Search found 768 matches

by One Ping
Thu Nov 14, 2019 7:31 pm
Forum: Investing - Theory, News & General
Topic: Order or distributions on Roth IRA
Replies: 34
Views: 2196

Re: Order or distributions on Roth IRA

I thought rollover IRAs retained some of the 'legal' protections of a 401k. Is that not true? I don't know. I think I have seen some comments along that line now and then. That might be a state thing, not an ERISA thing. Finally had a chance to do some research on this. retiredjg is correct. Found ...
by One Ping
Thu Nov 14, 2019 1:12 pm
Forum: Investing - Theory, News & General
Topic: Order or distributions on Roth IRA
Replies: 34
Views: 2196

Re: Order or distributions on Roth IRA

I thought rollover IRAs retained some of the 'legal' protections of a 401k. Is that not true?
by One Ping
Tue Nov 12, 2019 2:08 pm
Forum: Personal Investments
Topic: 4 % Rule
Replies: 13
Views: 1295

Re: 4 % Rule

willthrill81 wrote:
Tue Nov 12, 2019 2:05 pm
Considering that the OP doesn't seem to need to withdraw more than 3.2%, starting at 4% with the possibility of reducing that to 3.2% seems safe enough to me, but this is a personal assessment.
Prolly so. 3.0% for 30 yrs @ 25/75 is 100%.
by One Ping
Tue Nov 12, 2019 2:02 pm
Forum: Personal Investments
Topic: 4 % Rule
Replies: 13
Views: 1295

Re: 4 % Rule

I hope to retire in a year or two. Currently 61 with 750k in my 401k. If I take ss early plus a small pension I will need 2000 per month from my 401k. If nothing changes, 3.2% the first year will give me 2000/mo. ... I am conservative with investing now so close to pulling the trigger, 30/70. I'm a...
by One Ping
Tue Nov 12, 2019 1:44 pm
Forum: Personal Investments
Topic: 4 % Rule
Replies: 13
Views: 1295

Re: 4 % Rule

I hope to retire in a year or two. Currently 61 with 750k in my 401k. If I take ss early plus a small pension I will need 2000 per month from my 401k. If nothing changes, 3.2% the first year will give me 2000/mo. ... I am conservative with investing now so close to pulling the trigger, 30/70. I'm a...
by One Ping
Fri Nov 08, 2019 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA Retro Billing for 2018 and 2019
Replies: 3
Views: 388

Re: IRMAA Retro Billing for 2018 and 2019

Thought I understood how IRMAA works but guess I do not. 2016: Worked all year – MAGI < $85K (single) excl wages 2017: Retired 3/31 – MAGI < $85K (single) excl wages (went onto COBRA until Oct 2018, then Medicare) 2018: MAGI > $107K threshold (single) due to unexpected large CG distributions For 20...
by One Ping
Thu Oct 24, 2019 12:41 pm
Forum: Investing - Theory, News & General
Topic: [Paul Merriman: This strategy beats a total stock market fund]
Replies: 173
Views: 13395

Re: Investing in the largest 10 companies?

I find it interesting to hear some opine about TSM being 'maximally diversified' on one hand while they also seem to relish the idea of 20% of their U.S. stock being in ten companies. It seems to be a very clear example of very strong confirmation bias. With maybe a touch of cognitive dissonance th...
by One Ping
Thu Oct 24, 2019 6:44 am
Forum: Investing - Theory, News & General
Topic: [Paul Merriman: This strategy beats a total stock market fund]
Replies: 173
Views: 13395

Re: [Paul Merriman: This strategy beats a total stock market fund]

Well said, One Ping. I have a lot of respect for that someone. I hope views can meet in the middle again, allowing everyone to take their own route. After all, we're all trying to keep costs low, diversify, take no more and no less risk than necessary (stock/fixed income allocation), and stay the c...
by One Ping
Wed Oct 23, 2019 10:37 pm
Forum: Investing - Theory, News & General
Topic: [Paul Merriman: This strategy beats a total stock market fund]
Replies: 173
Views: 13395

Re: [Paul Merriman: This strategy beats a total stock market fund]

How long is the long term? In ny case the long term is however long I live. When people ask me how my portfolio has done, I suggest they ask my kids after I've died as that is the point at which my investment decisions should be judged. If Vanguard would have been the better decision it suggests th...
by One Ping
Wed Oct 23, 2019 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Surviving Spouse Credit Card Question
Replies: 27
Views: 2256

Re: Surviving Spouse Credit Card Question

I guess one actionable bit of advice is for both spouses to have at least one credit card in their own name. Will have to follow through on that advice myself - I'm not sure if DW has a credit card in her name. This! We are in need of doing this. We have one primary/authorized Costco CC and we each...
by One Ping
Wed Oct 23, 2019 8:11 pm
Forum: Investing - Theory, News & General
Topic: Inside Fisher Investments
Replies: 123
Views: 11647

Re: Inside Fisher Investments

GuruFocus.com has info tracking him, but doesn't make it easy to compare his performance. Fisher Investments used to have a mutual fund, "Purisima Total Return" (PURIX) that closed in 2016 with just under 20 years of history MStar Chart against Vanguard's 500 Fund Hmmm, interesting. Looks like his ...
by One Ping
Wed Oct 23, 2019 7:45 pm
Forum: Investing - Theory, News & General
Topic: Inside Fisher Investments
Replies: 123
Views: 11647

Re: Inside Fisher Investments

GuruFocus.com has info tracking him, but doesn't make it easy to compare his performance. Fisher Investments used to have a mutual fund, "Purisima Total Return" (PURIX) that closed in 2016 with just under 20 years of history MStar Chart against Vanguard's 500 Fund Hmmm, interesting. Looks like his ...
by One Ping
Wed Oct 23, 2019 7:25 pm
Forum: Investing - Theory, News & General
Topic: Inside Fisher Investments
Replies: 123
Views: 11647

Re: Inside Fisher Investments

I live in Camas WA, home of Fisher and am surrounded by Fisher employees in my neighborhood, my kids soccer team, PTA, et. And we live just a few blocks from the Fisher Headquarters. But I have never once gotten any electronic or snail mail spam or solicitations from Fisher. Which seemed kind of cu...
by One Ping
Wed Oct 23, 2019 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Do you plan to actually spend down your portfolio?
Replies: 104
Views: 9726

Re: Do you plan to actually spend down your portfolio?

To answer the OP ... After we make it to SS @ 70, I suspect we will never draw on the portfolio again. The exception might be for an entry fee to a CCRC in 15 or 20 years or so, ... but maybe not even then depending on how much the house sells for. ... so, no, we do not plan to spend down our portfo...
by One Ping
Wed Oct 23, 2019 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Do you plan to actually spend down your portfolio?
Replies: 104
Views: 9726

Re: Do you plan to actually spend down your portfolio?

Old Guy wrote:
Wed Oct 23, 2019 11:25 am
First world problem.
Yes, no doubt. Are you saying first worlders are not allowed to ask for help with their problems. :shock:

Truth be told, I see very little discussed here but first world problems.
by One Ping
Wed Oct 23, 2019 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Surviving Spouse Credit Card Question
Replies: 27
Views: 2256

Re: Surviving Spouse Credit Card Question

Just went through this with my folks. This is almost surely a case of a primary user (deceased husband) and an authorized user (surviving wife). This is exactly what the statement looks like in a case like that. Also, sent to the primary user, not jointly, is another clue. In my experience, the CC c...
by One Ping
Wed Oct 23, 2019 5:35 pm
Forum: Investing - Theory, News & General
Topic: [Paul Merriman: This strategy beats a total stock market fund]
Replies: 173
Views: 13395

Re: Adding Small Cap Value Stocks?

Taylor Jack Bogle's Words of Wisdom: "SCV underperformed from 1926 to 1942 (14 years), did nothing from 1944 to 1963 (another 19 years) and again from 1968 to 1976 (8 years) and yet again from 1979 to 1999 (another 20 years). That's a mere 61 years of the 79-year period where SCV was not a winning ...
by One Ping
Tue Oct 22, 2019 1:56 pm
Forum: Investing - Theory, News & General
Topic: [Paul Merriman: This strategy beats a total stock market fund]
Replies: 173
Views: 13395

Re: This strategy beats a total stock market fund? Really?

TSM is, to me, the non-strategy. You own the whole market in the market's own weighting. Anything else needs to be justified and there are way too many clever justifications to pick from, all having very convincing proponents. Besides, any strategy you can identify is already included as some subse...
by One Ping
Sat Oct 05, 2019 8:26 pm
Forum: Personal Consumer Issues
Topic: Preparing for 25% tariff on Scotch
Replies: 39
Views: 4583

Re: Preparing for 25% tariff on Scotch

marathonwmn wrote:
Sat Oct 05, 2019 4:38 pm
Has anyone started purchasing single malts in advance of the tariffs starting later this month? As I see it this would result in a 25% savings over buying after tariff goes into effect. Cheers.
Any idea what day (roughly) should we expect to see the price hikes?
by One Ping
Fri Oct 04, 2019 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: SS Question -- Timing of PIA Calculation
Replies: 19
Views: 1027

Re: SS Question -- Timing of PIA Calculation

Suppose someone is past FRA and working full-time in 2018 while collecting SS. Their wages for 2018 are sufficient to replace one of their top 35 years of SS earnings. Sometime during 2019 SS will become aware of this and update the top 35 years of earnings, resulting in an increased PIA and thus a...
by One Ping
Fri Oct 04, 2019 11:33 am
Forum: Personal Finance (Not Investing)
Topic: SS Question -- Timing of PIA Calculation
Replies: 19
Views: 1027

Re: SS Question -- Timing of PIA Calculation

Every time her PIA gets updated based on new work (the AERO process mentioned above), her monthly benefit and your benefit as her spouse will be updated. So, no, it is not "set in stone." I have a hard time calling a once-per-year process "constantly"...but yes, it gets updated. :) A process check ...
by One Ping
Fri Oct 04, 2019 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Combined deductible and non-deductible TIRA contributions
Replies: 31
Views: 1246

Re: Combined deductible and non-deductible TIRA contributions

Say you have both deductible and non-deductible TIRA contributions in the same TIRA - who knows and how do they know if each contribution was deductible or not? You are the only who knows. You must keep track of your basis (non-deductible contributions) yourself. I assume the IRS knows at least, bu...
by One Ping
Thu Oct 03, 2019 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: How do you handle quarterly tax payments?
Replies: 45
Views: 3695

Re: Retirees: How do you handle quarterly tax payments?

Unless things are very different from the previous year, I just make monthly withholding from pension or SS equal to 1/12th of my safe harbor amount.
by One Ping
Thu Oct 03, 2019 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: SS Question -- Timing of PIA Calculation
Replies: 19
Views: 1027

Re: SS Question -- Timing of PIA Calculation

Why I am asking : I was born before 1954 and am able to claim spousal SS when my wife claims her own SS benefits. We are self-employed and have variable incomes. 2019 was a big year for her, which makes me think that her PIA will go up when her 2019 earnings are folded in. If we claim without that ...
by One Ping
Thu Oct 03, 2019 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Will or trust question
Replies: 18
Views: 1597

Re: Will or trust question

In some states, these "no contest" clauses in a will are unenforceable. ... [M]y state says that clause is unenforceable as a matter of public policy. Some = 2, Indiana and Florida. (see: STATE LAWS: NO-CONTEST CLAUSES , from the American College of Trust and Estate Counsel.) So, for you in Indiana...
by One Ping
Wed Oct 02, 2019 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Will or trust question
Replies: 18
Views: 1597

Re: Will or trust question

Could I be proven wrong and only get the amount said in the will or trust? Of course. -randy bo bandy Or less , as retired@50 said. Sometimes wills and/or trusts have clauses that state any person who chooses to contest this document gets nothing... Be careful and/or grateful. We have friends whose...
by One Ping
Wed Oct 02, 2019 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Calculating expected SS benefits if already collecting spousal benefits
Replies: 16
Views: 1074

Re: Calculating expected SS benefits if already collecting spousal benefits

Protagonist, BH member neurosphere has a downloadable spreadsheet that does a good job estimating your benefits given your SS earnings history. Here is the BH thread on his 2019 update: Downloadable Social Security Benefit Estimator (2019 Update) . If you are fluent in Excel, I've found it to be str...
by One Ping
Tue Oct 01, 2019 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage math
Replies: 20
Views: 2096

Re: Mortgage math

Let me say upfront, that I’m a “pay off the mortgage” advocate under most circumstances. Assuming your portfolio is big enough to support your retirement and future care, I personally would rather be mortgage free and have lower monthly expenses. I appreciate folks who rather invest the money, it’s...
by One Ping
Tue Oct 01, 2019 6:44 pm
Forum: Personal Consumer Issues
Topic: What are the styles or genres of home interior design?
Replies: 5
Views: 740

Re: What are the styles or genres of home interior design?

Who knew?! :D

The depth of knowledge on this forum never ceases to amaze me. And the timeliness with which you can access it, too!
by One Ping
Tue Oct 01, 2019 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage math
Replies: 20
Views: 2096

Re: Mortgage math

I have the cash to pay for my next home (I am renting now). I am trying to balance out which is better to do. Pay cash for the home or finance. If I finance, I will put down enough to avoid paying PMI. Let’s say the interest rate is around 4% (+/- ). This is probably the last home that I will purch...
by One Ping
Tue Oct 01, 2019 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Willingly going from lucrative job to unemployed?
Replies: 132
Views: 14074

Re: Willingly going from lucrative job to unemployed?

Door #2: Set a limit on your hours. Work 40.00 hours. At the end of 40 hours, don't come back until next week. Don't say you can't do that. I had to do that years ago to avoid being in my office running simulations at 9pm. I set a time and at 5:00, I got up and went home. And you know what? Nobody ...
by One Ping
Tue Oct 01, 2019 5:16 pm
Forum: Investing - Theory, News & General
Topic: "Are You Using Your Target-Date Fund Wrong?"
Replies: 15
Views: 2575

Re: "Are You Using Your Target-Date Fund Wrong?"

That seems a brazen use of the word "optimally". I guess I should be used to that by now. Target-date funds have a professionally optimized asset allocation and glide path (the means by which the portfolio gradually becomes less aggressive over time) Yes, one wonders what parameter they were 'optim...
by One Ping
Tue Oct 01, 2019 3:15 pm
Forum: Investing - Theory, News & General
Topic: Vanguard PAS -- one size fits all?
Replies: 19
Views: 2717

Re: Vanguard PAS -- one size fits all?

Per that paper, they’re putting “cautious” 66yr old investors in 59% Equities? Why are they so off target from the Target Retirement Funds? A recently retired TR investor is in the one with 36% Equities. :confused Agree. 66 yo w/ $500K using PAS ----> 60% EQ/40% FI 66 yo w/ $500K in TD fund --> 36%...
by One Ping
Tue Oct 01, 2019 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating Spousal Benefit - Detailed Calculation
Replies: 14
Views: 1636

Re: Calculating Spousal Benefit - Detailed Calculation

You only ever have one PIA. That PIA goes up each year that there is a COLA (beginning at 62). In other words, once a COLA has been applied, your old PIA is no longer your PIA. Your new COLA'd PIA is your PIA. Person B's spousal benefit is calculated as: [50% of Person A's PIA, minus the greater of...
by One Ping
Tue Oct 01, 2019 12:24 pm
Forum: Personal Consumer Issues
Topic: [On-going Scams - Post them here]
Replies: 157
Views: 8441

Re: Scam Alert - Verizon Wireless

This is a new one and pretty convincing IMO. Clever way to get around 2 factor authentication. Yikes! This was a " [Whoa!] " moment for both my wife and I. Very clever. I try to never give a declarative answer to any questions, either yes OR no, until I KNOW who it is. I figure once they have the r...
by One Ping
Tue Oct 01, 2019 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Calculating Spousal Benefit - Detailed Calculation
Replies: 14
Views: 1636

Re: Calculating Spousal Benefit - Detailed Calculation

So, here's my question for the community, my Wife's PIA was locked at the point she retired (age 62). But, her benefit increased with the recent COLA. In the Spousal Benefit equation given above, should Wife_PIA be replaced with Wife_PIA x COLA? To answer your initial question, YES , her PIA is adj...
by One Ping
Tue Oct 01, 2019 10:28 am
Forum: Investing - Theory, News & General
Topic: Vanguards push for PAS
Replies: 18
Views: 2881

Re: Vanguards push for PAS

Does this mean the fee for PAS been reduced from 30 bp to 20 bp? Or, is that referring to the highest ER fund typically used by PAS. Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) ER = 0.04% Vanguard Total International Stock Index Fund Investor Shares (VGTSX) ER = .17% Vanguard Tota...
by One Ping
Mon Sep 30, 2019 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating expected SS benefits if already collecting spousal benefits
Replies: 16
Views: 1074

Re: Calculating expected SS benefits if already collecting spousal benefits

I'm 67. At 66 (my FRA) I started collecting spousal benefits from a divorced wife (50% of hers). My plan is that at 70 I will switch and start taking my own benefits. I used to receive annual mailings estimating what those benefits would be. However, since I started receiving spousal benefits the m...
by One Ping
Mon Sep 30, 2019 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: How does a bank make money off you? How to ensure they don't
Replies: 69
Views: 8148

Re: How does a bank make money off you? How to ensure they don't

DualCitizen wrote:
Sun Sep 29, 2019 7:24 pm
So instead, I looked at him point blank and said "Are you investing in this fund personally?"
How about changing the question to "What percentage of your net worth do you personally have invested in this fund?" That should be doubly revealing. :twisted:
by One Ping
Mon Sep 30, 2019 7:58 pm
Forum: Investing - Theory, News & General
Topic: Vanguards push for PAS
Replies: 18
Views: 2881

Re: Vanguards push for PAS

I found this an interesting take on all of the Vanguard push towards PAS lately: https://investornews.vanguard/behind-our-passion-for-advice-better-outcomes-for-everyone/ Technology has automated the common portfolio management tasks (the blue and the orange in the chart below). These core advice b...
by One Ping
Mon Sep 30, 2019 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: How does SS security office knows you're alive?
Replies: 19
Views: 2553

Re: How does SS security office knows you're alive?

It doesn't answer the "overseas" question, and I'm sure it is not always the answer, but one way it happens in the United States is that the family of the deceased calls a funeral director--needed in most? all? states even for a low-cost cremation--and the funeral director collects the deceased's s...
by One Ping
Mon Sep 30, 2019 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: SS retirement payment of Medicare premiums
Replies: 9
Views: 1023

Re: SS retirement payment of Medicare premiums

The local first line SS and Medicare people frequently get things messed up, but auditors will eventually straighten it out. It may take months, or a few years, but they do get it figured out. Ralph This can be true. That's why I always try to at least think I know what the answer to my questions a...
by One Ping
Mon Sep 30, 2019 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating Spousal Benefit - Detailed Calculation
Replies: 14
Views: 1636

Re: Calculating Spousal Benefit - Detailed Calculation

The Wiki has a section that may help lay out the basic details on how spousal benefits are calculated. Rather than list it all here is a link: Some additional notes and examples on spouse benefit

It's section 3 on that page.
by One Ping
Mon Sep 30, 2019 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: How does SS security office knows you're alive?
Replies: 19
Views: 2553

Re: How does SS security office knows you're alive?

It doesn't answer the "overseas" question, and I'm sure it is not always the answer, but one way it happens in the United States is that the family of the deceased calls a funeral director--needed in most? all? states even for a low-cost cremation--and the funeral director collects the deceased's s...
by One Ping
Mon Sep 30, 2019 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: SS Estimator
Replies: 7
Views: 661

Re: SS Estimator

Yes, it is the official SS Administration Retirement Estimator that has one's earnings history. My confusion about it is it seems so straightforward yet I see so much out there about calculating PIA's and then using the PIA to estimate benefits or entering one's earnings, etc, etc. If you have not ...
by One Ping
Mon Sep 30, 2019 2:11 pm
Forum: Personal Investments
Topic: Threw me a curve [unexpected layoff]
Replies: 36
Views: 5910

Re: Threw me a curve [unexpected layoff]

Health insurance is not optional, in my opinion. +1 +2 Apparently, Nevada has a 'window shopping' site for estimating the cost of health insurance policies. Nevada Health Link consumers will be able to compare plans & prices to estimate the cost of their health insurance premiums and subsidies if e...
by One Ping
Mon Sep 30, 2019 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: SS retirement payment of Medicare premiums
Replies: 9
Views: 1023

Re: SS retirement payment of Medicare premiums

So, how did you know? How long did it take for the overpayment to be refunded? Should the EasyPay be stopped a few months before one starts social security? Like the OP, I was maybe a little paranoid about having a break in payments to MC. I paid 1 quarter (3 months) of MC premiums in advance for t...
by One Ping
Mon Sep 30, 2019 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: SS Estimator
Replies: 7
Views: 661

Re: SS Estimator

I just want to confirm my understanding. I have been retired for a while and am in my 50's. I go to the SS Retirement Estimator and enter "0" for last year's wages. It tells me that if I start my benefits at age 70 and earn zero dollars (from now until age 70), my benefit will be about "xxx". So th...
by One Ping
Mon Sep 30, 2019 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: SS retirement payment of Medicare premiums
Replies: 9
Views: 1023

Re: SS retirement payment of Medicare premiums

You are welcome. :beer

Fear not, if you overpay, they will refund the excess. Ask me how I know ... :wink:
by One Ping
Mon Sep 30, 2019 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Employer is relocating - how to be allowed to work remotely
Replies: 51
Views: 3832

Re: Employer is relocating - how to be allowed to work remotely

My 40 yrs of engineering experience working for 2 Megacorps has led me to believe that executives rarely see R&D as a whole, much less individuals, as indispensable to next quarter, or next year's, financial performance. In fact, R&D is a cost center, not a profit center ... which is what they mostl...