Search found 101 matches

by Stoic9
Fri Jul 31, 2020 5:26 am
Forum: Personal Finance (Not Investing)
Topic: How much money should I leave my kids?
Replies: 96
Views: 11700

Re: How much money should I leave my kids?

I have strong opinions on this. First you have to be certain how many children you have. Don't laugh, I'm confident I only have one now but for a while I wasn't certain as I left 'home' at 17 and traveled the world and hey it was the 60's. Second I think inheritance should only be left to children i...
by Stoic9
Sat Jul 25, 2020 6:01 am
Forum: Personal Investments
Topic: Second Taxable Account To See if Market Outperforms Mortgage?
Replies: 21
Views: 1236

Re: Second Taxable Account To See if Market Outperforms Mortgage?

This is interesting, I was looking at a similar idea. I have had no mortgage for awhile. Last week we moved and I took a low rate mortgage on 400K. This raised our zero mortgage monthly expense to about 2K. We are selling our former house and I was looking for a way to have zero sum increase to our ...
by Stoic9
Fri Jul 24, 2020 5:58 am
Forum: Personal Finance (Not Investing)
Topic: Financial pros/cons of single storey v/s 2-storey
Replies: 12
Views: 1177

Re: Financial pros/cons of single storey v/s 2-storey

My area single is high demand, aging population, and easier to care for. Our last two were one storey and sold the first day above asking (one just 3 weeks ago). All our rentals are single storey, in 25 years the longest time not rented is 30 days.
by Stoic9
Thu Jul 23, 2020 10:21 am
Forum: Personal Finance (Not Investing)
Topic: 2019 Tax season over but..
Replies: 7
Views: 1005

Re: 2019 Tax season over but..

SVT wrote:
Thu Jul 16, 2020 5:17 pm
I'm not sure why you would mail a check instead of just pay online with a CC. That is what I do. Does your state not offer that option?

But yes, I always pay later and have never had any issues.
Sure, my state offers....for a fee
by Stoic9
Thu Jul 16, 2020 6:30 am
Forum: Personal Finance (Not Investing)
Topic: 2019 Tax season over but..
Replies: 7
Views: 1005

2019 Tax season over but..

I filed my taxes early to receive a refund from Fed, went ahead and filed my State that I owed but planned to wait till 15 APR to pay. Then the due date changed to 15 JUL. I sent a check on 2 July to pay but they still have not cashed the check. Anyone else ever do this (file taxes but actually pay ...
by Stoic9
Fri Jul 03, 2020 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Landlords: How are you doing this year?
Replies: 121
Views: 13059

Re: Landlords: How are you doing this year?

All are paying so far but not sure it will stay that way, 1 renewed in May for a year, next up is for renewal has till 6 July to decide to renew or not, others are later in the year. While ours are single family homes for some reason we currently have a majority of divorced dads that want to stay ne...
by Stoic9
Mon Jun 29, 2020 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Best Down payment
Replies: 2
Views: 563

Best Down payment

I'm retired and have plenty of passive income to live on. We are buying a new house and I need about 25K more cash for the down payment. I'm in the 24% tax and 15% capital gain. I have the following to get money from. 401K Trad IRA Roth IRA Taxable account Index fund Taxable account Lifecycle 2020 (...
by Stoic9
Sun Jun 21, 2020 6:17 am
Forum: Personal Investments
Topic: Why isn't an AA of 75/25 with a SWR 3.75% the standard??
Replies: 67
Views: 10657

Re: Why isn't an AA of 75/25 with a SWR 3.75% the standard??

Thanks for this discussion, I retired 3 years ago next month. I keep a 75/25 AA, I will make my first withdraw this month to buy a house. The withdraw still maintains my retirement date principal so I feel good about the 75/25 AA. Not the same propose as a SWR but I'm interested to see if in 3 years...
by Stoic9
Fri Jun 19, 2020 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Help with Closing cost title insurance question
Replies: 1
Views: 163

Help with Closing cost title insurance question

We are purchasing a newly built house in a new sub-division. The closing docs state: Title Insurance (optional) $1582. Is this a necessary thing?
by Stoic9
Mon Jun 15, 2020 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage rates and add on's
Replies: 4
Views: 481

Mortgage rates and add on's

We will be taking out a 30 yr convention loan with 20% DN in the next week or so. Any one want to share where they are getting good rates. Our lender (in house) says she can usually match any rate. I know of one person that closed end of May with 3.125, 0pts.
by Stoic9
Fri May 15, 2020 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: 2020 Retirement Confidence Survey - where do you stand in all these stat categories?
Replies: 3
Views: 575

Re: 2020 Retirement Confidence Survey - where do you stand in all these stat categories?

Thanks enjoyed the article Me:Confident 20's 'retirement? what's that' 30's 'retirement? Dang never thought I'd live this long' 40's 'retirement? Ok let me look into that' 50's ' retirement? Yep on it I have made financial planning a hobby' 60's ' retirement? Retired, over planned and in good shape ...
by Stoic9
Mon May 11, 2020 6:25 am
Forum: Personal Finance (Not Investing)
Topic: What age do you use for retirement end date?
Replies: 68
Views: 4325

Re: What age do you use for retirement end date?

My retirement plan (I retired at 60, 3 years ago) uses 75 (+- 2 years) for me and 90 (+- 4 years) for spouse. We currently live well off our passive income (pension, rents) and haven't touched portfolio, savings, or real estate. We will start SS at 70 to the tune of almost 50K more to passive income...
by Stoic9
Mon May 04, 2020 6:51 am
Forum: Personal Finance (Not Investing)
Topic: Buying Home - How Near Parents?
Replies: 30
Views: 3033

Re: Buying Home - How Near Parents?

When young with a child we lived about 5 mins (off and on) from wife's parents. Made clear the rules, no 'in the area thought we'd drop by' etc. no issues. We never viewed them as baby sitters either. Our now adult daughter just bought a house on 5 acres, we will build an addition to it for us. She ...
by Stoic9
Tue Apr 28, 2020 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Recommendations for Mortgage company for Daughter
Replies: 12
Views: 982

Re: Recommendations for Mortgage company for Daughter

Thanks, like I said it's been a while we'll have her do some research.
by Stoic9
Tue Apr 28, 2020 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Recommendations for Mortgage company for Daughter
Replies: 12
Views: 982

Recommendations for Mortgage company for Daughter

Been a while since we have taken a mortgage, anyone have recent or in process experience with a good lender? No issues qualifying but want daughter to get a good rate on first purchase: 20% down and about 250K loan.
by Stoic9
Sat Apr 25, 2020 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: 1000 day assessment
Replies: 1
Views: 353

1000 day assessment

This might be a sign of how bored I've become self Isolating.....my main retirement goal was travel Tomorrow marks 1000 days since I retired. My plan had three pillars Relationships B+ Health C Finance B+ Since this is a Finance page: My Finance plan had four branches; Passive income: +4.6% Portfoli...
by Stoic9
Fri Apr 10, 2020 10:44 am
Forum: Personal Finance (Not Investing)
Topic: COVID-19 Stimulus Payment Issue
Replies: 86
Views: 7918

Re: COVID-19 Stimulus Payment Issue

The only way to have resolved this fairly would have been to not have done a stimulus check at all and instead, simply provide a bigger boost to unemployment benefits so those loosing their jobs would get all the needed benefits. I agree, this would provide help to those directly effected and easil...
by Stoic9
Wed Apr 01, 2020 9:36 am
Forum: Personal Investments
Topic: Anyone understand what is happening between USAA and Schwab?
Replies: 3
Views: 603

Anyone understand what is happening between USAA and Schwab?

I keep getting notices 'some' of my accounts will trans from USAA to Schwab this year. Just wondering if anyone has some better insights.
by Stoic9
Mon Feb 03, 2020 7:35 am
Forum: Personal Finance (Not Investing)
Topic: Who plans to amend last years returns?
Replies: 8
Views: 1191

Who plans to amend last years returns?

Recent changes re-instated certain credits and deductions taken away or expired in 2017. Curious if you've done the math and decided to amend a return to recoup monies from past filings.

In my case I'm considering refiling for tuition deduction.
by Stoic9
Sat Feb 01, 2020 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: MAGI and IRMAA 2020 is my year?
Replies: 4
Views: 584

Re: MAGI and IRMAA 2020 is my year?

Thank you all.
by Stoic9
Fri Jan 31, 2020 9:53 am
Forum: Personal Finance (Not Investing)
Topic: That one slipped by me, now I'm rechecking everything [Death book]
Replies: 4
Views: 1911

That one slipped by me, now I'm rechecking everything [Death book]

I retired 914 days ago, I went through a careful (LOL) process to ensure all our documents were in order. My latest project is to put together my death book for my spouse/child. In doing so I found a mistake in one of our accounts I never noticed. We have a bank account (30 years) that we use for re...
by Stoic9
Fri Jan 31, 2020 9:39 am
Forum: Personal Finance (Not Investing)
Topic: MAGI and IRMAA 2020 is my year?
Replies: 4
Views: 584

MAGI and IRMAA 2020 is my year?

BLUF: Does a cash inheritance effect a years MAGI for IRMAA? Haven't been able to nail this down. 2020 is my 63rd year and will be used for my first Medicare at 65. I scheduled are Roth conversion to stay just under IRMAA. We just found out my wife is the executor of her Fathers will and she stands ...
by Stoic9
Sat Jan 25, 2020 10:50 am
Forum: Investing - Theory, News & General
Topic: At some point you'll probably lose at least 30% (real) from your diversified portfolio: Meb Faber
Replies: 96
Views: 8392

Re: At some point you'll probably lose at least 30% (real) from your diversified portfolio: Meb Faber

My first full year of retirement was 2018, not a big drop but a drop that year for most. Sure I recovered quickly. While I made it through the big ones in the 2000's, 2018 was more significant as it happened my 1st year. I do expect another big one during my prime retirement years. That may trigger ...
by Stoic9
Mon Jan 20, 2020 3:12 pm
Forum: Personal Investments
Topic: How many months expenses held in cash in reirement
Replies: 46
Views: 2745

Re: How many months expenses held in cash in reirement

I lean toward those that say why have cash reserves. I have 46K in cash when entering my 3rd year of retirement. My passive income far exceeds my expenses. So why 46K? Not sure, it's grown over the past 2 years. I should probably just invest it but wifeiod keeps saying we'll spend more this year, n...
by Stoic9
Mon Jan 20, 2020 11:47 am
Forum: Personal Investments
Topic: How many months expenses held in cash in reirement
Replies: 46
Views: 2745

Re: How many months expenses held in cash in reirement

I lean toward those that say why have cash reserves. I have 46K in cash when entering my 3rd year of retirement. My passive income far exceeds my expenses. So why 46K? Not sure, it's grown over the past 2 years. I should probably just invest it but wifeiod keeps saying we'll spend more this year, no...
by Stoic9
Thu Jan 16, 2020 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Do you plan to actually spend down your portfolio?
Replies: 353
Views: 30048

Re: Do you plan to actually spend down your portfolio?

I've been retired 900 days and not touched my portfolio. As you can imagine my 7 figure 75/25 AA portfolio has increased a bit over 900 days. I may need it in the future but only in my worst case COA. My passive income continues to rise ( noticed that the 2019 inflation report states rents increased...
by Stoic9
Sun Jan 05, 2020 7:16 am
Forum: Personal Finance (Not Investing)
Topic: Retirement numbers
Replies: 4
Views: 1837

Re: Retirement numbers

To what do you owe your success? I planned my retirement for many years. Under Finance I had 4 pillars 1) Passive income 2) Portfolio 3) Real Estate 4) Zero debt. One of my hobbies is financial planning. I ended up with good passive income coming in (not collecting SS yet) we minimize our necessary...
by Stoic9
Sun Jan 05, 2020 7:12 am
Forum: Investing - Theory, News & General
Topic: Why all the angst about RMDs and taxes?
Replies: 177
Views: 13088

Re: Why all the angst about RMDs and taxes?

A part of my tracking my net worth has always factored in taxes. My deferred investment bottom line this year was like a receipt: Sub total X: Total X - 24%. I always focused on the actual after tax based on current year tax category, as my plan called for same level of income in retirement. Now IR...
by Stoic9
Sat Jan 04, 2020 2:35 pm
Forum: Investing - Theory, News & General
Topic: Now is a good time to start tracking your net worth.
Replies: 123
Views: 11545

Re: Now is a good time to start tracking your net worth.

If you are not already tracking your net worth now is a good time to start tracking it. I have a very simple spreadsheet that I update each year on January 1st and I have been doing this for 16 years now. It only takes me about 15 minutes to enter my account balances, any debts, and estimates of th...
by Stoic9
Sat Jan 04, 2020 2:32 pm
Forum: Investing - Theory, News & General
Topic: Why all the angst about RMDs and taxes?
Replies: 177
Views: 13088

Re: Why all the angst about RMDs and taxes?

A part of my tracking my net worth has always factored in taxes. My deferred investment bottom line this year was like a receipt: Sub total X: Total X - 24%. I always focused on the actual after tax based on current year tax category, as my plan called for same level of income in retirement. Now IRM...
by Stoic9
Wed Jan 01, 2020 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Retirement numbers
Replies: 4
Views: 1837

Retirement numbers

I track numerous numbers based on the Gregorian calendar but I also track based on my retirement date. According to Excel this is my 884th day of retirement and my Net Worth is up 21.23%. Not bad given it covers 2018 (down year for Stocks), and 2019 (up year for stocks). Both years were busy with en...
by Stoic9
Mon Dec 30, 2019 10:17 am
Forum: Personal Investments
Topic: Fun with FIRECalc
Replies: 31
Views: 3356

Re: Fun with FIRECalc

I'd be interested in individuals who ran analysis and stuck with their plan how close it has turned out over 5/10/15 years. I've been retired 2.5 years Ran an analysis and came up with SWR %. While a small sample, to date it has not been close, of course 2018 (first year of full retirement) market w...
by Stoic9
Fri Dec 27, 2019 7:14 am
Forum: Personal Investments
Topic: Heads Up - Rebalance
Replies: 22
Views: 2477

Re: Heads Up - Rebalance

I like this....Back in 2018 I setup a brokerage sub account and started dumping cash in it. I nicknamed it Market Crash 2020. I'm ready to pounce, did a little this time last year but knew it wasn't the real thing.
by Stoic9
Tue Dec 24, 2019 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Changes to 401(k) and IRAs, SECURE Act - It's signed
Replies: 292
Views: 23478

Re: Changes to 401(k) and IRAs, SECURE Act - It's signed

This is probably answered in here somewhere but I've not found. The old rules were complex for RMD withdraw in my opinion. It was a matter of what time a year you turn 70.5 and then whether you had to take only 1 or 2 withdraws based on the Gregorian calendar. How do the new rules work (I should pr...
by Stoic9
Tue Dec 24, 2019 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Changes to 401(k) and IRAs, SECURE Act - It's signed
Replies: 292
Views: 23478

Re: Changes to 401(k) and IRAs, SECURE Act - It's signed

This is probably answered in here somewhere but I've not found. The old rules were complex for RMD withdraw in my opinion. It was a matter of what time a year you turn 70.5 and then whether you had to take only 1 or 2 withdraws based on the Gregorian calendar. How do the new rules work (I should pro...
by Stoic9
Thu Dec 19, 2019 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Is anyone here surviving without a credit card?
Replies: 85
Views: 4409

Re: Is anyone here surviving without a credit card?

We travel a lot so they are a benefit to us. we have been to places that only accept CC, some places are weaning away from cash. This is a great benefit to governments to track the economy...spending, taxes, etc. Governments hate cash users.
by Stoic9
Thu Dec 19, 2019 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Is any one uncomfortable with their wealth?
Replies: 152
Views: 12293

Re: Is any one uncomfortable with their wealth?

As a child I was third world poor, now retired I have passive income, portfolio, real estate, 0 debt. We spend half the year traveling overseas, we can't spend our passive income each year. I'm entering 3rd year retired and spent two years volunteering at a senior center. There were some braggarts t...
by Stoic9
Wed Dec 18, 2019 7:21 am
Forum: Personal Finance (Not Investing)
Topic: Changes to 401(k) and IRAs, SECURE Act - It's signed
Replies: 292
Views: 23478

Secure Act

[Merged here, thread remains locked -- mod oldcomputerguy]

What is the logic behind extending RMD's 1.5 years?
by Stoic9
Sun Dec 15, 2019 9:01 am
Forum: Personal Investments
Topic: Vanguard sent me instructions that have me [concerned].
Replies: 31
Views: 4355

Re: Vanguard sent me instructions that have me conserned.

Yes I received this message before. I went to vanguard site and found where they sent me a message so felt it legit. I'm the trust agent on my adult daughters accounts as I also act as her financial advisor. She has worked out of country most her life so it makes it easy for me to act if she needs m...
by Stoic9
Thu Dec 12, 2019 7:38 am
Forum: Personal Investments
Topic: Vanguard is confusing me
Replies: 11
Views: 1683

Re: Vanguard is confusing me

Thanks everyone, I think the confusion was that without 'non retirement type' income I can not open a new account at Vanguard with NEW contributions. I can however open a new T and R IRA vanguard account and just move my existing monies from my USAA T and R IRA to vanguard.
by Stoic9
Wed Dec 11, 2019 10:43 am
Forum: Personal Investments
Topic: Vanguard is confusing me
Replies: 11
Views: 1683

Vanguard is confusing me

I want to close my USAA Tira and Rira accounts and move to Vanguard. I'm retired (no income). With no 'current' income can I open a T and R ira at Vanguard and transfer funds from USAA to VG?
by Stoic9
Wed Dec 11, 2019 7:30 am
Forum: Personal Finance (Not Investing)
Topic: Those with USAA [who moved to Vanguard]
Replies: 29
Views: 2969

Those with USAA [who moved to Vanguard]

I notice several on here have USAA. Those that left USAA and moved to Vanguard, what was your reasoning? Any issues doing this.
by Stoic9
Tue Dec 10, 2019 9:54 am
Forum: Personal Finance (Not Investing)
Topic: What Metrics do you use to Monitor the Health of your Retirement Plan?
Replies: 31
Views: 2233

Re: What Metrics do you use to Monitor the Health of your Retirement Plan?

My retirement plan had 3 pillars: Finance, health, relationships Finance had 4 parts: Passive income, Portfolio, Real Estate, debt. Each had a number based on what I thought achievable. ( I grew up third world poor so never a question of if I'd have enough to 'live'). Break those numbers down into t...
by Stoic9
Wed Dec 04, 2019 8:30 am
Forum: Personal Finance (Not Investing)
Topic: 2018 Schedule D tax worksheet revised by IRS!
Replies: 7
Views: 1309

Re: 2018 Schedule D tax worksheet revised by IRS!

Post like this make this site invaluable. Thanks.
by Stoic9
Mon Dec 02, 2019 11:24 am
Forum: Personal Finance (Not Investing)
Topic: How Much Is The Value of Your Net Worth Important to You?
Replies: 74
Views: 6697

Re: How Much Is The Value of Your Net Worth Important to You?

I did not have a leave it to beaver childhood, I left at 17 with $10 in my pocket (a gift from someone). When I retired 2.5 years ago I was shocked (even though I had planned and tracked my retirement. 1. passive income of almost 200K (will add SS to this in 8 years) 2. Portfolio 7 figures 3. Rental...
by Stoic9
Wed Nov 20, 2019 7:16 am
Forum: Investing - Theory, News & General
Topic: Vanguard’s chief economist says [elevated risk of stock drawdowns]
Replies: 54
Views: 6640

Re: Vanguard’s chief economist says [elevated risk of stock drawdowns]

danielc wrote:
Tue Nov 19, 2019 4:26 pm

Hope spring's eternal... I am in the accumulation phase and I would LOVE a market downturn, but I'm not going to get my hopes up.
Been retired 2.5 years, I miss accumulating...more specific that thrill of getting a raise or promotion and calculating how much more I'd be investing.
by Stoic9
Tue Nov 19, 2019 9:16 am
Forum: Investing - Theory, News & General
Topic: market went down in 2018, so why do people forget that
Replies: 48
Views: 5411

Re: market went down in 2018, so why do people forget that

I suppose it depends on how you measure and on where you are in the market (accumulation, spending, accumulated but don't need, etc). As for me I did not like 2018 but it wasn't a surprise. I look at two measures 1. Yearly based on Gregorian calendar because its an easy measure to find data (I have ...
by Stoic9
Tue Nov 19, 2019 9:04 am
Forum: Investing - Theory, News & General
Topic: Vanguard’s chief economist says [elevated risk of stock drawdowns]
Replies: 54
Views: 6640

Re: Vanguard’s chief economist says...

[/quote] At that point will the big institutional investors start moving money to international equities? [/quote] I'm not one of the super wealthy that is hoarding cash but I do have a sub brokerage account I nicknamed Market crash 2020 where I'm posed to buy up any bargains when it happens. Otherw...
by Stoic9
Tue Nov 19, 2019 7:41 am
Forum: Investing - Theory, News & General
Topic: Vanguard’s chief economist says [elevated risk of stock drawdowns]
Replies: 54
Views: 6640

Vanguard’s chief economist says [elevated risk of stock drawdowns]

Why Vanguard’s chief economist says there is an elevated risk of a ‘large drawdown’ in stocks


https://www.marketwatch.com/story/why-v ... latestnews
by Stoic9
Mon Nov 18, 2019 2:52 pm
Forum: Personal Investments
Topic: Pay 0% on capital gains, or do larger Roth conversion?
Replies: 21
Views: 2041

Re: Pay 0% on capital gains, or do larger Roth conversion?

I'll take a stab at this...but please feel free to point our any errors on my part as this is a rather complicated problem. As I understand it, the IRMAA floor is $170,000 MAGI for MFJ couple. The surcharge for being just above that is $189/mo; or about $2268/year. Is the $189 per month a correct f...