Search found 219 matches

by WoodSpinner
Fri Aug 18, 2017 7:05 am
Forum: Personal Finance (Not Investing)
Topic: New job, life changes
Replies: 25
Views: 1520

Re: New job, life changes

My job actually offers a 3k per year training an education stipend Does anyone have ideas? IT related Perhaps start with what do you think you need to learn? How do you like to learn? is it different for technical skills? How about soft-skills? Each of us starts from a different place. For instance...
by WoodSpinner
Fri Aug 18, 2017 7:00 am
Forum: Personal Finance (Not Investing)
Topic: New job, life changes
Replies: 25
Views: 1520

Re: New job, life changes

Graduate school means very little in my field And I am working my ass off. So much my manager apologized because I didn't get trained, and just jumped straight into the fray on hard projects It's a lot of fun to me actually! I have always found that working hard, jumping in and exceeding expectatio...
by WoodSpinner
Tue Aug 15, 2017 7:31 am
Forum: Personal Finance (Not Investing)
Topic: Not understanding the recommended retirement distribution strategy in the Boglehead's Guide
Replies: 7
Views: 1079

Re: Not understanding the recommended retirement distribution strategy in the Boglehead's Guide

OP,

I don't think you are missing anything. There are ways to fine tune the withdrawal strategy that don't seem to be covered well in this guide.

I found this article Kitces - Tax Efficent Spending Strategies very helpful.

8-)
by WoodSpinner
Mon Aug 14, 2017 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Due to 8 Year Bull Market, Pay Off Rental Now?
Replies: 35
Views: 3570

Re: Due to 8 Year Bull Market, Pay Off Rental Now?

Here's our situation. We are saving 60% of our income via: Maxing out 2x 401K's (one with 4% match and good investment options, the other with no match and terrible investment options) Maxing out 2x Roth IRA's Contributing to 3x 529's college plans Paying $2000/month extra on our rental principal. ...
by WoodSpinner
Mon Aug 14, 2017 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Do I Need a Trust? (for single, no children, beneficiaries, etc.)
Replies: 16
Views: 1351

Re: Do I Need a Trust? (for single, no children, beneficiaries, etc.)

Zoonian59, Appreciate the separate post, this seems like a topic many BH are struggling with. My suggestion at this point is to not focus on a trust and shift focus on making stronger connections. As a lay person, I don't think you need a trust since you haven't outlined a set of beneficiaries or a ...
by WoodSpinner
Sun Aug 13, 2017 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Do I really need a trust?
Replies: 48
Views: 3877

Re: Do I really need a trust?

bsteiner, Many thanks for your response and suggestions--your insights are highly valued and appreciated. Please see my replies in-line below: The question in the subject line is probably the least important issue, so I'll deal with it last. Condon's book is useful. However, he focuses on the two en...
by WoodSpinner
Sat Aug 12, 2017 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: Thank you Bogleheads
Replies: 2
Views: 532

Re: Thank you Bogleheads

Congrats, nice to hear about positive life changes.

8-)
by WoodSpinner
Sat Aug 12, 2017 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Will vs Living Trust
Replies: 59
Views: 5339

Re: Will vs Living Trust

I have avoided going to an estate lawyer because I think I can do this myself and I'm a penny pincher. Wow! :shock: That is an amazing quote. You're taking this BH "do-it-yourself" stuff too seriously. A good estate planning attorney is experienced in reviewing your asset ownership, considering you...
by WoodSpinner
Sat Aug 12, 2017 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Will vs Living Trust
Replies: 59
Views: 5339

Re: Will vs Living Trust

OP, You might find some info in a parallel thread I started with a similar question... https://www.bogleheads.org/forum/viewtopic.php?f=2&t=225464 In my case, I am going to create a trust, they key question is should I use a lawyer or a Nolo press approach (also a frugal, DIYer). If you don't mind, ...
by WoodSpinner
Sat Aug 12, 2017 12:10 pm
Forum: Forum Issues and Administration
Topic: Forum software upgrade bug reports and change requests
Replies: 407
Views: 55278

Re: Forum software upgrade bug reports and change requests

I am also seeing a problem with the
  • formatting when I have multiple items.
by WoodSpinner
Sat Aug 12, 2017 12:08 pm
Forum: Investing - Help with Personal Investments
Topic: Withdrawal Options?
Replies: 10
Views: 1116

Re: Withdrawal Options?

OP, I think you will find it bennificial to take more than your monthly need as a Roth Conversion and start investing in a Roth account. You can use the basis in the account(e.g. Funds you paid taxes on) at any point, but you need to wait 5 years before using any of the gains. A couple of reasons: -...
by WoodSpinner
Sat Aug 12, 2017 11:35 am
Forum: Forum Issues and Administration
Topic: Forum software upgrade bug reports and change requests
Replies: 407
Views: 55278

Re: Forum software upgrade bug reports and change requests

Display of multi-page threads on the forum New Threads post is not working correctly. Text overwrites page count.
by WoodSpinner
Sat Aug 12, 2017 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Do I really need a trust?
Replies: 48
Views: 3877

Re: Do I really need a trust?

I am single in California and have a trust to protect my non-beneficiary assets from what I consider to be a predatory government. The money my estate will save in probate costs will allow my heirs to send my ashes to the stars. Weird maybe, but it works for me as justification of the cost. Make yo...
by WoodSpinner
Fri Aug 11, 2017 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Do I really need a trust?
Replies: 48
Views: 3877

Re: Do I really need a trust?

It seems like conduit trust offers less protection but the accumulation trust offers less favorable tax treatment upon distribution. Obviously I have a lot to learn about this. The only difference with tax treatment is that RMDs accumulated within the trust (rather than being immediately distribute...
by WoodSpinner
Thu Aug 10, 2017 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: Do I really need a trust?
Replies: 48
Views: 3877

Re: Do I really need a trust?

She advised against having the trust be bennificiaries of my 401K/ IRA (which is 80% of my estate, mid 7 figures). Did she mention a separate trust specifically to receive these qualified retirement plan assets? If she is unfamiliar with such trusts, then you need to find a better attorney. She did...
by WoodSpinner
Thu Aug 10, 2017 10:55 pm
Forum: Investing - Theory, News & General
Topic: "When's the Right Time to Take RMDs?" – (Christine Benz's Latest Column)
Replies: 34
Views: 4234

Re: "When's the Right Time to Take RMDs?" – (Christine Benz's Latest Column)

Another minor nit ...

For IRAs, you can take an RMD from 1 account that represents the requirement of all your IRAs.

As I I understand it, this is not so for multiple 401K accounts, you have to take RMDs from each account separately. Plus ROTH 401ks also require RMDs.

Thoughts. 8-)
by WoodSpinner
Thu Aug 10, 2017 10:38 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Checkup - Major Life Event
Replies: 15
Views: 1835

Re: Portfolio Checkup - Major Life Event

I think you have a pretty good plan. It's looks like you could potentially hold fewer funds across each account by consolidating. For example, your Roth could be all bonds, then you could remove the other small bond holdings elsewhere. Here is some more info on doing that: https://www.bogleheads.or...
by WoodSpinner
Thu Aug 10, 2017 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Do I really need a trust?
Replies: 48
Views: 3877

Do I really need a trust?

All, I could use some of the BH collective wisdom .... Went to see an attorney about doing a trust and was quoted a price of $ 3200 for a trust, will, PoAs etc. She advised against having the trust be bennificiaries of my 401K/ IRA (which is 80% of my estate, mid 7 figures). Suggested we put the hou...
by WoodSpinner
Wed Aug 09, 2017 6:55 am
Forum: Investing - Help with Personal Investments
Topic: Forced Early Retirement - Advice Sought
Replies: 32
Views: 4432

Re: Forced Early Retirement - Advice Sought

Have you considered selling the RV? Depending on its size/mileage it may be the kind of thing that's okay to have around while you're working to pay it off but which you might not consider acquiring once you're retired. How long have you had it and how much have you used it? Umm... the point of an ...
by WoodSpinner
Tue Aug 08, 2017 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Life at crossroads. What would you do ?
Replies: 198
Views: 16263

Re: Life at crossroads. What would you do ?

OP, You seem to have lot's of experience in different roles--not sure why the old tech label defines you ... I am wondering if there maybe something else going on? No real idea but here are some thoughts you might consider Have you had someone review your resume and give you feedback? Do you highlig...
by WoodSpinner
Tue Aug 08, 2017 7:42 am
Forum: Investing - Help with Personal Investments
Topic: First Portfolio Review! 31 and 30 y.o. NYC married couple
Replies: 29
Views: 2266

Re: First Portfolio Review! 31 and 30 y.o. NYC married couple

LITeacher, Welcome to the forum, I hope you find it a good resource for practical advice and an interesting read. Personally I think you are doing well and are addressing the key areas that are in your control and managing your expectations and your budget. My personal suggestion (note, I am not abl...
by WoodSpinner
Mon Aug 07, 2017 7:43 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversions
Replies: 7
Views: 753

Re: Roth conversions

Thank you, wonderful news! I'm also curious, the advice is to convert into an empty Roth. What happens moving forward when doing conversions multiple years? Is the conversion amount moved by the end of the year (assuming no recharacterization) and replaced annually with conversions into the now emp...
by WoodSpinner
Mon Aug 07, 2017 5:55 pm
Forum: Investing - Help with Personal Investments
Topic: 3 fund portfolio: Invest now or later?
Replies: 8
Views: 832

Re: 3 fund portfolio: Invest now or later?

Jana, Welcome to the club .... Wondering if you can persuade your husband to join up and participate in this discussion? It's a great forum, lot's of diverse opinions and a good learning experience. I shifted from my FA in July, but went straight in the market with the new AA. So much of our decisio...
by WoodSpinner
Sat Aug 05, 2017 10:28 am
Forum: Investing - Help with Personal Investments
Topic: Roth 401(K)
Replies: 24
Views: 1769

Re: Roth 401(K)

OP, We are in somewhat similar positions and thought you might find this thread of some help. Here are the highlights of my approach: - Much of the conventional advice simply doesn't apply given the amounts involved. You are going to have to make your own plans, adapt the guiding principles and adju...
by WoodSpinner
Wed Aug 02, 2017 7:17 am
Forum: Investing - Help with Personal Investments
Topic: Will my older self thank me?
Replies: 38
Views: 3011

Re: Will my older self thank me?

Life is a balance. When I was younger, despite a great job and a good income, I drove reliable Hondas and Toyotas and saved/invested actively in retirement accounts and real estate. My wife and I did splurge a bit on a very nice home in a great school district, one that we knew we could stay in for...
by WoodSpinner
Tue Aug 01, 2017 7:18 am
Forum: Investing - Theory, News & General
Topic: Has the "bond bubble" caused you to change your allocation?
Replies: 90
Views: 9010

Re: Has the "bond bubble" caused you to change your allocation?

OP, Currently I am at 55/45 and about to FIRE Dec2017. Not sure if this counts as a shift since this is the first time I have done a DIY portfolio. Using VCSH - Vanguard Short Term Corporate and BIV - Vanguard Intermediate Term as my core passive bond holdings. PONPX - Pimco income fund is my active...
by WoodSpinner
Sun Jul 30, 2017 10:35 am
Forum: Investing - Theory, News & General
Topic: Living Off Dividends
Replies: 285
Views: 21151

Re: Living Off Dividends

You can't transfer "in-kind" between tax advantaged and non-tax-advantage accounts. So you will have to sell. But if you don't want to sell yet have to take the RMD anyway, you can effectively sell just enough to pay the taxes on your RMD. I do not believe this is correct .... See 2 Good ...
by WoodSpinner
Sun Jul 30, 2017 9:26 am
Forum: Investing - Help with Personal Investments
Topic: Active vs index, etc.
Replies: 34
Views: 2219

Re: Active vs index, etc.

OP, I also have kept a few active funds in the portfolio for some of the same reasons. PONPX - PIMCO Income Fund Class P I think there is a good case to be made for an active approach for Bonds. Risk is increased over Treasuries but it seemed a good trade off. ER is about .55 and they are delivering...
by WoodSpinner
Sat Jul 29, 2017 6:32 pm
Forum: Personal Consumer Issues
Topic: How much is a used 30" Wolf Gourmet range worth?
Replies: 7
Views: 1032

Re: How much is a used 30" Wolf Gourmet range worth?

We're selling ours, way too much power for the little cooking we do (we do a lot of salads). The house came with the range, previous owner thought he was a special chef, it melted the bottom of the microwave, I had to put a new micro in. It's about 7 years old and in very good shape. I was going to...
by WoodSpinner
Fri Jul 28, 2017 9:40 pm
Forum: Investing - Theory, News & General
Topic: Are any advisors not self serving
Replies: 25
Views: 2065

Re: Are any advisors not self serving

hacker258 initiated a thread about a particularly reprehensible piece of advice that a financial advisor had given. Some of my friends have gotten really bad advice as well. An example is a friend of mine who is a high earner and not retired was advised to start taking SS at 62. To me this is self ...
by WoodSpinner
Fri Jul 28, 2017 8:31 am
Forum: Investing - Theory, News & General
Topic: Roth vs Traditional
Replies: 38
Views: 2767

Re: Roth vs Traditional

To reach the 33% tax bracket, using just RMD's from Traditional accounts, you would need approximately $7M in those accounts for the first RMD for married file jointly ($5.5M for single) with standard deduction. That may be true, but few of us are just living on RMDs. There are pensions, SS, And ot...
by WoodSpinner
Thu Jul 27, 2017 8:55 pm
Forum: Investing - Theory, News & General
Topic: Roth vs Traditional
Replies: 38
Views: 2767

Re: Roth vs Traditional

For instance, if you're in the 25% tax bracket, and the money you pull from an IRA would be taxed at 25% in retirement, then there's zero difference as to which one leaves you with more money. I understand this concept, but this isn't a realistic scenario. Again my point is if you deferring taxes a...
by WoodSpinner
Wed Jul 26, 2017 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Late start for college savings
Replies: 16
Views: 1335

Re: Late start for college savings

I know this is primarily a financial forum for those who have advised deferring the adoption until after college for financial reasons. However, this child could have had a life of loneliness, despair and maybe neglect and abuse. Consider the immeasurable positive long term emotional and psychologi...
by WoodSpinner
Tue Jul 25, 2017 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: Late start for college savings
Replies: 16
Views: 1335

Re: Late start for college savings

My wife and I are in the process of becoming foster parents for a teenager, with a likely plan to then adopt. Obviously we will be getting a rather late start on a college fund. We will exhaust all available government resources for the child, but it appears likely that she will probably become ine...
by WoodSpinner
Tue Jul 25, 2017 7:06 am
Forum: Investing - Help with Personal Investments
Topic: Retirement advice
Replies: 10
Views: 2303

Re: Retirement advice

Op,

Congratulations on retiring. We all be fishes here......

Do you have any idea of what your monthly expenses will be? Trying to get a handle to see if your cash flow works for you.

I hope you love Fl and enjoy retirement.

Any special plans?

8-)
by WoodSpinner
Tue Jul 25, 2017 6:57 am
Forum: Investing - Help with Personal Investments
Topic: How do I get back to my asset allocation?
Replies: 14
Views: 1575

Re: How do I get back to my asset allocation?

Op, Thanks for opening up and starting this thread. I woke up this morning full of angst for the market, this country and my personal retirement plans. Was sitting here thinking, maybe I should shift from 60/40 to 30/70 and go into full protection mode. This was the first thread I saw over my mornin...
by WoodSpinner
Mon Jul 24, 2017 7:26 pm
Forum: Investing - Theory, News & General
Topic: A One World, Global Market for Stocks?
Replies: 13
Views: 1324

Re: A One World, Global Market for Stocks?

Love the visual, thanks for sharing. 8-)
by WoodSpinner
Mon Jul 24, 2017 7:09 pm
Forum: Investing - Help with Personal Investments
Topic: "If You Can"-style Rebalancing
Replies: 14
Views: 1678

Re: "If You Can"-style Rebalancing

You might find this Rebalance Utility helpful. it is designed to handle rebalancing across a large number of assets in a manner that optimizes tax efficiency.

Rebalance Utility

8-)
by WoodSpinner
Mon Jul 24, 2017 7:34 am
Forum: Investing - Help with Personal Investments
Topic: Preparing to Transfer Funds to Vanguard
Replies: 5
Views: 594

Re: Preparing to Transfer Funds to Vanguard

Op, I would give Vanguard a call and let them drive the workflow to pull the funds from Ameriprise. I find this works better since they have the bigger incentive. In terms of funds, if they are in IRA or Roth, there are no tax consequences to consider. Biggest questions are: [list=] - Do you want to...
by WoodSpinner
Mon Jul 24, 2017 7:16 am
Forum: Personal Finance (Not Investing)
Topic: Investing Education and Mansplaining
Replies: 128
Views: 7979

Re: Investing Education and Mansplaining

Thesaints wrote:And God knows engineers and women are two almost orthogonal sets...


Ah...

But when those sets intersect, magic happens.

8-)
by WoodSpinner
Sat Jul 22, 2017 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: ESOP vs 401k
Replies: 4
Views: 308

Re: ESOP vs 401k

I have a friend who is wondering whether he should max out his company's ESOP with a $5000 match, or max out his wife's 401k with no company match. Currently, he maxes out his 401k and receives matching contributions of around $4000 a year. He also maxes out Roth IRAs for he and his wife. The match...
by WoodSpinner
Sat Jul 22, 2017 8:58 am
Forum: Investing - Help with Personal Investments
Topic: An easy-to-understand withdrawal plan for comments
Replies: 9
Views: 800

Re: An easy-to-understand withdrawal plan for comments

Op, Can you give us a breakdown of which type of accounts your portfolio is held in? For instance, how much in Taxable and what types of assets? What kind of healthcare policy are you planning? Let us know .... I just have a rough plan without tax details, but 15% tax is generous. I am aware of var...
by WoodSpinner
Sat Jul 22, 2017 8:26 am
Forum: Investing - Help with Personal Investments
Topic: Which funds for these asset sources?
Replies: 7
Views: 518

Re: Which funds for these asset sources?

General rule of thumb is Bonds in IRA, Equities in Roth/Taxable and cash in Taxable. This is a starting point and it's often necessary to compromise based on your current portfolio. A lot of people read it that way, but the Wiki does not actually suggest that (unless it has changed). It likely says...
by WoodSpinner
Fri Jul 21, 2017 11:22 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing - Newbie never really paid attention before now
Replies: 9
Views: 1009

Re: Rebalancing - Newbie never really paid attention before now

OP,

So far I have been very happy with Merrill Edge and don't regret shifting there from the Merril Lynch and my FA.

I like them better than Vanguard but I own mostly Vanguard ETFs and no Admiral shares in my Edge accounts.

Good luck ... 8-)
by WoodSpinner
Fri Jul 21, 2017 10:17 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard AUM can't manage part of friend's portfolio. Understandable but ...help?
Replies: 13
Views: 1421

Re: Vanguard AUM can't manage part of friend's portfolio. Understandable but ...help?

OP, If he knows the target Allocation of assets he wants and the which type of accounts they are held in, than this Rebalancing Utility should be able to help. If he isn't sure what allocations or assets he wants to invest in, that is a different discussion. Perhaps he could joint the community and ...
by WoodSpinner
Fri Jul 21, 2017 6:09 pm
Forum: Investing - Help with Personal Investments
Topic: Feedback on large portfolio - moving to self-directed
Replies: 23
Views: 1211

Re: Feedback on large portfolio - moving to self-directed

I would love some assistance with my current situation. I am very fortunate that my company went public several years ago, I have sold most of my holdings, and as a result my wife and I have roughly $20 million in liquid assets. We've been using an advisor for several years but I plan to go self-di...
by WoodSpinner
Fri Jul 21, 2017 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: Which funds for these asset sources?
Replies: 7
Views: 518

Re: Which funds for these asset sources?

Meridian5850' This Wiki will give you some tips, on what to shoot for, Tax Efficent Placement of Funds . General rule of thumb is Bonds in IRA, Equities in Roth/Taxable and cash in Taxable. This is a starting point and it's often necessary to compromise based on your current portfolio. I wasn't quit...
by WoodSpinner
Thu Jul 20, 2017 9:26 pm
Forum: Investing - Help with Personal Investments
Topic: An easy-to-understand withdrawal plan for comments
Replies: 9
Views: 800

Re: An easy-to-understand withdrawal plan for comments

Op,

Can you give us a breakdown of which type of accounts your portfolio is held in? For instance, how much in Taxable and what types of assets?

What kind of healthcare policy are you planning?

Let us know .... 8-)
by WoodSpinner
Thu Jul 20, 2017 9:12 pm
Forum: Investing - Help with Personal Investments
Topic: New to This and Needing Advice on Reallocating Funds
Replies: 6
Views: 568

Re: New to This and Needing Advice on Reallocating Funds

I am a beginner investor in my mid-50's and would like advice on how to reallocate my funds as an older person with a modest income and mostly fixed income investments. My late husband had a long illness with much uncertainty, so we were risk adverse and kept assets fairly liquid. My condolences, I...
by WoodSpinner
Thu Jul 20, 2017 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: Windfall: Buy or wait?
Replies: 30
Views: 3082

Re: Windfall: Buy or wait?

This seems like a scary time to invest a windfall. I know timing is often a dirty word, but with an 8 year bull market and an S&P 500 PE Ratio of 26.16, would you invest a windfall differently now than say if you got one in 2013? I guess I’m at little confused about what the difference is betwe...