Search found 13 matches

by Who
Sat Apr 14, 2018 11:36 am
Forum: Investing - Help with Personal Investments
Topic: HELP..not sure what to do at 55 YOA
Replies: 21
Views: 2906

Re: HELP..not sure what to do at 55 YOA

Hi, BurnedBefore- Your picture may not be as bleak as you think. You have some good things going for you. (1) You are a saver. To have a large savings account with over six figures is impressive. Try to save even more. The recommended savings rate often suggested is 15%. I'd recommend more..as much ...
by Who
Sat Apr 14, 2018 7:47 am
Forum: Investing - Help with Personal Investments
Topic: Aren't we betting a bit too heavily on US stocks and bonds?
Replies: 34
Views: 2696

Re: Aren't we betting a bit too heavily on US stocks and bonds?

I feel I have to ask this. There is so much information on the internet with regard to investing, but most of the simple portfolios I've come across recommend that at least 60-80% of our portfolio consists of US securities. Why are we recommended not to diversify much in terms of countries in which...
by Who
Fri Apr 13, 2018 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Why traditional IRA better than Roth IRA
Replies: 87
Views: 7339

Re: Why traditional IRA better than Roth IRA

While it may not seem “fair”, what law would have been violated by this change? I'm not a lawyer, but as I read it, current law says Roth IRAs will not be retaxed. https://www.law.cornell.edu/uscode/text/26/408A "Any qualified distribution from a Roth IRA shall not be includible in gross income." W...
by Who
Fri Apr 13, 2018 5:11 am
Forum: Investing - Help with Personal Investments
Topic: Why traditional IRA better than Roth IRA
Replies: 87
Views: 7339

Re: Why traditional IRA better than Roth IRA

But Roth account withdrawal rules are guaranteed -- as guaranteed as they can be. They are guaranteed because they are in written law, in effect today. That’s a tad naive in my opinion. There’s nothing in the law that says Congress can’t change the rules and make Roth withdrawals taxable in the fut...
by Who
Fri Apr 13, 2018 1:12 am
Forum: Investing - Help with Personal Investments
Topic: Why traditional IRA better than Roth IRA
Replies: 87
Views: 7339

Re: Why traditional IRA better than Roth IRA

Can't tax brackets change over time? —————————————————- I'm paying my tax now. I don't care what tax brackets are in the future. I will pay no tax when I take my Roth distributions. You acknowledge that tax brackets can change. There’s no guarantee that Roth withdrawal rules won’t change 20-30 year...
by Who
Thu Apr 12, 2018 6:35 am
Forum: Investing - Help with Personal Investments
Topic: Why traditional IRA better than Roth IRA
Replies: 87
Views: 7339

Re: Why traditional IRA better than Roth IRA

Can't tax brackets change over time? In 30 or 40 years, at any specific income level (adjusted for inflation), is there any guarantee that the tax rate will be the same as it is now? Is there any guarantee that the tax will even be "close" to what it is now? There is no guarantee that I know of. And...
by Who
Sat Apr 07, 2018 7:49 am
Forum: Personal Finance (Not Investing)
Topic: How do you estimate your home's market value?
Replies: 53
Views: 3537

Re: How do you estimate your home's market value?

I've been following Zillow's estimate for my properties for years. Sometimes it is much too low. Then it gradually swings to the other side and becomes much too high. I've looked at what other real estate web sites show. Averaging out the estimates is a good idea, but that's more work than I want to...
by Who
Tue Jan 23, 2018 4:32 pm
Forum: Investing - Theory, News & General
Topic: Anyone Pulled the Trigger on Global Wellington/Wellesley?
Replies: 16
Views: 4106

Re: Anyone Pulled the Trigger on Global Wellington/Wellesley?

I just converted my Wellington and Wellesley stakes ($55k each) to their global counterparts. I want to stay in the stock market at my asset allocation, but with the Shiller 10 year PE showing the USA being so expensive, I think it is prudent to change these excellent funds to worldwide. It does tak...
by Who
Fri Apr 21, 2017 2:54 am
Forum: Personal Finance (Not Investing)
Topic: CA State Tax Refund ~ 3 Month Processing Time
Replies: 19
Views: 3771

Re: CA State Tax Refund ~ 3 Month Processing Time

It was quick for me. I filed my CA tax form on April 17. It is now April 21, and my refund is safely in my checking account. (But I've got a super simple form for them to process. I live in AZ, but own rental property in CA. CA taxes the H out of my rental through the year, and I have to file to get...
by Who
Tue Feb 28, 2017 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Why not to do ROTH Conversion
Replies: 29
Views: 3889

Re: Why not to do ROTH Conversion

Another important piece of the math puzzle is state taxes. My husband and I would love to start converting some of our tIRA $ into Roth $, even though we are in the 25% federal bracket (we wouldn't convert enough to go a bracket higher than that). What stops us is the >9% state bracket we're in. I ...
by Who
Sat Aug 17, 2013 4:12 am
Forum: Personal Consumer Issues
Topic: Clearing car "Check Engine" light
Replies: 51
Views: 22886

Re: Clearing car "Check Engine" light

This can be a nuisance with some cars. My 2001 Corolla started turning this light when it was a few years old, and out of warranty. Two Toyota dealerships told me I had to replace the catalytic converter, at a cost of about $2000. Instead of doing that, I bought a cheap OBD2 scanner, and use it to s...
by Who
Sun Oct 02, 2011 9:37 pm
Forum: Investing - Theory, News & General
Topic: Why not 100/100 asset allocation
Replies: 234
Views: 21973

Why you may not want to go 100% all in... "Markets can remain irrational longer than you can remain solvent." - John Maynard Keynes. Look at the S&P 500 from January 2000 to December 2009 (10 years), which was almost flat. Look at the Japan's Nikkei 225 from January 1990 to December 2009 (20 years),...
by Who
Tue Sep 27, 2011 5:24 pm
Forum: Personal Consumer Issues
Topic: What are your favorite podcasts?
Replies: 31
Views: 3560

Demand Side Economics (by Allan Harvey)

for one Keynesian economist's perspective on today's economy