Search found 60 matches

by tyjy
Mon Nov 04, 2019 10:55 pm
Forum: Personal Investments
Topic: Assistance with next step
Replies: 6
Views: 631

Re: Assistance with next step

When we transferred our entire portfolio over from a brokerage to VG I had a lot of help from the VG consierge or client services rep. We called the number on the website just to get help setting it up (told us the funds we needed to sell and bought what we wanted to buy.) After everything was initi...
by tyjy
Mon Nov 04, 2019 10:11 pm
Forum: Personal Investments
Topic: Why can't I break up with Wellington? (Roth Conversion question)
Replies: 17
Views: 2295

Re: Why can't I break up with Wellington? (Roth Conversion question)

I’m in the same boat, sort of. I started my investment journey with the vanguard star fund. I cannot for the life of me completely get rid of it. I traded out of most of it and I’m below the buy in minimum, but I cannot get rid of the final $400 or so left in it. It’s sentimental, I guess. No biggi...
by tyjy
Mon Nov 04, 2019 7:19 pm
Forum: Personal Investments
Topic: Why can't I break up with Wellington? (Roth Conversion question)
Replies: 17
Views: 2295

Re: Why can't I break up with Wellington? (Roth Conversion question)

BL: "Thinking things out carefully" has been a plus for me AND a pain for me! I THINK I'm doing okay then panic. But you're right, I can rearrange funds in there and I like that "live a little" motto! I needed that! Thanks! Factual: Thanks for that. Bonds in the fund is what got me worried but I rea...
by tyjy
Sat Nov 02, 2019 8:33 pm
Forum: Personal Investments
Topic: Why can't I break up with Wellington? (Roth Conversion question)
Replies: 17
Views: 2295

Re: Why can't I break up with Wellington? (Roth Conversion question)

That would subject more of your money to a higher ER. Doesn't make a lot of sense to me just to get a lower ER on one fund. Yeah, that's true, didn't think if it that way. And yes, it's only .1% less ER. I think I'll just keep that little bit of Wellington and continue forward as originally planned...
by tyjy
Sat Nov 02, 2019 2:53 pm
Forum: Personal Investments
Topic: Why can't I break up with Wellington? (Roth Conversion question)
Replies: 17
Views: 2295

Re: Why can't I break up with Wellington? (Roth Conversion question)

I'm feeling better, thank you!

So, since I do have enough in that Roth to "ante up to $50k" to make that Wellington fund into Admiral shares, maybe I should do some rearranging, just to at least save some ER?
by tyjy
Sat Nov 02, 2019 1:46 pm
Forum: Personal Investments
Topic: Why can't I break up with Wellington? (Roth Conversion question)
Replies: 17
Views: 2295

Why can't I break up with Wellington? (Roth Conversion question)

We are retiring in 2020 and want to maintain a 60/40 asset allocation. Our portfolio is all at Vanguard, divided between taxable, SEP IRA, His Roth, Her Roth, Her TIRA, most in basic VG 3/4 Lazy Portfolio funds, except for a tiny bit in VWELX, keep reading... I just did my very first Roth Conversion...
by tyjy
Tue Sep 24, 2019 4:51 pm
Forum: Personal Investments
Topic: Verge of Retiring, Portfolio Analysis Help
Replies: 46
Views: 4625

Re: Verge of Retiring, Portfolio Analysis Help

G12 & SOCCERRULES: Woah, for the last two answers those were definitely goodies!! That's what I call listening to someone who's been there, done that! I was i need of that kind of explanation, big time. THANK YOU for helping! Appreciate this forum SO much!! :beer
by tyjy
Tue Sep 24, 2019 3:37 pm
Forum: Personal Investments
Topic: Verge of Retiring, Portfolio Analysis Help
Replies: 46
Views: 4625

Re: Verge of Retiring, Portfolio Analysis Help

$80k - $100k spend should be fine. Remember that spend rate is from just 1/2 your net worth and SS. The other 1/2 is in real estate and there are ways to access that equity should you ever need it. Homestretch, thanks so much for your answers! I really appreciate your time & effort, along with all ...
by tyjy
Tue Sep 24, 2019 3:33 pm
Forum: Personal Investments
Topic: Verge of Retiring, Portfolio Analysis Help
Replies: 46
Views: 4625

Re: Verge of Retiring, Portfolio Analysis Help

Coming in late here, I agree with homestretch's numbers and your interpretation. It appears that 98,000 in total spending would be Social Security plus 4% of the remaining 1,100,000 investments. That is much closer to 100,000 than 80,000 :D And you still have other real estate to divest of when you...
by tyjy
Mon Sep 23, 2019 6:05 pm
Forum: Personal Investments
Topic: Verge of Retiring, Portfolio Analysis Help
Replies: 46
Views: 4625

Re: Verge of Retiring, Portfolio Analysis Help

[/quote] You are welcome. :happy The withdrawal rate at ages 70/67 is 4.2% - see *rough* calculation in a format that you might find easier to update if needed. It doesn’t take into account portfolio earnings. You can use FireCalc (it’s user friendly) to test the maximum you can spend annually witho...
by tyjy
Mon Sep 23, 2019 1:40 pm
Forum: Personal Investments
Topic: Verge of Retiring, Portfolio Analysis Help
Replies: 46
Views: 4625

Re: Verge of Retiring, Portfolio Analysis Help

After I posted, you added your annual living expenses of $80k. Your investments alone seem sufficient to support $80k per year in living expenses with estimated SS of $55k. That assumes your $80k per year includes lumpy expenses like new car, roof, etc. My rough calculation (see below) says that’s ...
by tyjy
Sun Sep 22, 2019 10:18 am
Forum: Personal Investments
Topic: Verge of Retiring, Portfolio Analysis Help
Replies: 46
Views: 4625

Re: Verge of Retiring, Portfolio Analysis Help

a. All your individual stocks look sound. I wouldn't be in a rush to unload them. Maybe lighten up on the oil stocks a bit. JPM at 10% is okay; it's a great bank and has room to grow. I know that any time I look at each indiv. stock it's never sell but usually hold, buy or strong buy so I have conf...
by tyjy
Sun Sep 22, 2019 10:15 am
Forum: Personal Investments
Topic: Verge of Retiring, Portfolio Analysis Help
Replies: 46
Views: 4625

Re: Verge of Retiring, Portfolio Analysis Help

Wow! Or if we live a short time! If a short time it says claim now! But quite a big difference overall income between now and waiting till 69/70, like double! Guess we should try to guesstimate how long we'll live based on family history, current health, You should have no problem taking $80k from ...
by tyjy
Sun Sep 22, 2019 10:13 am
Forum: Personal Investments
Topic: Verge of Retiring, Portfolio Analysis Help
Replies: 46
Views: 4625

Re: Verge of Retiring, Portfolio Analysis Help

Thanks for telling me this. I'm still learning, basically as I go! Question: Can this rolling over/conversion also be done from "his" SEP IRA account to "his" Roth IRA account? Is there any maximum dollar amounts per year, or just what a person can afford paying the taxes for? Yes it can be done fr...
by tyjy
Sat Sep 21, 2019 11:25 pm
Forum: Personal Investments
Topic: Verge of Retiring, Portfolio Analysis Help
Replies: 46
Views: 4625

Re: Verge of Retiring, Portfolio Analysis Help

a. All your individual stocks look sound. I wouldn't be in a rush to unload them. Maybe lighten up on the oil stocks a bit. JPM at 10% is okay; it's a great bank and has room to grow. I know that any time I look at each indiv. stock it's never sell but usually hold, buy or strong buy so I have conf...
by tyjy
Sat Sep 21, 2019 11:05 pm
Forum: Personal Investments
Topic: Verge of Retiring, Portfolio Analysis Help
Replies: 46
Views: 4625

Re: Verge of Retiring, Portfolio Analysis Help

what do you mean? Like, close this traditional account and roll it over to my already established Roth? Can that be in addition to the annual maximum contribution of $7,000/yr? I am not abuss, but yes this — what you wrote about rolling from Traditional IRA to Roth IRA — is exactly what abuss is re...
by tyjy
Thu Sep 19, 2019 12:38 pm
Forum: Personal Investments
Topic: Verge of Retiring, Portfolio Analysis Help
Replies: 46
Views: 4625

Re: Verge of Retiring, Portfolio Analysis Help

Your one the right path but can always do better and improve things. Thanks for your help! * Not sure of the unrealized taxable gain impact (if any) but I would consider selling all individual stocks. We didn't sell while working due to pushing us into next tax bracket, plus some ignorance. This wi...
by tyjy
Thu Sep 19, 2019 12:22 pm
Forum: Personal Investments
Topic: Verge of Retiring, Portfolio Analysis Help
Replies: 46
Views: 4625

Re: Verge of Retiring, Portfolio Analysis Help

Added: annual expenses in retirement should be around $80k, including health insurance and income taxes Thanks a million!! How confident are you with this number? What method did you use? And what about lumpy expenses? New cars. Big trips. House maintenance. Personally - I have found it surprisingl...
by tyjy
Thu Sep 19, 2019 10:56 am
Forum: Personal Investments
Topic: Verge of Retiring, Portfolio Analysis Help
Replies: 46
Views: 4625

Re: Verge of Retiring, Portfolio Analysis Help

Feeling pretty stupid, but, just one question about the income of $300k from selling the rental property: are those proceeds added to income taxes or separate under capital gains taxes, or isn't there a difference? (Trying to decide if we should push for a sale this year, 2019, or next year, 2020 th...
by tyjy
Thu Sep 19, 2019 10:33 am
Forum: Personal Investments
Topic: Verge of Retiring, Portfolio Analysis Help
Replies: 46
Views: 4625

Re: Verge of Retiring, Portfolio Analysis Help

HomeStretch wrote:
Thu Sep 19, 2019 10:31 am
Great to see the SS estimate come in at $54k. Seems like you are good to go! Congratulations on your upcoming retirement.
Yes, you were right on with your calculations! Wish I understood math like you!! Thanks so much!
by tyjy
Thu Sep 19, 2019 10:19 am
Forum: Personal Investments
Topic: Verge of Retiring, Portfolio Analysis Help
Replies: 46
Views: 4625

Re: Verge of Retiring, Portfolio Analysis Help

After I posted, you added your annual living expenses of $80k. Your investments alone seem sufficient to support $80k per year in living expenses with estimated SS of $55k. That assumes your $80k per year includes lumpy expenses like new car, roof, etc. My rough calculation (see below) says that’s ...
by tyjy
Thu Sep 19, 2019 9:15 am
Forum: Personal Investments
Topic: Verge of Retiring, Portfolio Analysis Help
Replies: 46
Views: 4625

Re: Verge of Retiring, Portfolio Analysis Help

The main issue I see with your assets is that over 1/2 is held in real estate and over 1/3 of the investments portion is held in 11 stocks, most of which are in the same sector. Agree with selling the co-owned rental property to reduce RE %. I always thought owning real estate was a good thing (unl...
by tyjy
Thu Sep 19, 2019 8:16 am
Forum: Personal Investments
Topic: Verge of Retiring, Portfolio Analysis Help
Replies: 46
Views: 4625

Re: Verge of Retiring, Portfolio Analysis Help

Husband's full retirement age of 66 is May 2020 so Social Security income could be $2,500/mo but we can also wait till age 70 if that's the recommendation. I will claim SS from my husbands when I am 66-67. He should delay until 70. Check out https://opensocialsecurity.com/ to see when you should cl...
by tyjy
Wed Sep 18, 2019 5:27 pm
Forum: Personal Investments
Topic: Verge of Retiring, Portfolio Analysis Help
Replies: 46
Views: 4625

Re: Verge of Retiring, Portfolio Analysis Help

Husband's full retirement age of 66 is May 2020 so Social Security income could be $2,500/mo but we can also wait till age 70 if that's the recommendation. I will claim SS from my husbands when I am 66-67. He should delay until 70. Check out https://opensocialsecurity.com/ to see when you should cl...
by tyjy
Wed Sep 18, 2019 3:40 pm
Forum: Personal Investments
Topic: Verge of Retiring, Portfolio Analysis Help
Replies: 46
Views: 4625

Re: Verge of Retiring, Portfolio Analysis Help

Wiggums wrote:
Wed Sep 18, 2019 3:36 pm
HomerJ wrote:
Wed Sep 18, 2019 2:54 pm
Well, number one question...

What are your projected expenses in retirement?

Without that information very little advice can be given.
I agree.
Yeah sorry about that : ( I just added to my original post. I figure expenses will be about $80k per year in expenses. Thanks
by tyjy
Wed Sep 18, 2019 3:38 pm
Forum: Personal Investments
Topic: Verge of Retiring, Portfolio Analysis Help
Replies: 46
Views: 4625

Re: Verge of Retiring, Portfolio Analysis Help

Answers in red Thanks for help HomeStretch! What is your plan for healthcare between retirement and Medicare eligibility? Husband started Medicare with Medicare Supplement plan this past May. I am paying for annual short term medical insurance, by each January have to choose a different company) Wh...
by tyjy
Wed Sep 18, 2019 11:21 am
Forum: Personal Investments
Topic: Verge of Retiring, Portfolio Analysis Help
Replies: 46
Views: 4625

Verge of Retiring, Portfolio Analysis Help

I really respect the opinions on this forum and appreciate any advice. We are on the verge of saying "We're Retired!" It's hard to pick a day so asking for advice if our portfolio looks to be in good shape. The real estate* we own is our main residence $350k, a cabin $200k, hunting land $100k and re...
by tyjy
Wed May 08, 2019 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Medigap Plans: Premiums or Rating Method?
Replies: 23
Views: 1637

Re: Medigap Plans: Premiums or Rating Method?

:thumbsup
Yea, SeniorCare is described as just a placeholder, but satisfies the Part D requirement. Wellcare will be next step for us too. Thanks for the help! :
slb7 wrote:
Wed May 08, 2019 9:13 am
Error: Make that Senior Care..not Badger Care.
by tyjy
Tue May 07, 2019 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Medigap Plans: Premiums or Rating Method?
Replies: 23
Views: 1637

Re: Medigap Plans: Premiums or Rating Method?

"Do you worry the $20/$50 co-pays will be increased too much? Also, does what you pay with the co-pay dollars contribute towards the Part B Deductible ($185) so it's UP to $185 out of pocket in co-pays?" As I said, in 3 years I've only been charged the co-pay once and it was only $9(I didn't even p...
by tyjy
Tue May 07, 2019 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Medigap Plans: Premiums or Rating Method?
Replies: 23
Views: 1637

Re: Medigap Plans: Premiums or Rating Method?

slb7: Hey, thanks for that. I was wondering if a plan like that could be a good option! It felt complicated so I overlooked it but now I may check it out a little more. (It's kind of like a Plan N, right?) Do you worry the $20/$50 co-pays will be increased too much? Also, does what you pay with the ...
by tyjy
Mon May 06, 2019 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Medigap Plans: Premiums or Rating Method?
Replies: 23
Views: 1637

Thanks!

THANKS! I appreciate that link, boy oh boy! A lot of info, can't believe I didn't run across that somehow before this. I'll continue on now but want to thank you ALL for the advice! I may be back but got a great push in the right direction! Much appreciated! :beer
by tyjy
Mon May 06, 2019 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Medigap Plans: Premiums or Rating Method?
Replies: 23
Views: 1637

Re: Medigap Plans: Premiums or Rating Method?

Thank you ALL for the fantastic answers! Thanks to drawpoker for the WI link of insurance companies! That's super helpful and saved me time figuring out where that was! I can't believe how many more choices there are! I think I used the Medicare.gov website search for Medigap plans via my zip and ma...
by tyjy
Sun May 05, 2019 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Medigap Plans: Premiums or Rating Method?
Replies: 23
Views: 1637

Medigap Plans: Premiums or Rating Method?

Husband turns 65 this month (May). Yes, signed up for Medicare in February. Decided on a Medicare Medigap/Supplemental plan (not Advantage). Live in Wisconsin, Waukesha County. AARP/United HealthCare, "Community/Group" rated , like a Plan F (including Part A&B deductibles & Part B Excess), is one of...
by tyjy
Sat Mar 03, 2018 11:09 am
Forum: Personal Investments
Topic: Sell individual stocks to buy index funds?
Replies: 55
Views: 6367

Re: Sell individual stocks to buy index funds?

"Reinvesting the dividends just compounds the problem. You now have to keep up with the reinvested dividends for cost basis tracking" Wait, what? Are you saying that IF one reinvests dividends in individual stocks in their taxable accounts that EACH TIME there's a dividend investment THAT AMOUNT an...
by tyjy
Sat Mar 03, 2018 10:09 am
Forum: Personal Investments
Topic: Sell individual stocks to buy index funds?
Replies: 55
Views: 6367

Re: Sell individual stocks to buy index funds?

"Reinvesting the dividends just compounds the problem. You now have to keep up with the reinvested dividends for cost basis tracking" Wait, what? Are you saying that IF one reinvests dividends in individual stocks in their taxable accounts that EACH TIME there's a dividend investment THAT AMOUNT an...
by tyjy
Thu Aug 24, 2017 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Independent Contractor & Filing Taxes
Replies: 4
Views: 617

Re: Independent Contractor & Filing Taxes

I just started a new job a couple months ago working as an independent contractor, where taxes are not deducted from my pay. I've been saving a percentage of my paycheck and adding it to a separate savings for my taxes, but I want to make sure that I am saving the correct amount. Does anyone have a...
by tyjy
Thu Aug 24, 2017 9:37 am
Forum: Personal Investments
Topic: Questions?? Need progress with AA
Replies: 18
Views: 2408

Re: Questions?? Need progress with AA

Fishing50 wrote:
Thu Aug 24, 2017 2:18 am
Getting rid of debt is always good. :sharebeer
:thumbsup :beer
by tyjy
Wed Aug 23, 2017 11:54 am
Forum: Personal Investments
Topic: Questions?? Need progress with AA
Replies: 18
Views: 2408

Re: Questions?? Need progress with AA

:thumbsup Thank you so much for all the help Fishing50!! I think I got it... Now... what would you say if I told you we have a $60k balance still owed on our vacation home? Terms are @3.5% interest (orig a 30 yr loan) $493/mo. Pay it off using our cash? or continue payments paying additional $1-2k/m...
by tyjy
Tue Aug 22, 2017 1:24 pm
Forum: Personal Investments
Topic: Questions?? Need progress with AA
Replies: 18
Views: 2408

Re: Questions?? Need progress with AA

Fishing50: Thank you! I don't know how you guys keep us all straight but I REALLY APPRECIATE IT you coming back to answer with so much clarity!! Thank you! This is really helping a lot! Just a last couple questions if you don't mind, Our tax bracket per line 43 on our IRS1040 is just barely squeaki...
by tyjy
Tue Aug 22, 2017 1:22 pm
Forum: Personal Investments
Topic: Questions?? Need progress with AA
Replies: 18
Views: 2408

Re: Questions?? Need progress with AA

.....(sorry, duplicate)
by tyjy
Mon Aug 21, 2017 12:44 pm
Forum: Personal Investments
Topic: Questions?? Need progress with AA
Replies: 18
Views: 2408

Re: Questions?? Need progress with AA

Paul, Fishing 50: Thanks so much, I appreciate your input! The links were extremely enlightening and I learned a lot! More to learn I can see! I've determined my AA should be 50/50 (our "need may be more than our ability"!) & Need to learn about harvesting capital gains! We're heavy in one sector an...
by tyjy
Thu Aug 17, 2017 1:34 pm
Forum: Personal Investments
Topic: Active or Indexed for Optimal Risk Management
Replies: 16
Views: 1394

Re: Active or Indexed for Optimal Risk Management

Similar. Learn from our Mistake! When we came into a windfall, not knowing a thing about investing (terminology, nothing!) we naively brought everything to Smith Barney/Morgan Stanley thinking they can "manage" it since "they know what they're doing, right?". BIG MISTAKE. Never really knew we were b...
by tyjy
Thu Aug 17, 2017 12:06 pm
Forum: Personal Investments
Topic: Questions?? Need progress with AA
Replies: 18
Views: 2408

Re: Questions?? Need progress with AA

Another piece of this pie is what is your initial withdrawal rate going to be? That may have an influence on your asset allocation. Paul Paul: Thank you for taking time out to help. I'm ashamed to admit I don't really know what our initial wd rate is going to be, specifically : / We've accumulated ...
by tyjy
Thu Aug 17, 2017 11:08 am
Forum: Personal Investments
Topic: Questions?? Need progress with AA
Replies: 18
Views: 2408

Re: Questions?? Need progress with AA

FISHING 50: Thank you so much for your recommendations. I’ve spent the time since reading what I could to understand more about this. Wonder if you have time to clarify a couple suggestions (in red) Stop automatic dividend reinvestment on individual stocks to create spendable income. We're in our f...
by tyjy
Thu Aug 17, 2017 10:53 am
Forum: Personal Investments
Topic: Questions?? Need progress with AA
Replies: 18
Views: 2408

Re: Questions?? Need progress with AA

JBTX: Thank you so much for your thoughtful insight, tips and suggestions. I edited my original post to add our ages. I may wind up using a 50/50 AA but right now I feel a 60/40 risk tolerance is okay with us. I’ll probably get smacked in the face with reality once we really are fully retired. Trans...
by tyjy
Wed Aug 16, 2017 10:14 pm
Forum: Personal Investments
Topic: Questions?? Need progress with AA
Replies: 18
Views: 2408

Re: Questions?? Need progress with AA

Watty: Thanks so much for choosing my question to answer, I really appreciate your help!
by tyjy
Wed Aug 16, 2017 2:15 pm
Forum: Personal Investments
Topic: Questions?? Need progress with AA
Replies: 18
Views: 2408

Questions?? Need progress with AA

Most pressing question is where to invest cash? But I also have a bunch of questions. Hope someone can help! We’re transitioning into retirement (full time by end of 2018). Goal 60% stock /40% bond asset allocation while investing the wisest way. CURRENT ACCOUNTS/ALLOCATIONS: @Local Bank Personal Ch...
by tyjy
Mon Aug 07, 2017 10:21 pm
Forum: Personal Investments
Topic: Request for Fresh eyes and Knowledgeable minds
Replies: 5
Views: 1057

Re: Request for Fresh eyes and Knowledgeable minds

I've done some tweaking thanks to the feedback I've received thus far (I edited my original post to reflect changes). Very helpful and eases my mind. After doing a portfolio analysis adding the cash in savings and HSA into the mix I realized I actually DO have the 60/40 AA that I wanted. Thanks for ...
by tyjy
Tue Aug 01, 2017 9:02 pm
Forum: Personal Investments
Topic: Request for Fresh eyes and Knowledgeable minds
Replies: 5
Views: 1057

Re: Request for Fresh eyes and Knowledgeable minds

stephen408: Thanks for your reply! I read the links (thanks for making that handy for me!), wow! the link about tax efficiency is so complicated! I literally had to turn down any noise in the house and read to myself out loud!! haha But I can sure see why it's an important consideration! I knew I ca...
by tyjy
Tue Aug 01, 2017 3:16 pm
Forum: Personal Investments
Topic: Request for Fresh eyes and Knowledgeable minds
Replies: 5
Views: 1057

Re: Request for Fresh eyes and Knowledgeable minds

Lou354: Thank you SO much for looking this over and your advice & explanations. I really appreciate it! I've felt funny about that Long Term Bond in our ROTH's ever since I did it : /