Search found 1407 matches

by WoodSpinner
Sun May 24, 2020 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Approaching 40, worried about financial future
Replies: 85
Views: 7688

Re: Approaching 40, worried about financial future

In the FIRE community, many believe it takes about 10 years to become "FI". The math is easy. Actions are more tough and it seems like you are starting out the journey, which usually begins when people have a similar realization. Mine came when I was 33 - my first was born, we just moved into a new...
by WoodSpinner
Sun May 24, 2020 10:57 am
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 257
Views: 16689

Re: The axe falls and I am prepared. What's next?

If I were in your shoes, I would not want to work for cheap, but I am also afraid of losing opportunities by not looking for a job. That is probably your feeling. You don't need any advices, you just want some validation, I guess. Maybe, they will inform you next week that your job is not in jeopar...
by WoodSpinner
Sat May 23, 2020 1:26 pm
Forum: Personal Consumer Issues
Topic: Tips to stick to a weight loss diet?
Replies: 70
Views: 3212

Re: Tips to stick to a weight loss diet?

OP, A subject dear to my own journey..... I have been overweight almost my entire life (probably in the Medically obese category) and have tried lots of diets,excercise, fasting etc. Here are some suggestions that worked for me: - Focused on a lifestyle shift, not a diet - It is a long term transiti...
by WoodSpinner
Fri May 22, 2020 7:52 pm
Forum: Personal Investments
Topic: How to create 60/40 portfolio?
Replies: 9
Views: 1345

Re: How to create 60/40 portfolio?

OP,

Can you share a bit about your expenses? Goals besides buying a house?

WoodSpinner
by WoodSpinner
Fri May 22, 2020 7:28 pm
Forum: Personal Investments
Topic: Can retirement be this simple?
Replies: 31
Views: 4216

Re: Can retirement be this simple?

I know it's not part of your question, but why did you role over your pension into a lump sum? The annuity option worked out to about the same rate of 4.25%. That was really my only reason. This is a decision that I suggest you do some more research in. It was one of the most difficult ones for us ...
by WoodSpinner
Fri May 22, 2020 2:09 pm
Forum: Personal Consumer Issues
Topic: Remote teaching a 15 year old [about stocks]
Replies: 30
Views: 1208

Re: Remote teaching a 15 year old [about stocks]

OP,

Wondering if broadening the discussion towards Financial Literacy (e.g. here is how you can make money, invest wisely, and take CONTROL of your life)?

This has gotten some traction with my daughter and niece....
https://www.choosefi.com/book/

WoodSpinner
by WoodSpinner
Fri May 22, 2020 11:02 am
Forum: Personal Consumer Issues
Topic: What to look for when buying a table saw?
Replies: 50
Views: 2133

Re: What to look for when buying a table saw?

I haven't read all the replies, but just wanted to mention that the table saw is probably the most dangerous tool in the woodworking shop. My dad just about cut off his finger (it was able to be reattached) and lots of people do even worse. I've never had any real close calls, but I've been working...
by WoodSpinner
Thu May 21, 2020 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Handling student loans during & after COVID-19
Replies: 3
Views: 272

Re: Handling student loans during & after COVID-19

Hi all, I am curious to get opinions about paying down student loans given that payments are postponed without accruing interest through September 2020. I have no other debt, but my student loan debt from undergrad and graduate school is substantial (~60k). I have a secure post-doc position through...
by WoodSpinner
Tue May 19, 2020 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Another Round Retirement Plan
Replies: 29
Views: 2082

Re: Another Round Retirement Plan

OP,

How old are you now? Planning a 2034 Retirement? Earlier or Later?

WoodSpinner
by WoodSpinner
Tue May 19, 2020 8:44 am
Forum: Investing - Theory, News & General
Topic: Efficiency or resiliency in investing, business, personal finance, etc.
Replies: 83
Views: 3450

Re: Efficiency or resiliency in investing, business, personal finance, etc.

Curious. What do you consider a resilient asset class? I'm not sure that there is such a thing. But investors should seemingly be more concerned about their overall finances being resilient than their investments, and they should be more concerned about their portfolio being resilient than their in...
by WoodSpinner
Mon May 18, 2020 9:29 am
Forum: Personal Finance (Not Investing)
Topic: How to convince amazon.com - Spending is difficult and confusing to track
Replies: 12
Views: 1334

Re: How to convince amazon.com - Spending is difficult and confusing to track

There's an easier way to get a single detailed report from Amazon for a group of purchases. Got to "Your Account", and select "Download order reports", then you can select the time period for the report. Amazon will generate a nice spreadsheet with multiple columns, including Categories, payment ty...
by WoodSpinner
Mon May 18, 2020 9:21 am
Forum: Investing - Theory, News & General
Topic: Draw down strategy
Replies: 7
Views: 509

Re: Draw down strategy

OP,

Classic balancing act.

So what does the cash flow and tax analysis say? You are balancing ACA payments now against a future of increased taxes on RMDs.

WoodSpinner
by WoodSpinner
Mon May 18, 2020 7:42 am
Forum: Investing - Theory, News & General
Topic: Ben Felix - How to Retire Early (The 4% Rule)
Replies: 221
Views: 15387

Re: Ben Felix - How to Retire Early (The 4% Rule)

Just remember that models are only as good as their assumptions. I do data analysis and make models for a living. In modeling, many assumptions are optimistic. Will you have large unforeseen health/legal/disaster expenses? Will markets really behave as they have? Can you really gut your way through...
by WoodSpinner
Sat May 16, 2020 3:56 pm
Forum: Personal Consumer Issues
Topic: How did you feel after giving notice to retire?
Replies: 52
Views: 4280

Re: How did you feel after giving notice to retire?

Assume you have enough money to retire with a very conservative asset allocation. Is it normal to have conflicting thoughts? Second guessing yourself. Maybe about how much money you are leaving on the table. Feelings of separation and loss. Can anyone relate to this? Francis OMG, totally normal! :s...
by WoodSpinner
Sat May 16, 2020 9:21 am
Forum: Personal Investments
Topic: Does portfolio size matter when considering Sequence of return risk?
Replies: 43
Views: 2436

Re: Does portfolio size matter when considering Sequence of return risk?

OP, Lot’s of opinions! First, well done! You have a high savings rate and are paying attention to the high level planning. This will be very important as you move forward. As mentioned up-thread, your expenses are a key part of the equation. Do you have a handle in your mandatory vs. discretionary b...
by WoodSpinner
Wed May 13, 2020 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Do you still use Money Market Savings?
Replies: 7
Views: 924

Re: Do you still use Money Market Savings?

OP, One way to think about it is as an Emergency Fund . I would recommend at least 1-2 years of expenses as an Emergency Fund and a Money Market is perfect for that. The exact sizes of the fund depends on many factors, key ones are how secure your jobs are and is there someone who can bail you out i...
by WoodSpinner
Wed May 13, 2020 11:19 am
Forum: Personal Investments
Topic: Portfolio (and sanity..) check
Replies: 4
Views: 409

Re: Portfolio (and sanity..) check

OP, I hear you on the struggles with Risk, especially since you are close to Retirement! I am 60 (retired at 58) and am still getting used to the de-cumulative phase, not having a job, and managing a much more complex financial picture. What worked for me was building a Liability Matching Portfolio ...
by WoodSpinner
Mon May 11, 2020 9:46 pm
Forum: Personal Consumer Issues
Topic: Apple Airpods
Replies: 30
Views: 1898

Re: Apple Airpods

I just became interested in wireless ear devices for my iPhone 10. But I haven't been tuned in at all to this product. I'm willing to spend whatever it costs for the best and current Apple product, I think. What is the current top Apple product called...Airpods1? AirpodsPro? Something else? And are...
by WoodSpinner
Sat May 09, 2020 7:37 pm
Forum: Investing - Theory, News & General
Topic: Long-term planning gone awry
Replies: 34
Views: 2939

Re: Long-term planning gone awry

OP,

One last piece of advice!

Make sure you enjoy life TODAY!

It’s not all about tomorrow....

WoodSpinner
by WoodSpinner
Sat May 09, 2020 8:41 am
Forum: Forum Issues and Administration
Topic: Thank you, moderators!
Replies: 46
Views: 2644

Re: Thank you, moderators!

Hi, my name is WoodSpinner and I am a BogleHead forum addict. I have not been clean and sober since discovery back in January 2017. Totally agree. I also surf over to the FB and Reddit personal finance forums and really appreciate the moderators influence in keeping discussions on-track and actiona...
by WoodSpinner
Fri May 08, 2020 11:12 am
Forum: Personal Investments
Topic: Bond Index vs Bond Managed Fund
Replies: 13
Views: 1210

Re: Bond Index vs Bond Managed Fund

OP,

I think EM, Junk Bonds and Muni’s are the areas where a managed fund starts to become worthwhile.

Investment grade Corporates, Treasuries, GNMA won’t benefit as much from the insights of active management.

Just my thinking...

WoodSpinner
by WoodSpinner
Fri May 08, 2020 11:09 am
Forum: Personal Investments
Topic: Retirement Plan Check Up @ 41
Replies: 3
Views: 671

Re: Retirement Plan Check Up @ 41

OP,

Can you talk a bit about your proposed Cashflow during Retirement?

How much income from pensions? Expenses? Portfolio Drawdown? SS?

You seem to be in a good spot AA wise and savings wise.

WoodSpinner
by WoodSpinner
Fri May 08, 2020 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Will? Digital info
Replies: 7
Views: 507

Re: Will? Digital info

OP,

I found that Willmaker had an excellent questionaire and process for documenting this types of information in it’s Information for Caregivers and Survivors.

It seemed very complete to me and serves a key transition document in my Estate plan.

WoodSpinner
by WoodSpinner
Thu May 07, 2020 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Best credit monitoring service
Replies: 9
Views: 560

Re: Best credit monitoring service

OP, I had EquiFax for credit monitoring for several years but cancelled the paid subscription after their data breach. I found the reporting to be OK, the website easy to use, but the alerting next to useless. It really wasn't worth the investment (I believe it was $16.95/month). Started the service...
by WoodSpinner
Thu May 07, 2020 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy and Auto/RV insurance
Replies: 7
Views: 320

Re: Umbrella Policy and Auto/RV insurance

OP,

Who do you have your RV policy with? Does it cover full replacement? Or a depreciated amount?

WoodSpinner
by WoodSpinner
Thu May 07, 2020 11:25 am
Forum: Personal Investments
Topic: Limit Roth Conversion by IRMAA or Tax Bracket?
Replies: 19
Views: 1199

Re: Limit Roth Conversion by IRMAA or Tax Bracket?

OP, It’s a tough call..... One thing going for be8ng more aggressive now is that rates are scheduled to increase in 2026. That said, have you looked at how your RMDs will affect your income in the future? Not sure how big your Tax Differed accounts are and that will also make a difference. WoodSpinner
by WoodSpinner
Wed May 06, 2020 4:21 pm
Forum: Personal Consumer Issues
Topic: 2020 travel plans
Replies: 95
Views: 4405

Re: 2020 travel plans

I am set to van camp, but the problem is that there are precious few places to go. State parks, national parks, even many forest service roads are closed. Van (or RV) camping is well-suited to covid-times as you can pretty much avoid other peoples' germs. Well, except for when you have to stop for ...
by WoodSpinner
Tue May 05, 2020 2:42 pm
Forum: Personal Investments
Topic: Late 40s Retirement Course Correction
Replies: 25
Views: 3119

Re: Late 40s Retirement Course Correction

OP,

Wondering about your Emergency Fund ....

How many months of expenses would $30,000 represent? How secure is your position?

WoodSpinner
by WoodSpinner
Tue May 05, 2020 11:36 am
Forum: Personal Consumer Issues
Topic: September Kenya Travel
Replies: 31
Views: 1801

Re: September Kenya Travel

Watty[/b] post_id=5231722 time=1588675815 user_id=3687] It sounds like you don't have travel insurance. One advantage of canceling is that if you rebook later on you can buy travel insurance for your next trip. It was not clear if your airfare is part of the package you are looking at. One other co...
by WoodSpinner
Tue May 05, 2020 8:59 am
Forum: Personal Consumer Issues
Topic: September Kenya Travel
Replies: 31
Views: 1801

Re: September Kenya Travel

Watty[/b] post_id=5231722 time=1588675815 user_id=3687] It sounds like you don't have travel insurance. One advantage of canceling is that if you rebook later on you can buy travel insurance for your next trip. It was not clear if your airfare is part of the package you are looking at. One other co...
by WoodSpinner
Mon May 04, 2020 10:05 pm
Forum: Personal Consumer Issues
Topic: September Kenya Travel
Replies: 31
Views: 1801

Re: September Kenya Travel

OP,

My vote is to reschedule ....

We had a similar situation with a full refund off the table. Agreed to reschedule and try again next year.

Sounds like a great trip, but even in the best of times the medical care in Kenya is challenging.

But boy does it sound like a great trip!

WoodSpinner
by WoodSpinner
Mon May 04, 2020 7:06 pm
Forum: Investing - Theory, News & General
Topic: Share your Re-Balancing Strategy
Replies: 25
Views: 1679

Re: Share your Re-Balancing Strategy

OP, Here is my approach.... 1. Always re-balance at the beginning of the year to the target Asset Allocation. 2. Leverage opportunities to rebalance throughout the year through Funding Expenses, RMDs, QCDs by targeting specific Assets that are over-weighted. 3. Re-balance more frequently if a 5% Act...
by WoodSpinner
Sat May 02, 2020 2:44 pm
Forum: Personal Investments
Topic: Question on how RMDs affect a spending plan in retirement.
Replies: 16
Views: 1191

Re: Question on how RMDs affect a spending plan in retirement.

OP, I think your plan is reasonable but perhaps a bit more complex than necessary. Questions: 1. What will be the difference between your Growth and Aggressive Growth assets? 2. Do you have an overall AA you are targeting as well? Or will it be strictly driven from your spending needs? 3. Do you pla...
by WoodSpinner
Fri May 01, 2020 11:12 pm
Forum: Investing - Theory, News & General
Topic: Whats wrong with my portfolio? 60% in IEF (iShares 7-10 Year Treasury Bond ETF) and 40% in QQQ(Nasdaq ETF)
Replies: 26
Views: 2029

Re: Whats wrong with my portfolio? 60% in IEF (iShares 7-10 Year Treasury Bond ETF) and 40% in QQQ(Nasdaq ETF)

40% IEF and 60% QQQ: 2002 - present Sharpe of 1,2 since 2003 and a max drawdown of 12.5% (during the financial crisis). https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2020&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=1...
by WoodSpinner
Fri May 01, 2020 8:22 pm
Forum: Personal Investments
Topic: Thoughts on portfolio?
Replies: 7
Views: 711

Re: Thoughts on portfolio?

OP, Is your SS included in your Inflow numbers? Have you already applied? Typically we suggest a delay till at least FRA unless you need the funds earlier. Wondering what your withdrawal rate would be from the portfolio if you deferred SS? Also, what are you doing for Medical coverage till Medicare ...
by WoodSpinner
Fri May 01, 2020 3:52 pm
Forum: Investing - Theory, News & General
Topic: Getting Motivated To Do Roth Conversions
Replies: 5
Views: 583

Re: Getting Motivated To Do Roth Conversions

i am doing partial Roth conversions. The question to do or not to do was easy for me. The hard part is how much and when. Yes that is the hard part! If you have saved for 40 plus years and have something in an IRA it seems like pretty quickly you are looking at 37% tax brackets, Medicare IRMAA surc...
by WoodSpinner
Fri May 01, 2020 2:57 pm
Forum: Personal Investments
Topic: Portfolio Questions
Replies: 5
Views: 446

Re: Portfolio Questions

OP, What is your plan for HealthCare costs? Are you trying to manage to the ACA cliff? Or do you have some other alternative? Shifting from a target date fund held in a tax advantaged account is pretty trivial. Are you comfortable with the AA and assets held by the fund? Or would you use this as an ...
by WoodSpinner
Fri May 01, 2020 9:46 am
Forum: Personal Consumer Issues
Topic: Coronavirus Flight Cancel Thread
Replies: 224
Views: 13304

Re: Coronavirus Flight Cancel Thread

Happy to report a full refund from United for a pair of International tickets when one of the June flights was cancelled. Their online refund request website, https://www.united.com/en/us/refunds, left a bit to be desired in terms of usability. OTOH, it worked! My big problem at this point is the Cr...
by WoodSpinner
Fri May 01, 2020 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Mistake on daughter’s 2018 tax return/stimulus money
Replies: 10
Views: 831

Re: Mistake on daughter’s 2018 tax return/stimulus money

galawdawg wrote:
Fri May 01, 2020 8:50 am
WoodSpinner wrote:
Fri May 01, 2020 8:43 am
Looks like you won the lottery. Use the money, donate to charity, spend it, do something to stimulate the recovery.
His daughter is an adult and the stimulus money was deposited in HER account. It isn't his to spend.
Correct, I updated my original comment
by WoodSpinner
Fri May 01, 2020 9:04 am
Forum: Personal Consumer Issues
Topic: How do i check if a room has a draft or leak?
Replies: 17
Views: 1077

Re: How do i check if a room has a draft or leak?

An IR camera on a cold day will help show where heat loss is occurring.

WoodSpinner
by WoodSpinner
Fri May 01, 2020 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Mistake on daughter’s 2018 tax return/stimulus money
Replies: 10
Views: 831

Re: Mistake on daughter’s 2018 tax return/stimulus money

Huh, I thought The CARES act specifically has language that assures their will not be a clawback of stimulus money if you don’t qualify. After all it is an advance on a 2020 Tax Credit. Looks like you she won the lottery. Use the money, donate to charity, spend it, do something to stimulate the reco...
by WoodSpinner
Fri May 01, 2020 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe
Replies: 162
Views: 10088

Re: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe

I like to always assume good intent - he has done a lot of analysis and concluded that the products that he recommends are appropriate. He is a very sharp, knowledgeable guy who can figure out which types of life insurance and annuity products are good and which are bad. I think his error is in ass...
by WoodSpinner
Wed Apr 29, 2020 4:51 pm
Forum: Personal Consumer Issues
Topic: COVID-19 has revealed the stark deficiencies in long-term care facilities regardless of ratings.
Replies: 80
Views: 5319

Re: COVID-19 has revealed the stark deficiencies in long-term care facilities regardless of ratings.

My own health situation---totally, permanently disabled by fumes, gases, smokes from chemicals including personal care and household---puts long term care facilities off limits for me. Even a hospital stay with pinesol etc is impossible. Any one or all body systems can be/are affected by chemicals-...
by WoodSpinner
Wed Apr 29, 2020 8:28 am
Forum: Personal Investments
Topic: Advice on moving funds between managed accounts (fees, capital gains…)
Replies: 2
Views: 241

Re: Advice on moving funds between managed accounts (fees, capital gains…)

OP,

Suggest you simply move all funds, DFA and Vanguard in-kind to Vanguard. (Looks like this is possible, see viewtopic.php?t=51870).

WoodSpinner
by WoodSpinner
Wed Apr 29, 2020 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Quicken For Mac
Replies: 20
Views: 1271

Re: Quicken For Mac

I run Parallels on my Mac and a Virtual Windows 10 OS.

This lets me use the Windows version of Office, Quicken and other software programs. It has worked surprisingly well and is pretty seamless in operation.

WoodSpinner
by WoodSpinner
Tue Apr 28, 2020 9:05 am
Forum: Investing - Theory, News & General
Topic: Anyone wish they would have invested more during recent downturn?
Replies: 110
Views: 9262

Re: Anyone wish they would have invested more during recent downturn?

I rebalanced according to my IPs which resulted in me buying about $70k worth of stocks. I bought more stocks according to my IPS, until I was overweighted in stocks and bought more fixed income. Do you have an IPS? I'm kind of new here - what is an IPS? An Investment Policy Statement (IPS) is a pl...
by WoodSpinner
Mon Apr 27, 2020 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Tax deduction for HELOC/home equity loan used to pay off a personal loan I used for home improvement
Replies: 10
Views: 381

Re: Tax deduction for HELOC/home equity loan used to pay off a personal loan I used for home improvement

OP,

Do you Itemize Deductions ?

If not it’s a bit of a moot point. Still makes sense to pay down a 7% loan though!

WoodSpinner
by WoodSpinner
Sun Apr 26, 2020 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Convert to Roth at Top Tax Bracket?
Replies: 35
Views: 2489

Re: Convert to Roth at Top Tax Bracket?

In addition, since he's in Pennsylvania which has a 4.5% inheritance tax, a Roth conversion would avoid the double tax resulting from the income tax deduction for estate taxes not being available for the state inheritance tax. I am not sure I fully understand these points, can someone check my logi...
by WoodSpinner
Sat Apr 25, 2020 10:37 am
Forum: Personal Investments
Topic: Why not be more aggressive about stocks?
Replies: 27
Views: 1817

Re: Why not be more aggressive about stocks?

Newieinvestor wrote:
Sat Apr 25, 2020 10:15 am
Hi all! I'm a relatively new investor and curious if people around here roughly believe in the 100 minus your age stock allocation recommendation (i.e. a 40 year old should have 70% stocks, 30% bonds).
Umm, perhaps check your math before committing?

:D

WoodSpinner
by WoodSpinner
Sat Apr 25, 2020 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Convert to Roth at Top Tax Bracket?
Replies: 35
Views: 2489

Re: Convert to Roth at Top Tax Bracket?

Yes I have a good estate plan done in conjunction with a good estate attorney after a lot of discussion. I certainly can go back to her about this if necessary (at $450/hr.). If I do need her, I'd rather have my thinking prepared ahead of time. Grandchild is a year old. But since both of my adult k...