Search found 2090 matches

by SGM
Wed Mar 29, 2017 7:44 am
Forum: Investing - Theory, News & General
Topic: Should Implementation Of Asset Allocation Targets Account For Taxation At Withdrawal?
Replies: 13
Views: 706

Re: Should Implementation Of Asset Allocation Targets Account For Taxation At Withdrawal?

AA in each account may make a difference in how much will be left in my accounts 30 years from now, but I don't have the knowledge of how well stocks or bonds will do over that period. I don't think a few percentage points one way or another in AA will have any effect on my final portfolio worth in ...
by SGM
Tue Mar 28, 2017 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: An Edward Jones Financial Advisor stopped by my house and spoke with my wife
Replies: 81
Views: 5860

Re: An Edward Jones Financial Advisor stopped by my house and spoke with my wife

I would not send EJ an email. I am a little surprised that any BHs would communicate with EJ given the company's reputation. If you need information on spending in retirement there are better sources than EJ.
by SGM
Mon Mar 27, 2017 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: Weathering sell-off days like today
Replies: 106
Views: 5593

Re: Weathering sell-off days like today

Invest with every pay check. Don't panic sell ever. Only add up your assets when the market is up or not at all. Keep in mind you are buying more shares with same amount of money when the market is down. Now you can sell with one click. That makes investing more dangerous. Just because it is easy to...
by SGM
Mon Mar 27, 2017 7:26 am
Forum: Investing - Help with Personal Investments
Topic: Keep JNJ or invest everything in index funds?
Replies: 18
Views: 1069

Re: Keep JNJ or invest everything in index funds?

I haven't had DRIPs for about ten years. I believe Computershares charges a fee with each reinvested dividend currently. I would transfer all shares to a brokerage account. Stop dividend reinvesting. You can sell small amounts of JNJ if you like over a period of time,maybe when you have offsetting c...
by SGM
Mon Mar 27, 2017 3:52 am
Forum: Investing - Help with Personal Investments
Topic: Buy a house or wait in bay area
Replies: 34
Views: 2731

Re: Buy a house or wait in bay area

We bought a charming home just north of the Golden Gate in the 80s. Prices had been stable for 5 years. The couple selling to us were planning to save their money by renting for 5 years so they could buy a bigger house. They sold to us for the exact same price they paid 5 years earlier. The problem ...
by SGM
Sun Mar 26, 2017 5:05 pm
Forum: Investing - Theory, News & General
Topic: Christine Benz's Three Bucket System
Replies: 43
Views: 3980

Re: Christine Benz's Three Bucket System

I have looked at bucket systems for a long time, but think they add needless complication. I prefer multiple income sources including pensions, SS, rental income and possibly SPIAs and whatever AA one prefers with rebalancing if things get too out of whack.
by SGM
Sun Mar 26, 2017 9:27 am
Forum: Personal Consumer Issues
Topic: Anyone taken a mid-career sabbatical?
Replies: 38
Views: 4455

Re: Anyone taken a mid-career sabbatical?

I had two mid career hiatuses although they were not equivalent to a sabattical. I took a year off at age 28 to get a masters and 4 years off at age 42 to get a professional degree followed by 3 years of low pay. These both turned out to be great moves financially and personally. I could have retire...
by SGM
Sun Mar 26, 2017 4:19 am
Forum: Personal Finance (Not Investing)
Topic: Do you have enough? How I realized yeah I do.
Replies: 73
Views: 10841

Re: Do you have enough? How I realized yeah I do.

I have been retired for 2 1/2 years, converted all tIRAs to Roth accounts, and am delaying SS until 70 and still my portfolio rises in value. That doesn't rise to the level of an epiphany, but it feels good. 8-)
by SGM
Sat Mar 25, 2017 4:15 am
Forum: Personal Finance (Not Investing)
Topic: Are Bogleheads in the minority on the use of investment advisors?
Replies: 86
Views: 4993

Re: Are Bogleheads in the minority on the use of investment advisors?

The majority of professionals and business owners I have met use FAs. For the most part they think that since they are paying for AUM that the advisor only does well if their portfolios do well. They have no idea how much it is really costing them. They may think it gives them some status to have a ...
by SGM
Fri Mar 24, 2017 4:48 pm
Forum: Investing - Help with Personal Investments
Topic: Roth v. Traditional allocation
Replies: 19
Views: 1215

Re: Roth v. Traditional allocation

"She will likely will owe some taxes during IRA withdrawals. For a lot of us a traditional IRA balance of $100k is really only worth $75k or less in spending power. While the spending power of a Roth IRA of $100k is $100k. It pays to learn about Roth conversions when you have the time and incl...
by SGM
Fri Mar 24, 2017 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Pretirement
Replies: 18
Views: 1971

Re: Pretirement

For 2+ years I cut back to 3 half days a week. This allowed me to explore some new hobbies and ease into retirement. I enjoyed my work and the people so I wasn't in a great hurry to leave.
by SGM
Fri Mar 24, 2017 2:31 am
Forum: Investing - Help with Personal Investments
Topic: Roth v. Traditional allocation
Replies: 19
Views: 1215

Re: Roth v. Traditional allocation

She will likely will owe some taxes during IRA withdrawals. For a lot of us a traditional IRA balance of $100k is really only worth $75k or less in spending power. While the spending power of a Roth IRA of $100k is $100k. It pays to learn about Roth conversions when you have the time and inclination.
by SGM
Thu Mar 23, 2017 11:34 am
Forum: Investing - Help with Personal Investments
Topic: Roth vs. TIRA, am I missing something obvious?
Replies: 23
Views: 1131

Re: Roth vs. TIRA, am I missing something obvious?

If tax rates remain the same and taxes are paid outside of the IRA account there is a slight advantage to the Roth conversion if there is no change in tax rate. One does eliminate some of the tax drag on a slightly smaller taxable account. The longer the Roth account is left without spending the bet...
by SGM
Thu Mar 23, 2017 3:59 am
Forum: Investing - Theory, News & General
Topic: What % of your income have you converted to wealth?
Replies: 96
Views: 12479

Re: What % of your income have you converted to wealth?

Although I am busy converting wealth into income these days I have at times looked at how much of my total earned income over the years I have turned into wealth. It is over 100% of earned income and I haven't looked at the numbers lately. It strikes me as a calculation without much purpose. Maybe i...
by SGM
Thu Mar 23, 2017 3:39 am
Forum: Investing - Help with Personal Investments
Topic: Very Sad - Loss of Backdoor Roth IRA all these years
Replies: 19
Views: 4483

Re: Very Sad - Loss of Backdoor Roth IRA all these years

When I started Roth conversions in 2010 I needed to fill out multiple 8606 forms for non-deductible tIRAs. I was told by the IRS to fill out one for each year and to send them out under separate cover from what was my 2010 1040 and 8606. Then for each of the following years when I converted I filled...
by SGM
Wed Mar 22, 2017 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Turned 70 & SS Benefits Stuck as Suspended
Replies: 6
Views: 1044

Re: Turned 70 & SS Benefits Stuck as Suspended

I agree with calling one's congressional representative. I had an issue with payments from Medicare being suspended without prompt notification and was eventually able to get it straitened out only with the help of a very competent person in the rep's office.
by SGM
Wed Mar 22, 2017 2:34 pm
Forum: Investing - Theory, News & General
Topic: Muni fund reinvest or not
Replies: 11
Views: 792

Re: Muni fund reinvest or not

I am delaying SS until age 70. My AA is more aggressive but I am taking dividends out of all taxable accounts and mostly reinvesting it except for some pocket money. This includes muni bond funds and stock market funds. I want to be able to TLH any of the funds that have a loss at the end of the yea...
by SGM
Wed Mar 22, 2017 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: I thought I understood AA, now I have confused myself
Replies: 10
Views: 532

Re: I thought I understood AA, now I have confused myself

AA refers to the value of your stocks compared to the value of your bonds in total. You might want to use your non-reinvested stock dividends to build up your bond value instead of selling stock at a gain. If you have some stocks with a loss you could tax loss harvest and use those funds to hit your...
by SGM
Wed Mar 22, 2017 9:26 am
Forum: Investing - Theory, News & General
Topic: What % of your income have you converted to wealth?
Replies: 96
Views: 12479

Re: What % of your income have you converted to wealth?

Now that I am retired I am busy turning my wealth into income. I have chosen to delay SS until age 70 and that is like purchasing a better annuity than available on the open market. Apparently SS is still using longevity tables from 1983 or so and they don't differentiate between longevity for men a...
by SGM
Tue Mar 21, 2017 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: Failing to understand taxable acct strat
Replies: 16
Views: 1761

Re: Failing to understand taxable acct strat

The total stock market and possibly total international are the two funds I would put in taxable. I also use intermediate and long term muni funds in the same account. Any new money I have goes into these funds pretty much. I wouldn't make it more complicated than that unless you are convinced that ...
by SGM
Tue Mar 21, 2017 4:42 pm
Forum: Investing - Theory, News & General
Topic: Why do people invest in Long Term Bonds now?
Replies: 51
Views: 7189

Re: Why do people invest in Long Term Bonds now?

I have some long term muni bond funds and intermediate in taxable. I have no expectation of selling the bond funds unless I want to tax loss harvest and purchase another muni bond fund with similar maturities. I am holding some of these and may later sell them and purchase an SPIA or not. Otherwise ...
by SGM
Tue Mar 21, 2017 3:06 pm
Forum: Investing - Theory, News & General
Topic: What's your strategy for withdrawing funds in Retirement ?
Replies: 55
Views: 5313

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

We have enough in several income streams that we will only take a little from taxable. We are delaying SS until age 70. DW has a spousal benefit currently. We annuitized the TIAA-CREF account so that is being taxed at the same rates as RMDs would be taxed. All the other tax deferred accounts were co...
by SGM
Mon Mar 20, 2017 6:40 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Plan: Do it myself or use Advisor?
Replies: 41
Views: 2997

Re: Retirement Plan: Do it myself or use Advisor?

I would go back and re-read Jane Bryant Quinn's latest book How to Make Your Money Last . Under no circumstances would I pay for assets under management. Delaying SS is better than any annuity currently available in the market. The time while retired and delaying SS is a good time to make Roth conve...
by SGM
Fri Mar 17, 2017 9:10 am
Forum: Investing - Theory, News & General
Topic: Anyone else taking less risk
Replies: 115
Views: 9313

Re: Anyone else taking less risk

Since I have been retired my AA has been lowered to 70/30 stocks to bonds. I last checked my AA in October and won't be checking it again until this coming October. If I had to guess maybe I am 75/25 now or 80/20. If I were still accumulating I would be 100% stock market. Now I am much more focused ...
by SGM
Thu Mar 16, 2017 9:03 pm
Forum: Investing - Help with Personal Investments
Topic: Do you avoid international investing like Jack Bogle?
Replies: 151
Views: 7447

Re: Do you avoid international investing like Jack Bogle?

I don't avoid international, but I think it correlates closely enough with the total stock market that it may not be worth the effort. I have no strong feelings about it one way or the other, but I don't think my portfolio will be more risky without it. Most of my early mutual funds were internation...
by SGM
Thu Mar 16, 2017 4:16 am
Forum: Investing - Help with Personal Investments
Topic: converting from tira to roth - think I'm learning but have a question
Replies: 5
Views: 366

Re: converting from tira to roth - think I'm learning but have a question

We converted our tIRAs and 401ks to Roth accounts over a 6 year period. If I could not pay the taxes out of a taxable account I would not have converted. There is a slight advantage to converting based on ongoing taxes in the taxable account after conversions. At age 70 1/2 the advantage of conversi...
by SGM
Wed Mar 15, 2017 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: "Don't time the market" vs. "Buy low, sell high"
Replies: 69
Views: 4844

Re: "Don't time the market" vs. "Buy low, sell high"

I have never been out of the market in 35+ years of investing. I may have put a little more in one month vs. another, but I steadily invested with every paycheck. Buy low and sell high I interpreted as not selling during a market downturn. Selling is more difficult. If the market was down I might ha...
by SGM
Tue Mar 14, 2017 8:58 am
Forum: Investing - Help with Personal Investments
Topic: Vang. High Yield Tax Exempt Fund Admiral Shares
Replies: 16
Views: 1129

Re: Vang. High Yield Tax Exempt Fund Admiral Shares

Right off the bat you have until April 15 to start a 2016 traditional IRA of $5500 for you and one for your wife. You can also start a 2017 IRA for each of you. The IRAs will be non-deductible. Then you can do a back-door Roth conversion. This will cost next to nothing in taxes and will never be tax...
by SGM
Tue Mar 14, 2017 5:09 am
Forum: Investing - Theory, News & General
Topic: I have to share this quote
Replies: 32
Views: 4466

Re: I have to share this quote

I am confused as why you require moving money from an IRA to taxable for AA target? Maybe I am not thinking about this because I only have Roths and taxable and have no reason to spend from a Roth until much later n life. It's the R in RMD: REQUIRED. "They made me do it!" I am required by...
by SGM
Tue Mar 14, 2017 4:35 am
Forum: Investing - Help with Personal Investments
Topic: Vang. High Yield Tax Exempt Fund Admiral Shares
Replies: 16
Views: 1129

Re: Vang. High Yield Tax Exempt Fund Admiral Shares

I assume you are in a high tax bracket and that is why you have a muni bond fund. I had some losses in muni tax bond funds and sold some to tax loss harvest. But I bought other muni bond funds to replace them. I am in muni bond funds in taxable accounts for the long term in retirement. My goal is cu...
by SGM
Mon Mar 13, 2017 8:40 pm
Forum: Investing - Theory, News & General
Topic: Don't let your political views impact your investment strategy
Replies: 28
Views: 3774

Re: Don't let your political views impact your investment strategy

I don't let politics get in the way of investing. I do think politicians can have some effect on tax rate changes, interest rates and some other factors up to a point. Even presidents have only a limited impact on the markets. Where else were investors going to go when interest rates were so low, bu...
by SGM
Mon Mar 13, 2017 8:31 pm
Forum: Investing - Theory, News & General
Topic: I have to share this quote
Replies: 32
Views: 4466

Re: I have to share this quote

This is a quote about gambling, but it perhaps it also applies to staying the course when the PEs are high: "I hope I break even, I can really use the money." -- averagefool, internet commenter. I know a lot of gamblers and they do come up with some peculiar notions. So are you taking pro...
by SGM
Sun Mar 12, 2017 9:17 am
Forum: Investing - Theory, News & General
Topic: I have to share this quote
Replies: 32
Views: 4466

Re: I have to share this quote

This is a quote about gambling, but it perhaps it also applies to staying the course when the PEs are high: "I hope I break even, I can really use the money." -- averagefool, internet commenter. I know a lot of gamblers and they do come up with some peculiar notions. So are you taking pro...
by SGM
Sun Mar 12, 2017 9:08 am
Forum: Investing - Help with Personal Investments
Topic: 0.47% expense ratio - too high?
Replies: 24
Views: 2154

Re: 0.47% expense ratio - too high?

I have been hearing about the demise of fossil fuel since I started investing over 35 years ago. I would not veer from owning the total stock market. For me 0.47% fee to bet against fossil fuel is folly. There may be reasons to pay higher expense ratios, but that is not one I would bet on. If altern...
by SGM
Sat Mar 11, 2017 9:37 am
Forum: Investing - Theory, News & General
Topic: Anyone sorry they used bonds when starting out
Replies: 94
Views: 6694

Re: Anyone sorry they used bonds when starting out

I was 100% in stocks for many years. I have no regrets. When the market was down I continued to purchase stock. I did not invest in the dot.com stocks. I bought numerous large and mid cap companies through DRIPs. Of course there where winners and losers, which is to be expected. Bill Bernstein at th...
by SGM
Sat Mar 11, 2017 5:29 am
Forum: Personal Finance (Not Investing)
Topic: How Much in Your Emergency Fund And Is It Used?
Replies: 176
Views: 14730

Re: How Much in Your Emergency Fund And Is It Used?

I have never had an emergency fund as I prefer to stay fully invested once I completed my first graduate degree. Prior to completing that degree I had two unplanned emergencies covered by my parents. I paid them back both times. Since then there have been large purchases that were paid for directly ...
by SGM
Fri Mar 10, 2017 4:57 am
Forum: Investing - Theory, News & General
Topic: On Buying Used Cars and Using a Financial Advisor
Replies: 51
Views: 3425

Re: On Buying Used Cars and Using a Financial Advisor

Additional 1 % yearly costs would be a large sum that would be coming directly out of my retirement withdrawals. If I look at expenses vs. dividend and interest income the expenses would be more than a third of current levels of dividends. If I look at portfolio expenses in terms of total returns th...
by SGM
Thu Mar 09, 2017 2:37 am
Forum: Investing - Theory, News & General
Topic: Sitting on cash....Waiting for a crash
Replies: 129
Views: 17166

Re: Sitting on cash....Waiting for a crash

Staying out of the market is a sure way to miss the updrafts. My advice is to stay invested in the market. DW is not very interested in investing, but she has found it incredulous that a supposedly well educated individual told all the fellow volunteers recently that she put everything in her 401k i...
by SGM
Wed Mar 08, 2017 10:55 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA cash out
Replies: 9
Views: 779

Re: Roth IRA cash out

You won't be taxed on any of your Roth withdrawal since you have had it over 5 years. Roth space is valuable, so why are you taking money out of a Roth before taking it out of a traditional IRA? There may be a good reason, but generally it is better to hold on to the Roth and let it grow tax free. T...
by SGM
Wed Mar 08, 2017 5:18 am
Forum: Personal Finance (Not Investing)
Topic: Have Fidelity account- adding Vanguard 3 fund plan- stay at Fidel
Replies: 35
Views: 2045

Re: Have Fidelity account- adding Vanguard 3 fund plan- stay at Fidel

I prefer muni bond funds to individual munis. It sounds like you could buy some total bond in taxable without having serious tax consequences. I think I have talked with your advisor about the safety of munis vs. treasuries at a conference. Certainly munis are not as safe as treasuries from default,...
by SGM
Tue Mar 07, 2017 4:38 am
Forum: Investing - Help with Personal Investments
Topic: how often do you shrug at your IPS? [Investment policy statement]
Replies: 50
Views: 3692

Re: how often do you shrug at your IPS?

I don't look at my IPS, because it is internalized. I have not had an emergency fund as I am willing to sell assets to cover emergencies. I have followed through on strategies regarding SS delay, spousal benefits and Roth conversions. I have cut back ownership of individual stocks considerably and a...
by SGM
Mon Mar 06, 2017 9:32 am
Forum: Personal Consumer Issues
Topic: How often do you discuss finances and spending with your spouse?
Replies: 60
Views: 3291

Re: How often do you discuss finances and spending with your spouse?

We are retired. DW is not so interested in the details of finances. She tends to spend more than I do, but for good reason. We joke about "compensatory cash flow" and a "fun fund," and maybe buying another house to put her new purchases. We get a good laugh over silly financial e...
by SGM
Sun Mar 05, 2017 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Worth It Or Not? [to Retire]
Replies: 21
Views: 2491

Re: Worth It Or Not? [to Retire]

$2000 a year increase in a cola pension for a few months work seems worthwhile. You will also be saving some of that income for the few extra months of additional work and maybe adding to a deferred tax or Roth 401k or IRA.
by SGM
Sun Mar 05, 2017 5:33 pm
Forum: Investing - Help with Personal Investments
Topic: Poll: For those 20 yrs away from retirement, what is your current asset allocation and future changes?
Replies: 33
Views: 1821

Re: Poll: For those 20 yrs away from retirement, what is your current asset allocation and future changes?

20 years prior to retirement I was 100% in stock. I kept on buying every month regardless of market levels. You want the market to be low when you are accumulating stock. I wouldn't change anything if I had it to do over again.
by SGM
Sat Mar 04, 2017 9:12 am
Forum: Investing - Help with Personal Investments
Topic: Maximizing and Utilizing Dividends during Retirement Years
Replies: 52
Views: 2494

Re: Maximizing and Utilizing Dividends during Retirement Years

I have a total return philosophy, but I find I am mostly spending or redirecting dividends out of convenience in retirement. Dividends are just another income stream practically speaking. I get that the price of the stock goes down when the dividend is paid. I don't want to maximize my dividends as ...
by SGM
Thu Mar 02, 2017 6:38 pm
Forum: Investing - Theory, News & General
Topic: Paul Kangas passed away
Replies: 23
Views: 3552

Re: Paul Kangas passed awayB

SeeMoe wrote:Paul and Louis Reukyser of PBS were directly responsible for us beginning our investment programs back in the early 1980's. Both are missed very much.


Both of these gentlemen were quite influential and there shows had an entertainment and educational component.
by SGM
Thu Mar 02, 2017 3:50 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Lousy Customer Service
Replies: 84
Views: 5832

Re: Vanguard Lousy Customer Service

One of my children refuses to talk to Vanguard because of feeling humiliated during a prior phone call to Vanguard one or two years ago. I have had to add my name to my child's account to get information since a statement to the address of record has not been received from Vanguard. I found that a F...
by SGM
Tue Feb 28, 2017 7:05 pm
Forum: Investing - Theory, News & General
Topic: Compounding under the microscope.
Replies: 89
Views: 6850

Re: Compounding under the microscope.

The individual investor needs to understand compounding of interest on savings and credit card debt. It has been proposed that the lack of understanding of compounding is why so many people are in trouble regarding their lack of savings and investments for retirement. I have no problem with the expr...
by SGM
Mon Feb 27, 2017 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Why not to do ROTH Conversion
Replies: 29
Views: 2925

Re: Why not to do ROTH Conversion

All I have seen many posts on the forum on the benefits of doing a Roth conversion but I haven't seen much about when it isn't a good idea. Ran across this article which seems to make a lot of sense to me. http://www.bankrate.com/finance/retirement/does-a-roth-conversion-always-make-sense-1.aspx In...
by SGM
Mon Feb 27, 2017 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Tips for handling uncertainty by Bill McNabb
Replies: 2
Views: 565

Re: Tips for handling uncertainty by Bill McNabb

I remember the look on Louis Rukeyser's face in 1987. He had an entertaining show. I think it was Marty Zweig who was always ringing his hand about the markets and made us laugh. I was actually scolded by a friend for laughing at Marty's antics because the friend was investing through Zweig. The fri...

Go to advanced search