Search found 133 matches

by reddison
Thu Feb 11, 2021 1:47 pm
Forum: Personal Investments
Topic: Are Bogleheads still investing at Vanguard?
Replies: 132
Views: 11491

Re: Are Bogleheads still investing at Vanguard?

We are. Today my wife and I called and set up an in-kind transfer of her Simple IRA from American Funds to Vanguard. We also consolidated our accounts and established necessary authority for each other's accounts. In less than 90 days I plan to rollover my 7 figure 401(k) into a VG rollover IRA. Our...
by reddison
Tue Feb 02, 2021 3:56 pm
Forum: Personal Investments
Topic: Vanguard Portfolio Watch - Stock Analysis
Replies: 14
Views: 1055

Re: Vanguard Portfolio Watch - Stock Analysis

I would think that "blend" means that it is a mix of growth and value. Is that not the case? I want to hold Value. Someone ages ago decided on some metrics that would group stocks into thirds of Value, Blend, and Growth. I don't even remember what the metrics are, but I think they may be ...
by reddison
Tue Feb 02, 2021 2:41 pm
Forum: Personal Consumer Issues
Topic: Car hit in parking lot (no note)
Replies: 70
Views: 6363

Re: Car hit in parking lot (no note)

Once I came home from work and our garage door was open. My neighbor from across the street was in my garage looking at the back of my wife's car. I asked what he was doing and he said someone had hit his son's car that he'd parked on the street directly behind my driveway. Really ticked me off as n...
by reddison
Tue Feb 02, 2021 12:55 pm
Forum: Personal Investments
Topic: Vanguard Portfolio Watch - Stock Analysis
Replies: 14
Views: 1055

Re: Vanguard Portfolio Watch - Stock Analysis

Thx to those who responded. You've answered my question. I am not going to list all of them because there are many and I will be rolling over the majority of them in short order and simplifying the fund holdings. To those who asked, when I input all of the funds in my 401(k), HSA, wife's 401(k), etc...
by reddison
Tue Feb 02, 2021 11:45 am
Forum: Personal Investments
Topic: Vanguard Portfolio Watch - Stock Analysis
Replies: 14
Views: 1055

Vanguard Portfolio Watch - Stock Analysis

I have input all of my outside accounts into my Vanguard account so I can analyze everything together. I am a bit puzzled by the Stock Analysis. According to it, my stock holdings are comprised of 48% Blend and 52% Growth and 0% Value. Not surprisingly, it concludes that I am overweight in Growth an...
by reddison
Sat Jan 30, 2021 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Why does my SSA statement show benefits decreasing?
Replies: 13
Views: 1987

Re: Why does my SSA statement show benefits decreasing?

Does anyone’s report show their earnings for 2019?
by reddison
Fri Jan 29, 2021 4:53 pm
Forum: Personal Consumer Issues
Topic: Credit Moves Before/After Retirement?
Replies: 10
Views: 855

Re: Credit Moves Before/After Retirement?

We went ahead and got a HELOC in place that we can tap into any time in the next 10 years. It took less than a week. I wanted the ability to use it if convenient to raise a larger sum cash while minimizing the effect on taxes (as compared to raising it by selling equities).
by reddison
Tue Jan 26, 2021 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Why does my SSA statement show benefits decreasing?
Replies: 13
Views: 1987

Re: Why does my SSA statement show benefits decreasing?

Mine also went down. Previously, nothing was reported for 2019. Now 2019 for me shows zeros. For 2019 my Taxed SS earnings were the max, and taxed Medicare earnings were higher than the prior year. I'm pretty sure 2020 will not be reported until 2022. It says to call SS if there is an error and to h...
by reddison
Thu Jan 07, 2021 11:25 am
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2021!
Replies: 165
Views: 17202

Re: Roll Call for the Retirement Class of 2021!

... We started out doing what we had done in the past which was a low carb diet and some modest aerobic exercise (walking). We weighed ourselves each morning and recorded the weight. We did well in the first month and had some big losses which can easily come when you have a lot to lose. The bottom...
by reddison
Tue Jan 05, 2021 12:43 pm
Forum: Personal Investments
Topic: 2021 401k and Roth contributions
Replies: 5
Views: 484

Re: 2021 401k and Roth contributions

@lakpr - I believe there is an issue with contributing @ the 90% level because of discrimination testing. Last year I asked our plan administrator (5th Third Bank) if I could do contribute everything into the Roth and he expressed concern about it, without giving me a definitive answer. I could make...
by reddison
Tue Jan 05, 2021 11:40 am
Forum: Personal Investments
Topic: 2021 401k and Roth contributions
Replies: 5
Views: 484

Re: 2021 401k and Roth contributions

Thanks for the link welloiled. Yes we are Married Filing Jointly (MFJ). That is my understanding as to contributing for my wife because I will have sufficient income. My main doubt/concern is if there is any issue with contributing both to the 401k AND Roth.
by reddison
Tue Jan 05, 2021 10:05 am
Forum: Personal Investments
Topic: 2021 401k and Roth contributions
Replies: 5
Views: 484

2021 401k and Roth contributions

Due to income limits and large IRA balance I have not contributed to Roths in the past. I am retiring early this year so this is going to be a one time event. But I could use some BH advice. Assume the following: I am self-employed and would be able to contribute $63,000 to my 401 plan if working th...
by reddison
Mon Jan 04, 2021 11:48 am
Forum: Personal Consumer Issues
Topic: Any multimillionaire's (more than 2mm) out there still mow their own lawn?
Replies: 341
Views: 25845

Re: Any multimillionaire's (more than 2mm) out there still mow their own lawn?

Yes, I've always mowed my own yard and shoveled snow. I'm about to retire and plan to continue to do so going forward as I'll have plenty of time. We are giving up the housekeeper too for the same reason. I do pay for a company to apply weed control as it costs about as much to buy it and apply it m...
by reddison
Mon Jan 04, 2021 11:43 am
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2021!
Replies: 165
Views: 17202

Re: Roll Call for the Retirement Class of 2021!

I am very happy to share that my wife, let's call her Satin McCue, finished up a 38 year career with a local municipality and joins me in retirement as of today. We are 59/61 and live in Florida. Her COLA'd pension (joint life) provides a very nice base to our retirement spending and covers our nor...
by reddison
Thu Dec 31, 2020 4:46 pm
Forum: US Chapters
Topic: "The Hills of Bastogne"
Replies: 93
Views: 5901

Re: "The Hills of Bastogne"

Thank you for sharing this and thank you for your service! What a tremendous sacrifice you and so many made for us. If anyone hasn’t seen Band of Brothers, I highly recommend it and you’ll get a glimpse of what it was like in Bastogne.
by reddison
Thu Dec 31, 2020 12:19 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2021!
Replies: 165
Views: 17202

Re: Roll Call for the Retirement Class of 2021!

I am part way there. Yesterday was my wife's last day of work. She has officially joined the retirement ranks! I am working 4 more months. I originally set that date for health care continuation purposes (for her) but I don't really need that any more since we just added retiree health care at my co...
by reddison
Thu Dec 17, 2020 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Starting Retirement - Rethinking Asset Allocation
Replies: 30
Views: 2802

Re: Starting Retirement - Rethinking Asset Allocation

Thx Geerhardusvos - I find it helpful to hear other Bogleheads' views. I've already rebalanced to 65% equity and plan to stay put.
by reddison
Wed Dec 16, 2020 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Starting Retirement - Rethinking Asset Allocation
Replies: 30
Views: 2802

Re: Starting Retirement - Rethinking Asset Allocation

Retired at 62-1/2. On wife's advice had a one time meeting with financial advisor who basically said you can remove 2 standard deviations of risk if you go from 80/20 to 50/50; with only a small ((~1.7%) from memory) reduction in annual returns. Without looking at the figures or getting into a deba...
by reddison
Wed Dec 16, 2020 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Fifth Third HSA Transitioning to Optum HSA
Replies: 22
Views: 1533

Re: Fifth Third HSA Transitioning to Optum HSA

I received the same notice from Fifth Third. I called Fidelity yesterday to see about transferring my HSA account from 5/3. They said with 5/3 it would require mailing paperwork and could take up to 3 weeks. They said they have the ability to pull it electronically from Optum if I just fill out Fide...
by reddison
Tue Dec 15, 2020 9:41 am
Forum: Personal Investments
Topic: HSA rollover/consolidation -> to Fidelity?
Replies: 28
Views: 2478

Re: HSA rollover/consolidation -> to Fidelity?

Thx bberris and Mr. Jones. Taking care of this today...
by reddison
Mon Dec 14, 2020 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Retiring to low income in 2021, any year end moves?
Replies: 3
Views: 594

Re: Retiring to low income in 2021, any year end moves?

I am in the same boat and I second the idea of setting up the Donor Advised Fund if you regularly contribute to charity. I set mine up with Fidelity a month or so ago. This allows you to take the itemized deductions and reduce taxes for this year. I contributed appreciated stock so I also avoided ta...
by reddison
Mon Dec 14, 2020 5:53 pm
Forum: Investing - Theory, News & General
Topic: Higher Tax Bracket in Retirement Folks
Replies: 13
Views: 2018

Re: Higher Tax Bracket in Retirement Folks

I am 63 and this is my last full year of employment and high income in the current 32% bracket. I will have a 6 figure retirement benefit for 5 years after retiring, and before social security and RMDs. I am going to roll over as much as I can into Roth each year up to the top of the 24% bracket, bu...
by reddison
Fri Dec 11, 2020 10:28 am
Forum: Personal Investments
Topic: HSA rollover/consolidation -> to Fidelity?
Replies: 28
Views: 2478

Re: HSA rollover/consolidation -> to Fidelity?

For those who recently did this on-line, do you have to open the Fidelity HSA and pick the investment fund with zero balance first, then fill out the transfer form? TIA
by reddison
Tue Dec 08, 2020 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Starting Retirement - Rethinking Asset Allocation
Replies: 30
Views: 2802

Re: Starting Retirement - Rethinking Asset Allocation

Seems like you have "won the game" -- congrats. You no longer have a need to take a lot of risk but certainly have the ability . I am in the same position but a decade older. What I experienced when I retired at age 60 was that I didn't realize fully the change. i.e. no salary, no bonus, ...
by reddison
Tue Dec 08, 2020 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Starting Retirement - Rethinking Asset Allocation
Replies: 30
Views: 2802

Re: Starting Retirement - Rethinking Asset Allocation

I am against people upping their stock allocation when stocks are at all time highs. The time to have considered upping your stock allocation was in March. On the contrary, I am also against people for lowering their stock allocation when markets have crashed. It's best to have a plan and stick to ...
by reddison
Mon Dec 07, 2020 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Starting Retirement - Rethinking Asset Allocation
Replies: 30
Views: 2802

Re: Starting Retirement - Rethinking Asset Allocation

There is a wiki that lists abbreviations. https://www.bogleheads.org/wiki/Abbreviations_and_Acronyms Thanks to a retirement benefit, we will only need a 1% withdrawal over the first 5 years of retirement and then not more than 2% thereafter. It sounds like at least for now your interest and dividen...
by reddison
Mon Dec 07, 2020 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Starting Retirement - Rethinking Asset Allocation
Replies: 30
Views: 2802

Re: Starting Retirement - Rethinking Asset Allocation

LOL! Yes, DW is Dear Wife. I thought that one was common knowledge. Peter Foley - As far as how we will spend our money, we certainly have some plans but it's too early to know for sure. Our kids are all doing pretty well but we help them out in various ways already. Thank you for the suggested read...
by reddison
Mon Dec 07, 2020 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Starting Retirement - Rethinking Asset Allocation
Replies: 30
Views: 2802

Starting Retirement - Rethinking Asset Allocation

DW will retire at year end. I will be retiring in a few months. We are 62 and 63. Our goal AA has been 60-65% equity, 35-40% bonds/cash. Our current AA is at 67% stock/27% bond/6% cash. I estimate we have at least 5 years of expenses in cash and 12-15 years of expenses in bonds currently, and at lea...
by reddison
Thu Dec 03, 2020 10:37 am
Forum: Personal Consumer Issues
Topic: What are you getting your s/o for the holidays?
Replies: 123
Views: 9236

Re: What are you getting your s/o for the holidays?

We have been doing a lot of hiking and have plans for a lot more when we retire in the next few months. DW has been talking about the need for some good binoculars so I just ordered some today from REI. Would it be impolite to ask which make/model you purchased? I was considering purchasing a pair ...
by reddison
Tue Dec 01, 2020 12:22 pm
Forum: Personal Consumer Issues
Topic: What are you getting your s/o for the holidays?
Replies: 123
Views: 9236

Re: What are you getting your s/o for the holidays?

We have been doing a lot of hiking and have plans for a lot more when we retire in the next few months. DW has been talking about the need for some good binoculars so I just ordered some today from REI.
by reddison
Fri Nov 13, 2020 2:08 pm
Forum: Personal Investments
Topic: Surgery Center Investment
Replies: 21
Views: 2649

Re: Surgery Center Investment

This is not intended as legal advice but something to think about. Surgery Centers have been around for a long time. Some are very profitable and others not at all. So do your due diligence to make sure you know what you are getting into. It sounds like you've started doing that. As far as the state...
by reddison
Thu Nov 12, 2020 4:11 pm
Forum: Personal Investments
Topic: 401(k), Simple IRA & Roth IRA Contributions
Replies: 11
Views: 765

Re: 401(k), Simple IRA & Roth IRA Contributions

I've got a basic follow-up question pertaining to Roth IRA contributions in 2021. I have an existing Vanguard Roth IRA account. At the top it shows: Roth IRA Brokerage Account It has a Buy/Sell tab for the VG Federal Money Mkt Settlement Fund currently with zero. Below that it has my current funds ...
by reddison
Thu Nov 12, 2020 12:07 pm
Forum: Personal Investments
Topic: 401(k), Simple IRA & Roth IRA Contributions
Replies: 11
Views: 765

Re: 401(k), Simple IRA & Roth IRA Contributions

I've got a basic follow-up question pertaining to Roth IRA contributions in 2021. I have an existing Vanguard Roth IRA account. At the top it shows: Roth IRA Brokerage Account It has a Buy/Sell tab for the VG Federal Money Mkt Settlement Fund currently with zero. Below that it has my current funds i...
by reddison
Thu Nov 05, 2020 5:51 pm
Forum: Personal Investments
Topic: 401(k), Simple IRA & Roth IRA Contributions
Replies: 11
Views: 765

Re: 401(k), Simple IRA & Roth IRA Contributions

FiveK - yes, thanks for pointing that out. I am aware and planning to stay below the MAGI threshold. Spirit Rider -Thanks. I managed to screw it up the first time on the conversions which is what prompted the question. Starting next year, I will have 9 years to do rollovers before RMDs start for me ...
by reddison
Thu Nov 05, 2020 4:46 pm
Forum: Personal Investments
Topic: 401(k), Simple IRA & Roth IRA Contributions
Replies: 11
Views: 765

Re: 401(k), Simple IRA & Roth IRA Contributions

It looks like for tax year 2021, for MFJ, as long as your MAGI <$198k, you can contribute the full $7k directly to Roth IRA. If your MAGI is between $198k and $208k, then you're in the phaseout range, and the amount you can contribute directly will decrease. See: https://www.irs.gov/retirement-plan...
by reddison
Wed Nov 04, 2020 2:57 pm
Forum: Personal Investments
Topic: 401(k), Simple IRA & Roth IRA Contributions
Replies: 11
Views: 765

Re: 401(k), Simple IRA & Roth IRA Contributions

Thank you for clarifying. I wanted to make sure I wasn't running afoul of the prorata rule. I did that when I made the first contributions to open the Roth accounts in 2019.
by reddison
Wed Nov 04, 2020 2:38 pm
Forum: Personal Investments
Topic: 401(k), Simple IRA & Roth IRA Contributions
Replies: 11
Views: 765

401(k), Simple IRA & Roth IRA Contributions

My wife and I are retiring early next year. I have substantial 401(k) and rollover IRA accounts, and a small Roth IRA. My wife has a large Simple IRA through her employer and a small Roth IRA. Due to tax brackets and the IRA accounts we have not been contributing to Roths so I want to double check w...
by reddison
Fri Sep 25, 2020 10:09 am
Forum: Personal Investments
Topic: 1st Time Transferring Stock to DAF
Replies: 12
Views: 641

Re: 1st Time Transferring Stock to DAF

Thanks for the discussion. I inherited these stocks in 2009 and have never touched them. They are on dividend reinvest. I should be able to print out the info my CPA would need for tax preparation.
by reddison
Thu Sep 24, 2020 4:07 pm
Forum: Personal Investments
Topic: 1st Time Transferring Stock to DAF
Replies: 12
Views: 641

Re: 1st Time Transferring Stock to DAF

@Livesoft - Aside from any recent dividend reinvestments, these stocks have all been held long term. And I am planning to sell all of my holdings in them. Thx for the response. It is not clear to me what you mean. You should sell the short-term holdings and donate the cash, but you will not sell th...
by reddison
Thu Sep 24, 2020 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Retired physicians (but others ok too. ;))
Replies: 59
Views: 6851

Re: Retired physicians (but others ok too. ;))

I'm facing this decision now, with retirement early next year at age 63. I am licensed (attorney) in 2 states. I will receive a retirement payout over a 5 year period. If I give up my license, and don't provide any further services, I can avoid paying self-employment taxes and save around $4k a year...
by reddison
Thu Sep 24, 2020 3:30 pm
Forum: Personal Investments
Topic: 1st Time Transferring Stock to DAF
Replies: 12
Views: 641

Re: 1st Time Transferring Stock to DAF

@Livesoft - Aside from any recent dividend reinvestments, these stocks have all been held long term. And I am planning to sell all of my holdings in them. Thx for the response.
by reddison
Thu Sep 24, 2020 3:28 pm
Forum: Personal Investments
Topic: 1st Time Transferring Stock to DAF
Replies: 12
Views: 641

Re: 1st Time Transferring Stock to DAF

Thanks Pigeye. If I don't need Medallion signatures that will make it much easier. Glad to hear it was handled expeditiously too.
by reddison
Thu Sep 24, 2020 11:07 am
Forum: Personal Investments
Topic: 1st Time Transferring Stock to DAF
Replies: 12
Views: 641

1st Time Transferring Stock to DAF

I'd appreciate it if someone who has done this could answer some questions about the process. I'd like to open a Donor Advised Fund and transfer 3 appreciated stocks into it. They total about $80k with a basis of around $15k. Unfortunately they are held by 3 different companies - EQ shareowneronline...
by reddison
Wed Aug 05, 2020 1:36 pm
Forum: Personal Investments
Topic: Just about retirement age...am I on the right track?
Replies: 18
Views: 3488

Re: Just about retirement age...am I on the right track?

@ Falcon Man - You have until age 72 before taking RMDs so you will have a lot of years to do Roth conversions. You can do the Roth conversions search that David Jay mentioned above as a starting point. You will find a lot of information by searching and also looking at the wikis. There are a number...
by reddison
Mon Aug 03, 2020 9:59 pm
Forum: Personal Investments
Topic: Handling lumpy expenses in retirement Roth conversions?
Replies: 12
Views: 1020

Re: Handling lumpy expenses in retirement Roth conversions?

FiveK wrote: Mon Aug 03, 2020 1:56 pm
reddison wrote: Mon Aug 03, 2020 1:25 pm I will be in the 20% LTCG bracket and either the 22 or 24% tax bracket....
Perhaps a lower LTCG or higher ordinary bracket? E.g., 20% LTCG bracket starts at $441,450 for a single filer....
My mistake - 15% LTCG bracket
by reddison
Mon Aug 03, 2020 1:25 pm
Forum: Personal Investments
Topic: Handling lumpy expenses in retirement Roth conversions?
Replies: 12
Views: 1020

Re: Handling lumpy expenses in retirement Roth conversions?

I am retiring early next year at 63 and also have prepared a spreadsheet to estimate income, taxes and Roth conversions. I have large 401(k) holdings and am wanting to convert as much as possible until age 72. I have decided to get a HELOC as a safeguard for making large purchases, in order to have ...
by reddison
Mon Jul 27, 2020 2:51 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2021!
Replies: 165
Views: 17202

Re: Roll Call for the Retirement Class of 2021!

Hey everyone. It's been a while since anyone has posted here so I thought I'd throw out some random thoughts. It's been 2 months since Miriam started this thread, so we are all 2 months closer to retirement! I don't know about you, but time is going far too slowly. I'm sure for all of us, this has b...
by reddison
Sat Jul 25, 2020 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Dead Father's Unclaimed Property
Replies: 33
Views: 3226

Re: Dead Father's Unclaimed Property

When you click on the case number on the State’s Unclaimed Property site it will give you information on what you are required to file to claim the property. You will definitely need a death certificate. I did this after my mother had passed away. I was the personal representative. It’s been 10 year...
by reddison
Tue Jul 21, 2020 1:14 pm
Forum: Personal Consumer Issues
Topic: what is your weekly workout routine?
Replies: 112
Views: 12335

Re: what is your weekly workout routine?

I am just shy of 63. My main workout for the past 10 years has been running. I've averaged 1500 - 2500 miles a year, ran 39 marathons across 29 states and 1 foreign country (Espana). 6 Bostons. The mileage finally caught up with me a couple of years ago and I developed a painful foot issue that has ...
by reddison
Wed Jun 10, 2020 1:23 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2021!
Replies: 165
Views: 17202

Re: Roll Call for the Retirement Class of 2021!

Yikes! Don't get rid of anything (I'm a you-never-know pack rat :mrgreen: ) until you check what treasures you have! Next year we’ll be heading to the Grand Canyon with others. It will be my wife’s third Rim to Rim hike and I’ll be doing Rim to Rim to Rim for the first time. We are not going to be ...