Search found 120 matches

by Johnsson
Sat Sep 15, 2018 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: Mom has retired and I need to help
Replies: 12
Views: 2090

Re: Mom has retired and I need to help

If all her needs are covered by fixed income her allocation can be driven by her desire for risk. I personally would not go below 40% or over 70% equity. Appropriate, low-cost funds and complexity can be found here... https://www.bogleheads.org/wiki/Three-fund_portfolio For a single fund I'd prefer....
by Johnsson
Sat Sep 15, 2018 11:06 am
Forum: Investing - Theory, News & General
Topic: Pension alternatives
Replies: 41
Views: 3183

Re: Pension alternatives

We've had rentals for ~30 years. We've always had a manager (I learned young, managing my parents rentals that I did no want to do it myself). Our returns have been similar to yours. We're now 57 and planning to sell what we have. Even with a manager there's always a problem around the next corner (...
by Johnsson
Tue Sep 11, 2018 10:18 am
Forum: Investing - Help with Personal Investments
Topic: Is it worth doing a small Roth conversion now?
Replies: 16
Views: 1070

Re: Is it worth doing a small Roth conversion now?

To beat a dead horse (and understand the ground rules for my planning)... ----------------- In 2018 DW and I have created our Roth IRAs. If in 2021 (after FIRE) we roll over $200k into the Roth accounts, we will be able draw from principle AND income in those Roth accounts on January 1, 2023 (when w...
by Johnsson
Sun Sep 09, 2018 9:32 am
Forum: Investing - Help with Personal Investments
Topic: Is it worth doing a small Roth conversion now?
Replies: 16
Views: 1070

Re: Is it worth doing a small Roth conversion now?

Being financially astute and proactive, DW did it as well!!! :wink:
by Johnsson
Sun Sep 09, 2018 9:10 am
Forum: Investing - Help with Personal Investments
Topic: Is it worth doing a small Roth conversion now?
Replies: 16
Views: 1070

Re: Is it worth doing a small Roth conversion now?

Done!! or, I guess it'll be done on Monday.

$500 to VMMXX in my new Roth account. We'll see if it's allowed since there's a $3,000 minimum.

Thank you all!!
by Johnsson
Sun Sep 09, 2018 8:51 am
Forum: Investing - Help with Personal Investments
Topic: Is it worth doing a small Roth conversion now?
Replies: 16
Views: 1070

Re: Is it worth doing a small Roth conversion now?

So, it sounds like I should do it in my IRA instead... now. I'd be paying 24% federal taxes on the conversion to do it in my IRA, does it matter how small the conversion is to start the clock? $500? Then when I roll-over 401ks at FIRE and do a conversion the clock will have been ticking for 2.5 years.
by Johnsson
Sun Sep 09, 2018 8:44 am
Forum: Investing - Help with Personal Investments
Topic: Is it worth doing a small Roth conversion now?
Replies: 16
Views: 1070

Re: Is it worth doing a small Roth conversion now?

I was hoping to transfer the 401ks upon retirement to the IRA for simplicity.

The easiest would be... Shift contributions w/in my 401k to create the Roth and roll-over into our IRA at FIRE. However, would the roll-over start a new clock in my IRA?
by Johnsson
Sun Sep 09, 2018 7:03 am
Forum: Investing - Help with Personal Investments
Topic: Is it worth doing a small Roth conversion now?
Replies: 16
Views: 1070

Is it worth doing a small Roth conversion now?

DW and I have never contributed to a Roth. We're hoping to FIRE at the beginning of 2021 at the age of 59. Running i-ORP it is telling us to make a ~$200K Roth conversion during the 1st year of retirement, then spend from the Roth and taxable over the next 5 years (until Medicare)... keeping income ...
by Johnsson
Mon Sep 03, 2018 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: Long term safe-asset plan (not long-term bonds) make sense...?
Replies: 7
Views: 756

Re: Long term safe-asset plan (not long-term bonds) make sense...?

I've been thinking about this for quite a while and continue to think. ----------------------------------- Stay with my plan, gliding to 50/50 (above) ,or... Continue to balance to 60/40 (instead of gliding to 50/50) with 6 years of CD ladder and 9 years of VSIGX (Vanguard Intmdt-Term Trs Idx Admira...
by Johnsson
Mon Sep 03, 2018 10:12 am
Forum: Investing - Help with Personal Investments
Topic: Long term safe-asset plan (not long-term bonds) make sense...?
Replies: 7
Views: 756

Re: Long term safe-asset plan (not long-term bonds) make sense...?

What does you overall asset allocation look like? What is your age? How long to retirement if not yet retired? Withdrawal rate? DW and I are currently 57 and plan to retire at the end of 2020. We are currently 60/40 and will be adding ~10% to the bond/safe side as I build the CD ladder. We SHOULD r...
by Johnsson
Sun Sep 02, 2018 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: Long term safe-asset plan (not long-term bonds) make sense...?
Replies: 7
Views: 756

Long term safe-asset plan (not long-term bonds) make sense...?

I have read many threads about how people slice and dice their safe assets and have been trying to come up with one that feels right for me. My latest thought have been to break up our safe investments as follows... 6 years of basic living expenses in a CD ladder. 13 years of basic living expenses s...
by Johnsson
Mon Aug 27, 2018 9:48 am
Forum: Personal Consumer Issues
Topic: VRBO (or equiv) or RV to see America?
Replies: 12
Views: 1463

Re: VRBO (or equiv) or RV to see America?

This is why spouse is afraid to rent an RV. We'd probably get it right after you. :D I would plan to buy the RV as our concerns for renting would be similar to your wife's plus the expense of renting. I believe we could purchase an RV (new or lightly used), use it for ~5 years (or less) and sell it...
by Johnsson
Sun Aug 26, 2018 7:13 am
Forum: Personal Consumer Issues
Topic: VRBO (or equiv) or RV to see America?
Replies: 12
Views: 1463

Re: VRBO (or equiv) or RV to see America?

I expect our sight seeing would be more towards the scenery/parks rather than the cities... that's why I'm thinking RV. I know the pets will cramp our style a bit but think it's worth it. Would have an RV with A/C and a generator for short trips into store/restaurants. Pet sitting services/kennel at...
by Johnsson
Sat Aug 25, 2018 5:12 pm
Forum: Personal Consumer Issues
Topic: VRBO (or equiv) or RV to see America?
Replies: 12
Views: 1463

VRBO (or equiv) or RV to see America?

DW and I are planning to see the country, with our 2 dogs , in one month long excursions (3 or 4 a year) starting in 2-3 years, assuming FIRE. I've scoured the RV postings and think that is the way to go (in a larger class b or smaller class c... probably in an LTV or Pleasureway). DW would prefer t...
by Johnsson
Fri Aug 17, 2018 11:57 am
Forum: Investing - Help with Personal Investments
Topic: What are the cons of multi-family housing investments?
Replies: 4
Views: 619

Re: What are the cons of multi-family housing investments?

We had some multi-family units, years ago (1 & 2 bedrooms). We found that the people were more transient, causing higher tenant placement costs, maintenance from damage/painting/carpets and empty units while work was done and new tenants were found. We transitioned to double houses (similar to a tow...
by Johnsson
Tue Aug 14, 2018 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Relocating/New Job - Feels Like a Good Time to Check In
Replies: 6
Views: 613

Re: Relocating/New Job - Feels Like a Good Time to Check In

Every time you or your spouse leave a job you should roll your 'old' 401k over into a self-directed IRA at the investment house of your choice (we use Vanguard), aggregating the old 401ks into two accounts (one rollover account for you and one for your spouse). Eventually you will end up with all yo...
by Johnsson
Sun Aug 12, 2018 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest ~$4mm for disabled-for-life 36-yo
Replies: 22
Views: 2828

Re: How to invest ~$4mm for disabled-for-life 36-yo

JBTX wrote:
Sun Aug 12, 2018 2:51 pm

Probably worth a conversation with an estate planning attorney who specializes in elder care.
+1
by Johnsson
Sun Aug 12, 2018 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest ~$4mm for disabled-for-life 36-yo
Replies: 22
Views: 2828

Re: How to invest ~$4mm for disabled-for-life 36-yo

I've personally seen younger folks living at CCRCs. While maybe not the desired demographic, a facility of this type should be well-equipped to provide support.

When residences are empty, money talks loudly (assuming the rules aren't being broken).
by Johnsson
Sun Aug 12, 2018 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest ~$4mm for disabled-for-life 36-yo
Replies: 22
Views: 2828

Re: How to invest ~$4mm for disabled-for-life 36-yo

Wow. I can understand why the parents need help. I think the first order of business is to address costs. With a current spend of $192k per year, that's a 4.8% draw rate... unsustainable... For someone of this age I think you're talking more like 2.5% draw rate, or $8333 a month (without an apartmen...
by Johnsson
Mon Jul 30, 2018 2:31 pm
Forum: Investing - Help with Personal Investments
Topic: Net worth of $3.7M at age 47 - can I retire?
Replies: 126
Views: 14650

Re: Net worth of $3.7M at age 47 - can we retire?

How much will healthcare be... added to the $150K?

With children at home I'd say 2.5 to 3%
by Johnsson
Wed Jul 25, 2018 7:28 am
Forum: Investing - Theory, News & General
Topic: "Money Talk" Radio Program with Bob Brinker
Replies: 33
Views: 4202

Re: "Money Talk" Radio Program with Bob Brinker

I listened and subscribed before the internet (and Bogleheads) because there were few good sources of information for the uninformed (me). He pointed me in the right direction and helped us get where we are today. Without him I would have had no idea what to do (in the late 80s early 90s). His newsl...
by Johnsson
Wed Jul 11, 2018 6:27 am
Forum: Investing - Help with Personal Investments
Topic: Transitioning from bond funds as retirement approaches?...
Replies: 6
Views: 988

Re: Transitioning from bond funds as retirement approaches?...

Thank you for your suggestions. My concern is not the spending, it is the correct apportionment between the 3 vehicles as time goes on... Vanguard Prime (duration of zero) CDs (2 or 3 year) VFIDX and VBTLX (50/50... duration of 5.82 yrs) I'm looking to use these three to get the benefit of the inter...
by Johnsson
Mon Jul 09, 2018 8:02 am
Forum: Investing - Help with Personal Investments
Topic: Transitioning from bond funds as retirement approaches?...
Replies: 6
Views: 988

Transitioning from bond funds as retirement approaches?...

Hi folks. For better or worse over the last 3 years we transitioned from 100% equities, working towards 60E/40B with the bonds split evenly between VBTLX (Vanguard total bond market) and VFIDX (Vanguard Intermediate investment grade). We plan to transition with this equity ratio into retirement at t...
by Johnsson
Tue Jun 26, 2018 7:16 am
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 345
Views: 34785

Re: What is/ was your career and would you recommend it now?

Was happily a mechanical (project) engineer that settled in a LCOL. The manufacturing plant where I worked closed and we chose to stay in area due to HQOL and kids in high school. Went back to school to be an RN (wife is also an RN) and have done that for 12 years. I would recommend healthcare. I ca...
by Johnsson
Sat Jun 23, 2018 1:35 pm
Forum: Investing - Theory, News & General
Topic: Do you invest in Real Estate ? Why ?
Replies: 75
Views: 9284

Re: Do you invest in Real Estate ? Why ?

Yes.

Diversification, cash flow.

Note: Have someone else manage them now because I never liked those midnight phone calls.
by Johnsson
Sat Jun 23, 2018 7:10 am
Forum: Investing - Help with Personal Investments
Topic: My first attempt at TLH
Replies: 14
Views: 1116

Re: My first attempt at TLH

I exchanged VTIAX for VFWAX on Thursday for a $3K loss. Making the exchange does it in one step, instead of selling then buying.
by Johnsson
Sat Jun 02, 2018 11:27 am
Forum: Investing - Theory, News & General
Topic: A correction IS/WAS expanding...?
Replies: 8
Views: 1575

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: 1575

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: 12824

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: 3515

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: 3515

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: 751

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: 751

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: 751

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: 470

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: 2275

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: 3820

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: 9027

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: 2547

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: 328

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: 2547

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: 2547

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: 1398

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: 1398

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: 1398

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: 3343

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: 3496

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: 14607

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...