Search found 198 matches

by McDougal
Wed Nov 25, 2020 11:35 am
Forum: Investing - Theory, News & General
Topic: 2021 retirement portfolio ?
Replies: 54
Views: 3533

Re: 2021 retirement portfolio ?

What is your portfolio asset allocation and diversification for 2021 Like always, as a retiree I keep all the money I think I will ever need in very conservative fixed income and gamble the rest in the stock market. I ignore asset allocation percentages. and what kind of returns are you expecting? ...
by McDougal
Wed Nov 25, 2020 11:12 am
Forum: Investing - Theory, News & General
Topic: 2021 retirement portfolio ?
Replies: 54
Views: 3533

Re: 2021 retirement portfolio ?

What is your portfolio asset allocation and diversification for 2021 Like always, as a retiree I keep all the money I think I will ever need in very conservative fixed income and gamble the rest in the stock market. I ignore asset allocation percentages. and what kind of returns are you expecting? ...
by McDougal
Fri Nov 20, 2020 12:09 pm
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1764
Views: 147970

Re: Coronavirus (Consumer Issues) How you are preparing?

The panic buying reminds me of the mid 70’s. Waiting in long lines on a day of the week based on your license plate number to buy a gallon or two of gasoline!
by McDougal
Wed Nov 18, 2020 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Mistake with Backdoor Roth
Replies: 7
Views: 507

Re: Mistake with Backdoor Roth

My wife just told me this week that she remembered that she had a decades old IRA at TD Ameritrade that was opened by her parents. She had earned income from working in her father’s office as a teenager and contributed everything she earned over a few years to the IRA. Wouldn't your wife have recei...
by McDougal
Mon Nov 16, 2020 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Wait until 70 to take social security?
Replies: 79
Views: 7815

Re: Wait until 70 to take social security?

I retired and started SS @ age 64, later converted to age 65. What does "converted" mean her? When I ran the calculations the breakeven point was right at age 78 and 9 months. The overall total received was not a breakeven until much later, in the 90's as I recall. What does "overall...
by McDougal
Tue Nov 10, 2020 5:23 pm
Forum: Personal Investments
Topic: Procedural Question - Roth
Replies: 10
Views: 697

Re: Procedural Question - Roth

I was planning to again contribute $7,000 in 2021 for the 2020 year for my wife's Backdoor Roth, and another $7,000 for my Backdoor Roth. Am I precluded from doing so for my wife's Backdoor Roth now that we rolled over her 401k to an IRA in 2020? No you are not precluded from doing this. But that d...
by McDougal
Tue Nov 10, 2020 4:51 pm
Forum: Personal Investments
Topic: Procedural Question - Roth
Replies: 10
Views: 697

Re: Procedural Question - Roth

I have invested in Backdoor Roth for the past 5 years, one for me and the other my wife. I retired in June of 2020 (so I have six months of earnings in 2020) and recently rollover my wife's 401k into an Individual IRA. I do not have an Individual IRA only a 401k, and a Backdoor Roth. Can you do a b...
by McDougal
Sun Nov 08, 2020 7:10 am
Forum: Investing - Theory, News & General
Topic: improving the 4% rule and solving the starting point paradox
Replies: 67
Views: 7604

Re: improving the 4% rule and solving the starting point paradox

JustinR wrote: Sun Nov 08, 2020 2:25 am Can somone do an "explain like I'm 5" summary for each of the withdrawal strategy variants?
I'm in the same club as JustinR :confused
by McDougal
Sat Oct 31, 2020 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Father died intestate - sibling executor is estate attorney on power trip
Replies: 57
Views: 5406

Re: Father died intestate - sibling executor is estate attorney on power trip

IANAL but with no will, how is she the executor? May depend on the state, and several other factors. You may end up in court.
by McDougal
Sat Oct 31, 2020 8:11 am
Forum: Personal Consumer Issues
Topic: Heat - What do you set your temps to in Winter?
Replies: 136
Views: 8273

Re: Heat - What do you set your temps to in Winter?

Since this is BH, maybe age plus (or minus) X, and rebalance every season? :D
by McDougal
Fri Oct 30, 2020 10:53 am
Forum: Personal Consumer Issues
Topic: Last day at work, to-do list?
Replies: 30
Views: 1893

Re: Last day at work, to-do list?

Don't be like others I work with. No personal laptop/computer at home, no alternative email address other than works...it's outrageous. These are SVPs too. You're not making any sense. My personal computer belongs at home and I use it there; where do you keep/use yours? What is an alternative email...
by McDougal
Mon Oct 19, 2020 8:55 am
Forum: Personal Investments
Topic: Please review my portfolio as I near retirement
Replies: 19
Views: 1926

Re: Please review my portfolio as I near retirement

Thanks KlangFool, I will sharpen my pencil to look at expenses much more deeply, but I do think it is because we are paying off the mortgage so aggressively (I know how you feel about that!). Paid 96K extra this year. I edited the OP to reflect this. You still have to pay property tax even after th...
by McDougal
Mon Oct 19, 2020 8:48 am
Forum: Personal Investments
Topic: Please review my portfolio as I near retirement
Replies: 19
Views: 1926

Re: Please review my portfolio as I near retirement

3. I am struggling with me doing Roth conversions between retirement and when I start SS (at 70 I am planning). In a high tax rate now, and have to work hard to guesstimate our tax rate in the future. Also I am taking into consideration that at one point in the future one of us will be filing singl...
by McDougal
Mon Oct 19, 2020 8:38 am
Forum: Personal Investments
Topic: Please review my portfolio as I near retirement
Replies: 19
Views: 1926

Re: Please review my portfolio as I near retirement

OP, Your numbers do not add up. What is your current annual expense? It has to be much more than 120K per year. A) Your gross income is around 400K per year. B) Your annual saving is only 64K per year. C) What is your total taxes? 100K per year? I believe your REAL annual expense is closer to 200K ...
by McDougal
Mon Oct 19, 2020 5:14 am
Forum: Personal Investments
Topic: Please review my portfolio as I near retirement
Replies: 19
Views: 1926

Re: Please review my portfolio as I near retirement

OP, Your numbers do not add up. What is your current annual expense? It has to be much more than 120K per year. A) Your gross income is around 400K per year. B) Your annual saving is only 64K per year. C) What is your total taxes? 100K per year? I believe your REAL annual expense is closer to 200K ...
by McDougal
Sun Oct 18, 2020 11:27 am
Forum: Personal Investments
Topic: Please review my portfolio as I near retirement
Replies: 19
Views: 1926

Please review my portfolio as I near retirement

Hi everyone. I really appreciate all the advice and wisdom I have gleaned from this community. Here is our current financial standing, questions at the end: Emergency funds: >6 months of expenses in cash Debt: Only debt is home mortgage, $98K @ 2.875, a 7/1 ARM which is due to adjust in April 2022. ...
by McDougal
Sun Oct 18, 2020 11:03 am
Forum: Forum Issues and Administration
Topic: Please Try Out Test Posts Here
Replies: 328
Views: 283107

Re: Please Try Out Test Posts Here

Testing
by McDougal
Sat Oct 10, 2020 9:47 am
Forum: Personal Investments
Topic: Roth Conversion Withdrawl Rules
Replies: 39
Views: 2491

Re: Roth Conversion Withdrawl Rules

uslee2004 wrote: Sat Oct 10, 2020 9:31 am Just to add that all discussion thus far are for federal tax only. Some states does not follow federal tax treatment for Roth IRA on withdrawal.
Good point, thanks for posting this.
by McDougal
Sun Sep 27, 2020 6:52 am
Forum: US Chapters
Topic: Metro Atlanta Bogleheads Local Chapter
Replies: 130
Views: 42811

Re: Metro Atlanta Bogleheads Local Chapter

@McDougal, In your question, does "BC" mean "before coronavirus"? The last time that Atlanta Bogleheads met in person was in 2018, in June. We had been meeting at: 4 Rivers Smokehouse, second floor 822 Marietta St NW Atlanta GA 30318 Hi! Yes, sorry, I am making up acronyms, befo...
by McDougal
Sat Sep 26, 2020 7:51 am
Forum: US Chapters
Topic: Metro Atlanta Bogleheads Local Chapter
Replies: 130
Views: 42811

Re: Metro Atlanta Bogleheads Local Chapter

Out of curiosity, in the time BC, were there ever in-person meetings, and if so where were they held?
Thanks!
by McDougal
Sat Sep 26, 2020 6:08 am
Forum: Personal Finance (Not Investing)
Topic: My good experience buying a Hertz rental car
Replies: 24
Views: 2999

Re: My good experience buying a Hertz rental car

acegolfer wrote: Sat Sep 26, 2020 6:02 am Is it true that there's no room for price negotiation/haggling?
I bought a car from Hertz in July in Atlanta, and there was no room for negotiating at that time/place. Doesn't hurt to ask though!
by McDougal
Fri Sep 11, 2020 5:48 am
Forum: Personal Finance (Not Investing)
Topic: Paying off sub 4% mortgage interest rate early
Replies: 167
Views: 14816

Re: Paying off sub 4% mortgage interest rate early

Yes for me too. Sitting on a 2.875% 7/1 ARM that resets in mid-2022. Couple reasons for me, pretty close to the end (only about 100K left), and DW won't let me retire until it is paid off. \_(ツ)_/
by McDougal
Tue Sep 01, 2020 5:32 am
Forum: Personal Investments
Topic: Transfer Vanguard IRA back to Fidelity 401k?
Replies: 12
Views: 878

Re: Transfer Vanguard IRA back to Fidelity 401k?

OP, I did exactly this in July, same 2 firms. The only gotcha - not really bad, but unexpected - from my perspective was Vanguard had to mail me a paper check. Fido took a mobile deposit of the check on their app. I was out of the market for a total of 5 trading days. It was the largest check I have...
by McDougal
Tue Sep 01, 2020 5:17 am
Forum: Investing - Theory, News & General
Topic: What is your age and asset allocation ?
Replies: 296
Views: 20688

Re: What is your age and asset allocation ?

64 and 59 here, still working. We were 90/10 for a long time and went to 60/40 couple years ago, probably forever.
by McDougal
Thu Aug 27, 2020 11:26 am
Forum: Personal Investments
Topic: Investment order priority
Replies: 22
Views: 1173

Re: Investment order priority

3.Only debt is mortgage @ 5.125% Slightly off topic, but have you looked into refinancing the mortgage? From the OP - "...but there's a good chance I'm moving soon and getting married (which is why I haven't tried to do a refi)" Oops, not enough coffee today! Carry on without me 8-)
by McDougal
Thu Aug 27, 2020 11:15 am
Forum: Personal Investments
Topic: Investment order priority
Replies: 22
Views: 1173

Re: Investment order priority

Scuttlebutt wrote: Thu Aug 27, 2020 10:45 am 3.Only debt is mortgage @ 5.125%
Slightly off topic, but have you looked into refinancing the mortgage?
by McDougal
Thu Aug 27, 2020 7:15 am
Forum: Investing - Theory, News & General
Topic: I survived the 'sequence of returns risk'
Replies: 42
Views: 3880

Re: I survived the 'sequence of returns risk'

Watching with interest. Planning on retiring in 2021 and SOR is probably my biggest fear.
by McDougal
Fri Aug 21, 2020 3:59 pm
Forum: Personal Investments
Topic: IRA Conversion
Replies: 12
Views: 690

Re: IRA Conversion

David Jay wrote: Fri Aug 21, 2020 2:58 pm Having some Roth in early retirement provides a lot of flexibility to avoid means-tested penalties.
David could you explain this further or point me where to understand these points? Thanks!
by McDougal
Fri Aug 21, 2020 8:46 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 4779
Views: 1296736

Re: What Book Are You Currently Reading? Part VI

In Harm's Way by Doug Stanton. Story about the tragic sinking of the USS Indianapolis in WWII. Could not put it down.
by McDougal
Wed Aug 19, 2020 6:59 am
Forum: Personal Consumer Issues
Topic: Approach to "News" Consumption
Replies: 82
Views: 4561

Re: Approach to "News" Consumption

I have been going to allsides dot com for a while now. For a given topic they categorize the links to news stories on that topic as either left, center or right. Pick your poison.
by McDougal
Mon Aug 17, 2020 6:26 am
Forum: Personal Investments
Topic: Is this all there is?
Replies: 20
Views: 1986

Re: Is this all there is?

Marry once....to the right person.
by McDougal
Tue Aug 11, 2020 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Chase Amazon Prime Card--4% back
Replies: 74
Views: 7220

Re: Chase Amazon Prime Card--4% back

Do you mind sharing?
by McDougal
Mon Aug 10, 2020 4:52 pm
Forum: Investing - Theory, News & General
Topic: What if I have to fund more of my retirement myself?
Replies: 24
Views: 2845

Re: What if I have to fund more of my retirement myself?

That said, I thought reduction in SS would only affect new people about to claim. Those claiming already would be "grandfathered in". Someone correct me if wrong! I believe the trustees' report simply says there would be a benefit reduction. It does not say "only for future claimants...
by McDougal
Mon Aug 10, 2020 7:26 am
Forum: Personal Investments
Topic: Portfolio Contribution Question
Replies: 11
Views: 565

Re: Portfolio Contribution Question

I think it varies widely depending on your income and your expenses, as well as your retirement goals and time horizon to reach those goals. I personally do 12% FWIW. But I did not aim for 12%, I just saved as much as I could, and after doing the math turns out to be 12%.
by McDougal
Sat Aug 01, 2020 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Unmotivated daughter and son in law.
Replies: 115
Views: 9792

Re: Unmotivated daughter and son in law.

Perhaps I missed it, but has your daughter and SIL asked you or your ex for any financial help, advice, or assistance? They have to want to improve their position for anything to really change here. Also, how does your current spouse feel about all of this? Does your ex have anything in his will for...
by McDougal
Mon Jul 27, 2020 7:33 pm
Forum: Personal Investments
Topic: Did I mess up my first Roth IRA contribution/conversion?
Replies: 3
Views: 514

Re: Did I mess up my first Roth IRA contribution/conversion?

1. Over many years I rolled prior employers’ 401K balances into a tIRA. 2. In 2017 I made a non-deductible contribution of $5375 to tIRA Was this contribution made FOR 2017 or 2016? This was for 2017 3. In 2018 I made a non-deductible contribution of $1125 to tIRA, making my IRA consist of $6500 of...
by McDougal
Mon Jul 27, 2020 6:25 pm
Forum: Personal Investments
Topic: Did I mess up my first Roth IRA contribution/conversion?
Replies: 3
Views: 514

Did I mess up my first Roth IRA contribution/conversion?

Here is what I did. I would like to ask the forum if there are any glaring errors or omissions based on the steps I have taken. I am still working, 64 yrs old, MFJ if it matters. All 8606 forms have been filed with IRS. 1. Over many years I rolled prior employers’ 401K balances into a tIRA. 2. In 20...
by McDougal
Sun Jul 26, 2020 7:20 am
Forum: Personal Consumer Issues
Topic: How dead is dead? (USPS mail)
Replies: 60
Views: 6750

Re: How dead is dead? (USPS mail)

I have been receiving lots of unsolicited mailings lately. I do know why. I turn 65 in December and since June I have been receiving many "We'll teach you what you need to know about Medicare" envelopes from every insurance company in the country. I have not opened one of them, but I am sa...
by McDougal
Sat Jul 25, 2020 5:44 am
Forum: Personal Investments
Topic: New Roth IRA account question
Replies: 7
Views: 599

Re: New Roth IRA account question

Thank you for taking the time to explain this so eloquently. I appreciate it! I had my 401k roll over transferred to vanguard MMF. I will withdraw it and add it into my employer 401k and then contribute separately to tIRA and then r-IRA. Be careful how you withdraw from the IRA and contribute it to...
by McDougal
Fri Jul 24, 2020 1:56 pm
Forum: Investing - Theory, News & General
Topic: Roth conversions
Replies: 12
Views: 880

Re: Roth conversions

then i have to wait 5 years (or age 59.5) to withdraw each conversion amount. if i withdraw earnings before 59.5, there is a 10% penalty plus income tax. I could be wrong but I think you still have to wait 5 years to withdraw earnings from a Roth IRA, even after reaching age 59-1/2, unless it's for...
by McDougal
Sun Jul 19, 2020 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus check for deceased not received, should I forget it?
Replies: 5
Views: 700

Re: Stimulus check for deceased not received, should I forget it?

What to do? I know you said the letter stated that the check was "mailed", but if your dad was receiving SS or veterans benefits via direct deposited, it likely was sent to the same bank. If the bank was notified of the death, the account may have been locked. If this situation is possibl...
by McDougal
Wed Jul 15, 2020 5:59 pm
Forum: Personal Investments
Topic: Moderna
Replies: 45
Views: 5070

Re: MODERNA

Lol. Yes i own, Etfs, mutual funds, VTSAX and a whole plethora of safer investments. I was just asking what people thought about this stock. I also own in in other funds that are well diversified. Personally every now and then i like to put in 10K into an individual stock that I think will hit big....
by McDougal
Wed Jul 15, 2020 9:28 am
Forum: Personal Consumer Issues
Topic: Which household items have made your life easier/more convenient/happier?
Replies: 82
Views: 6769

Re: Which household items have made your life easier/more convenient/happier?

Motion sensor light switches. Places like laundry room, pantry, closet. Turns light on by motion and off when you leave.
by McDougal
Tue Jul 14, 2020 6:47 am
Forum: Personal Investments
Topic: Backdoor ROTH IRA
Replies: 15
Views: 876

Re: Backdoor ROTH IRA

So based on the comments you cannot have any other IRA except ROTH IRA in the calendar year you execute the backdoor roth strategy so you dont get hit by the IRS prorata rule. Bit post that calendar year if you decide you can have a rollover IRA and roth IRA independently without triggering any IRS...
by McDougal
Sat Jul 11, 2020 6:28 am
Forum: Investing - Theory, News & General
Topic: Were You Around During Dotcom Bubble?
Replies: 182
Views: 11872

Re: Were You Around During Dotcom Bubble?

I was a young kid out of college, put something like $5000 in a Roth IRA and bought Cisco, thinking this was the blue chip of tech stocks. It went up, and then went down to about $2,000. Fantastic lesson for me at a reasonably affordable price. As to applicability to current situation, I gave up tr...
by McDougal
Fri Jun 19, 2020 6:52 am
Forum: Personal Finance (Not Investing)
Topic: Capital One is at it again
Replies: 135
Views: 16236

Re: Capital One is at it again

Hey, someone has to pay those movie stars to make the Capital One commercials, don't they?
by McDougal
Wed Jun 10, 2020 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: form 8606 blues
Replies: 64
Views: 3715

Re: form 8606 blues

Correct me if I am wrong please. I think you only need to file 8606 in the year(s) that you made non-deductible contributions to an IRA which results in co-mingled money. Not every year for the rest of your life. And also if you received a distribution or made a conversion. But if you are not making...
by McDougal
Fri Jun 05, 2020 6:31 am
Forum: Personal Investments
Topic: Retirement income tax rate
Replies: 64
Views: 4121

Re: Retirement income tax rate

Bookmarking this post for reference!
by McDougal
Thu May 21, 2020 6:24 am
Forum: Personal Finance (Not Investing)
Topic: Best credit card for grocery rewards
Replies: 53
Views: 5131

Re: Best credit card for grocery rewards

The magic of the Blue Cash Preferred is it’s 6% groceries and 3% on gas. If you don’t hit the $6000 grocery store cap every calendar year it’s not worth it. I applied for that card and was told I needed a letter from a financial institution verifying my address and signed by some particular employe...
by McDougal
Sat May 16, 2020 7:44 am
Forum: Personal Consumer Issues
Topic: Password vault or generator?
Replies: 110
Views: 7232

Re: Password vault or generator?

If one uses LastPass or another PW manager, and has unique, very long, complicated passwords for >200 sites, is it necessary to change the passwords ever, and if so, at what frequency? You must change them every time they are compromised, or you suspect they have been. So if tomorrow bogleheads has...