Search found 155 matches

by ByThePond
Thu Nov 14, 2019 9:08 pm
Forum: Personal Consumer Issues
Topic: Romantic northeast winter weekend getaway?
Replies: 23
Views: 2447

Re: Romantic northeast winter weekend getaway?

Mohonk Mountain House, New Paltz, NY.
by ByThePond
Sun Nov 10, 2019 12:59 pm
Forum: US Chapters
Topic: U. S. Marine Corps Birthday
Replies: 22
Views: 1454

Re: U. S. Marine Corps Birthday

FIL was a Marine during WW2. His great-grandson recently completed his Marine Corps basic training.
I have respect and gratitude for both.
by ByThePond
Tue Oct 22, 2019 7:46 am
Forum: Personal Finance (Not Investing)
Topic: What do Bogleheads think about House Hacking?
Replies: 51
Views: 6041

Re: What do Bogleheads think about House Hacking?

It can be a great idea, or it can be a headache. Financially it can give one a leg up, but at the expense of loss of privacy, as noted. Growing up in an urban neighborhood, the norm was to live in a two-family house, either as owner or tenant. It wasn't thought of as a 'hack', just wise management, ...
by ByThePond
Sun Oct 20, 2019 4:01 pm
Forum: Personal Consumer Issues
Topic: Wallets [Do you carry a wallet?]
Replies: 102
Views: 8169

Re: Wallets [Do you carry a wallet?]

I carry a carbon fiber, RFID blocking front pocket wallet containing 2 CC's, driver's license, insurance card, and some walking-around cash. Life got simpler after retiring.
by ByThePond
Fri Oct 11, 2019 1:53 pm
Forum: Personal Investments
Topic: Roth conversion
Replies: 10
Views: 1029

Re: Roth conversion

JohnFiscal wrote:
Fri Oct 11, 2019 11:38 am

There's also a Bogleheads spreadsheet that does similar calculations, I can't think of it off-hand but someone will be along in a moment to add it.
RPM
https://www.bogleheads.org/wiki/Retiree_Portfolio_Model

Very, very good. It just takes time to set up and learn.
by ByThePond
Thu Oct 10, 2019 5:07 pm
Forum: Personal Investments
Topic: Roth Conversions and Safe Withdrawal Rate
Replies: 8
Views: 1126

Re: Roth Conversions and Safe Withdrawal Rate

I like i-ORP, but it's more of a hammer. If you really want the screwdriver, and your focus is on RMDs and conversion, I suggest you download Retiree Portfolio Model. It takes some effort to set up, but it's well worth your time, and specifically for granular data on Roth conversions, RMDs, and tax...
by ByThePond
Fri Aug 09, 2019 4:16 pm
Forum: Investing - Theory, News & General
Topic: "Locking in Gains" and How to Do So
Replies: 17
Views: 2145

Re: "Locking in Gains" and How to Do So

H-Town wrote:
Thu Aug 08, 2019 12:46 pm
I can only think of one situation where it applies: when you win the game and adjust your allocation towards your new risk profile. Other than that, locking the gains has very little meaning.
This.
by ByThePond
Wed Jul 24, 2019 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Feel like we are spinning our wheels (financially speaking). How far behind are we?!
Replies: 63
Views: 6875

Re: Feel like we are spinning our wheels (financially speaking). How far behind are we?!

"i know that we don't have enough squandered away (esp. given our age) to purchase anything" Squandered away? Is there a word for an autocorrect that results in the exact antonym of the intended word? Or maybe there's a little rodent called a squander that stores nuts for Winter? :happy I think OP ...
by ByThePond
Thu Jul 18, 2019 12:03 pm
Forum: Personal Consumer Issues
Topic: Gold Coin for fun, not for investment or numismatics [Canadian Maple Leaf]
Replies: 31
Views: 2772

Re: Gold Coin for fun, not for investment or numismatics [Canadian Maple Leaf]

Where's the fun? Psychology Time was, back in my student days, at the end of the day I sometimes didn't have the 15 cents needed for the toll booth on my home trip, and had to take wearysome side roads. I lacked a dime and a nickel in that day's budget. Today I usually carry a $100 platinum coin (A...
by ByThePond
Mon Jun 17, 2019 5:46 pm
Forum: Personal Consumer Issues
Topic: Mosquitos
Replies: 45
Views: 4132

Re: Mosquitos

lightheir wrote:
Sat Jun 15, 2019 9:03 pm
If you don't like the smell of deet try picaridin based sprays for skin. Just as effective and almost no smell.
+1
by ByThePond
Tue Apr 30, 2019 7:12 pm
Forum: Personal Investments
Topic: Adjusting AA vs SPIA in retirement
Replies: 11
Views: 716

Re: Adjusting AA vs SPIA in retirement

Something that is puzzling to me is that the 'bond tent' originally put forward by Kitces and Pfau was basically a sort of bond ladder for a certain period of time, presumably at least enough to cover the first crucial decade's spending in fixed income, used in an effort to reduce sequence of retur...
by ByThePond
Tue Apr 30, 2019 3:49 pm
Forum: Personal Investments
Topic: Adjusting AA vs SPIA in retirement
Replies: 11
Views: 716

Re: Adjusting AA vs SPIA in retirement

Your plan is just what I have done. At age 63, I annuitized a chunk of my portfolio, 45%, into a SPIA that will pay out 5.61% of the original premium annually until we're both gone. That, along with our smaller SS, will cover our expenses until the larger SS kicks in six years from now. My AA went f...
by ByThePond
Mon Apr 29, 2019 8:42 pm
Forum: Investing - Theory, News & General
Topic: When do you notice the compounding at work?
Replies: 137
Views: 28696

Re: When do you notice the compounding at work?

I think I started to notice this "exponential appreciation" when I'd look at my balance-over-time graphs in TIAA or Vanguard, and see an upwardly-concave Total Balance line that diverged ever more from a rather linear Contributions line. This was a visual cue that total value was increasing faster t...
by ByThePond
Mon Apr 29, 2019 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: I'm not going to run out
Replies: 62
Views: 9279

Re: Retirees: I'm not going to run out

I knew 2 or 3 years ago that my timeline would work before I pulled the plug this past year. I jumped the gun a bit due to a minor health issue and the realization that no one is getting younger. The great bull market of recent made not running out especially certain, and I took some chips off the t...
by ByThePond
Mon Apr 29, 2019 1:10 pm
Forum: Personal Investments
Topic: Ameriprise Exit Costs: How to Minimize Fees?
Replies: 9
Views: 759

Re: Ameriprise Exit Costs: How to Minimize Fees?

I agree with mhalley. Just hold your nose and get out. This is exactly what I did some years ago in much the same situation with Ameriprise. The sooner you put it behind you, the sooner you'll begin to recoup the exit fees, and the sooner you'll feel better about it all.
Good luck.
by ByThePond
Fri Apr 26, 2019 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Received money from Wells Fargo.
Replies: 33
Views: 3672

Re: Received money from Wells Fargo.

Interesting. I have never heard of a retirement account being abandoned. Is anyone familiar with this? Apparently it is possible, at least in the state of NJ. Just researched it. Here, retirement accounts are considered abandoned if, after 3 years from a RMD (or other required distribution), and a ...
by ByThePond
Tue Apr 23, 2019 7:45 am
Forum: Personal Finance (Not Investing)
Topic: travel budget in retirement
Replies: 47
Views: 3744

Re: travel budget in retirement

In our first year of retirement, just about 33% of budgeted expenses, but noticeably less than anticipated income.
by ByThePond
Fri Apr 19, 2019 2:56 pm
Forum: Personal Investments
Topic: Should I start doing Roth Conversions and if so
Replies: 89
Views: 6641

Re: Should I start doing Roth Conversions and if so

Have you run calculations on tools like i-orp (https://www.i-orp.com/bequest/index.html ). or RPM ( https://www.bogleheads.org/wiki/Retiree_Portfolio_Model ) ? I'm sure other members can give more detailed advice than I, but these were good places for my initial analyses. RPM in particular yields an...
by ByThePond
Wed Apr 17, 2019 8:28 am
Forum: Investing - Theory, News & General
Topic: ETFs vs. Mutual Funds ("Bogleheads Mentioned in the NYT")
Replies: 59
Views: 8911

Re: ETFs vs. Mutual Funds ("Bogleheads Mentioned in the NYT")

I have no idea why, after this long, you want to come back and restart it. I explained myself already. Twice. I think people are making too much of a trivial, lighthearted post. Let's let it rest. I shall. btw, I don't always read and reply to this site on a daily basis. So sometimes there's a lag ...
by ByThePond
Tue Apr 16, 2019 7:40 am
Forum: Investing - Theory, News & General
Topic: What is your one favorite fixed income for retirement?
Replies: 46
Views: 7006

Re: What is your one favorite fixed income for retirement?

My favorite is a TIAA traditional SPIA that's paying 5.61% until both of us are gone. Non-inflation-adjusted, but it currently covers most of our expenses. Spouses SS fills the gap, and my SS at 70 will put us well over the top.
The portfolio, with both VTSAX and VBTLX is the cherry on top.
by ByThePond
Mon Apr 15, 2019 9:44 am
Forum: Investing - Theory, News & General
Topic: ETFs vs. Mutual Funds ("Bogleheads Mentioned in the NYT")
Replies: 59
Views: 8911

ETFs vs. Mutual Funds ("Bogleheads Mentioned in the NYT")

It is ABSOLUTELY RIDICULOUS to suggest ETFs are similar to Grape Bricks which were a means to circumvent the law. I am an American and as such, am effectively prevented by law from both buying mutual funds and investing in overseas funds as I work where my employment has taken me. To suggest that, ...
by ByThePond
Mon Apr 15, 2019 7:29 am
Forum: Investing - Theory, News & General
Topic: ETFs vs. Mutual Funds ("Bogleheads Mentioned in the NYT")
Replies: 59
Views: 8911

ETFs vs. Mutual Funds ("Bogleheads Mentioned in the NYT")

ETFs are grape bricks. Aptly and hilariously put. Much like ordering a diet coke to accompany a double beef Whopper and super-sized fries. Pretty un-Boglehead IMO. Absolutely ridiculous. I can't stand these comments about "anti-Boglehead". There are MANY of us on the forum with good index portfolio...
by ByThePond
Mon Apr 15, 2019 7:12 am
Forum: Personal Investments
Topic: ORP says I should stop all pre-tax contribs
Replies: 75
Views: 6713

Re: ORP says I should stop all pre-tax contribs

The section for INCOME where it says RETIREMENT INCOME is actually for CURRENT income (if you are still working and are trying to model the next, say, 40 years). That threw me off. He indicated he will change the nomenclature (or the instructions) for the next version. I worked out by trial and err...
by ByThePond
Sun Apr 14, 2019 3:43 pm
Forum: Personal Investments
Topic: ORP says I should stop all pre-tax contribs
Replies: 75
Views: 6713

Re: ORP says I should stop all pre-tax contribs

Right now I am really struggling with RPM (see https://www.bogleheads.org/forum/viewtopic.php?f=2&t=97352&p=4492991#p4492991). I may give up soon if I can't get it to work. I'm using a combination of Flexible Retirement Planner and i-ORP. FRP is a Monte Carlo simulator and it allows you to set reti...
by ByThePond
Fri Apr 12, 2019 5:17 pm
Forum: Investing - Theory, News & General
Topic: ETFs vs. Mutual Funds ("Bogleheads Mentioned in the NYT")
Replies: 59
Views: 8911

ETFs vs. Mutual Funds ("Bogleheads Mentioned in the NYT")

ETFs are grape bricks.
Aptly and hilariously put. Much like ordering a diet coke to accompany a double beef Whopper and super-sized fries. Pretty un-Boglehead IMO.
by ByThePond
Thu Apr 11, 2019 6:44 am
Forum: Personal Investments
Topic: Leave out the bond fund of the 3 fund portfolio??
Replies: 40
Views: 3780

Re: Leave out the bond fund of the 3 fund portfolio??

I was 0% bonds as a younger investor and rode through 2008 without much angst. I even invested more heavily at the time. My reasoning was that I had a very stable, good job, no debt, and enough time til planned retirement to see a recovery. But you'd better believe that as I approached an (earlier-t...
by ByThePond
Wed Mar 13, 2019 8:41 pm
Forum: Personal Investments
Topic: Roth rollovers post retirement - or not?
Replies: 16
Views: 1556

Re: Roth rollovers post retirement - or not?

You may wish to run your numbers through the Retiree Portfolio Model in the wiki. (https://www.bogleheads.org/wiki/Retiree_Portfolio_Model) It allows for the various conditions you want to consider and not only evaluates the advisability of Roth conversions, but also demonstrates the projected tax/m...
by ByThePond
Tue Mar 05, 2019 12:26 pm
Forum: Personal Investments
Topic: Roth conversion
Replies: 48
Views: 4540

Re: Roth conversion

OP, with regard to your question of whether to Roth convert into your 24% bracket, you can get a good handle on it by using the Retiree Portfolio Model (RPM) https://www.bogleheads.org/wiki/Retiree_Portfolio_Model in the wiki. I had much the same question and found a counterintuitive solution that p...
by ByThePond
Fri Mar 01, 2019 8:37 pm
Forum: Personal Investments
Topic: What did wise people do with their investments in 2008
Replies: 101
Views: 8417

Re: What did wise people do with their investments in 2008

In 2008 I had a paid off mortgage, an AA of 100% equities, about 12 years to retirement, and a boost in salary. I increased my investments, wholly in equities, with my increase in salary and kept telling myself that it would pay off in time. That it did and I retired sooner than expected. At the tim...
by ByThePond
Wed Feb 20, 2019 8:10 am
Forum: Personal Investments
Topic: How much is too much capital loss carryover?
Replies: 25
Views: 2095

Re: How much is too much capital loss carryover?

I am in a similar situation (large capital loss carryover, pending Roth conversions). Can the tax from Roth conversions be offset by the capital loss carryover? I am unclear if that is possible. I'm afraid not, though I wish it were. I'm in that boat as well. Only the $3k could be applied. See belo...
by ByThePond
Mon Feb 18, 2019 6:52 pm
Forum: Investing - Theory, News & General
Topic: Do you look back and wish you were more aggressive?
Replies: 64
Views: 4839

Re: Do you look back and wish you were more aggressive?

I was 100/0 from the early 90's until about 2016, when I realized I had met my number and then some. I retired last year a couple of years sooner than anticipated. During that time I had very secure employment though. I was aggressive and it paid off. Recently I took a lot of the rewards off the tab...
by ByThePond
Mon Feb 04, 2019 11:20 am
Forum: Personal Investments
Topic: Asset Allocation and Trad TIAA
Replies: 6
Views: 622

Re: Asset Allocation and Trad TIAA

I think you're mixing up two different things. Yes, Trad can be considered a bond in your portfolio. I have both restricted Trad in my GRA and unrestricted Trad in my GSRA. The latter can be used for rebalancing. However, once you annuitize a portion of your accumulation for lifetime income, that p...
by ByThePond
Sun Feb 03, 2019 12:14 pm
Forum: Personal Investments
Topic: Asset Allocation and Trad TIAA
Replies: 6
Views: 622

Re: Asset Allocation and Trad TIAA

To my way of thinking, yes, your TIAA Trad, if annuitized, can count as a bondlike asset. It doesn't share all the properties of a bond, though. For example, you probably can't use it for rebalancing. On the other hand, when annuitized, it is certainly a fixed income and has less volatility than equ...
by ByThePond
Sat Feb 02, 2019 10:03 pm
Forum: Personal Investments
Topic: What do wise people do with 401(k) balances?
Replies: 35
Views: 4850

Re: What do wise people do with 401(k) balances?

Not claiming to be wise, but in my case, I used a large chunk of it at retirement to purchase a single premium immediate annuity. The balance of my 401(k) is being converted into a Roth account to avoid RMDs later on. The annuity, along with DW's SS covers our basic living expenses. DW's 401(k) rem...
by ByThePond
Fri Feb 01, 2019 7:30 am
Forum: Personal Investments
Topic: What do wise people do with 401(k) balances?
Replies: 35
Views: 4850

Re: What do wise people do with 401(k) balances?

Not claiming to be wise, but in my case, I used a large chunk of it at retirement to purchase a single premium immediate annuity. The balance of my 401(k) is being converted into a Roth account to avoid RMDs later on. The annuity, along with DW's SS covers our basic living expenses. DW's 401(k) rema...
by ByThePond
Thu Jan 31, 2019 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Have you received more tax refund than reported?
Replies: 11
Views: 855

Re: Have you received more tax refund than reported?

Yes. Years ago, before the advent of available home tax software (heck, even before home computers), I made a minor error on my return. The IRS caught it, increased my refund, and sent a explanatory note.
by ByThePond
Thu Jan 31, 2019 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Were you 100% debt free at retirement
Replies: 163
Views: 11906

Re: Were you 100% debt free at retirement

Went debt free by finishing off the mortgage in 2007. That freed up additional funds for investing during the time while stocks were on sale.
Retired last year, two years earlier than first anticipated.
Just plain luck, but "fortune favors the prepared".
by ByThePond
Wed Jan 30, 2019 6:16 pm
Forum: Personal Finance (Not Investing)
Topic: Your Opinion Of Vanguard Retirement Calculator
Replies: 17
Views: 1488

Re: Your Opinion Of Vanguard Retirement Calculator

Can you use a spreadsheet? See the wiki: Retiree Portfolio Model - Bogleheads , developed by forum member BigFoot48. A direct link to the support thread: Retiree Portfolio Model +1 It takes a lot to set up and there's a learning curve, but I found it to be the best and most customizable of all the ...
by ByThePond
Sun Jan 27, 2019 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: What Percentage of Your Pre-Retirement Income are You Projecting You Will Need?
Replies: 108
Views: 7887

Re: What Percentage of Your Pre-Retirement Income are You Projecting You Will Need?

I am projecting that my expenses will be about the same and that my gross income in retirement will also be just about the same, then rising at age 70 . That looks like an immediate 30% or better increase in net, spendable income, due to the loss of payroll taxes, commuting, and retirement savings. ...
by ByThePond
Sat Jan 26, 2019 8:04 pm
Forum: Personal Consumer Issues
Topic: Desktop Computer (home): Do you leave it "On" or turn "off" after using?
Replies: 77
Views: 5112

Re: Desktop Computer (home): Do you leave it "On" or turn "off" after using?

It's left on except when we're out of town or during thunderstorms. I had one fried once by a nearby lightning strike.
by ByThePond
Thu Jan 24, 2019 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Why doesn't a lot of money feel like a lot of money?
Replies: 205
Views: 22512

Re: Why doesn't a lot of money feel like a lot of money?

Haven't read all the posts yet, but those I have read remind me of two things: 1) What I call relative proportionalism, whereby you compare the added increment to the amount already on hand. e.g., $1,000 to a poor person means much more than $1,000 to a rich person. Perhaps the same as hedonic adapt...
by ByThePond
Wed Jan 16, 2019 4:00 pm
Forum: Personal Consumer Issues
Topic: Violin beginner tries an Irish tune, comments welcome
Replies: 8
Views: 859

Re: Violin beginner tries an Irish tune, comments welcome

Very nice. You should be quite happy with the improvement.
Except for the one note "noted", it was perfect. :beer <--- Guinness
by ByThePond
Wed Jan 16, 2019 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Ever encountered a toxic advisor? How did you handle it?
Replies: 25
Views: 3331

Re: Ever encountered a toxic advisor? How did you handle it?

Long ago, when I was only semi-Bogleheadish, I let family members talk me into investing some money with their advisor at Ameriprise. After a while, it was clear that my own Bogleheadish investments were consistently doing better, and I began to question the advisor more closely on her advice. At on...
by ByThePond
Wed Jan 16, 2019 8:56 am
Forum: Personal Investments
Topic: Calculating basis of TIAA annuity payments for state taxes
Replies: 0
Views: 142

Calculating basis of TIAA annuity payments for state taxes

Hi all, This is a new situation for me, and I can't find an answer by searching. In 2018 I began receiving annuity payments from TIAA on an account that was fully funded with tax deferred money, rolled into an ira and then annuitized. Clearly I'll pay fed taxes on the full distribution, but my state...
by ByThePond
Tue Jan 15, 2019 10:12 am
Forum: Personal Consumer Issues
Topic: downspout extension part
Replies: 7
Views: 963

Re: downspout extension part

Thank you. I followed the link and also looked at b style elbows on the web. If I am visualizing them correctly they go off at 90 degrees so they would be dumping water at the foundation, when what I need is something that goes off at 45 degrees. No. The item I linked _IS_ a 45 degree flat elbow, a...
by ByThePond
Tue Jan 15, 2019 7:57 am
Forum: Personal Consumer Issues
Topic: Winter boot recommendation
Replies: 34
Views: 3627

Re: Winter boot recommendation

Another vote for L. L. Bean's boots, especially the fleece lined types. Cozy warm and wearable all day. They now have more styles than they used to.
by ByThePond
Tue Jan 15, 2019 7:41 am
Forum: Personal Consumer Issues
Topic: downspout extension part
Replies: 7
Views: 963

Re: downspout extension part

I'm pretty sure they make a 45 degree elbow joint that has the angle in the flatter dimension of the piece. You could then insert one ahead of the horizontal piece of your downspout. Like this: https://www.lowes.com/pd/Amerimax-4-1875-in-White-Aluminum-Side-Elbow/3709930?cm_mmc=SCE_PLA-_-LumberAndBu...
by ByThePond
Sun Jan 13, 2019 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversion
Replies: 36
Views: 3366

Re: Roth conversion

Yes. Just started this year with a $30k conversion. The goal is to completely empty out the remainder of my tax deferred acct by age 70, during the time that DW's RMDs begin. Like many here, we had a lot of our portfolio in tax deferred accts. ACA and IRMAA are not issues. I also purchased a large S...
by ByThePond
Wed Jan 09, 2019 6:37 pm
Forum: Personal Consumer Issues
Topic: Balsam Hill - Defective Christmas Tree
Replies: 66
Views: 3034

Re: Balsam Hill - Defective Christmas Tree

We liked the look of these trees enough to buy one a couple of years ago. The light controller system was inoperable, and the tree was returned for a replacement. The second one appeared to have been already returned by someone else, and had different electrical problems. At that point, we requested...
by ByThePond
Thu Dec 27, 2018 6:13 pm
Forum: Investing - Theory, News & General
Topic: What was your best investment in 2018?
Replies: 127
Views: 8211

Re: What was your best investment in 2018?

Negotiating a buyout package from my employer and purchasing a TIAA SPIA. Market gyrations are pretty low on my angst list now.