Search found 316 matches

by LarryG
Mon Jan 06, 2020 4:55 pm
Forum: US Chapters
Topic: Wisconsin - Madison Meetings - Master Thread
Replies: 156
Views: 69164

Re: Wisconsin - Madison Meetings - Master Thread

Madison WI meeting this Saturday-kicking it up.
LarryG
by LarryG
Thu Jan 02, 2020 4:41 pm
Forum: Investing - Theory, News & General
Topic: RMD how do you use them?
Replies: 42
Views: 2830

Re: RMD how do you use them?

I use my RMD for foolish purchases like food, utility bills, health insurance etc. You get the idea. 90% of my portfolio is in my rollover IRA. We used taxable assets for living expenses when we first retired, but now (21 years into retirement) Our IRA plus social security provides us with all of ou...
by LarryG
Sun Dec 15, 2019 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: alternatives to doing estimated taxes
Replies: 7
Views: 999

Re: alternatives to doing estimated taxes

I have been doing this for years. I estimate my federal and state tax and then request Vanguard withhold 100% for each in separate transactions from my IRA. I then request that the balance of my RMD be deposited to our taxable money market account.
I do this in December.

LarryG
by LarryG
Wed Dec 04, 2019 11:23 pm
Forum: Personal Investments
Topic: Vanguard, RMD's and Taxes
Replies: 23
Views: 2492

Re: Vanguard, RMD's and Taxes

I just made a withdrawal from my IRA and specified that 100% was designated as withholding for my State Tax. In the next few days I will do the same for my Federal Tax. In a few weeks I will transfer the balance of my RMD to my taxable money market fund. I could have done this in one operation speci...
by LarryG
Sat Nov 30, 2019 10:25 am
Forum: Investing - Theory, News & General
Topic: How to define enough?
Replies: 73
Views: 10283

Re: How to define enough?

“How Much Is Enough? Bernstein recommends a rule of thumb, based on annuity payouts and spending patterns late in life, that you should have 20-25 times your residual living expenses (after pensions/Social Security) invested solely in safe assets. No stocks at all. This should be in TIPS, SPIAs, and...
by LarryG
Fri Nov 22, 2019 10:55 am
Forum: Personal Investments
Topic: Now That I have Won
Replies: 24
Views: 6370

Re: Now That I have Won

I spoke with a Vanguard Representative and was told that an automatic withdrawal of an RMD can be set up so that it can be done on any date for a future date and tax can be withheld.

ohai
Shocked by 5 year life expectancy?
Looking at my medical history it should be -25 years.

LarryG
by LarryG
Thu Nov 21, 2019 1:33 pm
Forum: Personal Investments
Topic: Now That I have Won
Replies: 24
Views: 6370

Re: Now That I have Won

Katietsu

Both my wife and my daughter are informed about all financial matters and either could make the RMD withdrawal for me (whether I had pneumonia or had recently taken my last inhale)

LarryG
by LarryG
Thu Nov 21, 2019 10:46 am
Forum: Personal Investments
Topic: Now That I have Won
Replies: 24
Views: 6370

Re: Now That I have Won

Correction
Birthday is December31.
Larry
by LarryG
Thu Nov 21, 2019 10:45 am
Forum: Personal Investments
Topic: Now That I have Won
Replies: 24
Views: 6370

Re: Now That I have Won

Artsdoctor
Thank you for your comment. Drawing RMD in December won’t be a problem. My birthday is December 3.


Annbert
It would be nice if RMDs stopped at 95. I would continue to fund the bond fund to cover future estimated RMDs.

LarryG
by LarryG
Wed Nov 20, 2019 4:32 pm
Forum: Personal Investments
Topic: Now That I have Won
Replies: 24
Views: 6370

Re: Now That I have Won

Megabad Initially, I had the same thoughts. Going from a portfolio with a “high” fixed income to one with a “high” equity position seems counter to the generally accepted ideas of portfolio management as you age. The difference is that my proposed portfolio will contain 5 years of my future RMDs. My...
by LarryG
Wed Nov 20, 2019 12:45 pm
Forum: Personal Investments
Topic: Now That I have Won
Replies: 24
Views: 6370

Re: Now That I have Won

Thank all of you for your response. I hope I can clarify some questions. Lou34 Instead of automatic distributions, I have taken partial distributions when my living expenses drop below 6 months value. Each December I withhold taxes and then withdraw the balance of the RMD. I will continue this. Not4...
by LarryG
Tue Nov 19, 2019 11:59 am
Forum: Personal Investments
Topic: Now That I have Won
Replies: 24
Views: 6370

Now That I have Won

I am 89. My IRA holds 90% of my assets (Total Bond Market Index Fund 60% and Total Stock Market 40%) My estimated life expectancy is 5 years. At the present time there is enough in the IRA to withdraw 12 years of RMD. I am considering to leave 4 years of estimated RMD in the bond fund, add one year ...
by LarryG
Wed Nov 13, 2019 9:41 am
Forum: Personal Investments
Topic: Money Market Fund in IRA for RMD
Replies: 17
Views: 1248

Re: Money Market Fund in IRA for RMD

Thanks to all who have responded. It occurred to me that the idea of a “ cash reserve” may be considered the first step in adopting the concept (discussed by Bill Bernstein) of reallocating holdings when you have won the game. What I am considering is placing estimated RMDs for the next 10 years (I ...
by LarryG
Sun Nov 10, 2019 12:12 pm
Forum: Personal Investments
Topic: Money Market Fund in IRA for RMD
Replies: 17
Views: 1248

Money Market Fund in IRA for RMD

My IRA contains 2 funds, an equity and a bond fund. I am subject to RMD and have used withdrawals to balance my asset allocation. Would opening a money market fund with the amount of the next year RMD in the IRA be of value to protect against making a withdrawal from equity or bond funds during a se...
by LarryG
Sat Nov 02, 2019 2:25 pm
Forum: Investing - Theory, News & General
Topic: Mel's Unloved Mid-Caps Finally Getting Some Respect
Replies: 80
Views: 14234

Re: Mel's Unloved Mid-Caps Finally Getting Some Respect

Years ago Mel told me about Midcaps and I bonds. I bought both and now wish I had bought more.
Once again the combination of Mel and Taylor was on the mark.
Best to both of them
LarryG
by LarryG
Mon Oct 14, 2019 11:34 am
Forum: Personal Finance (Not Investing)
Topic: What’s the proper way to pay yourself in retirement?
Replies: 66
Views: 9026

Re: What’s the proper way to pay yourself in retirement?

I have been retired for 20+ Years and in addition to SS all of our living expenses come from my IRA. RMD determines the amount withdrawn. What has worked for us is to determine a baseline in our taxable money market (6 month expenses) and withdraw estimated future expense from IRA when balance drops...
by LarryG
Mon Oct 14, 2019 10:42 am
Forum: Personal Consumer Issues
Topic: Wild Planet Sardines quality problem [Review of sardine brands]
Replies: 36
Views: 5425

Re: Wild Planet Sardines quality problem [Review of sardine brands]

King Oscar with olive oil. Mash with fork. Add wine vinegar and chopped onions. Spread on buttered rye bread and
ENJOY
LarryG
by LarryG
Sat Sep 14, 2019 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Left Over 529
Replies: 9
Views: 1454

Re: Left Over 529

Bacchus01
I am involved because I funded the account, but more importantly, I am Interested in finding the best option for my grandson.
LarryG
by LarryG
Sat Sep 14, 2019 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Left Over 529
Replies: 9
Views: 1454

Left Over 529

My grandson is graduating next spring and there will be a considerable amount in his 529 account. He doesn’t seem to be interested in graduate school, but who knows? His aunt is the custodian. I feel that the money should go to him (some day after further education is not followed) Aside from gradua...
by LarryG
Sun Mar 17, 2019 6:16 pm
Forum: US Chapters
Topic: Wisconsin - Madison Meetings - Master Thread
Replies: 156
Views: 69164

Re: Wisconsin - Madison Meetings - Master Thread

To those interested. We have no formal application or requirements- just interest. This is a “walk in” group There is no charge and all are welcome. Some spouses attend. We even had a child attend with his father (he told me that he didn’t find the discussion interesting) Swagat has a large lunch bu...
by LarryG
Sat Mar 16, 2019 10:26 am
Forum: US Chapters
Topic: Wisconsin - Madison Meetings - Master Thread
Replies: 156
Views: 69164

Re: Wisconsin - Madison Meetings - Master Thread

Our meetings this year, 2019, are May 11, July 13, Sept. 14, and Nov. 9
We meet at noon at Swagat's Indian Restaurant (http://www.swagatindianrestaurant.com/) on the west side of Madison at 707 N. High Point Rd. near the Alicia Ashman Public Library.

Join us

LarryG
by LarryG
Mon Feb 04, 2019 4:04 pm
Forum: Personal Investments
Topic: RMD in taxable,montly,quaterly or lump ?'s
Replies: 5
Views: 407

Re: RMD in taxable,montly,quaterly or lump ?'s

Consider using your RMD to pay Fed. And State income tax. You can have entire tax payment withheld next December for your 2019 tax payment. IRS and state (WI for me) consider withheld payment to be for entire year. No quarterly estimates needed.
LarryG
by LarryG
Sat Jan 26, 2019 9:52 pm
Forum: US Chapters
Topic: Happy Birthday Taylor! 96 years young!
Replies: 77
Views: 6088

Re: Happy Birthday, Taylor!

Happy birthday, my friend.
LarryG
by LarryG
Tue Jan 15, 2019 11:41 am
Forum: Investing - Theory, News & General
Topic: "Dirt Simple Wins Again. Couch Potato Portfolio"
Replies: 20
Views: 4925

Re: "Dirt Simple Wins Again. Couch Potato Portfolio"

Our local Boglehead group met last Saturday and we discussed our 2018 performance and asset allocation. Most of us experienced a loss of 2-3%.
I lost 2% with a 2 Fund portfolio 65% in bonds.
KISS
LarryG
by LarryG
Sat Jan 05, 2019 3:49 pm
Forum: Personal Investments
Topic: Target Date Fund vs. 3 Fund Portfolio
Replies: 53
Views: 21345

Re: Target Date Fund vs. 3 Fund Portfolio

I have a 2 Fund portfolio. Total Stock Market and Total Bond Market. No International. I am 88 years old.
My grandchildren have Total Stock Market in their Roth, but they also own I bonds.
I have agreed with John Bogle for many years about not needing International.
LarryG
by LarryG
Sat Dec 22, 2018 4:50 pm
Forum: US Chapters
Topic: My Christmas Present To You
Replies: 108
Views: 13010

Re: My Christmas Present To You

Merry Christmas, Taylor. Enjoy the cruise.
Fondest memories.
Larry Gottlieb
by LarryG
Sun Oct 07, 2018 10:35 am
Forum: Investing - Theory, News & General
Topic: What part of your investment philosophy was "Inspired by Jack Bogle"?
Replies: 27
Views: 1403

Re: What part of your investment philosophy was "Inspired by Jack Bogle"?

I have followed the “Bogle Philosophy” for 20 years.I also use the two fund portfolio with a small (5%) Midcap Index Fund component.
The withdrawals (RMD) are used to follow my desired asset allocation.
Simple and effective.
LarryG
by LarryG
Mon Oct 01, 2018 10:04 am
Forum: Personal Investments
Topic: individual bond ladder vs bond fund
Replies: 5
Views: 1006

Re: individual bond ladder vs bond fund

If you create a bond ladder using Treasuries you will: 1 Pay no commission 2 Eliminate credit risk 3 Eliminate interest rate risk (if you hold to maturity) Despite market price, holding to maturity will always guarantee that you receive your purchase price. This is not true of a bond fund. The amoun...
by LarryG
Sun Jul 22, 2018 1:18 pm
Forum: Investing - Theory, News & General
Topic: "4 Reasons Why We Overcomplicate Investing"
Replies: 30
Views: 5592

Re: "4 Reasons Why We Overcomplicate Investing"

The numerous discussions about the merits of international funds are almost entirely theoretical. Vanguard’s site gives actual figures. The expense ratio of VTSAX is .04%, VTIAX .11%., YTD VTSAX is 3.28% VTIAX -3.62%, 1 year VTSAX 14.8% VTIAX 7.1% 5yr VTSAX 13.26%, VTIAX 6.42% I agree with Mr. Bogle...
by LarryG
Sun Jul 22, 2018 10:42 am
Forum: Investing - Theory, News & General
Topic: "4 Reasons Why We Overcomplicate Investing"
Replies: 30
Views: 5592

Re: "4 Reasons Why We Overcomplicate Investing"

Is there a comparison of the 2 fund portfolio (Total Stock Market Index Fund and Total Bond Market Index Fund) to the 3 fund portfolio. Even less complicated !
Larry G.
by LarryG
Thu May 17, 2018 2:31 pm
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 209
Views: 16257

Re: how do you tip on wine at a restaurant

Ever since my grandaughter worked as a server in high school and presently in college, I have increased tips. Whether we have a drink before dinner, or wine or beer with dinner, I tip the same I round up a dollar or two above 20%. I usually tip more for breakfast because the work s the same, but cha...
by LarryG
Tue May 15, 2018 5:46 pm
Forum: US Chapters
Topic: Yes, I'm 89 all right! [Jack Bogle]
Replies: 126
Views: 15620

Re: Yes, I'm 89 all right! [Jack Bogle]

Happy Birthday!
I’m 2 years younger and will pass on two quotes
Bette Davis , "Old age ain't no place for sissies!"
Senator Claude Pepper when he was being “pitched” for a long term investment “Long term! I don’t even buy green bananas”

Enjoy
Larry Gottlieb
by LarryG
Sat Mar 10, 2018 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard’s online RMD tool updated to facilitate QCDs
Replies: 21
Views: 2458

Re: Vanguard’s online RMD tool updated to facilitate QCDs

When I read this thread I decided to try a withdrawal from my RMD and designate a charity. I used one of our charities to which we send a small contribution. The system works well and Vanguard indicated that a check will be sent within 2 days. We plan to use this for the 20 charities that we support...
by LarryG
Sat Feb 24, 2018 10:53 am
Forum: Personal Finance (Not Investing)
Topic: What is the most efficient method of taking RMDs from my IRA
Replies: 9
Views: 1794

Re: What is the most efficient method of taking RMDs from my IRA

In late November-early December, I have my entire federal and state income tax withheld from the fund(s) that returns my asset allocation to the desired ratio. I then withdraw any excess from fund(s) that adjusts for asset allocation. I have been following this method for several years and it is sim...
by LarryG
Tue Feb 20, 2018 10:52 am
Forum: Personal Consumer Issues
Topic: Sams Club vs Costco
Replies: 78
Views: 8483

Re: Sams Club vs Costco

We are members of both, but we drive past Sam’s each time we go to Costco. A few weeks age Sam’s closed . They do offer a refund on the amount of membership remaining.
LarryG
by LarryG
Wed Dec 20, 2017 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Stamp inheritance
Replies: 30
Views: 3650

Re: Stamp inheritance

First thing is to get the stamp albums out of the attic and in a dry area. Place the albums upright, not on side. If there are any mint (not used) stamps, moisture will cause problems. If the stamps are US, it would be relatively easy to get some idea of the value. I have had people send a few photo...
by LarryG
Thu Nov 23, 2017 11:11 am
Forum: US Chapters
Topic: May You Always Do For Others And Let Others Do for You - Happy Thanksgiving dear Bogleheads
Replies: 15
Views: 1925

Re: May You Always Do For Others And Let Others Do for You - Happy Thanksgiving dear Bogleheads

Good to see your post and hope all is well with you. Happy Thanksgiving
Larry G.
by LarryG
Sun Oct 29, 2017 9:41 am
Forum: Personal Investments
Topic: Anyone use individual Bonds instead of Bond Funds in retirement fund?
Replies: 18
Views: 2241

Re: Anyone use individual Bonds instead of Bond Funds in retirement fund?

In the past, when interest rates were higher, I held a ladder of treasuries in my IRA. The treasuries were purchased through Vanguard’s bond desk at no commission and held to maturity. The process of purchasing bonds is simple. A five year ladder of treasuries was described by Annette Thau in her bo...
by LarryG
Fri Sep 15, 2017 9:51 am
Forum: Personal Finance (Not Investing)
Topic: "Get Ready! Medicare Will Mail New Cards to 60 Million People"
Replies: 5
Views: 1372

Re: "Get Ready! Medicare Will Mail New Cards to 60 Million People"

I hope that they will use new numbers. The present ID numbers are the social security number with a letter at the end. This is an invitation for identity theft. Another problem is that the current cards are paper and easily fray.
Aside from this, I love my Medicare.
LarryG
by LarryG
Wed Sep 13, 2017 2:31 pm
Forum: Personal Consumer Issues
Topic: Hearing aid 101
Replies: 95
Views: 12474

Re: Hearing aid 101

A number of years ago I purchased an expensive hearing aid from the audiologist in the ENT clinic. I never was sure that I was able to hear better and didn't wear it very often. Two years ago I was tested at Costco and was assured that I really did have significant hearing loss. I was fitted for beh...
by LarryG
Sun Aug 20, 2017 11:18 am
Forum: Investing - Theory, News & General
Topic: I own no international stocks. Can you guess why?
Replies: 167
Views: 22983

Re: I own no international stocks. Can you guess why?

Taylor, I find it interesting that you have changed your thoughts about the need to hold international funds. I recall our conversations about this several years ago. A few reasons may be: 1. The 5 year return for VTSAX is 14.54% compared to 7.68% for VTIAX. 2. The expense ratio for VTSAX is .04%, V...
by LarryG
Sat Aug 19, 2017 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: RMD taxation taken in December
Replies: 12
Views: 1736

Re: RMD taxation taken in December

I determine how much my withholding should be and then withdraw that amount (from IRA) and indicate 100% be withheld. I do this for both federal and state. This is done in December for the entire year. Any income still remaining in IRA, required to be distributed to meet RMD, is transferred to taxab...
by LarryG
Thu Feb 23, 2017 6:38 pm
Forum: Investing - Theory, News & General
Topic: TRF vs. Three-fund Portfolio
Replies: 6
Views: 1070

Re: TRF vs. Three-fund Portfolio

I wasn't happy with the international stock and bond allocations in the Target Retirement Fund, so I switched to Total Stock Market Index Fund and Total Bond Market Index Fund. I rebalance by withdrawing from appropriate fund.
That's just me.
Larry
by LarryG
Thu Feb 23, 2017 4:41 pm
Forum: Investing - Theory, News & General
Topic: Retiree Accumulation/Withdrawal Phase -- How many funds do you have? Allocation? Withdrawal strategy?
Replies: 90
Views: 10880

Re: Retiree Accumulation/Withdrawal Phase -- How many funds do you have? Allocation? Withdrawal strategy?

Sandtrap The RMD is a percentage of the value of the IRA at the end of the previous year. At age 86 I had to withdraw 7.1% of my IRA. At age 71 the amount was 3.7%, at age 100 it will be 15.9% The government wants to be sure that it gets it's share! My average withdrawal has been 5.2% since 1999. I ...
by LarryG
Thu Feb 23, 2017 12:07 pm
Forum: Investing - Theory, News & General
Topic: Retiree Accumulation/Withdrawal Phase -- How many funds do you have? Allocation? Withdrawal strategy?
Replies: 90
Views: 10880

Re: Retiree Accumulation/Withdrawal Phase -- How many funds do you have? Allocation? Withdrawal strategy?

Age 86, retired 17 years. Two funds, 65% Total Bond Market Index Fund, 35% Total Stock Market Index Fund. Both funds in IRA which is over 95% of portfolio. The 5% not in IRA is in Roth and taxable is invested in Midcap Index Fund and I bonds Withdrawal strategy- Amount determined by RMD. Withdraw fr...
by LarryG
Thu Sep 29, 2016 3:43 pm
Forum: Investing - Theory, News & General
Topic: why not just buy BRK
Replies: 91
Views: 11549

Re: why not just buy BRK

In 1985 a friend loaned me a copy of "The Money Masters" by John Train. One of the "masters" was Warren Buffett. I was impressed that his company, Berkshire Hathaway, had many of the advantages of a mutual fund with none of the disadvantages. I invested some of my pension plan in the stock selling f...
by LarryG
Sat Apr 02, 2016 12:12 pm
Forum: Personal Investments
Topic: Targetl retirement index or total bond and total stock
Replies: 1
Views: 520

Targetl retirement index or total bond and total stock

At age 85 and looking at simplification, a few years ago, I transferred my holdings to Vanguard Target Retirement Index Fund in my IRA. I am not fond of the international stock and bond holdings in that fund and am considering a change to 70% Total Bond Market Index Fund and 30% Total Stock Market I...
by LarryG
Mon Dec 21, 2015 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Are you Financially Literate?
Replies: 33
Views: 3886

Re: Are you Financially Literate?

If my income doubles, the amount that I pay in tax increases at a higher rate leaving less to buy at double the price.
I won't make a political remark!
LarryG
by LarryG
Sun Jul 19, 2015 2:19 pm
Forum: Personal Investments
Topic: Three-fund portfolio for retirees?
Replies: 10
Views: 2280

Re: Three-fund portfolio for retirees?

My wife and I are happy (not completely healthy) 80+ year olds living on SS plus RMDs from my IRA. A number of years ago I considered dividends and interest to be important in my approach to funds. Discussions with Taylor convinced me that total return was a better way to look at the fund returns. A...
by LarryG
Sun Jul 19, 2015 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: A retiree's personal experience...
Replies: 39
Views: 9610

Re: A retiree's personal experience...

I retired 12/31/1998. My withdrawal rate from a 50%/50% portfolio (at start) has averaged 4.9%. The value of the portfolio is 4.1% higher than the date of retirement.
LarryG