Search found 102 matches

by TXJeff
Mon Jan 13, 2020 7:10 am
Forum: Personal Investments
Topic: Directionless drift
Replies: 32
Views: 4001

Re: Directionless drift

We are in mid-40s with high seven digit portfolio(adequately diversified per BH principles - 40(US)/30(intl)/30(intl)) work in tech, live well below our means. Yearly expenses track ~120k,(including housing). kids are still home and we have our parents responsibility as well. . . . Q1 To us, it see...
by TXJeff
Tue Dec 03, 2019 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: H&R BLOCK Pre-Order 2019 Software Offer
Replies: 315
Views: 27070

Re: H&R BLOCK Pre-Order 2019 Software Offer

I used dinkytown.net 1040 Tax Calculator for modeling the size of my late 2019 Roth IRA conversion. The dinkytown caluclator was updated last year with the 2017-2018 tax law changes. This year it appears to be ready for 2019 1040 calculations. I wanted to get my Roth IRA paperwork started before Cy...
by TXJeff
Mon Dec 02, 2019 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: H&R BLOCK Pre-Order 2019 Software Offer
Replies: 315
Views: 27070

Re: H&R BLOCK Pre-Order 2019 Software Offer

Question: I am out of the US on vacation through early January, and it looks like I can’t buy the downloadable H&R Block while outside the US. But I need to model this year’s late-December Roth conversion and stay under ACA limits. If my only 2019 income is dividends and interest, would the 2018 ve...
by TXJeff
Sat Sep 14, 2019 10:44 am
Forum: Personal Investments
Topic: US Retiree considering 5 year move abroad: how to organize US finances for the trip?
Replies: 4
Views: 1040

Re: US Retiree considering 5 year move abroad: how to organize US finances for the trip?

Yep, I hated to be vague about location. But that info, plus previous posts, begins to make me identifiable. You are right that tax treaties are foundational here. So below are more essentials about me and about the treaty terms: About me: I have An IRA, which I’d be old enough to tap penalty free b...
by TXJeff
Sat Sep 14, 2019 6:17 am
Forum: Personal Investments
Topic: US Retiree considering 5 year move abroad: how to organize US finances for the trip?
Replies: 4
Views: 1040

US Retiree considering 5 year move abroad: how to organize US finances for the trip?

Hi Bogleheads-- I’m considering spending about 5 years in another country, pursuing some specific goals. This would make me a tax resident there. So I may need to temporarily modify my draw down plan. What do you think? Background Currently 59, retired for some years, balancing ROTH conversions, inc...
by TXJeff
Sat Sep 07, 2019 5:09 pm
Forum: Personal Consumer Issues
Topic: Quebec City in October
Replies: 23
Views: 2078

Re: Quebec City in October

Wow! That must be one of the highest latitude wine regions in the world! Yep, and it's well established for both viniculture and tourism. But not massive "tourist-hordes-overrun-village" type tourism. Here's a link for the route du vin: https://www.laroutedesvins.ca/en/ . And one for the whole east...
by TXJeff
Sat Sep 07, 2019 4:40 pm
Forum: Personal Consumer Issues
Topic: Quebec City in October
Replies: 23
Views: 2078

Re: Quebec City in October

October is prime time in this area for great fall foliage. Depending on exactly when you're there, maybe get out of the city for a day to enjoy that. Also, there is the "route du vin" in what are called the "eastern townships"--charming nearby region of villages, small towns, local agriculture and l...
by TXJeff
Mon Aug 12, 2019 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Travel Insurance Caveats?
Replies: 19
Views: 1157

Re: Travel Insurance Caveats?

Two popular choices: 1. World Nomads. I've used them for many trips. Had to file a couple of claims. No problem, and they covered exactly what they were supposed to. Downsides are: pre-existing conditions not covered. Focus is on medical--trip cancellation and lost luggage coverage are limited. 2. I...
by TXJeff
Sun Jun 23, 2019 7:02 am
Forum: Personal Consumer Issues
Topic: Suggestions for Wintering Over 2020
Replies: 14
Views: 2003

Re: Suggestions for Wintering Over 2020

New Zealand
by TXJeff
Sun Jun 16, 2019 7:52 am
Forum: Investing - Theory, News & General
Topic: [Deleted]
Replies: 34
Views: 6268

Re: Attention retirement savers: college 529 plans aren't just for kids

Good to know! Also, many universities and colleges let people 65+ audit classes for free, or for a small fee. Some even have special tuition waivers for this age group, so you take the class for credit--no cost. Example is the University of Texas system. (scroll way down the page) https://catalog.ut...
by TXJeff
Mon May 27, 2019 7:45 am
Forum: Personal Consumer Issues
Topic: Three days In Montreal
Replies: 21
Views: 1658

Re: Three days In Montreal

This popular and unique Montreal show has been a huge hit with a variety of my friends/relatives/acquaintances:

https://www.aurabasiliquemontreal.com/en/#top Scroll down to the video. As you watch it, imagine how awesome it is to be right in the middle of that space during the show!
by TXJeff
Mon May 27, 2019 7:27 am
Forum: US Chapters
Topic: Retiredjg at 36,000 posts!
Replies: 34
Views: 3095

Re: Retiredjg at 36,000 posts!

Retirejg has helped me a few times. Thanks for the advice and encouragement!
by TXJeff
Tue May 21, 2019 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Postponing Roth Conversion & receive a larger ACA subsidy
Replies: 22
Views: 1221

Re: Postponing Roth Conversion & receive a larger ACA subsidy

I asked this a couple months ago. Got a range of advice: max out Roth conversions; max out ACA subsidy; balance the two. All the advice was helpful. My conclusion--you need to 1) understand all the inputs and outputs; 2) consider the details of your own scenario and 3) be clear about your larger goa...
by TXJeff
Tue May 14, 2019 12:21 pm
Forum: Personal Investments
Topic: 56 Retired, Just Widowed, Need $$ Overhaul Assistance Please
Replies: 18
Views: 4103

Re: 56 Retired, Just Widowed, Need $$ Overhaul Assistance Please

Please tell us how you came up with the $1200/month health insurance cost. You can probably get good coverage for much less. I just went onto the ACA website. Your OP says you are in Florida. For a 56 year old female in Tampa Florida, for example, with a $24,000 per year income, the monthly premium ...
by TXJeff
Fri Apr 26, 2019 9:48 am
Forum: Personal Consumer Issues
Topic: Living Overseas for 4 Months/Year for Regional Travel (Retirement)
Replies: 75
Views: 5975

Re: Living Overseas for 4 Months/Year for Regional Travel (Retirement)

Maybe the routine medical problems can be handled better in Singapore or Thailand. But how about the more serious things like cancers and heart problems? They can treat all of those things in Thailand & Singapore, too. I know a few people who've had heart surgery in Thailand. I based myself in Thai...
by TXJeff
Tue Apr 23, 2019 11:26 am
Forum: Personal Consumer Issues
Topic: Living Overseas for 4 Months/Year for Regional Travel (Retirement)
Replies: 75
Views: 5975

Re: Living Overseas for 4 Months/Year for Regional Travel (Retirement)

Has anyone else thought or done something like this? Any other negatives with this approach? Retired a couple of years ago, and I do this—with a twist. I don’t simply go to places where I want to travel—I go to places where I can uniquely pursue “bucket list” interests. For example, based myself in...
by TXJeff
Wed Mar 20, 2019 9:49 am
Forum: Personal Consumer Issues
Topic: Travel Insurance for Visiting the U.S.
Replies: 7
Views: 558

Re: Travel Insurance for Visiting the U.S.

I've used World Nomads travel insurance for many trips. They do cover the US. Always a good experience, including a making a claim.
https://www.worldnomads.com/
by TXJeff
Fri Mar 08, 2019 6:52 am
Forum: Personal Consumer Issues
Topic: attacked by off-leash dog
Replies: 220
Views: 8706

Re: attacked by off-leash dog

Here are some of my questions: -How to protect yourself when attacked by dog? How to minimize the chances of being attacked? I was taking a walk by myself and was not interacting with the dog in anyway. Thanks! TO PREVENT A DOG ATTACK Learn a little about canine behavior and “body language” to tell...
by TXJeff
Tue Feb 26, 2019 8:03 am
Forum: Personal Investments
Topic: Portfolio Check Up: fund placement and tax efficiency
Replies: 57
Views: 3155

Re: Portfolio Check Up: fund placement and tax efficiency

I think it really comes down to what you think your marginal rate is going to be when your RMDs hit. Any conversions you do now, factoring in the ACA loss of subsidy is really being taxed at a marginal rate of 22%. If you think your marginal rate will be at that or higher once SS and RMD hits you, ...
by TXJeff
Mon Feb 25, 2019 2:16 pm
Forum: Personal Investments
Topic: Portfolio Check Up: fund placement and tax efficiency
Replies: 57
Views: 3155

Re: Portfolio Check Up: fund placement and tax efficiency

ACA and ROTH Thru age 65, convert $162,000, lumping conversions into 6 years $27,000 per year. Tax is $2,700 per year. Total tax is $16,200. Age 65-70, convert $260,000 lumping conversions into 4 years at $65,000 per year to stay under IRMAA. Tax is $12,500 per year. Total tax is $50,000. ACA subsi...
by TXJeff
Mon Feb 25, 2019 11:15 am
Forum: Personal Investments
Topic: Portfolio Check Up: fund placement and tax efficiency
Replies: 57
Views: 3155

Re: Portfolio Check Up: fund placement and tax efficiency

Comments are in a random order: How important is it to you to stay under a limit to get ACA subsidies? What is the number you need to stay under? For 2019, I need to stay under $48,000. Subsidy at that amount is just under $4,000. Note that in the taxable account, some of those individual holdings ...
by TXJeff
Fri Feb 15, 2019 7:36 am
Forum: Personal Investments
Topic: Portfolio Check Up: fund placement and tax efficiency
Replies: 57
Views: 3155

Re: Portfolio Check Up: fund placement and tax efficiency

Have you made any decisions about getting rid of some of the positions in your portfolio? It is unnecessarily complex as you have already noticed. And if you wish to tax loss harvest, I'd put all the international into the taxable account and not use total stock in either IRA. In fact, for that Rot...
by TXJeff
Fri Feb 15, 2019 7:11 am
Forum: Personal Investments
Topic: Portfolio Check Up: fund placement and tax efficiency
Replies: 57
Views: 3155

Re: Portfolio Check Up: fund placement and tax efficiency

I think you might be thinking about this the wrong way. The OP can't get the $2,700 back by not taking the subsidy. If he goes over the cliff, he loses BOTH the $2,700 AND the $4k. Maybe a better way to think about it is that if he did not do the Roth conversion (right up to the cliff), he would ac...
by TXJeff
Thu Feb 14, 2019 5:56 am
Forum: Personal Investments
Topic: Portfolio Check Up: fund placement and tax efficiency
Replies: 57
Views: 3155

Re: Portfolio Check Up: fund placement and tax efficiency

Good question. I am tax driven, but not ACA-subsidy only driven. Here is how I came up with that multi-year strategy: At retirement, I realized I didn’t understand much about the mechanics of living off a portfolio. Read a lot, and waded into the abyss of ACA subsidies, ROTH conversions, SS tax per...
by TXJeff
Wed Feb 13, 2019 12:30 pm
Forum: Personal Investments
Topic: Portfolio Check Up: fund placement and tax efficiency
Replies: 57
Views: 3155

Re: Portfolio Check Up: fund placement and tax efficiency

Note: I realize that technically the individual stocks are probably the biggest portfolio threat, but there, I am executing a well-thought out, multi-year strategy, and I am completely comfortable. No wincing! Before I head into ideas for bigger changes, what is your well-thought out multi year str...
by TXJeff
Wed Feb 13, 2019 8:12 am
Forum: Personal Investments
Topic: Portfolio Check Up: fund placement and tax efficiency
Replies: 57
Views: 3155

Re: Portfolio Check Up: fund placement and tax efficiency

Note: I realize that technically the individual stocks are probably the biggest portfolio threat, but there, I am executing a well-thought out, multi-year strategy, and I am completely comfortable. No wincing! Before I head into ideas for bigger changes, what is your well-thought out multi year str...
by TXJeff
Wed Feb 13, 2019 5:33 am
Forum: Personal Investments
Topic: Portfolio Check Up: fund placement and tax efficiency
Replies: 57
Views: 3155

Re: Portfolio Check Up: fund placement and tax efficiency

I'm going to go ahead and get some thoughts written down before I forget them. I'm largely in agreement with aristotelian's thoughts except for one thing. I would not convert all of the IRA to Roth (probably only half) and to me that is a second priority, not the first. 1) Liquidate your entire IRA...
by TXJeff
Tue Feb 12, 2019 3:03 pm
Forum: Personal Investments
Topic: Portfolio Check Up: fund placement and tax efficiency
Replies: 57
Views: 3155

Re: Portfolio Check Up: fund placement and tax efficiency

Note: I realize that technically the individual stocks are probably the biggest portfolio threat, but there, I am executing a well-thought out, multi-year strategy, and I am completely comfortable. No wincing! Before I head into ideas for bigger changes, what is your well-thought out multi year str...
by TXJeff
Tue Feb 12, 2019 2:48 pm
Forum: Personal Investments
Topic: Portfolio Check Up: fund placement and tax efficiency
Replies: 57
Views: 3155

Re: Portfolio Check Up: fund placement and tax efficiency

How important is it to you to stay under a limit to get ACA subsidies? What is the number you need to stay under? For 2019, I need to stay under $48,000. Subsidy at that amount is just under $4,000. Note that in the taxable account, some of those individual holdings are non-dividend stocks. Early e...
by TXJeff
Tue Feb 12, 2019 12:53 pm
Forum: Personal Investments
Topic: Portfolio Check Up: fund placement and tax efficiency
Replies: 57
Views: 3155

Re: Portfolio Check Up: fund placement and tax efficiency

Ok, same question, but different emphasis - what is the greatest weakness or threat of the portfolio itself? When you look at it, which account or which holding(s) causes you to wince or worry a little bit? For me, I wince a little about fixed income. As I mentioned in my original question 1, the m...
by TXJeff
Tue Feb 12, 2019 12:18 pm
Forum: Personal Investments
Topic: Portfolio Check Up: fund placement and tax efficiency
Replies: 57
Views: 3155

Re: Portfolio Check Up: fund placement and tax efficiency

What do you consider the biggest threat or weakness in the portfolio? What makes you most anxious? I think the biggest threat/weakness is my limited knowledge. For example, in late 2017 and early 2018, I followed the BH wiki to place newly purchased Total International index funds in ROTH and in ta...
by TXJeff
Tue Feb 12, 2019 11:43 am
Forum: Personal Investments
Topic: Portfolio Check Up: fund placement and tax efficiency
Replies: 57
Views: 3155

Re: Portfolio Check Up: fund placement and tax efficiency

retiredjg wrote:
Tue Feb 12, 2019 11:38 am
TXJeff wrote:
Tue Feb 12, 2019 11:22 am
retiredjg wrote:
Tue Feb 12, 2019 10:27 am
How many custodians are involved in this portfolio?
I am managing it myself, via one brokerage.
I assume that is at Schwab? Are you paying any transaction fees to buy the non-Schwab ETFs?
Yes, held at Schwab. I have several years of free trades on non-Schwab etf's.
by TXJeff
Tue Feb 12, 2019 11:30 am
Forum: Personal Investments
Topic: Portfolio Check Up: fund placement and tax efficiency
Replies: 57
Views: 3155

Re: Portfolio Check Up: fund placement and tax efficiency

First, congratulations on all the progress you have made! 6. The portfolio still seems a long way from the simple, efficient Boglehead 3-fund. Any other suggestions? It is unclear to me what type of portfolio you want. Your first questions are all about the trees, not the forest. Only the last ques...
by TXJeff
Tue Feb 12, 2019 11:23 am
Forum: Personal Investments
Topic: Portfolio Check Up: fund placement and tax efficiency
Replies: 57
Views: 3155

Re: Portfolio Check Up: fund placement and tax efficiency

retiredjg wrote:
Tue Feb 12, 2019 10:35 am
I want to be sure I understand what you told us.

I am interpreting 15%: large cap growth, retail (99.7% long term cap. gains) as 1 stock worth about $300k+ and essentially all that $300k+ is long term capital gains.
Exactly.
by TXJeff
Tue Feb 12, 2019 11:22 am
Forum: Personal Investments
Topic: Portfolio Check Up: fund placement and tax efficiency
Replies: 57
Views: 3155

Re: Portfolio Check Up: fund placement and tax efficiency

retiredjg wrote:
Tue Feb 12, 2019 10:27 am
How many custodians are involved in this portfolio?
I am managing it myself, via one brokerage.
by TXJeff
Tue Feb 12, 2019 5:51 am
Forum: Personal Investments
Topic: Portfolio Check Up: fund placement and tax efficiency
Replies: 57
Views: 3155

Re: Portfolio Check Up

Questions 1. Fixed income in IRA: After selling all individual stocks in IRA, I split proceeds between BND, BIV and CD’s, and continued reading/researching for a final fixed income plan. But I’m not any clearer now. It seems like some would recommend just BND, while others would suggest fund combin...
by TXJeff
Mon Feb 11, 2019 6:47 am
Forum: Personal Investments
Topic: Portfolio Check Up: fund placement and tax efficiency
Replies: 57
Views: 3155

Portfolio Check Up: fund placement and tax efficiency

UPDATE: the end of this thread turned into a discussion of if/how to balance ACA subsidies and ROTH conversions, given a highly appreciated taxable portfolio. I used the advice from posts and follow up PM’s to add a post showing how different options stack up. Many thanks to Celia, retiredjg and th...
by TXJeff
Tue Nov 06, 2018 1:21 pm
Forum: Personal Consumer Issues
Topic: Christmas in Montreal?
Replies: 8
Views: 684

Re: Christmas in Montreal?

My husband and I are deciding where to spend Christmas and the idea of Montreal was suggested. Anyone with experience spending the holiday there? We would stay downtown or in Old Montreal and do the holiday markets, museums, see the churches, ride the wheel, etc. Not sure of appropriate length of s...
by TXJeff
Fri Nov 02, 2018 8:34 am
Forum: Personal Investments
Topic: Too much risk in this retirement draw down plan?
Replies: 21
Views: 2145

Re: Too much risk in this retirement draw down plan?

Maybe I am missing something. Can you explain what you mean by "Free Roth Conversions". Those conversions are treated as ordinary income, subject to the marginal tax rate, additionally, since you also mention aca tax credits in the same years as the Roth conversions, then there is an additional 9.5...
by TXJeff
Thu Nov 01, 2018 7:09 pm
Forum: Personal Investments
Topic: Too much risk in this retirement draw down plan?
Replies: 21
Views: 2145

Re: Too much risk in this retirement draw down plan?

I am suggesting that you maintain your allocation except for withdrawals in small increments. You should certainly do your distributions and realized gains in whatever is the most tax efficient way. Thanks for this. It clarifies for me that sometimes "withdrawals in small increments" and "distribut...
by TXJeff
Thu Nov 01, 2018 5:52 pm
Forum: Personal Investments
Topic: Too much risk in this retirement draw down plan?
Replies: 21
Views: 2145

Re: Too much risk in this retirement draw down plan?

But what about next time? Is this concentrated sales strategy adding risk? And if so, how would you assess the risk? I don't understand how this necessarily adds risk? You don't talk about your asset allocation. The act or realizing a gain or loss doesn't necessarily imply more "risk" to me. If I s...
by TXJeff
Thu Nov 01, 2018 5:35 pm
Forum: Personal Investments
Topic: Too much risk in this retirement draw down plan?
Replies: 21
Views: 2145

Re: Too much risk in this retirement draw down plan?

I think it makes conceptual sense to lump capital gains into a year when you aren't going to do Roth conversions. That will keep your income down and either reduce the margin tax rate on conversions or allow you to convert more. You will lose some time in the market which may or may not have some l...
by TXJeff
Thu Nov 01, 2018 1:29 pm
Forum: Personal Investments
Topic: Too much risk in this retirement draw down plan?
Replies: 21
Views: 2145

Re: Too much risk in this retirement draw down plan?

Seems like the inverse of the question people have whether to invest a lump sum or dollar cost average. The reason the conventional wisdom is for lump sum is that with markets generally going up, probabilities favor staying fully invested. The same logic would seem to argue against the big withdraw...
by TXJeff
Thu Nov 01, 2018 1:18 pm
Forum: Personal Investments
Topic: Too much risk in this retirement draw down plan?
Replies: 21
Views: 2145

Re: Too much risk in this retirement draw down plan?

Maybe some background about my thinking will help: I found I couldn't use the popular retirement draw down tools, because they had baked in assumptions, unchangeable, that were so different from my situation. So I started researching draw down methods, the different taxes that would apply, etc. I sa...
by TXJeff
Thu Nov 01, 2018 1:10 pm
Forum: Personal Investments
Topic: Too much risk in this retirement draw down plan?
Replies: 21
Views: 2145

Re: Too much risk in this retirement draw down plan?

I must be missing something: how does bulking the selloffs from your taxable account provide a sweet spot for Roth conversions? Sales of appreciated assets from a taxable account are subject to capital gains tax, not income tax. Roth conversions are subject to income tax. You can do both in the sam...
by TXJeff
Thu Nov 01, 2018 12:42 pm
Forum: Personal Investments
Topic: Too much risk in this retirement draw down plan?
Replies: 21
Views: 2145

Too much risk in this retirement draw down plan?

Hello! 57 year old, with a $2 million plus portfolio. Early retiree as of last year. I use the inflation adjusted constant dollar withdrawal method: $65K for 2018. No pension, but will have social security. Asset allocation is 60/40 with 1/4 of portolio in IRA, the rest in taxable--so I have signifi...
by TXJeff
Mon Sep 17, 2018 10:15 am
Forum: Personal Investments
Topic: Simplyfing a Portfolio - Looking for Advice
Replies: 11
Views: 1400

Re: Simplyfing a Portfolio - Looking for Advice

To answer your other question - I am contemplating early-retirement, or at least a job change to something I find interesting and the pay can be secondary consideration. Today, I earn a very good salary, but the stress is high and hours can be brutal. Over the last two years my frustration level ha...
by TXJeff
Sun Sep 16, 2018 9:50 am
Forum: Personal Investments
Topic: Simplyfing a Portfolio - Looking for Advice
Replies: 11
Views: 1400

Re: Simplyfing a Portfolio - Looking for Advice

This portfolio is actually not too bad. The IRA and ROTH funds can be changed without tax implications. That’s just a research project for you. In the taxable, there are two issues: expense ratio, and holdings that are “off track” for your new total market index approach. If it were me, I’d look at ...
by TXJeff
Fri Sep 14, 2018 11:28 am
Forum: Personal Investments
Topic: How to overcome regrets/fears?
Replies: 15
Views: 1989

Re: How to overcome regrets/fears?

I’m also recently recovered from trying to beat the market and invest in individual stocks. What helped me was first, reading a couple of the Boglehead recommended books, then creating an Investment Policy Statement. Book list here: https://www.bogleheads.org/wiki/Books:_recommendations_and_reviews ...
by TXJeff
Wed Sep 12, 2018 10:24 am
Forum: Personal Finance (Not Investing)
Topic: My daughter's inheritance.
Replies: 85
Views: 13052

Re: My daughter's inheritance.

One other question I forgot to ask. If I go the multiple CD route for now, how do I go about this with multiple banks? The estate account ended up being invested in CDs by the financial advisor I mentioned earlier (She is a friend of the estate attorney's and that is how I got connected with Edward...