Search found 53 matches

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: 1393

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: 1393

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: 1393

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: 1393

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: 1393

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: 1393

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: 1393

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: 1393

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: 1393

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: 25861

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...
by Johnsson
Wed Nov 22, 2017 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 25988

Re: Why not take Social Security at 62

Assuming it's accurate... I ran various scenarios through FIRECalc and found for our situation that starting payments at 62, 67 and 70 end with approximately (very close) the same ending valuations. This means that taking the earlier payments allows my investments (the investment money I did not hav...
by Johnsson
Wed Nov 08, 2017 10:06 am
Forum: Personal Finance (Not Investing)
Topic: How old are you and how much do you save for retirement a year
Replies: 150
Views: 13173

Re: How old are you and how much do you save for retirement a year

It's funny. Talking to people at work I feel like I'm the only one in the world saving for retirement. Reading on here I feel like I am not doing nearly enough. This is sooo true! I joined this forum about a year ago and read it almost every day. It is such a good source of motivation and keeps me ...
by Johnsson
Tue Nov 07, 2017 12:53 pm
Forum: Personal Consumer Issues
Topic: My Dad's slides
Replies: 21
Views: 2489

Re: My Dad's slides

My in-laws had 16 carousels... 96 slides in each. I bought a Canon Scanner. An older version of this... Canon CanoScan 9000F Mark II Color Flatbed Scanner, 3440592 I then went through all the slides. If there was a person on the slide I scanned it then tossed it. If not, it just got tossed. Many hou...
by Johnsson
Mon Nov 06, 2017 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Morningstar: Cognitive decline in aging. A strong case for portfolio simplification?
Replies: 98
Views: 7994

Re: Morningstar: Cognitive decline in aging. A strong case for portfolio simplification?

Planning for cognitive decline is quite prudent, of course, as it does happen to many as they age. But it is not inevitable for everyone. My 97 year old mother and I have frequent conversations about finances, and estate planning, and she keeps me on my toes. Should I be investing in a Roth or trad...
by Johnsson
Sun Nov 05, 2017 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: Split 401k between pre-tax and Roth?
Replies: 22
Views: 1402

Re: Split 401k between pre-tax and Roth?

Input the details into www.i-orp.com and it showed no benefit from Roth investment or backdoor or conversion. Emotion tells me I should have a Roth... it feels right. I have no confirmation it's a smart thing to do. Just checking: did you use Optimal Retirement Planner - Extended Parameter Form or ...
by Johnsson
Sun Nov 05, 2017 11:28 am
Forum: Investing - Help with Personal Investments
Topic: Split 401k between pre-tax and Roth?
Replies: 22
Views: 1402

Re: Split 401k between pre-tax and Roth?

Currently we're both 56, to retire at 62. Here is a thought. How are you planning to live from age 62 until you take SS (age 70 let's say)? Big pile of accumulated after-tax cash? If so, you could plan to do Roth conversions from age 62 -> 70 every year up to the top of the 15% bracket and still co...
by Johnsson
Sun Nov 05, 2017 11:26 am
Forum: Investing - Help with Personal Investments
Topic: Split 401k between pre-tax and Roth?
Replies: 22
Views: 1402

Re: Split 401k between pre-tax and Roth?

Yes there are sufficient funds for Roth 401ks. Currently we're both 56, to retire at 62. Oddly enough, looking at starting SS at 62, 67 and 70 with firecalc shows they're all about the same. So, not sure yet. Currently 25% taxable savings, 75% pre-tax IRA/401k. No Roth. We're just above the Roth IR...
by Johnsson
Sat Nov 04, 2017 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: Split 401k between pre-tax and Roth?
Replies: 22
Views: 1402

Re: Split 401k between pre-tax and Roth?

We've been maxing out 401k contributions (24k each) for years... all pre-tax. We're in the 28% tax bracket with 33k to go before we hit 33% (after all our deductions). I expect us to be in the 25% bracket when retired. Because you are maxing out your retirement accounts , and the difference between...
by Johnsson
Sat Nov 04, 2017 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: Split 401k between pre-tax and Roth?
Replies: 22
Views: 1402

Re: Split 401k between pre-tax and Roth?

Don't forget about state income taxes when calculating current marginal tax rate now vs. in retirement. Do you live in a high state income tax state and plan to move to Florida, Texas, Tennessee, Washington, Wyoming or Alaska when you retire? These no-income tax states won't tax your Traditional 40...
by Johnsson
Sat Nov 04, 2017 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: Split 401k between pre-tax and Roth?
Replies: 22
Views: 1402

Re: Split 401k between pre-tax and Roth?

Don't forget about state income taxes when calculating current marginal tax rate now vs. in retirement. Do you live in a high state income tax state and plan to move to Florida, Texas, Tennessee, Washington, Wyoming or Alaska when you retire? These no-income tax states won't tax your Traditional 40...
by Johnsson
Sat Nov 04, 2017 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Pre-save for healthcare?
Replies: 6
Views: 416

Re: Pre-save for healthcare?

Thanks. I thought I'd try.
by Johnsson
Sat Nov 04, 2017 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: Split 401k between pre-tax and Roth?
Replies: 22
Views: 1402

Split 401k between pre-tax and Roth?

We've been maxing out 401k contributions (24k each) for years... all pre-tax. We have no Roth's. We're in the 28% tax bracket with 33k to go before we hit 33% (after all our deductions). I expect us to be in the 25% bracket when retired. Should we... 1. be splitting our 401k contributions between Ro...
by Johnsson
Sat Nov 04, 2017 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Pre-save for healthcare?
Replies: 6
Views: 416

Re: Pre-save for healthcare?

John Laurens wrote:
Sat Nov 04, 2017 11:13 am
Sure. You can save for future healthcare costs pretax in a 401k or a deductible traditional IRA (if you qualify).

Regards,
John
And also pay the healthcare costs with tax-free withdrawals?
by Johnsson
Sat Nov 04, 2017 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Pre-save for healthcare?
Replies: 6
Views: 416

Re: Pre-save for healthcare?

Money to pay for the costs shouldn't be a problem (markets willing). Knowing others with current HSAs can save for future expenses when I can't is my frustration.

I know that I'm also 'saving' by not having those high deductibles.

I want to have my cake and eat it too. :greedy
by Johnsson
Sat Nov 04, 2017 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Pre-save for healthcare?
Replies: 6
Views: 416

Pre-save for healthcare?

We are blessed with health insurance through work that IS NOT a high deductible plan (current individual deductibles are $500)... so I believe we don't qualify to fund an HSA. Is there any way (following current rules) to save pre-tax money for payment of future healthcare costs (using untaxed $$)? ...
by Johnsson
Mon Oct 30, 2017 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: Having almost 90% of investments with Target Retirement account
Replies: 19
Views: 4169

Re: Having almost 90% of investments with Target Retirement account

A regular here on BH ("neurosphere") has a signature line that says: If you have to ask if a Target Date fund is right for you, the answer is "yes" . It is a great set-it-and-forget-it investment tool. My daughter's Roth is entirely in TR2050. My son's Roth is in TR2055. As long as it is kept in a ...
by Johnsson
Fri Oct 27, 2017 6:41 am
Forum: Investing - Help with Personal Investments
Topic: How Well Do You Know About Retirement Income?
Replies: 40
Views: 4637

Re: How Well Do You Know About Retirement Income?

32 out of 38 (my only excuse is I'm a fairly recent BH convert). I assume most of the people willing to take the test are relatively close to retirement. When reviewing the responses it's interesting to see the percentage of people who answered correctly. 33% or so was pretty common... not much high...
by Johnsson
Sun Oct 22, 2017 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for medical school for son?
Replies: 79
Views: 5185

Re: Paying for medical school for son?

Thank you letsgobooby. This is exactly my understanding of this topic. If the government or anyone else wants to pay his loans off, I have no problem with letting them do so. Worse case scenario is I help him after his training is completed. The difficult part is that Uncle Sam lets you pay all the...
by Johnsson
Sun Oct 22, 2017 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for medical school for son?
Replies: 79
Views: 5185

Re: Paying for medical school for son?

I read many posts but not all. I understand why people would like to take care of the costs for their child's education. A very honorable thing to do. One of the things I did not see addressed (maybe I missed it?) was the value of learning to pay back loans. If a child's education/costs are provide...
by Johnsson
Sun Oct 22, 2017 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Paying for medical school for son?
Replies: 79
Views: 5185

Re: Paying for medical school for son?

I read many posts but not all. I understand why people would like to take care of the costs for their child's education. A very honorable thing to do. One of the things I did not see addressed (maybe I missed it?) was the value of learning to pay back loans. If a child's education/costs are provided...
by Johnsson
Sat Oct 21, 2017 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversions... I don't get it.
Replies: 10
Views: 1149

Re: Roth Conversions... I don't get it.

So... form 8606?

As you said, I see no limitation.

Since it would all be at Vanguard it should be simple.

I just need to look at conversion amounts and expected future RMDs (and the tax effects), to decide how much to convert.

Thank you!
by Johnsson
Sat Oct 21, 2017 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Paying for medical school for son?
Replies: 79
Views: 5185

Re: Paying for medical school for son?

Our daughter is a 2nd year resident. We paid for undergrad and chose to let her pay for medical school. Yes, that 'skin in the game' thing. My Mom has sent money to help her though-out but she'll still end up with significant loans. It hurts now when only making resident wages. I believe it will hur...
by Johnsson
Sat Oct 21, 2017 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversions... I don't get it.
Replies: 10
Views: 1149

Roth Conversions... I don't get it.

I've been researching this and am finding too much differing information (likely because everyone has a different situation). We're 56 years old and hope to retire no later than 62. DW and I have only pre-tax contributions to retirement investments... to our 401Ks and our roll-over IRAs. Our income ...
by Johnsson
Sun Oct 15, 2017 4:33 pm
Forum: Investing - Help with Personal Investments
Topic: [How to get started buying stocks]
Replies: 11
Views: 965

Re: Stocks

Do no buy stocks until you know more (if ever). Mutual funds are generally more appropriate. Start here... https://www.bogleheads.org/wiki/Bogleheads®_investment_philosophy and here... https://www.bogleheads.org/wiki/Three-fund_portfolio Search this forum and read how others have gotten started. The...
by Johnsson
Sun Oct 15, 2017 4:13 pm
Forum: Investing - Theory, News & General
Topic: How does everyone keep track of your portfolio?
Replies: 107
Views: 7491

Re: How does everyone keep track of your portfolio?

Ditto on the Excel. Data entry on the 1st of the month (or so) with auto calculations for rebalancing.

Several tabs... plus list of accounts w/login info, projections, IPS ... all for DW to ponder and/or throw away when I'm gone.
by Johnsson
Tue Oct 10, 2017 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: Investments for benefit of Special Needs sibling...
Replies: 9
Views: 654

Re: Investments for benefit of Special Needs sibling...

I manage a SNT for my brother-in-law and have chosen the Vanguard Tax Managed Balanced Fund for him. About as simple as it gets and gives me the same 50/50 split of assets, though of course it lacks some of the tax exemption you have. Not sure how performance compares. Are you hit with capital gain...
by Johnsson
Tue Oct 10, 2017 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: Investments for benefit of Special Needs sibling...
Replies: 9
Views: 654

Re: Investments for benefit of Special Needs sibling...

I had posted in August trying to decide if we wanted to fund a special needs trust (https://www.bogleheads.org/forum/viewtopic.php?f=2&t=226354) We've decided to forego the special needs trust and ABLE, at least for now, maybe forever. We are setting aside funds (in my mothers VG account) to be use...
by Johnsson
Tue Oct 10, 2017 9:45 am
Forum: Investing - Help with Personal Investments
Topic: Investments for benefit of Special Needs sibling...
Replies: 9
Views: 654

Re: Investments for benefit of Special Needs sibling...

My sister is in her early 60s and has always lived with our parents. Our plan is for her to continue on in a continuing care community where she lives with Mom, volunteers and has built relationships. We can move this money into the trust if needs be. My research makes me believe that a SNT or ABLE ...
by Johnsson
Tue Oct 10, 2017 7:59 am
Forum: Investing - Help with Personal Investments
Topic: Investments for benefit of Special Needs sibling...
Replies: 9
Views: 654

Investments for benefit of Special Needs sibling...

I had posted in August trying to decide if we wanted to fund a special needs trust (https://www.bogleheads.org/forum/viewtopic.php?f=2&t=226354) We've decided to forego the special needs trust and ABLE, at least for now, maybe forever. We are setting aside funds (in my mothers VG account) to be used...
by Johnsson
Thu Oct 05, 2017 7:18 am
Forum: Personal Finance (Not Investing)
Topic: That blank stare... ?
Replies: 49
Views: 3147

That blank stare... ?

Does anyone else get that blank stare from their spouse when you say two words about investing? My DW cares not one little bit about what is done with our money. I make all changes to accounts (including her 401k) because otherwise it wouldn't get done. She assumes than retirement magically happens ...
by Johnsson
Sun Aug 27, 2017 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Special Needs Trust - Do we need it??
Replies: 23
Views: 1934

Re: Special Needs Trust - Do we need it??

Could be. I should ask Mom...
by Johnsson
Fri Aug 25, 2017 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Special Needs Trust - Do we need it??
Replies: 23
Views: 1934

Re: Special Needs Trust - Do we need it??

I stand corrected. SSDI. (Sorry. This is a new game for me.) Any thoughts about a proper place for the investment? I'm thinking... VSCGX (58 Equity, 42 Bond). I want the fund to be objectively correct, with a minimum of personal influence (to minimize the opportunity for anyone to say I invested in ...
by Johnsson
Fri Aug 25, 2017 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Special Needs Trust - Do we need it??
Replies: 23
Views: 1934

Re: Special Needs Trust - Do we need it??

Thank you all... much good information. SSI benefits are for a disabled child, receiving 1/2 of my Dad's amount. It looks like that would be reduced by ~$265 if funds provided from trust. Taxes of 39.6% for income over $12,400 if monies placed in trust. WOW! Obviously we don't want to the fund trust...
by Johnsson
Fri Aug 25, 2017 6:13 am
Forum: Personal Finance (Not Investing)
Topic: Special Needs Trust - Do we need it??
Replies: 23
Views: 1934

Re: Special Needs Trust - Do we need it??

Thank you all for your input. My hesitance in using the trust is that special needs trusts CAN'T be used to fund basic needs (such as room & board, a.k.a. the $4,000 a month). The preponderance of money held for her benefit would have to be held in spme other way. My sister can't have more than $2k ...
by Johnsson
Thu Aug 24, 2017 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Special Needs Trust - Do we need it??
Replies: 23
Views: 1934

Special Needs Trust - Do we need it??

Hi folks. Years ago my parents made a special needs trust for my sister which has yet to be funded. My mother and I are her legal guardians. My sister lives with my mother in a continuing care community where my sister volunteers and is emotionally connected. Our plan is for her to stay in the commu...
by Johnsson
Thu Jul 27, 2017 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: New employer won't except rollover without Letter of Determination 403b
Replies: 2
Views: 326

Re: New employer won't except rollover without Letter of Determination 403b

Don't roll into your new company. It will likely limit your choices and may have high fees. Roll into a self-directed IRA at Vanguard and put money into a 3 fund portfolio.
by Johnsson
Tue Jul 18, 2017 7:33 am
Forum: Investing - Help with Personal Investments
Topic: Are stock market returns doomed by the Baby Boomers?
Replies: 27
Views: 3349

Re: Are stock market returns doomed by the Baby Boomers?

Thank you for all your input! Much to consider. Unfortunately, being at the end of the baby boomers I have no pension. As with future generations it's up to us to save and invest. When we started there was no internet or free advise. I gravitated to Bob Brinker's news letter and have used the intern...