Search found 5468 matches

by Leesbro63
Thu Nov 15, 2018 3:53 pm
Forum: Investing - Theory, News & General
Topic: Can someone explain specifically how the "bucket" approach to retirement withdrawals is supposed to work?
Replies: 75
Views: 4699

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

What about for a portfolio 55/45 with a withdrawal rate of 2%? I am hoping to be able to do that in 7 years when I'm 65. I assume the income from the portfolio will fund the withdrawal rate (spending) without having to sell assets. I'm guessing that I'll need a 6 month cushion, at least for a few y...
by Leesbro63
Thu Nov 15, 2018 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Amazon says TurboTax 2018 will be released November 12
Replies: 60
Views: 6122

Re: Amazon says TurboTax 2018 will be released November 12

Today is Nov 15th. Can I buy Turbotax Premier from direct from Intuit, online/download, and also can I buy what I need to do a Trust tax return Form 1041? I tried to play with what I think is the Intuit site and it's just not clear.
by Leesbro63
Thu Nov 15, 2018 9:44 am
Forum: Investing - Theory, News & General
Topic: Can someone explain specifically how the "bucket" approach to retirement withdrawals is supposed to work?
Replies: 75
Views: 4699

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 Leesbro63
Wed Nov 14, 2018 5:04 pm
Forum: Personal Consumer Issues
Topic: cvt transmissions
Replies: 67
Views: 8869

Re: cvt transmissions

My son's 2014 Corolla is 5 1/2 years old and 50,000 miles. It was one of the first to have a cvt. I wonder how these are holding up, statistically, in Toyotas. Anyone have any data? His seems fine so far.
by Leesbro63
Wed Nov 14, 2018 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: My Grandmother has 80% stocks
Replies: 55
Views: 5279

Re: My Grandmother has 80% stocks

What advice could I offer her? I would like to see her bring her portfolio to a more conservative place. Sounds like she is doing fine. A person who knows their asset allocation (80/20) and see capital gains taxes as their biggest peril is probably very comfortable financially. My advice to the OP ...
by Leesbro63
Wed Nov 14, 2018 4:58 pm
Forum: Investing - Theory, News & General
Topic: Can someone explain specifically how the "bucket" approach to retirement withdrawals is supposed to work?
Replies: 75
Views: 4699

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

What about for a portfolio 55/45 with a withdrawal rate of 2%? I am hoping to be able to do that in 7 years when I'm 65. I assume the income from the portfolio will fund the withdrawal rate (spending) without having to sell assets. I'm guessing that I'll need a 6 month cushion, at least for a few ye...
by Leesbro63
Mon Nov 12, 2018 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need more than Original Medicare?
Replies: 110
Views: 6109

Re: Do I need more than Original Medicare?

Not directly related but worth discussion: The one big, glaring "loophole" from the old healthcare system, that still exists today, is the ability of providers to charge anything they want and for cash patients to be legally obligated to pay that. A $100,000 hospital bill can cost a cash patient $10...
by Leesbro63
Mon Nov 12, 2018 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need more than Original Medicare?
Replies: 110
Views: 6109

Re: Do I need more than Original Medicare?

The whole prospect of a PPO reimbursing “full sticker”, out-of-network fees, with so cap or fee-schedule, does not pass the smell test. My MA PPO is not going to reimburse ¨full sticker." My PPO will allow me to go to any doc (in or out of network) as long as the doctor accepts Medicare. If my prov...
by Leesbro63
Mon Nov 12, 2018 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need more than Original Medicare?
Replies: 110
Views: 6109

Re: Do I need more than Original Medicare?

The whole prospect of a PPO reimbursing “full sticker”, out-of-network fees, with so cap or fee-schedule, does not pass the smell test. My MA PPO is not going to reimburse ¨full sticker." My PPO will allow me to go to any doc (in or out of network) as long as the doctor accepts Medicare. If my prov...
by Leesbro63
Mon Nov 12, 2018 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need more than Original Medicare?
Replies: 110
Views: 6109

Re: Do I need more than Original Medicare?

The whole prospect of a PPO reimbursing “full sticker”, out-of-network fees, with so cap or fee-schedule, does not pass the smell test.
by Leesbro63
Mon Nov 12, 2018 6:48 am
Forum: Personal Finance (Not Investing)
Topic: Do I need more than Original Medicare?
Replies: 110
Views: 6109

Re: Do I need more than Original Medicare?

The Medicare Advantage PPO plan I have through my employer-retiree program covers everything the same for out of network and in network providers. Why would a Medicare supplement plan be better? My employer-retiree program does not offer a supplement plan. Interestingly, the provider they use, UHC,...
by Leesbro63
Mon Nov 12, 2018 6:43 am
Forum: Personal Finance (Not Investing)
Topic: Questions on Credit Reports and Credit Scores
Replies: 13
Views: 797

Re: Questions on Credit Reports and Credit Scores

I have both a Chase and a CapitalOne credit card that update my credit score monthly. End of story.
by Leesbro63
Sun Nov 11, 2018 9:56 pm
Forum: Investing - Theory, News & General
Topic: Take taxes into account when rebalancing?
Replies: 44
Views: 2234

Re: Take taxes into account when rebalancing?

For investment asset allocation, what matters is not what the asset is worth now, but what it will produce in spendable income. I thought that you buy an asset for an expected total return...income AND capital appreciation? And that stocks, especially since the 1950s, have most of their return from...
by Leesbro63
Sun Nov 11, 2018 8:23 pm
Forum: Investing - Theory, News & General
Topic: Take taxes into account when rebalancing?
Replies: 44
Views: 2234

Re: Take taxes into account when rebalancing?

For investment asset allocation, what matters is not what the asset is worth now, but what it will produce in spendable income. I thought that you buy an asset for an expected total return...income AND capital appreciation? And that stocks, especially since the 1950s, have most of their return from...
by Leesbro63
Sun Nov 11, 2018 6:39 pm
Forum: Investing - Theory, News & General
Topic: Take taxes into account when rebalancing?
Replies: 44
Views: 2234

Re: Take taxes into account when rebalancing?

I have been playing around with using after-tax values for rebalancing. Roth funds need no reduction so the after-tax multiplier factor is 1 For tax-deferred, the factor is about 0.7325 for me. That's assuming a 22% federal marginal tax plus my state tax rate. For taxable, the factor is about 0.9 w...
by Leesbro63
Sun Nov 11, 2018 5:53 pm
Forum: Investing - Theory, News & General
Topic: Take taxes into account when rebalancing?
Replies: 44
Views: 2234

Re: Take taxes into account when rebalancing?

I have been playing around with using after-tax values for rebalancing. Roth funds need no reduction so the after-tax multiplier factor is 1 For tax-deferred, the factor is about 0.7325 for me. That's assuming a 22% federal marginal tax plus my state tax rate. For taxable, the factor is about 0.9 w...
by Leesbro63
Sun Nov 11, 2018 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need more than Original Medicare?
Replies: 110
Views: 6109

Re: Do I need more than Original Medicare?

MathIsMyWayr wrote:
Sun Nov 11, 2018 2:41 pm
If you develop a serious health problem, can you see specialists out of your Medicare Advantage plan?
That’s the issue for my friend. Afraid of losing the ability to go to a Cleveland Clinic or Mayo or Sloan-Kettering etc.
by Leesbro63
Sun Nov 11, 2018 9:26 am
Forum: Investing - Theory, News & General
Topic: Take taxes into account when rebalancing?
Replies: 44
Views: 2234

Re: Take taxes into account when rebalancing?

Your math is over my head, but I get the big concept. This discussion comes up every so often here. My own feeling, which has often been confirmed by others, is never (or perhaps ALMOST never) rebalance anything that requires paying tax to do so. The drag of the permanently lost tax paid is general...
by Leesbro63
Sun Nov 11, 2018 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Do I need more than Original Medicare?
Replies: 110
Views: 6109

Re: Do I need more than Original Medicare?

.......................................... Can you switch between Medigap and Medicare Advantage? If so, are there any restrictions such as underwriting? Who sets the premiums of Medigap, Medicare or individual insurance companies? Is Medigap subject to IRMAA? https://www.google.com/search?q=can+i+...
by Leesbro63
Fri Nov 09, 2018 3:32 pm
Forum: Investing - Theory, News & General
Topic: Take taxes into account when rebalancing?
Replies: 44
Views: 2234

Re: Take taxes into account when rebalancing?

Your math is over my head, but I get the big concept. This discussion comes up every so often here. My own feeling, which has often been confirmed by others, is never (or perhaps ALMOST never) rebalance anything that requires paying tax to do so. The drag of the permanently lost tax paid is general...
by Leesbro63
Fri Nov 09, 2018 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: Ron Baron Claims He Beats the Markets
Replies: 8
Views: 1149

Re: Ron Baron Claims He Beats the Markets

read his results here (article by Mark Hebner from 2017). It tracks turnover, survivorship bias, performance, etc. start of article: https://seekingalpha.com/article/4099300-baron-funds-deeper-look-performance his performance: https://seekingalpha.com/article/4099300-baron-funds-deeper-look-perform...
by Leesbro63
Fri Nov 09, 2018 12:17 pm
Forum: Investing - Theory, News & General
Topic: Take taxes into account when rebalancing?
Replies: 44
Views: 2234

Re: Take taxes into account when rebalancing?

Your math is over my head, but I get the big concept. This discussion comes up every so often here. My own feeling, which has often been confirmed by others, is never (or perhaps ALMOST never) rebalance anything that requires paying tax to do so. The drag of the permanently lost tax paid is general...
by Leesbro63
Fri Nov 09, 2018 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Traditional IRA and/or Solo 401K
Replies: 9
Views: 340

Re: Traditional IRA and/or Solo 401K

High income. So what does this mean? So till last year, since there was no retirement plan at work (his own company), trad IRA was all deductible If now he starts a solo 401k, then the deductible part of IRA has limits. https://www.irs.gov/retirement-plans/ira-deduction-limits He needs to be aware ...
by Leesbro63
Fri Nov 09, 2018 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Traditional IRA and/or Solo 401K
Replies: 9
Views: 340

Re: Traditional IRA and/or Solo 401K

niceguy7376 wrote:
Fri Nov 09, 2018 10:36 am
What is (and was) the revenue for the S Corp and his salary this year (and prev years)?

Based on his salary, the ability to contribute to DEDUCTIBLE trad ira comes into picture.
High income. So what does this mean?
by Leesbro63
Fri Nov 09, 2018 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Traditional IRA and/or Solo 401K
Replies: 9
Views: 340

Re: Traditional IRA and/or Solo 401K

solo 401k and IRA have nothing to do with each other. you can do employee up to 19+6 catch up assuming no other qualifying accounts. and then he can do employer up to 56K if his income qualifies. is he using a SEPIRA right now? Just using a regular SEPIRA. It was my understanding that if your incom...
by Leesbro63
Fri Nov 09, 2018 10:21 am
Forum: Investing - Help with Personal Investments
Topic: Ron Baron Claims He Beats the Markets
Replies: 8
Views: 1149

Ron Baron Claims He Beats the Markets

Today I watched Ron Baron on CNBC smugly claim that he beats the markets. Part of what he had to say was actually very Bogleheadish: That the economy is 25x what it was 50 years ago (not inflation adjusted, tho) and that the stock market is about the same thing. And that the case can be made for the...
by Leesbro63
Fri Nov 09, 2018 10:16 am
Forum: Investing - Theory, News & General
Topic: Take taxes into account when rebalancing?
Replies: 44
Views: 2234

Re: Take taxes into account when rebalancing?

Your math is over my head, but I get the big concept. This discussion comes up every so often here. My own feeling, which has often been confirmed by others, is never (or perhaps ALMOST never) rebalance anything that requires paying tax to do so. The drag of the permanently lost tax paid is generall...
by Leesbro63
Fri Nov 09, 2018 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Traditional IRA and/or Solo 401K
Replies: 9
Views: 340

Traditional IRA and/or Solo 401K

My brother is a professional who has been doing a $6500/year Traditional IRA every year. This year, because he no longer has employees, his accountant suggested that he do a solo 401K. Because I help him with this stuff, I'd like to get some verification on a few things. 1. How much can he put into ...
by Leesbro63
Thu Nov 08, 2018 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Do I need more than Original Medicare?
Replies: 110
Views: 6109

Re: Do I need more than Original Medicare?

It would be useful to see examples of the out of pocket costs with only parts A&B. For example, if you had a heart attack, diabetes, etc. I did a quick search and didn't find anything. I think the numbers would startle you if you think you don't need any other coverage. My Grandfather had a torn ao...
by Leesbro63
Wed Nov 07, 2018 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Do I need more than Original Medicare?
Replies: 110
Views: 6109

Re: Do I need more than Original Medicare?

It would be useful to see examples of the out of pocket costs with only parts A&B. For example, if you had a heart attack, diabetes, etc. I did a quick search and didn't find anything. I think the numbers would startle you if you think you don't need any other coverage. My Grandfather had a torn ao...
by Leesbro63
Mon Nov 05, 2018 1:27 pm
Forum: Investing - Theory, News & General
Topic: Question on the 4% withdrawal rule
Replies: 66
Views: 4349

Re: Question on the 4% withdrawal rule

That’s a great idea. Many of the simulations I’ve run on Fidelity and firecalc show that even in bottom 25-50% historical outcomes, portfolio grows to much more than you started in nominal terms at least for a 4% swr. But I think most would have a hard time continuing with a 4% swr robotically duri...
by Leesbro63
Mon Nov 05, 2018 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Teaching kids there is an ample amount of money
Replies: 108
Views: 7955

Re: Teaching kids there is an ample amount of money

We started filling in our kids on our financial situation — like income and level of savings —when they were teenagers. Even to the point that we told them who would be their guardian and trustee of their assets (two different people) in the unlikely event that we both died before they were adults....
by Leesbro63
Sat Nov 03, 2018 10:52 am
Forum: Investing - Theory, News & General
Topic: FRED inflation--breakeven vs forward expectation estimate?
Replies: 5
Views: 389

Re: FRED inflation--breakeven vs forward expectation estimate?

“Expecting” 2% inflation seems like folly to me. How would that have worked out starting in 1965 or 1966? What was the “expected” inflation rate then?
by Leesbro63
Sat Nov 03, 2018 7:10 am
Forum: Investing - Help with Personal Investments
Topic: My Grandmother has 80% stocks
Replies: 55
Views: 5279

Re: My Grandmother has 80% stocks

I agree with most of the other replies here. And want to add that this also sounds "generational". That generation came of age before the average investor knew about "asset allocation". Many learned to buy stocks and mutual funds "for the dividend". At her age, she probably doesn't care much about p...
by Leesbro63
Fri Nov 02, 2018 11:08 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3000
Views: 589087

Re: What's Your Credit Card Rewards Strategy?

We still don't MS and only apply for a couple new cards each per year...but it still really is so easy...isn't it? 8-) MS? Manufactured Spend Is there still any easy/cheap manufactured spend left? I need $3000 to get the rewards on a new card. I'll get it within a few months of regular spending, bu...
by Leesbro63
Sun Oct 28, 2018 11:49 am
Forum: Investing - Help with Personal Investments
Topic: "Muni Bonds Time Bomb" Barron's
Replies: 48
Views: 6432

Re: "Muni Bonds Time Bomb" Barron's

Should we NOW become worried: Update October 28, 2018: Article from WSJ "When crunchtime comes, owners of what are in theory ultrasafe bonds—those backed by the taxing power of issuers—may be in for another rude surprise. In most bankruptcies, pensioners have been treated far better than bondholders...
by Leesbro63
Fri Oct 26, 2018 10:50 am
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2307
Views: 1455913

Re: The Three-Fund Portfolio

This post made me wonder about 1973-4-5. I know that BND did not exist then. But I'm wondering how an overall stock/bond (say 60/40 or even 50/50) portfolio did then. I'm not sure that a mere 10 year period says much about the safety of BND. We can compare how BND-like bonds did, relative to stocks...
by Leesbro63
Fri Oct 26, 2018 10:48 am
Forum: Investing - Help with Personal Investments
Topic: If I contributed 30k to a 529 last year, but contributed more this year, will I be penalized?
Replies: 13
Views: 1436

Re: If I contributed 30k to a 529 last year, but contributed more this year, will I be penalized?

I believe y'all are talking about gift tax limits. However, if you have less than $11m it's really academic. You can give what you want to a 529 and, at most, file a 709 gift tax return. Actually, the number to be concerned about isn't $11M but half of that. Because under current tax law, the Feder...
by Leesbro63
Fri Oct 26, 2018 8:39 am
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2307
Views: 1455913

Re: The Three-Fund Portfolio

For the fixed income allocation portion, what is the case for Total Bond Market (BND) vs 20+ Yr Treasury bonds (TLT)? I understand the fallacies and risks of back-testing, but tests of 3-fund or even 2-fund portfolios with TLT vs BND over various time periods show a 1.5+ CAGR advantage for TLT with...
by Leesbro63
Wed Oct 24, 2018 10:01 am
Forum: Personal Consumer Issues
Topic: Temporary Credit Freeze Lift and non-required PINs - no security
Replies: 19
Views: 2277

Re: Temporary Credit Freeze Lift and non-required PINs - no security

Thank you OP for posting this. As I result, I've tested each of my pins acquired back in 2015. EXPERIAN Per US PIRG suggestion, I permanently removed my freeze and then re-added and created a new pin. EQUIFAX I created an account at my.equifax.com. The language on the page indicated I would need my...
by Leesbro63
Wed Oct 24, 2018 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Credit card claim for rental car collision?
Replies: 31
Views: 2576

Re: Credit card claim for rental car collision?

We thought we were covered with our Citibank card, but it didn't turn out that way. We had a minor fender bender ($914 damage), the other driver was at fault (swerved across 4 lanes of traffic to make a right turn without looking), and their insurance (Geico) paid the full amount of the damages. He...
by Leesbro63
Wed Oct 24, 2018 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Credit card claim for rental car collision?
Replies: 31
Views: 2576

Re: Credit card claim for rental car collision?

It's good to see some of these reports. I've always wondered how well the CC companies handle these claims. I always put rentals on my Chase Sapphire Preferred. I do not have my own car insurance, so I assume in that situation the CC coverage (whether it be on the Sapphire or any other card I provi...
by Leesbro63
Wed Oct 24, 2018 7:16 am
Forum: Investing - Help with Personal Investments
Topic: 32M burned out from active investing
Replies: 28
Views: 3747

Re: 32M burned out from active investing

I thought this was a post about someone who had $32m.
by Leesbro63
Sun Oct 21, 2018 4:35 pm
Forum: Personal Consumer Issues
Topic: Why Purchase an Automobile using Premium Gasoline?
Replies: 68
Views: 3074

Re: Why Purchase an Automobile using Premium Gasoline?

At some point, this question might become irrelevant. Auto makers are pushing for a "single grade" of fuel (premium) and design all engines to run on it. They say there is a benefit (fuel mileage and performance) if all cars consumed high octane fuel. http://www.autonews.com/article/20180514/OEM11/...
by Leesbro63
Sun Oct 21, 2018 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card claim for rental car collision?
Replies: 31
Views: 2576

Re: Credit card claim for rental car collision?

Back in Dec 2016, I totaled a Hertz rental car (by rear ending another Hertz rental) in Hawaii. I had used Hertz reward points to book the car for 4 days but luckily paid the taxes with my Chase Sapphire Reserve card. After I returned back home, I got 2 claims from Hertz - first for 12K for the car...
by Leesbro63
Sun Oct 21, 2018 3:56 pm
Forum: Personal Consumer Issues
Topic: Why Purchase an Automobile using Premium Gasoline?
Replies: 68
Views: 3074

Re: Why Purchase an Automobile using Premium Gasoline?

A few years ago when I was trying to decide between the Lexus RX and the Lexus NX, the fuel thing was part of my decision to go with the bigger vehicle (RX). Oddly, the NX requires premium but the RX does not. And even though the NX is a smaller vehicle, when you factor in the cost of premium, the ...
by Leesbro63
Sun Oct 21, 2018 3:49 pm
Forum: Personal Consumer Issues
Topic: Why Purchase an Automobile using Premium Gasoline?
Replies: 68
Views: 3074

Re: Why Purchase an Automobile using Premium Gasoline?

Isn’t this a way to scam/goose-up the CAFE numbers? A certain ehicle gets 25MPG out of premium gas but only 20MPG from a the same vehicle with a different engine, using regular gas. So it helps the CAFE numbers for the manufacturer. Isn’t it just a matter of time until government accounting catches ...
by Leesbro63
Sun Oct 21, 2018 2:09 pm
Forum: Personal Consumer Issues
Topic: Why Purchase an Automobile using Premium Gasoline?
Replies: 68
Views: 3074

Re: Why Purchase an Automobile using Premium Gasoline?

A few years ago when I was trying to decide between the Lexus RX and the Lexus NX, the fuel thing was part of my decision to go with the bigger vehicle (RX). Oddly, the NX requires premium but the RX does not. And even though the NX is a smaller vehicle, when you factor in the cost of premium, the c...
by Leesbro63
Sun Oct 21, 2018 12:37 pm
Forum: Investing - Help with Personal Investments
Topic: “The Worst Kind of Bear Market”
Replies: 23
Views: 4673

Re: “The Worst Kind of Bear Market”

It's not surprising it took investors a long time to reorient themselves towards an inflationary environment - 3 decades, in fact. And many of us who came of age in the 1970s have been slow to reorient toward a low inflation environment. I still fear inflation, probably to my detriment as I've kept...
by Leesbro63
Sat Oct 20, 2018 11:35 am
Forum: Investing - Theory, News & General
Topic: "Safe" Withdrawal Rate for Early Retirees (or any retiree)
Replies: 226
Views: 19475

Re: "Safe" Withdrawal Rate for Early Retirees (or any retiree)

The message in those articles is that a little flexibility isn't going to do much at all for you in a poor sequence of returns. In a typical sensationalist blogging manner, these blog articles base their message on a volatile 80/20 stocks/bonds portfolio, with no accompanying Social Security, pensi...