Search found 106 matches

by WoodSpinner
Fri Jun 23, 2017 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: I need a strategy to address debt and savings
Replies: 12
Views: 694

Re: I need a strategy to address debt and savings

Here a couple of suggestions that worked for me.... 1. Don't dig yourself into a deeper hole--stop spending as much money as possible and focus on paying down debts. 2. Build a budget and carefully track all of your expenses--start practicing Living Below Your Means. 3. Make sure your girlfriend is ...
by WoodSpinner
Fri Jun 23, 2017 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Just married: now what?
Replies: 7
Views: 872

Re: Just married: now what?

tjschraf, I thought I would chime in with a couple of suggestions for questions you didn't ask... 1. Get her actively involved in your shared financial life. Everything from investments, cash-flow, budgeting, savings, and paying the monthly bills. This will serve you both well in the long run. 2. Le...
by WoodSpinner
Thu Jun 22, 2017 6:48 am
Forum: Investing - Help with Personal Investments
Topic: Review Requested:[Revised] Proposed Allocations in Prep for Retirement
Replies: 24
Views: 1633

Re: Review Requested:[Revised] Proposed Allocations in Prep for Retirement

Must admit I did nothing--just let it ride. At the time I was using my pension lump sum as a substitute for bond holdings.

Thanks for the help ! I learned a great deal.
by WoodSpinner
Wed Jun 21, 2017 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a condo/townhouse
Replies: 5
Views: 798

Re: Buying a condo/townhouse

OP,

One additional factor to pay close attention to is how is the HoA managed? Does the board get alongs? How about board and managers? Be wary if there is evidence of discontent and friction.

Been there, done that, lesson learned.
by WoodSpinner
Wed Jun 21, 2017 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: Review Requested:[Revised] Proposed Allocations in Prep for Retirement
Replies: 24
Views: 1633

Re: Review Requested:[Revised] Proposed Allocations in Prep for Retirement

It's my personal preference, but I do like the new portfolio better. But again, use caution with the backtesting tool. It DOES NOT predict the future. And the backtest you linked only has five years of data because that's how long VXUS has been available. Some of the "improved results" yo...
by WoodSpinner
Wed Jun 21, 2017 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: Early retirement
Replies: 21
Views: 3224

Re: Early retirement

One strong suggestion will be to manage your portfolio as a whole, rather than having separate AA for each type of account.

The Wiki has a good article on Tax Efficient Fund Placement

I am sure others will have some advice as well....
by WoodSpinner
Wed Jun 21, 2017 11:00 am
Forum: Investing - Help with Personal Investments
Topic: Review Requested:[Revised] Proposed Allocations in Prep for Retirement
Replies: 24
Views: 1633

Re: Review Requested:[Revised] Proposed Allocations in Prep for Retirement

Chip, The PortfolioVisualizer is pretty addictive--I decided to take another stab and simplify things further by shifting the US Equities positions to use VTI - Total Market. Also to take a bit more risk on the Short Term bonds and shift from BSV - Short Term Bonds to VCSH, Short Term Corporates. My...
by WoodSpinner
Tue Jun 20, 2017 4:25 pm
Forum: Investing - Help with Personal Investments
Topic: Review Requested:[Revised] Proposed Allocations in Prep for Retirement
Replies: 24
Views: 1633

Re: Review Requested: Proposed Allocations in Prep for Retirement

Then you might consider whether you want to leave her tIRA assets vs Roth. Does it make sense for you to pay tax at 28% to avoid having her pay tax at, say, 15%? Have you also considered tax rates that a surviving spouse would face on RMDs plus SS? That might point you in the direction of larger co...
by WoodSpinner
Tue Jun 20, 2017 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: Review Requested:[Revised] Proposed Allocations in Prep for Retirement
Replies: 24
Views: 1633

Re: Review Requested:[Revised] Proposed Allocations in Prep for Retirement

Revision Chip and Hyperborea, many thanks for the feedback, its much appreciated. I reviewed your suggestions, did some analysis with Portfolio Visualizer, some suggested reading and discussed this with my FA. The result is a simpler profile with a lower expense ratio and less International exposur...
by WoodSpinner
Tue Jun 20, 2017 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Re-balance Utility
Replies: 14
Views: 1265

Re: Re-balance Utility

It looks like a good effort. It looks like it is limited to just stocks/bonds/cash as the assets for Roth conversion/RMD/rebalancing. If someone has more of a slice-and-dice allocation, do you have suggestions on how they'd use it? For Version-1 it gives you a high level strategy and you would need...
by WoodSpinner
Tue Jun 20, 2017 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Re-balance Utility
Replies: 14
Views: 1265

Re: Re-balance Utility

I love trying out new tools. Unfortunately, my version of Excel won't run the ActiveX code in the spreadsheet, so I'm out of luck (Excel for Mac 2011) Looks interesting. I just can't get it to run my data. Wow -- that is really interesting. Let me see if I can put together a different type of butto...
by WoodSpinner
Tue Jun 20, 2017 7:29 am
Forum: Investing - Help with Personal Investments
Topic: Review Requested:[Revised] Proposed Allocations in Prep for Retirement
Replies: 24
Views: 1633

Re: Review Requested: Proposed Allocations in Prep for Retirement

Okay, sounds like you have that covered. Do you plan to use that low basis stock for charitable contributions, living expenses, or both? Good question-- I am not sure. I hadn't considered the advantages of simply contributing this stock to a DAF and using it for a few years of charitable giving. Le...
by WoodSpinner
Tue Jun 20, 2017 7:02 am
Forum: Investing - Help with Personal Investments
Topic: Review Requested:[Revised] Proposed Allocations in Prep for Retirement
Replies: 24
Views: 1633

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. We are on the same page--my mega-retirement spreadsheet handles this, plus a fairly effective tax calculator for Fed/State. I will be follo...
by WoodSpinner
Mon Jun 19, 2017 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Re-balance Utility
Replies: 14
Views: 1265

Re: Re-balance Utility

Polite Bump,

Wondering if anyone sees this as a useful utility?
by WoodSpinner
Mon Jun 19, 2017 6:19 pm
Forum: Investing - Help with Personal Investments
Topic: Review Requested:[Revised] Proposed Allocations in Prep for Retirement
Replies: 24
Views: 1633

Re: Review Requested: Proposed Allocations in Prep for Retirement

Duckie, So you want 57% stocks, 43% bonds/cash, with 19% of stocks in international. That breaks down to 46% US stocks, 11% international stocks, and 43% bonds/cash. Below you list 19% of the portfolio in international. So which is it? 19% of stocks (19% x 57% = 11%) or 19% of the portfolio (19% x 1...
by WoodSpinner
Mon Jun 19, 2017 6:04 pm
Forum: Investing - Help with Personal Investments
Topic: Review Requested:[Revised] Proposed Allocations in Prep for Retirement
Replies: 24
Views: 1633

Re: Review Requested: Proposed Allocations in Prep for Retirement

Fixed Income - this represents 12 years of expenses which will take me to age 70 when SS begins. Plan is to reduce this over time to 10 years of expenses and hold there through retirement So you are planning to increase your equity percentage over time? Nothing wrong with that - just wondered if th...
by WoodSpinner
Mon Jun 19, 2017 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: Review Requested:[Revised] Proposed Allocations in Prep for Retirement
Replies: 24
Views: 1633

Re: Review Requested: Proposed Allocations in Prep for Retirement

Chip, Thanks for the reply ! A couple of thoughts/questions: Is there any low basis company stock in the 401k that might be eligible for NUA tax treatment? There is some of the MegaCorp Stock available for NUA and this will be part of the 401K Rollover to the IRA (NUA stock will go to Taxable, its a...
by WoodSpinner
Mon Jun 19, 2017 11:51 am
Forum: Investing - Help with Personal Investments
Topic: Review Requested:[Revised] Proposed Allocations in Prep for Retirement
Replies: 24
Views: 1633

Review Requested:[Revised] Proposed Allocations in Prep for Retirement

All, I would love to pick the collective BH wisdom on the proposed allocations. Background : Plan to retire: Dec2017 from a Mega-Corp. Expected Withdrawal Rate: Under 3% Social Security: Me - 70, DW - 67 (and then shift to spousal) Assets : IRA/401K: Mid 7 figures Roth: Low 5 figures Taxable: Mid 6 ...
by WoodSpinner
Sun Jun 18, 2017 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: Re-balance Utility
Replies: 14
Views: 1265

Re: Re-balance Utility

LadyGeek,

I have implemented your suggestions as requested plus done some cleanup on the Error Handling.

I appreciate your eagle eye.

TIA
by WoodSpinner
Fri Jun 16, 2017 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: Guyton-Klinger Portfolio Management Rule Confusion
Replies: 11
Views: 855

Re: Guyton-Klinger Portfolio Management Rule Confusion

QQ...

Does the expense funding also include a subsequent rebalancing?

That is my approach if things get out of whack.

Your example is a pretty edge case, how does it work for your portfolio?
by WoodSpinner
Fri Jun 16, 2017 11:44 pm
Forum: Personal Finance (Not Investing)
Topic: Re-balance Utility
Replies: 14
Views: 1265

Re: Re-balance Utility

LadyGeek,

Will do--Out of town for weekend but will implement your suggestions.

Stepping back, do you think this will be a useful tool?

It works for me, just not sure if I am atypical.

TIA
by WoodSpinner
Fri Jun 16, 2017 11:30 pm
Forum: Investing - Theory, News & General
Topic: Excel Solver for Portfolio Rebalancing across Multiple Accounts
Replies: 24
Views: 2755

Re: Excel Solver for Portfolio Rebalancing across Multiple Accounts

You might find the rebalancing tool being discussed in this thread usefull....

viewtopic.php?f=2&t=221267
by WoodSpinner
Fri Jun 16, 2017 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Re-balance Utility
Replies: 14
Views: 1265

Re: Re-balance Utility

LadyGeek,

Both of the issues you identified have been resolved -- many thanks!
by WoodSpinner
Fri Jun 16, 2017 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Re-balance Utility
Replies: 14
Views: 1265

Re: Re-balance Utility

Link is fixed. Thanks for the directions
by WoodSpinner
Fri Jun 16, 2017 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Re-balance Utility
Replies: 14
Views: 1265

Re-balance Utility

All, I put together an Excel Utility to help me, my DW and DD understand how to perform a number of key activities during retirement. It is designed to align the Portfolio to the Tax Efficient Placement of Funds . - Re-balance between Equities, Bonds, and Cash to meet our target Asset Allocation - R...
by WoodSpinner
Fri Jun 16, 2017 1:03 am
Forum: Investing - Help with Personal Investments
Topic: Is my pension a Fixed asset?
Replies: 32
Views: 1823

Re: Is my pension a Fixed asset?

If that is the case having a half million pension would offset quite a bit of my IRA and 457 savings allocations because if I were to have 1 million total invested (500k pension 500k stocks) and the stock market were to lose 50% I would still have my $500,000 pension and $250,000 stocks and a net w...
by WoodSpinner
Wed Jun 14, 2017 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Who takes financial chances and why is this forum so financially conservative?
Replies: 139
Views: 11818

Re: Who takes financial chances and why is this forum so financially conservative?

Great question! When I was in my 20s I scored a great contracting gig as a programmer and DBA. Worked a year and took a year off to travel and explore. No regrets at all. Some of those experiences were life-changing events and I wouldn't be the same person today without them. However sitting here 30...
by WoodSpinner
Wed Jun 14, 2017 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Is there a calculator that solves for optimal Roth conversion
Replies: 54
Views: 4057

Re: Is there a calculator that solves for optimal Roth conversion

Patrick13, Appreciate the insights.... I don't think I will be Zeroing the TD account but you outlined my basic strategy I should have moved about 1/3 given this approach. As previous posters have pointed out, there are lots of variables and I have a 12 runway till I hit 70. Another keystone of my t...
by WoodSpinner
Tue Jun 13, 2017 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Is there a calculator that solves for optimal Roth conversion
Replies: 54
Views: 4057

Re: Is there a calculator that solves for optimal Roth conversion

I keep coming back to my mega spreadsheet and how I can use that to answer the question. It has a more sophisticated tax engine than RPC or I-ORP and is the best model I have of my retirement finances. I suspect I am in an atypical situation, very little in Taxable and a large chunk in Tax deferred...
by WoodSpinner
Mon Jun 12, 2017 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a calculator that solves for optimal Roth conversion
Replies: 54
Views: 4057

Re: Is there a calculator that solves for optimal Roth conversion

You lost me a little to be honest. I am focused on a strategy for knowing how much to convert. Not quite ready for Qualified Accumulation Trusts (I don't even know what one is at this point :oops: ) Hoping to find a better tool to figure out how much I should convert while I still have the chance. I...
by WoodSpinner
Mon Jun 12, 2017 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Which assets to use for Roth Conversion
Replies: 5
Views: 451

Re: Which assets to use for Roth Conversion

Celia, You have a good memory and are correct that I have to do Roth Conversions and pay taxes from the conversions in order to fund expenses. Not all of the conversions will go to expense--some can be done in kind to help me move assets rather than cash. That said, this strategy is designed to try ...
by WoodSpinner
Mon Jun 12, 2017 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Which assets to use for Roth Conversion
Replies: 5
Views: 451

Which assets to use for Roth Conversion

As a noob to Retirement planning I would like your opinion on a high level strategy for identifying which types of assets to use in a Roth Conversion. Roth Conversions ]1. Conversions should be done into an empty Roth Account to facilitate re-characterization if necessary. 2. If moving In-Cash sell ...
by WoodSpinner
Mon Jun 12, 2017 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else put together a Retirement Policy Statement?
Replies: 3
Views: 553

Anyone else put together a Retirement Policy Statement?

As a noob to Retirement Planning who will FIRE Dec2017, I have been trying to learn and plan as effectively as possible. I ran across this outline for a Retirement Policy Statement on Morningstar and wondered if anyone had completed one? https://www.google.com/url?sa=t&rct=j&q=&esrc=s&am...
by WoodSpinner
Sat Jun 10, 2017 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: Is Quicken 2017 worth it? Please help
Replies: 23
Views: 1887

Re: Is Quicken 2017 worth it? Please help

Was a Quicken user since, what, the '90's, but have ceased using it over the last few years. Didn't like the forced upgrade every few years. It never seemed to interface well with Vanguard. Other than downloads, It doesn't do anything that a knowledgeable Excel user cannot create (a) spreadsheet(s)...
by WoodSpinner
Sat Jun 10, 2017 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Where do you keep your Savings?
Replies: 24
Views: 3205

Re: Where do you keep your Savings?

retire57 wrote:Wow, that's complicated. We have all savings in one MM account and use Quicken to keep track of how the money is earmarked, e.g. taxes, travel, charity etc ....

Keeping it simple works best for us.


How do you do this in Quivken?

TIA
by WoodSpinner
Sat Jun 10, 2017 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a calculator that solves for optimal Roth conversion
Replies: 54
Views: 4057

Re: Is there a calculator that solves for optimal Roth conversion

Another perspective to consider is what happens when you are pretty confident that RMDs will throw you into a 28% effective tax bracket. Draining money via Roth conversions makes a great deal of sense then--assuming you believe you will live way past 70. My strategy (borrowed a bit from I-Orp) is to...
by WoodSpinner
Sat Jun 10, 2017 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Is there a calculator that solves for optimal Roth conversion
Replies: 54
Views: 4057

Re: Is there a calculator that solves for optimal Roth conversion

Just a quick point -- comparing AGI's may not be a very good metric in real life. It doesn't really deal with some of the nuances of deductions, tax rates, and state taxes. I would suggest that comparing effective tax rates is a better rubric, e.g. Never convert more than then what will be the proje...
by WoodSpinner
Sat Jun 10, 2017 12:54 am
Forum: Personal Finance (Not Investing)
Topic: Is there a calculator that solves for optimal Roth conversion
Replies: 54
Views: 4057

Re: Is there a calculator that solves for optimal Roth conversion

+1 for a custom Excel mega retirement spreadsheet-- which I think can be a very useful tool. So here is the question I wrestle with after building this beast ..... What logic do you use to determine just how much of a Roth conversion to make each year? Do you use your spreadsheet to predict a future...
by WoodSpinner
Sun Jun 04, 2017 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversions if you are already in the 25% bracket
Replies: 16
Views: 1280

Re: Roth conversions if you are already in the 25% bracket

OP My suggestion is that you need to deal with Effective tax rates and not tax brackets. This gives you a much better way to compare taxes pre/post RMDs. I calculate this by (Actual Fed Tax + Actual State Tax)/Adjusted Gross Income. Given how the tax brackets work, being in the X bracket doesn't pr...
by WoodSpinner
Sun Jun 04, 2017 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Calculator to rebalance assets across Taxable, Roth, Ira/401k
Replies: 10
Views: 685

Re: Calculator to rebalance assets across Taxable, Roth, Ira/401k

I would certainly welcome venture capitol funding. :D
by WoodSpinner
Sun Jun 04, 2017 9:54 am
Forum: Investing - Help with Personal Investments
Topic: Roth conversions if you are already in the 25% bracket
Replies: 16
Views: 1280

Re: Roth conversions if you are already in the 25% bracket

OP My suggestion is that you need to deal with Effective tax rates and not tax brackets. This gives you a much better way to compare taxes pre/post RMDs. I calculate this by (Actual Fed Tax + Actual State Tax)/Adjusted Gross Income. Given how the tax brackets work, being in the X bracket doesn't pro...
by WoodSpinner
Sun Jun 04, 2017 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Calculator to rebalance assets across Taxable, Roth, Ira/401k
Replies: 10
Views: 685

Re: Calculator to rebalance assets across Taxable, Roth, Ira/401k

If you are finding rebalancing to be difficult, making some adjustments to your portfolio might help. And yes, you may be making it more difficult than it needs to be. :happy Have you considered posting your portfolio for help with that? See the link at the bottom of this message for how to do that...
by WoodSpinner
Sat Jun 03, 2017 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Calculator to rebalance assets across Taxable, Roth, Ira/401k
Replies: 10
Views: 685

Re: Calculator to rebalance assets across Taxable, Roth, Ira/401k

Celia Well that is what I thought until I dove in and tried to bullet-proof it. Soemetimes there isn't cash in the account to suppport buying the asset where it should belong, for instance trying to increase bonds in the IRA but Cash is in taxable not IRA. This forces a shift from equities to bonds ...
by WoodSpinner
Sat Jun 03, 2017 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Calculator to rebalance assets across Taxable, Roth, Ira/401k
Replies: 10
Views: 685

Calculator to rebalance assets across Taxable, Roth, Ira/401k

All, I have looked through the Wiki and done some googling to find a tool I could leverage but haven't found one that fits what I am looking for. What I want to do is use it during annual re-balancing and for extra credit handle funding yearly expenses and Roth Conversions/ RMDs. My goal is to have ...
by WoodSpinner
Sat Jun 03, 2017 9:46 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Approaches (forced) - review my situation?
Replies: 29
Views: 4890

Re: Early Retirement Approaches (forced) - review my situation?

OP, I am also a 49 Year IT vetran retiring (by choice) this year. It's clear your analytical skills are still sharp and you covered a lot of key points. I see you have lots of good advice already so I will focus on a couple of different issues. 1. Have you modeled your expected tax rates before RMDs...
by WoodSpinner
Sat Jun 03, 2017 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: Does someone 60+ need more than 10 years expenses in FI?
Replies: 39
Views: 3843

Re: Does someone 60+ need more than 10 years expenses in FI?

Are you expecting different answers than you got for this post two weeks ago? https://www.bogleheads.org/forum/viewtopic.php?f=1&t=218883&p=3368726#p3368726 Hoping this time I have narrowed the question and better explained it to get what I would consider clearer more on point answers.]I wi...
by WoodSpinner
Sat Jun 03, 2017 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Conversion Calculator
Replies: 9
Views: 600

Re: Roth IRA Conversion Calculator

TT, if it applies to you, remember that Medicare Parts B and others are priced in tiers. You don't want to push yourself into a higher tier with Roth conversions. So be careful when converting up to the top of a tax bracket - that may be into the next tier for Medicare premiums. I have seen this ad...
by WoodSpinner
Sat Jun 03, 2017 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: Boglehead approved actively managed funds!
Replies: 28
Views: 2781

Re: Boglehead approved actively managed funds!

I have a small portion of my Bond allocation in Pimco actively managed bond funds. For me they have a proven track record of active management, bearing the total bond indexes at reasonbly low rates.

https://www.pimco.com

Evrything else is in indexes or ETFs.
by WoodSpinner
Sat Jun 03, 2017 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Home Down Payment:
Replies: 12
Views: 1095

Re: Home Down Payment:

We could use a bit more information ... I assume from the post you are over 70 1/2 since you mention RMDs 1. Will you pulling the money from Retirement accounts (plus equity from the house sale) leave you in an unsafe financial position? 2. Do you have extra money after RMDs and other income for you...
by WoodSpinner
Thu Jun 01, 2017 7:15 am
Forum: Personal Finance (Not Investing)
Topic: Senility: How do you plan on protecting your money when you lose your mental capacities?
Replies: 72
Views: 5776

Re: Senility: How do you plan on protecting your money when you lose your mental capacities?

Recommended reading in another thread, read Beyond the Grave , J Condon. He doesn't do much to address single persons, but it does give ideas. Altho his focus is keeping the peace with family members after you're gone, he does provide a fair amount of information about managing assets before you &a...

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