Search found 93 matches

by Johnsson
Sat Jun 02, 2018 11:27 am
Forum: Investing - Theory, News & General
Topic: A correction IS/WAS expanding...?
Replies: 8
Views: 1498

Re: A correction IS/WAS expanding...?

Sorry. The question mark in the subject didn't take when I attempted to type it. :oops: I'm looking to understand. No ulterior motive. My outlook and allocations remain unchanged. With more precise wording... the S&P p/e shows a downward slope for 2018 through April 1. (Could not find a graph that w...
by Johnsson
Sat Jun 02, 2018 9:11 am
Forum: Investing - Theory, News & General
Topic: A correction IS/WAS expanding...?
Replies: 8
Views: 1498

A correction IS/WAS expanding...?

A correction is stock price adjustments for overvaluation. Valuation is often based on earnings. Earnings are increasing while prices remain relatively stagnant. I have read the market has already accounted for continued earnings increases. Therefore the correction increases as earnings increase and...
by Johnsson
Wed May 30, 2018 7:17 am
Forum: Investing - Theory, News & General
Topic: To be or not to be complex, that is the question
Replies: 146
Views: 11484

Re: To be or not to be complex, that is the question

Yes, it's a lifestyle. With the ever growing speed and complexity of electronics/communication I believe we often lose sight of what's truly important. Simplicity is often pushed aside by acquiring more `stuff'. Whether nic nacs or investments, stuff has to be managed once it's purchased. We all nee...
by Johnsson
Sat May 19, 2018 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring soon - some questions
Replies: 27
Views: 3298

Re: Retiring soon - some questions

A minorish point — if you want to keep earnings low enough to get the ACA subsidy (post COBRA, pre Medicare) aren’t you going to need to spend some of your cash to cover expenses during that period? So you’ll need to tap those accounts. A more general point — I know the ACA subsidies can be signifi...
by Johnsson
Fri May 18, 2018 7:11 am
Forum: Investing - Help with Personal Investments
Topic: Retiring soon - some questions
Replies: 27
Views: 3298

Re: Retiring soon - some questions

I have a similar plan for our (hopeful) retirement in 3.5 years. As I read your post I immediately thought about Roth conversions, then saw you included them. I think you really need to balance the value of larger Roth conversions now (at least until social security is started), and the long-term sa...
by Johnsson
Thu Apr 26, 2018 5:23 am
Forum: Investing - Help with Personal Investments
Topic: Recreating VFINX cost basis?
Replies: 8
Views: 681

Re: Recreating VFINX cost basis?

Because the account was at Vanguard, I am a little surprised that Vanguard did not report the average basis of the non-covered shares. The ownership changes may have prevented Vanguard from reporting the average basis of the non-covered shares. You should be able to trust the numbers on the Form 10...
by Johnsson
Sat Apr 21, 2018 4:15 pm
Forum: Investing - Help with Personal Investments
Topic: Recreating VFINX cost basis?
Replies: 8
Views: 681

Re: Recreating VFINX cost basis?

They have always been held at vanguard with all distributions reinvested, but the account changed ownership twice. Nothing was added or removed until it was finally sold. There was a basis reported at the sale, with the basis prior to 2012 unreported, as mentioned by FactualFran. I have planning to ...
by Johnsson
Sat Apr 21, 2018 9:20 am
Forum: Investing - Help with Personal Investments
Topic: Recreating VFINX cost basis?
Replies: 8
Views: 681

Recreating VFINX cost basis?

My parents bought my daughter $5000 of VFINX (vanguard 500 index fund) at the end of december 1994 for 43.89/ share. I'm trying to come up with a cost basis for the fund which was finally sold in july of 2016. Is there a list somewhere of annualized realized gains per share for this fund? Not having...
by Johnsson
Mon Apr 16, 2018 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Amend 2016 Taxes or wait for NY State/City...
Replies: 0
Views: 361

Amend 2016 Taxes or wait for NY State/City...

1st time problem for both me and my daughter... My daughter did her taxes for the 1st year last year (2016 tax year). She had ~22K of AGI and ~15K net proceeds from a capital gains sale. The capital gains sale was not included in her tax filing. (I had told her she shouldn't owe much/anything, so sh...
by Johnsson
Sun Apr 08, 2018 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: Is refinancing to 30 year worth it?
Replies: 20
Views: 2115

Re: Is refinancing to 30 year worth it?

Has your wife transferred her nursing license to the US (and the state you live in)? She could work on that transfer while your child is small. I don't know how difficult that will be but could slow things down if it's not taken care of. Also, if her license is already valid in the US, she could/sho...
by Johnsson
Fri Apr 06, 2018 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Any advice for 1st time landlord
Replies: 42
Views: 3508

Re: Any advice for 1st time landlord

To avoid 95% of the headaches of being a landlord we made sure the numbers worked with hiring a property manager and I carefully interviewed several that operated in the neighborhoods where we have real estate. The most important part of this process, in my opinion, was checking references (the one...
by Johnsson
Sat Mar 10, 2018 8:04 pm
Forum: Investing - Help with Personal Investments
Topic: Amount saved by age
Replies: 58
Views: 8485

Re: Amount saved by age

Anybody else on here in a position where they are ahead of schedule based on many "rules of thumb" however you still think you don't have enough? Me. :? At 56 we could probably do it now. Have enough bonds and taxable to get most of the way to SS at 70. However, 4 more years of savings will put us ...
by Johnsson
Thu Mar 01, 2018 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: A Cathartic experience... what have you done to become mentally prepared?
Replies: 14
Views: 2468

Re: A Cathartic experience... what have you done to become mentally prepared?

well actually, some want that $10k check to bounce 8-) ....but you aren’t “wasting” money, anymore than that you spend on homeowners insurance, as the SPIA is insuring a floor of income for future use while still alive. In as much as one doesn’t convert their entire portfolio into a SPIA, there’s s...
by Johnsson
Thu Mar 01, 2018 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: Partial Roth conversion at 62 - use funds within 5 years?
Replies: 4
Views: 269

Re: Partial Roth conversion at 62 - use funds within 5 years?

By completing Roth conversions to the 24% bracket you would have that amount of regular income... my understanding is this would disqualify you from ACA subsidies.
by Johnsson
Thu Mar 01, 2018 10:11 am
Forum: Investing - Help with Personal Investments
Topic: A Cathartic experience... what have you done to become mentally prepared?
Replies: 14
Views: 2468

Re: A Cathartic experience... what have you done to become mentally prepared?

well actually, some want that $10k check to bounce 8-) we planned for the 3.5% WR be the upper bound of any taken from the portfolio- - as of yet to even be 2%, even with new HVAC, new truck, surgeries.... what also helps, but some argue results in diminished long-term wealth, is a CD ladder to acc...
by Johnsson
Wed Feb 28, 2018 10:58 am
Forum: Investing - Help with Personal Investments
Topic: A Cathartic experience... what have you done to become mentally prepared?
Replies: 14
Views: 2468

A Cathartic experience... what have you done to become mentally prepared?

As with many other BHs I stress about the details r/t retirement. I'm hopefully within a few years of taking the plunge and I've been overthinking everything. DW is even warming up to the thought, though still highly skeptical. Over the last few days I put together a spreadsheet that details our rem...
by Johnsson
Sun Feb 25, 2018 5:56 pm
Forum: Personal Consumer Issues
Topic: Advice needed for ARMY medical issue...
Replies: 13
Views: 1292

Re: Advice needed for ARMY medical issue...

Many (most?) "Army" doctors/PAs/nurses/etc. are actually civilians who just happen to work on-post at the Army clinic or hospital, so the range of experience and expertise might be more broad than you think. And to be honest, orthopedic issues are probably bread-and-butter for Army medicine. Your s...
by Johnsson
Sun Feb 25, 2018 4:03 pm
Forum: Personal Consumer Issues
Topic: Advice needed for ARMY medical issue...
Replies: 13
Views: 1292

Re: Advice needed for ARMY medical issue...

A better way of wording my concern would be... I know a fair number of doctors (not in the Army) whose opinions of their own skills are far above reality. I'd like to avoid surgeons like this. The Army is not known for providing their employees many choices. Maybe hospitals/physicians are different?...
by Johnsson
Sat Feb 24, 2018 1:28 pm
Forum: Personal Consumer Issues
Topic: Advice needed for ARMY medical issue...
Replies: 13
Views: 1292

Advice needed for ARMY medical issue...

I know we have both military and physicians here, so I'm hoping for some informed direction... Keeping details to a minimum... My child is in the US Army and has a function limiting orthopedic problem which needs surgery very soon. While this began overseas the concern is now here in the states. The...
by Johnsson
Sat Feb 17, 2018 7:17 am
Forum: Personal Consumer Issues
Topic: Repairing Stucco: A Case of Contractor Gouging
Replies: 39
Views: 3043

Re: Repairing Stucco: A Case of Contractor Gouging

I can easily see the same job costing more in a nicer development then in say a low priced area. Someone in a nicer home will likely expect a better quality job and may be fussier about the outcome... more time for the contractor. Better that he's telling you upfront then he surprises you with the b...
by Johnsson
Fri Feb 09, 2018 4:41 pm
Forum: Personal Consumer Issues
Topic: Not happy where we live
Replies: 26
Views: 3205

Re: Not happy where we live

It's not about how much you make. It's about how little you spend. We had a similar situation 28 years ago. Moved back 'home' with two small children to be closer to family, making less money. Still live close to home and would make the same decision again. Quality of life greatly outweighs money in...
by Johnsson
Fri Feb 09, 2018 2:00 pm
Forum: Investing - Theory, News & General
Topic: "The stock market is officially in a correction... here's what usually happens next"
Replies: 83
Views: 14238

Re: "The stock market is officially in a correction... here's what usually happens next"

You know, I see the correction happening, and I am marveling at how my 'psychological' reaction has changed, as a result of finding this site three years ago. Seriously, it is night and day. I think having this forum is very, very helpful in controlling the behavioral aspect of investing. Five year...
by Johnsson
Thu Feb 08, 2018 8:42 am
Forum: Investing - Help with Personal Investments
Topic: CD Ladders or Tax-Exempt Bonds in Taxable
Replies: 5
Views: 1090

Re: CD Ladders or Tax-Exempt Bonds in Taxable

Thank you ALL, especially David! Always an education. I've learned so much on this forum.

Much to think about.

Will probably start with TE bonds with CDs to possibly follow as rates shift over the next few years.
by Johnsson
Wed Feb 07, 2018 9:19 am
Forum: Investing - Help with Personal Investments
Topic: CD Ladders or Tax-Exempt Bonds in Taxable
Replies: 5
Views: 1090

CD Ladders or Tax-Exempt Bonds in Taxable

I've looked at previous posts and see there's a bit exact numbers and a bit of personal comfort in making the decision. Having been an engineer I like 'correct' answers, whether they're comfortable or not (though I do try to minimize the discomfort :wink: ). This does not appear to me to be a black ...
by Johnsson
Fri Jan 26, 2018 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: Convincing uninterested DW we have enough...
Replies: 13
Views: 1763

Re: Convincing uninterested DW we have enough...

Celebrity silhouette to the southern Caribbean.
by Johnsson
Fri Jan 26, 2018 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Convincing uninterested DW we have enough...
Replies: 13
Views: 1763

Convincing uninterested DW we have enough...

We're on a cruise ship and about to depart. I used this opportunity to broach the subject of retirement in 4 years at the age of 60. We currently, technically have 'enough' but I'd like to bank a few more years of cushion. The delimma is she doesn't believe we have enough. We could live as we do on ...
by Johnsson
Thu Jan 25, 2018 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Almost 34 years old... Looking for Career Ideas with realistic High Earning Potential
Replies: 31
Views: 3501

Re: Almost 34 years old... Looking for Career Ideas with realistic High Earning Potential

At 42 I was laid off as an engineer and went back to school to be an RN. Many opportunities for higher pay in healthcare. You're never too old.
by Johnsson
Thu Jan 25, 2018 7:30 am
Forum: Investing - Help with Personal Investments
Topic: Your bond allocation when you were 48
Replies: 125
Views: 6790

Re: Your bond allocation when you were 48

at 48... 100-0
at 57... 70-30
by Johnsson
Thu Jan 25, 2018 7:10 am
Forum: Investing - Help with Personal Investments
Topic: 10 year growth table for VG 40/20/40 allocation?
Replies: 5
Views: 641

Re: 10 year growth table for VG 40/20/40 allocation?

https://www.portfoliovisualizer.com/backtest-asset-class-allocation... in general performance numbers here... http://performance.morningstar.com/fund/performance-return.action?t=VTSAX®ion=usa&culture=en_US http://performance.morningstar.com/fund/performance-return.action?t=VGTSX®ion=usa&cultur...
by Johnsson
Tue Jan 23, 2018 3:32 pm
Forum: Personal Consumer Issues
Topic: Tax preparation amount charged
Replies: 16
Views: 1411

Re: Tax preparation amount charged

Turbotax Premier (for $25!! :D ) You will NEVER understand taxes so well as when you do them yourself. What you learn is well worth the aggravation. A minor pain the 1st time but easy peasy after that (I have capital gains, dividends, charitable contributions and rental properties). It's all in the ...
by Johnsson
Thu Jan 18, 2018 11:21 am
Forum: Investing - Help with Personal Investments
Topic: Taking advantage of conservative equity allocations?
Replies: 5
Views: 382

Re: Taking advantage of conservative equity allocations?

I like the firecalc suggestion. I've run it many times. Running Bonds and Equities separately never crossed my mind. My only concern is that it seems to rebalance only once per year, not with any other strategy. I guess this could be looked at as one option. I'd rather see the effect of more frequen...
by Johnsson
Thu Jan 18, 2018 9:44 am
Forum: Investing - Help with Personal Investments
Topic: Taking advantage of conservative equity allocations?
Replies: 5
Views: 382

Taking advantage of conservative equity allocations?

Good morning folks. Has anyone looked at the overall performance of various equity allocations when also figuring in the benefits of rebalancing in down markets? Obviously, more bonds provide greater buying opportunities... even if they don't happen often. I'm sure it's been looked at in the past bu...
by Johnsson
Wed Jan 17, 2018 12:27 pm
Forum: Personal Consumer Issues
Topic: AJ Madison?
Replies: 11
Views: 1262

Re: AJ Madison?

We just purchased a new kitchen, 6 mos ago. I did too much research. I ended up with ... www.goedekers.com for all our appliances (researched separately). Their prices were less and I had no problems. They beat competitor deals the others wouldn't. I also saw a lot of AJ Madison coming up on searche...
by Johnsson
Sat Jan 13, 2018 7:23 pm
Forum: Investing - Help with Personal Investments
Topic: Target Date Fund Assets Allocation
Replies: 2
Views: 329

Re: Target Date Fund Assets Allocation

It should be about her tolerance to risk. Some stay 100% equities all the way through retirement (usually the highest returns with the highest risk). Some might have 20 or 30% (or more) bonds at your wife's age. If the market dropped 50% in the next few months, what allocation would you wished you h...
by Johnsson
Sat Jan 13, 2018 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Firing real estate agent after offer made?
Replies: 29
Views: 3485

Re: Firing real estate agent after offer made?

I believe that the die is already cast. Once the offer was made through that agent I believe you're committed, at least for this specific transaction. Since both agents work for the seller, I would suggest, in a kind way, you communicate with both the listing agent and your agent's broker your desir...
by Johnsson
Sat Jan 13, 2018 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Three piles approach to new money?
Replies: 4
Views: 703

Re: Three piles approach to new money?

It really depends on your intent. When will you need this money and for what purpose(s)? Notes: 1. Vanguard Fed Money Market: VMFXX isn't good for much of anything besides a place to sit money for a very short period of time as it's moved around. 2. VTSMX and VFIFX are somewhat redundant. For long-t...
by Johnsson
Sun Dec 24, 2017 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: Wrapping my head around creating a 'simple' pre-tax cd-ladder. What do you do?
Replies: 6
Views: 1044

Wrapping my head around creating a 'simple' pre-tax cd-ladder. What do you do?

I have a CD. My 1st for building a 5 year ladder. It's in taxable. I understand the negative aspect of having it in taxable. I've read other CD ladder postings and see that the ladder... Should obviously get the highest 'safe' rate, at the time. Be at an insured institution. Be spread across differe...
by Johnsson
Sun Dec 24, 2017 11:18 am
Forum: Investing - Theory, News & General
Topic: Do any of you follow Bob Brinker?
Replies: 65
Views: 9030

Re: Do any of you follow Bob Brinker?

Listening since the 80s and Marketimer subscriber since the early 90s (but probably won't renew now). He told me where to invest before there was anywhere else to find specific investment direction (w/o paying an advisor). I didn't want to research and he gave me easy answers. His direction repaid t...
by Johnsson
Sun Dec 17, 2017 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Buy home with structural issues
Replies: 51
Views: 4210

Re: Buy home with structural issues

Make the mortgage company aware (assuming you're not paying cash) of the 'new' problem. They will have more $$ invested than you and can exert much power.

There's typically a mortgage clause. No mortgage, no sale.
by Johnsson
Sat Dec 02, 2017 5:26 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Asset Allocation, Glide Path and 'Finalizing' a plan... 6 yrs out
Replies: 19
Views: 1855

Re: Help with Asset Allocation, Glide Path and 'Finalizing' a plan... 6 yrs out

I tried iORP with all variations of SS (at 62, 67 and 70).

I'll keep playing with iORP. It's gotta be something stpid I'm doing. :oops:
by Johnsson
Sat Dec 02, 2017 11:28 am
Forum: Investing - Help with Personal Investments
Topic: Help with Asset Allocation, Glide Path and 'Finalizing' a plan... 6 yrs out
Replies: 19
Views: 1855

Re: Help with Asset Allocation, Glide Path and 'Finalizing' a plan... 6 yrs out

Thanks Chip. I used the Advance iORP and definitely tried to to Roth conversions (James, the author said it was set up properly). Will revisit after whatever tax changes take effect (and iORP is updated, hopefully). Well, it seems my overall plan is generally OK (up to age 62). At least no one has h...
by Johnsson
Sat Dec 02, 2017 10:33 am
Forum: Investing - Help with Personal Investments
Topic: Help with Asset Allocation, Glide Path and 'Finalizing' a plan... 6 yrs out
Replies: 19
Views: 1855

Re: Help with Asset Allocation, Glide Path and 'Finalizing' a plan... 6 yrs out

Yes, sorry, my mistake. We'll be in the 25% bracket (not 28%). I'm thinking about Roth conversions to the top of that bracket. I read an article by Kitces where splitting withdrawals from Pre-tax and taxable (before starting SS) provides for greater longevity and final value... https://www.kitces.co...
by Johnsson
Fri Dec 01, 2017 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Asset Allocation, Glide Path and 'Finalizing' a plan... 6 yrs out
Replies: 19
Views: 1855

Re: Help with Asset Allocation, Glide Path and 'Finalizing' a plan... 6 yrs out

The $150k per year would be a maximum available number. Practically speaking I expect the taxable number to be ~$90k (on the 25-28% border) with partial draws from before and after-tax funds. I'd like to end up with $100K net. I'll work on the best approach as retirement looms. I was/am planning to ...
by Johnsson
Fri Dec 01, 2017 8:25 am
Forum: Investing - Help with Personal Investments
Topic: Help with Asset Allocation, Glide Path and 'Finalizing' a plan... 6 yrs out
Replies: 19
Views: 1855

Re: Help with Asset Allocation, Glide Path and 'Finalizing' a plan... 6 yrs out

As noted above, 'IF' I start taking SS at 62 I could have up to ~$150K that would be taxable each year (3.5% of $3.2M plus SS). Some would be from pre-tax, some from taxable. The more taken from taxable accounts, the lower the taxes owed. Some of that could end up as Roth conversions. ...Depending o...
by Johnsson
Thu Nov 30, 2017 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Asset Allocation, Glide Path and 'Finalizing' a plan... 6 yrs out
Replies: 19
Views: 1855

Re: Help with Asset Allocation, Glide Path and 'Finalizing' a plan... 6 yrs out

Thank you all for your info.

Is there a downside to doing Roth conversions after retirement? I assume I'll be in the 25% or 28% bracket so would try to max the conversions to the top of the bracket I'm in at the time.
by Johnsson
Wed Nov 29, 2017 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Asset Allocation, Glide Path and 'Finalizing' a plan... 6 yrs out
Replies: 19
Views: 1855

Re: Help with Asset Allocation, Glide Path and 'Finalizing' a plan... 6 yrs out

I discussed (via email) my iORP submissions with James Welch. He saw nothing wrong (but did not do an in depth analysis) with my assumptions. My emotions say than Roth conversions make sense. The iORP data, not so much. No significant health problems but we all die sometime from something. I was tem...
by Johnsson
Wed Nov 29, 2017 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Asset Allocation, Glide Path and 'Finalizing' a plan... 6 yrs out
Replies: 19
Views: 1855

Re: Help with Asset Allocation, Glide Path and 'Finalizing' a plan... 6 yrs out

All expenses (as we live today) with $12 k added for healthcare are ~$80,000. It's tough coming up with a healthcare number for 6 years from now. :? Income with 3.5% withdrawal and with SS at 62 (w/o rental property sales included) should be ~ $153,000 I'm assuming an average 6% annual return on inv...
by Johnsson
Wed Nov 29, 2017 10:33 am
Forum: Investing - Help with Personal Investments
Topic: Help with Asset Allocation, Glide Path and 'Finalizing' a plan... 6 yrs out
Replies: 19
Views: 1855

Help with Asset Allocation, Glide Path and 'Finalizing' a plan... 6 yrs out

Emergency funds: 12 months of annual expenses Debt: None Tax Filing Status: Married Filing Jointly Marginal Tax Rate: 28% Federal, 6.2% Total of State and Local State of Residence: PA Age: both 56 Desired Asset allocation: 70% stocks / 30% bonds… gliding to 60% Eq/ 30% Bd/ 10% CD ladder over next 6...
by Johnsson
Mon Nov 27, 2017 11:12 am
Forum: Investing - Help with Personal Investments
Topic: Currently have $700,000 at 26 years old get $100,000 a year
Replies: 165
Views: 29204

Re: Currently have $700,000 at 26 years old get $100,000 a year

+1 on the part-time job at a Starbucks. It will have little stress, will get you into a positive, functioning work environment AND will help you meet real people with real lives. It's too easy, not having worked, to lose touch with reality. The problems you have may seem all encompassing because you...