Search found 9995 matches

by The Wizard
Fri Jun 23, 2017 8:40 pm
Forum: Investing - Theory, News & General
Topic: Can you share some of your financial goals?
Replies: 23
Views: 1265

Re: Can you share some of your financial goals?

In retirement now, my financial goals are to have both my income and my portfolio increase a bit each year.
This may seem a bit perverse and/or contrary, but thus far it's worked out ok.
But thus far, we've not had a stock market crash, so I've not experienced the full range of possibilities...
by The Wizard
Fri Jun 23, 2017 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Thinking about the death thing for taking SS
Replies: 17
Views: 1206

Re: Thinking about the death thing for taking SS

delamer wrote:Is the "take her own benefit at 66 and convert to spousal at 70" still an available strategy? For some reason, I have trouble keeping the new SS rules in my head.

Yes it is, assuming DH hasn't filed yet.
Once DH files, she will receive the higher of her own and the spousal benefit...
by The Wizard
Fri Jun 23, 2017 11:19 am
Forum: Personal Consumer Issues
Topic: Bogleheads: Please help me pick a new car
Replies: 57
Views: 2683

Re: Bogleheads: Please help me pick a new car

I'd tend to recommend a 2018 Mustang, with 10-speed transmission and the Ecoboost engine, not the V-8. Order it with all the modern safety gizmos.
Your choice whether to go hardtop or convertible...
by The Wizard
Fri Jun 23, 2017 7:50 am
Forum: Investing - Help with Personal Investments
Topic: ROTH conversion
Replies: 12
Views: 974

Re: ROTH conversion

...I am not sure the future Medicare premium changes for higher earners has been published yet for 2018. The monthly dollar amounts haven't been announced yet, but the revised tiers based on 2016 income have. Upper tiers have been lowered so that more higher income retirees will be in higher IRMAA ...
by The Wizard
Thu Jun 22, 2017 8:26 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional or G Fund
Replies: 10
Views: 422

Re: TIAA Traditional or G Fund

Sorry, I should have mentioned that this rollover is considerably more than we need per year to supplement expenses. Plan is to start converting the surplus to a ROTH or withdraw from the IRA to taxable funds used for emergencies and play money in the future. Trying to avoid the social security tax...
by The Wizard
Thu Jun 22, 2017 8:24 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional or G Fund
Replies: 10
Views: 422

Re: TIAA Traditional or G Fund

That makes no sense at all to me. Only take money out when you need to spend it. The Ally CDs pay less than what you are getting and are less liquid. So leave the money alone until the month you need to spend it, then withdraw some that month much like a paycheck. Right. I have a Systematic Withdra...
by The Wizard
Thu Jun 22, 2017 5:12 pm
Forum: Investing - Help with Personal Investments
Topic: ROTH conversion
Replies: 12
Views: 974

Re: ROTH conversion

Convert enough in the years prior to RMDs to keep your income (AGI) approximately level, increasing maybe 3% to 5% per year, including the year RMDs start...
by The Wizard
Thu Jun 22, 2017 8:49 am
Forum: Investing - Theory, News & General
Topic: Does TIAA violate ERISA when administering 403b loans?
Replies: 6
Views: 301

Re: Does TIAA violate ERISA when administering 403b loans?

I had two loans from my GSRA with them in years gone by, both paid off rather quickly.
I don't recall anything about interest being credited back to the borrower.
I suspect there must be a misunderstanding on this. If you can post a link to the TIAA site that explains this, I'll read it...
by The Wizard
Thu Jun 22, 2017 8:42 am
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2017!
Replies: 160
Views: 17926

Re: Roll Call for the Retirement Class of 2017!

The problem with all the extensive financial planning I have done in the past few months is it shows the benefit of delaying retirement by each additional month even without additional savings contributions(which would only increase the benefit). So while I no longer feel like I am in a One More Ye...
by The Wizard
Wed Jun 21, 2017 2:37 pm
Forum: Investing - Theory, News & General
Topic: Closet Index fund?
Replies: 31
Views: 1556

Re: Closet Index fund?

Russell Investments Tax-Managed U.S. Large Cap Fund Class S RETSX I am going to take it out and put it in an index fund. It only has about 5k in capital gains. I was curious to find out if the fund was actually active as opposed to just tracking the index. Any benefits to the "Tax-Managed"...
by The Wizard
Wed Jun 21, 2017 1:35 pm
Forum: Investing - Theory, News & General
Topic: Vanguard invite - transition to a Brokerage Acct
Replies: 31
Views: 1325

Re: Vanguard invite - transition to a Brokerage Acct

. . .After I log into my account, I just enter "brokerage upgrade" in the search box. When I click on the search results, it prompts me to go through the upgrade process. It certainly is a lower profile than the previous upgrade button. We currently have only mutual fund accounts, and I'd...
by The Wizard
Wed Jun 21, 2017 8:13 am
Forum: Investing - Theory, News & General
Topic: TREA/TIAA Real Estate - is investing without planning to "market time" ok?
Replies: 79
Views: 3751

Re: TREA/TIAA Real Estate - is investing without planning to "market time" ok?

...I read it that the advisor has no understanding of the question. It's not in TIAA's interest to explain to its advisors that there is a structural flaw in the fund... I'm pretty sure it's more than that. I dare say TIAA advisors have been INSTRUCTED by the home office not to engage clients in ma...
by The Wizard
Tue Jun 20, 2017 4:55 pm
Forum: Investing - Theory, News & General
Topic: Reporter doing story on delaying sales of assets because of possible lower tax rates
Replies: 8
Views: 694

Re: Reporter doing story on delaying sales of assets because of possible lower tax rates

This doesn't apply to me, but is this with respect to (1) potential changes in tax code or (2) personal taxable income being lower later (e.g. a lower tax year between jobs or after some other change in personal circumstance)? Or either? Clearly it's (1). Not something we can discuss here, but the ...
by The Wizard
Tue Jun 20, 2017 3:43 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion Tax Payments
Replies: 8
Views: 717

Re: Roth Conversion Tax Payments

In my case, I do a $1500 Roth conversion each month and have taxes withheld to cover it from other monthly income. I will sit down in December, look at my numbers, and probably do an additional lump conversion of $10k to $20k. I will then send in 28% estimated tax on that conversion before January 1...
by The Wizard
Tue Jun 20, 2017 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion Tax Payments
Replies: 8
Views: 717

Re: Roth Conversion Tax Payments

Can the tax payments for the RMD be spread over 4 quarters if the total RMD is distributed to the checking account in January? You get a break if you pay in 4 equal"quarterly" payments . IRS assumes your income was also in equal "quarterly" payments. You should be thinking, howe...
by The Wizard
Tue Jun 20, 2017 1:27 pm
Forum: Investing - Theory, News & General
Topic: What do BH think of this formula for an early retiree?
Replies: 24
Views: 2454

Re: What do BH think of this formula for an early retiree?

OP appears to be Setting Aside funds needed for expenses prior to FRA. These funds go into fixed income, either bonds or CDs. I don't particularly like this approach and it's not what I'm doing. I retired at 63 with seven years to span before SS at 70. I annuitized a portion of my accumulation at th...
by The Wizard
Tue Jun 20, 2017 8:05 am
Forum: Investing - Help with Personal Investments
Topic: Review Requested:[Revised] Proposed Allocations in Prep for Retirement
Replies: 24
Views: 1609

Re: Review Requested: Proposed Allocations in Prep for Retirement

...I will be into the 28% bracket and do expect to pay about $260/month (combined) additional. It seems a reasonable price to pay for getting funds into the Roth and avoiding much larger taxes once RMDs begin. It is still less than what I have to pay for medical before 65 so it feels like a bargain...
by The Wizard
Tue Jun 20, 2017 4:25 am
Forum: Investing - Help with Personal Investments
Topic: Review Requested:[Revised] Proposed Allocations in Prep for Retirement
Replies: 24
Views: 1609

Re: Review Requested: Proposed Allocations in Prep for Retirement

Put together a spreadsheet projecting your taxable income each year through age 72 or so. The one I put together projects my AGI which is fine for my purposes. An IRA/401k balance of $5M at age 70.5 will have an RMD of $182,500 the first year. With $60,000 of SS, your AGI would be around $233,000. A...
by The Wizard
Tue Jun 20, 2017 3:55 am
Forum: Investing - Help with Personal Investments
Topic: Collecting Dividends, Waiting for Market Drop?
Replies: 25
Views: 1839

Re: Collecting Dividends, Waiting for Market Drop?

You should not generally be automatically reinvesting dividends in a taxable account regardless. If stocks are high, then good chance your AA has shifted and needs a bit of derisking. So use dividends along with new $$ to buy more of your bond fund. When stocks are low eventually, use dividends from...
by The Wizard
Tue Jun 20, 2017 3:46 am
Forum: Personal Consumer Issues
Topic: is luxury car a smarter purchase?
Replies: 101
Views: 5633

Re: is luxury car a smarter purchase?

Today, buying any car other than a self-driving car(Tesla?) is not a smart purchase. There is a revolution coming in the automobile world. Few more years, and all current car ownerships and insurance models will be history. We are living in the last years of manual driving. According to Volvo, no a...
by The Wizard
Tue Jun 20, 2017 3:13 am
Forum: Investing - Help with Personal Investments
Topic: Help with TIAA-CREF Investment Options
Replies: 6
Views: 457

Re: Help with TIAA-CREF Investment Options

I have five accumulation-phase contracts with TIAA, three GRAs and two GSRAs. I used to have more but I annuitized those, for lifetime income. Log onto your TIAA account and select the Daily Statement option and print that from the new window that opens. This shows all of your holdings in a convenie...
by The Wizard
Mon Jun 19, 2017 10:30 am
Forum: Investing - Help with Personal Investments
Topic: Placement of TIAA Traditional and S&P 500
Replies: 7
Views: 502

Re: Placement of TIAA Traditional and S&P 500

...Certainly it makes no sense to use CDs or MMFs for long term investing while liquid Traditional is paying 3.25%. For benefit of others, we should be clear that TIAA Traditional is only available in tax deferred accounts. So if you're saving on an after-tax basis for whatever reason, CDs may be a...
by The Wizard
Mon Jun 19, 2017 8:38 am
Forum: Personal Consumer Issues
Topic: NFC (near field communication) desirability
Replies: 22
Views: 1882

Re: NFC (near field communication) desirability

How does Android Pay work on your NFC enabled smartphone? I've not set it up yet. Does it link directly to your checking account, like a debit card? Edit: never mind, I uh....googled my own question and got my answers. :) I'll set up Android Pay later today. With fingerprint authentication, I should...
by The Wizard
Mon Jun 19, 2017 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Credit for Retirees
Replies: 16
Views: 1610

Re: Credit for Retirees

A lot of my retirement income comes in the form of taxable income via 1099-Rs. So I would have no trouble showing evidence of sufficient income if needed. But folks with large taxable accounts and modest tax deferred accounts could have a problem if the bulk of their income doesn't show up on their ...
by The Wizard
Mon Jun 19, 2017 7:33 am
Forum: Investing - Help with Personal Investments
Topic: Placement of TIAA Traditional and S&P 500
Replies: 7
Views: 502

Re: Placement of TIAA Traditional and S&P 500

Answer depends considerably on the complete mix of funds available to you in your TIAA tax deferred plan. For instance, I have some $$ in their institutional S&P 500 index fund, TISPX, with an ER of just 0.05%. Answer also depends on available funds to invest. If you are maxing out tax deferred ...
by The Wizard
Sun Jun 18, 2017 8:47 pm
Forum: Personal Consumer Issues
Topic: Anyone use "MyPillow" pillows?
Replies: 51
Views: 6138

Re: Anyone use "MyPillow" pillows?

No. They constantly run commercials everywhere and they annoy me. I think more is spent on advertising than the pillows themselves. I have no idea what a My Pillow costs since the freaking ads on TV don't say. But as long as it's under $10, I might, emphasize MIGHT, be willing to try one. But I cha...
by The Wizard
Sun Jun 18, 2017 8:35 pm
Forum: Investing - Help with Personal Investments
Topic: What Is The Right Amount For An Emergency Fund?
Replies: 27
Views: 2432

Re: What Is The Right Amount For An Emergency Fund?

Back when I was married and worked for a living, we had no emergency fund. Nothing too significant anyway.
My wife at the time had a job in a different field than I and we figured things would work out.
They did, except for the marriage.
Your mileage may vary...
by The Wizard
Sun Jun 18, 2017 8:16 pm
Forum: Investing - Theory, News & General
Topic: Best Financial Advice from Dad (in honor of father's day)
Replies: 79
Views: 4720

Re: Best Financial Advice from Dad (in honor of father's day)

My dad was born in 1921 and went through the Great Depression as a (pre) teenager and then through WW2 in Europe.
He was not a great financial expert but had the attitude that if something was important we'll find a way to make it happen.
He passed away in 1994 and I still miss him...
:(
by The Wizard
Sun Jun 18, 2017 11:43 am
Forum: Personal Consumer Issues
Topic: Should I get a second vehicle?
Replies: 5
Views: 473

Re: Should I get a second vehicle?

I'm retired now but I've had two vehicles as a single person going back to the mid 1990s. And for a while now, I've had a Mustang convertible and a pickup truck. I use the pickup for trucky things and the Mustang for almost everything else. My 2004 Ford Ranger started to rust and crumble a while bac...
by The Wizard
Sat Jun 17, 2017 1:58 am
Forum: Personal Consumer Issues
Topic: Is anyone using Android Auto/Apple Carplay as their NAVI?
Replies: 5
Views: 509

Re: Is anyone using Android Auto/Apple Carplay as their NAVI?

My newish F150 has navigation on the 8" screen but I seldom use it.
I prefer Google Maps on my smartphone...
by The Wizard
Fri Jun 16, 2017 5:28 pm
Forum: Personal Consumer Issues
Topic: Cataracts & reading glasses
Replies: 31
Views: 2099

Re: Cataracts & reading glasses

I had one eye done for distance and one for intermediate. I'm extremely happy with how it turned out. I only need glasses for very small print. I hate to give medical advice here, but I did similar. A near eye and a far eye, with some overlap. No glasses and read the forum on my 5" smartphone ...
by The Wizard
Fri Jun 16, 2017 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Returning down payment to 403(b)
Replies: 13
Views: 729

Re: Returning down payment to 403(b)

I've had a 403(b) for over 40 years and am reasonably sure you cannot put "ordinary" money back into it after doing a withdrawal.
You basically have a taxable withdrawal for the year you did this...
by The Wizard
Fri Jun 16, 2017 11:41 am
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional Annuity - New 401a/403b option
Replies: 5
Views: 388

Re: TIAA Traditional Annuity - New 401a/403b option

Yes to replacing a bond fund. You'll need the liquid version to rebalance into stocks when the next crash comes. Yes also to the 3.5% question for today's contribution. As time goes on, TIAA tends to bunch vintages into multi-year spans as you see with 06 to 09. But the rates on older vintages tend ...
by The Wizard
Fri Jun 16, 2017 10:50 am
Forum: Investing - Help with Personal Investments
Topic: TIAA traditional - what is it?
Replies: 16
Views: 903

Re: TIAA traditional - what is it?

Here's a reasonably detailed FAQ file on Trad: https://www.tiaa.org/public/pdf/TT_FAQ.pdf I use both types of Trad when rebalancing out of stocks lately. I may likely annuitize another portion of my TIAA accumulation in 2019 prior to my RMDs starting the next year. A good portion of that sum would ...
by The Wizard
Fri Jun 16, 2017 8:11 am
Forum: Investing - Help with Personal Investments
Topic: TIAA traditional - what is it?
Replies: 16
Views: 903

Re: TIAA traditional - what is it?

Here's a reasonably detailed FAQ file on Trad: https://www.tiaa.org/public/pdf/TT_FAQ.pdf I use both types of Trad when rebalancing out of stocks lately. I may likely annuitize another portion of my TIAA accumulation in 2019 prior to my RMDs starting the next year. A good portion of that sum would b...
by The Wizard
Fri Jun 16, 2017 4:07 am
Forum: Investing - Theory, News & General
Topic: Anyone else gotten totally bored with investing?
Replies: 88
Views: 7087

Re: Anyone else gotten totally bored with investing?

OP hasn't retired yet, so is just in the calm before the storm. Start worrying about what your DESIRED income in retirement will be and how you will assemble the cashflow. Will you be a bucketeer in retirement? What will your Roth conversion strategy be? Will you be annuitizing a portion of your ass...
by The Wizard
Fri Jun 16, 2017 3:29 am
Forum: Investing - Theory, News & General
Topic: [Wiki] - Percentage Gain and Loss (for new investors)
Replies: 115
Views: 5800

Re: [Wiki] - Percentage Gain and Loss (for new investors)

Here is the math. (a/b)*(b/a) = 1 Now the wiki page just needs to explain how knowing this can help one be a better investor. Ron I'm not sure this particular page can help much in that regard. My main complaint in that simplistic math like this is implying that it's somehow "harder" for ...
by The Wizard
Fri Jun 16, 2017 3:00 am
Forum: Investing - Help with Personal Investments
Topic: parked in cash x 3 years,just retired, what to do?
Replies: 8
Views: 1477

Re: parked in cash x 3 years,just retired, what to do?

I don't understand how the family caregiving issue impacted your retirement savings and how you ended up all in cash.
I tend to recommend a single balanced fund in this situation, but would be good to understand your investing psychology to avoid further damage to your portfolio...
by The Wizard
Fri Jun 16, 2017 2:23 am
Forum: Investing - Help with Personal Investments
Topic: Is my pension a Fixed asset?
Replies: 22
Views: 1350

Re: Is my pension a Fixed asset?

OP is 31. As you approach Financial Independence and retirement in a few decades, you need to determine your desired income, say $10,000 per month, and decide where that's going to come from. If it all came from a 4% withdrawal from portfolio, you'd need $3M. But if your pension + SS give you $7000 ...
by The Wizard
Thu Jun 15, 2017 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Walk me through a backdoor Roth?
Replies: 42
Views: 1813

Re: Walk me through a backdoor Roth?

We should note that anyone with enough earned income can do a backdoor Roth contribution, even if their income is well under the limit and they could just contribute directly to the Roth. Specifically, if you're in the phase out zone, it's likely simpler to do a full backdoor Roth rather than part ...
by The Wizard
Thu Jun 15, 2017 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Walk me through a backdoor Roth?
Replies: 42
Views: 1813

Re: Walk me through a backdoor Roth?

We should note that anyone with enough earned income can do a backdoor Roth contribution, even if their income is well under the limit and they could just contribute directly to the Roth. Specifically, if you're in the phase out zone, it's likely simpler to do a full backdoor Roth rather than part d...
by The Wizard
Thu Jun 15, 2017 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Walk me through a backdoor Roth?
Replies: 42
Views: 1813

Re: Walk me through a backdoor Roth?

If you qualify for deductibility (but don't need it) you don't need a backdoor Roth IRA You just need a Roth IRA. Possibly not quite true. My combined retirement income + part-time earned income was over the phase out limit in 2016, so I did the aforementioned backdoor Roth of $6500. But I had no r...
by The Wizard
Thu Jun 15, 2017 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Walk me through a backdoor Roth?
Replies: 42
Views: 1813

Re: Walk me through a backdoor Roth?

Is that correct? Are there any prohibitive factors stopping me from doing this on a monthly basis? It sounds this is usually done on a lumpsum, one-off basis, but I don't know why. Are there any monetary limits? [No limits, but no reason to do this monthly. That seems like unnecessary work. If you ...
by The Wizard
Thu Jun 15, 2017 7:07 am
Forum: Investing - Theory, News & General
Topic: What growth rate for your projection calcs?
Replies: 31
Views: 2491

Re: What growth rate for your projection calcs?

Not applicable. Retired. Your question has no conditions or limitations. Liability Match Portfolio or Funded Ratio >1.1 or Liability Driven of any two buckets listed in the signature line below. Any projections are for the Discretionary Accts which can consist of anything. YMMV Actually, it is appl...
by The Wizard
Wed Jun 14, 2017 1:02 pm
Forum: Personal Consumer Issues
Topic: mom wants to buy iPhone, questions
Replies: 14
Views: 883

Re: mom wants to buy iPhone, questions

How old is the OP's mom and why is she not able to handle these details herself?
For reference, I'm a young lad age 67 and fully able to deal with this stuff, having dealt with my smartphone dying back in May...
by The Wizard
Tue Jun 13, 2017 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: Another one of those "We are at the peak, crash is coming, how do I invest?" posts!
Replies: 75
Views: 5272

Re: Another one of those "We are at the peak, crash is coming, how do I invest?" posts!

InvestorNewb wrote:If they are so confident why are they not shorting the market with their life savings? I rest my case.

They might indeed be doing that!
How do we find out?
by The Wizard
Tue Jun 13, 2017 1:02 pm
Forum: Investing - Theory, News & General
Topic: [Wiki] - Percentage Gain and Loss (for new investors)
Replies: 115
Views: 5800

Re: [Wiki] - Percentage Gain and Loss (for new investors)

...But, this is usually true because 'the market tends to decline like an elevator and climb like the stairs.' Can this be the nature of risk aversion in risky assets? In any account, it's not the inherent math at all that describes this market phenominom, it is the market at work valuing the asset...
by The Wizard
Tue Jun 13, 2017 9:19 am
Forum: Personal Finance (Not Investing)
Topic: medicare premium amount
Replies: 37
Views: 2201

Re: medicare premium amount

To elaborate a bit more on Medicare IRMAA tier adjustment for "inflation", yes there will be a change in 2020 but I'd be surprised if the $85,000 amount is raised by anything close to what one might compute for cumulative inflation. We'll see. Meanwhile, they've gone in the opposite direct...
by The Wizard
Tue Jun 13, 2017 9:07 am
Forum: Investing - Theory, News & General
Topic: [Wiki] - Percentage Gain and Loss (for new investors)
Replies: 115
Views: 5800

Re: [Wiki] - Percentage Gain and Loss (for new investors)

When the market takes a large negative swing, recovery will take a longer time because the market needs a larger percentage increase to get back to the same point. Are you sure about that? Ron As Ron alludes to, if The Market fundamentally worked as some sort of percentage driven machine, like CDs ...

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