Search found 68 matches

by jbinpa59
Sat Nov 07, 2020 5:20 am
Forum: Personal Investments
Topic: tax arbitration staying under 104,800 0% LTCG
Replies: 3
Views: 672

Re: tax arbitration staying under 104,800 0% LTCG

If you do this, you will want to convert the traditional IRA to Roth in January 2021 to avoid paying tax on the gains. (Alternatively, you could roll the deductible portion into the TSP and convert only the non-deductible portion; the TSP allows this.) THX for repling David would the taxes on the I...
by jbinpa59
Fri Nov 06, 2020 10:02 pm
Forum: Personal Investments
Topic: tax arbitration staying under 104,800 0% LTCG
Replies: 3
Views: 672

tax arbitration staying under 104,800 0% LTCG

for tax year 2020 looks lie i messed you our 401K/TSP/IRA Roth/Traditional splits We are both covered by workplace plans I was trying to stay under 104,800 mod gross to stay in 0% LTCG 12% Fed Tax brackets, state is Pa flat rate and no state deduction for Trad 401K/IRA's for various reasons we are l...
by jbinpa59
Sun Aug 16, 2020 7:37 pm
Forum: Personal Consumer Issues
Topic: Products that last forever
Replies: 239
Views: 16241

Re: Products that last forever

pre 1960 singer sewing machines
the black cast iron ones

with a little oil and cleaning they'll literally go for a 100 years

got a winchester pump 22 thats coming up on a 100 yrs too
by jbinpa59
Fri Aug 07, 2020 4:57 am
Forum: Personal Investments
Topic: staying in fed 12% bracket? please review my thoughts
Replies: 3
Views: 614

staying in fed 12% bracket? please review my thoughts

My situation please review my understanding of the issues tried goggling BH and didn't find much applicable, results were mostly Roth vs LTCG I'm Fer's Fed so have TSP , DW works private sector with 401K plan I somewhat over deferred to Trad TSP in the past which kept us further down in the 15% brac...
by jbinpa59
Fri Jul 17, 2020 8:52 am
Forum: Personal Investments
Topic: retirement planning, review my thinking please
Replies: 8
Views: 902

Re: retirement planning, review my thinking please

You are doing great. We are currently withdrawing about 7% per year from age 62 to age 70, then withdrawal rate goes to zero while both spouses are living. I echo the question above - how about retirement at 63 or 62. You guys are set, do you really love going to work every day? Not especially love...
by jbinpa59
Fri Jul 17, 2020 8:14 am
Forum: Personal Investments
Topic: retirement planning, review my thinking please
Replies: 8
Views: 902

Re: retirement planning, review my thinking please

As best I can glean from your description you are planning a withdrawal rate of about 3%-3.5% for six years and after that at some significantly negative withdrawal rate for the duration. You will be investing the excess SS plus pensions and the RMDs into a taxable account. So probably the missing ...
by jbinpa59
Thu Jul 16, 2020 2:52 pm
Forum: Personal Investments
Topic: retirement planning, review my thinking please
Replies: 8
Views: 902

retirement planning, review my thinking please

60 YO Planning to retire at 64 with a FERS pension, planning to delay drawing SS till 70 DW 58 planning to retire at about same time and take SS on her own record changing to my record when i draw no current debt Our total portfolio might be just at 1M at retirement by continuing our current contrib...
by jbinpa59
Mon Jul 13, 2020 9:13 am
Forum: Personal Investments
Topic: Fidelity FXNAX or FUMBX for shorter term holdings
Replies: 11
Views: 1222

Re: Fidelity FXNAX or FUMBX for shorter term holdings

FXNAX should be very, very similar to the Vanguard Total Bond Market Index Fund, VBLTX/VBMFX. If you are considering using such a fund for one-year savings, you might want to review some statistics I've compiled for Total Bond. It present a view of risk targeted specifically toward using various fu...
by jbinpa59
Mon Jul 13, 2020 8:55 am
Forum: Personal Investments
Topic: Fidelity FXNAX or FUMBX for shorter term holdings
Replies: 11
Views: 1222

Re: Fidelity FXNAX or FUMBX for shorter term holdings

If by cash you mean your long term investment portfolio has an allocation to cash, then moving that to intermediate duration bonds would probably be where it should have been in the first place. If you have cash that really is for a short term purpose just leave it in the bank. total portfolio 890K...
by jbinpa59
Mon Jul 13, 2020 3:03 am
Forum: Personal Investments
Topic: Fidelity FXNAX or FUMBX for shorter term holdings
Replies: 11
Views: 1222

Fidelity FXNAX or FUMBX for shorter term holdings

Looking to move some (~1/3) of our cash 9-12 mo EMF to Bonds since MMF are returning so low Me 60 DW 58 we have NO debt or other obligations beyond helping DW parents out CC paid in full each mo cars are older but in decent shape already Maxing my TSP plus Catch up, Putting max % wife's employer all...
by jbinpa59
Thu Jul 09, 2020 3:24 pm
Forum: Personal Investments
Topic: funding our Roth IRA's, review my thinking please
Replies: 3
Views: 428

Re: funding our Roth IRA's, review my thinking pleae

I certainly understand that but you will likely be bumping up to the next tax bracket eventually. But we can't tell how much you have in tax-deferred, which will determine how much you want/can convert to Roth when you retire. Most importantly, you want to plan for avoiding higher tax brackets afte...
by jbinpa59
Thu Jul 09, 2020 11:37 am
Forum: Personal Investments
Topic: funding our Roth IRA's, review my thinking please
Replies: 3
Views: 428

funding our Roth IRA's, review my thinking please

I'm a 60+ yo USPS employee so my income year to year is pretty stable and in low 90's Im going to max out TSP + TSP catch up this year, As Roth I get 5% of base pay matched DW is 58 working customer support ,on a WFH program right now, income is variable dependent on call volumes she has a 401k plan...
by jbinpa59
Tue Jul 07, 2020 11:42 am
Forum: Personal Investments
Topic: Should I be doing ROTH conversions?
Replies: 19
Views: 2397

Re: Should I be doing ROTH conversions?

Something I didn't think about earlier - how much of your SS is currently taxed? Is your "other income" high enough that the full 85% of your SS is already subject to tax? If not, doing the Roth conversions will mean more of your SS is taxed. This does not mean you should not do the conve...
by jbinpa59
Wed Jun 17, 2020 1:17 pm
Forum: Personal Investments
Topic: AA when pension and SS cover expenses? Retirement planning??
Replies: 23
Views: 1665

Re: AA when pension and SS cover expenses? Retirement planning??

Thanks to all who replied That gave me a few more points to consider I'm currently leaning towards working towards entering retirement at 64 with a 50:50 ish AA and letting if float up towards a 60:40 AA at 70 and my SS starts Even my current AA is better than where i was at till 8/2019 till then I ...
by jbinpa59
Tue Jun 16, 2020 11:34 pm
Forum: Personal Investments
Topic: AA when pension and SS cover expenses? Retirement planning??
Replies: 23
Views: 1665

Re: AA when pension and SS cover expenses? Retirement planning??

Hi Jim, I suggest you and your wife discuss what her financial situation would be under various scenarios. For our own planning, I have long used three scenarios to estimate my wife’s income after I’m gone. The “best” (or most favorable) case I use is where our accounts and federal benefits are at ...
by jbinpa59
Tue Jun 16, 2020 3:35 pm
Forum: Personal Investments
Topic: AA when pension and SS cover expenses? Retirement planning??
Replies: 23
Views: 1665

AA when pension and SS cover expenses? Retirement planning??

60+yo with 34+yrs in, usps fed planning to retire at 64 Dw 58 works entry level retail planning to retire at 62 mostly working to help her parents out a bit (dad100,moml96+) I have vested fers pension with fed diet cola Dw no pension planning to take ss at 62 i'm planning to delay SS till my age 70 ...
by jbinpa59
Wed Apr 15, 2020 6:33 pm
Forum: Personal Investments
Topic: DCA more FI or Equities? Nervous Postal Worker
Replies: 3
Views: 406

DCA more FI or Equities? Nervous Postal Worker

me 60yo USPS Repair tech vested fer's pension 34+ yrs in can retire now if forced out but prefer to work 3.5 more years till dw is 62 dw 58 working from home in a new job but still in probation in it emf is ~8 mo no debt combined gross income ~$100K put 25K in TSP in 2019 taxes 12% fed / 3.08% flat ...
by jbinpa59
Tue Mar 17, 2020 3:02 am
Forum: Personal Investments
Topic: Who is continuing to buy as planned?
Replies: 119
Views: 8447

Re: Who is continuing to buy as planned?

married 60yo fed 4-5 years from planned retirement, 58 yo wife part time retail also about 4 yrs from retirement we normally agi about 95K and live in a low cost area no debt or obligations other than DW helping her parents $500/mo I'm not buying as originally planned we were at AA of 70% domestic e...
by jbinpa59
Sat Mar 07, 2020 4:50 pm
Forum: Personal Investments
Topic: trad ira phase outs, am i correct on workarounds?
Replies: 2
Views: 237

Re: trad ira phase outs, am i correct on workarounds?

Your understanding is correct. Both of you are treated as "covered by an employer plan at work". Between both of you, enough money needs to be deferred into 401k plan or TSP, to push your combined in one below $105k (not $103k). The 12% tax bracket limit for a couple is $80,250 taxable in...
by jbinpa59
Sat Mar 07, 2020 6:36 am
Forum: Personal Investments
Topic: trad ira phase outs, am i correct on workarounds?
Replies: 2
Views: 237

trad ira phase outs, am i correct on workarounds?

2019 was first time we've maxed my Roth 401k+catch up AND maxed Roth IRA's for both of us state tax is 3.08% flat (pa) and no deduction for trad ira/401k contributions but also no additional taxes on with drawls or conversions all current IRA $ are normal Roth or Tax deferred we have no non deductab...
by jbinpa59
Tue Dec 24, 2019 12:42 am
Forum: Personal Investments
Topic: Do I need to invest in bonds if I have a pension?
Replies: 48
Views: 4301

Re: Do I need to invest in bonds if I have a pension?

A 60yo still working fers covered postal worker with 34 yrs in here I never had more than 10% in bonds and cash combined til this year when I pulled 25% off the table to fund a Lmp bridge till I Take ss at 70 So I don't think You need a lot of bonds in your portfolio at your age but thats not due to...
by jbinpa59
Tue Nov 26, 2019 8:21 am
Forum: Personal Investments
Topic: LMP funding CD s or bond index?
Replies: 3
Views: 460

Re: LMP funding CD s or bond index?

Putting a chunk of your fixed income allocation into CDs is certainly reasonable. No ledge to be talked off of :happy . Lots of people do that to take advantage of good rates on CDs over comparable treasuries or "total" type bond funds. You'll need to find a place to reinvest those CDs in...
by jbinpa59
Tue Nov 26, 2019 12:21 am
Forum: Personal Investments
Topic: LMP funding CD s or bond index?
Replies: 3
Views: 460

Re: LMP funding CD s or bond index?

No opinions?

:thumbsup :thumbsdown ?
by jbinpa59
Mon Nov 25, 2019 5:34 pm
Forum: Personal Investments
Topic: LMP funding CD s or bond index?
Replies: 3
Views: 460

LMP funding CD s or bond index?

Federal employee under FERs system, eligible to retire now Will carry fehb into retirement Me 60 dw 58 I'm Planning on retiring in 3 to more likely 5 years and delaying SS to 70 Dw will probably retire at 62-63 and draw SS immediately If we do this we'd have a pension/SS floor when I'm 70 in today's...
by jbinpa59
Sun Nov 24, 2019 3:33 am
Forum: Personal Investments
Topic: Fidelity ira transfer to bank ir a cd?
Replies: 7
Views: 585

Re: Fidelity ira transfer to bank ir a cd?

OP again Looks like my simplest path to successfully adding to the 5yr ira CD at psecu will be to just dca $250 a pay using their add in program as traditional ira contributions thus sidestepping the whole rollover vs transfer issue Then use the tax deduction from those contributions as extra headro...
by jbinpa59
Sat Nov 23, 2019 7:33 pm
Forum: Personal Investments
Topic: Fidelity ira transfer to bank ir a cd?
Replies: 7
Views: 585

Re: Fidelity ira transfer to bank ir a cd?

Curious, are you worried about the one a year rollover because you plan on switching brokers regularly to get the best cd rate? I'm 5 years from planned retirement, don't have my fixed income allocation bond tent fully funded This is a step towards that goal not going to shift the CD till maturity ...
by jbinpa59
Sat Nov 23, 2019 2:47 pm
Forum: Personal Investments
Topic: Fidelity ira transfer to bank ir a cd?
Replies: 7
Views: 585

Re: Fidelity ira transfer to bank ir a cd?

OP here New IRA CD has to be funded by Not 30 to get promo rate so a physical check won t work Funds currently are in an ira but were not in cds , Reason for psecu CD instead of a fidelity brokered CD is the difference in rates involved 2% at fido vs 3% at psecu vs about 1.7% return for tsp g fund t...
by jbinpa59
Sat Nov 23, 2019 6:31 am
Forum: Personal Investments
Topic: Fidelity ira transfer to bank ir a cd?
Replies: 7
Views: 585

Fidelity ira transfer to bank ir a cd?

I just did the paperwork to set up ira CDs at psecu Currently funds are at fidelity waiting to settle in core from converting out of a fxnax holding then planning to do a self initiated wire transfer to psecu Haven't talked directly to psecu CD reps yet but the cs rep who did my paperwork stated tha...
by jbinpa59
Tue Nov 12, 2019 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Cash In or Take Annual Leave
Replies: 11
Views: 1204

Re: Cash In or Take Annual Leave

You might want to use some of the AL to top up your service time to the next full month credit if you're short a few days AND you have a partial work week at last working monthes end I'm pretty sure you can't do this. Only SL can be used to bump up your service time. true you can't sell back part o...
by jbinpa59
Tue Nov 12, 2019 1:47 am
Forum: Personal Finance (Not Investing)
Topic: Cash In or Take Annual Leave
Replies: 11
Views: 1204

Re: Cash In or Take Annual Leave

Am a FERS employee planning to retire in June 2020. Should have about 300 hours of annual leave accrued. Am wondering if I should cash in leave or take the leave, if my employer allows. Have you gotten a FERs retirement annuity estimate yet? It will show you your service time credits for retirement...
by jbinpa59
Mon Oct 21, 2019 5:18 am
Forum: Personal Investments
Topic: High income earner waiting for a bear market to start investing
Replies: 119
Views: 13268

Re: High income earner waiting for a bear market to start investing

Time in the market beats timing the market
by jbinpa59
Sat Oct 05, 2019 12:51 am
Forum: Personal Consumer Issues
Topic: Camper Trailers
Replies: 17
Views: 2666

Re: Camper Trailers

First thing load your tundra like you'd load it to tow, kids cooler full fuel spares etc everything you'd have in it and where you'd carry it to tow add an extra 80-100 dead weight at the tailgate for the hitch (10-13 gal of water as a sub till you get a hitch) Then go to your nearest cat scale for ...
by jbinpa59
Tue Oct 01, 2019 5:22 pm
Forum: Personal Investments
Topic: Roth conversions now or later?
Replies: 13
Views: 2634

Re: Roth conversions now or later?

Start the Roth conversions sooner, instead of later, even if they are small, since they will become easier after more experience with them. Those early December dividends and interest from taxable accounts will be in your taxes, so do include an average of them in your calculations. If willing, you...
by jbinpa59
Tue Oct 01, 2019 5:01 pm
Forum: Personal Investments
Topic: TSP: Moving out of G Fund to F?
Replies: 49
Views: 3838

Re: TSP: Moving out of G Fund to F?

Background: I keep 20% of my retirement investments (between ROTH IRA and traditional TSP) in G fund; the rest is modeled on a three fund-ish portfolio approach - blend of C,G,S,I in TSP and VTIAX in ROTH (which I regret, wish I'd just done a target date in the ROTH as it really lags the TSP). Was ...
by jbinpa59
Mon Sep 30, 2019 5:09 am
Forum: Personal Investments
Topic: Roth conversions now or later?
Replies: 13
Views: 2634

Re: Roth conversions now or later?

To estimate base marginal tax rate My SS at 70 is estimated at 39k per year , 31k per year at fra of 66-10 FERS pension at retirement 28k cola'd If DW's SS is $10K, so you have $49K total SS benefits and $28K pension as the only income other than tIRA withdrawals, the first few thousand dollars of ...
by jbinpa59
Sat Sep 28, 2019 7:10 pm
Forum: Personal Investments
Topic: Roth conversions now or later?
Replies: 13
Views: 2634

Re: Roth conversions now or later?

OP here Thanks to all of you who took the time to reply to my original questions Finally got hold of James Lange 's books " Retire Secure! " and " The Roth Revolution" in Those books it Appears my tax brackets now of 12% vs in retirement of 12/15% possibly edging into bottom of n...
by jbinpa59
Sat Sep 28, 2019 5:06 pm
Forum: Personal Investments
Topic: Roth conversions now or later?
Replies: 13
Views: 2634

Re: Roth conversions now or later?

OP—What is your expected SS benefit at age 70? Is it $39k? How about at Full Retirement Age? I ask only because you mentioned in your 2 spousal death scenarios (you go first, your spouse goes first) that SS benefits will be half of $39k in both, which I don’t believe is likely. Ss was counted only ...
by jbinpa59
Sat Sep 28, 2019 1:12 am
Forum: Personal Investments
Topic: Roth conversions now or later?
Replies: 13
Views: 2634

Re: Roth conversions now or later?

It’s not a bad idea to do partial Roth conversions now while in 22% tax bracket. My take away from reading about “tax torpedo” is that even for folks in 12% tax bracket, total marginal rate could go above 22% when 85% of Social Security income is taxed. Survivor tax torpedo is mostly what I'm tryin...
by jbinpa59
Fri Sep 27, 2019 7:45 pm
Forum: Personal Investments
Topic: Roth conversions now or later?
Replies: 13
Views: 2634

Roth conversions now or later?

Combined dw and I have ~640 k total in traditional iras / 401is And ~80k in Roth to date with all contributions going toward being to Roths Have ~40k in taxable I can cover conversion taxes from I'm 60 she's 58 Looking to retire in 4-5 more years She'll prob claim SS at 62-3 I'm planning to wait til...
by jbinpa59
Mon Sep 09, 2019 4:31 pm
Forum: Personal Investments
Topic: Help with moms CD ladder/ira CD setup, check my logic please
Replies: 8
Views: 1163

Re: Help with moms CD ladder/ira CD setup, check my logic please

If the current rate on a 5 year CD is acceptable to you and your mother, I would accept that market rate. If you try to time the markets, you may turn out to be right, but much more likely you will be wrong. If your mother is very risk averse, I would not put any money into equities. Do you think s...
by jbinpa59
Mon Sep 09, 2019 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: [Retirement Timing Help - Social Security]
Replies: 5
Views: 474

Re: [Retirement Timing Help - Social Security]

[Moved into a new thread from: Retirement Timing Help --admin LadyGeek] My situation is similar to Ramey58, except both my wife and I are 61. If I take SS at age 66 and 8 months I'll get $3000 but $2000 at 62. My wife will get $750 at 66 and 8 months but $400 at 62. Is it possible that my wife take...
by jbinpa59
Sat Sep 07, 2019 8:53 pm
Forum: Personal Investments
Topic: Help with moms CD ladder/ira CD setup, check my logic please
Replies: 8
Views: 1163

Re: Help with moms CD ladder/ira CD setup, check my logic please

5 year CD term is the traditional purchase choice. Right now the yield is low, but that is just market force at work. I would not necessarily shy away from replacing a missing rung. have you checked out Fidelity's Freedom Index 2005 fund? This is a conservative target date fund. If your mom has onl...
by jbinpa59
Sat Sep 07, 2019 8:40 pm
Forum: Personal Investments
Topic: Help Rebalancing - Fidelity
Replies: 9
Views: 1132

Re: Help Rebalancing - Fidelity

As other posters have stated you have some overlaps What do YOU want for AA and international stock exposure? Think you'll get better advice if you edit or repost with your desired AA and the % in each fund as % of total portfolio instead of % of fund within just one account type Or give approximate...
by jbinpa59
Sat Sep 07, 2019 7:20 pm
Forum: Personal Investments
Topic: Help with moms CD ladder/ira CD setup, check my logic please
Replies: 8
Views: 1163

Help with moms CD ladder/ira CD setup, check my logic please

Mom is 77yo very risk adverse Lives very frugally on her ss and small fixed non cola pension No debt lives in low cost area of pa Has always handled her own finances till now.I Has an ira CD of about 15.5k typically reinvests her RMDs Has an existing b&m bank 5yr ladder with uneven monthly rungs...
by jbinpa59
Fri Aug 30, 2019 9:35 pm
Forum: Personal Investments
Topic: Streamlining holdings for Roth conversions and tlh??
Replies: 1
Views: 192

Streamlining holdings for Roth conversions and tlh??

We hold two mutual funds in our joint brokerage taxable account that we wish to trade out of. Bought them in early July before We found BH We also hold both of these funds in our Roth ira but not in tax defered iras. I should turn off auto reinvest in Those funds in any account, before trading them ...
by jbinpa59
Wed Aug 28, 2019 5:42 pm
Forum: Personal Investments
Topic: Portfolio review please
Replies: 2
Views: 408

Re: Portfolio review please

I think you are in great shape. "quote edited down for brevity" Those TRP ERs do cause some shudders to dedicated Bogleheads, but I realize that we tend to be very expense-centric. My equity portfolio is dominated by “Total Stock”. Think I did fairly well in total for not being in stocks ...
by jbinpa59
Wed Aug 28, 2019 9:38 am
Forum: Personal Investments
Topic: Portfolio review please
Replies: 2
Views: 408

Portfolio review please

Me 60yo planing to retire age 64.5 in May of 2024 Fers pension will be 27-28k /yr plus colas DW 58yo planning to retire at 62-63 at about same date as me No pension (entry level retail) Combined gross income 95-100k taxes MFJ Fed 12% state 3.08 flat (pa), No debt Low cost area Retirement savings pro...
by jbinpa59
Wed Aug 28, 2019 3:01 am
Forum: Investing - Theory, News & General
Topic: Matter/scatter, part 8: Small-caps
Replies: 5
Views: 1823

Re: Matter/scatter, part 8: Small-caps

Quote edited down for brevity THANK YOU !! For taking the time and effort to do the matter/scatter series At least now I can see the effects or lack thereof of my undereducated / unconscious biases in my investing :confused And now understand better how lucky some of my choices along the way have b...
by jbinpa59
Wed Aug 21, 2019 10:29 pm
Forum: Personal Investments
Topic: Keep rollover out of market 2days for access to higher rate mm fund?
Replies: 6
Views: 588

Re: Keep rollover out of market 2days for access to higher rate mm fund?

As soon as funds become available to trade buy into fdzxx for in the ira long enough for it to settle and I shift some non ira spaxx funds into a secondary taxable fdzxx account thus giving me permanent access to the lower er higher return mm fund. Are you sure having the fund in an IRA will give y...
by jbinpa59
Wed Aug 21, 2019 10:15 pm
Forum: Personal Investments
Topic: Keep rollover out of market 2days for access to higher rate mm fund?
Replies: 6
Views: 588

Re: Keep rollover out of market 2days for access to higher rate mm fund?

I just did something like this with a different brokerage. Since the money market settles in one day, the $100,000 was 100% in the money market basically overnight. I do not know if I won or loss by the delay. But, I am going to be utilizing that money market on an ongoing basis for several months,...