Search found 37 matches

by AlmstRtrd
Fri Sep 07, 2018 11:08 am
Forum: Investing - Theory, News & General
Topic: Lessons from the financial crisis (Pisani, CNBC)
Replies: 52
Views: 4978

Re: Lessons from the financial crisis (Pisani, CNBC)

I don't understand this from the bullet points at the top of the article:

"The financial crisis started as what seemed like a minor issue — the failure of the subprime mortgage industry."

How is that "a minor issue"?
by AlmstRtrd
Thu Aug 16, 2018 12:20 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401k / TD Ameritrade
Replies: 21
Views: 961

Re: Solo 401k / TD Ameritrade

I too have both a Solo 401(k) and a Solo 410(k) Roth with TDA. I tried to set up these two accounts with Fidelity in 2014 when both my wife and I started them, but Fido didn't (and still does not) offer the Solo 401(k) Roth option. Does anyone know why this is? I plead with them about once a year to...
by AlmstRtrd
Thu Aug 16, 2018 11:28 am
Forum: Personal Finance (Not Investing)
Topic: SS benefits and work history question
Replies: 6
Views: 540

Re: SS benefits and work history question

Just wanted to add... Not many people can control exactly when they have income, but for SS (due to the inflation indexing factors) it helps for the earnings to be at the beginning of one's working life as opposed to at the end. So, if, for example, you and your wife were weighing when it would math...
by AlmstRtrd
Sun Aug 12, 2018 11:29 am
Forum: Investing - Help with Personal Investments
Topic: Old dog needs to learn to manage his investments
Replies: 60
Views: 5410

Re: Old dog needs to learn to manage his investments

One of the members on here posted this awesome Social Security tool recently: https://socialsecurity.tools It's an updated version that allows one to also calculate potential spousal benefits. At age 58 it's not too early to at least get a rough idea of what your claiming strategy is likely to be. M...
by AlmstRtrd
Mon Aug 06, 2018 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: SocialSecurity.tools updated to include spousal benefits
Replies: 51
Views: 4687

Re: SocialSecurity.tools updated to include spousal benefits

gregable, Many thanks for developing and sharing this!!! My wife got a late start with working in this country as she immigrated from China and only has earnings since the early 2000s. I always knew that the SSA numbers that assume certain wages for a certain number of additional years were misleadi...
by AlmstRtrd
Sun Aug 05, 2018 6:48 am
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 15456

Re: Will you pay for your kids' college/graduate education?

Just wanted to add that when a school makes a financial aid offer to a student, they often expect for the student (or, more likely their parents) to appeal that offer. When our daughter received her first offer, we appealed and she was offered another $2,000 per year in grant money. That money was n...
by AlmstRtrd
Sat Aug 04, 2018 7:27 am
Forum: Investing - Help with Personal Investments
Topic: 20 year old looking for advice
Replies: 10
Views: 626

Re: 20 year old looking for advice

9898, Just to be super clear, did you max out your Roth for 2017 or have you already done so for 2018? If you have just done it for 2017, you can now start contributing for 2018 if you know for sure that you will earn more than $5,500 this year. Most people (in real life, not on this forum) wait unt...
by AlmstRtrd
Fri Aug 03, 2018 11:14 am
Forum: Investing - Help with Personal Investments
Topic: Time to invest in Fidelity's new zero fee funds?
Replies: 70
Views: 4184

Re: Time to invest in Fidelity's new zero fee funds?

Just checked and our FUSVX and FSTVX positions with Fido are showing a new expense ratio of 0.015.
by AlmstRtrd
Fri Aug 03, 2018 8:06 am
Forum: Investing - Help with Personal Investments
Topic: Advice for My Parent's Retirement Account (too much cash!)
Replies: 12
Views: 1864

Re: Advice for My Parent's Retirement Account (too much cash!)

I don't know much about Vanguard (others on here certainly do!!) but Fidelity is super easy to do business with. At age 59.8 I have only just recently retired and I have a similarly large allocation to cash. It is invested in a one-year T-Bill ladder. My reasoning is that I want to let my other inve...
by AlmstRtrd
Thu Jul 19, 2018 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: Savings bond bought
Replies: 3
Views: 342

Re: Savings bond bought

Two things to consider... I have some EE bonds of the same vintage (purchased in 1992 or thereabouts). Check your bond values online on the Treasury Direct Savings Bond Calculator and I think you'll notice that they are still paying 4% interest. That's pretty darn good for a fixed-income, tax-deferr...
by AlmstRtrd
Sat Jun 23, 2018 7:12 pm
Forum: Investing - Help with Personal Investments
Topic: Need 3% Steady Income from $1.1 Mil Nest Egg
Replies: 30
Views: 4425

Re: Need 3% Steady Income from $1.1 Mil Nest Egg

cameraman, I see at least one other poster has mentioned Social Security. Do you have a claiming plan for both you and your wife for SS? That could make a huge difference in your calculations. And have you run any simulations using the ORP calculator? It's a terrific tool. That link is: https://www....
by AlmstRtrd
Wed May 30, 2018 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Can we retire in 2018?
Replies: 103
Views: 9040

Re: Can we retire in 2018?

Age: 56 , wife: 53 Finances: 401k: 486,000 IRA: 593,000 Roth IRA (me): 104,000 Roth IRA (wife): 53,000 Brokerage: 50,000 HSA: 25,000 Emergency fund: 218,000 Total: 1,529,000 Several posters have suggested Roth conversions but it looks to me that with approximately $268,000 in your e-fund and broker...
by AlmstRtrd
Wed May 30, 2018 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Odd 529 Question
Replies: 8
Views: 985

Re: Odd 529 Question

Also worth knowing— you can change the account’s beneficiary, and moreover you can even change the account owner. I’ve done both multiple times. For example changing the beneficiary from me to whichever child needs the funds, or splitting an account so that half becomes a new account owned by my sp...
by AlmstRtrd
Tue May 29, 2018 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Odd 529 Question
Replies: 8
Views: 985

Re: Odd 529 Question

Also worth knowing— you can change the account’s beneficiary, and moreover you can even change the account owner. I’ve done both multiple times. For example changing the beneficiary from me to whichever child needs the funds, or splitting an account so that half becomes a new account owned by my sp...
by AlmstRtrd
Tue May 29, 2018 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Odd 529 Question
Replies: 8
Views: 985

Re: Odd 529 Question

https://www.irs.gov/newsroom/529-plans-questions-and-answers Per the IRS : Q. Can anyone set up a 529 plan? A. Yes. You can set one up and name anyone as a beneficiary — a relative, a friend, even yourself I don't see a problem so stay happily unmarried ;-) Ah, right... now I remember! That's in th...
by AlmstRtrd
Tue May 29, 2018 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Odd 529 Question
Replies: 8
Views: 985

Odd 529 Question

Hello All, This is for all you tax/college experts... I have money in a 529 intended for use by my girlfriend's daughter. If we are not married (me and my girlfriend, that it!) by the time I make a payment from these funds, do I give up the tax advantages? I know it's an unusual situation but NOT be...
by AlmstRtrd
Mon May 28, 2018 7:44 pm
Forum: Investing - Help with Personal Investments
Topic: 1.6 M Portfolio
Replies: 23
Views: 4533

Re: 1.6 M Portfolio

1,000,000 + 60,000 + 240,000 + 400,000 is actually 1.7 million. I'd be happy if I suddenly realized I had an extra $100,000!

And that's not even including your $30,000 in the e-fund.
by AlmstRtrd
Thu May 24, 2018 4:43 pm
Forum: Investing - Theory, News & General
Topic: Is Precious Metal Equity a better diversifier than emerging market equity for US investors?
Replies: 34
Views: 2256

Re: Is Precious Metal Equity a better diversifier than emerging market equity for US investors?

It doesn't say anything about emerging markets but I think this article about gold as a diversifier from portfoliocharts.com is excellent: https://portfoliocharts.com/2016/01/25/how-to-build-a-portfolio-one-asset-at-a-time/ In general, though it has a low long-term return, gold tends to do well when...
by AlmstRtrd
Thu May 24, 2018 2:06 pm
Forum: Investing - Theory, News & General
Topic: Help me understand zero coupon bonds
Replies: 11
Views: 938

Re: Help me understand zero coupon bonds

And someone correct me if I am wrong, but I believe when buying zeros in small lots, one wouldn't actually get the full 2.09% on those.

And a follow up question... Is there a difference worth considering when buying zeros at auction versus on the secondary market?
by AlmstRtrd
Mon May 14, 2018 4:08 pm
Forum: Personal Consumer Issues
Topic: [Update] Grand Canyon or other Nat'l Park in October?
Replies: 49
Views: 3409

Re: Grand Canyon or other Nat'l Park in October?

Agree with others that a couple extra days on the ground would be great. Here's what my daughter and I did in March of 2017: Day 1 - Flew NYC to Phoenix & stayed in Flagstaff (Sedona would be better) for two nights. Day 2 - Did a long day hike in Sedona Day 3 - Drove all the way to Bryce and did a w...
by AlmstRtrd
Sun Apr 15, 2018 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: EE Bonds Education/Tax Question
Replies: 3
Views: 320

Re: EE Bonds Education/Tax Question

Mel Lindauer wrote:
Sun Apr 15, 2018 3:06 pm
Unless she's your dependent, I don't see how you'd be able to use them tax-free for qualifying educational expenses.
Well, my then wife and I would be married and filing a joint return starting this year. She would be claimed as a dependent on our tax return, right?
by AlmstRtrd
Sun Apr 15, 2018 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: EE Bonds Education/Tax Question
Replies: 3
Views: 320

EE Bonds Education/Tax Question

I have a bunch of EE Bonds that mature between 2021 and 2023. My longtime girlfriend and I plan to get married later this year. Her daughter is currently in year two of college and may well be in grad school during the above-mentioned years. Can I potentially qualify for the tax-free status on these...
by AlmstRtrd
Thu Jan 25, 2018 12:29 pm
Forum: Investing - Theory, News & General
Topic: Dalio says bonds have entered a bear market
Replies: 96
Views: 10762

Re: Dalio says bonds have entered a bear market

The link in question is at best poor journalism and, more fairly, just deliberately misleading. The Dalio interview is almost a year old (I've seen it uploaded to Youtube as early as March of 2017). Also, the 1% rise in rates that Dalio spoke about already happened , at least on the 30-year bond. On...
by AlmstRtrd
Mon Jan 08, 2018 6:33 pm
Forum: Investing - Theory, News & General
Topic: Memo to those who have won the game: it's time to quit playing
Replies: 211
Views: 21444

Re: Memo to those who have won the game: it's time to quit playing

Here's Bernstein's article from the WSJ from 1/19/15 https://www.wsj.com/articles/how-to-tell-if-your-retirement-nest-egg-is-big-enough-1421726456 Lots of good posts in this thread but I thought it made sense to at least post what Bernstein was recommending (and, no, it wasn't getting out of stocks...
by AlmstRtrd
Mon Jan 08, 2018 5:45 pm
Forum: Investing - Theory, News & General
Topic: Memo to those who have won the game: it's time to quit playing
Replies: 211
Views: 21444

Re: Memo to those who have won the game: it's time to quit playing

Here's Bernstein's article from the WSJ from 1/19/15 https://www.wsj.com/articles/how-to-tell-if-your-retirement-nest-egg-is-big-enough-1421726456 Lots of good posts in this thread but I thought it made sense to at least post what Bernstein was recommending (and, no, it wasn't getting out of stocks ...
by AlmstRtrd
Sat Dec 30, 2017 11:05 am
Forum: Personal Finance (Not Investing)
Topic: How can you calculate your own tax liability?
Replies: 7
Views: 1243

Re: How can you calculate your own tax liability?

You are not taking into account deductions -- try actually doing your taxes. I did my own taxes by hand and created a spreadsheet which helps me keep up to date on my tax situation as well as my estimated payments. Not only are you not taking deductions into account, it doesn't look like you are ta...
by AlmstRtrd
Sat Dec 30, 2017 7:53 am
Forum: Investing - Theory, News & General
Topic: Tax Law Sunset 2025 - Roth vs Traditional
Replies: 90
Views: 8684

Re: Tax Law Sunset 2025 - Roth vs Traditional

As the policy of the forum is to only evaluate financial decisions based upon actual current tax law, I would assume this would mean when evaluating Roth vs Traditional, for those retiring beyond 2025 the applicable comparison will be today's lower rates vs higher income tax rates in retirement? Gi...
by AlmstRtrd
Thu Dec 28, 2017 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: General question on college savings
Replies: 60
Views: 3188

Re: General question on college savings

I think you are over analyzing the AA in trying to make it match what you currently have set up. Check out this link for the New York 529 plan: https://www.nysaves.org/home/which-investments/age-based-options.html We started saving when our daughter was nine years old. We chose the "aggressive age-b...
by AlmstRtrd
Thu Dec 28, 2017 7:47 am
Forum: Personal Finance (Not Investing)
Topic: How can you calculate your own tax liability?
Replies: 7
Views: 1243

Re: How can you calculate your own tax liability?

You are not taking into account deductions -- try actually doing your taxes. I did my own taxes by hand and created a spreadsheet which helps me keep up to date on my tax situation as well as my estimated payments. Not only are you not taking deductions into account, it doesn't look like you are ta...
by AlmstRtrd
Mon Dec 25, 2017 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Explain the new tax bill 12% bracket to me
Replies: 18
Views: 3774

Re: Explain the new tax bill 12% bracket to me

One thing to consider is how large your tIRA is, how much you eventually want to convert, and whether you will have sufficient room in the 12% bracket over the next few years to do all that you want to do. If so, you could probably bypass this year at 15%. If not, it is still a good deal at that ra...
by AlmstRtrd
Sun Dec 24, 2017 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Explain the new tax bill 12% bracket to me
Replies: 18
Views: 3774

Re: Explain the new tax bill 12% bracket to me

You do not need to be 59.5 to do conversions. Start as soon as you are in what you think will be a low tax bracket for you. If you are in the 15% bracket now, convert up to just under the top of that bracket assuming there is no negative consequence somewhere else. But I would get hit with a 10% ea...
by AlmstRtrd
Sun Dec 24, 2017 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Explain the new tax bill 12% bracket to me
Replies: 18
Views: 3774

Re: Explain the new tax bill 12% bracket to me

I hadn't heard about the 12% bracket yet. I'll be retiring in 2018 and also hitting age 59.5 so I'll be able to start doing Roth conversions. iORP suggests that I should be rather aggressive with my conversions (don't know if it's been updated with the new brackets yet) and I've been unsure as to w...
by AlmstRtrd
Sun Dec 24, 2017 8:39 am
Forum: Investing - Theory, News & General
Topic: Not investing through your 30's
Replies: 60
Views: 6595

Re: Not investing through your 30's

I suppose my justification would be that once you hit 40 your income would be higher allowing you to invest more than you would through your 30's. In addition to this it sounds cliche but we do only live once. The thought of stashing away all this income to have when I'm 65 does not align with my t...
by AlmstRtrd
Sun Dec 24, 2017 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Explain the new tax bill 12% bracket to me
Replies: 18
Views: 3774

Re: Explain the new tax bill 12% bracket to me

I hadn't heard about the 12% bracket yet. I'll be retiring in 2018 and also hitting age 59.5 so I'll be able to start doing Roth conversions. iORP suggests that I should be rather aggressive with my conversions (don't know if it's been updated with the new brackets yet) and I've been unsure as to wh...
by AlmstRtrd
Thu Dec 21, 2017 8:25 am
Forum: Investing - Help with Personal Investments
Topic: Just downsized at age 60...input appreciated
Replies: 56
Views: 5865

Re: Downsized at age 60. Input appreciated.

As others have said, you are in a good position with your assets and that pension. With that in mind I would consider delaying SS until age 70 because of the the 8% annual increases between FRA and when you turn 70. I'm not an expert but do keep in mind that your spouse could outlive you. So, if pos...
by AlmstRtrd
Fri Dec 08, 2017 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: help me predict investment return of my kid's IRA
Replies: 17
Views: 1136

Re: help me predict investment return of my kid's IRA

I did something similar for our daughter earlier this year as she had earned income in 2016. I think at this point there are at least a couple of lessons your kids could grasp that are valuable. One is the rule of 72. You can play around with several rates of return and see where that gets them in 4...
by AlmstRtrd
Fri Dec 08, 2017 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: 840 credit score Million dollar farm.. low income cannot get Heloc?
Replies: 64
Views: 5415

Re: 840 credit score Million dollar farm.. low income cannot get Heloc?

I was in a very similar position about a year ago. What the bank is likely looking at is your friend's income to debt ratio if it gives him the HELOC. My situation was that I needed cash flow for about 18 months while I was waiting for a favorable time (in terms of price and taxes) to sell a home. I...