Search found 73 matches

by Johnsson
Sat Feb 17, 2018 7:17 am
Forum: Personal Consumer Issues
Topic: Repairing Stucco: A Case of Contractor Gouging
Replies: 39
Views: 2647

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: 2846

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: 13151

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: 864

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: 864

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: 1613

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: 1613

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: 3132

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: 6030

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: 582

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: 1262

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: 331

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: 331

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: 1119

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: 294

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: 3268

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: 646

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: 932

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: 64
Views: 6751

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: 3835

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: 1611

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: 1611

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: 1611

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: 1611

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: 1611

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: 1611

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: 1611

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: 1611

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: 1611

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: 26923

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: 27960

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: 14325

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: 2643

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: 8701

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: 1665

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: 1665

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: 1665

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: 1665

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: 1665

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: 1665

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: 464

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: 1665

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: 464

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: 464

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: 464

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: 20
Views: 4778

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: 4945

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: 5499

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: 5499

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...