of Prescott/Prescott Valley.

So much depends on what your interests are.
by Peter Foley
Thu Sep 14, 2017 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Mother's Portfolio
Replies: 18
Views: 1342

Re: Help with Mother's Portfolio

My thinking is in line with what a few others have said. Consolidate the accounts at Vanguard, sell the house, and put those proceeds in the taxable account. I would aim for an asset allocation of 30% to 40% equities and the balance in bond funds, CD's, cash etc. If at some point your mother ends up...
by Peter Foley
Wed Sep 13, 2017 8:39 pm
Forum: Investing - Help with Personal Investments
Topic: What is the largest percentage of your total portfolio value that you have exchanged to rebalance?
Replies: 58
Views: 3198

Re: What is the largest percentage of your total portfolio value that you have exchanged to rebalance?

My investment policy statement dates back to the end of the great recession and indicates 5% bands. I don't slice and dice. I've only really rebalanced a couple times, about 2% to 3% each time. This is not something I have tracked . As I have read, I have come to favor a slightly high equity allocat...
by Peter Foley
Wed Sep 13, 2017 7:12 pm
Forum: Investing - Help with Personal Investments
Topic: Investment choice 3 years prior to taking SS
Replies: 9
Views: 966

Re: Investment choice 3 years prior to taking SS

I confess ignorance on this subject because it does not apply to my wife and me but it is something for you to explore. When the ability to file and suspend SS benefits was modified a couple years, I recall there being exceptions for persons born before a certain date. Do you possibly qualify for th...
by Peter Foley
Mon Sep 11, 2017 11:28 pm
Forum: Investing - Theory, News & General
Topic: Christine Benz: "Who Should Inherit Your IRA?"
Replies: 5
Views: 1335

Re: Christine Benz: "Who Should Inherit Your IRA?"

Good article, although I agree not a lot of depth. A key takeaway for many should be the advice about leaving an IRA to one's child or children. If they are adult children they should have an understanding of what their options would be if they inherit, and the consequences of those options. I've ha...
by Peter Foley
Sat Sep 09, 2017 4:48 pm
Forum: Investing - Help with Personal Investments
Topic: Clueless on taxes but have luxury of both 403b and 457 space
Replies: 27
Views: 2349

Re: Clueless on taxes but have luxury of both 403b and 457 space

As to your tax bracket . . . The top of the 15% federal bracket is $75,900 in taxable income. A standard deduction is $12,700 in 2017 and each exemption is $4050. So with one of you working 104,00 AGI - (12700 + 16200) = $75,100. That is just under the top of the 15% bracket. If you itemize your ded...
by Peter Foley
Sat Sep 09, 2017 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: Help me simplify
Replies: 20
Views: 2161

Re: Help me simplify

A couple things you could do to help with simplification: In general, holdings of less that 5% do not provide additional diversification nor are they large enough to improve your overall return. You could simplify greatly by consolidating your holding in fewer funds. In addition, you need not hold t...
by Peter Foley
Thu Sep 07, 2017 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to withdraw from traditional IRA
Replies: 8
Views: 1210

Re: Best way to withdraw from traditional IRA

We retired in June of 2012 and set aside two years of cash. My wife continued to work part time for a half year after we both retired from our full time jobs. That original set aside funds lasted us about 2.5 - 3 years. Had we not done a lot of gifting to children I'm sure it would have lasted 3 yea...
by Peter Foley
Wed Sep 06, 2017 7:32 pm
Forum: Investing - Theory, News & General
Topic: Do retiree BHs actually run down their portfolios?
Replies: 73
Views: 7935

Re: Do retiree BHs actually run down their portfolios?

A number of people who have posted on this thread retired in the last 6 years or so. I include myself in that group. We have been very fortunate in terms of sequence of returns. I have a couple friends who retired about 10 years ago and took SS benefits early during the great recession to minimize t...
by Peter Foley
Wed Sep 06, 2017 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited Savings Bonds
Replies: 30
Views: 1842

Re: Inherited Savings Bonds

Please clarify. Are you saying that the bonds reached "final maturity?" That would mean that they are no longer earning interest and interest should have been reported by your parents in the year they reached final maturity. That seems to be what you are indicating in your post. I think the Wizard w...
by Peter Foley
Wed Sep 06, 2017 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone using i-orp as a guide for withdrawals?
Replies: 44
Views: 4398

Re: Anyone using i-orp as a guide for withdrawals?

Regarding the TE approach and a possible calculator: You might want to try the Retiree Portfolio Model by Bigfoot. It is an excel spreadsheet you can download. You can run scenarios and save them with different names and compare the results. I think the results are more difficult to interpret than i...
by Peter Foley
Mon Sep 04, 2017 9:02 pm
Forum: Personal Consumer Issues
Topic: Beginner Mountain Bike
Replies: 59
Views: 3073

Re: Beginner Mountain Bike

As I read through the thread a couple comments stand out. OP is looking for a mountain bike, but is he really doing aggressive mountain biking that would require a good suspension and better components? If the answer is no, staying with a names brand bike with "good" components is an economical way ...
by Peter Foley
Mon Sep 04, 2017 1:42 pm
Forum: Investing - Theory, News & General
Topic: How I use I-ORP, and who shouldn't
Replies: 121
Views: 11187

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

munemaker wrote: freebeer wrote: ↑Fri Aug 18, 2017 9:26 pm Peter Foley wrote: ↑Fri Aug 18, 2017 2:57 pm munemaker wrote: ...converting $50K per year for two years provided a larger estate than converting $20K for five years. This is the effect of rate of return in the Roth account which I set to be ...
by Peter Foley
Sun Sep 03, 2017 9:20 pm
Forum: Investing - Help with Personal Investments
Topic: Allocating across IRAs and taxable accounts
Replies: 9
Views: 897

Re: Allocating across IRAs and taxable accounts

You do not mention your current tax bracket or if it will change next year with the addition of wife's SS benefits, or when your pension ends and your SS and RMD's begin. If you currently have room to spare in the 15% bracket, below $75,900 in taxable income for MFJ, you can take some long term capi...
by Peter Foley
Thu Aug 31, 2017 9:09 pm
Forum: Local Chapters and Bogleheads Community
Topic: [Are the Bogleheads] getting less interesting?
Replies: 255
Views: 15878

Re: [Are the Bogleheads] getting less interesting?

My entry point to the forum is the page listing the recent threads. The statistic that is noted at the top at the time I write this reply is: "1315 new posts and replies over 181 topics" over the last day. (I do not know how days are counted in this regard.) As the forum has grown in terms of users ...
by Peter Foley
Fri Aug 25, 2017 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion for Older Couple?
Replies: 6
Views: 819

Re: Roth Conversion for Older Couple?

If by chance one of you ends up in an assisted living facility, the health care cost would be deductible and might put you into a low tax bracket for a year or two. For that reason I would keep some of my retirement funds in a TIRA. My Mother-in-law fell and broke her hip late last year at age 95 an...
by Peter Foley
Fri Aug 25, 2017 5:20 pm
Forum: Investing - Theory, News & General
Topic: Charles Schwab example portfolio question
Replies: 8
Views: 748

Re: Charles Schwab example portfolio question

I agree with both dbr and MnD whose advice is not mutually exclusive. I too have a bias in terms of holding separate funds for the same reasons as dbr points out in his disclaimer. On the other hand, I am not a proponent of diversification when just starting out. Until one gets at least two to three...
by Peter Foley
Mon Aug 21, 2017 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Should my grandfather liquidate?
Replies: 22
Views: 1706

Re: Should my grandfather liquidate?

If his income is a low as you state and an additional $12,000 in income would not affect the taxation of his SS benefits I would be inclined to cash it in. Your father paying about 10% in taxes is about as low as it gets. Would not his heirs likely pay a higher rate? We are not talking about a big s...
by Peter Foley
Mon Aug 21, 2017 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Should my grandfather liquidate?
Replies: 22
Views: 1706

Re: Should my grandfather liquidate?

thebigad wrote: So, on the IRA point, his wife recently passed away (my grandmother). He is being asked to assume or inherit her IRA. Given that he doesn't need any IRA funds now and does not have much taxable income each year to speak of (roughly $12,000), which should he do? So much more informati...
by Peter Foley
Sun Aug 20, 2017 11:00 pm
Forum: Investing - Help with Personal Investments
Topic: Adjusting AA as retirement nears
Replies: 64
Views: 6671

Re: Adjusting AA as retirement nears

Withdrawal rate is certainly a factor as is the amount of flexibility in spending you will have in retirement. If you feel you will have some flexibility to adjust spending, I suggest you take a look at the concept of a "Rising Equity Glide Path." Wade Pfau and Michael Kitces wrote an article about ...
by Peter Foley
Sun Aug 20, 2017 5:23 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking Non-Retirement Portfolio Help
Replies: 13
Views: 1252

Re: Seeking Non-Retirement Portfolio Help

Thanks for providing the additional information. Knowing that you have retirement accounts is helpful. This allows you to hold your bond allocation in your retirement accounts in lieu of stock funds and/or target retirement funds and hold more equity mutual funds in your taxable account. You could c...
by Peter Foley
Sat Aug 19, 2017 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking Non-Retirement Portfolio Help
Replies: 13
Views: 1252

Re: Seeking Non-Retirement Portfolio Help

A little back to the basics from a BH perspective. When choosing mutual funds there are a few ways to go. All in one fund options - a target retirement fund or Lifecycle fund that invests in a mix of stocks and bonds. Another approach is to use a mix of funds to achieve your desired asset allocation...
by Peter Foley
Sat Aug 19, 2017 7:23 pm
Forum: Forum Issues and Administration
Topic: Home Page Updated
Replies: 81
Views: 5392

Re: Home Page Updated

Clearing the cache worked for me as well. Prior to that the print was small and the page was busy.
by Peter Foley
Sat Aug 19, 2017 10:09 am
Forum: Investing - Theory, News & General
Topic: How I use I-ORP, and who shouldn't
Replies: 121
Views: 11187

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

Freebeer wrote in red below: Peter Foley wrote: ↑Fri Aug 18, 2017 2:57 pm munemaker wrote: ...converting $50K per year for two years provided a larger estate than converting $20K for five years. This is the effect of rate of return in the Roth account which I set to be higher than that of a tax defe...
by Peter Foley
Fri Aug 18, 2017 5:30 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Portfolio Questions
Replies: 9
Views: 1259

Re: Early Retirement Portfolio Questions

A few thoughts: You are currently close to 75/25 rather than 80/20. (14 + 6 +4 in bonds). I would stick with that AA in that you have left the workforce. While in a very low tax bracket I would consider converting the Traditional to a Roth. After 5 years that would give you access to more bonds as y...
by Peter Foley
Fri Aug 18, 2017 2:57 pm
Forum: Investing - Theory, News & General
Topic: How I use I-ORP, and who shouldn't
Replies: 121
Views: 11187

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

munemaker wrote: Please define "too aggressive." Does that mean not maximizing your income or estate, or just beyond your personal comfort level. I ask because the program notes caution that novices may not be comfortable with the recommended level of Roth conversions. "Too aggressive " in this cont...
by Peter Foley
Fri Aug 18, 2017 10:28 am
Forum: Investing - Theory, News & General
Topic: How I use I-ORP, and who shouldn't
Replies: 121
Views: 11187

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

I too have run a number of scenarios in i-orp. Many scenarios were options I might consider with regard to our personal situation. Then I ran a couple abstract options with assets arrayed differently. (All of this was in advance of a presentation regarding Retirement Calculators by a member of the s...
by Peter Foley
Fri Aug 18, 2017 10:00 am
Forum: Investing - Help with Personal Investments
Topic: Investment Plan
Replies: 7
Views: 539

Re: Investment Plan

OP wrote: Regarding the LTC - we opted not to purchase it but still see the value in having it in the long term plan. What I did was opened the Roth IRA and contribute the same monthly payment I would have paid the insurance company. When long term care was first offer at work (15 + years ago ?) I w...
by Peter Foley
Thu Aug 17, 2017 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Can I get a Boglehead view of how we are doing?
Replies: 6
Views: 1139

Re: Can I get a Boglehead view of how we are doing?

A couple suggestions from articles I have read: • Age based savings goals* • Age 30: Savings = 0.6 x Income Age 40: Savings = 2.4 x Income Age 50: Savings = 5.2 x Income Age 60: Savings = 9.4 x Income *Money Magazine, May 2013 • The “number” – lifestyle dependent 75%?* *Based on a T. Rowe Price Surv...
by Peter Foley
Thu Aug 17, 2017 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: quick estate question
Replies: 56
Views: 2923

Re: quick estate question

westrichj312: No will or executor. The attorney said the credit card debt and medical are unsecured debt they are small and they never come after the children for unsecured debts. I will have to call a few other attorneys and see if they give same advice. There may be both a legal approach and an et...
by Peter Foley
Tue Aug 15, 2017 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: Moving to Vanguard: Annuities and IRA
Replies: 8
Views: 744

Re: Moving to Vanguard: Annuities and IRA

Regarding the annuities . . . Are they pre tax (IRA) or post tax ? The tax treatment for withdrawals is different depending on which of the two they are.
by Peter Foley
Mon Aug 14, 2017 11:11 pm
Forum: Investing - Help with Personal Investments
Topic: Moving to Vanguard: Annuities and IRA
Replies: 8
Views: 744

Re: Moving to Vanguard: Annuities and IRA

Suggested allocation: US Stocks: 45% 25% large cap VLCAX 8% small cap VSMAX 8% small cap value VSIAX 4% REIT VGSLX International Stocks: 15% 9% developed foreign markets VTMGX 3% emerging markets VEMAX 3% international small cap VFSVX Bonds/Cash: 40% Short term bonds & cash VBIRX Mid term bonds 25% ...
by Peter Foley
Mon Aug 14, 2017 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: Donor advised fund at Vanguard or elsewhere?
Replies: 42
Views: 3183

Re: Donor advised fund at Vanguard or elsewhere?

letsgobobby wrote: you may misunderstand something. while vanguard DAF holds only vanguard funds, you can donate ANY appreciated security to the DAF, taking a full deduction and avoiding LTCG taxes. Vanguard will then liquidate the position and you can reinvest the funds in the (vanguard) fund optio...
by Peter Foley
Mon Aug 14, 2017 10:50 pm
Forum: Investing - Help with Personal Investments
Topic: Both tIRA and Roth investment composition
Replies: 4
Views: 457

Re: Both tIRA and Roth investment composition

While it is somewhat dependent on from which accounts one is going to withdraw funds first, the approach usually recommended is to hold equities in one's Roth and bonds in a tax deferred account.* The reasoning is that the Roth will grow tax free so you want to optimize the opportunity for growth in...