Search found 63 matches

by Stoic9
Sun Dec 15, 2019 9:01 am
Forum: Personal Investments
Topic: Vanguard sent me instructions that have me conserned.
Replies: 21
Views: 2139

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: 1616

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: 1616

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: 20
Views: 1979

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: 2109

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: 4
Views: 828

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: 6326

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: 53
Views: 6109

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: 5216

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: 53
Views: 6109

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: 53
Views: 6109

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: 1911

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...
by Stoic9
Sun Nov 17, 2019 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: More retirees have a mortgage
Replies: 134
Views: 10302

Re: More retirees have a mortgage

JoeRetire wrote:
Sat Nov 16, 2019 4:00 pm
[
Wow. That's a quick turnaround from a 0 debt plan.
No plan survives contact. We adapt, improvise, overcome. Why take 600k out of my portfolio when I can borrow it for 3.25% or less. My initial plan made the free house a good idea. Now we are looking at a new adventure.
by Stoic9
Sun Nov 17, 2019 1:33 pm
Forum: Personal Investments
Topic: Do you regret rebalancing over the last few years?
Replies: 69
Views: 6256

Re: Do you regret rebalancing over the last few years?

As a pre (got bored) end of year AA assessment I discovered that I had slipped all the way to 82/18 AA. I plan to wait till my usual end of calendar year AA assessment to put it back to 75/25. no regret, of course ask me at the end of next year!
by Stoic9
Sat Nov 16, 2019 10:28 am
Forum: Personal Finance (Not Investing)
Topic: More retirees have a mortgage
Replies: 134
Views: 10302

Re: More retirees have a mortgage

Starting our 3rd year retired (62/59). A part of the plan included 0 debt. To do so we sold our 3 year old house that had a 3.25% mortgage (couldn't pass up their money) and moved into one of our free houses with zero mortgage. Now we are thinking about buying a new house, probably take a mortgage a...
by Stoic9
Fri Nov 15, 2019 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Equal Inheritance for Children
Replies: 109
Views: 10278

Re: Equal Inheritance for Children

Son is single, daughter is married and has one child but that's their choice. I like this, I've had people ask my advice about leaving money to GK and or GGK. My advice is no, you should know how many kids you have (and at your age 99% chance that will not increase), you do NOT know how many GK or ...
by Stoic9
Thu Nov 14, 2019 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Convert Trad to Roth or Not
Replies: 10
Views: 709

Re: Convert Trad to Roth or Not

In similar sit. I think one piece of info is missing. Do you have non IRA monies to pay the taxes? I see two things to consider, both require assumptions/risk. 1. It is possible you or spouse my be single with RMD's are required placing you in a higher tax bracket. 2. The current tax bracket (22%) i...
by Stoic9
Wed Nov 13, 2019 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: The difficulty of discarding frugality?
Replies: 110
Views: 10523

Re: The difficulty of discarding frugality?

As a kid I was poor, I'm talking third world poor. When I married I handled all savings and investing. Wife handled all check book spending. We are both frugal (she was raised middle class (first world). I started with saving automatically 20% (so roughly living on 65-70% of income after taxes) all ...
by Stoic9
Mon Nov 04, 2019 8:45 am
Forum: Personal Investments
Topic: How much money is really needed in retirement?
Replies: 74
Views: 9328

Re: How much money is really needed in retirement?

Any plan requires you make assumptions. When I was 30 I made some wild assumptions of what we (myself and wifeiod) would do in retirement. By 50 I had narrowed assumptions. But for example my current plan (62) is for my LE to be 75 plus or minus 2 years, wifeiod 90 plus or minus 4. Between 30 and 50...
by Stoic9
Fri Sep 20, 2019 12:52 pm
Forum: Investing - Theory, News & General
Topic: A withdrawal strategy without sequence of return risk (kind of)
Replies: 47
Views: 3240

Re: A withdrawal strategy without sequence of return risk (kind of)

I like the work in this. Shows some interesting analysis. Am I correct in that you are really only playing with unneeded monies. You already set your bottom line expenses so overall there is little risk to your survival.
by Stoic9
Thu Sep 19, 2019 10:11 am
Forum: Personal Finance (Not Investing)
Topic: How is IRMAA determined
Replies: 11
Views: 1176

Re: How is IRMAA determined

Understood, thanks. My purpose is to figure strategy for Roth conversions. I'm thinking shoot for 170K MAGI (MFJ) for 2020 and I should be ok.
by Stoic9
Thu Sep 19, 2019 6:17 am
Forum: Personal Investments
Topic: Should We Roll Over Our TSP Accounts?
Replies: 9
Views: 828

Re: Should We Roll Over Our TSP Accounts?

I believe the non-spouse can also have the TSP account transferred to their inherited IRA without paying taxes.
by Stoic9
Wed Sep 18, 2019 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: How is IRMAA determined
Replies: 11
Views: 1176

How is IRMAA determined

I turn 65 in July 2022, at that time I have to take Medicare. Are rates set (IRMAA) based on my 2020 Income that I file (taxes) in April 2021?
by Stoic9
Fri Sep 13, 2019 2:27 pm
Forum: Investing - Theory, News & General
Topic: "Retirement Risk Solutions"
Replies: 34
Views: 2426

Re: "Retirement Risk Solutions"

Interesting read, probably the scariest is the last one...Public Policy Risk.
by Stoic9
Mon Sep 09, 2019 2:22 pm
Forum: Investing - Theory, News & General
Topic: 5% Withdrawal Rate Recommended by US News Columnist
Replies: 141
Views: 12167

Re: 5% Withdrawal Rate Recommended by US News Columnist

Sounds like a 'can't take it with you' plan. Say I live beyond 'average' life exp. Live it up now. I can always pull back and live off SS in old old age. My neighbor is 91, thought she'd live to 80, ran out of money at 87. Now she lives on SS and is fine, she can get a ride to the senior center and ...
by Stoic9
Sun Sep 01, 2019 11:56 am
Forum: Personal Investments
Topic: Avoid grandson poverty
Replies: 76
Views: 9710

Re: Avoid grandson poverty

I'm opposed to any assistance to 'grand' children. They are not yours. Say you have 3 children. 1 has 5 kids by 3 marriages, 1 has 2 kids, 1 has none. You have 300k. You should give each of your children 100K and if they use it to help THEIR children so be it. You gave equally to each of your childr...
by Stoic9
Sun Jun 30, 2019 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Did Retirement Spending go as You Planned?
Replies: 47
Views: 5211

Re: Did Retirement Spending go as You Planned?

No plan survives contact. We are spending exactly what I planned. Plan: 1) pay bills, whatever they are 2) travel, whenever we want. My plan estimated about 200% of pre-retirement, Just hit two years of retirement and we are at 140% spend average. Trying hard to increase.
by Stoic9
Tue Apr 16, 2019 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Best option for child inheritance
Replies: 12
Views: 1181

Re: Best option for child inheritance

How do you know how much they put in 401k, Roth, or anything else? Do you get statements or is it on the honor system? I'm their financial manager, I have all access to their accounts. This child is one of those perfect people. I see a parent who won't let go. Well its our book if you choose to jud...
by Stoic9
Tue Apr 16, 2019 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Best option for child inheritance
Replies: 12
Views: 1181

Re: Best option for child inheritance

If you do Option A, just make it a gift with no strings attached. It sounds like this is an adult child. Requiring them to max this or that account gets into micromanaging their finances, IMO. It may not even be optimal to max a 401k making $40K. You could give them a copy of The Bogleheads Guide w...
by Stoic9
Tue Apr 16, 2019 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Best option for child inheritance
Replies: 12
Views: 1181

Re: Best option for child inheritance

NotWhoYouThink wrote:
Tue Apr 16, 2019 11:27 am
How do you know how much they put in 401k, Roth, or anything else? Do you get statements or is it on the honor system?
I'm their financial manager, I have all access to their accounts. This child is one of those perfect people.
by Stoic9
Tue Apr 16, 2019 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Best option for child inheritance
Replies: 12
Views: 1181

Best option for child inheritance

Background: Our child makes about 40K a year before taxes. we can gift them 30K a year. We have a TSP (tax deferred) account that we don't plan to need but would have RMD's in 9 years. Given the rules on inheriting a TSP.... Option A Withdraw 30K a year pay taxes and give to child (30K keeps us with...
by Stoic9
Mon Apr 08, 2019 10:25 am
Forum: Investing - Theory, News & General
Topic: Did I read this correctly? SS and your AA
Replies: 36
Views: 4384

Did I read this correctly? SS and your AA

I read this, this morning. 'Our research finds that those with more wealth should hold less equity exposure than those with less wealth. This is not because of growing risk aversion as one ages. Rather, it’s because as wealth grows, Social Security — which mimics the role of bonds in providing an in...
by Stoic9
Sat Apr 06, 2019 6:09 am
Forum: Personal Investments
Topic: Grandparents gifting options for grandkids college
Replies: 48
Views: 3434

Re: Grandparents gifting options for grandkids college

I've always found this an interesting debate. I'm opposed to the idea of grandkids getting anything. It's a flawed system. 1. Grand kids per actual child different in numbers from 0 to indefinite 2. Grandkids numbers change during grandparents life (1st marriage or and possible future baby mamma/dad...
by Stoic9
Thu Apr 04, 2019 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Taxes taxes and Turbo tax updates
Replies: 2
Views: 261

Taxes taxes and Turbo tax updates

I completed my taxes in mid FEB with Turbo Tax as usual. I almost always owe so I then sit on them till APR 12. I revisit periodically as I get curious...or more likely ...I convince myself I forgot something. My point is, every time I revisit Turbo tax it says "let's update turbo tax" which I click...
by Stoic9
Sun Mar 31, 2019 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Sale of rental property calculator
Replies: 0
Views: 222

Sale of rental property calculator

Shortly after I retired we sold the mortgaged house (FEB 2018) and moved into one of our free houses. Bought in the 90's rented till we sold mortgage house. Plan to sell in 2020 after two years (long term plan to divest from real estate). I know the rules changed in 2009 so there's a lot of math to ...
by Stoic9
Sat Mar 30, 2019 3:32 pm
Forum: Personal Investments
Topic: How often do you check your accounts?
Replies: 53
Views: 3398

Re: How often do you check your accounts?

I retired late 2017 so 2018 was my first full year of retirement. I check, monthly, quarterly, and annually. I do a SS that shows gain/loss for each of these. I also do a special one that compares my portfolio the day I retired and compares to each of those. A special feature allows me to view a dai...
by Stoic9
Fri Mar 29, 2019 7:57 am
Forum: Investing - Theory, News & General
Topic: Conversion Strategy and a market drop
Replies: 24
Views: 1868

Conversion Strategy and a market drop

Anyone holding off on converting to ROTH in anticipation of the market dropping? What is your reasoning for or against?
by Stoic9
Thu Mar 28, 2019 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Half of American retirees have no savings
Replies: 49
Views: 2207

Re: The Retirement Crisis

I agree with some of the concern about this article. It is only one article with multiple sources of data. Lets start with the Macro and move to the Micro. Is this a crisis? What is a crisis? Having one of the largest population in the country (Baby Boomers, those raised by the WWII generation) able...
by Stoic9
Thu Mar 21, 2019 9:52 am
Forum: Investing - Theory, News & General
Topic: TSP RMD's
Replies: 38
Views: 3995

Re: TSP RMD's

The way I understand TSP is that it is not an IRA. So to convert I have to roll my TSP into my tIRA at another firm, then roll it into my ROTH. My question is timing. If I have TSP send (rollover) money to tIRA firm then have firm roll into the ROTH it is at the moment it leaves the tIRA that tax is...
by Stoic9
Fri Mar 15, 2019 9:10 am
Forum: Investing - Theory, News & General
Topic: tIRA to Roth because of 2027 deadline on tax brackets
Replies: 10
Views: 853

Re: tIRA to Roth because of 2027 deadline on tax brackets

rkhusky wrote:
Fri Mar 15, 2019 7:27 am
I thought the TCJA was currently valid through 2025.
Correct, affecting the 2026 tax year, however I hit RMD in 2027.
by Stoic9
Fri Mar 15, 2019 9:08 am
Forum: Investing - Theory, News & General
Topic: tIRA to Roth because of 2027 deadline on tax brackets
Replies: 10
Views: 853

Re: tIRA to Roth because of 2027 deadline on tax brackets

The key question is: Are you sure your marginal tax bracket will not be 25% when the current tax rates expire in 2026? Have you built a spreadsheet showing your estimated projected annual income from 2019 through your early 70s? If not, I would recommend you undertake that exercise which will inclu...
by Stoic9
Fri Mar 15, 2019 6:37 am
Forum: Investing - Theory, News & General
Topic: tIRA to Roth because of 2027 deadline on tax brackets
Replies: 10
Views: 853

tIRA to Roth because of 2027 deadline on tax brackets

I'm at the bottom of the 22% bracket so whether I take now or later my money will be taxed at 22% based on current rules. However I turn 70 in 2027 which is when tax brackets are scheduled to raise back up (if not sooner). Anyone else considering this strategy?
by Stoic9
Mon Mar 04, 2019 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Who does their own taxes?
Replies: 111
Views: 8214

Re: Who does their own taxes?

I do our taxes every year (at least 35 years). I do mine with Turbo tax software and a bottle of bourbon. I tried one year to do them without the software great year I didn't owe anything.
by Stoic9
Sat Mar 02, 2019 11:24 am
Forum: Personal Finance (Not Investing)
Topic: BH could you live off your SS benefit?
Replies: 141
Views: 8052

Re: BH could you live off your SS benefit?

Yes, we are debt free and MCOL area so we could pay our bills and live fairly nice lives if needed. We don't have to as we planned and are financially literate people. Most seniors I know that have trouble with living off only SS are those with extra issues (raising grand children, high debt, poor f...
by Stoic9
Sat Feb 16, 2019 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Budgeting - What Do You Spend?
Replies: 46
Views: 5497

Re: Retirement Budgeting - What Do You Spend?

My monthly/yearly projection for 2019. This does not included the 6 months a year we travel (80-90K) Expense 105 MONTHLY YEARLY 2019 105 Property Taxes 190 2280 105 Property INS 84 1008 0 0 Water 70 840 Garbage 16.34 196.08 EMC /ELECTRIC 150 1800 Water drainage spill 6.5 78 Cable 95 1140 Termite 13 ...
by Stoic9
Sat Feb 16, 2019 11:04 am
Forum: Personal Finance (Not Investing)
Topic: More Bad News for USAA Bank
Replies: 61
Views: 11532

Re: More Bad News for USAA Bank

Very disappointed, been with them for 30+ years strictly out of loyalty and ease of service. I hope to see some heads role and some new talent that places mission and customers first.
by Stoic9
Sat Feb 16, 2019 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Do you tell your beneficiaries?
Replies: 69
Views: 4703

Re: Do you tell your beneficiaries?

Mine are wifeiod, daughter-roo (adult), charity. They all know and know exact amounts through regular updates. If daughter-roo were to marry then I would rethink plan.
by Stoic9
Thu Jan 24, 2019 10:22 am
Forum: Investing - Theory, News & General
Topic: Your Retirement W/D method and why?
Replies: 40
Views: 4058

Re: Your Retirement W/D method and why?

Just completed my first full year of retirement, so far we live off my pension and 70K savings with no issues. Going forward my plan I think will be. I have a portfolio and rental property and zero debt. When I retired we moved into one of our rental properties (free house) 2019 good with my pension...
by Stoic9
Sat Jan 19, 2019 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: How much money did you receive from family? (Gifts/inheritance)
Replies: 127
Views: 15125

Re: How much money did you receive from family? (Gifts/inheritance)

Zero, barely made it to 17, joined the Army, went to college on GI Bill, got married, retired last year at 60. Would never let my wife or child go through my childhood. Pension, north of 100K a year Portfolio, north of 1M Rental Property, north of 1M Debt, zero Travel the world Still shop at thrift ...
by Stoic9
Thu Jan 17, 2019 7:04 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 4140
Views: 1188880

Re: What Book Are You Currently Reading? Part VI

Educated by Tara Westover, I'm a consistent reader and this is the best book I've read in 3-5 years maybe more.