Search found 1086 matches

by One Ping
Tue Jan 10, 2023 10:23 am
Forum: Personal Finance (Not Investing)
Topic: RMD's used to pay taxes and new secure act
Replies: 44
Views: 4319

Re: RMD's used to pay taxes and new secure act

lstone19 wrote: Tue Jan 10, 2023 10:06 am
One Ping wrote: Tue Jan 10, 2023 9:54 am I'm pretty sure before SECURE 1 the RMD age was 70. The age required before you can make a QCD (Qualified Charitable Distribution) was, and still is, 70.5.
No, it was 70.5. I remember my wife and I discussing at the time that the change from 70.5 to :beer :beer 72 only moved her date, with a December birthday, out one calendar year (would turn 70.5 in June of one year and 72 in December of the following year) while it moved mine, with an April birthday, out two calendar years (70.5 in October and 72 in April two calendar years later).
Touche', you are correct. :beer
by One Ping
Tue Jan 10, 2023 9:54 am
Forum: Personal Finance (Not Investing)
Topic: RMD's used to pay taxes and new secure act
Replies: 44
Views: 4319

Re: RMD's used to pay taxes and new secure act

Thanks. I am glad you came around to change my understanding. Did I completely pull a random number out of the sky of "April 1" for the original secure act???? Under the first secure act I was clearly told on this board that someone who turned 72 in January , that the first RMD was due by April. I am just trying to understand how I came up with that understanding. I need to get better at searching for past posts so I can re-read. I'm trying to leave clear instructions to help my spouse when I pass. We have a lot of time to get things figured out, and I am not opposed to moving forward with a new understanding, but I sure the heck would like to understand where I got the impression that two RMD's were required if they waited to 72...
by One Ping
Mon Jan 09, 2023 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: RMD's used to pay taxes and new secure act
Replies: 44
Views: 4319

Re: RMD's used to pay taxes and new secure act

when the first secure act came out, I posted here and thought I had a good understanding of the requirements. My understanding was if you put off your first RMD to age 72, you had to take one RMD by April and a second RMD by December 31st that same year, so people were recommending to take the "first" at 71 so that you only needed one per year. I have not seen all the text of the new secure act, but under the impression that they are adding a year. would that not mean that you either take your first at 72 and your second at 73, or delay to 73 and owe two RMDs your 73rd year???? It's not a matter of 'putting off' your first RMD until age 72, that was what the original Secure Act changed the 'required distribution' age to (from the...
by One Ping
Mon Jan 09, 2023 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: RMD's used to pay taxes and new secure act
Replies: 44
Views: 4319

Re: RMD's used to pay taxes and new secure act

I assume it will be like the old Secure Act that if you wait till 73, you will need to do two RMD's that first year. Born in 55 Why? IF you always take your RMD in the calendar year it 'comes due' you NEVER (AFAIK) have to take two RMDs in the same calendar year. In your wife's case, the first RMD will 'come due' in 2028. IF she doesn't delay it and takes that first RMD in 2028, she only has to take that one RMD during that first year (2028), because the second RMD does not 'come due' until she is 74 in 2029. It's only in the case where you delay taking a RMD that has 'come due' into the following calendar year where you may have to take two RMD's in a single calendar year, but in the the case of the first RMD, that doubled up year would b...
by One Ping
Tue Jan 03, 2023 10:24 pm
Forum: US Chapters
Topic: your favorite quotes & one-liners
Replies: 272
Views: 48944

Re: your favorite quotes & one-liners

Better is the enemy of good enough.
by One Ping
Sat Dec 31, 2022 11:24 pm
Forum: Investing - Theory, News & General
Topic: Secure Act 2.0 Signed
Replies: 164
Views: 22891

Re: Secure Act 2.0 Signed

Here's another great summary ...

https://www.whitecoatinvestor.com/secure-act-2-0/

One Ping
by One Ping
Mon Dec 26, 2022 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc.
Replies: 641
Views: 89195

Re: "Open Social Security" calculator: feature requests, bug reports, etc

ETA - Oh, wait a minute!! Because of her birth date, is she caught in the 'when you file, you must file for all the benefits you are eligible for' [deemed filing] trap? If she filed for spousal @ FRA, she would then also have to have filed for her own benefit at the same time? Not Mike, but I believe your ETA is correct. She was born too late to file a "restricted application" for spousal benefit only. Bummer. Yes, exactly. If she were to file for a spousal benefit, she'd be deemed to file for her retirement benefit. And because her PIA is < 50% of his PIA, there would be no spousal benefit at all. Thank you, by the way, for including the link to inputs used. That makes it so much easier. :thumbsup Thanks, Mike.
by One Ping
Mon Dec 26, 2022 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc.
Replies: 641
Views: 89195

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Hi Mike, I think I may have discovered a 'bug' ... Case Reference Link Situation: Marital Status: Married Female inputs Birth Date: 3/1957 ( --> Note: FRA @ 66½ or 9/2023 ) PIA: $2500 Still Working: Yes Stop Working: 9/2023 Already Filed for Benefits: No Male inputs Birth Date: 2/1951 PIA: $1667 Still Working: Yes Stop Working: 9/2023 Already Filed for Benefits: Yes Date Filed: 2/2021 I would have expected the results to have shown the female delays filing for her own benefit until age 70, but files for her spousal benefit at her FRA. What the tool showed was filing for her own benefit at age 70, but NOT filing for her spousal benefit at all, ever . Why would she not file for her spousal benefit at her FRA? One Ping ETA - Oh, wait a minute!...
by One Ping
Fri Dec 23, 2022 7:13 pm
Forum: Investing - Theory, News & General
Topic: Secure Act 2.0 Signed
Replies: 164
Views: 22891

Re: Secure Act 2.0 Signed

On the surface, delaying the start of RMDs from 72 to 73 seems appealing for someone like me. However, my detailed Excel spreadsheet modeling showed that delaying by that year will push more late life income into IRMAA territory. So delaying will confer minimal benefit for me near the end of my plan. When the time comes, I may still start withdrawals at 72. My guess is that with good modeling calculations, others will find themselves in a similar situation. I think you can take a distribution any time you want after age 59½, it's only REQUIRED starting at age 73. If you want to reduce your chances for late life IRMAA, you could take distributions before RMD age up to the IRMAA limit to reduce your balance. OTOH, you could use QCDs after ag...
by One Ping
Fri Dec 23, 2022 7:03 pm
Forum: Investing - Theory, News & General
Topic: Secure Act 2.0 Signed
Replies: 164
Views: 22891

Re: Secure Act 2.0 Signed

Another overlooked part of this bill is that there are no more RMD requirements for 401k Roths. The bill now aligns the rules for all Roth types. Hmmm ... where did you see that? Do you have a reference? -- One Ping Page 2227 of the bill text I believe. Thanks, running investor. On page 2227 I see the following (emphasis added): SEC. 325. ROTH PLAN DISTRIBUTION RULES. (a) IN GENERAL .—Subsection (d) of section 402A is amended by adding at the end the following new paragraph: ‘‘(5) MANDATORY DISTRIBUTION RULES NOT TO APPLY BEFORE DEATH .—Notwithstanding sections 403(b)(10) and 457(d)(2), the following provisions shall not apply to any designated Roth account : ‘‘(A) Section 401(a)(9)(A). ‘‘(B) The incidental death benefit require- ments of ...
by One Ping
Fri Dec 23, 2022 6:36 pm
Forum: Investing - Theory, News & General
Topic: Secure Act 2.0 Signed
Replies: 164
Views: 22891

Re: Secure Act 2.0 Signed

Tubes wrote: Fri Dec 23, 2022 6:27 pm Another overlooked part of this bill is that there are no more RMD requirements for 401k Roths. The bill now aligns the rules for all Roth types.
Hmmm ... where did you see that? Do you have a reference? -- One Ping
by One Ping
Fri Dec 23, 2022 6:08 pm
Forum: Investing - Theory, News & General
Topic: Secure Act 2.0 Signed
Replies: 164
Views: 22891

Re: Secure Act 2.0 Signed

FYI - For those of you interested in the details, I updated the OP with a link to the text of the bill that was passed and signed. -- One Ping
by One Ping
Fri Dec 23, 2022 3:32 pm
Forum: Investing - Theory, News & General
Topic: Secure Act 2.0 Signed
Replies: 164
Views: 22891

Secure Act 2.0 Signed

[The Washington Times article linked in this post is incorrect. See this post --admin LadyGeek]

Let the discussion begin ...

https://www.washingtontimes.com/news/20 ... -bill-law/

https://www.fidelity.com/learning-cente ... cure-act-2

I'm liking the extra year before starting RMDs :D

One Ping

ETA: Here is the text of the complete Omnibus Spending Bill that was passed and signed.
Consolidated Appropriations Act, 2023
The section that is the Secure Act 2.0 (Division T) starts on page 2000. :shock:
by One Ping
Fri Sep 30, 2022 12:47 pm
Forum: Personal Consumer Issues
Topic: Which is the best pizza in a chain store?
Replies: 110
Views: 10040

Re: Which is the best pizza in a chain store?

ekid wrote: Fri Sep 30, 2022 12:32 pm
One Ping wrote: Fri Sep 30, 2022 12:19 pm
SnowBog wrote: Thu Sep 29, 2022 10:09 pm I have found memories of their late night pizza delivery in college (the college pizza place closed earlier and was mostly geese anyway).
Geese??
Prob'ly means "grease".
Of course. :oops:
by One Ping
Fri Sep 30, 2022 12:19 pm
Forum: Personal Consumer Issues
Topic: Which is the best pizza in a chain store?
Replies: 110
Views: 10040

Re: Which is the best pizza in a chain store?

SnowBog wrote: Thu Sep 29, 2022 10:09 pm I have found memories of their late night pizza delivery in college (the college pizza place closed earlier and was mostly geese anyway).
Geese??
by One Ping
Sat Sep 17, 2022 11:51 am
Forum: Investing - Theory, News & General
Topic: Why is 60/40 supposed to be the best for retirement?
Replies: 168
Views: 18616

Re: Why is 60/40 supposed to be the best for retirement?

JoeRetire wrote: Fri Sep 16, 2022 4:52 pm
KlangFool wrote: Fri Sep 16, 2022 7:10 am A) The standard retirement portfolio size = 25 X annual expense.

B) The standard advice is to keep 10 years of expense at fixed income.

C) Combining (A) and (B), you get 60/40.
:confused
Can you explain the math behind this conclusion? I'm not seeing it yet.

Is the "standard advice" to keep 10 years of expenses in fixed income? I've never heard that.
Joe,

I don't agree with his approach, but I think this is his "math."

Total = 25x (25 years of expenses)
Fixed Income = 10x (10 years of expenses)
Balance in Stocks = 15x (15 years of expenses)

Stock% = stocks / total = 15x /25x = 60%
Fixed income% = fixed / total = 10x / 25x = 40%

One Ping
by One Ping
Tue Sep 13, 2022 2:45 am
Forum: Personal Investments
Topic: Roth after 72
Replies: 3
Views: 978

Re: Roth after 72

Got it. Thanks, Alan.
by One Ping
Mon Sep 12, 2022 10:00 pm
Forum: Personal Investments
Topic: Roth after 72
Replies: 3
Views: 978

Roth after 72

If someone is over 72 and taking retirement account distributions, but has earned income, can they make a Roth IRA contribution?
by One Ping
Fri Jun 03, 2022 5:34 pm
Forum: Investing - Theory, News & General
Topic: Why the gap btw all-US 4-fund and VTSAX?
Replies: 6
Views: 751

Re: Why the gap btw all-US 4-fund and VTSAX?

Tamalak wrote: Fri Jun 03, 2022 1:16 pm If you invest in the full market *at capitalization*, you will naturally have more money in large cap than small cap, since large cap composes a larger portion of the market. This is why Vanguard categorizes VTSAX as "large blend" and not "medium blend": https://investor.vanguard.com/mutual-fu ... olio/vtsax

If the all-US 4-fund is invested equally (25% each) in their funds, they are effectively tilting small cap compared to the full market.
[emphasis added] And also more of a (small) value tilt than the total market.
by One Ping
Fri Jun 03, 2022 5:20 pm
Forum: Investing - Theory, News & General
Topic: Why the gap btw all-US 4-fund and VTSAX?
Replies: 6
Views: 751

Re: Why the gap btw all-US 4-fund and VTSAX?

Slightly related: does anyone know the logic behind TrevH's chosen tilts? I didn't see it in his post (may have missed it). It would seem he's buying into tilts, but choosing to split 50/50 to international given that the world economy really is global going forward, whereas it was dominated by the US economy for much of the historical data that Merriman cites. TrevH was trying to replicate the performance of the Merriman Ultimate Buy-and-Hold (UBH) portfolio, but with significantly fewer than 10 funds. He used 4 funds to maintain Merriman's allocations of 50% Large/50% Small, 50% Blend/50% Value and 50% US/50% Intl. I believe he backtested all 6(?) permutations of the 4 asset classes and 2 geographies and the 25% US LCB / 25% US SCV / 25%...
by One Ping
Thu Jun 02, 2022 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Re Retirement "I wish I'd known..."
Replies: 299
Views: 54995

Re: Re Retirement "I wish I'd known..."

After I retired and seriously started understanding my finances I discovered that I could have retired a lot earlier! Exactly the same for me. In all reality, you don't need a zillion dollars to retire comfortably. I wish I would have went about 4-5 years earlier. Bob Yup. If I'd known, I could have been gone years sooner. It's not that I didn't do the planning or understand, in general, the reduction in certain expenses, it's just that there were things I didn't realize. For example, I had time to do things myself that when I was working I would pay people to do. Getting a pet cat would make a decision to travel more difficult. This is true, except for us it was a dog. Once the dog passed on, travel became much more spontaneous.
by One Ping
Thu Jun 02, 2022 11:08 am
Forum: Personal Consumer Issues
Topic: Montreal and/or Toronto vacation
Replies: 56
Views: 5019

Re: Montreal and/or Toronto vacation

One's first impression of Toronto would be similar to NY or Chicago. Similar enough that Toronto has stood in for both NY and Chicago in movies and TV. 8-) Years ago I was watching a TV crime/detective show (forgot which one) that was set in Chicago. In one outdoor street scene I saw a red-and-white Toronto streetcar trundle across an intersection a couple of blocks away. Due South, about a Canadian Mountie (Royal Canadian Mounted Police) in Chicago paired with a Chicago Italian-American cop, was slyly humorous about this. The "Canadian Consulate" was an old club building on University Ave. The series constantly riffed off the straightlaced Canadian law enforcement-streetwise American cop duality. (the in joke about a deaf sled d...
by One Ping
Wed Apr 06, 2022 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Ten Days to Tax Day and My Tax Preparer is MIA
Replies: 29
Views: 3370

Re: Ten Days to Tax Day and My Tax Preparer is MIA

This is very helpful, thank you all. I tried to use Turbo Tax earlier this, but the key to that is that it read/import my info from Vanguard. It refused to do so, insisting that the user name/pw were incorrect. They were not, and I gave up. If I could do that, I wouldn't need a tax preparer at all. I don’t feel comfortable giving TT my username and password but had luck with uploading my forms in TurboTax. I logged into Vanguard, downloaded PDFs of my 1099s, then uploaded them into TurboTax and it automatically populated everything . I was able to do this with several tax forms without any issues. You can upload PDFs of your 1099s to TT and it can find the data it needs? Wow!, I did not know that. Sounds like I'll change my approach next y...
by One Ping
Mon Dec 13, 2021 4:28 pm
Forum: Personal Consumer Issues
Topic: Need Recommendations for Engineering Laptop
Replies: 25
Views: 2015

Re: Need Recommendations for Engineering Laptop

Wow!

I've not had time to assimilate all these comments yet, but wanted to thank everyone for their input! I will be looking at these comments/recommendations/suggestions over the next day or so and get back with any additional questions, clarifications, etc.

One Ping
by One Ping
Sun Dec 12, 2021 5:00 pm
Forum: Personal Consumer Issues
Topic: Need Recommendations for Engineering Laptop
Replies: 25
Views: 2015

Need Recommendations for Engineering Laptop

Hi Everyone, My current laptop is 6 or 7 years old and is showing its age in a number of areas … suffice to say, I need a new one. I do lots of heavy technical engineering-type work – large highly integrated spreadsheets (some extremely large w/multiple VBA scripts) and engineering related tools (e.g., System Tool Kit, STK, used to be called Satellite Tool Kit from AGI). Would be nice to have these tools run faster than what they do now, if possible. A few things I have some ideas on. I want a 15”-16” screen (old eyes). Probably a 'whole bunch' of USB ports. Current system has 4, but they are all in use. Not sure what types, but they should have some that are ‘backward’ compatible, so I can access data on older memory sticks I currently hav...
by One Ping
Tue Oct 26, 2021 12:37 pm
Forum: Personal Investments
Topic: Leverage: What’s the ultimate “risk parity”/”All weather” portfolio to minimize drawdowns?
Replies: 14
Views: 2117

Re: Leverage: What’s the ultimate “risk parity”/”All weather” portfolio to minimize drawdowns?

willthrill81 wrote: Tue Oct 26, 2021 10:15 am
vanbogle59 wrote: Tue Oct 26, 2021 10:12 am
willthrill81 wrote: Tue Oct 26, 2021 10:06 am The deepest drawdown for the PP since 1970 was -11%, and it took 3 years for the PP to recover from its longest drawdown. Over that same period, it had annualized returns of 6.3%.
That is about GB, right?
Yes, thanks. I've corrected the post.
Missed the second PP in the GB stats line ...
by One Ping
Sun Oct 24, 2021 9:00 pm
Forum: Investing - Theory, News & General
Topic: Can you ignore social security in your calculations?
Replies: 256
Views: 28525

Re: Can you ignore social security in your calculations?

JoeRetire wrote: Thu Oct 21, 2021 6:01 pm
One Ping wrote: Thu Oct 21, 2021 5:23 pm "Just remember: it's not a lie if you believe it." On the other hand, "Just because you believe it, doesn't make it true."
"Just because you don't believe in something doesn't mean it isn't true."
- Albert Einstein (not George Costanza)
Touche' :sharebeer
by One Ping
Sun Oct 24, 2021 8:58 pm
Forum: Personal Consumer Issues
Topic: Just out! Roomba J7+ Anyone tried it? Worth it?
Replies: 34
Views: 4525

Re: Just out! Roomba J7+ Anyone tried it? Worth it?

lillycat wrote: Fri Oct 22, 2021 9:19 am Ola Friends! Sadly, my ROOMBA I8+ from Costco went on strike. Not sure why, but it declined to recharge and keep cleaning. My smarty pants DH who has “the Knack” checked it out and said it was dead.
"The Knack"
by One Ping
Thu Oct 21, 2021 10:08 pm
Forum: Personal Investments
Topic: IRS RMD Worksheet heads-up for RMDs for 2022 and beyond
Replies: 9
Views: 2605

Re: IRS RMD Worksheet heads-up for RMDs for 2022 and beyond

Alan S. wrote: Thu Oct 21, 2021 9:41 pm
One Ping wrote: Thu Oct 21, 2021 1:58 pm As an aside ... an interesting observation.

If you have a 12/31/2020 $1,000,000 IRA balance, and you are 71 this year, using the current uniform life table your divisor is 26.5, giving you a RMD of $37,735.85.
Point made that the divisor for most of those taking RMDs in 2021 will have a higher divisor (lower RMD) as a % in 2022 than 2021.

However, if you reach 71 anytime this year, you will not have any RMD for 2021 as your RMDs will start at age 72 using the new tables.
touche'
by One Ping
Thu Oct 21, 2021 5:23 pm
Forum: Investing - Theory, News & General
Topic: Can you ignore social security in your calculations?
Replies: 256
Views: 28525

Re: Can you ignore social security in your calculations?

Well... of course. But that's not my point, which is why I said a 25% cut is the worst-case scenario. We'll have to agree to disagree there. There are worse outcomes than just a 25% cut. My opinion is there is a 0% possibility of no SS Agree. , and a minuscule possibility of any haircut, period. Completely disagree. There are many, many routes to solving this problem that will have zero impact on promised payments (as they stand now) for anyone who is within, say, two decades of FRA. I would not waste my time, or put in more working years, planning for a 100% cut. Nor would I do so for a 25% cut. But, I'm an optimist. If one is not, then one should save more, plan to work longer, or plan to spend less. As I posted upthread, as long has you...
by One Ping
Thu Oct 21, 2021 1:58 pm
Forum: Personal Investments
Topic: IRS RMD Worksheet heads-up for RMDs for 2022 and beyond
Replies: 9
Views: 2605

Re: IRS RMD Worksheet heads-up for RMDs for 2022 and beyond

As an aside ... an interesting observation.

If you have a 12/31/2020 $1,000,000 IRA balance, and you are 71 this year, using the current uniform life table your divisor is 26.5, giving you a RMD of $37,735.85.

Next year you are 72 and assuming a 12/31/2021 $1,000,000 balance, using the new uniform life table you divisor is 27.4, giving you a RMD of $36,496.35.

For a constant balance you would assume as you age your divisor would go down, increasing your RMD. It ain't necessarily so during this transition to the new table.
by One Ping
Thu Oct 21, 2021 1:37 pm
Forum: Personal Investments
Topic: IRS RMD Worksheet heads-up for RMDs for 2022 and beyond
Replies: 9
Views: 2605

Re: IRS RMD Worksheet heads-up for RMDs for 2022 and beyond

Ok, now I am confused. :( For RMDs for 2021, which table do we use when calculating RMDs for IRAs we owned as of 12/31/2020? The life table I am using from the IRS worksheet at https://www.irs.gov/pub/irs-tege/uniform_rmd_wksht.pdf indicates that at age 72 the divisor = 25.6. But in the new table that you present, at age 72 the divisor = 27.4. This is a huge difference. So which do we use for 2021 when calculating RMDs for IRAs we owned as of 12/31/2020? Or do the divisors change for 2022 for IRAs we owned as of 12/31/2021? Or am I just confused (which is easy to do)? From the Federal Register reference linked in the OP: Applicability Date : The final regulations in this document apply to distribution calendar years (as defined in § 1.401(...
by One Ping
Thu Oct 21, 2021 1:07 pm
Forum: Personal Investments
Topic: IRS RMD Worksheet heads-up for RMDs for 2022 and beyond
Replies: 9
Views: 2605

IRS RMD Worksheet heads-up for RMDs for 2022 and beyond

A while back there was a discussion about the IRS IRA RMD Worksheet located here and whether it was correct for calculating RMDs under the SECURE Act for years 2022 and beyond. [I looked for the thread but could not crack the google code to find it, so this may be old news. If so, sorry for the noise.] The crux of the issue seemed to be that the worksheet refers to “the year you turn 70½” and whether that meant the worksheet was not valid. That worksheet is indeed INCORRECT for calculating RMDs under the SECURE Act for 2022 and beyond. The problem is not only does it have the incorrect age for starting RMDs (which is at best confusing), it also has the incorrect uniform life table divisors for 2022 and after. To make matters more confusing ...
by One Ping
Sat Oct 16, 2021 12:51 pm
Forum: Investing - Theory, News & General
Topic: Anyone here CoastFIRE’d?
Replies: 182
Views: 34781

Re: Anyone here CoastFIRE’d?

WyomingFIRE wrote: Sat Oct 16, 2021 12:31 pm
One Ping wrote: Sat Oct 16, 2021 11:36 am
WyomingFIRE wrote: Fri Oct 15, 2021 8:40 pm I read ERE and MMM. I totally get the sentiments and desires expressed by the OP. I read a lot of philosophy, too. One of my favorite blogs is lackingambition.com. And so on and so forth.

. . .

I would only do this if I could abide by “Jacob Adjusted for Inflation” (JAFI) type metrics.
I poked around on ERE and could find out what the heck "Jacob Adjusted for Inflation” (JAFI) type metrics" are.

Would you be able to provide a short summary or link pointing to a description? TIA :beer
nigel_ht nailed it above (and thank you, nigel_ht)
Aha! So, a "Jacob" is just ERE code for saying you are spending $7K/yr (e.g., 2.3 Jacobs would be $16.1K/yr)?

What types of 'metrics' are associated with the term?
by One Ping
Sat Oct 16, 2021 12:23 pm
Forum: Investing - Theory, News & General
Topic: Anyone here CoastFIRE’d?
Replies: 182
Views: 34781

Re: Anyone here CoastFIRE’d?

I read ERE and MMM. I totally get the sentiments and desires expressed by the OP. I read a lot of philosophy, too. One of my favorite blogs is lackingambition.com. And so on and so forth. . . . I would only do this if I could abide by “ Jacob Adjusted for Inflation” (JAFI) type metrics . I poked around on ERE and could find out what the heck "Jacob Adjusted for Inflation” (JAFI) type metrics" are. Would you be able to provide a short summary or link pointing to a description? TIA :beer Spend only $7K/year (now $8738) and you too can FIRE after 5 years of work… https://forum.earlyretirementextreme.com/viewtopic.php?t=10135 I found that on ERE, and I get adjusting for inflation, but I still don't know what a "Jacob" is, o...
by One Ping
Sat Oct 16, 2021 11:36 am
Forum: Investing - Theory, News & General
Topic: Anyone here CoastFIRE’d?
Replies: 182
Views: 34781

Re: Anyone here CoastFIRE’d?

WyomingFIRE wrote: Fri Oct 15, 2021 8:40 pm I read ERE and MMM. I totally get the sentiments and desires expressed by the OP. I read a lot of philosophy, too. One of my favorite blogs is lackingambition.com. And so on and so forth.

. . .

I would only do this if I could abide by “Jacob Adjusted for Inflation” (JAFI) type metrics.
I poked around on ERE and could find out what the heck "Jacob Adjusted for Inflation” (JAFI) type metrics" are.

Would you be able to provide a short summary or link pointing to a description? TIA :beer
by One Ping
Mon Oct 11, 2021 4:43 pm
Forum: Personal Investments
Topic: Calculating 4% Withdrawals
Replies: 25
Views: 4101

Re: Calculating 4% Withdrawals

Grt2bOutdoors wrote: Mon Oct 11, 2021 4:30 pm There's no requirement that you take 4%+ inflation. There is a requirement that you take the RMD as mandated by the IRS, that number is not inflation-adjusted. Here's the IRS worksheet table: https://www.irs.gov/pub/irs-tege/uniform_rmd_wksht.pdf
FYI - While there is a requirement to 'take' (and pay tax on) your RMD from your tax deferred account(s), there is no requirement to SPEND it.
by One Ping
Mon Oct 11, 2021 12:43 pm
Forum: Investing - Theory, News & General
Topic: Question about Bernstein's Stop Playing the Game
Replies: 82
Views: 10989

Re: Question about Bernstein's Stop Playing the Game

I could be wrong, but I believe that he said 25x in fixed income and the rest in equities. Sounds good to me. So, if Pension + SS cover 100% of your living expenses, the 25X residual living expenses = $0. So the rest (i.e., 100%) is in equities, right? Or am I missing something ... One Ping Well, that would be the conclusion of a simple minded rule like that, but it might also be wise to contemplate whether of not you want the consequences of doing that. That doesn't mean it is crazy to decide to hold only stocks in a case like that, but one would hope one applies processes of thought, information, and logic to the decision. The starting point that you may be missing is that you know what you want, translated into what that implies for how...
by One Ping
Sun Oct 10, 2021 11:34 pm
Forum: Investing - Theory, News & General
Topic: Question about Bernstein's Stop Playing the Game
Replies: 82
Views: 10989

Re: Question about Bernstein's Stop Playing the Game

I think Bernstein recommended to put 20x in FI and invest the rest in equities if you won the game. I could be wrong, but I believe that he said 25x in fixed income and the rest in equities. Sounds good to me. So, if Pension + SS cover 100% of your living expenses, the 25X residual living expenses = $0. So the rest (i.e., 100%) is in equities, right? Or am I missing something ... One Ping Well, that would be the conclusion of a simple minded rule like that, but it might also be wise to contemplate whether of not you want the consequences of doing that. That doesn't mean it is crazy to decide to hold only stocks in a case like that, but one would hope one applies processes of thought, information, and logic to the decision. The starting poi...
by One Ping
Sun Oct 10, 2021 7:59 pm
Forum: Investing - Theory, News & General
Topic: Question about Bernstein's Stop Playing the Game
Replies: 82
Views: 10989

Re: Question about Bernstein's Stop Playing the Game

willthrill81 wrote: Sun Oct 10, 2021 1:57 pm
carminered2019 wrote: Sun Oct 10, 2021 1:42 pm I think Bernstein recommended to put 20x in FI and invest the rest in equities if you won the game.
I could be wrong, but I believe that he said 25x in fixed income and the rest in equities.
Sounds good to me. So, if Pension + SS cover 100% of your living expenses, the 25X residual living expenses = $0. So the rest (i.e., 100%) is in equities, right?

Or am I missing something ...

One Ping
by One Ping
Sun Sep 19, 2021 6:30 pm
Forum: Personal Investments
Topic: SS analysis question
Replies: 11
Views: 2183

Re: SS analysis question

celia wrote: Sun Sep 19, 2021 6:19 pm
One Ping wrote: Sun Sep 19, 2021 5:53 pm
David Jay wrote: Sun Sep 19, 2021 8:56 am Married vs Single is probably the single most important input, due to how the survivor’s benefit is determined.
This is the key discriminator in my view. If you are single it really doesn't matter what you do because it impacts no one. If you ar married, that is not true.
The decision of which pot to collect from earlier still applies whether married or not, as mentioned in Susan Garland’s article (quoted by ArticPineapplecorp).
Thought that's what I said. ...
by One Ping
Sun Sep 19, 2021 5:53 pm
Forum: Personal Investments
Topic: SS analysis question
Replies: 11
Views: 2183

Re: SS analysis question

David Jay wrote: Sun Sep 19, 2021 8:56 am Married vs Single is probably the single most important input, due to how the survivor’s benefit is determined.
This is the key discriminator in my view. If you are single it really doesn't matter what you do because it impacts no one. If you ar married, that is not true.
by One Ping
Sun Sep 19, 2021 5:44 pm
Forum: Personal Investments
Topic: Explain REIT tax handling to me?
Replies: 7
Views: 1464

Re: Explain REIT tax handling to me?

Bump ... seems like this deserves a reply.
by One Ping
Sun Sep 19, 2021 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Combined Pension and SS Income
Replies: 31
Views: 4281

Re: Combined Pension and SS Income

This post was stimulated by a discussion about Social Security income with my sibling who just retired last year. 1) ... If you don't mind responding to this post, where are you in the combined pension/SS range? 2) As for the actionable part of this post, ... I have been bopping along on auto-pilot very complacently for 7 years of retirement, just taking some money out of my tIRA every year to supplement my pension. ... So the money that I have saved all my life just sits there and grows. Or, it does NOT, ... At ages 70 (me) and 76 (spouse) our 7th year post-retirement combined (uncola'd) pension and SS (delayed to age 70) income is now $30k to $60k more than our (essentially unconstrained from our perspective) expenses. I consider this ad...
by One Ping
Sat Aug 28, 2021 10:15 pm
Forum: Investing - Theory, News & General
Topic: Why Does Anyone Listen To Paul Merriman?
Replies: 151
Views: 34998

Re: Why Does Anyone Listen To Paul Merriman?

Why does anyone listen to Paul Merriman?

Because he is a decent guy who has an incredible wealth of investment knowledge and experience (built over 50 years) and is only interested in helping you, and others, through his foundation to find an investment plan/approach that you can stick.with and that gives you a good chance of reaching your financial goals.

Most of investing is basically doing a few things "ok" and not doing too many things drastically wrong. Paul gives you information for you to decide on the "ok" things and how to avoid the wrong things.
by One Ping
Mon Aug 23, 2021 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: If I Knew Then What I Know Now
Replies: 127
Views: 69759

Re: If I Knew Then What I Know Now

arcticpineapplecorp. wrote: Mon Aug 23, 2021 8:52 pm
One Ping wrote: Mon Aug 23, 2021 6:30 pm
arcticpineapplecorp. wrote: Mon Aug 23, 2021 2:49 pm very nice post Michael. I just stumbled upon it while reading this: viewtopic.php?p=6188182#p6188182

just a technical question. Looking at your quote below, when I do a FV calc for $601/month for 30 years at 10% CAGR, that is, =FV(.10/12,360,-601) I get $1,358,553.24, not $1,249,655. Small potatoes, but what am I missing? Thanks!
Try using the monthly periodic rate of: (1+.10)^(1/12)-1, rather than .10/12.

Note: .10/12 compounded for 12 months is a 10.47% return for the year, not 10%.
thanks.
"Numbers is hard." ... sometimes ... :beer :beer
by One Ping
Mon Aug 23, 2021 9:43 pm
Forum: Investing - Theory, News & General
Topic: New Avantis ETFs
Replies: 279
Views: 54549

Re: New Avantis ETFs

Cool. When do they come out with an Emerging Market SCV?
by One Ping
Mon Aug 23, 2021 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Updated with Details! Pension % to Spouse, Life Insurance for Gap?
Replies: 41
Views: 4150

Re: Pension % to Spouse, Life Insurance for Gap?

Hello everyone! Thank you for taking time to read my question. Appreciate the great minds on BH! I find myself considering the difference between 50% OR 75% of pension to spouse if I pass first. I know the best answer is 75%, ... You just said you already know the best answer, 75%. IMO, you are right! When I retired 7 years ago I went with 50%. Ever since then, as we've gotten older, I realize if I croak first DW would be better off if I'd chosen 75%. Not that she will be destitute because of the 50% survivor benefit, she won't, but things would be less 'complicated' for her if I'd chosen 75% instead of 50%. Turns out the higher pension (50% vs 75% survivor benefit) wouldn't have made any substantive difference in our retirement financial ...
by One Ping
Mon Aug 23, 2021 8:49 pm
Forum: Personal Consumer Issues
Topic: Question for optical experts - sunglasses
Replies: 16
Views: 2434

Re: Question for optical experts - sunglasses

Retired optometrist here. I would never buy a pair of sunglasses that did not feature polarized lenses. Just a small quibble here. If you are a pilot, the computer generated displays in your cockpit may not be readable if you are wearing polarized lenses. This could be a problem. :shock: It is similar to when I'm reading my ipad with my polarized lenses. For some rotations the screen goes black! I get rainbow distortions through my polycarbonate helmet visor as well, which can be distracting. There are plenty of scenarios where polarization is unwanted. I have Maui Jim and Serengeti sunglasses, and they both use proper optical glass and have non-polarized options. Highly recommended. :happy My pilot friend uses Randolph sunglasses. He seem...
by One Ping
Mon Aug 23, 2021 7:22 pm
Forum: Personal Consumer Issues
Topic: Question for optical experts - sunglasses
Replies: 16
Views: 2434

Re: Question for optical experts - sunglasses

Jazztonight wrote: Mon Aug 23, 2021 6:25 pm Retired optometrist here.

I would never buy a pair of sunglasses that did not feature polarized lenses.
Just a small quibble here. If you are a pilot, the computer generated displays in your cockpit may not be readable if you are wearing polarized lenses. This could be a problem. :shock:

It is similar to when I'm reading my ipad with my polarized lenses. For some rotations the screen goes black!