Search found 1116 matches

by Silk McCue
Tue Oct 09, 2018 7:21 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating amount needed for SS bridge
Replies: 50
Views: 2795

Re: Calculating amount needed for SS bridge

I don’t believe it’s possible to get $54k in 2018 dollars for a maxed out Social Security benefit at age 70. I think the current max at age 70 is $3698 per month, or $44,376 per year. I come up with about a $64,000 max family benefit for someone born in 1956 (the latest year for which an AWI is ava...
by Silk McCue
Tue Oct 09, 2018 5:36 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating amount needed for SS bridge
Replies: 50
Views: 2795

Re: Calculating amount needed for SS bridge

I don’t believe it’s possible to get $54k in 2018 dollars for a maxed out Social Security benefit at age 70. I think the current max at age 70 is $3698 per month, or $44,376 per year.

You might want to recheck your numbers.

Cheers
by Silk McCue
Fri Oct 05, 2018 8:43 pm
Forum: Investing - Help with Personal Investments
Topic: RMD & brokerage account
Replies: 1
Views: 334

Re: RMD & brokerage account

They will be able to do that for you. Not certain how it will be different from what you’re doing now.

https://personal.vanguard.com/us/whatwe ... on?lang=en

Cheers
by Silk McCue
Mon Oct 01, 2018 6:25 am
Forum: Personal Consumer Issues
Topic: Can old perfumes/cologne be used?
Replies: 15
Views: 1324

Re: Can old perfumes/cologne be used?

Donate them or toss them. If they were stored in a house they are likely still good.

Real air fresheners are cheap and will take up less junk space.

Cheers
by Silk McCue
Fri Sep 28, 2018 9:25 pm
Forum: Personal Consumer Issues
Topic: Costco vision / first time at Costco
Replies: 21
Views: 1855

Re: Costco vision / first time at Costco

Very happy with my Optomoterist at Costco. They are independents so each location will vary. Pleased with the price of contacts and glasses as well. While you are in there your can pick up a 3lb roasted chicken that is cooked to perfection for $4.99. My last 3 birds weighed in at over 4 1/2 lbs each...
by Silk McCue
Thu Sep 27, 2018 5:22 am
Forum: Investing - Help with Personal Investments
Topic: Max % from non-spousal inherited IRA?
Replies: 17
Views: 870

Re: Max % from non-spousal inherited IRA?

If you can just take all the money out whenever...then I don't understand why one of the options is to have It all out in a certain amount of time. It just doesn't seem to make any sense. The 5 year rule allows you to let the IRA to continue to grow without taking funds out for up 5 years if you wi...
by Silk McCue
Wed Sep 26, 2018 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: Max % from non-spousal inherited IRA?
Replies: 17
Views: 870

Re: Max % from non-spousal inherited IRA?

I thought that since I didn't take all the money out within the first 5 years of owning the IRA that the money had to be taken ''slowly'' over my lifetime? I couldn't possibly empty the account in 1 year, could I? Yes you can. As long as you understand the taxes associated with doing so. This artic...
by Silk McCue
Mon Sep 24, 2018 1:27 pm
Forum: Personal Consumer Issues
Topic: Ripped off by a locksmith
Replies: 75
Views: 5651

Re: Ripped off by a locksmith

Time to strategically hide a spare key outside the house that takes effort to get to and is not anywhere near the door. That's what I do.

Cheers
by Silk McCue
Sat Sep 22, 2018 8:17 am
Forum: Personal Consumer Issues
Topic: Sports fan trying to cut cable
Replies: 11
Views: 935

Re: Sports fan trying to cut cable

We use Playstation Vue. The cheapest plan of $44.95 includes the channels you mention plus locals in most areas. You have the benefit of cloud DVR for as many programs as you choose. There maybe cheaper options but this is an option. We have a more costly plan just to get the Hallmark stations and a...
by Silk McCue
Thu Sep 20, 2018 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: Philanthropy 101
Replies: 13
Views: 867

Re: Philanthropy 101

I plan to give pretax direct from my retirement account when I am in my withdrawal phase to maximize the contribution, you can also have this count against RMD. If I retire early I would make my new job to mentor, volunteer help where I see I can do this most good. I hope the option to give directl...
by Silk McCue
Wed Sep 19, 2018 8:04 pm
Forum: Investing - Help with Personal Investments
Topic: Philanthropy 101
Replies: 13
Views: 867

Re: Philanthropy 101

Just keep it simple. Start giving and involve your children. Choose causes that are important to you, be a sponsor at a local event. Donate your time, especially with your children along side if you really want to impact your children’s lives. Don’t create a complicated process or mechanism in order...
by Silk McCue
Wed Sep 19, 2018 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: 401K loan
Replies: 7
Views: 517

Re: 401K loan

No need to complicate your life this way. Just pay off the HELOC in an accelerated fashion.

Cheers
by Silk McCue
Wed Sep 19, 2018 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: General 2018 Tax Question
Replies: 33
Views: 3721

Re: General 2018 Tax Question

I’d reply but really don’t understand what you are asking. Is this question one you don’t already have an answer for? Clearly there were significant changes in the tax code but we still have to put numbers on paper in the places where they belong.

Cheers
by Silk McCue
Tue Sep 18, 2018 8:58 pm
Forum: Personal Consumer Issues
Topic: State Farm nickel-and-diming me
Replies: 61
Views: 5455

Re: State Farm nickel-and-diming me

I would Just pay the $135 and move on with life. If this were a significant cost then it might be worth fighting for. BTW - I have been dealing with an auto accident for 3 weeks and just got the approval from the other drivers insurance to cover the repair. I spent a ton of time to help push that de...
by Silk McCue
Tue Sep 18, 2018 10:13 am
Forum: Personal Consumer Issues
Topic: Potential Water Leak Issue/Irregular Water Usage
Replies: 9
Views: 613

Re: Potential Water Leak Issue/Irregular Water Usage

Do you have access to the meter in the ground that shows water being consumed on an odometer style gauge (I do). If so, you can view it while making certain that no one in the house is using water. This would confirm whether or not water was being consumed without known use. I realize the variable u...
by Silk McCue
Tue Sep 18, 2018 7:39 am
Forum: Investing - Help with Personal Investments
Topic: Questions about parents retirement accounts
Replies: 5
Views: 561

Re: Questions about parents retirement accounts

My questions are: Since my father prefers not to use his 401k money and let it grow, what is the best thing for him to do with it after retirement? From what I understand, if he rolls it over to a traditional IRA, he would be required to take minimum distributions. Is he eligible to rollover to a R...
by Silk McCue
Tue Sep 18, 2018 6:08 am
Forum: Personal Consumer Issues
Topic: are iPad Minis obsolete?
Replies: 28
Views: 2998

Re: are iPad Minis obsolete?

I found the mini 4 to be frustratingly slow. I sold ours and bought an iPad 2017 and iPad 2018. Those both run very well. That is odd I have had various iPads over the years and currently have a Mini 4. It’s performance is not noticeably different than any of the others. Not trying to defend my pur...
by Silk McCue
Mon Sep 17, 2018 7:01 pm
Forum: Personal Consumer Issues
Topic: Overnight near Atlanta?
Replies: 30
Views: 1627

Re: Overnight near Atlanta?

We would fly if we could, but are looking to drive to save costs. There are four of us, all except the 11-year old are well over 6 feet, and we have an extremely difficult time flying coach. Discounted first to MCO would run about $3900, while to FLL is over five grand. Even coach is over $2k, Sout...
by Silk McCue
Mon Sep 17, 2018 6:12 pm
Forum: Investing - Help with Personal Investments
Topic: What's an acceptable fee range for a Target Date?
Replies: 6
Views: 483

Re: What's an acceptable fee range for a Target Date?

Adding on, can anyone speak to the difference between a "gross" and "net" expense ratio? I'm in a fund that reports a 0.14 gross, but a 0.08 net. But I don't really understand what that means. As the subject asks, I'm looking for opinions on this. I have access to Fidelity's LifeCycle 2045 and the ...
by Silk McCue
Mon Sep 17, 2018 5:16 pm
Forum: Personal Consumer Issues
Topic: Overnight near Atlanta?
Replies: 30
Views: 1627

Re: Overnight near Atlanta?

Next year trip on a weekend night in Atlanta - You should be ok unless you are doing the drive during superbowl weekend (it is in atlanta). No, it'll be towards the end of March, so 1.5 months after the SB? On the way back try to avoid driving from Florida to Atlanta on a Sunday. That is usually a ...
by Silk McCue
Mon Sep 17, 2018 9:15 am
Forum: Personal Consumer Issues
Topic: Overnight near Atlanta?
Replies: 30
Views: 1627

Re: Overnight near Atlanta?

You don't need to go as far as Macon once getting through Atlanta. There are plenty of hotels available south of the city proper. If you can't make it through Atlanta then Kennesaw has some good options that I have used in the past including Marriott Towneplace Suites that have 2 bedroom units at ve...
by Silk McCue
Mon Sep 17, 2018 7:30 am
Forum: Personal Consumer Issues
Topic: are iPad Minis obsolete?
Replies: 28
Views: 2998

Re: are iPad Minis obsolete?

I think it's less than 50/50 that a new Mini will be released. I switched last year from a full size iPad to a mini and like the form factor. If they don't release an update the Mini 4 will become obsolete for updates within a couple of years I would guess.

Cheers
by Silk McCue
Mon Sep 17, 2018 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Wolters Kluwer announces 2019 Inflation Adj
Replies: 5
Views: 1151

Re: Wolters Kluwer announces 2019 Inflation Adj

Thanks for sharing Alan. After Googling this topic a few minutes ago I found a Forbes article. I was then searching through recent posts to make certain it hadn't already been shared. Alas it has so I don't need to.

Cheers
by Silk McCue
Mon Sep 17, 2018 6:29 am
Forum: Investing - Help with Personal Investments
Topic: Newbie seeking help with planning asset allocation and fund selection in multiple retirement accounts
Replies: 4
Views: 437

Re: Newbie seeking help with planning asset allocation and fund selection in multiple retirement accounts

So glad that you have come across this site and WCI to help get you on the right investing track. Nice to see your first post.

In regards to how to invest with Fidelity funds the Wiki has a page that discusses that. It can be found here:

https://www.bogleheads.org/wiki/Fidelity

Cheers
by Silk McCue
Sun Sep 16, 2018 6:41 pm
Forum: Investing - Help with Personal Investments
Topic: Total Bond or Total Bond/short-term
Replies: 48
Views: 4812

Re: Total Bond or Total Bond/short-term

For those that may benefit from this piece of information. Achievacu.com has a 4.2% 5 year IRA CD with no early withdrawal penalty for those over 59.5. A number of posts can be found here on this site and many have opened CD’s here in the past few months including me. https://www.achievacu.com/Home/...
by Silk McCue
Sun Sep 16, 2018 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Calculation
Replies: 2
Views: 323

Re: Social Security Calculation

The Social Security calculates your average indexed monthly earnings during the 35 years in which you earned the most. We apply a formula to these earnings and arrive at your basic benefit, or “primary insurance amount.” ... You can begin to receive Social Security benefits as early as age 62, but ...
by Silk McCue
Sat Sep 15, 2018 6:55 am
Forum: Investing - Theory, News & General
Topic: Lazy Rebalancing Formula for Excel/Google Sheets
Replies: 3
Views: 657

Re: Lazy Rebalancing Formula for Excel/Google Sheets

Thanks Silk. You cut my calculation time in half moving me much closer towards optimal laziness! As an aside, because of your response, I found your post about the Achieve IRA CD. I thought it was a good fit for my dad and he is now interested in pursuing it. So thanks for all of your help. You are...
by Silk McCue
Fri Sep 14, 2018 9:40 pm
Forum: Investing - Theory, News & General
Topic: Lazy Rebalancing Formula for Excel/Google Sheets
Replies: 3
Views: 657

Re: Lazy Rebalancing Formula for Excel/Google Sheets

I analyzed how the tool was making its calculations while watching The Flash tonight on Netflix. It uses a percentage weighted approach on the funds that are under their target percentage. Too much of a paIn to provide instructions on how to create a spreadsheet to do that. Besides someone already s...
by Silk McCue
Fri Sep 14, 2018 6:25 pm
Forum: Investing - Theory, News & General
Topic: CDs role in Fixed income part of portfolio
Replies: 31
Views: 2795

Re: CDs role in Fixed income part of portfolio

My wife Is just over 2 years from retirement at ages 60/62 with A COLA’d pension that provides a nice base for us. I just moved north of $200k to Achieva Credit Union to a 5 year IRA CD at 4.2% a couple of months back from my Vanguard Bond holdings. That rate has been available since May and is avai...
by Silk McCue
Fri Sep 14, 2018 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Default of 403b loan?
Replies: 10
Views: 555

Re: Default of 403b loan?

If the $40k loan is from the account that has $450k in it there is no reason that he can't pay off this loan. Not paying off that loan is going to cause him (and I expect you) more headaches than he wants. If he pulls $200k from the tax deferred retirement account he will be trounced with taxes as a...
by Silk McCue
Fri Sep 14, 2018 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: IRA CDs, Ally bank?
Replies: 2
Views: 358

Re: IRA CDs, Ally bank?

I expect that you can reasonably move funds between any reputable financial institutions. The most important question for me is what are they paying for the term you are interested and what are the Early Withdrawal Penalties if you choose to pull out early. A little extra effort on the front or back...
by Silk McCue
Thu Sep 13, 2018 6:35 pm
Forum: Investing - Help with Personal Investments
Topic: DAF > Roth IRA? 12% tax bracket, no taxable
Replies: 46
Views: 3655

Re: DAF > Roth IRA? 12% tax bracket, no taxable

Be careful that you understand the various limits for deductions going to different tax-deductible entities as a percentage of AGI. Most are 50%, some are 30%, but I believe there is carryforward also. I'm nowhere near an expert in this, but I know enough to know that if you're withdrawing 90k from...
by Silk McCue
Thu Sep 13, 2018 6:11 pm
Forum: Investing - Help with Personal Investments
Topic: DAF > Roth IRA? 12% tax bracket, no taxable
Replies: 46
Views: 3655

Re: DAF > Roth IRA? 12% tax bracket, no taxable

This is a thought provoking discussion. To contribute, I wanted to share what I have done over the past couple of years to support tax efficient charitable giving and Roth Conversions (The Intro) which shows discusses how I funded that (not complex) and what I have been ruminating on for a few month...
by Silk McCue
Thu Sep 13, 2018 5:54 am
Forum: Investing - Help with Personal Investments
Topic: Advice for a 70 year old with windfall
Replies: 7
Views: 1595

Re: Advice for a 70 year old with windfall

If the wife passed away in 2018 then he can file MFJ this year. Going forward he will file Single -> Higher brackets. It’s time to run some tax scenarios to determine how much income to recognize his year to fill out their current marginal bracket to the top. That could go towards a partial Roth Con...
by Silk McCue
Wed Sep 12, 2018 5:17 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for a 70 year old with windfall
Replies: 7
Views: 1595

Re: Advice for a 70 year old with windfall

Check out this link I fo Nd on the subject. It appears that you can rollover to a Roth but it will be a fully taxable event. https://finance.zacks.com/roll-over-pers-roth-ira-10785.html PERS retirement plans are generally pretax, meaning you haven’t paid taxes on the money you’ve been stashing away ...
by Silk McCue
Tue Sep 11, 2018 6:36 pm
Forum: Personal Consumer Issues
Topic: How often do you guys get alignment done on your cars?
Replies: 60
Views: 3993

Re: How often do you guys get alignment done on your cars?

I buy a multi-year (discounted) alignment and have it checked with each oil change at no charge. Very inexpensive proposition.

Cheers
by Silk McCue
Mon Sep 10, 2018 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: Investing with Vanguard through an advisor
Replies: 4
Views: 463

Re: Investing with Vanguard through an advisor

You could hire a fee only advisor to help you develop a plan that uses only Vanguard funds.

Cheers
by Silk McCue
Mon Sep 10, 2018 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: One bond fund is enough?
Replies: 16
Views: 1726

Re: One bond fund is enough?

The Vanguard Target Date Funds and LifeStrategy funds hold the bond portion of their bond holdings allocated to 70% Vanguard Total Bond Market Index Fund Admiral Shares and 30% Vanguard Total International Bond Index Fund Admiral Shares. Many here hold these fund families. Many others hold only Tota...
by Silk McCue
Mon Aug 20, 2018 5:24 pm
Forum: Personal Consumer Issues
Topic: Designing floor plan for furniture layout
Replies: 15
Views: 993

Re: Designing floor plan for furniture layout

http://www.planyourroom.com/ Cheers Thanks. Maybe it's me, but I don't find the site so easy to use; it's kind of "temperamental" and would close me out of what I was working on. Do you know if there's a way to create a room that has more than four sides? Namely, while the room I'm designing for is...
by Silk McCue
Mon Aug 20, 2018 11:26 am
Forum: Investing - Theory, News & General
Topic: "75 Must Know Statistics About Long-Term Care: 2018 Edition"
Replies: 56
Views: 5951

Re: "75 Must Know Statistics About Long-Term Care: 2018 Edition"

Thanks for sharing Taylor.

I just read through the article. My wife and I plan to purchase within the next year or so. It is a complex consideration.

Cheers
by Silk McCue
Mon Aug 20, 2018 6:56 am
Forum: Personal Consumer Issues
Topic: Sheraton Kauai timeshare
Replies: 35
Views: 3878

Re: Sheraton Kauai timeshare

TRC wrote:
Sun Aug 19, 2018 8:00 pm
If you don't want to sit through a sales pitch, pay retail price. Why not hear the sale pitch out and see if it makes sense? Sounds like you like Hawaii?
It will never make sense.

Cheers
by Silk McCue
Sat Aug 18, 2018 7:49 pm
Forum: Personal Consumer Issues
Topic: Sheraton Kauai timeshare
Replies: 35
Views: 3878

Re: Sheraton Kauai timeshare

View this as an acting gig. Your pay is a very large discount on a great resort for 5 nights and a rental car for you and your wife. You can thoroughly enjoy all of your time as you choose but you must give 90 minutes of your time to ultimately frustrate a very determined salesperson. You’ve been se...
by Silk McCue
Thu Aug 16, 2018 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Selling/Exchanging Tax Implications
Replies: 6
Views: 557

Re: Selling/Exchanging Tax Implications

Understood, thanks! And finally to come full circle, if the exchange was done in a tax-sheltered account (like a ROTH IRA), no tax would apply? Correct. Within Tax deferred accounts (IRA, 401k, 403b, 457 ...) and seperately within Roth 401k/Roth IRA exchanges have no tax consequence. That is why pr...
by Silk McCue
Thu Aug 16, 2018 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Contemplating moving to Vanguard
Replies: 10
Views: 650

Re: Contemplating moving to Vanguard

You are most welcome. I understand your plan and would agree that this is a good step in the right direction given the limitation of not being able to walk away from the advisor.

There are more things to learn here than you can yet imagine.

Cheers
by Silk McCue
Thu Aug 16, 2018 2:18 pm
Forum: Personal Consumer Issues
Topic: Retire in Florida or Alabama?
Replies: 107
Views: 8130

Re: Retire in Florida or Alabama?

Well it only matters what they think...but... I would pay good money to not live in either Florida or Alabama. I do consider Florida more civilized. This. Please explain. Thanks man. The original post and the “This” are condescending as well as ... . The posts add no value to this conversation and ...
by Silk McCue
Thu Aug 16, 2018 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Selling/Exchanging Tax Implications
Replies: 6
Views: 557

Re: Selling/Exchanging Tax Implications

Thank you for your explanations! On a side note, does the same premise apply if you are transferring funds from vanguard to vanguard fund? EX) In my taxable account, I transfer X amount from Total Stock Index to Total Bond Index. Do capital gains or any tax apply in this case? No such thing as tran...
by Silk McCue
Thu Aug 16, 2018 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Deferred annuity inheritance
Replies: 6
Views: 414

Re: Deferred annuity inheritance

I found this on the web and should be helpful. I assume there many other authoratative articles. https://cbcsettlementfunding.com/annuities/types/inherited-annuity/ Are Inherited Annuities Taxable? Inherited annuities come with a number of tax implications, especially if the inherited beneficiary is...