Search found 14 matches

by slipp1229
Wed Aug 03, 2016 8:46 am
Forum: Investing - Help with Personal Investments
Topic: Is my IRA really an IOU to the IRS??
Replies: 58
Views: 6097

Re: Is my IRA really an IOU to the IRS??

- Spouse never employed
- All $'s shown are my and her combined assets.
- Pension starts April 2017 (month after I retire)
by slipp1229
Wed Aug 03, 2016 6:35 am
Forum: Investing - Help with Personal Investments
Topic: Is my IRA really an IOU to the IRS??
Replies: 58
Views: 6097

Re: Is my IRA really an IOU to the IRS??

Wow... I'm somewhat overwhelmed by the array of answers! Thanks! :D My situation going into Retirement: Status Married (to retire in 6 months at 59) no debt Total savings: $1.8MM 401K: $1.1MM tIRA: $.2MM Roth: $.1MM Taxable & Cash: $.4MM Retirement Income Pension: $30,000/yr SS: $24,000/yr (assu...
by slipp1229
Tue Aug 02, 2016 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: Is my IRA really an IOU to the IRS??
Replies: 58
Views: 6097

Is my IRA really an IOU to the IRS??

A quick Retirement Planning question to the Boglehead community : As I approach early retirement at age 59 in 6 months, I was wondering if there is anything that could be done now (pre-retirement) with my sizeable Regular IRA's to lessen the tax burden when I finally start cashing them in many reti...
by slipp1229
Sat Jul 30, 2016 6:28 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring in 6 months ...Why should I pay $13,500/year to a Financial Advisor?
Replies: 43
Views: 4741

Re: Retiring in 6 months ...Why should I pay $13,500/year to a Financial Advisor?

Well .... It is unanimous! I should forget the AUM advisor. Maybe I should have expected that answer from the learned Boglehead community. I will use a trusted CPA for tax preparation and advice on a "as needed" basis... and when a retirement question arises... look here for the answer. :...
by slipp1229
Sat Jul 30, 2016 11:20 am
Forum: Investing - Help with Personal Investments
Topic: Retiring in 6 months ...Why should I pay $13,500/year to a Financial Advisor?
Replies: 43
Views: 4741

Retiring in 6 months ...Why should I pay $13,500/year to a Financial Advisor?

During the accumulation phase of my life I have always managed my own investments. Now that I will be retiring early (age 59) in 6 months, I have been talking to some Financial Advisors who specialize in Retirement Planning and their annual fees seem to range in the .75% to 1.25% range for my accoun...
by slipp1229
Wed Jul 27, 2016 4:15 pm
Forum: Investing - Help with Personal Investments
Topic: Building a Bond Ladder in VG Brokerage Acct
Replies: 6
Views: 640

Building a Bond Ladder in VG Brokerage Acct

I have a problem... Have way too much cash sitting in my VG brokerage acct that I would like to build a Bond Ladder with. This is in preparation for retirement in 6 months with a goal to generate monthly income. I've read Swedroe and others. Questions: 1) Can I buy/sell individual bonds in my VG bro...
by slipp1229
Mon Jul 25, 2016 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirees, how much did you leave on the table?
Replies: 202
Views: 15402

Re: Early retirees, how much did you leave on the table?

I too am going to retire early in 6 months (age 59)... A VERY easy and envious decision for all you guys/gals with a remaining working spouse. :beer I don't have that luxury. Wife never has worked outside the home. I hope the $2MM I have saved ($1.65MM after tax if cashed in now) will be enough to m...
by slipp1229
Sun Jul 10, 2016 10:55 am
Forum: Investing - Help with Personal Investments
Topic: When are 401k fees too high?
Replies: 20
Views: 1117

Re: When are 401k fees too high?

That expense ratio of 1.6% on the VG S&P 500 Index Fund does not make sense to me? :confused I have the exact same fund in my 401K plan at work (also managed by Voya) and the expense is just .04%. Is there another fee your company might be adding on?

Slipp
by slipp1229
Sun Sep 01, 2013 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring in 3 years and sitting on 85% cash since 2008
Replies: 75
Views: 8303

Re: Retiring in 3 years and sitting on 85% cash since 2008

Wow! ... What a great bunch of responses/people. Thanks!. I will carefully review each of your situations and decide which works best for me. My only reservation now is "timing". I feel waiting until the next equities correction takes place might be wise before jumping in with 50% ... but ...
by slipp1229
Sat Aug 31, 2013 11:26 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring in 3 years and sitting on 85% cash since 2008
Replies: 75
Views: 8303

Re: Retiring in 3 years and sitting on 85% cash since 2008

Joe, All
We must talk ... Thanks. I love detail.
Do you know of a BH topic focused on just this topic?
I need direction being a newbie to this fantastic source of retirement information.
Slipp
by slipp1229
Sat Aug 31, 2013 11:01 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring in 3 years and sitting on 85% cash since 2008
Replies: 75
Views: 8303

Re: Retiring in 3 years and sitting on 85% cash since 2008

Great feedback... Thanks
If the majority of 55+ year old BH's are 50% or less in equities... what is the the other 50% of your retirment funds in?
Cash, Annuities, Saving Acct... making .1% ?
Thanks
Slipp
by slipp1229
Sat Aug 31, 2013 10:28 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring in 3 years and sitting on 85% cash since 2008
Replies: 75
Views: 8303

Re: Retiring in 3 years and sitting on 85% cash since 2008

Yes, I know the Market has been doing well for the last 3-4 years... I have always been 90% in stocks since 1980, so have made a great deal of money. But.... Then 2000 happened and then the "Big One" 2007-8-9". As I approach retirement, there is no room for 40-50% losses in my retirem...
by slipp1229
Sat Aug 31, 2013 10:02 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring in 3 years and sitting on 85% cash since 2008
Replies: 75
Views: 8303

Re: Retiring in 3 years and sitting on 85% cash since 2008

Thanks for the fast responses.... looking forward to more! This is great. I have been researching the Indexed (Hybrid) annuities and thought laddering 3 or 4 $100K Hybrids might provide a cash stream into my 60's. I just don't like the 7-10 year holding period before you can exercise this rider prof...
by slipp1229
Sat Aug 31, 2013 9:13 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring in 3 years and sitting on 85% cash since 2008
Replies: 75
Views: 8303

Retiring in 3 years and sitting on 85% cash since 2008

First post, great site! I am going to leave the grindstone in 3 years max. Liquidated 90% of my equities assets after recovering most of my 2007-09 losses. Back in 2007-08, I was 90% equities. Ouch... Learned my lesson the hard way. Even had 75% of that sizeable money with high paid "profession...

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