Search found 12169 matches

by The Wizard
Thu Nov 15, 2018 9:54 am
Forum: Investing - Theory, News & General
Topic: Can someone explain specifically how the "bucket" approach to retirement withdrawals is supposed to work?
Replies: 48
Views: 2996

Re: Can someone explain specifically how the "bucket" approach to retirement withdrawals is supposed to work?

There have been multiple "bucket" threads here over the years. I believe that collectively the conclusion was that doing this is just basically mental accounting and that it's really, in the end, just an accounting gimmick that reduces your equity exposure to something below where you tell yourself...
by The Wizard
Thu Nov 15, 2018 9:39 am
Forum: Personal Consumer Issues
Topic: fuel for snowblower
Replies: 40
Views: 2120

Re: fuel for snowblower

willthrill81 wrote:
Thu Nov 15, 2018 9:23 am

...Ethanol has become a witch to be hunted. In most cases, it's perfectly fine.
Correct.
In my case, 10% ethanol gasoline works fine in 4-cycle lawnmower and snowblower engines and in 2-cycle chainsaw engines (mixed with 2-cycle oil of course)...
by The Wizard
Thu Nov 15, 2018 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Why I plan on buying a life annuity - even if it is a stupid idea
Replies: 10
Views: 458

Re: Why I plan on buying a life annuity - even if it is a stupid idea

...As a gift from my (relatively) younger self to my older, and likely senile, self I plan to annualize a large portion of my retirement assets even if annuities are a terrible idea. Ending up broke and demented seems like an even worse idea. Welcome to the club. Alan actually likes single premium ...
by The Wizard
Thu Nov 15, 2018 9:17 am
Forum: Investing - Theory, News & General
Topic: Can someone explain specifically how the "bucket" approach to retirement withdrawals is supposed to work?
Replies: 48
Views: 2996

Re: Can someone explain specifically how the "bucket" approach to retirement withdrawals is supposed to work?

So long as one has enough Millions in retirement for their needs, one can keep it ALL in a so called Cash Bucket and be totally insulated from stock market variations. That's fine. As for me, a non-Bucketeer, I've been doing pro rata withdrawals from a tax deferred portfolio with 50% stocks and zero...
by The Wizard
Wed Nov 14, 2018 10:20 pm
Forum: Personal Consumer Issues
Topic: fuel for snowblower
Replies: 40
Views: 2120

Re: fuel for snowblower

I've used regular 87 octane car fuel with 10% ethanol for 30 years now, in three snowblowers with zero problems season to season.
This urban legend is overblown...
by The Wizard
Wed Nov 14, 2018 10:03 pm
Forum: Personal Consumer Issues
Topic: Mobile cellular hotspot for low data use
Replies: 15
Views: 755

Re: Mobile cellular hotspot for low data use

Google's Project Fi soon to be Google Fi only charges you for the data you use. However I don't think they have any data only plans. But if you moved your voice service over to them you could get up to five free data only SIMs to use or use your phone as a hotspot... Right. I also have Project Fi a...
by The Wizard
Wed Nov 14, 2018 4:32 pm
Forum: Investing - Theory, News & General
Topic: Can someone explain specifically how the "bucket" approach to retirement withdrawals is supposed to work?
Replies: 48
Views: 2996

Re: Can someone explain specifically how the "bucket" approach to retirement withdrawals is supposed to work?

Christine Benz at Morningstar is an advocate of the bucket approach and has written a lot about it. Google Christine Benz and Bucket approach; you you will find a lot of information. While this is correct, it certainly doesn't mean that many of us support a bucket strategy in retirement. I don't. W...
by The Wizard
Wed Nov 14, 2018 1:29 pm
Forum: Investing - Theory, News & General
Topic: Annuities
Replies: 16
Views: 1454

Re: Annuities

...If you don't have or care about heirs, the annuity is the way to go 100%... Not quite true, this. No one should be annuitizing 100% of their funds. In my case, lifetime annuities plus age 70 SS should easily exceed my basic plus discretionary expenses. Therefore, my just barely 7-figure portfoli...
by The Wizard
Wed Nov 14, 2018 1:15 pm
Forum: Investing - Theory, News & General
Topic: Can someone explain specifically how the "bucket" approach to retirement withdrawals is supposed to work?
Replies: 48
Views: 2996

Re: Can someone explain specifically how the "bucket" approach to retirement withdrawals is supposed to work?

I don't think that is the correct definition of "bucket investing". When I hear buckets for investing I think of something like a 40 year old might have the investments goals; 1) Kids college education 2) Buy a car in five years 3) emergency fund 4) high expenses in early retirement before they sta...
by The Wizard
Tue Nov 13, 2018 9:18 pm
Forum: Investing - Theory, News & General
Topic: Annuities
Replies: 16
Views: 1454

Re: Annuities

I'm 68 and retired.
I get "several" thousand dollars per month income from my single premium immediate annuities with TIAA, one of the better annuity providers.
For me, with no pension, this was a good choice.
Excessive income in retirement allows one to carry on in good style...
by The Wizard
Tue Nov 13, 2018 9:09 pm
Forum: Personal Consumer Issues
Topic: Too many choices for my next TRUCK
Replies: 83
Views: 5883

Re: Too many choices for my next TRUCK

A lot of it comes down to how you feel about Ford’s aluminum beds. You’ve got corrosion resistance and fuel efficiency from aluminum but trade off price and sharp impact performance (see Chevy drop test videos). I've had 2500 lbs of 3/4" crushed stone dropped into my aluminum 2016 F-150 bed from a ...
by The Wizard
Tue Nov 13, 2018 9:06 pm
Forum: Personal Consumer Issues
Topic: Too many choices for my next TRUCK
Replies: 83
Views: 5883

Re: Too many choices for my next TRUCK

2016 f-150 lariat owner here. Did have the backup camera go out on me, but it was under warranty. Other than that the truck has been great. I wouldn't even consider a tundra, and didn't when I shopped trucks. It is way dated, the technology is far behind, and the gas mileage atrocious. Fwiw, I'm no...
by The Wizard
Sun Nov 11, 2018 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: RMDs in the year one becomes 70 1/2
Replies: 24
Views: 1828

Re: RMDs in the year one becomes 70 1/2

We should also note that for people with large tax deferred accounts, it may not be cost effective to convert ALL of the traditional tax deferred to Roth prior to the year of age 70.5. The most cost-effective path for many if us us to keep income taxes roughly the same for years before and after age...
by The Wizard
Sun Nov 11, 2018 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA R1 With Painfully High Expenses - stuck?
Replies: 34
Views: 1912

Re: TIAA R1 With Painfully High Expenses - stuck?

Ok, good.
So do something like:
20% in TIAA Traditional
20% in TIAA Real Estate Account (TREA)
60% in CREF equity index.

Your current mix is OK too, but skip the 5% social choice.

And 30% equities is a bit low, even if you are retiring next year...
by The Wizard
Sun Nov 11, 2018 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone know why SSA has to be notified if you go outside the USA for 30 consecutive days or longer?
Replies: 19
Views: 3525

Re: Does anyone know why SSA has to be notified if you go outside the USA for 30 consecutive days or longer?

I just ran the on line tool for a couple of countries that I might go to in the next several years. https://www.ssa.gov/international/payments_outsideUS.html It gave this generic answer for all of them. As a United States citizen, you may receive your Social Security payments outside the United Sta...
by The Wizard
Sun Nov 11, 2018 7:49 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone know why SSA has to be notified if you go outside the USA for 30 consecutive days or longer?
Replies: 19
Views: 3525

Re: Does anyone know why SSA has to be notified if you go outside the USA for 30 consecutive days or longer?

...For example, the US has an embargo on North Korea and Cuba, and cannot legally send you payments while you are residing there. They will send you all the payments they withheld as soon as you move to a country where they can legally send them. There's a list of other countries where they cannot ...
by The Wizard
Sun Nov 11, 2018 7:08 am
Forum: Investing - Help with Personal Investments
Topic: Max Retirement Contribution for couples.
Replies: 5
Views: 694

Re: Max Retirement Contribution for couples.

Bacchus01 wrote:
Sun Nov 11, 2018 6:34 am
You can do $18.5k to trad 401k, not $18k...
That's for 2018.
Next year, the limit goes up to $19k for elective contributions, and $56k for total, including employer and mandatory contributions...
by The Wizard
Fri Nov 09, 2018 6:45 pm
Forum: Personal Consumer Issues
Topic: Favorite "free stuff"?
Replies: 131
Views: 9662

Re: Favorite "free stuff"?

Kenkat wrote:
Thu Nov 08, 2018 7:34 pm
tim1999 wrote:
Thu Nov 08, 2018 6:53 pm
Finding near-new Titleist ProV1 golf balls in the woods alongside the golf hole I am playing.
Once those balls have gotten a taste of freedom, they can no longer be relied upon to stay in the fairway. :happy
That's kinda funny...
by The Wizard
Fri Nov 09, 2018 7:26 am
Forum: Personal Consumer Issues
Topic: Too many choices for my next TRUCK
Replies: 83
Views: 5883

Re: Too many choices for my next TRUCK

...I am very familiar with 2018 F150s, and, to be honest I don't know enough about what you need to make an real reccomendation. Tell me, during the 10% hardest miles for your truck, what will you be asking it to do? This is a fun question. For me, with my F-150, it's when I get about 2500 lbs of 3...
by The Wizard
Fri Nov 09, 2018 7:09 am
Forum: Personal Consumer Issues
Topic: Too many choices for my next TRUCK
Replies: 83
Views: 5883

Re: Too many choices for my next TRUCK

I don't know how the ecoboost gimmick works with the Ford trucks, but I'd feel comfortable with the Ford over the Nissan for reliability. The Tundra probably has a leg up in this area, though. JT The gimmick is anything but; it is a twin turbo. Correct. It has a bit of turbo lag when you punch it i...
by The Wizard
Thu Nov 08, 2018 3:50 pm
Forum: Personal Consumer Issues
Topic: Too many choices for my next TRUCK
Replies: 83
Views: 5883

Re: Too many choices for my next TRUCK

I've had a 2016 F-150 for almost three years now with no problems. I factory ordered it with my choice of options, a higher trim level Lariat model with 4x4, which I use a lot for logging. I didn't test drive or research any other brands. I wanted aluminum after previous truck's bed rusted out ten y...
by The Wizard
Thu Nov 08, 2018 6:54 am
Forum: Investing - Help with Personal Investments
Topic: how do I determine if a company is value or growth?
Replies: 5
Views: 371

Re: how do I determine if a company is value or growth?

See if the company pays regular dividends or not. Dividends imply a value company.
See which value or growth tilted funds hold that company as well...
by The Wizard
Wed Nov 07, 2018 9:28 pm
Forum: Investing - Help with Personal Investments
Topic: Take SS or do Roth conversion
Replies: 7
Views: 968

Re: Take SS or do Roth conversion

megabad wrote:
Wed Nov 07, 2018 7:54 pm
Is your spousal benefit larger than your benefit? Is spouse in good health/have good genes? Will your tax bracket be a little higher or a lot higher?
Tax bracket alone isn't the whole issue.
Look more at Adjusted Gross Income.
by The Wizard
Wed Nov 07, 2018 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: RMD questions
Replies: 10
Views: 710

Re: RMD questions

I think we are assuming that the inherited IRA is from your spouse. If the inherited IRA is not from your spouse different rules apply. Inherited IRA is from a parent Then you are required to take distributions from that IRA under a different life expectancy formula starting in the year of the inhe...
by The Wizard
Wed Nov 07, 2018 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: RMD questions
Replies: 10
Views: 710

Re: RMD questions

Many people are better off taking first RMD by 12/31 of year they turn 70.5.
Exceptions might be for people with substantial employment income that year and people who sell a primary residence that year, etc...
by The Wizard
Mon Nov 05, 2018 6:58 am
Forum: Personal Consumer Issues
Topic: retirement travel: RVs vs fly/drive/hotel
Replies: 98
Views: 9157

Re: retirement travel: RVs vs fly/drive/hotel

We are dramatically more intrigued by the destination than the journey, and find driving monotonous. I would take an airplane to the grocery store if there weren't so many logistical issues. LOL - I hate road trips. And nowadays there are so many crazy drugged, distracted drivers and speeding jacka...
by The Wizard
Sun Nov 04, 2018 10:06 pm
Forum: Investing - Help with Personal Investments
Topic: RMDs and taxes
Replies: 28
Views: 2730

Re: RMDs and taxes

DH and I are late 50's, still working fulltime and maxing out our 401Ks for years. Really just starting to dawn on me we will be facing a huge tax hit come RMD time and that there are consequences for Medicare and social security... So you've won the game then? I'm similar, with a higher AGI in ret...
by The Wizard
Sat Nov 03, 2018 4:43 pm
Forum: Personal Consumer Issues
Topic: Please help me with my car decision
Replies: 42
Views: 3389

Re: Please help me with my car decision

First world problems, humblebrag edition. For a 3-7 mile commute, I’d sell the Porsche and get a bicycle, and teach my kids by example about fitness and saving the planet. Then get a Subaru or something for winter. Or just take an Uber when it snows. But I think you want permission from strangers t...
by The Wizard
Sat Nov 03, 2018 9:09 am
Forum: Personal Consumer Issues
Topic: retirement travel: RVs vs fly/drive/hotel
Replies: 98
Views: 9157

Re: retirement travel: RVs vs fly/drive/hotel

Domestically this year, I've had 4-5 day trips to Holland, MI, to Kansas City, to Philly/Delaware, and to Tulsa. An RV wouldn't have worked for any of thise, especially for the rather short time involved. We’ve been to all of those places within the past two years in our motorhome. There are reason...
by The Wizard
Sat Nov 03, 2018 5:42 am
Forum: Investing - Help with Personal Investments
Topic: Getting on track; Edward Jones & Vanguard advice
Replies: 31
Views: 3142

Re: Getting on track; Edward Jones & Vanguard advice

EJ likes to charge $95 for each account that is closed, so be aware of that.
Even if you initiate the transfer from Vanguard, EJ will withhold that $95 for their "services"...
by The Wizard
Sat Nov 03, 2018 4:13 am
Forum: Personal Consumer Issues
Topic: retirement travel: RVs vs fly/drive/hotel
Replies: 98
Views: 9157

Re: retirement travel: RVs vs fly/drive/hotel

I retired in 2013 and thought I might have a travel trailer by now, but I don't. Part of the "problem" is international travel; another part of the problem is conferences where an RV doesn't work. This year I've had a trip to Morocco in March, to Italy in July/August, and to Bonaire next week. In re...
by The Wizard
Fri Nov 02, 2018 5:23 pm
Forum: Investing - Theory, News & General
Topic: no dividends in index funds!
Replies: 95
Views: 9261

Re: no dividends in index funds!

barnaclebob wrote:
Fri Nov 02, 2018 9:04 am
Dividends are just something that makes you feel good, its not free money. Total return is all that matters. You can get the same result from selling shares if you need the cash.
Selling the chickens that lay your golden eggs?
Wow...
by The Wizard
Fri Nov 02, 2018 12:07 pm
Forum: Investing - Theory, News & General
Topic: What does your gut tell you; RMD now or in December?
Replies: 38
Views: 2200

Re: What does your gut tell you; RMD now or in December?

...With respect to RMDs, when you take them in December (or really any time ONCE a year) you are taking a lump sum out of the market and spending that lump down for the following year. That 'lump' is, on average, out of the market for 6 months. Taking it in 12 (or more) installments through the yea...
by The Wizard
Thu Nov 01, 2018 2:20 pm
Forum: Investing - Theory, News & General
Topic: What does your gut tell you; RMD now or in December?
Replies: 38
Views: 2200

Re: What does your gut tell you; RMD now or in December?

I'm planning on splitting my RMD into twelve equal amounts taken the 20th of each month starting in January 2020, the year I turn 70.5.

This mirrors what I've been doing since I retired be in 2013: equal monthly withdrawals from tax deferred...
by The Wizard
Wed Oct 31, 2018 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Tax refunds expected to be 26% more in 2019
Replies: 52
Views: 5687

Re: Tax refunds expected to be 26% more in 2019

Bacchus01 wrote:
Tue Oct 30, 2018 4:53 pm
I’ll be paying 5 figures as usual
Me, too.
Somewhere between $10k and $99k...
by The Wizard
Wed Oct 31, 2018 8:21 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth - did I mess this up?
Replies: 17
Views: 844

Re: Backdoor Roth - did I mess this up?

Wow I can't believe I missed that... :oops: :oops: :oops: I read up on White Coat Investors site on backdoor roth and it seems to me I have really 2 options to avoid a very substantial tax liability To be clear, you will only owe taxes on a portion of the amount you moved into your Roth, which I pr...
by The Wizard
Tue Oct 30, 2018 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Which Account for RMD?
Replies: 5
Views: 568

Re: Which Account for RMD?

Before the stock market went down, I had decided to take all of my RMD from Total Stock and transfer it to my Total Stock cash account. All my funds are at Vanguard Now that I have lost $50,000 from my Total Stock and only $1,000 from my Total Bond Account, it seems to make more sense to me to take...
by The Wizard
Tue Oct 30, 2018 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA Thresholds in 2020
Replies: 7
Views: 492

Re: IRMAA Thresholds in 2020

“The income thresholds that determine the income-related premium payments are frozen through 2019, but will increase by about 2 percent in 2020 and will be indexed after that for general price inflation.” https://www.kff.org/medicare/issue-brief/medicares-income-related-premiums-under-current-law-a...
by The Wizard
Mon Oct 29, 2018 11:02 pm
Forum: Personal Consumer Issues
Topic: Who has gotten the most value out of a car?
Replies: 48
Views: 3215

Re: Who has gotten the most value out of a car?

Value is a tough word to define.
I hauled a modest load of logs home today.
Could I do that with a standard econobox? Probably not.

So I'm going to decline to play...
by The Wizard
Mon Oct 29, 2018 10:21 am
Forum: Investing - Help with Personal Investments
Topic: Question on Roth conversions
Replies: 7
Views: 679

Re: Question on Roth conversions

MDfan wrote:
Mon Oct 29, 2018 6:27 am
I have a question regarding Roth conversions and I was wondering if someone could advise me on whether this is a good plan or if I'm missing something. Right now, we have the bulk of our money tied up in taxable accounts (TSP, 403b)...
Those are more correctly called tax-DEFERRED accounts...
by The Wizard
Sun Oct 28, 2018 5:56 pm
Forum: Investing - Theory, News & General
Topic: In retirement, when do you stop withdrawing from stocks in a downturn?
Replies: 141
Views: 9364

Re: In retirement, when do you stop withdrawing from stocks in a downturn?

I don't even think this thread is about rebalancing or withdrawal. Go back to the original post. This is about a poster who made the decision to re-allocate, not rebalance, and is having trouble pulling the trigger because the market is down. Threads have a way of taking on a life of their own as p...
by The Wizard
Sat Oct 27, 2018 3:14 pm
Forum: Investing - Theory, News & General
Topic: In retirement, when do you stop withdrawing from stocks in a downturn?
Replies: 141
Views: 9364

Re: In retirement, when do you stop withdrawing from stocks in a downturn?

... (FWIW, Christine Benz at Morningstar prefers not to use balanced funds in withdrawal because she wants to choose what to draw from.) This is because Ms.Benz is an ardent bucketeer as regards retirement withdrawal strategies. Many of us here are not fans of bucket strategies, because having more...
by The Wizard
Sat Oct 27, 2018 3:06 pm
Forum: Investing - Theory, News & General
Topic: In retirement, when do you stop withdrawing from stocks in a downturn?
Replies: 141
Views: 9364

Re: In retirement, when do you stop withdrawing from stocks in a downturn?

For sure, I'll check out McClung and ERN. It's funny, when I read about the 4% "rule" then hear that almost nobody actually follows it in practice, that makes me wonder, does anybody ever precisely follow anything in practice? Life doesn't work that way, right? I think a lot of older retirees proba...
by The Wizard
Sat Oct 27, 2018 2:10 pm
Forum: Investing - Theory, News & General
Topic: In retirement, when do you stop withdrawing from stocks in a downturn?
Replies: 141
Views: 9364

Re: In retirement, when do you stop withdrawing from stocks in a downturn?

Another way to examine the basic topic of this thread is look at what happens with an investor who has the bulk of his portfolio in a 60/40 Balanced Fund in tax deferred, where such a fund makes most sense. So then, yes indeed, each monthly withdrawal comes 60% from stock index funds no matter what ...
by The Wizard
Sat Oct 27, 2018 12:24 pm
Forum: Investing - Help with Personal Investments
Topic: New to index investing
Replies: 6
Views: 417

Re: New to index investing

You also have the option of iShares ETF’s at Fidelity which will not have capital gains. These are ITOT, IXUS and IUSB... Why will those iShares ETFs never have capital gains, even if broad market doubles in value over next decade? Or do you mean CG DISTRIBUTIONS year by year like many active funds...
by The Wizard
Fri Oct 26, 2018 8:03 am
Forum: Investing - Theory, News & General
Topic: In retirement, when do you stop withdrawing from stocks in a downturn?
Replies: 141
Views: 9364

Re: In retirement, when do you stop withdrawing from stocks in a downturn?

Okay, so you'd still be withdrawing from stocks in both a correction and a crash; I know there is no way I could do that. Psychologically it'd be too painful. Though I do like the concept of constant AA, I think I'd be happier not touching stocks when they're doing poorly. Which means that I'll nee...
by The Wizard
Fri Oct 26, 2018 2:43 am
Forum: Investing - Theory, News & General
Topic: Teach children to save 10% from day one...?
Replies: 31
Views: 2251

Re: Teach children to save 10% from day one...?

What matters is when your offspring are on their own and earning a living, often in early 20's. Saving money in one's childhood years should be for near term goals, not "retirement", for crying out loud. Once you get a Real Job and are paying 100% of your own expenses, then the Real Game is underway...
by The Wizard
Thu Oct 25, 2018 1:37 pm
Forum: Investing - Theory, News & General
Topic: In retirement, when do you stop withdrawing from stocks in a downturn?
Replies: 141
Views: 9364

Re: In retirement, when do you stop withdrawing from stocks in a downturn?

I withdraw a certain amount each month pro rata from my tax deferred portfolio. So when stocks go down a few percent, I automatically withdraw a bit less from the stock side. Rebalancing I need to do manually, when and if I get close to a rebalancing threshold... So to be clear, you still withdraw ...
by The Wizard
Thu Oct 25, 2018 10:08 am
Forum: Investing - Help with Personal Investments
Topic: Is this an international wash sale?
Replies: 11
Views: 713

Re: Is this an international wash sale?

Ilikesparklers wrote:
Thu Oct 25, 2018 10:05 am
PRITX holds 3 that are in Fidelity's top 10: Alibaba, Taiwan Semiconductor, and Tencent

PRESX hold 4 that are in Fidelity's top 10: Nestle, Novartis, Roche, Total

Is there some kind of threshold?
Threshold = identicality.
These are not identical...
by The Wizard
Thu Oct 25, 2018 9:45 am
Forum: Investing - Help with Personal Investments
Topic: Is this an international wash sale?
Replies: 11
Views: 713

Re: Is this an international wash sale?

Let's take a look at the ten largest holdings in each fund and see if they are identical. The two TRP funds have quite different top ten holdings so not identical there. But FZILX is apparently too new to have holdings listed on M*, so need to track those down somewhere else. But clearly, if top ten...