Search found 8749 matches

by The Wizard
Sat Jul 23, 2016 6:05 am
Forum: Investing - Theory, News & General
Topic: Are you feeling uncomfortable? [with your investments]
Replies: 38
Views: 3481

Re: Are you feeling uncomfortable? [with your investments]

I've got 3 stocks that have grown to become almost 20% of my equity position and that's starting to worry me. It should. I hope it makes you uncomfortable enough to diversify. What if one of them ends up being a Polariod? Polaroid was a fine stock in its day, right up there with Digital Equipment...
by The Wizard
Sat Jul 23, 2016 5:19 am
Forum: Personal Finance (Not Investing)
Topic: Daring to figure it out for myself -- To Roth or Not to Roth and defusing the RMD tax bomb
Replies: 8
Views: 1295

Re: Daring to figure it out for myself -- To Roth or Not to Roth and defusing the RMD tax bomb

Yes, contribute more to Roth accounts your final working years, not more to the tax deferred accounts. I'm in similar situation except just a small taxable account. I'm in low end of 28% bracket in retirement, so doing small Roth conversions, not large ones, before RMDs start in 2020. Also need to k...
by The Wizard
Fri Jul 22, 2016 6:08 pm
Forum: Investing - Help with Personal Investments
Topic: Dump $5500 to Roth IRA on Day 1 of every year or split contribution to 12 months?
Replies: 32
Views: 2768

Re: Dump $5500 to Roth IRA on Day 1 of every year or split contribution to 12 months?

If I was wealthy back in my full-time working years, I'd probably get it all done in January, yes. It's only $6500 for older folks, not a large amount. And you can always do a back door Roth contribution if you may possibly exceed the income limits. Nothing lost if you don't exceed the limit some ye...
by The Wizard
Fri Jul 22, 2016 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Financial light at the end of a dark tunnel
Replies: 7
Views: 993

Re: Financial light at the end of a dark tunnel

delamer wrote:Good for your parents on making such progress.

But I don't understand this:

"By my figures, they will need $3,600, give or take, in retirement to be ok."

Is this savings, monthly, yearly, or something else? Is there a zero missing?

Maybe it's $3600 a month, in addition to SS?
by The Wizard
Tue Jul 19, 2016 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement for Women(?)
Replies: 24
Views: 1736

Re: Retirement for Women(?)

Whether women earn less than men on average or in specific jobs really has little to do with this topic. If someone has been earning $75,000 a year and saving appropriately for retirement, then things should be fine. The fact that someone else, of unspecified gender, is earning $150,000 a year in th...
by The Wizard
Sun Jul 17, 2016 4:17 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional Annuity as sole fixed income component
Replies: 66
Views: 5147

Re: TIAA Traditional Annuity as sole fixed income component

OK, so this thread reaffirms my irrational and free-floating fear of TIAA Traditional . Ever since a phone rep told me I could convert my account to all TIAA Trad and back with no repercussions whatsoever, and only after I later learned that it would, instead, be locked up for 10 years or so, I've ...
by The Wizard
Sat Jul 16, 2016 4:15 pm
Forum: Personal Consumer Issues
Topic: When traveling what do you use to bank online safely
Replies: 44
Views: 2402

Re: When traveling what do you use to bank online safely

I do practically all transactions when at home using my 5" Android smartphone.
Hence, when I'm on the road, domestically or internationally, I do the same.
There's never been a problem...
by The Wizard
Sat Jul 16, 2016 9:16 am
Forum: Investing - Help with Personal Investments
Topic: Have questions about RMD
Replies: 13
Views: 936

Re: Have questions about RMD

...Roth conversions up to bracket limits prior to RMDs, if manageable, still make sense to me. Does this make sense to anyone else or am I overthinking it? This TAKES some over thinking to get it right. I'm in the low end of the 28% bracket and too high of a Roth conversion amount will bump me into...
by The Wizard
Sat Jul 16, 2016 7:26 am
Forum: Investing - Help with Personal Investments
Topic: Have questions about RMD
Replies: 13
Views: 936

Re: Have questions about RMD

RMDs are kinda close to a 4% SWR on average for the first decade. So for some folks , it's a seamless transition from their late 60s strategy. But for many of us, advance planning and Roth conversions can help temper the increase in taxable income, and resulting taxes, that will occur at age 70+ wit...
by The Wizard
Fri Jul 15, 2016 10:04 am
Forum: Forum Issues and Administration
Topic: Problem with cell phone + this website
Replies: 30
Views: 2026

Re: Problem with cell phone + this website

I have the same issue on my android device and chrome browser. The settings allow both first party and third party cookies. The login info is stored, so I don't have to re-enter it, but it's irritating that I have to go to the login page every time there's a new session. Conversely, I have zero pro...
by The Wizard
Thu Jul 14, 2016 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: When to file for bankruptcy, if at all?
Replies: 22
Views: 1453

Re: When to file for bankruptcy, if at all?

The close friend needs to speak with an attorney, not deal with second hand info from an internet forum.

Now if the OP him/herself was in this situation, I'd be more inclined to pursue a dialog of recommendations...
by The Wizard
Mon Jul 11, 2016 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Can we start another forum section? [Taxation of Social Security benefits]
Replies: 60
Views: 4388

Re: Can we start another forum section? [Taxation of Social Security benefits]

Dutch wrote:Instead of a separate forum section, I propose we limit discussion on this topic to Wednesdays only.

Hump-day, yes...
by The Wizard
Mon Jul 11, 2016 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Can we start another forum section? [Taxation of Social Security benefits]
Replies: 60
Views: 4388

Re: Can we start another forum section? [Taxation of Social Security benefits]

itstoomuch wrote:How do you manage the Hump?

It's possible that the Hump manages you?

I would just wait till December 10th each year to run tax software iterations and decide how much additional taxable income to incur that year.
This would include Roth conversions and Capital Gains on taxable account sales...
by The Wizard
Mon Jul 11, 2016 9:38 am
Forum: Investing - Help with Personal Investments
Topic: TIAA- Traditional (which one?) vs Bond Market
Replies: 7
Views: 536

Re: TIAA- Traditional (which one?) vs Bond Market

At OP's age, put half of your Trad contrib into the RA restricted version; this will be handy in 30 years for lifetime income.
Put the othre half of Trad contribs into your GSRA/SRA. This can be used for rebalancing when needed...
by The Wizard
Sun Jul 10, 2016 12:09 pm
Forum: Personal Consumer Issues
Topic: Anyone Else Purchase a "Killer Jeep"?
Replies: 30
Views: 3679

Re: Anyone Else Purchase a "Killer Jeep"?

Shifting down on downhills is not merely an enthusiast practice but also a good safe driving technique. Yes, downshifting on long downhills is essential, especially when pulling a trailer. Brakes can overheat and give out on you, not a good thing. :( This is why a number of recent Ford vehicles hav...
by The Wizard
Sat Jul 09, 2016 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: SS benefit question
Replies: 26
Views: 1114

Re: SS benefit question

However, taking SS benefits early can permanently reduce the spouse's potential survivor benefit. I checked the SS website. It appears that his SS would be reduced by 30% if he retires at 62 ($1500 * .7 = $1050). Does this mean that her survivor benefit would be limited to $1050, regardless of his ...
by The Wizard
Sat Jul 09, 2016 8:15 pm
Forum: Investing - Help with Personal Investments
Topic: Strategy for conversion of $1.8 million IRA
Replies: 63
Views: 5861

Re: Strategy for conversion of $1.8 million IRA

Tax software, WB.
TaxCaster is the simplistic way.
Better way is to reopen your actual return from 2015 filing and try modifications.

But that's only for the present year. We can't project tax things five years from now too well...
by The Wizard
Sat Jul 09, 2016 9:53 am
Forum: Investing - Theory, News & General
Topic: "Why most retirees will never spend down their portfolio" by Michael Kitces
Replies: 89
Views: 10567

Re: "Why most retirees will never spend down their portfolio" by Michael Kitces

Squabbling is happening regarding SPIAs vs lifetime annuities. Most retirees should want lifetime annuities. Mine, begun at age 63, are lifetime with a ten year guarantee. A fixed term SPIA makes sense infrequently. A ten year term definite SPIA might work for an early retiree from age 60 to 70, whe...
by The Wizard
Fri Jul 08, 2016 5:12 pm
Forum: Personal Consumer Issues
Topic: Hiking questions
Replies: 154
Views: 7737

Re: Hiking questions

Only total hiking newbies wear hiking boots. Everyone else I know wears running type shoes. :confused Maybe. I have a pair of New Balance trail runners that I wear for short hikes and when I'm out in the woods logging. I'll need to get another pair soon. But for longer and multiday hikes, I prefer ...
by The Wizard
Fri Jul 08, 2016 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: How many "investment" accounts do you have?
Replies: 35
Views: 2580

Re: How many "investment" accounts do you have?

It looks like even those of us who are trying to "keep it simple" have a hard time doing so because we need all of these different accounts. I see no need to be obsessive about simplifying. Some things will self simplify as you get older, the kids exit college and you start Medicare. In m...
by The Wizard
Thu Jul 07, 2016 5:37 pm
Forum: Investing - Theory, News & General
Topic: "Why most retirees will never spend down their portfolio" by Michael Kitces
Replies: 89
Views: 10567

Re: "Why most retirees will never spend down their portfolio" by Michael Kitces

Is it really all that awful if somebody "fails" to spend every last cent and is "forced" to leave something to their kids or charity? :annoyed Not in my opinion. I suppose it depends who you ask. I have read here that some folks will feel that they have somehow "lost" ...
by The Wizard
Thu Jul 07, 2016 1:55 pm
Forum: Personal Consumer Issues
Topic: Hiking questions
Replies: 154
Views: 7737

Re: Hiking questions

You might want to join the AMC, depending on how you feel about groupiness vs solo hiking.
And you'll eventually want to get up north, VT, NH, ME.
That's where they keep the big uns...
by The Wizard
Thu Jul 07, 2016 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Quick Question: Tax % Decrease after Married?
Replies: 12
Views: 749

Re: Quick Question: Tax % Decrease after Married?

I'm not the best at taxes (we have a family accountant) but would really like to understand the status change and how it affected my paycheck...not complaining about getting more money per pay check haha. These questions are so much easier to answer if you do your own taxes with tax software. You j...
by The Wizard
Thu Jul 07, 2016 8:58 am
Forum: Personal Finance (Not Investing)
Topic: How many "investment" accounts do you have?
Replies: 35
Views: 2580

Re: How many "investment" accounts do you have?

I'm not sure I'd call my checking account an investment account. Nor would I call my Ally Bank high yield (ha ha) savings account one either. I'm not even sure why I still have this. I look more at how many fund companies I have accounts with. In my case the answer is TWO: TIAA and Vanguard. That's ...
by The Wizard
Thu Jul 07, 2016 8:36 am
Forum: Investing - Help with Personal Investments
Topic: Roth Convertion Question
Replies: 8
Views: 422

Re: Roth Convertion Question

I'm doing the same sort of thing, btw, putting $$ from part-time employment into my tIRA, a Vanguard stock fund. Once my contributions hit the $6500 old folks limit, I'll Roth convert the whole amount and hopefully have a small taxable gain in the process. But if another Brexit-like event comes alon...
by The Wizard
Thu Jul 07, 2016 8:00 am
Forum: Investing - Help with Personal Investments
Topic: paying IRA disabuation tax
Replies: 5
Views: 502

Re: paying IRA disabuation tax

It hardly matters, because as they say, money is fungible.
Do whatever is most convenient.

Now if your goal was to convert 100% of your tIRA to Roth IRA, then yes, pay all taxes with $$ not from your IRA.
But this doesn't seem to be the OP's goal, nor is it mine...
by The Wizard
Thu Jul 07, 2016 7:57 am
Forum: Personal Consumer Issues
Topic: Anyone Else Purchase a "Killer Jeep"?
Replies: 30
Views: 3679

Re: Anyone Else Purchase a "Killer Jeep"?

Shifting down on downhills is not merely an enthusiast practice but also a good safe driving technique. Yes, downshifting on long downhills is essential, especially when pulling a trailer. Brakes can overheat and give out on you, not a good thing. :( This is why a number of recent Ford vehicles hav...
by The Wizard
Sun Jul 03, 2016 8:38 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Real Estate vs. Vanguard REITS
Replies: 26
Views: 2048

Re: TIAA Real Estate vs. Vanguard REITS

I much prefer TIAA to reits. That aside, annuitizing real Estate fund would be the next best choice to traditional because of the low volatility and would actually offer opty for growth Yes, indeed The majority of my TIAA payout phase annuities are in TREA, adjusted monthly. I have lesser amounts a...
by The Wizard
Thu Jun 30, 2016 7:20 pm
Forum: Investing - Help with Personal Investments
Topic: Do you have to pay taxes when you sell your assets in your 401k account?
Replies: 10
Views: 923

Re: Do you have to pay taxes when you sell your assets in your 401k account?

Toons wrote:401(k) withdrawals are taxed like ordinary income
The amount depends on your tax bracket. :happy
No cost basis necessary.

Normal income for the entire withdrawn amount, yes...
by The Wizard
Wed Jun 29, 2016 8:42 am
Forum: Personal Consumer Issues
Topic: Bogleheads, have we "arrived" ?
Replies: 70
Views: 5717

Re: Bogleheads, have we "arrived" ?

What's the old saying... If you have to ask,...... :happy Aside from slightly misleading topic line, the OP is actually asking if he/she has missed anything putting their financial house in order. I don't see any major holes; they seem to have done a good job. There is missing information which wil...
by The Wizard
Wed Jun 29, 2016 8:07 am
Forum: Investing - Help with Personal Investments
Topic: Help me retire early! Ongoing Thread
Replies: 27
Views: 3068

Re: Help me retire early! Ongoing Thread

I'm surprised nobody has mentioned ditching Edward Jones yet. I would. My thought exactly. Lose Edward Jones ASAP. Yes, I would get moving with this over the next month, moving those IRAs to Vanguard most likely. As to your bigger Q on when can you retire, I'd say it's a bit early to be too precise...
by The Wizard
Wed Jun 29, 2016 7:21 am
Forum: Personal Consumer Issues
Topic: Can this roast beef be saved?
Replies: 22
Views: 1671

Re: Can this roast beef be saved?

What OP is describing is the proper method for making pulled pork, where one wraps a large chunk of pork+seasonings in two layers of foil and cooks multiple hours on low. But the key step is your meat thermometer telling you 195 to 200 degrees in the center. Same method might work with beef, but rem...
by The Wizard
Wed Jun 29, 2016 7:12 am
Forum: Personal Consumer Issues
Topic: Can this roast beef be saved?
Replies: 22
Views: 1671

Re: Can this roast beef be saved?

That would be a slow cooker pot roast if starting anew.
I would save it by cutting into several slabs as mentioned above and slow cooking (simmering) in several cups of beef broth for a few hours, with veggies ideally...
by The Wizard
Wed Jun 29, 2016 7:07 am
Forum: Personal Consumer Issues
Topic: Bogleheads, have we "arrived" ?
Replies: 70
Views: 5717

Re: Bogleheads, have we "arrived" ?

gvsucavie03 wrote:6 month EF sounds low at your level. I'd want a year going into retirement with some in a CD ladder, MMA's, etc.

Not sure I agree.
Main emergency is job loss and retiring makes that moot.
You're not a closet bucketeer, are you?
by The Wizard
Wed Jun 29, 2016 7:04 am
Forum: Personal Consumer Issues
Topic: Bogleheads, have we "arrived" ?
Replies: 70
Views: 5717

Re: Bogleheads, have we "arrived" ?

AlohaJoe wrote:If you do credit card promos or have life insurance, then you have not yet arrived.

Yeah, life insurance is often no longer needed once your portfolio is large enough to cover the demise of the particular person.
I cancelled mine when I was around 45...
by The Wizard
Sat Jun 25, 2016 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor conversion through vanguard - how?
Replies: 7
Views: 569

Re: Backdoor conversion through vanguard - how?

>>>If your TIRA balance is zero on DEC 31, 2016 then the $5500 conversion done in calendar 2016 will be treated as a full conversion and consume all of the $5500 IRA basis making it a tax free conversion. Tax-free or very low tax. If the $5500 went up to $5600 due to market changes between contribu...
by The Wizard
Sat Jun 25, 2016 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Lowering taxes at RMD time
Replies: 26
Views: 3038

Re: Lowering taxes at RMD time

Traditionally we are told to withdraw $ from taxable account first, when retirement time comes. I wonder if withdrawing from my retirement account first may lessen my tax load at RMD time. If I were you I would do (and did do / am doing) the following: Position enough of your non-retirement holding...
by The Wizard
Fri Jun 24, 2016 8:26 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard Total International] ETF currently down 7.09% - Time to sell?
Replies: 39
Views: 4053

Re: VXUS time to sell?

livesoft wrote:I think when something goes up big time is when it is time to sell. When something drops big time is when it is time to buy.

Wiser words have seldom been said...
by The Wizard
Fri Jun 24, 2016 8:00 pm
Forum: Personal Consumer Issues
Topic: Cell use in Ireland
Replies: 9
Views: 726

Re: Cell use in Ireland

As for Ireland, I got a Meteor SIM card for my two week trip last September and it worked fine. I used it mostly for data, Google maps and trip advisor while driving, etc. WiFi at most places we stopped at, but if not, then cellular data worked fine. I WOULD like to find a solution that can be done ...
by The Wizard
Fri Jun 24, 2016 6:33 am
Forum: Forum Issues and Administration
Topic: Revealing Usernames
Replies: 68
Views: 7349

Re: Revealing Usernames

...I have probably sent tens of thousands of emails and never had any indication that anyone besides the recipients read any of them. Maybe they are being read regularly and I just don't know? How would one go about reading someone else's email if it were not sent to them? It's rather well known th...
by The Wizard
Thu Jun 23, 2016 6:37 am
Forum: Personal Consumer Issues
Topic: Reading the news/newspapers [in digital format]
Replies: 16
Views: 958

Re: Reading the news/newspapers [in digital format]

I read nytimes.com on my smartphone quite often, but not every day...
by The Wizard
Wed Jun 22, 2016 9:31 pm
Forum: Investing - Help with Personal Investments
Topic: When rates increase should I transfer annuity my TRAD back into itself?
Replies: 4
Views: 372

Re: When rates increase should I transfer annuity my TRAD back into itself?

In a GRA, forget about it. Just relax and enjoy the higher rates.

In a GSRA with no withdrawal restrictions, it's remotely possible you could come out ahead by timing things.
But I've never done it...
by The Wizard
Wed Jun 22, 2016 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Lowering taxes at RMD time
Replies: 26
Views: 3038

Re: Lowering taxes at RMD time

I like to put together a spreadsheet projecting your taxable income through your early 70s.
Goal is to keep it level or slightly increasing.
If you see a big jump at age 70, then do more Roth conversions now...
by The Wizard
Wed Jun 22, 2016 8:51 am
Forum: Forum Issues and Administration
Topic: Revealing Usernames
Replies: 68
Views: 7349

Re: Revealing Usernames

carofe wrote:...So when you write things anywhere on the internet (including emails!!) You can assume that it will be there for many years, it is like your conversation has become perpetual.

I would think that if one writes with integrity and the absence of malice, that this would not generally be a problem...
by The Wizard
Wed Jun 22, 2016 8:47 am
Forum: Investing - Help with Personal Investments
Topic: Roll over expensive 401k and lose Backdoor Roth?
Replies: 14
Views: 717

Re: Roll over expensive 401k and lose Backdoor Roth?

I recently rolled my modest tIRA at Vanguard into one of my existing 403(B) plans elsewhere. This allows me to do a backdoor Roth in this and possibly subsequent years.
So yes, look into doing this...
by The Wizard
Tue Jun 21, 2016 11:07 am
Forum: Investing - Theory, News & General
Topic: Retirement savings withdrawals
Replies: 20
Views: 2366

Re: Retirement savings withdrawals

...If I were to roll the money over into an IRA, are there any rules or such that control taking withdrawals? Would I be forced to take regular periodic payments over the years, or would withdrawals from the account be at my discretion? I would set up a monthly withdrawal plan that exceeds your bas...
by The Wizard
Sun Jun 19, 2016 11:55 am
Forum: Investing - Theory, News & General
Topic: What's the ideal safe retirement net worth target?
Replies: 162
Views: 16590

Re: What's the ideal safe retirement net worth target?

Taxes are a major consideration in retirement planning. For example, if someone has a TIRA with $1M in it and they will be in 25% tax bracket in retirement, they will have $750K to spend after taxes. Similarly, if they have taxable investments with large capital gains, those investments net of taxe...
by The Wizard
Sun Jun 19, 2016 7:57 am
Forum: Personal Consumer Issues
Topic: Buying Quality Personal Property
Replies: 30
Views: 2634

Re: Buying Quality Personal Property

YES to Petrocelli's basic question. But for functional, non artistic items, it should depend on your experience along with utilization factors. This means that you come to appreciate high quality in an item after struggling for a time with a low quality version of the item. For me, this applies to s...
by The Wizard
Sat Jun 18, 2016 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: Nice problem to have, Too much cash headed my way next 2.5 years
Replies: 22
Views: 2542

Re: Nice problem to have, Too much cash headed my way next 2.5 years

Good catch, 8 and 46 are fighting with each other. First of all, heap is undefined. I keep a target few pthousand in my checking account as a bit of a buffer for certain expenses, hardly a heap. And the stock market isn't the right place to keep a down payment for a house, since it can drop 20% or m...
by The Wizard
Sat Jun 18, 2016 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Portfolio returns small compared to income. Typical?
Replies: 5
Views: 783

Re: Portfolio returns small compared to income. Typical?

Not quite sure what the Q is, but analyze the returns in more detail.
You should be getting 2% dividends payout on stocks. On binds, dividends have been trending down over last decade.
Then look at capital gains for both stocks and bonds in your portfolio.
This will clarify your understanding...

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