Search found 252 matches

by WoodSpinner
Mon Oct 16, 2017 10:27 am
Forum: Investing - Help with Personal Investments
Topic: First time poster:NEED HELP! We are total newbies and late to the game*updated
Replies: 31
Views: 2210

Re: First time poster:NEED HELP! We are total newbies and late to the game*updated

OP, First, let me congratulate both of you for doing such a great job in managing your expenses and upping your savings rate! A number of us could learn a few things from your approach, perhaps best in another thread. I think one of the keys to success will be the cash flow between semi-retirement a...
by WoodSpinner
Sun Oct 15, 2017 11:16 am
Forum: Investing - Help with Personal Investments
Topic: Taxes and withdrawal strategy in retirement
Replies: 7
Views: 1033

Re: Taxes and withdrawal strategy in retirement

Op,

Wonder if we could get some additional information.

How old are you?
Married?
How much do you need to withdraw for expenses?
Current Tax bracket?
Future bracket?

It’s a complicated question that has to be tuned to your circumstances.

8-)
by WoodSpinner
Sun Oct 15, 2017 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Social Security - Maximizing a couples benefits
Replies: 35
Views: 2552

Re: Social Security - Maximizing a couples benefits

Op, I suggest you look into survivors benefits closely before making a decision. This can often be a strong decision criteria for planning. SSAnalyzer by Bedrock has been a really useful tool for me to compare approaches. I would pay careful attention to: - cash flow requirements - your age and expe...
by WoodSpinner
Fri Oct 13, 2017 12:55 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2017!
Replies: 229
Views: 30484

Re: Roll Call for the Retirement Class of 2017!

All,

Looks like I am joining the class. Put my papers in yesterday and will finish up in December.

39 Business days left ....

Excited and nervous at the same time.

:sharebeer
by WoodSpinner
Sun Oct 08, 2017 10:24 pm
Forum: Investing - Theory, News & General
Topic: New Fiduciary Rule seems to be a big disappointment
Replies: 18
Views: 2156

Re: New Fiduciary Rule seems to be a big disappointment

Money Magazine The DOL rule requires advisers and firms to act as fiduciaries, or in other words, to put investors' needs above their own. The new rule allows the sale of commission-based products as long as firms follow several steps, including acknowledging their fiduciary responsibility, providi...
by WoodSpinner
Sat Oct 07, 2017 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion and Recharacterization [theory] ?
Replies: 34
Views: 1910

Re: Roth Conversion and Recharacterization ?

Al,

Just want to give everyone a big thanks for this thread :) , it has morphed into a great learning experience for me and I hope for others.

:sharebeer
by WoodSpinner
Thu Oct 05, 2017 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion and Recharacterization [theory] ?
Replies: 34
Views: 1910

Re: Roth Conversion and Recharacterization ?

Keep the IRMAA limits in mind after you start Medicare - going to the top of a tax bracket might put you into the position of paying more for the Medicare parts you decide to pay for. I appreciate the advice and have included this and SS impact in the model. Even with these hits to the Marginal Tax...
by WoodSpinner
Thu Oct 05, 2017 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion and Recharacterization [theory] ?
Replies: 34
Views: 1910

Re: Roth Conversion and Recharacterization ?

WoodSpinner, It looks like you did your projections of taxes for the years between now and when you turn 70. Good for you! I figured you would be able to handle it. Were you surprised to see what would happen between now and then if you didn't start converting? I have built a very useful model in E...
by WoodSpinner
Wed Oct 04, 2017 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion and Recharacterization [theory] ?
Replies: 34
Views: 1910

Re: Roth Conversion and Recharacterization ?

Okay, I have a follow-up just to be sure I am doing this right ... I am still employed for 2017 but completed my first Roth Conversion in October. Normally I do not need to worry about Est Tax payments, my withholding is sufficient. The Conversion however will require me to make an additional Estima...
by WoodSpinner
Tue Oct 03, 2017 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion and Recharacterization [theory] ?
Replies: 34
Views: 1910

Re: Roth Conversion and Recharacterization ?

:happy , certainly not the first, nor hopefully the last time I have benefited from Celia's insights and efforts. She is certainly one of the reasons, I am doing the Roth Conversions in the first place. There was a long and spirited thread to convince me of the wisdom of paying taxes now, to avoid t...
by WoodSpinner
Tue Oct 03, 2017 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion and Recharacterization [theory] ?
Replies: 34
Views: 1910

Re: Roth Conversion and Recharacterization ?

Thanks for the additional example. I think the WIKI did a good job of illustrating why this was important.

8-)
by WoodSpinner
Mon Oct 02, 2017 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion and Recharacterization [theory] ?
Replies: 34
Views: 1910

Re: Roth Conversion and Recharacterization ?

Most Excellent -- thanks for the feedback.

Just submitted the paperwork.

:sharebeer
by WoodSpinner
Mon Oct 02, 2017 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion and Recharacterization [theory] ?
Replies: 34
Views: 1910

Roth Conversion and Recharacterization [theory] ?

All, I have reviewed the Wiki on Roth IRA Conversions and have a question on my first set of Conversions. I have 2 IRA Accounts (IRA-A and IRA-B). Both contain shares of VTI that I want to convert into a Roth Account. The Wiki advises: The primary recommendation when you convert is to always convert...
by WoodSpinner
Sun Oct 01, 2017 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: My boneheaded financial mistakes
Replies: 77
Views: 9551

Re: My boneheaded financial mistakes

We've been pretty good. Biggest mistake was probably choosing a career in a nonprofit profession. Started a recovery community center for people dealing with addictions and mental health issues. As they say "When you work for a nonprofit, you make no profit." ;) Spouse works for state gov't. Thankf...
by WoodSpinner
Sun Oct 01, 2017 11:21 am
Forum: Personal Finance (Not Investing)
Topic: My boneheaded financial mistakes
Replies: 77
Views: 9551

Re: My boneheaded financial mistakes

As a relatively young and naive investor I followed the advice of some "guru" named Bob Brinker ( infamous QQQ call). Took a while to get over the sting of that one. In fairness, I also followed Bob bringer' advice for many many years and overall it was very solid. Not only specific mutual fund cho...
by WoodSpinner
Sat Sep 30, 2017 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Balancing liquidation of company stock (post-NUA) with Roth conversions
Replies: 6
Views: 376

Re: Balancing liquidation of company stock (post-NUA) with Roth conversions

OP, What I am planning to do is to contribute a significant portion each year of the NUA stock to a Doner Advised Fund (you need to check IRS rules for limits) and use that to fund my Charitable donations. This gives me the space I need for the Roth Conversions. I have already rebalanced the non-NUA...
by WoodSpinner
Thu Sep 28, 2017 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: My boneheaded financial mistakes
Replies: 77
Views: 9551

Re: My boneheaded financial mistakes

All, Okay -- my tale of shame .... I inadvertently sold stock in the MegaCorp that I work for that they provided at a very low cost basis (1/10th of market price) instead of selling the shares that I purchased at Market Price (>$100M loss, sigh). Bright side, I did decrease my risk exposure to the c...
by WoodSpinner
Tue Sep 26, 2017 8:08 pm
Forum: Personal Consumer Issues
Topic: Sonoma in October
Replies: 56
Views: 4651

Re: Sonoma in October

Here are a few suggestions... Sonoma Food tour - https://www.tripadvisor.com/Attraction_Review-g33107-d7717553-Reviews-Sonoma_Food_Tour-Sonoma_Sonoma_County_California.html Lunch or Dinner at the Cullinary Institute of America - http://www.ciachef.edu/california Castello d'Amorosa - http://www.caste...
by WoodSpinner
Tue Sep 26, 2017 7:13 pm
Forum: Personal Consumer Issues
Topic: Weekend trip in Portland, Oregon - ideas?
Replies: 22
Views: 1396

Re: Weekend trip in Portland, Oregon - ideas?

I think a trip to Voodoo Donuts would be a good idea as well....

https://www.voodoodoughnut.com

Good luck
by WoodSpinner
Thu Aug 31, 2017 9:07 am
Forum: Investing - Theory, News & General
Topic: Value Factor Investing is not Value Investing
Replies: 126
Views: 9449

Re: Value Factor Investing is not Value Investing

OP,

Very interesting post--thanks for helping me grasp the differences.

Are there low cost Mutual Funds or ETFs that focus on Value Investing? Or is this mainly done by an investor though detailed analysis of various individual stocks?

Thanks

:beer
by WoodSpinner
Tue Aug 29, 2017 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Legal Documents Required
Replies: 3
Views: 544

Re: Legal Documents Required

OP, There is a great deal that needs to be done to answer your question. Here are some of the basics -- note, I think it is wise to get legal council to help think about and draft these documents. One of the hardest questions we face as parents is who will take care of our children if both of us hav...
by WoodSpinner
Tue Aug 29, 2017 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Do I really need a trust?
Replies: 55
Views: 5786

Re: Do I really need a trust?

All, I thought I would take a moment and update everyone on my decision and lessons learned. First, I really appreciate everyone's insights, especially FIREchief and bsteiner , there was a great deal of good information and variables to consider. I decided to: Implement a simple Revocable Living Tru...
by WoodSpinner
Tue Aug 29, 2017 7:26 am
Forum: Personal Finance (Not Investing)
Topic: QCDs from Vanguard
Replies: 38
Views: 2442

Re: QCDs from Vanguard

I suspect "the system" doesn't know if you want to take the QCD in addition to your regular RMD or as a distribution to partially meet your required RMD. You know it's the later, it doesn't. Point taken - thanks. Note ... I believe ou must take your RMDs BEFORE any QCDs Suggest you stop the auto RM...
by WoodSpinner
Mon Aug 28, 2017 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: QCDs from Vanguard
Replies: 38
Views: 2442

Re: QCDs from Vanguard

I suspect "the system" doesn't know if you want to take the QCD in addition to your regular RMD or as a distribution to partially meet your required RMD. You know it's the later, it doesn't. Point taken - thanks. Note ... I believe ou must take your RMDs BEFORE any QCDs Suggest you stop the auto RM...
by WoodSpinner
Thu Aug 24, 2017 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: What is the portfolio role of a leveraged bond fund like PONDX?
Replies: 55
Views: 3001

Re: What is the portfolio role of a leveraged bond fund like PONDX?

There is lots of crap out there that doesn't belong in a disciplined investors portfolio. Those investments are sold to people who are gullible or who have psychological issues causing them to want something unusual. Just say no. With an expense ratio of 0.79%, this fund serves to remove assets fro...
by WoodSpinner
Thu Aug 24, 2017 9:58 am
Forum: Personal Finance (Not Investing)
Topic: help with picking program to manage budget
Replies: 11
Views: 683

Re: help with picking program to manage budget

There are a lot of discussions on here about various software programs for managing spending and budgeting. I'd like to pick a program and really dive into it and use it. My primary goals are (1) to start track spending by category and once we have a better sense of that (2) prepare a spending plan...
by WoodSpinner
Wed Aug 23, 2017 6:31 pm
Forum: Personal Consumer Issues
Topic: Computer Backup Software With Accompanying External Drive
Replies: 10
Views: 819

Re: Computer Backup Software With Accompanying External Drive

Does anyone know of a good drive with backup software that satisfies the following criteria : (a) performs complete and incremental backups and (b) allows files and folders to be viewed in a Windows Explorer type format so that , for example , an individual file can be copied to a memory stick . Se...
by WoodSpinner
Wed Aug 23, 2017 6:28 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Empower Investment Options!
Replies: 4
Views: 411

Re: Help with Empower Investment Options!

Op,

Wondering if you can up the savings rate at all? Perhaps start with establishing an emergency fund as one early priority?

:?:
by WoodSpinner
Wed Aug 23, 2017 6:16 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement is Coming - Do my 3-Fund portfolios make any sense?
Replies: 20
Views: 2224

Re: Retirement is Coming - Do my 3-Fund portfolios make any sense?

Op, I would manage the portfolio as a whole in setting AA--rather than holding the same Allocation in each account. Check the WIKI for a guide to Tax Efficient Fund Placement for some tips. For instance it usually doesn't make sense to hold regular Bonds in a Taxable account. In addition, not all IR...
by WoodSpinner
Mon Aug 21, 2017 9:45 am
Forum: Personal Finance (Not Investing)
Topic: How to get a job as a software developer?
Replies: 58
Views: 7851

Re: How to get a job as a software developer?

From my previous post: https://www.bogleheads.org/forum/viewtopic.php?f=11&t=160214 I spent almost 4 months study SQL programming and Java. I like it so much that I spent 3-4 hours a night doing it since March. I think I am ready to get a job doing SQL and Java so I get more practice. Unfortunately...
by WoodSpinner
Fri Aug 18, 2017 7:05 am
Forum: Personal Finance (Not Investing)
Topic: New job, life changes
Replies: 26
Views: 2196

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: 26
Views: 2196

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: 1172

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: 3871

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: 1528

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: 55
Views: 5786

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: 583

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: 5696

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: 5696

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: 427
Views: 60238

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: 1231

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: 427
Views: 60238

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: 55
Views: 5786

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: 55
Views: 5786

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: 55
Views: 5786

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: 4519

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: 1980

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...