Search found 3637 matches

by itstoomuch
Fri Mar 24, 2017 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: Help with TaxAct 1099 forms for joint owners (spouses)
Replies: 1
Views: 108

Re: Help with TaxAct 1099 forms for joint owners (spouses)

I couldn't.
I used the TIN. I distinguish the accounts by naming the accounts and by using the account number for the issuer.
by itstoomuch
Fri Mar 24, 2017 1:05 am
Forum: Investing - Help with Personal Investments
Topic: Help with my father's windfall
Replies: 25
Views: 2432

Re: Help with my father's windfall

Re: Annuity This may be gone with Mother's passing. You need to take a look into the legal contract that was signed to discover terms. I don't believe the annuity can be taken away if it was not being annuitized yet? No money has been drawn at all. I will research more. There are many types of annu...
by itstoomuch
Fri Mar 24, 2017 1:02 am
Forum: Investing - Help with Personal Investments
Topic: Help with my father's windfall
Replies: 25
Views: 2432

Re: Help with my father's windfall

The student loans if taken out by your mother for you and sister may now be extinguished because of her passing. It depends who issued loan and when. YMMV
by itstoomuch
Fri Mar 24, 2017 12:22 am
Forum: Personal Consumer Issues
Topic: Vegetable Gardening - seeds vs seedlings?
Replies: 29
Views: 2229

Re: Vegetable Gardening - seeds vs seedlings?

Mid Valley Oregon. I put in kale starts and leaf lettuce starts this week. Kale in the open. leaf under plastic. Also planted seeds oudoors but weather is still too cold. I'll plant some kale, mustard and lettuce seeds this week inside. Replant sunchokes in pots . Normally we have volunteer kale and...
by itstoomuch
Fri Mar 24, 2017 12:01 am
Forum: Investing - Theory, News & General
Topic: AA after reaching your "freedom number"?
Replies: 34
Views: 2573

Re: AA after reaching your "freedom number"?

We bought deferred annuities (GLWB). We began exercising their call feature in 2016. We also have Discretionary IRAS, ROTH, Taxable that I use for risk management, valuation buy/sells, short-term and long-term objectives. No bonds. Assets: ~75% protected. ~25% variable without restriction and ranges...
by itstoomuch
Thu Mar 23, 2017 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Follow up: What is RMD for wife (61) after death of husband (72)
Replies: 7
Views: 916

Re: Follow up: optimizing decisions after spouse's death

IMO,
Look in to taking SS earlier rather than later. Use SS income or Lose SS income on death.
Ymmv because of SS survivorship income.

Go out and get a tax program. Put some numbers in for 2017 and for 2018. Fine tune with a tax accountant consultant.
by itstoomuch
Thu Mar 23, 2017 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: How did you do your income taxes?
Replies: 82
Views: 2640

Re: How did you do your income taxes?

Use TaxAct for planning. CPA for actual work and filing. I then plug in CPA's numbers into TA and do tax planning for the current year (2017). :greedy I need to know how much I can afford (income) to do IRA to Roths, IRA distributions, and 529 contribution or no qualified withdrawal. On the deductio...
by itstoomuch
Thu Mar 23, 2017 11:22 am
Forum: Personal Consumer Issues
Topic: Need help with info about Portland
Replies: 14
Views: 898

Re: Need help with info about Portland

Better not be around August 21.
by itstoomuch
Wed Mar 22, 2017 9:09 pm
Forum: Investing - Theory, News & General
Topic: What's your strategy for withdrawing funds in Retirement ?
Replies: 37
Views: 3221

Re: What's your strategy for withdrawing funds in Retirement ?

We knowing bought deferred income annuities that are RMD friendly, among other options.
Our IRA withdrawals are already going into taxable discretionary acct s.
Our real question is managing the Income taxes and risks within the Discretionary bucket.
Work-in-progress. Will consult.
YMMV
by itstoomuch
Wed Mar 22, 2017 4:51 pm
Forum: Investing - Theory, News & General
Topic: "Rising Equity Glide Path" ?
Replies: 40
Views: 5832

Re: "Rising Equity Glide Path" ?

Our "equity" couched in BH terms is our Discretionary. This Discretionary is about 20-25% of net worth, not including home but includes the discounted SS and Pension @ 3.5% to age 90. Currently the "equity" is holding 85% cash, down from 85% holding funds and stock in late Dec 20...
by itstoomuch
Wed Mar 22, 2017 2:40 pm
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rate Timing Problem
Replies: 20
Views: 1592

Re: Safe Withdrawal Rate Timing Problem

IMO, if a person has considerable IRA assets, the issues for RMD become larger than a SWR. Your RMD will exceed a 4% swr in your early 70s and there after. You have to "time" your RMD into a taxable account when your IPS/Otar/Firecal/Monte Carlo says you should only do a SWR amount. YMMV :...
by itstoomuch
Wed Mar 22, 2017 12:25 am
Forum: Investing - Theory, News & General
Topic: Anyone else taking less risk
Replies: 115
Views: 9247

Re: Anyone else taking less risk

^ :moneybag :greedy :dollar
Very good...
by itstoomuch
Tue Mar 21, 2017 1:25 am
Forum: Investing - Help with Personal Investments
Topic: Retirement Plan: Do it myself or use Advisor?
Replies: 41
Views: 2965

Re: Retirement Plan: Do it myself or use Advisor?

It's complicated. LONG Bought my first stock (Recommendation of older bro) at age 15 by walking into one of brokers with many names. It was not a custodial or UGMA. Later, my older bro told me about MM funds (mid 70s, think about Pres. Ford's time). He was working at the FED. A decade later, my supe...
by itstoomuch
Mon Mar 20, 2017 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Endless Job Interviews (with same company)
Replies: 58
Views: 5498

Re: Endless Job Interviews (with same company)

Anecdotal: Our son had his name out in the market about 5 years ago. Very large consumer electronics firm contacted on Weds nite (day 1) and did a phone interview. Thursday (D2) he did some more phone interviews/question with this co. Friday (D3) they asked him to fly down from Seattle to SanJose, t...
by itstoomuch
Sun Mar 19, 2017 3:17 pm
Forum: Investing - Theory, News & General
Topic: Anyone else taking less risk
Replies: 115
Views: 9247

Re: Anyone else taking less risk

As much as I have respect for Jack and Warren, I think that they mean well but they do seem to have much more wealth than we do and it seems that their income streams are seemingly inexhaustible. ... We are fine and OK, but our streams of income aren't inexhaustible and do have big tail risks. YMMV ...
by itstoomuch
Sun Mar 19, 2017 3:11 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 28
Views: 2274

Re: Help me help my GF with her Oppenheimer 403(b)...

JMHO. once you get involved in your GF/BF long range financial planning, the you might as well enjoy the future results. Get Married :oops: :annoyed :moneybag already. :mrgreen:
by itstoomuch
Sun Mar 19, 2017 2:58 pm
Forum: Personal Consumer Issues
Topic: Do you purposely spend with companies in your investment portfolio?
Replies: 42
Views: 1949

Re: Do you purposely spend on products/services with companies that are in your investment portfolio?

It was the other way around.
We bought stock (Discretionary) in the companies that had products that we prefer. :oops:
Mostly holding cash from sells. Valuations are pretty high in these companies.
by itstoomuch
Sat Mar 18, 2017 3:31 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation in Retirement - Me 100% Stocks.
Replies: 53
Views: 2907

Re: Asset Allocation in Retirement - Me 100% Stocks.

@OP, Combination of Financial advisor, what happen to older bro (one of many risk managers at BigBank, PhD economics), observations of tier1-PER s, Bill Bernstein, Peter L. Bernstein and simulations to help me fall asleep :annoyed . No particular order. :idea: Yes, we "bought" annuities, t...
by itstoomuch
Sat Mar 18, 2017 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Divesting to heirs. When and how quickly.
Replies: 45
Views: 4059

Re: Divesting to heirs. When and how quickly.

Bookmarked.
We have an Only who probably won't need the inheritance.
by itstoomuch
Sat Mar 18, 2017 3:00 pm
Forum: Investing - Theory, News & General
Topic: Anyone else taking less risk
Replies: 115
Views: 9247

Re: Anyone else taking less risk

^ @hollowcave 2
I see that you are joined BH in 2007, at the beginning of the bubble popping.
So is your experience in 2007-2010 influencing you today?
by itstoomuch
Sat Mar 18, 2017 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation in Retirement - Me 100% Stocks.
Replies: 53
Views: 2907

Re: Asset Allocation in Retirement - Me 100% Stocks.

OP , you're living off pension and SS and so put your net after-tax RMD money , the gravy , where ever - you as well as anyone else will only know if it was the right decision with hindsight :happy One consideration is my pension I selected single annuity, so if I pass before my spouse, it stops. S...
by itstoomuch
Sat Mar 18, 2017 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation in Retirement - Me 100% Stocks.
Replies: 53
Views: 2907

Re: Asset Allocation in Retirement - Me 100% Stocks.

Given that you are fine with all equity, due to pensions/social covering your costs , I'd stay that way. This is the key. If you have guaranteed income streams like SS, annuities or pensions that cover your basic expenses then the risk to your lifestyle posed by holding higher levels of equities in...
by itstoomuch
Fri Mar 17, 2017 12:21 am
Forum: Investing - Theory, News & General
Topic: Anyone else taking less risk
Replies: 115
Views: 9247

Re: Anyone else taking less risk

Master IPS, dictates to "Don't get Greedy"
Annual IPS, says to protect assets for that retirement home we want buy.
It's Discretionary funds anyway.
We have enough.
by itstoomuch
Thu Mar 16, 2017 11:26 pm
Forum: Personal Finance (Not Investing)
Topic: Survivor owners of 529 plans set up by Grandpa
Replies: 7
Views: 664

specifically ... nonspecifically

We bought LTCi in our 50's to preserve our retirement assets to death. ... Our son will not need to divert his funds for our care, thus can devote more to his children. We inherited and bought a rental. We use the rent income to further defer annuities, IRAs, and other taxable...The rental will even...
by itstoomuch
Thu Mar 16, 2017 11:24 am
Forum: Investing - Help with Personal Investments
Topic: College Savings Outside 529 Plan
Replies: 15
Views: 669

Re: College Savings Outside 529 Plan

We chose investments that would have the capability to get to our education goal. In our case we wanted to fund a TT college. At our contribution rate, the funds needed to yield R% Rate, annual average compounded YMMV. This quickly eliminated bonds & high bond component funds. YMMV We understood...
by itstoomuch
Wed Mar 15, 2017 11:28 pm
Forum: Personal Consumer Issues
Topic: Advice on relocation or staying put
Replies: 81
Views: 4529

Re: Advice on relocation or staying put

The PNW, is a lifestyle.
We constantly marvel how other regions of the USA cope with their weather extremes and lack of natural diversity.
GL, YMMV.
by itstoomuch
Wed Mar 15, 2017 9:35 pm
Forum: Personal Consumer Issues
Topic: Preparing financially for our funerals - prepay or not?
Replies: 113
Views: 8771

Re: Preparing financially for our funerals - prepay or not?

Direct cremation is inexpensive. Inexpensive $400 at a direct cremation -$1000 at a full service funeral home, No services. Our parents have very few friends left, passed in their 90's) Oregon . We intend to, not do prepay.
YMMV
by itstoomuch
Tue Mar 14, 2017 1:52 pm
Forum: Investing - Theory, News & General
Topic: Dividends Vs Annuity
Replies: 32
Views: 3060

Re: Dividends Vs Annuity

I have a good friend, age 65, who had considered annuitizing a portion of his nest egg for income. He stumbled upon this article, suggesting a Wells Fargo Company preferred stock, paying a dividend yield similar to the annuity payment he'd receive at his age. http://m.seekingalpha.com/article/18310...
by itstoomuch
Mon Mar 13, 2017 11:46 pm
Forum: Investing - Theory, News & General
Topic: Don't let your political views impact your investment strategy
Replies: 28
Views: 3741

Re: Don't let your political views impact your investment strategy

+1 @ artsdoctor, Our high fee, VAs, have doubled since their late 2008 purchase plus I also taken out 5% in late 2016. My primary trading account has more than doubled since 2012. Health issues 2016 and into 2017. I'm taking a breather to reevaluate. We have more than enough. 66/69yo. :moneybag but ...
by itstoomuch
Sun Mar 12, 2017 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: National Averages (TaxAct)
Replies: 10
Views: 1124

Re: National Averages (TaxAct)

The "National Averages" which TaxAct uses are for those taxpayers which report the item. For example, if 20% of taxpayers in your bracket have capital gains, and their average gain is $5000, then $1000 would be a more realistic average, but TaxAct will report $5000. TaxAct does report the...
by itstoomuch
Sun Mar 12, 2017 1:16 am
Forum: Personal Finance (Not Investing)
Topic: National Averages (TaxAct)
Replies: 10
Views: 1124

National Averages (TaxAct)

Finished preliminary 2016 taxes on TaxAct before I submit to tax accountant. We do OK in living and have no lack for funds. Reviewing my inputs to the National Averages. We are far behind in categories: Taxable Interest Incm, Ordinary and qualified Dividends, Capital Gains, Total Adjusted Incm, and ...
by itstoomuch
Sat Mar 11, 2017 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Fincancial checklist for becoming a landlord in the future
Replies: 35
Views: 2290

Re: Fincancial checklist for becoming a landlord in the future

We get to visit on property manager ( son, unpaid) and check on property/tenants, twice a year as a deductible expense. :mrgreen:

My tax accountant goes to his rental in Phoenix, 2x/yr .
by itstoomuch
Sat Mar 11, 2017 12:38 pm
Forum: Investing - Theory, News & General
Topic: Anyone sorry they used bonds when starting out
Replies: 94
Views: 6665

Re: Anyone sorry they used bonds when starting out

Yes, OP. One exception, have enough reserves to buy on recessions and corrections. :P
Shoulda listened to Bogle in 1976. YMMV :moneybag
by itstoomuch
Sat Mar 11, 2017 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: 28yo, New Millionaire, Advice on Wealth Management
Replies: 64
Views: 6503

Re: 28yo, New Millionaire, Advice on Wealth Management

Think about insuring the big stuff, (life, health, legal, umbrella, big auto liability). (Fees are high vs no insurance. it's insurance and when you need it, you Really Need it.
YMMV
by itstoomuch
Sat Mar 11, 2017 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: 28yo, New Millionaire, Advice on Wealth Management
Replies: 64
Views: 6503

Re: 28yo, New Millionaire, Advice on Wealth Management

Think about getting enough SS and Medicare qualifying quarters.
(Fees are really very high but the probable payoff are huge)
by itstoomuch
Sat Mar 11, 2017 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: 28yo, New Millionaire, Advice on Wealth Management
Replies: 64
Views: 6503

Re: 28yo, New Millionaire, Advice on Wealth Management

Payoff student loans above 4% ( per rec from, artisan), but depending on how you receive your income. Student loan interest tax deduction phases out at ~$ 70k. Pay a professional tax advisor by the hour, rate depends on your location. [You could do this yourself using a tax program. ( Fees are fairl...
by itstoomuch
Fri Mar 10, 2017 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Fincancial checklist for becoming a landlord in the future
Replies: 35
Views: 2290

Re: Fincancial checklist for becoming a landlord in the future

See what lenders can prequal you for. The brick big bank didn't want to give us the better rates because we couldnt show enough retirement income even with a 25% downplay,. We have considerable deferred GLWB annuities and bank balances. So, we bought with cash, taking out ~ half a million from savin...
by itstoomuch
Fri Mar 10, 2017 11:07 am
Forum: Personal Consumer Issues
Topic: can you recommend good tires
Replies: 50
Views: 2237

Re: can you recommend good tires

We use Les Schwab Tire Centers. They are all over the Western States. Their service is exceptional.
by itstoomuch
Thu Mar 09, 2017 5:50 pm
Forum: Personal Consumer Issues
Topic: Where to buy rare steaks?
Replies: 67
Views: 4552

Re: Where to buy rare steaks?

OP should be looking for aged meat not rare meat.
YMMV
by itstoomuch
Thu Mar 09, 2017 1:09 pm
Forum: Investing - Theory, News & General
Topic: Sitting on cash....Waiting for a crash
Replies: 129
Views: 17002

Re: Sitting on cash....Waiting for a crash

^PkCrafter, said it very well. Accumulating and securing cash for a Seattle, retirement home. We are in a race to build up the down payment from removing monies from IRA into ROTHs and taxable, building funds from trading, and not losing. We are 85% cash in Discretionary since Feb 28. FR is very sec...
by itstoomuch
Wed Mar 08, 2017 7:33 pm
Forum: Investing - Theory, News & General
Topic: Why not hedge using futures?
Replies: 54
Views: 3550

Re: Why not hedge using futures?

Looked at it in 2008.
Consulted older bro.
It's fairly complicated and you have to rethink in terms of change rather than value.
Opted for deferred GLWB annuities, not cheap, and there was a learning curve.
No free rides on anything, especially money.
by itstoomuch
Wed Mar 08, 2017 7:14 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on "stuff" for kids?
Replies: 53
Views: 3507

Re: How much do you spend on "stuff" for kids?

In our time, at that age, we spent for clothes and a summer stayovers with his cousins. No toys. He hated being escorted and placed in the kiddie lounge at the airports. Today, for children of this age, we would substitute toys for electronic knowledge devices. Traveling is cheaper today than 25 yea...
by itstoomuch
Tue Mar 07, 2017 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: how often do you shrug at your IPS? [Investment policy statement]
Replies: 50
Views: 3627

Re: how often do you shrug at your IPS?

Prior to 2008, not enough.
After 2008 -2012. None
2012+, it varies. :greedy
by itstoomuch
Tue Mar 07, 2017 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: What assets in a Vanguard variable annuity if you are stuck with one
Replies: 18
Views: 1166

Re: What assets in a Vanguard variable annuity if you are stuck with one

itstoomuch wrote:
masha12 wrote:
itstoomuch wrote:Did you buy the GLWB option?


No. Don't tell me we should have. :(

Then, the strategy is to be fairly conservative.
Remember, you Bought an insured pension plan.
YMMV I
See Moshe Milevsky on VAs.


MN Finance, is correct.
I was thinking VA with GLWB.
by itstoomuch
Tue Mar 07, 2017 1:01 pm
Forum: Investing - Help with Personal Investments
Topic: What assets in a Vanguard variable annuity if you are stuck with one
Replies: 18
Views: 1166

Re: What assets in a Vanguard variable annuity if you are stuck with one

masha12 wrote:
itstoomuch wrote:Did you buy the GLWB option?


No. Don't tell me we should have. :(

Then, the strategy is to be fairly conservative.
Remember, you Bought an insured pension plan.
YMMV
See Moshe Milevsky on VAs.
by itstoomuch
Tue Mar 07, 2017 1:05 am
Forum: Personal Finance (Not Investing)
Topic: Too much house to buy in cash?
Replies: 14
Views: 1583

Re: Too much house to buy in cash?

Depends.
In Seattle, close in, this $$ will get you a new construction, townhouse 3-2/2, with a single garage, with a nice view from the roof deck. Current.
Expect to pay +8-10% more by this spring.
YMMV
by itstoomuch
Mon Mar 06, 2017 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: kiddie tax
Replies: 20
Views: 1959

Re: kiddie tax

I am in a situation where I might owe up to 3k in taxes due to the kiddie tax from about 9k in capital gains. But I have a lot of questions about rules of the kiddie tax. […snip] > Here is were it gets confusing for me. My dad does not claim me as a dependent for tax purposes. How would the IRS kno...

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