Search found 26 matches

by nickfrank
Thu Mar 19, 2015 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Kotlikoff: When Should you Take Social Security?
Replies: 258
Views: 49480

Re: Kotlikoff: When Should you Take Social Security?

My experience has been that the SS rep tries to persuade not to extend age for receiving SS. My wife went to the local SS office to apply for medicare when she turned 65 and they immediately printed out her SS payment benefit and told her how much it would be reduced for the medicare premium. I was ...
by nickfrank
Mon Jul 28, 2014 2:30 pm
Forum: Personal Investments
Topic: Target Retirement vs Life Strategy Income
Replies: 7
Views: 1970

Target Retirement vs Life Strategy Income

We are trying to simplify our portfolio so my wife will not have to manage our asset allocation after I pass. Either choice will work but I'm concerned about the lack of Infl. Protection in the LFI fund. Our Vang. advisor said the stock portion will be enough for that. Our AA in 30/70 Stk/Bnd. What ...
by nickfrank
Thu Jul 17, 2014 1:42 pm
Forum: Investing - Theory, News & General
Topic: Just retired...any reason to move 401K to IRA?
Replies: 50
Views: 19865

Re: Just retired...any reason to move 401K to IRA?

Another reason not to move 401K to IRA. If you continue to work past age 70.5 you are not required to take an RMD from the 401K account. I found this out the hard way when I rolled my 401K to Vanguard to reduce the high er. and then continued to work and contribute to my 401K to reduce income from t...
by nickfrank
Tue Apr 15, 2014 11:42 am
Forum: Personal Investments
Topic: Trad. IRA Conversion to Roth Using RMD
Replies: 2
Views: 364

Trad. IRA Conversion to Roth Using RMD

I'm 72 and taking RMD's. Instead of investing in a taxable account can I (convert) to a ROTH. I am still working and do contribute to a ROTH every year. This conversion would allow me to exceed the $6500 limit. I do pay tax on the RMD and have converted in past years before I was 70.5. Since I am wi...
by nickfrank
Tue Apr 01, 2014 2:18 pm
Forum: Investing - Theory, News & General
Topic: retirement income question
Replies: 10
Views: 1678

Re: retirement income question

Currently Total Bnd. is paying about 2% . If your invest the 800K @2% for 5 years it will grow to about 880K ignoring capital appreciation. If you then invest in Total Bnd. the dividends may not provide 2K per month which translates to 2.7% of the 880K . So it depends on the yield at that time and d...
by nickfrank
Thu Mar 13, 2014 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: When to file social security benefits 62 or 67?
Replies: 56
Views: 4734

Re: When to file social security benefits 62 or 67?

You will get $2800 when your husband dies as a widow. This amount will be reduced depending on when He starts collecting. You will get $1400 while he is alive and He will collect $2800 @ 70.
by nickfrank
Thu Dec 12, 2013 1:18 pm
Forum: Personal Investments
Topic: What does "Front-end load portfolio" mean
Replies: 14
Views: 1760

Re: What does "Front-end load portfolio" mean

Sorry dbr for trying your patience. All I meant was I dislike selling "anything" at a loss whether it be stocks or bonds. I will have to have some IRA money in MM for future RMD's in case stocks and bonds retreat.
Thanks for your help and the many others who replied.
by nickfrank
Wed Dec 11, 2013 4:25 pm
Forum: Personal Investments
Topic: What does "Front-end load portfolio" mean
Replies: 14
Views: 1760

Re: What does "Front-end load portfolio" mean

Storm Shadow
I am not referring to loads on purchase of mutual funds.
dbr
I am concerned about having to sell BOND FUNDS when they are low.
by nickfrank
Wed Dec 11, 2013 3:20 pm
Forum: Personal Investments
Topic: What does "Front-end load portfolio" mean
Replies: 14
Views: 1760

What does "Front-end load portfolio" mean

In the latest PIMCO Investment outlook Bill Gross states that we should position bonds to be heavily front-end maturity loaded along with credit volatility and curve steepening positions. Will someone please translate this for me? It may help with our concerns. We currently have a 30/70 portfolio wi...
by nickfrank
Wed Feb 06, 2013 11:22 am
Forum: Personal Investments
Topic: Adding Commodities to Portfolio
Replies: 14
Views: 1293

Adding Commodities to Portfolio

We am considering adding a commodities fund to a portion of our stock allocation. I would like to keep our all Vanguard status. I see where Vang. has the Materials Index fund Admiral as an offering. Has this fund been discussed on the forum? What about Precious Metals and Mining? What are others her...
by nickfrank
Tue Oct 16, 2012 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: I Bond beneficiary
Replies: 9
Views: 1181

Re: I Bond beneficiary

Thank you for your help.

Nick
by nickfrank
Tue Oct 16, 2012 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: I Bond beneficiary
Replies: 9
Views: 1181

Re: I Bond beneficiary

Please help me with this question!

Thanks,

Nick
by nickfrank
Tue Oct 16, 2012 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: I Bond beneficiary
Replies: 9
Views: 1181

I Bond beneficiary

My wife and I recently updated our wills and were advised by our attorney to change beneficiary designations for our IRA's, 401K's and IBond's to our trust in order to avoid probate costs. We currently hold the bonds jointly with a primary and secondary owner so that the secondary owner receives the...
by nickfrank
Tue Sep 25, 2012 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: 401K RMD for part time employee
Replies: 3
Views: 1687

Re: 401K RMD for part time employee

I really need help with this.

Nick
by nickfrank
Tue Sep 25, 2012 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: 401K RMD for part time employee
Replies: 3
Views: 1687

401K RMD for part time employee

I am 71 years old and started taking my IRA RMD last year and since I was still employed did not take it from my 401K. This year
I reduced my work hours to 24 per wk. but still contribute to the 401K. Do I need to take RMD distributions from my 401K now that I'm a part time employee.

Nick
by nickfrank
Fri Dec 03, 2010 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Due on IRA RMD
Replies: 3
Views: 877

Tax Due on IRA RMD

I'll try my question again since responses did not answer my question I am clear about age requirement for RMD and the use of the life expectancy table. I will be 70 April 2011. I need to know how I determine 12/31/10 balance since it is a mixture of tax deferred and tax paid IRA assets. The tax pai...
by nickfrank
Fri Dec 03, 2010 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Deductible and non-Deductible IRA tax issue
Replies: 6
Views: 1092

Deductible and non-Deductible IRA tax issue

I will be paying income taxes on my IRA's for the first time in 2011 due to turning 70.5 in April. Will someone give me an example of how to determine the amount I need to divide by 27.4 to determine RMD. Is it simply subtracting the non-deduct. from the deduct. based on form 8606 records. Thanks, N...
by nickfrank
Mon Mar 15, 2010 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Our daughter needs financial help
Replies: 25
Views: 3909

Thank you all for your suggestions. Believe me my wife and I have been over all of your concerns in spades. I don't wish to discuss our daughter's private affairs on this site suffice to say that she needs to refinance her condo and the lending institutions will not lend her the balance she owes wit...
by nickfrank
Fri Mar 12, 2010 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Our daughter needs financial help
Replies: 25
Views: 3909

Our daughter needs financial help

Our daughter needs help with her condo mortgage about 50K.

My wife and I would like to help from our retirement funds. Where would you suggest we take it? We are both over age 60.

IBonds purchased in 2001 and 2003

TIRA

ROTH IRA held over 5 yrs.

Thanks,

Nick
by nickfrank
Fri Mar 12, 2010 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: excess contribution to 401K
Replies: 5
Views: 2012

Thank you MarkNYC and Livesoft!

Nick
by nickfrank
Thu Mar 11, 2010 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: excess contribution to 401K
Replies: 5
Views: 2012

Thanks Ls.
I haven't found it yet. Can you direct me?

Nick
by nickfrank
Thu Mar 11, 2010 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: excess contribution to 401K
Replies: 5
Views: 2012

excess contribution to 401K

In Jan.2009 I was notified that I made excess contributions to my 401K plan in 2008. This was due to my being categorized as highly compensated in 2007. By the time I was notified of this I had already rolled my 401K to Vanguard. Since I do my own taxes I contacted the IRS and they said that I would...
by nickfrank
Thu Feb 25, 2010 4:23 pm
Forum: Personal Investments
Topic: Portfolio Help (soon to retire)
Replies: 6
Views: 1444

Portfolio Help (soon to retire)

Thanks Taylor and Landy, I have considered the Target Retirement Income Fund in the past but preferred Larry S. suggested high SV. tilt and not including GNMA's in the mix which then precludes the use of the target fund. I do realize that the funds outside Vanguard only complicate matters and are of...
by nickfrank
Thu Feb 25, 2010 2:48 pm
Forum: Personal Investments
Topic: Portfolio Help (soon to retire)
Replies: 6
Views: 1444

Portfolio Help (soon to retire)

Landy,

Thanks for the suggestions. I have edited my post.

Nick
by nickfrank
Thu Feb 25, 2010 1:43 pm
Forum: Personal Investments
Topic: Portfolio Help (soon to retire)
Replies: 6
Views: 1444

Portfolio Help (soon to retire)

My age 68, wife 60 Managed to save what we feel is enough. Our s/b target is 35/65 which is close to what we have by my calculations. The stock target is close to 6% for each of the major categories LG,LV,SV, LG.INTERN., SM.INTERN., and REITS. Our bond choices are a mix of gov., corp., LT. and ST. a...