Search found 11827 matches

by The Wizard
Tue Aug 14, 2018 9:46 am
Forum: Investing - Help with Personal Investments
Topic: Inflation adjusted annuity
Replies: 26
Views: 1491

Re: Inflation adjusted annuity

...As for me, I have annuity income from TIAA Traditional (approximately fixed from year to year), but also variable annuity income based on commercial real estate (TREA) and the broad stock market (CREF Stock). Both of the latter tend to increase over time, possibly beating inflation. But I take t...
by The Wizard
Tue Aug 14, 2018 6:09 am
Forum: Investing - Help with Personal Investments
Topic: Help explain TIAA Traditional to me
Replies: 20
Views: 1371

Re: Help explain TIAA Traditional to me

I hold no bond funds anymore. The bulk of my investments are with TIAA where I hold both flavors of Trad: 9-year restricted Trad paying 4.0% for new money and unrestricted Trad paying 3.25% for new money.
I will obviously use the latter for rebalancing if the need arises...
by The Wizard
Mon Aug 13, 2018 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: Inflation adjusted annuity
Replies: 26
Views: 1491

Re: Inflation adjusted annuity

Regardless of BobK's recommendation, I would avoid true inflation adjusted annuities. An insurance company takes a LOT of risk with a product like that and the price to the annuitant will be unreasonably high. Something like the Fidelity 2% annual increment or the TIAA graded payment avoids risk of ...
by The Wizard
Mon Aug 13, 2018 7:24 am
Forum: Investing - Theory, News & General
Topic: How can I use the Rising Equity Glide Path?
Replies: 61
Views: 3493

Re: How can I use the Rising Equity Glide Path?

... I'm just curious if anyone knows of some more varied comparisons, suggesting different lengths of "dip" for early retirement. I'll give you my personal experience. I retired at 63 in 2013 and kept my AA at 50% stocks for the first few years to guard against Sequence of Return risk, meaning a na...
by The Wizard
Mon Aug 13, 2018 4:23 am
Forum: Personal Consumer Issues
Topic: Liability only car insurance and my car destroyed
Replies: 15
Views: 2546

Re: Liability only car insurance and my car destroyed

Liability only car insurance and my car destroyed How it works and my insurance company doesn't pay anything to me You haven't provided enough information for anyone to help you. Was your car destroyed in an accident or via some other means? If an accident, was there another vehicle involved? If an...
by The Wizard
Mon Aug 13, 2018 12:10 am
Forum: Investing - Help with Personal Investments
Topic: RMD's: take distributions vs selling
Replies: 35
Views: 2376

Re: RMD's: take distributions vs selling

...Money in IRA is completely fungible and investments can get bought and sold with no tax ramifications. Money in your IRA is not "fungible". What's fungible is: my monthly SS amount and monthly RMD amount starting in 2020 are expected to be comparable in size (SS several hundred $$ larger). So ma...
by The Wizard
Sun Aug 12, 2018 11:55 pm
Forum: Investing - Help with Personal Investments
Topic: RMD's: take distributions vs selling
Replies: 35
Views: 2376

Re: RMD's: take distributions vs selling

ryman554 wrote:
Sun Aug 12, 2018 5:33 pm
...The point is, nobody should ever be forced to sell low when doing RMD, regardless of account...
Why not?
Let's say stocks drop 20% or 30%.
So you sell low in your tax deferred account and almost simultaneously buy similar funds in your taxable account.
I don't see a problem...
by The Wizard
Sun Aug 12, 2018 11:49 pm
Forum: Investing - Help with Personal Investments
Topic: RMD's: take distributions vs selling
Replies: 35
Views: 2376

Re: RMD's: take distributions vs selling

People here make RMDs waaaay too complicated. I've been withdrawing/Roth-converting a few thousand a month from tax deferred since 2013 in lieu of claiming personal SS. I've been doing pro rata withdrawals from my allocation of 55% to 60% stock funds. I hold no cash or MM funds whatsoever in tax def...
by The Wizard
Sun Aug 12, 2018 10:40 am
Forum: Personal Consumer Issues
Topic: reliable online public forum
Replies: 24
Views: 2015

Re: reliable online public forum

The only reliable source is an official source. O.k., even an official source can be incorrect at times, but that's about as reliable as one can hope for... In a related frame of mind, I find that targeted forums work better for some things. Two examples that I've used: Avsforum.com for audio visua...
by The Wizard
Sun Aug 12, 2018 10:25 am
Forum: Personal Finance (Not Investing)
Topic: how much car can we afford?
Replies: 128
Views: 5495

Re: how much car can we afford?

really, you dont even say what you are looking at? why is this a serious question? you can afford a used Civic. I'm looking at a BMW 3 series certified pre owned about 40k with 8k miles on it Buying that car means that you will not be able to afford other things that you might want. "Will" is a rat...
by The Wizard
Sun Aug 12, 2018 10:20 am
Forum: Personal Finance (Not Investing)
Topic: how much car can we afford?
Replies: 128
Views: 5495

Re: how much car can we afford?

We, meaning a couple, should probably have two cars, with staggered purchase dates. Maybe every four years buy new and keep for eight years. Depends on how many miles per year you drive. Allocate up to 10% of income for car purchase, so $30/year x four years equals $120k in cash to buy the next new ...
by The Wizard
Sun Aug 12, 2018 6:35 am
Forum: Personal Finance (Not Investing)
Topic: Financial Advisor Mandatory?
Replies: 36
Views: 3045

Re: Financial Advisor Mandatory?

Would be nice if the OP would com back and see if there were any answers to his question...
:)
by The Wizard
Sun Aug 12, 2018 4:30 am
Forum: Personal Consumer Issues
Topic: reliable online public forum
Replies: 24
Views: 2015

Re: reliable online public forum

hello BH Which one is the most reliable, trustworthy, reputable online public forum on a general wide variety of issues, such as, health, retirement, living, business, medical, divorce, and family so on? best wishes You've come to the right place. Also suggestions on roofing, emergency home power s...
by The Wizard
Fri Aug 10, 2018 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: SS 2019 COLA could be close to 3%
Replies: 26
Views: 2707

Re: SS 2019 COLA could be close to 3%

The August CPI figures were released today. The 3 month average CPI-W (June July August) is 246.429 . Thats 3.1 % greater then the same period last year and 2.8 % greater than the reference period last year ( Aug Sept Oct) which is used to determine the SS COLA. There are two months to go but the C...
by The Wizard
Fri Aug 10, 2018 5:33 am
Forum: Investing - Help with Personal Investments
Topic: capital loss from stock
Replies: 2
Views: 247

Re: capital loss from stock

Loss is for the year incurred...
by The Wizard
Fri Aug 10, 2018 4:04 am
Forum: Investing - Help with Personal Investments
Topic: Old dog needs to learn to manage his investments
Replies: 60
Views: 4981

Re: Old dog needs to learn to manage his investments

Benchie wrote:
Fri Aug 10, 2018 3:00 am
It’s all IRA money, SIMPLE, Roth and traditional.
Excellent, so no tax consequences to moving all to a low cost provider next week.
Muy bien, molto bene...
by The Wizard
Fri Aug 10, 2018 1:33 am
Forum: Investing - Help with Personal Investments
Topic: Best choice with oppenheimer
Replies: 8
Views: 496

Re: Best choice with oppenheimer

anonenigma wrote:
Fri Aug 10, 2018 1:27 am
Why is the money stuck at Oppenheimer if it's from a former employer?
OP did not say "former"...
by The Wizard
Thu Aug 09, 2018 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Biggest Threats to Financial Well-Being
Replies: 99
Views: 8862

Re: Biggest Threats to Financial Well-Being

Divorce isn't necessarily that bad. Your per capita net worth doesn't necessarily change that much. Assuming your own employment prospects are decent, things will likely work out fine. Ask me how I know... Maybe it wasn't that bad for you. I walked down the aisle the first time at age 26 with a net...
by The Wizard
Thu Aug 09, 2018 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: keep cash in after-tax for bridge to Social Security ?
Replies: 32
Views: 2688

Re: keep cash in after-tax for bridge to Social Security ?

...The thing I don't like about your plan is that instead of doing withdrawals from your TIAA account, you could be doing Roth conversions (technically those are "taxable rollovers", not "Roth conversions", since the TIAA account is not a TIRA, but it's pretty much the same thing). Thereby reducing...
by The Wizard
Thu Aug 09, 2018 6:41 am
Forum: Personal Finance (Not Investing)
Topic: Biggest Threats to Financial Well-Being
Replies: 99
Views: 8862

Re: Biggest Threats to Financial Well-Being

Divorce isn't necessarily that bad.
Your per capita net worth doesn't necessarily change that much.
Assuming your own employment prospects are decent, things will likely work out fine.
Ask me how I know...
by The Wizard
Wed Aug 08, 2018 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Comfort level with Credit Card Balance
Replies: 86
Views: 5206

Re: Comfort level with Credit Card Balance

Just wondering what's everyone's comfort level is with their credit card balance. Zero comfort level. Any outstanding balance at all on any of my credit cards makes me itch. I check the card balances daily, and pay them off two to three times a week. Excessive, perhaps, but that's just me. Two to t...
by The Wizard
Wed Aug 08, 2018 6:23 am
Forum: Investing - Help with Personal Investments
Topic: Options to invest $80,000 now, but might need to access some of it periodically when I retire in 3-5 years
Replies: 7
Views: 977

Re: Options to invest $80,000 now, but might need to access some of it periodically when I retire in 3-5 years

You need to open what we call a taxable investment account with Vanguard or Fidelity, for instance.
Then decide the mix of investments you want to hold, probably mostly in a stock index fund.
A bit of homework might be helpful first, here on the forum...
by The Wizard
Wed Aug 08, 2018 4:56 am
Forum: Personal Finance (Not Investing)
Topic: Comfort level with Credit Card Balance
Replies: 86
Views: 5206

Re: Comfort level with Credit Card Balance

Earl Lemongrab wrote:
Tue Aug 07, 2018 11:43 pm
indexonlyplease wrote:
Tue Aug 07, 2018 7:42 pm
+1 pay off the credit card each month. It does not matter if the interest is 0% or 20%.
I don't see any point in that. I have better things to do with the money.
More power to you then...
by The Wizard
Wed Aug 08, 2018 4:36 am
Forum: Investing - Help with Personal Investments
Topic: Clean up on Aisle 4 (help me clean up this mess)
Replies: 15
Views: 2551

Re: Clean up on Isle 4 (help me clean up this mess)

Quick reply without a lot of detail: Decide on your desired AA (stocks/bonds) along with domestic/international split in stocks. Decide which custodian you prefer: Fidelity, Vanguard, or Schwab. Do a rollover of each of your IRAs into the three or four funds you've chosen at your new provider. Do th...
by The Wizard
Tue Aug 07, 2018 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: Comfort level with Credit Card Balance
Replies: 86
Views: 5206

Re: Comfort level with Credit Card Balance

Two to three times per week is excessive, yes. I pay my balances off twice a month, roughly on the 1st and the 16th. Total balance, not amount due... What's the reasoning there? Two of my three monthly retirement paychecks hit my checking account on those dates. So I try to pay off my short-term de...
by The Wizard
Tue Aug 07, 2018 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Comfort level with Credit Card Balance
Replies: 86
Views: 5206

Re: Comfort level with Credit Card Balance

Just wondering what's everyone's comfort level is with their credit card balance. Zero comfort level. Any outstanding balance at all on any of my credit cards makes me itch. I check the card balances daily, and pay them off two to three times a week. Excessive, perhaps, but that's just me. Two to t...
by The Wizard
Tue Aug 07, 2018 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: New Medicare cards. Get yours?
Replies: 25
Views: 2299

Re: New SS cards. Get yours?

For those who are younger, they'd better be vigilant about not providing their SS# on the multitude of paper forms that still ask for it and probably will for some time to come. Well, if you want to get credit in most instances, including some cell phone plans, then you'll have to play by the rules...
by The Wizard
Tue Aug 07, 2018 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: keep cash in after-tax for bridge to Social Security ?
Replies: 32
Views: 2688

Re: keep cash in after-tax for bridge to Social Security ?

... or game the system by buying something that's similar enough but not "substantially identical". The is very common in TLH. You may sell TSM and buy S&P500 for example. What would bother me is moving more equities into my tax deferred. As I look to RMDs I want the higher expected return assets o...
by The Wizard
Tue Aug 07, 2018 5:18 am
Forum: Investing - Theory, News & General
Topic: HELP!!!!! Need to find documentation of index superiority
Replies: 32
Views: 2639

Re: HELP!!!!! Need to find documentation of index superiority

Thing is, in a given year, there will always be a few managed funds that will beat the S&P 500. But they are not the same funds from year to year. It's not going to be easy to beat a well rehearsed shark on this point. Still, it would be good to see evidence proving index superiority over three and ...
by The Wizard
Tue Aug 07, 2018 1:10 am
Forum: Personal Finance (Not Investing)
Topic: New Medicare cards. Get yours?
Replies: 25
Views: 2299

Re: New SS cards. Get yours?

I've not had a SS card since my old one fell apart 20+ years ago.
And I certainly don't want a new one now.
I'm happy just to have a SS number...
by The Wizard
Mon Aug 06, 2018 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Allovation RMD Composition
Replies: 8
Views: 512

Re: Bond Allovation RMD Composition

People make too much fuss over RMDs. Just withdraw pretty much pro rata from your mix of funds in tax deferred. Or withdraw more from the "winner" in tax deferred to keep your overall AA about the same. If you don't "spend" all of your RMD each year, then your taxable account is probably growing. So...
by The Wizard
Mon Aug 06, 2018 12:30 am
Forum: Personal Finance (Not Investing)
Topic: Best way to lose $200 in taxable income?
Replies: 96
Views: 6715

Re: Best way to lose $200 in taxable income?

Raybo wrote:
Sun Aug 05, 2018 9:48 pm
Do you live in a state with income tax? Are your deductions over $24,000? If yes to both, you can overpay your state income taxes for this year and increase your refund next year.
Yes, but again, that's a deduction after AGI is set.
OP misstated: he needs to lower AGI, not Taxable Income...
by The Wizard
Sun Aug 05, 2018 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to lose $200 in taxable income?
Replies: 96
Views: 6715

Re: Best way to lose $200 in taxable income?

drawpoker wrote:
Sun Aug 05, 2018 4:26 pm

...What is rather shocking also about this thread - are there really BH's who buy CD's :?:
:shock: :shock: :shock:
Yes, they do better than bonds in a rising interest rate environment.
But I've certainly not bought any in past few decades...
by The Wizard
Sun Aug 05, 2018 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to lose $200 in taxable income?
Replies: 96
Views: 6715

Re: Best way to lose $200 in taxable income?

An early withdrawal penalty from a CD. These are above-the-line AGI income reductions. Open a CD, close it soon after, but before it matures. Calculate first what the penalty would be so you at have to do this too many times. This sounds like an excellent idea if it's really true: that a bank can i...
by The Wizard
Sun Aug 05, 2018 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: How do you keep your math skills sharp?
Replies: 29
Views: 1500

Re: How do you keep your math skills sharp?

Do I really need to remember Laplace transforms in retirement? (really didn’t need them after grad school...) {Fourier transforms, yes....and statistics... but nothing now in retirement} That's funny because Fourier transforms are just (modulo the technical details needed to apply Paley-Wiener) bil...
by The Wizard
Sun Aug 05, 2018 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: How do you keep your math skills sharp?
Replies: 29
Views: 1500

Re: How do you keep your math skills sharp?

Do I really need to remember Laplace transforms in retirement? (really didn’t need them after grad school...) {Fourier transforms, yes....and statistics... but nothing now in retirement} I don't know how you can possibly deal with transfer functions if you don't keep current with Laplace transforms...
by The Wizard
Sun Aug 05, 2018 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to lose $200 in taxable income?
Replies: 96
Views: 6715

Re: Best way to lose $200 in taxable income?

An early withdrawal penalty from a CD. These are above-the-line AGI income reductions. Open a CD, close it soon after, but before it matures. Calculate first what the penalty would be so you at have to do this too many times. This sounds like an excellent idea if it's really true: that a bank can i...
by The Wizard
Sun Aug 05, 2018 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: Stress testing my portfolio
Replies: 28
Views: 1982

Re: Stress testing my portfolio

You say you are planning for the worst and hoping for the best. Where is the plan? For example if you are unemployed for over a year in your career of choice will you shift your career expectations. Will you ask your family as well? Will you learn a new skill to prepare for the worst? Scenario plan...
by The Wizard
Sun Aug 05, 2018 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to lose $200 in taxable income?
Replies: 96
Views: 6715

Re: Best way to lose $200 in taxable income?

...If you are absolutely sure you are figuring everything correctly, I'd say the simplest and foolproof method would be to use gambling losses. If there are no legal casinos or OTB parlors where you live, you could just buy lottery tickets until you have over $200 in losses. Of course, if you happe...
by The Wizard
Sun Aug 05, 2018 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to lose $200 in taxable income?
Replies: 96
Views: 6715

Re: Best way to lose $200 in taxable income?

A simple way might be to take a day or two without pay before year's end, assuming you are still employed...
by The Wizard
Sun Aug 05, 2018 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to lose $200 in taxable income?
Replies: 96
Views: 6715

Re: Best way to lose $200 in taxable income?

retiredjg wrote:
Sun Aug 05, 2018 3:30 pm
Charitable donation? This only works if your deductions are greater than the standard deduction of $12k...
No.
This is after AGI is computed...
by The Wizard
Sun Aug 05, 2018 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to lose $200 in taxable income?
Replies: 96
Views: 6715

Re: Best way to lose $200 in taxable income?

Mlm wrote:
Sun Aug 05, 2018 3:20 pm
I purchased a one year CD that has the interest payable in 2019.
How does that reduce 2018 AGI?
by The Wizard
Sun Aug 05, 2018 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to lose $200 in taxable income?
Replies: 96
Views: 6715

Re: Best way to lose $200 in taxable income?

The other option is to embrace the situation and do another $20k in Roth conversions this year. I would be try to do this if my age 70 MAGI was expected to be at that level. Example using single IRMAA thresholds of $85k and $107k. If age 70 MAGI is projected to be $105k and this year's is just over ...
by The Wizard
Sun Aug 05, 2018 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: Stress testing my portfolio
Replies: 28
Views: 1982

Re: Stress testing my portfolio

You can go nuts with worst case planning. Is a 50% stock market crash realistic enough or should I be thinking about 70%? Three years from crash to recovery or six? Good solution is to have retirement income at least double your BASIC expenses so you can easily cut back and hunker down if the need a...
by The Wizard
Sun Aug 05, 2018 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: How do you keep your math skills sharp?
Replies: 29
Views: 1500

Re: How do you keep your math skills sharp?

I'm a retired engineer and do absolutely nothing to keep my math skills sharp.
But they are still there to some degree if I need them.

Can you give us an example or two of what sort of math related problems you are dealing with?
by The Wizard
Fri Aug 03, 2018 11:25 am
Forum: Investing - Theory, News & General
Topic: Will dividend spending only portfolio last forever ?
Replies: 90
Views: 5646

Re: Will dividend spending only portfolio last forever ?

Living off dividend only from VFIAX or VTSAX is a sound strategy. If you take into account that your portfolio may need to be twice as large as necessary in order to make it work, it's actually a really poor strategy. I personally don't want to wait an additional 10-15 years for my portfolio to gro...
by The Wizard
Fri Aug 03, 2018 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Looking for a pep talk
Replies: 26
Views: 3037

Re: Looking for a pep talk

Some people like to compute net worth but I have not in recent decades.
Better metrics to focus on are:
1) amount of investible assets
2) percentage of gross income going into investible assets

Depending, you may want to fine tune that to Long-term plus Short/Medium-term investible assets...
by The Wizard
Fri Aug 03, 2018 10:18 am
Forum: Personal Consumer Issues
Topic: best place to hide a key
Replies: 63
Views: 4642

Re: best place to hide a key

I don't quite understand the problem, but my newish F-150 has a fob and pushbutton start. So if I wanted to, I could leave my fob hidden in the center console and whoever gets back to my truck first can fire it up and drive away. All you have to do is punch my zip code into the keypad on the driver...
by The Wizard
Fri Aug 03, 2018 10:14 am
Forum: Personal Consumer Issues
Topic: best place to hide a key
Replies: 63
Views: 4642

Re: best place to hide a key

When I go hiking, I just put the fob/key in a pocket in my pack that I don't use. If all are in use, I safety pin it to the inside of the pocket so it doesn't accidentally fall out. Back in the day when car doors were easier to unlock, I used to keep a coat hanger wrapped around the frame of the ca...
by The Wizard
Fri Aug 03, 2018 9:49 am
Forum: Investing - Theory, News & General
Topic: 3 Levels of Wealth
Replies: 125
Views: 11374

Re: 3 Levels of Wealth

OP, Another point of view. I am always wealthy. 1) I have never in debt. A) I pay off my credit card every month. B) I had a car loan but I can pay it off any time. C) I have a mortgage but I can pay it off any time too. 2) I save 1 year of expense every year for my whole life. But, I have enough m...