Search found 649 matches

by corn18
Fri May 25, 2018 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Variable Percentage Withdrawal
Replies: 23
Views: 2431

Re: Variable Percentage Withdrawal

I am developing a window for withdrawals (retire @ 55): $100,000 = 3% SWR $170,000 = Get me to 70 with no savings Assumes zero growth) $200,000 = VPW 55 to 70 My expenses are $95k, so I think I am all set to retire @ 55. Then we'll wing it. Since my wife has this sign over the pantry, I have a feeli...
by corn18
Fri May 25, 2018 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: Book for wife on investing
Replies: 18
Views: 673

Re: Book for wife on investing

I have those in my kindle library. But she doesn't know what a stock or bond is. Or a mutual fund. Or a 401k. No clue on what the S&P500, DJIA or NASDAQ are.

We need to start from zero here.
by corn18
Fri May 25, 2018 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: Book for wife on investing
Replies: 18
Views: 673

Book for wife on investing

Hell has officially frozen over. Just now, my wife asked me if there was a book she could read on how investing works. Up until this very moment, she has taken absolutely no interest in my endless diatribes on index investing, asset allocations, withdrawal rates, etc... So, what do I recommend for h...
by corn18
Fri May 25, 2018 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Variable Percentage Withdrawal
Replies: 23
Views: 2431

Re: Variable Percentage Withdrawal

First time I actually looked at the VPW spreadsheet. Since my COLA pension and SS @ 70 covers my expenses starting at age 70, my portfolio only needs to survive until 70. So I plugged that into the VPW spreadsheet and my initial withdrawal rate @ age 55 is 8.1%. That works for me.
by corn18
Fri May 25, 2018 8:15 am
Forum: Investing - Theory, News & General
Topic: FZDXX- 1.81%. Security?
Replies: 6
Views: 714

Re: FZDXX- 1.81%. Security?

protagonist wrote:
Thu May 24, 2018 11:12 pm

My understanding is that you can buy FZDXX with an initial deposit of $100K, after which there is no minimum balance and no other disadvantages vs. FZFXX.
I don't think this is true. Might want to call FIDO to verify.
by corn18
Thu May 24, 2018 6:58 am
Forum: Personal Consumer Issues
Topic: High End Wrist Watches (Gone Crazy)
Replies: 179
Views: 19660

Re: High End Wrist Watches (Gone Crazy)

It always fascinates me that so many people feel the need to barf on any thread that talks about high end watches.

"I use my phone"
"I don't wear a watch"
"A $10 Timex tells time better"

Yeah, we get it.
by corn18
Thu May 24, 2018 5:46 am
Forum: Personal Consumer Issues
Topic: High End Wrist Watches (Gone Crazy)
Replies: 179
Views: 19660

Re: High End Wrist Watches (Gone Crazy)

I really don't see the point of buying an analog watch. They don't do anything and the thing that they do (tell time) is inferior to a digital watch. . . . You are 100% correct. My 3 Omegas, my Doxa, my Stowa, my Nomos, and my JS (from Reykjavik) don't keep time as well as my $19.99 digital Timex f...
by corn18
Wed May 23, 2018 9:03 pm
Forum: Personal Consumer Issues
Topic: High End Wrist Watches (Gone Crazy)
Replies: 179
Views: 19660

Re: High End Wrist Watches (Gone Crazy)

Out of all of those, I wish I still had these 4:

Image
by corn18
Wed May 23, 2018 8:43 pm
Forum: Personal Consumer Issues
Topic: High End Wrist Watches (Gone Crazy)
Replies: 179
Views: 19660

Re: IWC Watch, any thoughts? [Wristwatch brand]

If anyone is still following the saga, the collection is growing. http://forums.watchuseek.com/attachment.php?attachmentid=9705874&d=1477071622 I've just started following this thread and am intrigued. What's in your collection now corn18? Also, I noticed a couple of Bremont's in your collection an...
by corn18
Wed May 23, 2018 2:25 pm
Forum: Personal Consumer Issues
Topic: Buying a Woman's Tag Heuer On-line
Replies: 38
Views: 1809

Re: Buying a Woman's Tag Heuer On-line

I have bought and sold a lot of high end watches. The gray dealers are nice, but there is a way to have your cake and eat it, too. I bought most of my watches from dealers on rolexforums.com. They buy from dealers and get the warranty card stamped and dated then resell. I always got jomashop prices ...
by corn18
Sat May 19, 2018 12:13 pm
Forum: Investing - Theory, News & General
Topic: Good read on why to keep a simple indexed fund portfolio
Replies: 11
Views: 2173

Re: Good read on why to keep a simple indexed fund portfolio

Thanks for that. I have an Investment Policy Statement, the main purpose of which is to give guidance to heirs. It includes guidance on portfolio make-up strongly recommending a simple set of index funds. My justification for this was not nearly as clear and convincing as that article. I saved it a...
by corn18
Fri May 18, 2018 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: How to estimate Social Security early retirement ? 55 ys?
Replies: 20
Views: 2177

Re: How to estimate Social Security early retirement ? 55 ys?

Neurosphere has about the best calculator I have found anywhere.

Here is the thread on BH:

viewtopic.php?t=231913
by corn18
Wed May 16, 2018 5:50 am
Forum: Investing - Theory, News & General
Topic: 2018 401k limit is $55K - do you max it out? Why/why not?
Replies: 110
Views: 9951

Re: 2018 401k limit is $55K - do you max it out? Why/why not?

There are different 5 year rules for Roth contributions and Roth conversions. For contributions, the principle can be withdrawn anytime, only the earnings are subject to penalty prior to 5 years, as you stated. For conversions, even the principle is subject to the 5 year rule. I could be mistaken o...
by corn18
Tue May 15, 2018 10:02 am
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 30909

Re: KF's simple rules to achieve FI [Financial Independence]

I saved for college in a non 529 account because I started late. I had saved enough for full in state expenses for both kids by the time the first one hit 18. Kept it conservative (ST bonds). Glad I did. First kid applied, got in and then changed her mind right before the first tuition payment was d...
by corn18
Mon May 14, 2018 6:40 pm
Forum: Personal Consumer Issues
Topic: Is there a boglehead muscle car?
Replies: 138
Views: 7111

Re: Is there a boglehead muscle car?

alfaspider wrote:
Mon May 14, 2018 6:32 pm
corn18 wrote:
Mon May 14, 2018 6:05 pm
I think a true muscle car needs a live rear axle. Not many of those left in the modern era. Maybe the Dodge Demon is a good BH muscle car?
The Demon does not have a live rear axle though.
Drat. Then it's out.
by corn18
Mon May 14, 2018 6:05 pm
Forum: Personal Consumer Issues
Topic: Is there a boglehead muscle car?
Replies: 138
Views: 7111

Re: Is there a boglehead muscle car?

I think a true muscle car needs a live rear axle. Not many of those left in the modern era. Maybe the Dodge Demon is a good BH muscle car?
by corn18
Mon May 14, 2018 5:35 pm
Forum: Investing - Theory, News & General
Topic: 2018 401k limit is $55K - do you max it out? Why/why not?
Replies: 110
Views: 9951

Re: 2018 401k limit is $55K - do you max it out? Why/why not?

I max out to $60.5k (over 50). I do aftertax contributions and then a mega backdoor Roth. Between that and my tIRA backdoor Roths (wife and I), I am adding about $30k/year to my Roth accounts.
by corn18
Fri May 11, 2018 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage question: 20% down or larger down payment?
Replies: 47
Views: 4629

Re: Mortgage question: 20% down or larger down payment?

Regarding your personal circumstance, I'm jealous. We have different mentalities, but if that were me, I'd write that last check and throw my mortgage papers to the flames! FeesR-BullNotBullish, 1) Why would I do that when my portfolio is making 7% and my mortgage is only 3.49%? I am making 3.51% p...
by corn18
Thu May 10, 2018 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Estimated tax question
Replies: 21
Views: 1618

Re: Estimated tax question

Something I just learned when filling out form 2210 just now: If you want to use the short method for estimating the underpayment penalty, do not make ANY estimated tax payments. If you do, it will force you to the regular method. I like the short method, so no estimated payments for me.
by corn18
Thu May 10, 2018 6:08 am
Forum: Personal Finance (Not Investing)
Topic: Estimated tax question
Replies: 21
Views: 1618

Re: Estimated tax question

First year in retirement making estimated taxes.I am assuming I can pay the full years estimated tax in my first payment that was due in April? To each his own. I have never paid any kind of estimated tax. The "penalty" is just a modest interest rate applied to the amount owed. For the past 10 year...
by corn18
Wed May 09, 2018 8:50 pm
Forum: Investing - Help with Personal Investments
Topic: Estimated Tax on Large Capital Gain
Replies: 34
Views: 2014

Re: Estimated Tax on Large Capital Gain

Yes, but the safe harbor rule is based on the prior year’s AGI. GILL Right. Thanks. Actually, the $150,000 test is based on the filing year, not prior year. SO if he makes more than $150k in 2018 (which it appears he will), he will be subject to the higher test of 110%. The Pub 505 link above indic...
by corn18
Wed May 09, 2018 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: Estimated Tax on Large Capital Gain
Replies: 34
Views: 2014

Re: Estimated Tax on Large Capital Gain

rkhusky wrote:
Wed May 09, 2018 8:39 pm
Gill wrote:
Wed May 09, 2018 8:36 pm
Yes, but the safe harbor rule is based on the prior year’s AGI.
GILL
Right. Thanks.
Actually, the $150,000 test is based on the filing year, not prior year. SO if he makes more than $150k in 2018 (which it appears he will), he will be subject to the higher test of 110%.
by corn18
Wed May 09, 2018 8:16 pm
Forum: Investing - Help with Personal Investments
Topic: Estimated Tax on Large Capital Gain
Replies: 34
Views: 2014

Re: Estimated Tax on Large Capital Gain

Gill wrote:
Wed May 09, 2018 8:03 pm
Yes, I know, but OP isn’t in that category so I didn’t mention it to avoid confusion.
Gill
Wish we had a like button.
by corn18
Wed May 09, 2018 8:00 pm
Forum: Investing - Help with Personal Investments
Topic: Estimated Tax on Large Capital Gain
Replies: 34
Views: 2014

Re: Estimated Tax on Large Capital Gain

Thank you, corn18. Reaffirming my response to the OP, just make sure your withholding equals or exceeds 2017 and you have fully complied with any obligation to pay additional tax until April 2019. Gill Special case for high earners. If AGI is greater than $150,000, then you must pay the lesser of: ...
by corn18
Wed May 09, 2018 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: Estimated Tax on Large Capital Gain
Replies: 34
Views: 2014

Re: Estimated Tax on Large Capital Gain

Sorry, but what I said is “strictly true”. Please correct your statement and don’t mislead the OP. Gill What you said is not technically true. As I posted taxes are due in the quarter that the income/capital gains are generated. What you should have said was that there probably (but not certainly) ...
by corn18
Sun May 06, 2018 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: What career for smartest kid in the class?
Replies: 132
Views: 7903

Re: What career for smartest kid in the class?

... Fighter pilot A fighter pilot with a decade of military flying can earn $90,000. So you are risking your life for that? Wondering why it is on your list? Maybe he's not doing it for the money. That was OP's definition of success. Did you infer a definition? I didn't see one in the OP. I saw one...
by corn18
Sun May 06, 2018 8:36 am
Forum: Investing - Theory, News & General
Topic: Graham's Formula -- Still Applicable, Right?
Replies: 19
Views: 1475

Re: Graham's Formula -- Still Applicable, Right?

Nothing wrong with a little international value tilt. Just don't let that $5k turn into $50k unless your ISP says so.
by corn18
Sun May 06, 2018 8:10 am
Forum: Investing - Theory, News & General
Topic: Graham's Formula -- Still Applicable, Right?
Replies: 19
Views: 1475

Re: Graham's Formula -- Still Applicable, Right?

I'd like the P/E to be below 20 and since it's around 24, I think it's over valued by 17%. CAPE 10 is 31 and should be below 20, so I think that's over valued by 35%. So your 25% looks to be as good a WAG as any. So I am going to keep my AA at 60/40 with 25% international, same as it was before I re...
by corn18
Sat May 05, 2018 10:17 am
Forum: Investing - Theory, News & General
Topic: Paying down your mortgage as a way to balance your portfolio?
Replies: 72
Views: 3850

Re: Paying down your mortgage as a way to balance your portfolio?

How do you rebalance your portfolio if most of the "bonds" are in home equity?
by corn18
Wed May 02, 2018 8:42 pm
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 30909

Re: KF's simple rules to achieve FI [Financial Independence]

Not too many years ago (6) I made $380k and had had a net worth of $0. Lots of toys, expensive vacations, a horse and unbridled spending. I did max our retirement accounts ($17,000). I was not rich. If I lost my job, we would be toast. Lots of debt and very little savings. Now I make $500k/ year and...
by corn18
Wed May 02, 2018 7:24 am
Forum: Investing - Help with Personal Investments
Topic: OrderingRules mega backdoor Roth
Replies: 8
Views: 610

Re: OrderingRules mega backdoor Roth

I think you've got it except for the earnings that occur inside the Roth IRA. That money is not available free until the Roth IRA itself is qualified - which will happen for you (not everybody) when you reach age 59.5. After that, you can take the earnings tax free and penalty free. I forgot to add...
by corn18
Tue May 01, 2018 6:08 pm
Forum: Investing - Help with Personal Investments
Topic: OrderingRules mega backdoor Roth
Replies: 8
Views: 610

Re: OrderingRules mega backdoor Roth

Maybe this helps (these are smaller than above. I was counting my wife's Roth above. This is just my Roth): 2014 - Roth IRA opened, no contributions 2015 - 11,000 non-taxable conversion, 603.29 taxable conversion (earnings before backdoor) [starts 5 year clock] 2016 - 21,852.70 non-taxable conversi...
by corn18
Tue May 01, 2018 2:37 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6550
Views: 1406010

Re: U.S. stocks in freefall

Weird day. My megacorp announced kick butt earnings and the stock is down 5%. At least our P/E is more reasonable now :confused
by corn18
Tue May 01, 2018 2:35 pm
Forum: Investing - Help with Personal Investments
Topic: OrderingRules mega backdoor Roth
Replies: 8
Views: 610

Re: OrderingRules mega backdoor Roth

Maybe this helps (these are smaller than above. I was counting my wife's Roth above. This is just my Roth): 2014 - Roth IRA opened, no contributions 2015 - 11,000 non-taxable conversion, 603.29 taxable conversion (earnings before backdoor) [starts 5 year clock] 2016 - 21,852.70 non-taxable conversio...
by corn18
Tue May 01, 2018 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: OrderingRules mega backdoor Roth
Replies: 8
Views: 610

Re: OrderingRules mega backdoor Roth

I have been contributing to my after tax 401k and then doing the mega backdoor Roth through Fidelity. I then transfer the FIDO Roth to my USAA Roth that I use for regular backdoor Roth every year. My question is on the ordering rule now that I have rolled my FIDO Roth into my USAA Roth. I cannot fi...
by corn18
Tue May 01, 2018 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Help me get on top of some debt before college expenses arrive...
Replies: 50
Views: 2767

Re: Help me get on top of some debt before college expenses arrive...

Pay off these 4 with taxable: Car loan 1, 72 months @ 2.4%, balance $19.5k, payment $413/mo Car loan 2, 72 months @ 2.69%, balance $22.7k, payment $413/mo 401k loan 1, 60 months @ 3%, balance $12.9k, payment $371/mo 401k loan 2, 60 months @ 3%, balance $17.9k, payment $450/mo Then see how things fee...
by corn18
Mon Apr 30, 2018 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: OrderingRules mega backdoor Roth
Replies: 8
Views: 610

OrderingRules mega backdoor Roth

I have been contributing to my after tax 401k and then doing the mega backdoor Roth through Fidelity. I then transfer the FIDO Roth to my USAA Roth that I use for regular backdoor Roth every year. My question is on the ordering rule now that I have rolled my FIDO Roth into my USAA Roth. I cannot fig...
by corn18
Sat Apr 28, 2018 6:59 pm
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 30909

Re: KF's simple rules to achieve FI [Financial Independence]

Do we really need more rules? I just follow the wiki. Folks spend a lot of time posting about non BH stuff and I appreciate the diversity, but I don’t like to complicate the basic BH tenants.
by corn18
Sat Apr 28, 2018 7:06 am
Forum: Personal Finance (Not Investing)
Topic: AF pilots and retention bonus, glad you stayed or happy you went?
Replies: 27
Views: 3650

Re: AF pilots and retention bonus, glad you stayed or happy you went?

$1.9M - approximate value of my COLA pension with survivor benefits ($3757 / mo starting at age 42, I'm 52 now) Priceless - Healthcare for life for my wife and me. We spend about $2500 out of pocket each year for medical care. That's with a couple of heart attacks and many ER visits. Navy pilot, sta...
by corn18
Thu Apr 26, 2018 8:49 pm
Forum: Investing - Help with Personal Investments
Topic: What would be an optimal annual plan for contributions including a Backdoor Roth?
Replies: 23
Views: 591

Re: How do you fund your Backdoor Roth and 401(k) contributions starting Jan 1st without dipping into emergency savings?

why do you feel the need to have to fund the backdoor roth in Jan? Put in 1/12 of your max over the year and do the backdoor in Jan. God forbid you make some earnings, though.
by corn18
Mon Apr 23, 2018 4:53 pm
Forum: Investing - Theory, News & General
Topic: Bill Bonner: what's your take?
Replies: 38
Views: 3548

Re: Bill Bonner: what's your take?

This guy Bob always makes me feel better about my BH way of investing:

Bob: the world's worst market timer

http://awealthofcommonsense.com/2014/02 ... ket-timer/
by corn18
Mon Apr 23, 2018 11:51 am
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 30909

Re: KF's simple rules to achieve FI

I did read through the thread, but I am going to go back and quote the first post to ask some follow up questions..... KF, can I ask you a general question - what specific kind of engineer are you? I've seen you mention being an engineer and also mention IT. But you also talk about HCOL area and fa...
by corn18
Sun Apr 22, 2018 7:52 am
Forum: Personal Finance (Not Investing)
Topic: How long have you been unemployed?
Replies: 60
Views: 5509

How long have you been unemployed?

As a corollary to the other post about how long you have you been employed, how long have you been unemployed? Adding your age might be helpful.

Age 52
Unemployed: 0 been working uninterrupted since 1984.
by corn18
Sat Apr 21, 2018 11:44 am
Forum: Personal Consumer Issues
Topic: How long have you been employed?
Replies: 44
Views: 2640

Re: How long have you been employed?

30 years if you don’t count the 4 years at the Naval Academy. Although I did get paid there. $30/month.
by corn18
Fri Apr 20, 2018 5:36 pm
Forum: Investing - Theory, News & General
Topic: KF's simple rules to achieve FI [Financial Independence]
Replies: 451
Views: 30909

Re: KF's simple rules to achieve FI

I saved for college. Now that I am paying for college, I am cash flowing it. Best of both worlds.
by corn18
Wed Apr 18, 2018 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Check my logic please (life insurance)
Replies: 19
Views: 976

Re: Check my logic please (life insurance)

Build a ladder. I built one with 10,20 & 30 year policies. Ladder matches my projected need if I died. Much cheaper than a full 30 year term policy.
by corn18
Tue Apr 17, 2018 11:51 am
Forum: Investing - Help with Personal Investments
Topic: 401K rollover to Fidelity or my new 401K?
Replies: 16
Views: 962

Re: 401K rollover to Fidelity or my new 401K?

Does your new 401k allow you to start withdrawing at age 55 if you leave them? That's what I like about my 401k. If I stay until 55, I can start withdrawing then without penalty. It's called the rule of 55 and is quite handy if your plan allows it.
by corn18
Thu Apr 12, 2018 10:52 am
Forum: Investing - Theory, News & General
Topic: Bull Market Timing
Replies: 60
Views: 4791

Re: Bull Market Timing

Can someone remind me why we shouldn’t try to time the market? This bull market has been incredible but it doesn’t take a genius to look at historical averages and see we’re near the end here... On the other hand, it could go up another 50% before we hit this "end" you are talking about. Historical...
by corn18
Thu Apr 12, 2018 9:55 am
Forum: Investing - Help with Personal Investments
Topic: Deploying EF and College funds
Replies: 6
Views: 253

Re: Deploying EF and College funds

As an update, I did nothing.