Search found 52 matches

by Workinprogress
Fri Oct 25, 2019 12:46 pm
Forum: Personal Investments
Topic: Should I have money in a taxable account for retirement spending diversification?
Replies: 20
Views: 1389

Re: Should I have money in a taxable account for retirement spending diversification?

It looks like your advice to do the ROTH conversions after retirement and before SS is a good plan. I just am a bit confused/concerned about the higher income and what it does to health care costs. Further reading is in order, on that matter. What is your plan for healthcare coverage from retiremen...
by Workinprogress
Fri Oct 25, 2019 12:37 pm
Forum: Personal Investments
Topic: Should I have money in a taxable account for retirement spending diversification?
Replies: 20
Views: 1389

Re: Should I have money in a taxable account for retirement spending diversification?

Dottie57 wrote:
Fri Oct 25, 2019 11:54 am
Sock away as much as possible. Tax deferred, Roth, HSA if applicable and then taxable. You will be happy you did.
We are working on it. Thanks for the cheer leading, it always helps to hear an affirmation of your plan.
by Workinprogress
Fri Oct 25, 2019 12:35 pm
Forum: Personal Investments
Topic: Should I have money in a taxable account for retirement spending diversification?
Replies: 20
Views: 1389

Re: Should I have money in a taxable account for retirement spending diversification?

It's sort of a small point, but I'd try to reduce or eliminate the following fund in favor of a less expensive (lower expense ratio) bond fund in another tax deferred account. 13% MWTSX Metropolitan West total bond 110K (.37%) Regards, Thank you for your advice about treating the portfolio as a who...
by Workinprogress
Fri Oct 25, 2019 12:31 pm
Forum: Personal Investments
Topic: Should I have money in a taxable account for retirement spending diversification?
Replies: 20
Views: 1389

Re: Should I have money in a taxable account for retirement spending diversification?

Your second paragraph about the METWest fund really exposed my ignorance about under lying basics, having mentioned "market correlation", a term of which I am unfamiliar. Thank you for your knowledgeable evaluation of these funds. Let me take a stab. Market Correlation means what happens to the fun...
by Workinprogress
Fri Oct 25, 2019 11:08 am
Forum: Personal Investments
Topic: Should I have money in a taxable account for retirement spending diversification?
Replies: 20
Views: 1389

Re: Should I have money in a taxable account for retirement spending diversification?

It's sort of a small point, but I'd try to reduce or eliminate the following fund in favor of a less expensive (lower expense ratio) bond fund in another tax deferred account. 13% MWTSX Metropolitan West total bond 110K (.37%) Regards, Thank you for your advice about treating the portfolio as a who...
by Workinprogress
Fri Oct 25, 2019 11:04 am
Forum: Personal Investments
Topic: Should I have money in a taxable account for retirement spending diversification?
Replies: 20
Views: 1389

Re: Should I have money in a taxable account for retirement spending diversification?

Addressing your second question, you have some nice options in your plans. I suggest consolidating your bonds in the traditional IRA to lower your overall expenses. I would also focus VTSAX in the Roth accounts, based on the assumption that domestic stocks will outperform global. That's not a given...
by Workinprogress
Fri Oct 25, 2019 10:51 am
Forum: Personal Investments
Topic: Should I have money in a taxable account for retirement spending diversification?
Replies: 20
Views: 1389

Re: Should I have money in a taxable account for retirement spending diversification?

Because you are MFJ, you should definitely put $14,000 ($7000 for each of you) into Roth before you put anything in taxable. You can withdraw contributions before age 59.5 if you retire early. All growth is tax-free and withdrawals aren’t included in your modified adjusted gross income (MAGI) for m...
by Workinprogress
Fri Oct 25, 2019 10:46 am
Forum: Personal Investments
Topic: Should I have money in a taxable account for retirement spending diversification?
Replies: 20
Views: 1389

Re: Should I have money in a taxable account for retirement spending diversification?

It is good to have tax diversified accounts and from that perspective it would be good to have more savings in a Roth account or Taxable account. It would give you more flexibility to control taxable income in retirement. Access to your funds for retirement spending won’t be an issue. Does your 457...
by Workinprogress
Fri Oct 25, 2019 10:41 am
Forum: Personal Investments
Topic: Should I have money in a taxable account for retirement spending diversification?
Replies: 20
Views: 1389

Re: Should I have money in a taxable account for retirement spending diversification?

Given the plethora of exceptions to the age 59 1/2 rule, I would be VERY hesitant to pass up on a retirement account contribution in order to invest in a taxable account, especially if you're already in your 50s. Google SEPP rule and you'll likely feel pretty reassured about that approach. Thank yo...
by Workinprogress
Fri Oct 25, 2019 10:37 am
Forum: Personal Investments
Topic: Should I have money in a taxable account for retirement spending diversification?
Replies: 20
Views: 1389

Re: Should I have money in a taxable account for retirement spending diversification?

You have total assets of 1.15 million in mostly tax deferred assets, and you are also coming up to the age 59.5 soon. Pension = 12k per year, and a 4% withdrawal on 1.15 million = $46k, for a cumulative safe income of $58k per year. Is this $58k per year sufficient for your projected retirement lif...
by Workinprogress
Thu Oct 24, 2019 3:18 pm
Forum: Personal Investments
Topic: Should I have money in a taxable account for retirement spending diversification?
Replies: 20
Views: 1389

Should I have money in a taxable account for retirement spending diversification?

Greetings, Two questions; First, I am contributing 25,000 to my 457 acct annually, employer only matches up to 50% of 9,500. Should I be taking some of the excess above employer match and deploying it to a taxable acct for retirement withdrawal diversity? Currently no Taxable funds outside 20-30K in...
by Workinprogress
Wed Jul 31, 2019 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Death before Taxes are Due and No Heirs
Replies: 11
Views: 1305

Re: Death before Taxes are Due and No Heirs

I must be of too frugal a mindset..I cannot imagine being able to burn through a million in less than a year, especially if I were ill enough to die soon.
by Workinprogress
Thu Jul 25, 2019 2:17 am
Forum: Personal Finance (Not Investing)
Topic: How do you deal with looking bad compared to others?
Replies: 77
Views: 5571

Re: How do you deal with looking bad compared to others?

It's not about keeping up or anything. Your friends/family that do this are jerks. You recognize this, but instead of addressing the nasty snide behavior, you feel the need to ignore and let them keep making nasty rude remarks. So either laugh it off and make it a joke or nicely and firmly call the...
by Workinprogress
Thu Jun 06, 2019 1:52 pm
Forum: Personal Consumer Issues
Topic: How to pay electrician
Replies: 38
Views: 3700

Re: How to pay electrician

My thought is that while it is always hard for me to get a bill for more than I expected, in this instance I would pay and move forward. After reading here for a while, I imagine myself to be one of the least affluent and definitely the most miserly. This is a bill I would not hesitate to pay. Reaso...
by Workinprogress
Sun Jun 02, 2019 12:12 am
Forum: Personal Consumer Issues
Topic: Driveway Stain - What is it?
Replies: 11
Views: 1244

Re: Driveway Stain - What is it?

Not likely AC condensate, that is just water from the air. Many newer work vehicles have a radiator surge tank on the firewall. More on the passenger side than the driver side that has the brake booster in the way. Antifreeze will soak into the surface and leave a mark for a while. Next, it may have...
by Workinprogress
Thu May 23, 2019 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Are you missing a $15,000 payment from CRB FREEDOM?
Replies: 28
Views: 4951

Re: Are you missing a $15,000 payment from CRB FREEDOM?

Posting to follow. if there is a way to mark a thread to follow it without posting please let me know. Look directly below this post and see a wrench. Click on the wrench and I think four choices show up. Click the subscribe to remove the check, and you are following. (Kind of counter intuitive to ...
by Workinprogress
Thu May 23, 2019 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Are you missing a $15,000 payment from CRB FREEDOM?
Replies: 28
Views: 4951

Re: Are you missing a $15,000 payment from CRB FREEDOM?

It will be interesting to see the outcome. Even if it is just a clerical error. I love this sort of whodunit. Thanks for sharing.
by Workinprogress
Wed May 22, 2019 1:26 am
Forum: Personal Finance (Not Investing)
Topic: Keeping mortgage for possible refinace in future, or pay it off?
Replies: 2
Views: 454

Re: Keeping mortgage for possible refinace in future, or pay it off?

Thank you mhalley. I feel kind of silly now for asking such a simple question. I had just not used the correct search terms and let my confirmation bias take over common sense.
by Workinprogress
Tue May 21, 2019 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Keeping mortgage for possible refinace in future, or pay it off?
Replies: 2
Views: 454

Keeping mortgage for possible refinace in future, or pay it off?

We have a mortgage with about 39K balance @3.25% that will pay off in August of 2021. I have not paid it off because I think I may want to buy an airplane with credit, if I find the right one. My thought was to "cash-out" refinance the house to get the money at the lower interest rate afforded a mor...
by Workinprogress
Mon May 20, 2019 3:02 pm
Forum: Personal Consumer Issues
Topic: If you liked “They Shall Not Grow Old” - “Cold Blue” coming May 23
Replies: 13
Views: 2058

Re: If you liked “They Shall Not Grow Old” - “Cold Blue” coming May 23

Typ997S wrote:
Mon May 20, 2019 11:21 am

Maybe try Fandango.com com or the Fandango app. Worked for me...
Thank you for the guidance. Not showing close to me.
by Workinprogress
Sun May 19, 2019 11:20 pm
Forum: Personal Consumer Issues
Topic: If you liked “They Shall Not Grow Old” - “Cold Blue” coming May 23
Replies: 13
Views: 2058

Re: If you liked “They Shall Not Grow Old” - “Cold Blue” coming May 23

I am not one to go to a movie normally, so I have no experience finding tickets for this event. I have searched the local theaters to no avail. The Vulcan Productions site does not list affiliated theaters. Is it maybe only at AMC Theaters? I do see it listed there, but they are only in Seattle and ...
by Workinprogress
Sun May 19, 2019 12:21 am
Forum: Personal Consumer Issues
Topic: Vacation to Death Valley in November.
Replies: 9
Views: 1078

Re: Vacation to Death Valley in November.

Not sure of your budget, but if you are like us, Beatty, NV is not so far away as to create an undue hardship.

Three days is not enough for our hiking/exploring appetite. Five is about right for us each time.

I just love that place.
by Workinprogress
Sat May 11, 2019 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Inherited Roth IRA
Replies: 17
Views: 1548

Re: Inherited Roth IRA

The link provided by BL is great, but maybe more of a masters level study, wow! Not an easy read, for me at least.
by Workinprogress
Mon May 06, 2019 3:14 pm
Forum: Personal Consumer Issues
Topic: Buying an Enclosed Utility Trailer - Advice?
Replies: 15
Views: 1097

Re: Buying an Enclosed Utility Trailer - Advice?

How about a toy hauler for your snowmobiles in Montana. If you do not get any toys, then you can sell it to your neighbor, that does have them. Crazy expensive on both the new and used market. That does not seem to stem the tide of people that "have" to have one.
by Workinprogress
Tue Apr 30, 2019 10:15 pm
Forum: Personal Consumer Issues
Topic: What Are Your Simple Pleasures?
Replies: 145
Views: 13444

Re: What Are Your Simple Pleasures?

Sitting on the front deck cracking nuts I grew, talking with my wife and watching all the birds flying and soaring.
by Workinprogress
Tue Apr 30, 2019 11:49 am
Forum: Personal Consumer Issues
Topic: EXTREMELY frugal things from our parents and grandparents
Replies: 110
Views: 10439

Re: EXTREMELY frugal things from our parents and grandparents

Smoke wrote:
Tue Apr 30, 2019 7:57 am
Strangely enough both my Brother and I both got into investing, but because of growing up in a family with those attitudes we both can make the "Indian ride the Buffalo" to this day.
That is a good one that I have never heard before. Thanks for sharing.
by Workinprogress
Mon Apr 29, 2019 1:27 am
Forum: Personal Consumer Issues
Topic: EXTREMELY frugal things from our parents and grandparents
Replies: 110
Views: 10439

Re: EXTREMELY frugal things from our parents and grandparents

I think my upbringing and early years of lean times have made me into the person of whom you speak. As one of seven children, my first new cloths were as a senior in High School. Luckily for me, my wife allows these odd behaviors, with just a shake of the head. A always use not only the outer bread ...
by Workinprogress
Mon Apr 22, 2019 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Cost basis of land after a boundary line adjustment
Replies: 10
Views: 905

Re: Cost basis of land after a boundary line adjustment

I am just trying to discern if it is worth it for me to sell the land at this time or just let it sit there due to too much income tax burden. It would be 15% LT cap. gains today vs no gains if I sell it as a package with my home place in 15-20 years. I am not an accounting pro but I would suspect ...
by Workinprogress
Mon Apr 22, 2019 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Cost basis of land after a boundary line adjustment
Replies: 10
Views: 905

Re: Cost basis of land after a boundary line adjustment

You need to calculate the basis for the land upon which your home sits, possibly using the total basis for your home pro rated based on the county's allocation between land and building. Once you have that you can subtract a portion of the land basis of your home and assign it to the lot you are se...
by Workinprogress
Mon Apr 22, 2019 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Cost basis of land after a boundary line adjustment
Replies: 10
Views: 905

Re: Cost basis of land after a boundary line adjustment

Except for the neighbors adjoining the lot, I can't think of anyone interested in buying a 15ft wide lot. Unless your buyer is someone looking for space to park their RV. :mrgreen: Sounds as if OP split off some land from his neighboring lot to merge with this 15'x300' parcel, yielding two parcels ...
by Workinprogress
Mon Apr 22, 2019 12:49 am
Forum: Personal Finance (Not Investing)
Topic: Cost basis of land after a boundary line adjustment
Replies: 10
Views: 905

Cost basis of land after a boundary line adjustment

The story begins in Washington State. Start with home purchase on a piece of land in 2003. The county tax auditor finds a 15' wide strip of land adjacent to mine, to have no legal owner. Some kind of error 50-100 years ago. The property is sold to me at a county auction for $1000 in 2008. This gives...
by Workinprogress
Wed Apr 10, 2019 11:50 am
Forum: Personal Investments
Topic: Defer Pension?
Replies: 10
Views: 852

Re: Defer Pension?

I think that there will be a question as to whether there are "cost of living adjustments" associated with this amount.
by Workinprogress
Wed Apr 10, 2019 11:46 am
Forum: Personal Investments
Topic: Best time to contribute money to Roth IRA?
Replies: 17
Views: 1534

Re: Best time to contribute money to Roth IRA?

My vote is to get it in the game as soon as it is available to play. One cannot win if they are not participating.
by Workinprogress
Tue Apr 09, 2019 12:43 pm
Forum: Personal Investments
Topic: Minutiae is in the eye of the beholder-Help, something's in my eye!
Replies: 29
Views: 2228

Re: Minutiae is in the eye of the beholder-Help, something's in my eye!

While I am not a career financial player, I do consider it my avocation and something that I am passionate about. Possibly to the point of obsessiveness. I think your spouse has been signaling to you that she doesn't want her retirement accounts to come under your control. Maybe it is because she d...
by Workinprogress
Tue Apr 09, 2019 12:19 pm
Forum: Personal Investments
Topic: Minutiae is in the eye of the beholder-Help, something's in my eye!
Replies: 29
Views: 2228

Re: Minutiae is in the eye of the beholder-Help, something's in my eye!

You might consider simply initiating a quarterly, semi-annually or annually review of your finances, essentially from the context of all investments representing a single portfolio. That could open up a discussion broader of overlap, diversity of the "portfolio," goals, available choices, discussio...
by Workinprogress
Tue Apr 09, 2019 11:55 am
Forum: Personal Investments
Topic: Minutiae is in the eye of the beholder-Help, something's in my eye!
Replies: 29
Views: 2228

Re: Minutiae is in the eye of the beholder-Help, something's in my eye!

The biggest determinant of your wife's retirement funding is her available income. Next is her contribution level. Far below those two, very far below, is her asset allocation and then her investment costs. Do you micromanage her career? Do you tell her what jobs to shoot for, how to make herself a...
by Workinprogress
Tue Apr 09, 2019 2:59 am
Forum: Personal Investments
Topic: Minutiae is in the eye of the beholder-Help, something's in my eye!
Replies: 29
Views: 2228

Re: Minutiae is in the eye of the beholder-Help, something's in my eye!

Could you backtest her portfolio vs. your ideal portfolio on like portfoliovisualizer.com to show the difference in return, good or bad. And then, presumably, take the increased return, and run it through a compound interest calculator to see the difference in $$$, not to mention the $1k savings. T...
by Workinprogress
Tue Apr 09, 2019 2:12 am
Forum: Personal Investments
Topic: Minutiae is in the eye of the beholder-Help, something's in my eye!
Replies: 29
Views: 2228

Re: Minutiae is in the eye of the beholder-Help, something's in my eye!

For the funds in the Traditional IRA and the Roth IRA, they are invested in mostly American funds. While these are active funds and they do have higher expense ratios than index funds, they are also well run with low turnover. If you look up each ticker, about half of them have beaten their index o...
by Workinprogress
Tue Apr 09, 2019 1:58 am
Forum: Personal Investments
Topic: Minutiae is in the eye of the beholder-Help, something's in my eye!
Replies: 29
Views: 2228

Re: Minutiae is in the eye of the beholder-Help, something's in my eye!

At this point in time, it may not a big deal. But, what do you want to happen after you pass? Will your spouse be better off if all the money goes to the relative at this high cost? Maybe as an intermediate step you can agree to move the ML funds to just one balanced fund. Over time she'll see how ...
by Workinprogress
Tue Apr 09, 2019 1:43 am
Forum: Personal Investments
Topic: Minutiae is in the eye of the beholder-Help, something's in my eye!
Replies: 29
Views: 2228

Re: Minutiae is in the eye of the beholder-Help, something's in my eye!

Conflicts over money in a marriage are serious, though, so my non-financial advice would be for you guys to find a way to talk about these issues without either of you getting so angry or triggered that it turns in to a fight. Fortunately, she is a very good communicator and I have been able to gar...
by Workinprogress
Tue Apr 09, 2019 1:40 am
Forum: Personal Investments
Topic: Minutiae is in the eye of the beholder-Help, something's in my eye!
Replies: 29
Views: 2228

Re: Minutiae is in the eye of the beholder-Help, something's in my eye!

Since the brother likely does not receive the full amount of the fee (due to overhead of ML) and there may be some other broker commission credit buried in the assets in the account maybe there is room for compromise. How about asking DW if the account can be moved to Vanguard (and you get to selec...
by Workinprogress
Mon Apr 08, 2019 3:28 pm
Forum: Personal Investments
Topic: Minutiae is in the eye of the beholder-Help, something's in my eye!
Replies: 29
Views: 2228

Re: Minutiae is in the eye of the beholder-Help, something's in my eye!

do you think there is any reasonable chance she is going to move the accounts away from her brother? IF yes, then I would proceed with caution. If no, then I would not rock the boat and just know you are doing your best with what you can control and at least she is investing to begin with and it ma...
by Workinprogress
Mon Apr 08, 2019 3:09 pm
Forum: Personal Investments
Topic: Minutiae is in the eye of the beholder-Help, something's in my eye!
Replies: 29
Views: 2228

Re: Minutiae is in the eye of the beholder-Help, something's in my eye!

Is your goal to wrest control of your wife’s accounts away from her brother? Or do you just want the brother to make better investment choices? delamer, The type A part of me likely wants the former, although the more rational and larger part of me would be happy with the latter. His management of ...
by Workinprogress
Mon Apr 08, 2019 2:55 pm
Forum: Personal Investments
Topic: Minutiae is in the eye of the beholder-Help, something's in my eye!
Replies: 29
Views: 2228

Re: Minutiae is in the eye of the beholder-Help, something's in my eye!

Can you and your DW meet your joint / combined goals with the portfolios and contributions as they stand now? Or, at an absolute minimum, can they meet those goals for as long as you are alive? REdAudit, A valid point. In retrospect, our goals will be met as the accounts stand now. Thank you for yo...
by Workinprogress
Mon Apr 08, 2019 1:56 pm
Forum: Personal Investments
Topic: Minutiae is in the eye of the beholder-Help, something's in my eye!
Replies: 29
Views: 2228

Minutiae is in the eye of the beholder-Help, something's in my eye!

Greetings, My spouse currently holds her Retirement funds in a Merrill Lynch account under direction of her ML broker brother. Previous discussions regarding allocations have led to a fair amount of discord (yes, I own my part in approaching and pursuing the matter incorrectly :oops: ). So, if I am ...
by Workinprogress
Mon Apr 01, 2019 2:24 am
Forum: Personal Investments
Topic: Regarding allocation and Roth conversion appropriateness
Replies: 9
Views: 934

Re: Regarding allocation and Roth conversion appropriateness

Thank you to all who contributed to my decision making process. I have added my actions in BLUE to the original post. While it was difficult for me to add the BONDS, it will make my spouse happy and seems to fit the general consensus for our age better. The WA state PERS account has been similarly r...
by Workinprogress
Mon Mar 25, 2019 11:42 am
Forum: Personal Investments
Topic: Regarding allocation and Roth conversion appropriateness
Replies: 9
Views: 934

Re: Regarding allocation and Roth conversion appropriateness

Thank you for your comprehensive response lakpr. I had always planned to become more conservative with my allocations when I got closer to retirement, but life happened and all of a sudden here I am without having done so. Actually, I do have the VTIAX international fund in my 457/403, it was just h...
by Workinprogress
Mon Mar 25, 2019 2:26 am
Forum: Personal Investments
Topic: Regarding allocation and Roth conversion appropriateness
Replies: 9
Views: 934

Re: Regarding allocation and Roth conversion appropriateness

Are you sure you want an 80:20 asset allocation, especially at age 58/54? I am 60:40, early 60's. I think it was Graham that said no one should have less than 25% equity, and no more than 75% equity. I think the sweet spot is 40% - 60% equity (my opinion), but can vary depending on individual circu...
by Workinprogress
Mon Mar 25, 2019 1:58 am
Forum: Personal Investments
Topic: Regarding allocation and Roth conversion appropriateness
Replies: 9
Views: 934

Re: Regarding allocation and Roth conversion appropriateness

Thank you for your time and response. I estimate a need for <80K in today's dollars for retirement. I anticipate no post retirement income streams. My withdrawal rate will be whatever it takes to make the 80K lifestyle. At this moment we have about 900K subject to RMDs. At 65 I will receive about 15...
by Workinprogress
Mon Mar 25, 2019 1:38 am
Forum: Personal Investments
Topic: Adjust my AA to compensate for spouse AA?
Replies: 13
Views: 1085

Re: Adjust my AA to compensate for spouse AA?

I wonder how many people are in the position of the OP? In our household, the largest battles have been over how her stock broker brother has mismanaged her funds. One example, >30% of her portfolio in cash from '09 to mid '16. I have just decided to write off any amount that goes in that direction....