Search found 1631 matches

by WoodSpinner
Tue Sep 29, 2020 12:10 pm
Forum: Personal Investments
Topic: Allocation Adjustment Sale Losses
Replies: 3
Views: 168

Re: Allocation Adjustment Sale Losses

OP,

Yes the loss can be used based on the IRS tax rules.

A different target date fund would not trigger a wash sale (e.g. substantially different)

WoodSpinner
by WoodSpinner
Mon Sep 28, 2020 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: unemployed and freaked
Replies: 15
Views: 3144

Re: unemployed and freaked

OP, My suggestion is that you focus on your job hunt — this is probably the most important and best return on your efforts. Interest rates are very low at this point. Given your short timeframe you could shift to a HYSA or even a MYGA. Realistically it won’t move the needle much. Best of luck to you...
by WoodSpinner
Mon Sep 28, 2020 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Parents being sued, am I liable for anything?
Replies: 20
Views: 3241

Re: Parents being sued, am I liable for anything?

Op,

Are you part owner of the rental? Do you have your parents as owners on any of your accounts?

Do they have insurance for the rental?

WoodSpinner
by WoodSpinner
Mon Sep 28, 2020 4:10 pm
Forum: Forum Issues and Administration
Topic: Forum attains 100,000 members
Replies: 24
Views: 2074

Re: Forum attains 100,000 members

I feel like I have found my tribe in this forum. Thanks to all for making this such a helpful and thought provoking place.

WoodSpinner
by WoodSpinner
Mon Sep 28, 2020 11:55 am
Forum: Personal Finance (Not Investing)
Topic: 401K Overpayment - Ex Employer Asking for Money Back
Replies: 93
Views: 5087

Re: 401K Overpayment - Ex Employer Asking for Money Back

OP,

There is also the REAL possibility that this overpayment will trigger significant taxes and penalties and tax filing fees. Any agreement with the company should include them making you whole.

WoodSpinner
by WoodSpinner
Mon Sep 28, 2020 11:48 am
Forum: Personal Investments
Topic: Buckets in Retirement
Replies: 97
Views: 7453

Re: Buckets in Retirement

I’m pretty confused by all this at the moment, probably need another cup of coffee. It seems like unless you have 100% of your financial assets invested in a single investment you have some kind of bucket strategy and a lot of the rest of the discussion is semantics. Interesting and helpful to thin...
by WoodSpinner
Mon Sep 28, 2020 11:39 am
Forum: Personal Investments
Topic: Buckets in Retirement
Replies: 97
Views: 7453

Re: Buckets in Retirement

Woodspinner on your three phase approach, curious in #3 why VGIT was chosen over a intermediate or longer term bond fund? Thanks for the reply VGIT is an Intermediate Treasury Fund. It has an average duration of 5.3 years ( source ). This is roughly in the ballpark for the timing of expected expens...
by WoodSpinner
Mon Sep 28, 2020 10:15 am
Forum: Investing - Theory, News & General
Topic: Retirees spending question
Replies: 41
Views: 3285

Re: Retirees spending question

OP, I retired at 58 and my wife at 57. We are spending more, largely due to travel, RVing and TAXES! Roth conversions are the largest driver of our tax rates at this point. 2020 has been a strange year, travel is down due to Covid-19 and all the fires (I am in N. California) and my wife’s family jus...
by WoodSpinner
Mon Sep 28, 2020 9:44 am
Forum: Investing - Theory, News & General
Topic: Were you nervous when you retired?
Replies: 78
Views: 6589

Re: Were you nervous when you retired?

I retired at 60. I liked my job (but don't miss the administrivia BS at all), but there were many things I wanted to do outside of work that I didn't have enough vacation time for. I miss the people I worked with, but I wouldn't have the personal interactions now with most people working from home ...
by WoodSpinner
Sun Sep 27, 2020 4:06 pm
Forum: Personal Investments
Topic: Buckets in Retirement
Replies: 97
Views: 7453

Re: Buckets in Retirement

For the LMP portion, VGIT roughly matches the duration of expected expenses.

An argument for VGLT could be made for the FI portion of the growth portfolio. My thinking was to keep things simple and reduce the ETFs that I own.

WoodSpinner
by WoodSpinner
Sat Sep 26, 2020 1:00 pm
Forum: Investing - Theory, News & General
Topic: Introducing the Bogleheads Speaker Series
Replies: 11
Views: 1370

Re: Introducing the Bogleheads Speaker Series

Looking forward to the speaker series! Thanks for the hard work to pull this together.

WoodSpinner
by WoodSpinner
Sat Sep 26, 2020 9:45 am
Forum: Personal Investments
Topic: Is a Trust really needed today?
Replies: 18
Views: 1896

Re: Is a Trust really needed today?

OP,

What state is the family member in?

Are there any other objectives for the trust besides the ones outlined above?

WoodSpinner
by WoodSpinner
Fri Sep 25, 2020 9:45 am
Forum: Personal Investments
Topic: Buckets in Retirement
Replies: 97
Views: 7453

Re: Buckets in Retirement

ginstwin wrote: Thu Sep 24, 2020 9:55 pm WoodSpinner- Thanks for the excellent explanation. To keep the buckets fully funded 0-10 years do you transfer funds annually from your long term growth bucket?
Only if needed due to a revision in my cash flow model.
by WoodSpinner
Thu Sep 24, 2020 9:08 pm
Forum: Personal Investments
Topic: Buckets in Retirement
Replies: 97
Views: 7453

Re: Buckets in Retirement

OP, I am using a LMP/buckets approach and find it pretty easy to manage. The key from my experience is to have a model of your Cashflow needs through retirement. Another plus is to have sufficient assets and income streams to support retirement with plenty of leeway. In my case, the LMP is about 1/3...
by WoodSpinner
Thu Sep 24, 2020 5:10 pm
Forum: Investing - Theory, News & General
Topic: Never Ever Rebalance Bonds into Stocks?
Replies: 245
Views: 15899

Re: Never Ever Rebalance Bonds into Stocks?

During 2008-9, I came to the realization that in a Japan-type scenario, rebalancing a mature portfolio (I was age 49 then; I'm 60 now) from bonds into stocks might be a "Pascal's Wager". If you're wrong and stocks keeping going down for a long time, you effectively "flush" good money into bad money...
by WoodSpinner
Thu Sep 24, 2020 9:44 am
Forum: Personal Consumer Issues
Topic: How big is the used class B RV bubble?
Replies: 8
Views: 1936

Re: How big is the used class B RV bubble?

OP, Only time will really answer your question. FWIW, I own a PleasureWay Class B and would be happy to answer any questions you have based on our experiences. Feel free to PM me. We are very glad we purchased the RV in 2018 but: - We had a good idea of how we wanted to travel and use the RV - It wa...
by WoodSpinner
Mon Sep 21, 2020 7:24 pm
Forum: Personal Consumer Issues
Topic: Camping Lantern
Replies: 44
Views: 2376

Re: Camping Lantern

We have had good luck with these.... Vont 2 Pack LED Camping Lantern, Super Bright Portable Survival Lanterns, Must Have During Hurricane, Emergency, Storms, Outages, Original Collapsible Camping Lights/Lamp (Incl. Batteries) https://www.amazon.com/dp/B018L2WM86/ref=cm_sw_r_cp_tai_.puAFbTQN9ZS2 Uses...
by WoodSpinner
Sun Sep 20, 2020 3:16 pm
Forum: Non-US Investing
Topic: Investing in Guaranteed products [EU]
Replies: 13
Views: 1496

Re: Investing in Guaranteed products

Why wouldn’t you just by a Treasury STRIP for the amount you need with the appropriate duration. This will inexpensively allow you to meet your main goal. WoodSpinner Was not aware of them. Just did a little research on what they are and seem to fit the purpose. Where and how can one buy them ? Sin...
by WoodSpinner
Sun Sep 20, 2020 11:02 am
Forum: Non-US Investing
Topic: Investing in Guaranteed products [EU]
Replies: 13
Views: 1496

Re: Investing in Guaranteed products

Thank you Glorat for the detailed analysis and explanation. I just have a couple questions: In order to make things simplier, my main target is to have the Capital as safe as possible without decreasing the total amount for the next 6-8 years and at the same time having the possibility for it to ha...
by WoodSpinner
Fri Sep 18, 2020 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Requesting Expenses and Financial Status Checkup
Replies: 8
Views: 603

Re: Requesting Expenses and Financial Status Checkup

OP, Congrats — overall I think you are doing well! A couple of questions.... 1. How much income do you expect from the cars that you are flipping? Seems like a good side-hustle but am not sure if we are seeing the income as well as the expenses. 2. Are you trying to up your savings rate? Where do y...
by WoodSpinner
Fri Sep 18, 2020 7:38 pm
Forum: Personal Investments
Topic: Rebalancing to 50/50
Replies: 55
Views: 5188

Re: Rebalancing to 50/50

Paul, thank you for thinking about this. You mentioned that Bogleheads prefer 20% in International stock. If that is the case, do you think I should forget the International bond fund? You are the second person here who thinks I might be OK if I didn't go all the way to 50% stock. That is really lo...
by WoodSpinner
Fri Sep 18, 2020 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Requesting Expenses and Financial Status Checkup
Replies: 8
Views: 603

Re: Requesting Expenses and Financial Status Checkup

OP, Congrats — overall I think you are doing well! A couple of questions.... 1. How much income do you expect from the cars that you are flipping? Seems like a good side-hustle but am not sure if we are seeing the income as well as the expenses. 2. Are you trying to up your savings rate? Where do yo...
by WoodSpinner
Fri Sep 18, 2020 1:39 pm
Forum: Personal Consumer Issues
Topic: Your "at peace" moments.
Replies: 144
Views: 20193

Re: Your "at peace" moments.

Paddling my kayak on a calm creek and watching the Osprey Chicks learn how to fledge.

WoodSpinner
by WoodSpinner
Fri Sep 18, 2020 1:24 pm
Forum: Personal Investments
Topic: Roth IRA withdrawal question for parent nearing retirement
Replies: 21
Views: 1485

Re: Roth IRA withdrawal question for parent nearing retirement

OP,

See this link for details on Tax Implications for Roth withdrawals.

WoodSpinner
by WoodSpinner
Fri Sep 18, 2020 9:03 am
Forum: Personal Investments
Topic: Decision time...to lump sum or not to lump sum
Replies: 24
Views: 2195

Re: Decision time...to lump sum or not to lump sum

OP, It’s a tough choice, one of the hardest I had to make in my Retirement planning. See this thread for my LumpSum Decision Analysis . Short Version, I took the Pension as a 15 Year Certain which assured me an income floor till SS started at 70. The security of the monthly income during these unusu...
by WoodSpinner
Fri Sep 18, 2020 8:50 am
Forum: Personal Investments
Topic: In need of a strategy update
Replies: 14
Views: 1334

Re: In need of a strategy update

OP,

Do you have a target Asset Allocation?

What are your key goals for this money?

Is there a reason you haven’t consolidated similar accounts (e.g. 401Ks, Roth’s)?

WoodSpinner
by WoodSpinner
Wed Sep 16, 2020 9:47 pm
Forum: Investing - Theory, News & General
Topic: what percent of retirement should be invested in tax deferred vs tax free accounts?
Replies: 39
Views: 3183

Re: what percent of retirement should be invested in tax deferred vs tax free accounts?

As a younger person my asset allocation is 30% bonds and 70% stocks. However as I get older that [shifts] towards a more bond heavy profile closer to retirement Can I think of tax defered and tax free accounts (ie Roth) as the same around my retirement age? Should my retirement accoutns be maxed ou...
by WoodSpinner
Wed Sep 16, 2020 9:41 pm
Forum: Investing - Theory, News & General
Topic: The Fed, Snowflake, and Stocks
Replies: 53
Views: 5798

Re: The Fed, Snowflake, and Stocks

Snowflake’s valuation is unprecedented. But what should a company that is winning against Amazon be worth? Note, Amazon is in the Cloud Computing business. Cloud Data Warehousing is just a small subset of that world. It might be a great company but I have been out of the loop on Cloud Computing sin...
by WoodSpinner
Tue Sep 15, 2020 10:26 am
Forum: Personal Investments
Topic: Preparation for the last chapter without you
Replies: 11
Views: 1774

Re: Preparation for the last chapter without you

OP, We wrote a Retirement Policy Statement to help with this phase. It includes info in all the accounts, plans for SS, Medicare, Beneficiaries, locations of key documents, passwords, Estate Plan strategies and our Investment Policy Statement. Updated yearly and proofread by my DW. We are also inter...
by WoodSpinner
Mon Sep 14, 2020 8:28 pm
Forum: Personal Consumer Issues
Topic: Caretaker for parents?
Replies: 46
Views: 3055

Re: Caretaker for parents?

OP, A couple of suggestions.... 1. Read the 36 Hour Day? , it is a good read for someone stepping up to help care for an Alzheimer’s patient. 2. Try and find an Alzheimer’s support group near by. It really helps to talk, share, and compare notes. 3. Expect personalities, food preferences and habits ...
by WoodSpinner
Mon Sep 14, 2020 8:53 am
Forum: Personal Investments
Topic: Help with Personal Investments
Replies: 4
Views: 629

Re: Help with Personal Investments

OP, Have you put together a target plan on what assets you want to own? My suggestion is you simplify down to less than 6 funds (3-4 is certainly doable). In the meantime, I would strongly advise open8ng a Rollover IRA and rolling over all of the 401K assets to it. Since is all Tax-Deffered, you can...
by WoodSpinner
Mon Sep 14, 2020 8:32 am
Forum: Personal Investments
Topic: Roth conversion-How fast
Replies: 26
Views: 2447

Re: Roth conversion-How fast

I understand the statements above. I would be doing transfers from pre taxIRA (vanguard mutual funds) to roth, and also to my after tax account for income. My plan was to go the the top of the 24% tax rate but below the IRRMA MAGI $326K for 5 yrs. I still do not understand NIIT relationship with pr...
by WoodSpinner
Fri Sep 11, 2020 5:37 pm
Forum: Investing - Theory, News & General
Topic: Timing the market for Roth Conversions. Sin?
Replies: 18
Views: 940

Re: Timing the market for Roth Conversions. Sin?

OP, I am also an opportunist for ROth Conversions. Typically I DCA and convert VTI monthly in-kind . During the major corrections in March I accelerated my conversions and converted on each market low. Completed 90% of my target in March. I resumed normal DCA conversions in August for the remainder....
by WoodSpinner
Tue Sep 08, 2020 11:12 am
Forum: Personal Investments
Topic: Requesting advice for financial planning
Replies: 11
Views: 942

Re: Requesting advice for financial planning

OP, I would vote for your Option 4. Pay a CFP who understands Retirement planning, Taxes, and Estate Plans to pull together a Retirement plan. You don’t seem to need someone to manage your portfolio at this point. Perhaps start out with an initial meeting to layout your circumstances and key questio...
by WoodSpinner
Tue Sep 08, 2020 11:00 am
Forum: Personal Investments
Topic: How much capital gains?
Replies: 16
Views: 1249

Re: How much capital gains?

I am sure that I was never asked to specify how they calculate capital gains. Does anyone else know? It’s not difficult but we need more info... Here is a link to the WIKI on how to calculate: https://www.bogleheads.org/wiki/Capital_gains_distribution You need to know info about your Income, Deduct...
by WoodSpinner
Sun Sep 06, 2020 9:19 am
Forum: Investing - Theory, News & General
Topic: Is it really passive index if S&P actively excludes Tesla?
Replies: 145
Views: 10340

Re: Is it really passive index if S&P actively excludes Tesla?

As I said earlier, how a company makes money is vital information—that said, I don’t own individual stocks. WoodSpinner You keep saying that but you do not offer any rationale or justification. Just saying it in vacuum is useless. The justification is pretty clear.... - Is it repeatable? - Is it le...
by WoodSpinner
Sat Sep 05, 2020 7:34 pm
Forum: Investing - Theory, News & General
Topic: Is it really passive index if S&P actively excludes Tesla?
Replies: 145
Views: 10340

Re: Is it really passive index if S&P actively excludes Tesla?

As I said earlier, how a company makes money is vital information—that said, I don’t own individual stocks. WoodSpinner You keep saying that but you do not offer any rationale or justification. Just saying it in vacuum is useless. The justification is pretty clear.... - Is it repeatable? - Is it le...
by WoodSpinner
Sat Sep 05, 2020 8:27 am
Forum: Investing - Theory, News & General
Topic: Is it really passive index if S&P actively excludes Tesla?
Replies: 145
Views: 10340

Re: Is it really passive index if S&P actively excludes Tesla?

You are missing the main point, that there are numerous ways a company is profitable. Business models that are not even in existence today, will someday be a huge part of the economy. Just because we don't understand it today doesn't mean a particular business model is less valid. OMG I am having a...
by WoodSpinner
Fri Sep 04, 2020 9:05 pm
Forum: Investing - Theory, News & General
Topic: Is it really passive index if S&P actively excludes Tesla?
Replies: 145
Views: 10340

Re: Is it really passive index if S&P actively excludes Tesla?

You are missing the main point, that there are numerous ways a company is profitable. Business models that are not even in existence today, will someday be a huge part of the economy. Just because we don't understand it today doesn't mean a particular business model is less valid. OMG I am having a...
by WoodSpinner
Fri Sep 04, 2020 9:57 am
Forum: Investing - Theory, News & General
Topic: Assessing your investment behavior during the pandemic
Replies: 35
Views: 2205

Re: Assessing your investment behavior during the pandemic

I like this thread ..... What we did right: Invested the time and energy to build out an Investment Policy Statement (IPS) that made sense for us. Had an AA that reasonably matched our risk tolerance (55/45). Some days wished we had a higher allocation and others a lower. Did not panic and sell out....
by WoodSpinner
Sun Aug 30, 2020 5:06 pm
Forum: Forum Issues and Administration
Topic: Bookmarklet to lookup selected word in wiki's abbreviation table
Replies: 33
Views: 1950

Re: Bookmarklet to lookup selected word in wiki's abbreviation table

Doesn’t seem to work in Safari on my iPad iOS 13.6.1

It’s a nice idea though

WoodSpinner
by WoodSpinner
Sun Aug 30, 2020 8:09 am
Forum: Personal Consumer Issues
Topic: Removing a White Oak from Side Yard
Replies: 36
Views: 2087

Re: Removing a White Oak from Side Yard

OP, Consider contacting a local Woodworking or Woodturning group and invite them to harvest or slab some of the wood after the Arborists bring down the branches and trunk. Ask them for a donation of bowls or some furniture for a remembrance. WoodSpinner Will do. DW is really keen on this idea. Now ...
by WoodSpinner
Sat Aug 29, 2020 8:06 am
Forum: Personal Consumer Issues
Topic: Removing a White Oak from Side Yard
Replies: 36
Views: 2087

Re: Removing a White Oak from Side Yard

OP, Consider contacting a local Woodworking or Woodturning group and invite them to harvest or slab some of the wood after the Arborists bring down the branches and trunk. Ask them for a donation of bowls or some furniture for a remembrance. WoodSpinner +1 This is so true and it has been working ou...
by WoodSpinner
Fri Aug 28, 2020 9:37 pm
Forum: Personal Consumer Issues
Topic: Removing a White Oak from Side Yard
Replies: 36
Views: 2087

Re: Removing a White Oak from Side Yard

OP,

Consider contacting a local Woodworking or Woodturning group and invite them to harvest or slab some of the wood after the Arborists bring down the branches and trunk. Ask them for a donation of bowls or some furniture for a remembrance.

WoodSpinner
by WoodSpinner
Fri Aug 28, 2020 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Pull Out Money From 401k to Buy New Home
Replies: 20
Views: 1712

Re: Pull Out Money From 401k to Buy New Home

OP,

How secure are your jobs? Main downsides of a 401k loan is it becomes due if you are laid-off and you loose your opportunity cost of investing and compound growth.

WoodSpinner
by WoodSpinner
Fri Aug 28, 2020 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Am I crazy? Cabin advice
Replies: 61
Views: 6460

Re: Am I crazy? Cabin advice

OP,

How sure are you about the interest rate? 2.75%/30 year is fantastic for a second home — I haven’t seen anything close to that.

WoodSpinner
by WoodSpinner
Wed Aug 26, 2020 10:11 pm
Forum: Personal Investments
Topic: Retirement advice
Replies: 13
Views: 1591

Re: Retirement advice

OP, Welcome aboard! Can you provide some more insights into your expenses now and what you think they may be in Retirement? Using. % of income to plan Retirement is not the best approach — too many variables! Do both of you have a 457 and a Roth? Not quite sure from the info provided. Do you have e...
by WoodSpinner
Wed Aug 26, 2020 7:52 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1715
Views: 223396

Re: Reached another milestone: $1M in Savings

OP, Congrats! Some free advice..... Sit down with your wife, share a beverage, some food, and enjoy the moment. Check-in and see how each is feeling, what worked, and what isn’t. See if you are aligned on the next goal. But don’t get too attached to the number. It will change, it may go up, may go d...
by WoodSpinner
Wed Aug 26, 2020 7:40 pm
Forum: Personal Investments
Topic: Retirement advice
Replies: 13
Views: 1591

Re: Retirement advice

OP, Welcome aboard! Can you provide some more insights into your expenses now and what you think they may be in Retirement? Using. % of income to plan Retirement is not the best approach — too many variables! Do both of you have a 457 and a Roth? Not quite sure from the info provided. Do you have ex...
by WoodSpinner
Wed Aug 26, 2020 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Poll of the retirees among us--spending in retirement
Replies: 76
Views: 6697

Re: Poll of the retirees among us--spending in retirement

Going forward, the biggest expense will become taxes. We have large amounts parked in retirement accounts which we have not started to use much. We face the tax bomb of RMD’s at age 72. When we both get on Medicare, we will need a strategy of Roth conversions and/or withdrawals to begin paying our ...