Search found 88 matches

by cognovimus
Tue Mar 24, 2020 5:37 am
Forum: Personal Investments
Topic: How much you lost/gain since Feb 20,2020 ?
Replies: 320
Views: 25668

Re: How much you lost/gain since Feb 20,2020 ?

-11% on AA 34/66 Allocation. Now 27/73. Target is 30/70. At 63, I was poised to retire but still in preretirement phase. Still contributing to 401K and contribution allocation is 50/50. It's discouraging, but hey, a good chunk of post-retirement budget was intended for travel, and we've lost our abi...
by cognovimus
Mon Mar 23, 2020 8:17 am
Forum: Investing - Theory, News & General
Topic: Fed Buyback: Breaking News
Replies: 25
Views: 3378

Re: Fed Buyback: Breaking News

My total bond funds & other bond fund were supposed to be relatively safe and have been way too volatile recently. I had been considering retreating to something less volatile like a money market or a stable value fund. But with the announcement on corporate debt, treasuries, etc, can I reasonably e...
by cognovimus
Thu Jan 23, 2020 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance cost
Replies: 98
Views: 6613

Re: Umbrella insurance cost

I am curious why people feel the need to maintain liability limits of $5M? Is there some special activity in which you are engaged? Are you an aviator? Seriously, why the limits? I guess $50 a month is nothing to many people considering the extra protection. Just curious on the thinking. Thank you....
by cognovimus
Thu Jan 23, 2020 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Review: Mark Zoril - Planvisionmn
Replies: 39
Views: 2098

Re: Review: Mark Zoril - Planvisionmn

My experience with Plan Vision: It is a great way to access eMoney. Well worth the $96/$149. To get this from another CFP, plan on ponying up 1% per annum of your AUM. Mark has been very helpful with quick responses to emailed questions, which I consider a plus. As he did with the OP, Mark Zoril was...
by cognovimus
Tue Dec 31, 2019 5:44 am
Forum: Personal Consumer Issues
Topic: New Zealand Train trip
Replies: 77
Views: 3667

Re: New Zealand Train trip

NZ trains are not worth the trouble. The network is very limited and you really don't want to bother staying in the cities that long anyways. I spent the last four months in New Zealand. Stick to a car. Most of what I have read about the trains has been very positive.What are the negatives? Other t...
by cognovimus
Thu Dec 26, 2019 11:54 am
Forum: Personal Finance (Not Investing)
Topic: Budget for Home Maintenance/Improvements
Replies: 11
Views: 679

Re: Budget for Home Maintenance/Improvements

Thanks...lots of interesting perspectives. This year my home maintenance account included almost everything we spent money on in the house except for grocery store items and clothing. Anything that came from Home Depot or the Apple Store, for instance. It was too inclusive, kind of a grab bag of exp...
by cognovimus
Thu Dec 26, 2019 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Budget for Home Maintenance/Improvements
Replies: 11
Views: 679

Budget for Home Maintenance/Improvements

We need to revisit the amount to budget for home maintenance/improvements going forward. In 2019, we had a few moderate expenses like tree removal, appliance repair/replacement, garage door replacement, nothing crazy. Spent more than the $6000 I had allotted. We need to get better at this as we appr...
by cognovimus
Sat Dec 14, 2019 2:10 pm
Forum: Personal Investments
Topic: $96/year Planning
Replies: 29
Views: 8441

Re: $96/year Planning

We also wanted a second/third opinion: I've done both the "expensive" several thousand dollar financial planner session ("fee only," though they offer a AUM service and do more for those clients and the $96 Plan Vision option. For $3500: We provided a CFP with our asset statements, expense estimate...
by cognovimus
Sat Dec 14, 2019 7:10 am
Forum: Personal Investments
Topic: $96/year Planning
Replies: 29
Views: 8441

Re: $96/year Planning

We also wanted a second/third opinion: I've done both the "expensive" several thousand dollar financial planner session ("fee only," though they offer a AUM service and do more for those clients and the $96 Plan Vision option. For $3500: We provided a CFP with our asset statements, expense estimates...
by cognovimus
Mon Dec 09, 2019 11:02 pm
Forum: Personal Consumer Issues
Topic: Summer trip to Germany ideas requested
Replies: 50
Views: 2490

Re: Summer trip to Germany ideas requested

If you can swing it and the schedule works, consider a river cruise. The one on the Rhine passes by many castles and lovely terrain. Aa river cruise will cover many of the towns you mention and will not require as much packing/unpacking, schlepping of luggage or walking.
by cognovimus
Thu Oct 31, 2019 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Medical claims: HSA card swipe or HSA claim?
Replies: 4
Views: 544

Re: Medical claims: HSA card swipe or HSA claim?

Thanks, So first the claim, as I thought. I was just wondering what is the big thing about the HSA card, then. I understand that if you already maximize all other tax-sheltered accounts, it's better to keep the HSA receipts and withdraw from the HSA account when you are $90. It's just not worth the...
by cognovimus
Tue Oct 29, 2019 3:59 pm
Forum: Personal Investments
Topic: Rollover over IRA TO 401K -- 12 month rule?
Replies: 6
Views: 370

Re: Rollover over IRA TO 401K -- 12 month rule?

As an aside, Since you will have the funds in the form of a check for a week or so for these rollovers, you can mitigate the risk of being out of the market by making an appropriate temporary adjustment of you OTHER investments (like the 401K) to take in account that you'll have that other money in...
by cognovimus
Tue Oct 29, 2019 9:56 am
Forum: Personal Investments
Topic: Rollover over IRA TO 401K -- 12 month rule?
Replies: 6
Views: 370

Re: Rollover over IRA TO 401K -- 12 month rule?

Note: I was NOT allowed to do this as a direct trustee-to trustee transfer --i.e. sending it institution to institution, but I believe this is still considered to be a non-taxable "rollover" AND not subject to the once per 12 month IRS rule. Could someone please confirm this? The reason I'm asking ...
by cognovimus
Tue Oct 29, 2019 8:56 am
Forum: Personal Investments
Topic: Rollover over IRA TO 401K -- 12 month rule?
Replies: 6
Views: 370

Rollover over IRA TO 401K -- 12 month rule?

I earlier posted about my intention to clean up my pretax IRA money and put it under my 401K umbrella so that I may convert the existing post tax IRA money to a Roth, hopefully next year. This has been a slow process, with a couple of unexpected, perhaps unnecessary hassles. I'm sharing my experienc...
by cognovimus
Fri Oct 25, 2019 12:41 pm
Forum: Personal Investments
Topic: Mother's variable annuity
Replies: 23
Views: 1887

Re: Mother's variable annuity

I'm surprised that she hasn't been forced to annuitize, since age 85 is normally the contract annuitization age and you have to specifically request to get that changed to age 90 which is the latest date they'll normally allow. I'm at age 99 with my variable annuity currently at Vanguard. My mother...
by cognovimus
Fri Oct 25, 2019 12:12 pm
Forum: Personal Investments
Topic: Mother's variable annuity
Replies: 23
Views: 1887

Re: Mother's variable annuity

I'm surprised that she hasn't been forced to annuitize, since age 85 is normally the contract annuitization age and you have to specifically request to get that changed to age 90 which is the latest date they'll normally allow. I'm at age 99 with my variable annuity currently at Vanguard. My mother...
by cognovimus
Tue Oct 22, 2019 4:41 am
Forum: Personal Finance (Not Investing)
Topic: Thinking of hiring a financial planner - any advice?
Replies: 29
Views: 2261

Re: Thinking of hiring a financial planner - any advice?

We did this earlier this year --$3500 for a "financial plan" that projected we could retire about now. It was fine, CFP worked pretty hard to answer all my (many) questions, entered a lot of data, out a plan up on a smart board, but in the end, I still found errors in the plan when I had a chance to...
by cognovimus
Mon Sep 30, 2019 8:42 pm
Forum: Personal Consumer Issues
Topic: Midtown NYC Hotel w/ Kids?
Replies: 17
Views: 2041

Re: Midtown NYC Hotel w/ Kids?

Stayed at Residence Inn "Times Square" with two teens a while back --it's really near Bryant Park. Nice location, walkable to Fifth Avenue, Times Sq/Broadway Shows, restaurants, etc. They created a two bedroom suite with two bathrooms in a corner of the hotel (most rooms there are studios). Can't be...
by cognovimus
Thu Sep 26, 2019 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Protection From Catastrophic Medical Costs When Fully Insured
Replies: 109
Views: 5369

Re: Protection From Catastrophic Medical Costs When Fully Insured

When you are at death's doorstep, there was no planning time for ensuring all resources are "in network". I think the surprise was that OOP max doesn't really mean anything, it's false advertising, IMHO. So basically, when you are most vulnerable and gravely ill, they get you to sign something that...
by cognovimus
Mon Sep 23, 2019 5:21 pm
Forum: Personal Investments
Topic: My "simple" Backdoor Roth Conversion
Replies: 4
Views: 795

Re: My "simple" Backdoor Roth Conversion

The steps you listed are correct. As long as you have $0 pretax IRA balance at December 31, your conversion is not subject to the pro rata rule. Confirm that your 401k plan accepts rollovers in. Start the process soon to allow time for the rollovers to be completed prior to your year-end retirement...
by cognovimus
Mon Sep 23, 2019 4:12 am
Forum: Personal Investments
Topic: My "simple" Backdoor Roth Conversion
Replies: 4
Views: 795

My "simple" Backdoor Roth Conversion

Both my spouse and I have modest amounts in "nondeductible" IRAs accumulated over the years 2013-2019. My spouse's situation is far more complex, so I'm trying to address my "simple" conversion first. If I retire as of the end of this year as planned, I will not be making further contributions to th...
by cognovimus
Sun Sep 22, 2019 9:13 am
Forum: Personal Investments
Topic: Is this a good portfolio mix for a retiree?
Replies: 22
Views: 3015

Re: Is this a good portfolio mix for a retiree?

Could someone post the analogous funds at Fidelity? (Taking some baby steps, hoping to consolidate many funds into 3 as well.)

Thx.
by cognovimus
Mon Sep 16, 2019 3:58 am
Forum: Personal Investments
Topic: Is this enough for retirement?
Replies: 17
Views: 3562

Re: Is this enough for retirement?

Unfortunately, the model does not predict a steady 74% coverage because of the variability of the expenses in different years. That's why I had to do some hunting to answer your question. In today's dollars, the SS will be approximately $70,000 (full year, 2 streams, and today's dollars without CPI...
by cognovimus
Sun Sep 15, 2019 5:02 pm
Forum: Personal Investments
Topic: Is this enough for retirement?
Replies: 17
Views: 3562

Re: Is this enough for retirement?

Unfortunately, the model does not predict a steady 74% coverage because of the variability of the expenses in different years. That's why I had to do some hunting to answer your question. In today's dollars, the SS will be approximately $70,000 (full year, 2 streams, and today's dollars without CPI...
by cognovimus
Sun Sep 15, 2019 3:44 pm
Forum: Personal Investments
Topic: Is this enough for retirement?
Replies: 17
Views: 3562

Re: Is this enough for retirement?

With 27x your 'residual' spending and a 50/50 AA, you're in fine shape. It's very unlikely that you'll to make any spending reductions for the first 15 years of retirement, although most retirees' spending drops by 1-2% annually in inflation-adjusted dollars, and this trend occurs throughout retire...
by cognovimus
Sun Sep 15, 2019 2:16 pm
Forum: Personal Investments
Topic: Is this enough for retirement?
Replies: 17
Views: 3562

Re: Is this enough for retirement?

With 27x your 'residual' spending and a 50/50 AA, you're in fine shape. It's very unlikely that you'll to make any spending reductions for the first 15 years of retirement, although most retirees' spending drops by 1-2% annually in inflation-adjusted dollars, and this trend occurs throughout retire...
by cognovimus
Sun Sep 15, 2019 1:25 pm
Forum: Personal Investments
Topic: Is this enough for retirement?
Replies: 17
Views: 3562

Re: Is this enough for retirement?

as I said, you could see if you could take advantage of 0% cap gains (if you are in that range in those first two years); and you should be good to go (we planned on being as "bulletproof" as possible, figuring that if we have a problem that there's gonna be a lot more people in far far worse shape...
by cognovimus
Sun Sep 15, 2019 10:43 am
Forum: Personal Investments
Topic: Is this enough for retirement?
Replies: 17
Views: 3562

Re: Is this enough for retirement?

As I see that you just joined in August, belated "welcome to the forum" so you say you have 27 x RLE with a 51/49 allocation with first two years in cash... Is your income going to be low enough to stay in the 0% cap gains range? if so, you might want to take advantage of that (as you didn't mentio...
by cognovimus
Sun Sep 15, 2019 10:34 am
Forum: Personal Investments
Topic: Is this enough for retirement?
Replies: 17
Views: 3562

Re: Is this enough for retirement?

It seems that your 12 years of fixed income and 15 years of equities would give you a total of 27 years of expenses covered beyond SS. This is thought to be reasonable as 25 times expenses is sometimes used as a target. I would prefer for my own retirement to have a little cushion above that, maybe...
by cognovimus
Sun Sep 15, 2019 9:47 am
Forum: Personal Investments
Topic: Is this enough for retirement?
Replies: 17
Views: 3562

Is this enough for retirement?

Need some feedback on our "coverage" going into retirement (hoping to stop working in the next quarter or so). Age 63. Will claim at 70. Spouse will claim at 65. Both of these are at or close to the optimal timing based on the Open Social Security calculation. Overall AA is 51/49. (Portfolio is curr...
by cognovimus
Sat Sep 14, 2019 6:41 am
Forum: Personal Consumer Issues
Topic: Need gift ideas for my parents
Replies: 18
Views: 1508

Re: Need gift ideas for my parents

Depends very much on the parents likes, dislikes and limitations. My parents HATED traveling, even when they were mobile and healthy. My father LOVED the laptop we bought him, said it gave him an education. Used it when he woke up in the middle of the night and had a project idea to research. Took i...
by cognovimus
Sat Sep 14, 2019 5:53 am
Forum: Personal Finance (Not Investing)
Topic: social security benefit - confused about choosing start date
Replies: 35
Views: 3398

Re: social security benefit - confused about choosing start date

Regarding completing the paperwork: Is it normal to do it about 3-4 months early? One person mentioned having to wait a month for a return call appointment Is there now a backlog to talk with SS on the phone? By the way, I called a few months ago to ask an information question (not ready to file yet...
by cognovimus
Wed Sep 11, 2019 11:48 am
Forum: Personal Investments
Topic: Adding SS income to Portfolio Visualizer?
Replies: 10
Views: 1090

Re: Adding SS income to Portfolio Visualizer?

I just used the "contribution" in the drop down, and then clicked on the inflation adjusted box. Thanks...that's easier than me trying to guess. But as a follow-up question, if you use this option, might the SS benefits be projected to get lower? For example, from 2008-2009, the average CPI decline...
by cognovimus
Tue Sep 10, 2019 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: How to update online VG account with cost basis for non-covered shares?
Replies: 6
Views: 390

Re: How to update online VG account with cost basis for non-covered shares?

Had a similar issue with Fidelity last year. If they don't provide it, how does the IRS know if you are reporting correctly?
by cognovimus
Mon Sep 09, 2019 8:46 am
Forum: Personal Investments
Topic: Adding SS income to Portfolio Visualizer?
Replies: 10
Views: 1090

Re: Adding SS income to Portfolio Visualizer?

I just used the "contribution" in the drop down, and then clicked on the inflation adjusted box. Thanks...that's easier than me trying to guess. But as a follow-up question, if you use this option, might the SS benefits be projected to get lower? For example, from 2008-2009, the average CPI decline...
by cognovimus
Mon Sep 09, 2019 8:38 am
Forum: Personal Investments
Topic: Adding SS income to Portfolio Visualizer?
Replies: 10
Views: 1090

Re: Adding SS income to Portfolio Visualizer?

Use Firecalc--it has a lot more inputs and ways to work with the data: https://www.firecalc.com/ Two questions about Firecalc: 1. Do I need to gross up "spending" for taxes? Or is there another place to input a projected tax rate? 2. Portfolio Visualizer has a feature that allows you to project up ...
by cognovimus
Sun Sep 08, 2019 4:43 pm
Forum: Personal Investments
Topic: Adding SS income to Portfolio Visualizer?
Replies: 10
Views: 1090

Adding SS income to Portfolio Visualizer?

I'd like the Portfolio Visualizer MC analysis to include our SS income and not just draw down my portfolio. (Nothing to do with the older thread that debated SS as a bond/fixed asset.) Rather than add a spreadsheet to link to, I added it as a "contribution + % increase" under Financial Goals. Is tha...
by cognovimus
Thu Sep 05, 2019 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: LTC Monthly Coverage Amount
Replies: 12
Views: 965

Re: LTC Monthly Coverage Amount

My Dad's Genworth policy is paying 100% of his Assisted Living costs. This cost is somewhat less than his monthly limit of $6000 per month limit. So his annual premium is about one month's cost in the facility? Most of the policies I've seen "waive" the premium once you are "on claim." Does your da...
by cognovimus
Thu Sep 05, 2019 11:10 am
Forum: Personal Finance (Not Investing)
Topic: LTC Monthly Coverage Amount
Replies: 12
Views: 965

LTC Monthly Coverage Amount

I'm still debating the advisability of LTC insurance. On previous threads I heard some BHs recommend not getting based on net assets above a certain amount and others who have it or who have seen family members benefit who were proponents of LTC. I'd love to dispose of this issue before retirement. ...
by cognovimus
Fri Aug 30, 2019 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: How Have You Planned for Sequence of Return Risk (SOR)?
Replies: 178
Views: 12662

Re: How Have You Planned for Sequence of Return Risk (SOR)?

The risk-adjusted benefit of working to 3% or lower WRs for most investors seems to be very poor in my estimation . Historically, it would like take an investor with a 20% savings 5-8 years of additional working to move from a 4% WR to 3%. Some are willing to make that trade-off, but I for one am n...
by cognovimus
Fri Aug 30, 2019 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Educating Spouse on Personal Finance
Replies: 60
Views: 3957

Re: Educating Spouse on Personal Finance

We are in our 50s, and I am the income earner. I also control all the finances and investments. My wife has an interest, although not quite a desire, to learn more about our personal finances, which I highly encourage. Her eyes gloss over very quick when I have discussed things with her in the past...
by cognovimus
Fri Aug 30, 2019 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Co-sponsoring an immigrant's sick family member [Updated]
Replies: 47
Views: 4775

Re: Co-sponsoring an immigrant's sick family member

I would have to decline this, unless I were very wealthy or very close to this family. These requests are becoming more common for those of us who live in communities with large immigrant groups: -- a friend of my adult daughter's asked my daughter to sponsor her fiance from another country. Daughte...
by cognovimus
Thu Aug 29, 2019 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance shopping - good alternative to State Farm for auto, home, umbrella
Replies: 20
Views: 1390

Re: Insurance shopping - good alternative to State Farm for auto, home, umbrella

Hi, I've been with State Farm for a long time and have had good service, but my auto rate will rise by a very big percentage at next renewal. No changes to anything on my end, and agent says no options for reducing the premium. Even raising the deductibles won't make much of a dent. I haven't shopp...
by cognovimus
Thu Aug 29, 2019 4:55 pm
Forum: Personal Consumer Issues
Topic: Planning a Europe trip in Dec 2019 last week. Need advice
Replies: 27
Views: 1919

Re: Planning a Europe trip in Dec 2019 last week. Need advice

There are better places than Northern Europe for a winter trip, but I suggest you pose your question on Fodors Travel Talk (https://www.fodors.com/community/europe/ or the forums section of TripAdvisor: https://www.tripadvisor.com/ListForums-g4-i11-Europe.html. Enjoy the 12 days (of Christmas) off!
by cognovimus
Tue Aug 27, 2019 10:29 am
Forum: Personal Finance (Not Investing)
Topic: How Have You Planned for Sequence of Return Risk (SOR)?
Replies: 178
Views: 12662

Re: How Have You Planned for Sequence of Return Risk (SOR)?

If you retired in 2009 or shortly afterward it is entirely possible your retirement has benefited hugely from sequence of returns risk. It has, that is, if you planned for it by carrying a large allocation to US stocks. I wish you could explain this to me. Because to my thinking, it seems like 2009...
by cognovimus
Tue Aug 27, 2019 9:05 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Max Annual Out-of-Pocket on Medicare/Medigap?
Replies: 9
Views: 1021

Re: What's Your Max Annual Out-of-Pocket on Medicare/Medigap?

Medicare PPO Advantage Plan. In network OOP max is $6,700 and In/Out combined OOP max is $10K. Do you budget for the worst case each year or something less? I don´t explicitly ¨budget¨ for the worst case each year, but I have an HSA with more than I would need to cover numerous years worth of OOP m...
by cognovimus
Tue Aug 27, 2019 12:48 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Max Annual Out-of-Pocket on Medicare/Medigap?
Replies: 9
Views: 1021

What's Your Max Annual Out-of-Pocket on Medicare/Medigap?

Just when I think I've got our retirement budget down, I think of something that might be omitted or underestimated. (I do have a few $000's buffer just in case but prefer to itemize what I can.) After paying for Medicare and your Supplemental Health Insurance, what's your maximum out of pocket for ...
by cognovimus
Sun Aug 25, 2019 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: How Have You Planned for Sequence of Return Risk (SOR)?
Replies: 178
Views: 12662

Re: How Have You Planned for Sequence of Return Risk (SOR)?

If you have more money than you are likely to need. Then SOR does not matter. But not all people have that! Right, I guess I consider this topic most relevant to those with substantial but not 100% risk-proof portfolios. However, even the very wealthy may care about the size of the pot they leave b...
by cognovimus
Sun Aug 25, 2019 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: How Have You Planned for Sequence of Return Risk (SOR)?
Replies: 178
Views: 12662

Re: How Have You Planned for Sequence of Return Risk (SOR)?

Not specifically for SOR. However, I saved in a CD ladder that kicked in at retirement to carry me until 70. That allows me to wait for SS and RMD, and do some Roth conversions, without the need to touch the other parts of my portfolio. Those are all set to reinvest. I'm interested in hearing more ...
by cognovimus
Sun Aug 25, 2019 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: How Have You Planned for Sequence of Return Risk (SOR)?
Replies: 178
Views: 12662

How Have You Planned for Sequence of Return Risk (SOR)?

I've been reading about the "strategies" for managing/protecting against SOR Risk. Many of you know of Wade Pfau, who is listed as "Professor of Retirement Income." One of his articles is linked here: https://www.forbes.com/sites/wadepfau/2017/04/12/4-approaches-to-managing-sequence-of-returns-risk-...