Search found 134 matches

by Adfmacro
Wed Jan 13, 2021 5:29 am
Forum: Investing - Theory, News & General
Topic: Safe Withdrawal Rates For Elderly >95
Replies: 23
Views: 1892

Re: Safe Withdrawal Rates For Elderly >95

I have an elderly parent and am using withdrawals from their portfolio to fund their expenses. What do people consider to be a "safe" withdrawal for someone who is quite elderly (95-100)? The expenses for 24x7 care are quite high. Fortunately Mr. Market has been good. I've also been reluc...
by Adfmacro
Fri Jan 08, 2021 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Ugh Vanguard! May have to leave. They made a huge error.
Replies: 220
Views: 24138

Re: Ugh Vanguard! May have to leave. They made a huge error.

I have not had any issues with Vanguard, but there was nothing complicated so far. I don’t have RMDs or QCDs to deal with yet. I have found that focusing on fixing the problem and not the blame as a first step is best in most cases. After the problem is fixed, there will be a clearer picture on dete...
by Adfmacro
Thu Jan 07, 2021 5:18 am
Forum: Personal Finance (Not Investing)
Topic: Need help: Please review annual spends
Replies: 12
Views: 819

Re: Need help: Please review annual spends

Just a few things to consider. First, it is best if your income and “spending” numbers match. The amounts is taxes, investments, and any accruals should all be included so that if they do not add up to 350k each, then something is not right. Whether or not spent, I would set aside 1% of the value of...
by Adfmacro
Sun Jan 03, 2021 7:23 am
Forum: Investing - Theory, News & General
Topic: What meaningful activities are you doing in retirement today with your free time?
Replies: 68
Views: 6992

Re: What meaningful activities are you doing in retirement today with your free time?

Reply to Boglehead blogs trying to help others Especially as I am now 74- many years retired and have some experience that might be useful to younger investors While still learning myself! xxd091 I wondered how far into this thread before I would read that this forum is part of a retiree's activiti...
by Adfmacro
Sun Jan 03, 2021 6:39 am
Forum: Personal Investments
Topic: Another "50 this year" checklist question
Replies: 27
Views: 2505

Re: Another "50 this year" checklist question

So this is the year of the "now you're 50" catchup. My wife also turns 50 this year. In my new job I also have an "after tax 401k" option. This is via Fido and does the "auto Backdoor Roth" thing. My wife + kids are on my HSA HDHP plan. Critique my strategy/planning pl...
by Adfmacro
Sun Jan 03, 2021 6:15 am
Forum: Personal Investments
Topic: Two questions for my Roth IRA
Replies: 12
Views: 1143

Re: Two questions for my Roth IRA

Hello Bogleheads, Some pretext: For 2020, I opened my first IRA accounts at Schwab in November—both traditional and Roth. I’m in the 24% tax bracket, head of household, making $135k+/year. Based on my income, I funded my 2020 $6k contribution limit to the traditional IRA (nondeductible contribution...
by Adfmacro
Wed Dec 30, 2020 3:02 pm
Forum: Personal Consumer Issues
Topic: Junk removal companies?
Replies: 24
Views: 1454

Re: Junk removal companies?

I have a move coming up, and I anticipate that I will have maybe 1/3 of a garage full of junk or near-junk (i.e., things that I wouldn't bother to burden Goodwill with). I plan to hire a junk-removal company, but I didn't know if it was better to go with the "GOT JUNK" folks (big national...
by Adfmacro
Wed Dec 30, 2020 8:01 am
Forum: Personal Investments
Topic: Stocks or ETFs/Funds?
Replies: 4
Views: 423

Re: Stocks or ETFs/Funds?

An option is to keep investing as you have been, but set up a portfolio in Morningstar based upon your plan and track your proposed plan for a year. Then have your spouse do it for the next year. After two years, you and your spouse can decide. I rarely drink soft drinks, but I invest in them all. H...
by Adfmacro
Wed Dec 30, 2020 12:26 am
Forum: Non-US Investing
Topic: Diversification - Market Cap. or GDP?
Replies: 19
Views: 2155

Re: Diversification - Market Cap. or GDP?

If you do a ratio of market cap to its own country's GDP, you get an over value if above 100% or under value if below100%. Currently US is above 150% while China is under 70%.. By investing in market cap for world market, you are getting both value and growth from a country perspective. By investing...
by Adfmacro
Wed Dec 30, 2020 12:00 am
Forum: Investing - Theory, News & General
Topic: IRA contribution date while also taking RMDs
Replies: 4
Views: 285

Re: IRA contribution date while also taking RMDs

I just funded my IRA for 2020 and think I messed up and should have waited until January. I'll be turning 72 late next year and will need to start taking a RMD. It will be based on the value of on 12/31/20, right? So my most recent contributions will be subject to RMD a year earlier than they would...
by Adfmacro
Tue Dec 29, 2020 11:20 pm
Forum: Personal Investments
Topic: 401k Fund Choices
Replies: 14
Views: 810

Re: 401k Fund Choices

At your age I would be as aggressive as you can stomach. And then be a bit more aggressive than that. In 30 years you will be glad you did. After a quick glance, the total stock portfolio appears to give better returns than VASGX. VASGX is not impressive in its returns. If the total stock portfolio...
by Adfmacro
Tue Dec 29, 2020 10:54 pm
Forum: Personal Investments
Topic: 401k Fund Choices
Replies: 14
Views: 810

Re: 401k Fund Choices

Hello, My wife and I are trying to decide on the best allocation for her 401k in 2021. We are both in our late 20's. We also both are on the same page with Boglehead principles. She will be able to contribute the maximum to her account next year. We are completely comfortable with 100% stock portfo...
by Adfmacro
Tue Dec 29, 2020 7:11 am
Forum: Personal Finance (Not Investing)
Topic: How late in life did you make a major career change?
Replies: 17
Views: 2208

Re: How late in life did you make a major career change?

I got education in one field and did not work in that field. Then at age 29 made a career change. My original education was sufficient for me to make the move without further education, but required 3 months of training. I was the old guy. 35 years later and I am still in that field and still the ol...
by Adfmacro
Tue Dec 29, 2020 6:37 am
Forum: Personal Finance (Not Investing)
Topic: More than 20% downpayment sometimes okay?
Replies: 19
Views: 1326

Re: More than 20% downpayment sometimes okay?

Suppose a family with sufficient emergency savings has saved for a 20% downpayment for a certain home price in mind and ends up buying a simpler home for about $175,000 less, In this event would it be okay to deploy all the down payment one has saved up (which would be in excess of 20% of the actua...
by Adfmacro
Mon Dec 28, 2020 7:38 am
Forum: Personal Investments
Topic: Convert Some of tIRA to Roth? - Help please
Replies: 14
Views: 1173

Re: Convert Some of tIRA to Roth? - Help please

I vacillate between converting some of our IRA accounts to Roth or not. I actually converted 1K a couple of years ago to start the 5 year clock. Now I'm trying to decide if I should start converting larger amounts. I hope this helps: Annual income is from my pension, 44K, and DW's SS of 7200 (about...
by Adfmacro
Mon Dec 28, 2020 12:23 am
Forum: Personal Finance (Not Investing)
Topic: Any reason to keep bank account?
Replies: 47
Views: 3005

Re: Any reason to keep bank account?

The last Covid stimulus payment was automatically deposited into the our checking account that we have used with our tax returns in the past. If you used the Chase account for your tax returns in the past then if you close it that may delay any future automatic payments like that. This would be a g...
by Adfmacro
Sun Dec 27, 2020 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: Tips to track monthly budget
Replies: 41
Views: 2851

Re: Tips to track monthly budget

Curious how others go about tracking their monthly budget/expenses. Looking for a better way to track a monthly budget and categorize expenses. Thank you in advance. Whatever the better way is is a way that is a method you can keep repeating each month. Some like simplicity, some like a whole bunch...
by Adfmacro
Sun Dec 27, 2020 9:54 pm
Forum: Personal Investments
Topic: 10 year update from a Panicked Investor
Replies: 51
Views: 6838

Re: 10 year update from a Panicked Investor

As always, I appreciate questions/feedback. Herm Congratulations! It's great to see success stories. They help to validate the advice and overall philosophies of this forum. Thank you for sharing. The only suggestion I have is to consider how to best allocate the money from this point forward. Depe...
by Adfmacro
Fri Dec 25, 2020 11:24 pm
Forum: Personal Consumer Issues
Topic: selling house, should we put in sod to replace ugly lawn?
Replies: 49
Views: 5330

Re: selling house, should we put in sod to replace ugly lawn?

14 Month Follow up about whether to fix up daughter's yard before house sale. She (with my grunt help) took out the old sod, brought in top soil, planted seed. It grew well and looked great. She and her husband put the house on the market in late 2019 for $1.05M (a stretch), and it sold in 3 wks fo...
by Adfmacro
Fri Dec 25, 2020 11:08 pm
Forum: Personal Investments
Topic: VG is nagging about transitioning account
Replies: 166
Views: 12749

Re: VG is nagging about transitioning account

To each his/her own but for me, the simplicity of a single platform and consolidate tax statement would far outweigh something done a few times a year that’s takes a minute or less. :beer Let's try to figure out why there are such differing opinions on this; I'm curious to know if we each do the ba...
by Adfmacro
Fri Dec 25, 2020 10:45 pm
Forum: Personal Consumer Issues
Topic: PayPal Claim USPS In Transit Arriving Late
Replies: 39
Views: 2547

Re: PayPal Claim USPS In Transit Arriving Late

Several months ago, we ordered something that shipped from another state. It arrived at the main Post Office in our city, but took another month to get it across town. It was probably at the bottom of the stack that they were adding to each day. The delays are results of multiple factors. I also exp...
by Adfmacro
Thu Dec 24, 2020 3:45 am
Forum: Personal Finance (Not Investing)
Topic: Paying the tax for Roth conversion?
Replies: 5
Views: 734

Re: Paying the tax for Roth conversion?

Here is the IRS link for paying taxes. Using the taxable money is the way to go and the options in the link are not difficult even if you have not had to estimate taxes before. https://www.irs.gov/payments Paying taxes with taxable money basically allows you to increase your net amount after taxes i...
by Adfmacro
Thu Dec 24, 2020 3:14 am
Forum: Personal Investments
Topic: Spousal Roth IRA - requires dedicated account?
Replies: 7
Views: 616

Re: Spousal Roth IRA - requires dedicated account?

To recap, since contributions can only be made to Roth if there is earned income, you and spouse have to file jointly even if filed separately in prior years for the non-earner to be considered to having had earned income. So for 2020 file “Married Filing Jiontly”, Combined qualifying gross income h...
by Adfmacro
Wed Dec 23, 2020 10:15 pm
Forum: Personal Investments
Topic: 401k and leaving employer
Replies: 19
Views: 921

Re: 401k and leaving employer

I had no need for a back door Roth protection and rolled mine to an IRA after being gone from the company for several years. Keeping the old 401k is good if you have better options there than your current employer and want to leave the back door Roth option open. Be sure your old employer has your u...
by Adfmacro
Tue Dec 22, 2020 11:52 pm
Forum: Personal Finance (Not Investing)
Topic: Do I include house in Last Will?
Replies: 32
Views: 2328

Re: Do I include house in Last Will?

We want to avoid probate. Is your goal to avoid having any probate occur at all? Or is your goal to keep the house out of the probate process for some reason? Get clear in your own mind what you are trying to accomplish, then discuss it with a good estate attorney. What you are seeking may or may n...
by Adfmacro
Tue Dec 22, 2020 11:13 pm
Forum: Investing - Theory, News & General
Topic: Is it better to invest more after a dip?
Replies: 196
Views: 10878

Re: Is it better to invest more after a dip?

I kind of did it this year. When the market was at the bottom and all hell went loose, I increased my AA from 70/30 to 80/20. I was planning on going 90/10 had the market hit a 50% drop but it didn’t. The reason behind this was that I had the need, ability and willingness to do it. Next time around...
by Adfmacro
Tue Dec 22, 2020 10:39 pm
Forum: Personal Consumer Issues
Topic: What kind of car do Bogleheads like to drive?
Replies: 470
Views: 38857

Re: What kind of car do Bogleheads like to drive?

I have a 97 Toyota Camry. My next vehicle will probably be a Subaru Outback. I also have a 1997 Camry, but my son drives it. I did have a 97 Lexus ES300 that was the same base color but it was totaled and now I drive a 2004 Honda Pilot with only 260,000 miles on it. My favorite vehicles are the one...
by Adfmacro
Tue Dec 22, 2020 7:47 pm
Forum: Personal Consumer Issues
Topic: Heat pumps
Replies: 72
Views: 4583

Re: Heat pumps

Having done heat pumps twice now, I'm not all that keen on them. Too many things to fail that require a refrigerant change out and that costs a lot. If you want your aux heat to be electric, you may need a power panel upgrade. Depending on your outside temperatures, you may need to do some upgrades...
by Adfmacro
Mon Dec 21, 2020 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Pay Off Our Mortgage or Invest Heavily?
Replies: 51
Views: 5479

Re: Pay Off Our Mortgage or Invest Heavily?

One option is to put the money in a separate account for the purpose of some day paying off the house or to reduce a mortgage during a refi. If no refi, build it up until there is enough to pay off the balance. With over $500k in debt and $150k available, it could take a while. Paying the 150k to re...
by Adfmacro
Mon Dec 21, 2020 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Cracking the Nest Egg for a housing upgrade?
Replies: 11
Views: 1021

Re: Cracking the Nest Egg for a housing upgrade?

We would be willing to withdraw 2% annually to pay for the increased living expenses associated with a nicer home. Is this 2% the only amount being withdrawn from your nest egg or is this 2% in addition to some other withdrawal rate? 2% total. Have you considered how going into debt will feel after...
by Adfmacro
Sun Dec 20, 2020 9:25 pm
Forum: Personal Consumer Issues
Topic: Toyota 2021 Venza?
Replies: 40
Views: 3079

Re: Toyota 2021 Venza?

Does anyone have one? does the cargo area seem small to you? I see that Toyota advertises this vehicle as a mid size hybrid SUV and yet it appears to have less cargo space than the compact RAV4. I'm looking for a midsize SUV or Hybrid vehicle with a good amount of cargo space (I take long, long tri...
by Adfmacro
Sun Dec 20, 2020 3:45 pm
Forum: Personal Investments
Topic: 401k rollover
Replies: 7
Views: 363

Re: 401k rollover

Hello, This is my first post and I'm studying what the rules and laws are regarding 401k rollovers. I've used the search function quite a lot and it's useful but I think I need some basic "rollover 101" information first, so if anyone could chime in and help get me off on the right foot, ...
by Adfmacro
Sun Dec 20, 2020 3:17 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on AA Plan for Retirement & Near Term
Replies: 12
Views: 691

Re: Thoughts on AA Plan for Retirement & Near Term

Consult the wiki. Three fund portfolio. for retirement funds, should I plan for DCA over a few months or just lump sum accordingly to allocation? Go with lump sum. I figure that having growth, value, and a blended fund in each market cap size, this diversification will only help protect us long-ter...
by Adfmacro
Sun Dec 20, 2020 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing for Medicare. Any Suggestions?
Replies: 19
Views: 1249

Re: Preparing for Medicare. Any Suggestions?

I am employed with more than 20 employees. I do not have HSA in my case. I figured that since I needed a plan with my wife getting health insurance, there was no point in going beyond Part A for myself at this point, but when she turns 65, we plan to get her on Part A and B, etc at the same time and...
by Adfmacro
Sun Dec 20, 2020 6:08 am
Forum: Personal Finance (Not Investing)
Topic: Preparing for Medicare. Any Suggestions?
Replies: 19
Views: 1249

Preparing for Medicare. Any Suggestions?

I will turn 65 next year and my wife is younger than I. I have a qualified health insurance plan through work and plan to keep it since my wife does not have her own plan. I understand that I can sign up for Medicare Part A through Social Security. I have not started SS yet. I have three questions p...
by Adfmacro
Sun Dec 20, 2020 4:59 am
Forum: Investing - Theory, News & General
Topic: Why do we even need a fund to track the market?
Replies: 105
Views: 6197

Re: Why do we even need a fund to track the market?

I learned long time ago that we are not as independent as we imagine ourselves to be. You never actually grow up and become completely independent. Some things I do “on my own” to save money, make money, or because I enjoy it. Everything else is leveraging the knowledge, skill, and convenience of ot...
by Adfmacro
Sun Dec 20, 2020 4:41 am
Forum: Personal Finance (Not Investing)
Topic: New Boglehead seeking input on strategy
Replies: 22
Views: 1487

Re: New Boglehead seeking input on strategy

Thanks for the input. After reading the Bogleheads’ Guide to Investing, one thing I’m quickly realizing is that simplicity solves quite a few problems. It’s difficult to consider giving up real estate in great locations given the ways it makes money - monthly cash flow, appreciation, and pay down o...
by Adfmacro
Sat Dec 19, 2020 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: Why is my new credit card not showing up on my Experian credit report?
Replies: 8
Views: 410

Re: Why is my new credit card not showing up on my Experian credit report?

In October, I signed up for an REI master card and shortly afterwards, I received the credit card in the mail and I activated it online by creating an account on the U.S. Bank website. When I looked at my Experian credit report today, it only shows one of my credit cards on the credit report (the o...
by Adfmacro
Sat Dec 19, 2020 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Child Tax Credits, AOTC, etc
Replies: 15
Views: 934

Re: Child Tax Credits, AOTC, etc

Hi Folks, I'm trying to plan for the tax implications of my children aging out of our home. How should I plan for the impact of child tax credit, AOTC credits, etc? #1 Child Tax Credit | My understsanding is I'll lose the child tax credit in the year my child turns 17. #2 AOTC | This seems to apply...
by Adfmacro
Sat Dec 19, 2020 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Smallish inheritance to grandkids vs. kids - pros, cons?
Replies: 21
Views: 2200

Re: Smallish inheritance to grandkids vs. kids - pros, cons?

My parents are in their mid-80's and want to write up a will. I recommended they go to a lawyer but they want to understand some basic options before going. I help them with their finances but don't know much in this area. Specifics: Total estate size: About $300k, primarily a paid-off house and $1...
by Adfmacro
Sat Dec 19, 2020 2:23 pm
Forum: Personal Investments
Topic: Vanguard ETF versus Admiral Shares
Replies: 19
Views: 1442

Re: Vanguard ETF versus Admiral Shares

Hi All, I hope everyone is staying safe. I'm in the process of transferring my funds from my advisor who was charging 1% of AUM to Vanguard PAS, with plans to eventually just manage myself when I am more comfortable with what I am doing. I am 40yrs old, sole earner at about $380k/yr. Current invest...
by Adfmacro
Sat Dec 19, 2020 5:32 am
Forum: Personal Investments
Topic: Portfolio Review - My first time here!
Replies: 19
Views: 1689

Re: Portfolio Review - My first time here!

Family relationships are always a discussion. One option would be to just recognize that your retirement resources are going to have to go to support him and plan accordingly. Another option would be to gift him enough money each year to max out his 401k. You can also give him money to fund a Roth ...
by Adfmacro
Wed Dec 16, 2020 2:05 am
Forum: Personal Finance (Not Investing)
Topic: Software Engineer Approaching 40....Career Change?
Replies: 19
Views: 2801

Re: Software Engineer Approaching 40....Career Change?

Many poeple make career changes, so there is no harm in that. The ideal job is to do what you love and get paid to do it. If there is an opportunity for that for you, then you should strongly consider that. Others get paid so much that it is worth it to stick with it, save a ton, and retire early to...
by Adfmacro
Wed Dec 16, 2020 1:30 am
Forum: Personal Investments
Topic: When to Invest Large Portion of Money within a 401K
Replies: 10
Views: 803

Re: When to Invest Large Portion of Money within a 401K

Recently I left a company and rolled my pension into my 401K. The money is currently sitting in a short-term reserves account and is almost a third of my portfolio. As I am in my early 40’s and won’t be withdrawing the money anytime soon, I can freely invest it. The challenge lies in not market tim...
by Adfmacro
Mon Dec 14, 2020 2:16 am
Forum: Personal Finance (Not Investing)
Topic: [CARES Act Above the Line Charitable Deductions]
Replies: 137
Views: 7719

Re: CARES Act Above the Line Charitable Deduction: $300 or $600 for MFJ?

Per the draft 1040 instructions: “ Enter the total amount of your contributions on line 10b. Don't enter more than $300.” It is very clear. The legislation may have intended each individual have the $300 deduction, but the IRS tax form draft clearly states that the max is $300 total regardless of f...
by Adfmacro
Mon Dec 14, 2020 2:03 am
Forum: Personal Finance (Not Investing)
Topic: Giving Retirement Notice - how did it go?
Replies: 114
Views: 9903

Re: Giving Retirement Notice - how did it go?

Because of your health issues it is very reasonable to just tell them that you will be retiring instead of going back into the office. You just gave me an idea. If I indicate I am retiring due to health issues, that may halt the pressure for me to come back in person. It's true, only one of many is...
by Adfmacro
Mon Dec 14, 2020 12:36 am
Forum: Non-US Investing
Topic: Should you, and if so how often, should you rebalance stocks?
Replies: 14
Views: 1185

Re: Should you, and if so how often, should you rebalance stocks?

I do not own individual stocks, but if I did, I would determine the max % of my portfolio to be in individual stocks and not rebalance the individual stocks as long as the total was less than the predetermined %. You could figure the individual stocks as part of your AA for stocks and rebalance usin...
by Adfmacro
Sat Dec 12, 2020 11:19 pm
Forum: Personal Finance (Not Investing)
Topic: 25x expenses- does it take into account social security?
Replies: 39
Views: 5245

Re: 25x expenses- does it take into account social security?

From a financial independence perspective, it would 25x without pensions or SS. This is based upon 4% withdraw which would be 100%/4% or 1/.04=25. Some early reirees may prefer to go with 3.5% withdraw or 1/.035=28.6x. If close to retirement and wondering if safe to retire, figure your expenses then...
by Adfmacro
Sat Dec 12, 2020 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: PNC not honoring a check "suspicious"
Replies: 9
Views: 1774

Re: PNC not honoring a check "suspicious"

I worked for a company once that had switched checks from a blue background to green but forgot to change the wording on the check that stated that it had a blue background. Months later a bank called asking if a check was good. Bravo to that worker who paid attention. Being more secure creates some...
by Adfmacro
Sat Dec 12, 2020 6:10 pm
Forum: Investing - Theory, News & General
Topic: Why is the withdrawal age 59 1/2?
Replies: 21
Views: 2639

Re: Why is the withdrawal age 59 1/2?

It probably has to do with a sense of fairness when they came up with the law. Since some things in the law are calendar related and some age related but some born late in a year and others early by doing 59.5 age they compromised. It appears that the original 59.5 age was federal workers related. I...