Search found 1934 matches

by delamer
Thu May 25, 2017 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: How to calculate the top of the 15% bracket?
Replies: 19
Views: 1504

Re: How to calculate the top of the 15% bracket?

Are you making any contributions to a tax-deferred account like a 401(k)? If so, that lowers your taxable income.
by delamer
Thu May 25, 2017 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: When does Saving become missing out on life?
Replies: 45
Views: 3616

Re: When does Saving become missing out on life?

You mentioned "our mortgage" which implies that there is a spouse or significant other in your life. In that case, one thing to take a hard look at is how your savings obsession is affecting that person. Has s/he complained about your savings habits and how they are affecting your partners...
by delamer
Thu May 25, 2017 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: 4 Years to Retirement. Want to get out of Fidelity PAS. Need Advice
Replies: 29
Views: 1295

Re: 4 Years to Retirement. Want to get out of Fidelity PAS. Need Advice

After we both reach 67, our pensions and SS will fund the lifestyle we want to live. We won't need money from our retirement funds for normal living. At that point we will probably increase our risk a little. Our main goal is to maintain most of the pile we have now as the current amount allows me ...
by delamer
Wed May 24, 2017 9:27 pm
Forum: Investing - Help with Personal Investments
Topic: Saving for an unemployed spouse + retirement questions
Replies: 3
Views: 479

Re: Saving for an unemployed spouse + retirement questions

A 401(k) plan is a specific retirement savings plan sponsored by an employer. It is not an umbrella term for all retirement plans. It is named for a specific section of the U.S. tax code. An unemployed person can't contribute to a 401(k). Your wife also can't contribute to an IRA if she doesn't have...
by delamer
Wed May 24, 2017 8:59 pm
Forum: Investing - Theory, News & General
Topic: Cash flow observation
Replies: 21
Views: 1377

Re: Cash flow observation

Your dad undoubtedly had a significant pension. Those are much less common than they used to be. So most people now need net worth to generate cash flow -- either by purchasing an annuity or spending down their assets -- in retirement.
by delamer
Wed May 24, 2017 6:46 pm
Forum: Investing - Help with Personal Investments
Topic: Proactive Strategy
Replies: 6
Views: 351

Re: Proactive Strategy

Read both of these, and you should be able to answer your own question: http://www.etf.com/docs/IfYouCan.pdf http://awealthofcommonsense.com/2014/02/worlds-worst-market-timer/ Regarding your stock funds, are you aware that there is a lot of overlap of the holdings of the three funds? Same thing for ...
by delamer
Wed May 24, 2017 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: i am my own "guy," but not sure I should advertise that
Replies: 75
Views: 8061

Re: i am my own "guy," but not sure I should advertise that

Investing never arises in any conversations I have with friends and acquaintances. Taxes sometimes but investing, never. There are two older ladies I know who routinely talk to me about investing for retirement, but it always seems to come down to their fear. I explain about the market's history of...
by delamer
Wed May 24, 2017 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: How to calculate tax benefit of owning a home
Replies: 28
Views: 1401

Re: How to calculate tax benefit of owning a home

As with much in personal finance, this differs widely by individual/family. We have a highish income tax rate in our state and live in a HCOL area within the state. So real estate is pricey with lots of interest being on mortgages, plus the property taxes (which are actually on the moderate side). S...
by delamer
Wed May 24, 2017 1:30 pm
Forum: Investing - Help with Personal Investments
Topic: Avoiding Taxes with RMD
Replies: 22
Views: 2060

Re: Avoiding Taxes with RMD

Two steps to take: Use the Taxcaster app to estimate your taxes for 2018, including your Social Security and RMD. This will tell you if you'll be pushed into a different bracket based on the new income sources. If this turns out to be the case, consider taking a withdrawal from your tax-deferred acc...
by delamer
Wed May 24, 2017 12:58 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Help for Dad
Replies: 13
Views: 459

Re: Portfolio Help for Dad

What is your father's goal for this money? Given that his pension/SS more than covers his expenses and that he won't need to take RMDs since it is taxable, it sounds like he can let it ride indefinitely. But if, for example, he wants to contribute to his grandkids' college expenses that would call f...
by delamer
Wed May 24, 2017 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: How to on rate of returns?
Replies: 4
Views: 294

Re: How to on rate of returns?

QuasarZ wrote:So if I did let's say a 90/10 with 55 domestic, 35 intl, 10 bond I could do

(7 * 0.55)+(14 * 0.35)+(3 * 0.10)

Thanks


Yes
by delamer
Wed May 24, 2017 11:33 am
Forum: Investing - Help with Personal Investments
Topic: New to the forum and retiring this fall
Replies: 25
Views: 1882

Re: New to the forum and retiring this fall

I'll be in your exact spot in 2 years. So I'm very interested in the replies you get from your post. One thing I would like to add to all of the above so far is to take your time doing this. I've heard honor stories from former co workers about moving 100% of their TSP into an IRA (because of the w...
by delamer
Wed May 24, 2017 11:19 am
Forum: Investing - Help with Personal Investments
Topic: How to on rate of returns?
Replies: 4
Views: 294

Re: How to on rate of returns?

You need to do a weighted average, based on the portion each individual fund would have made up of your portfolio. So if the 7% fund would have been half of your portfolio (in dollars) and 14% and 3% would each have been one quarter then (7 * 0.5)+(14 * 0.25)+(3 * 0.25)=7.75 If the three funds are t...
by delamer
Wed May 24, 2017 11:10 am
Forum: Investing - Help with Personal Investments
Topic: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)
Replies: 108
Views: 12569

Re: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)

Interesting discussion.. Regarding if you don't need the money (i.e. You have a large enough savings) say you were planning on a ~4% withdraw, could you in fact take ~5% for the first 8 years assume you retire at 62 and defer SS until you are 70. But then be able to withdrawal 3.3% (some number) an...
by delamer
Wed May 24, 2017 10:42 am
Forum: Investing - Help with Personal Investments
Topic: New to the forum and retiring this fall
Replies: 25
Views: 1882

Re: New to the forum and retiring this fall

I'll be in your exact spot in 2 years. So I'm very interested in the replies you get from your post. One thing I would like to add to all of the above so far is to take your time doing this. I've heard honor stories from former co workers about moving 100% of their TSP into an IRA (because of the w...
by delamer
Tue May 23, 2017 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: i am my own "guy," but not sure I should advertise that
Replies: 75
Views: 8061

Re: i am my own "guy," but not sure I should advertise that

You were not evangelizing. You just answered a question! I get two reactions when I mention that I handle our investing and that I am active on this forum. One is that people are impressed that I am a do-it-yourselfer. The other is similar to what your neighbor said -- basically that they find the w...
by delamer
Tue May 23, 2017 8:37 pm
Forum: Investing - Help with Personal Investments
Topic: New to the forum and retiring this fall
Replies: 25
Views: 1882

Re: New to the forum and retiring this fall

Thanks! off the top of my head SS statement says about $3000/mo at 70. Wife hasn't worked since 2003, and I can't remember for sure what her statement indicates. Not as much, but still worth looking at. What have you done with your TSP? I have not touched it; I've been retired almost 2 years. My hu...
by delamer
Tue May 23, 2017 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Identify theft inusrance coverage - worth it?
Replies: 10
Views: 690

Re: Identify theft inusrance coverage - worth it?

We have it. Same $25 price for four people. Given the low cost and that we manage all of our finances online, it made sense for us.
by delamer
Tue May 23, 2017 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: New to the forum and retiring this fall
Replies: 25
Views: 1882

Re: New to the forum and retiring this fall

Thanks! off the top of my head SS statement says about $3000/mo at 70. Wife hasn't worked since 2003, and I can't remember for sure what her statement indicates. Not as much, but still worth looking at. What have you done with your TSP? I have not touched it; I've been retired almost 2 years. My hu...
by delamer
Tue May 23, 2017 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: New to the forum and retiring this fall
Replies: 25
Views: 1882

Re: New to the forum and retiring this fall

Thanks Delamer, will do. I just can't be too detailed at the moment, as we are still gathering all of our info together. This whole retirement thing has really crept up on us. I just stumbled upon the whole Bogleheads' philosophy late Sunday night and am still sorting through all of the info. To ge...
by delamer
Tue May 23, 2017 6:22 pm
Forum: Investing - Help with Personal Investments
Topic: New to the forum and retiring this fall
Replies: 25
Views: 1882

Re: New to the forum and retiring this fall

Welcome. While it can be disconcerting to reveal the details of your financial, even anonymously and online, we need more specifucs to give you good advice. Here is the preferred format for asking portfolio questions: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 In addition, tell u...
by delamer
Tue May 23, 2017 6:02 pm
Forum: Investing - Help with Personal Investments
Topic: New to the forum and retiring this fall
Replies: 25
Views: 1882

Re: New to the forum and retiring this fall

a pension/annuity + compensation for being forced out early due to age of roughly $120k Just to clarify - this is $120,000 per year for the rest of your life? Is there a survivor benefit if you predecease your spouse? Yes, it's 120k per year, at 62 the extra 20k goes away as SS eligibility kicks in...
by delamer
Tue May 23, 2017 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: New to the forum and retiring this fall
Replies: 25
Views: 1882

Re: New to the forum and retiring this fall

Welcome. While it can be disconcerting to reveal the details of your financial, even anonymously and online, we need more specifucs to give you good advice. Here is the preferred format for asking portfolio questions: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 In addition, tell u...
by delamer
Tue May 23, 2017 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: Should I have taken Social Security at 65 instead of 66?
Replies: 6
Views: 726

Re: Should I have taken Social Security at 65 instead of 66?

What month is your statement dated? Since the benefit amount increases per month, it may be that it is based on 65 plus several months.
by delamer
Tue May 23, 2017 3:50 pm
Forum: Investing - Help with Personal Investments
Topic: New to the forum and retiring this fall
Replies: 25
Views: 1882

Re: New to the forum and retiring this fall

Welcome. While it can be disconcerting to reveal the details of your financial, even anonymously and online, we need more specifucs to give you good advice. Here is the preferred format for asking portfolio questions: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 In addition, tell us...
by delamer
Tue May 23, 2017 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: Relative owns lots of funds through various fund companies, can he combine?
Replies: 8
Views: 524

Re: Relative owns lots of funds through various fund companies, can he combine?

A potential downside: If the funds have been with the various providers for many years, it's likely that a big portion of them are "uncovered", as far as falling under IRS guidelines for providers tracking cost basis. Moreover, the actual basis may be complicated, in that he may have been...
by delamer
Tue May 23, 2017 2:10 pm
Forum: Investing - Help with Personal Investments
Topic: More assistance & help with 73 Father In Law - planning
Replies: 11
Views: 850

Re: More assistance & help with 73 Father In Law - planning

I Thinking more, maybe I will do this: My concern with the deferred annuity is that while it would guarantee him income down the road, it still might not be enough for him to live even once he gets his housing costs down. But I understand why you are considering it. Hopefully, you can get him into ...
by delamer
Tue May 23, 2017 10:45 am
Forum: Investing - Help with Personal Investments
Topic: More assistance & help with 73 Father In Law - planning
Replies: 11
Views: 850

Re: More assistance & help with 73 Father In Law - planning

I understand that you are trying to boost his income for future years when his part-time work income might not be available. But with the setup you are proposing, he'd only have 10% of his assets in readily available cash for several years. And he seems a bit young to tie up 40% of his assets in a ...
by delamer
Mon May 22, 2017 10:20 pm
Forum: Investing - Help with Personal Investments
Topic: I admit, I give up [need strategy for getting back in]
Replies: 30
Views: 4219

Re: I admit, I give up [need strategy for getting back in]

since you are making 500,000/year unless your expenses are really high and cannot be reduced you could probably put your money in low risk places (bond fund, etc) and be fine. if you could save 1/2 of your income you would save $1 million every 4 years. This is an interesting perspective, and worth...
by delamer
Mon May 22, 2017 9:52 pm
Forum: Investing - Help with Personal Investments
Topic: More assistance & help with 73 Father In Law - planning
Replies: 11
Views: 850

Re: More assistance & help with 73 Father In Law - planning

I understand that you are trying to boost his income for future years when his part-time work income might not be available. But with the setup you are proposing, he'd only have 10% of his assets in readily available cash for several years. And he seems a bit young to tie up 40% of his assets in a d...
by delamer
Mon May 22, 2017 4:02 pm
Forum: Investing - Help with Personal Investments
Topic: Dividends Reinvested?
Replies: 10
Views: 555

Re: Dividends Reinvested?

Your quarterly statement should make it clear, except possibly in the case of an employer-sponsored plan
by delamer
Mon May 22, 2017 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Please help me choose between 2 Health plans
Replies: 4
Views: 266

Re: Please help me choose between 2 Health plans

I do not see any reason to go with Plan A. The premium difference is not worth the extra cost upside risk with much higher deductibles. Maybe only a low 20's/no health issues person would do Plan A. In order for Plan A to make sense, it would have to be accompanied with an HSA where the employer pu...
by delamer
Mon May 22, 2017 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Help finding private loan for additional education
Replies: 8
Views: 395

Re: Help finding private loan for additional education

Try contacting the financial aid office at the medical school or the university with which it is affiliated. I am sure that that will have suggestions. The website says "Financial Assistance The program does not qualify for federally sponsored or subsidized loans as this is a certificate progr...
by delamer
Mon May 22, 2017 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Looking to give financial advice to my friend, who is near retirement. Should he take on another mortgage?
Replies: 21
Views: 1119

Re: Looking to give financial advice to my friend, who is near retirement. Should he take on another mortgage?

Has he talked to the soon-to-be owners about their plans for the house? Even just asking them if they plan to move in or keep the house as a rental? No he hasn't but should! It's actually part of a much larger property (with a much bigger/more expensive house down the road which the current landlor...
by delamer
Mon May 22, 2017 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Help finding private loan for additional education
Replies: 8
Views: 395

Re: Help finding private loan for additional education

Try contacting the financial aid office at the medical school or the university with which it is affiliated. I am sure that that will have suggestions.
by delamer
Mon May 22, 2017 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Looking to give financial advice to my friend, who is near retirement. Should he take on another mortgage?
Replies: 21
Views: 1119

Re: Looking to give financial advice to my friend, who is near retirement. Should he take on another mortgage?

Has he talked to the soon-to-be owners about their plans for the house? Even just asking them if they plan to move in or keep the house as a rental?
by delamer
Sun May 21, 2017 2:17 pm
Forum: Personal Consumer Issues
Topic: Firefox painfully slow
Replies: 23
Views: 2100

Re: Firefox painfully slow

Also have not had any significant problems with Firefox.
by delamer
Sun May 21, 2017 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Leave a Free Investment Advisor?
Replies: 23
Views: 2075

Re: Should I Leave a Free Investment Advisor?

Responding to Delamar's point - wouldn't it be the case that if I'm not touching the money for 20 or 30 years, I would be better off paying taxes on the initial investment now (and no taxes on the gains later) instead of paying no tax now and having to pay tax on the gains later? I've read Delamar'...
by delamer
Sun May 21, 2017 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Leave a Free Investment Advisor?
Replies: 23
Views: 2075

Re: Should I Leave a Free Investment Advisor?

Thanks everyone for such quick and helpful responses! To answer your question, delamar, to my knowledge I am maxing out my tax-deferred plans. I put $5,500/year in a ROTH, and the government retirement plan has a ROTH and non-Roth option (called traditional TSP and ROTH TSP), and I maxed out the RO...
by delamer
Sun May 21, 2017 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Watching elderly family members burn money
Replies: 17
Views: 2488

Re: Watching elderly family members burn money

... and it's often free to sell equipment/household goods directly. I'm curious what free sales channel you would suggest an elderly lady to sell a tractor mower worth ~$22,000? To start with, the seller has to specify a price, and that either costs something or takes a lot of research. Hard work i...
by delamer
Sun May 21, 2017 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Watching elderly family members burn money
Replies: 17
Views: 2488

Re: Watching elderly family members burn money

I understand why you are upset about not being able to take out a few sentimental items prior to the auction. But I don't really understand why you are so upset about the auction. In some areas, auctions are a common way to sell real estate. There is value in having a third party, like the auction h...
by delamer
Sun May 21, 2017 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Lump Sum Vs. Annuity?
Replies: 4
Views: 504

Re: Lump Sum Vs. Annuity?

Is the $181K what you'd get as a lump sum if you took the reduced pension? The differences in the monthly pension seem awfully small, in that case. You'd get better advice if you listed all your sources of income in retirement (either annually or monthly), plus tax-advantaged and taxable investments...
by delamer
Sun May 21, 2017 10:20 am
Forum: Investing - Help with Personal Investments
Topic: Should I Leave a Free Investment Advisor?
Replies: 23
Views: 2075

Re: Should I Leave a Free Investment Advisor?

You are on the right track by moving away from the advisor. My observation, based on the portfolios of family members and those posted on this forum, is that your advisor will keep adding more stocks/funds as your account grows and it will get harder to understand. Advisors seem prone to add lots of...
by delamer
Sat May 20, 2017 1:09 pm
Forum: Personal Consumer Issues
Topic: What are your priorities for retirement?
Replies: 56
Views: 4920

Re: What are your priorities for retirement?

I am not really sure what you are asking. Your priorities reflect you. My priorities reflect me. We all make choices.
by delamer
Fri May 19, 2017 7:37 pm
Forum: Investing - Theory, News & General
Topic: Interesting conversation with an alleged SS actuary
Replies: 63
Views: 4642

Re: Interesting conversation with an alleged SS actuary

Well, if he wasn't actually a retired SSA actuary, he certainly understands the program.

The population as a whole drives actuarial calculations. What is optimal for an individual (or couple) isn't determined by the population.
by delamer
Fri May 19, 2017 6:52 pm
Forum: Investing - Help with Personal Investments
Topic: If You Can't
Replies: 25
Views: 1547

Re: If You Can't

You are thinking purely about the accumulation phase. At some point, you will need to withdraw from your portfolio. Keeping a portion in bonds/cash allows you to use those funds for withdrawals in the event of a market downturn, rather than selling stocks when they have declined in value. Also, just...
by delamer
Fri May 19, 2017 5:55 pm
Forum: Investing - Help with Personal Investments
Topic: If You Can't
Replies: 25
Views: 1547

Re: If You Can't

Each target date fund is managed differently; your question is too broad. If you believe that you could not avoid intervening with a two-fund or three-fund portfolio, what makes you think a target date fund would stop you? Because I never have to rebalance and I can't tweak the allocations, I would...
by delamer
Fri May 19, 2017 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Suggestions for paying off a loan
Replies: 13
Views: 957

Re: Suggestions for paying off a loan

Based on your formula, there are two options -- increase income or decrease expenses. No other magic bullets.
by delamer
Fri May 19, 2017 5:44 pm
Forum: Investing - Help with Personal Investments
Topic: If You Can't
Replies: 25
Views: 1547

Re: If You Can't

Each target date fund is managed differently; your question is too broad.

If you believe that you could not avoid intervening with a two-fund or three-fund portfolio, what makes you think a target date fund would stop you?

Go to advanced search