Search found 8036 matches

by delamer
Thu Jul 18, 2019 3:51 pm
Forum: Personal Investments
Topic: AA of 529 plan?
Replies: 2
Views: 94

Re: AA of 529 plan?

Following the general rule that money to be spent within 5 years shouldn’t be in stocks, we began moving into cash and short-term bonds when our kids were freshmen in high school.
by delamer
Thu Jul 18, 2019 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Help me live off my retirement funds
Replies: 7
Views: 809

Re: Help me live off my retirement funds

Keep in mind that your account will be throwing off interest/dividends/capital gains, probably around $75,000/year. So the first step would be to have those monies go to your settlement account and withdraw from it to cover expenses. After all, you have to pay taxes on them whether you withdraw them...
by delamer
Thu Jul 18, 2019 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Father Passed Away: Now responsible for mother's finances
Replies: 5
Views: 768

Re: Father Passed Away: Now responsible for mother's finances

I am sorry about your father. Edward Jones is unpopular on this forum for good reason — high fees, poor investment choices, etc. So yes, I agree that moving to another brokerage is a good option. My personal preference would be to move the assets to a financial institution that had a local office in...
by delamer
Thu Jul 18, 2019 12:19 pm
Forum: Personal Investments
Topic: Just sat through a wealth-management sales pitch.
Replies: 41
Views: 3037

Re: Just sat through a wealth-management sales pitch.

I am interested that you were willing to provide a friend’s daughter with details of your finances, especially given that you had no serious interest in the service.
by delamer
Thu Jul 18, 2019 11:54 am
Forum: Personal Investments
Topic: Required Minimum Distribution Questions
Replies: 17
Views: 1781

Re: Required Minimum Distribution Questions

My wife and I are YEARS away from RMDs so I have not begun to study up on this topic ;) But in the interest of making it as foolproof as possible, wouldn't you want to simply roll everything that's non-ROTH or non-ND-IRA into an individual IRA? This way the amount of RMD is easily calculated? For e...
by delamer
Thu Jul 18, 2019 11:40 am
Forum: Personal Investments
Topic: Required Minimum Distribution Questions
Replies: 17
Views: 1781

Re: Required Minimum Distribution Questions

RMDs are required from 401k accounts separately, but IRAs can be aggregated and the total RMD required can be taken from one or more accounts. Even in the case of IRAs, automatic RMDs are often taken in proportion. If you manually take distributions >= to the RMD amount, you can take them in any pr...
by delamer
Thu Jul 18, 2019 10:22 am
Forum: Personal Investments
Topic: Required Minimum Distribution Questions
Replies: 17
Views: 1781

Re: Required Minimum Distribution Questions

RMDs are required from 401k accounts separately, but IRAs can be aggregated and the total RMD required can be taken from one or more accounts. Even in the case of IRAs, automatic RMDs are often taken in proportion. If you manually take distributions >= to the RMD amount, you can take them in any pr...
by delamer
Thu Jul 18, 2019 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Early claim of SS if you quit working before 62
Replies: 7
Views: 713

Re: Early claim of SS if you quit working before 62

If you worked for 35 years and you earned the maximum wages taxable (or more) under Social Security for each of those years, then adding more years at the max won’t change your benefit. But there are very few people retiring before 62 who meet that criteria. Even if you are earning at the max or abo...
by delamer
Wed Jul 17, 2019 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Please help, Father dying & losing homes
Replies: 22
Views: 2658

Re: Please help, Father dying & losing homes

I wouldn't necessarily expect the social workers at the hospital to offer legal expertise directly, but they may know of available legal resources. If no good, free, legal resources are available, you may need to dig deeper into your own pockets for paid legal help. Ideally, you've got some financi...
by delamer
Wed Jul 17, 2019 11:11 pm
Forum: Personal Investments
Topic: 83 y.o. widow requesting assistance with AA
Replies: 9
Views: 665

Re: 83 y.o. widow requesting assistance with AA

As others have noted, it may be that the Vanguard advisor was constrained due to the tax implications of selling some of your positions. But none of the suggestions are really objectionable. That said, I’d take a different approach in your position. I’d work with an accountant to divest of your taxa...
by delamer
Wed Jul 17, 2019 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Please help, Father dying & losing homes
Replies: 22
Views: 2658

Re: Please help, Father dying & losing homes

I am sorry for your family’s situation.

There should be social workers at your father’s hospital that can help you get find legal resources to figure out your best options.
by delamer
Wed Jul 17, 2019 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: help with avoiding inheritance/estate tax
Replies: 14
Views: 1248

Re: help with avoiding inheritance/estate tax

You need to see an estate lawyer and have her/him draw up a will and other end-of-life documents, like health care power-of-attorney.

S/he can advise you in the inheritance tax issues.
by delamer
Wed Jul 17, 2019 8:36 pm
Forum: Personal Investments
Topic: Pay off mortgage early?
Replies: 14
Views: 1311

Re: Pay off mortgage early?

Thanks, that's pretty much what my brother who is a CPA said I should do. He said when the time comes,we'll sit down and see what's best. I was just trying to get in front of things before that day comes. When I see how much my account want up in just five years,I was thinking maybe paying off the ...
by delamer
Wed Jul 17, 2019 8:10 pm
Forum: Personal Investments
Topic: Switching from passive to active management
Replies: 100
Views: 6878

Re: Switching from passive to active management

What services does BT provide that (the OP is) interested in? Estate planning/trust management - an estate planning attorney would satisfy this need, and a quality one will still be way cheaper. Professional trust management should be done by a Trust Company and not by an estate attorney. Skilled t...
by delamer
Wed Jul 17, 2019 7:58 pm
Forum: Personal Investments
Topic: Pay off mortgage early?
Replies: 14
Views: 1311

Re: Pay off mortgage early?

Thanks everyone for your help.Here's a little more information. I was pre-approved for a 150,000 mortgage in April. The account I'm thinking about taking money out of is a tax deferred account, Vanguard LifeStrategy Conservative Growth Fund. Thanks again everyone who replied! Given that information...
by delamer
Wed Jul 17, 2019 5:37 pm
Forum: Personal Investments
Topic: Pay off mortgage early?
Replies: 14
Views: 1311

Re: Pay off mortgage early?

What type of account would you be withdrawing from if you decide to pay cash?

The tax burden would likely be very different if you are withdrawing from a taxable versus tax-deferred account.

You should really understand the actual burden before you make any decisions.
by delamer
Wed Jul 17, 2019 4:57 pm
Forum: Personal Consumer Issues
Topic: Garage Organization
Replies: 47
Views: 2472

Re: Garage Organization

I cleaned out a shed and reorganized in the spring. A shed is just another garage. First thing - start throwing stuff out. Or bring it to Goodwill or Habitat for Humanity. Don't fool yourself about selling all that. Too much time and dicking around. How much can I get? How much to sell it for? It w...
by delamer
Wed Jul 17, 2019 4:45 pm
Forum: Personal Investments
Topic: asset allocation anxiety
Replies: 27
Views: 1769

Re: asset allocation anxiety

If you truly can live fine just on your Social Security, then there is little downside to a higher stock allocation. Just like there is little downside to a lower stock allocation. My personal preference with a high stock allocation is to put most of fixed income in cash rather than bonds. Your curr...
by delamer
Wed Jul 17, 2019 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: How to plan for extended illness?
Replies: 35
Views: 1710

Re: How to plan for extended illness?

willthrill81 wrote:
Wed Jul 17, 2019 12:55 pm
anoop wrote:
Tue Jul 16, 2019 5:25 pm
Check if the disability payments would be taxable. If not, that may provide additional relief.
Disability insurance payouts are not taxable income.
I think that is only true if you paid the premiums yourself. If it is employer-paid coverage, you will owe taxes.
by delamer
Wed Jul 17, 2019 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Will your investments be enough to cover ALF/misc.medical costs/etc.so there is no burden to your children?
Replies: 83
Views: 3868

Re: Will your investments be enough to cover ALF/misc.medical costs/etc.so there is no burden to your children?

1) SPIA (or ladder a few), for ongoing income that could also be used in the future to pay toward LTC indefinitely. This alone could be a very good move. TMK, SPIA payouts do not impact Medicaid eligibility in most states after five years from when the SPIA is bought. Those payouts plus Medicaid co...
by delamer
Wed Jul 17, 2019 10:25 am
Forum: Personal Investments
Topic: retirement portfolio income
Replies: 10
Views: 1462

Re: retirement portfolio income

So how would you handle the withdrawals if you had 5 or 6 accounts? I would have to see the accounts and what is in each one. There is no general method. Sometimes people manage things so as to keep overall asset allocation closer to balance. That assumes all six accounts have similar tax treatment...
by delamer
Tue Jul 16, 2019 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Do you care about your home appreciating?
Replies: 91
Views: 4645

Re: Do you care about your home appreciating?

I care about all of my assets appreciating, including my home. Seconding. Yes. It’s a double edged sword. We’re staying here for the long term. I like the sharp appreciation we’ve experience as it makes me feel like we made the right decision to buy and adding to net worth always feels good. On the...
by delamer
Tue Jul 16, 2019 8:34 pm
Forum: Personal Investments
Topic: retirement portfolio income
Replies: 10
Views: 1462

Re: retirement portfolio income

Not really because in a tax-sheltered account all the distributions are treated the same. Just reinvest everything and sell shares to get what you need. One can even set that up with automated withdrawals. But you can do what you suggested if you like it complicated. The reality is that you can sta...
by delamer
Tue Jul 16, 2019 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Will your investments be enough to cover ALF/misc.medical costs/etc.so there is no burden to your children?
Replies: 83
Views: 3868

Re: Will your investments be enough to cover ALF/misc.medical costs/etc.so there is no burden to your children?

. We got X dollars. Those X dollars need to support a number of spending needs, some of which may not be foreseen. Not saying "set the dollars aside" but rather estimate a % of your portfolio for LTC (3,5,10yrs. whatever you're comforable with) to be there if you need it. It can still grow in the m...
by delamer
Tue Jul 16, 2019 4:58 pm
Forum: Personal Investments
Topic: International stocks
Replies: 9
Views: 732

Re: International stocks

chrstgtr wrote:
Tue Jul 16, 2019 4:51 pm
delamer wrote:
Tue Jul 16, 2019 4:48 pm
If you need to rebalance to get back to your target asset allocation, then yes.

Otherwise, no.
And only if in tax-advantaged
Not necessarily. Incurring taxes isn’t the end of the world, especially if the alternative is a lopsided portfolio.
by delamer
Tue Jul 16, 2019 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: How to plan for extended illness?
Replies: 35
Views: 1710

Re: How to plan for extended illness?

If your budget is set up so that you can cover basic expenses on one salary, that will help mitigate this situation.

That and lots of cash, as the OP mentioned.

The truly scary concern is maintaining the family health insurance, if the spouse carrying the insurance has to stop working.
by delamer
Tue Jul 16, 2019 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Do you care about your home appreciating?
Replies: 91
Views: 4645

Re: Do you care about your home appreciating?

bubbadog wrote:
Tue Jul 16, 2019 4:43 pm
I care about all of my assets appreciating, including my home.
Seconding.
by delamer
Tue Jul 16, 2019 4:48 pm
Forum: Personal Investments
Topic: International stocks
Replies: 9
Views: 732

Re: International stocks

If you need to rebalance to get back to your target asset allocation, then yes.

Otherwise, no.
by delamer
Tue Jul 16, 2019 4:45 pm
Forum: Investing - Theory, News & General
Topic: Quick double check on RMDs and multiple accounts
Replies: 6
Views: 446

Re: Quick double check on RMDs and multiple accounts

You have to take your IRA RMD from the IRA and you have to take your TSP RMD from your TSP.

So $20K from each, in your scenario.
by delamer
Tue Jul 16, 2019 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Home Purchase Options
Replies: 7
Views: 703

Re: Home Purchase Options

If you keep the current home as a rental, you are putting a pretty big financial bet on your local real estate market.

Unless you have substantial liquid investments, I wouldn’t do it.
by delamer
Tue Jul 16, 2019 1:34 pm
Forum: Personal Investments
Topic: Poor financial advisor performance
Replies: 71
Views: 3827

Re: Poor financial advisor performance

I do have my number. It’s 2 million. I have 100k in another 401k not under their management and 170k in taxable funds. I figure I’m within 150k of my goal. Plan on taking my wife’s SS at her age 66 and mine at 70. No plans to completely retire as long as heath holds OK, so a $2 million portfolio at...
by delamer
Tue Jul 16, 2019 1:18 pm
Forum: Personal Investments
Topic: Poor financial advisor performance
Replies: 71
Views: 3827

Re: Poor financial advisor performance

Wow. Thanks for all the replies. First, I’d like to say that the performance number (5.2%) is NET of all fees. Secondly, my portfolio DOES include foreign stock mutual funds (DFA) and they’ve been dogs. The 60/40 benchmark does not. It is 60% S&P 500 and 40% Barclays Aggregate Bond. The funds that ...
by delamer
Tue Jul 16, 2019 11:00 am
Forum: Personal Investments
Topic: Poor financial advisor performance
Replies: 71
Views: 3827

Re: Poor financial advisor performance

1. I think the OP suffers from "The grass is always greener..." syndrome. This to evident to me by reading his posts as is his mood and tone of his posts. 2. My advice is to talk for the FA is see if their fees can be lowered. The portfolio performance has been fine...it's definitely not poor as th...
by delamer
Mon Jul 15, 2019 6:01 pm
Forum: Personal Investments
Topic: Poor financial advisor performance
Replies: 71
Views: 3827

Re: Poor financial advisor performance

And, I forgot...we do have investment philosophy plan. It was the first thing we went through when we selected the firm. This is how we came up with our target asset allocation of 60/40. Did that original target include international and small/mid-cap US? Because you can’t fault the advisor for not...
by delamer
Mon Jul 15, 2019 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing for 20% down payment but how much more?
Replies: 8
Views: 1211

Re: Preparing for 20% down payment but how much more?

Try doing an online search on “MY COUNTY real estate closing costs buyer.” There is a good chance that a local realtor or title company has posted a form that will allow you to estimate your closing costs. Transfer taxes, recordation taxes, and title insurance are biggies. You’ll also need to prepay...
by delamer
Mon Jul 15, 2019 5:03 pm
Forum: Personal Investments
Topic: Poor financial advisor performance
Replies: 71
Views: 3827

Re: Poor financial advisor performance

There are many possible 60/40 portfolios and their performances will vary quite a bit. For instance, the Vanguard Balanced Index fund is 60/40, but it has no foreign stocks. The Vanguard LifeStrategy Moderate Growth fund has 60/40, but it has US and foreign stocks. The DFA DGSIX 60/40 Global asst a...
by delamer
Mon Jul 15, 2019 4:06 pm
Forum: Personal Investments
Topic: Grandparent 529s
Replies: 29
Views: 2093

Re: Grandparent 529s

You need to coordinate with the parents of your grandchildren. My parents gave us money each year to fund our kids’ college education and let us decide how/where to invest it. Are the 529’s in your name as owner? If so, have you considered turning them over to the parents? Regardless of your good i...
by delamer
Mon Jul 15, 2019 3:48 pm
Forum: Personal Investments
Topic: Low cost index fund Vs Mortgage
Replies: 18
Views: 1222

Re: Low cost index fund Vs Mortgage

There is a real, strategic posture you can lock into when paying off mortgage early versus throwing into equities. For example, lets say you pay an extra ~10,000 through 20,000 a year on a 600,000 loan, on top of your current payments. You are in your first 10 years of ownership and the regular pay...
by delamer
Mon Jul 15, 2019 2:02 pm
Forum: Personal Investments
Topic: Low cost index fund Vs Mortgage
Replies: 18
Views: 1222

Re: Low cost index fund Vs Mortgage

Where did the $100K come from? Is it new money or did it come from a bonus, selling property, etc.? A lot depends on how much liquidity you have, in addition to the $100K. You don’t want to put all of your available cash into your house. Of course, you could put some into the mortgage and some into ...
by delamer
Mon Jul 15, 2019 1:48 pm
Forum: Investing - Theory, News & General
Topic: Schwab in talks to buy USAA Wealth/Brokerage
Replies: 5
Views: 860

Re: Schwab in talks to buy USAA Wealth/Brokerage

Thanks for the information.

We have our checking and a credit card at USAA, but have avoided holding investments there. This has the potential to change that.
by delamer
Sun Jul 14, 2019 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Relocated, No Bank Branch, and Need Earnest Money Check
Replies: 13
Views: 593

Re: Relocated, No Bank Branch, and Need Earnest Money Check

FWIW, answering this question is part of why the escrow company gets paid. I'm sure they'll be happy to accept personal check or wire. I do not have any checks. That is the issue. Also, it seems to send a wire I would need to go to a bank branch. A cash advance on a credit card and buy a money orde...
by delamer
Sun Jul 14, 2019 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Relocated, No Bank Branch, and Need Earnest Money Check
Replies: 13
Views: 593

Re: Relocated, No Bank Branch, and Need Earnest Money Check

You should check with the escrow company. Won’t they accept a personal check?

I’d be surprised if they won’t accept a wire.
by delamer
Sun Jul 14, 2019 6:53 pm
Forum: Personal Investments
Topic: Passive vs active for parent's retirement
Replies: 19
Views: 1156

Re: Passive vs active for parent's retirement

Surely you don’t think that if you allow the Edward Jones guy to invest your parents’ money that that will be the end of it. He is going to want to manage your money, your in-laws’ money, your kids’ money, and your best friend’s money. Are you sure the money is currently in an IRA? IRAs are owned by...
by delamer
Sun Jul 14, 2019 6:42 pm
Forum: Personal Investments
Topic: Switching from passive to active management
Replies: 100
Views: 6878

Re: Switching form passive to active management

Regarding the “responsibility” issue, ultimately the only thing that matters is how much you have in your account.

If you think you’ll sleep better because it was someone else’s fault that you lost 30% of your portfolio, you are in denial.
by delamer
Sun Jul 14, 2019 4:45 pm
Forum: Personal Investments
Topic: Checkup for Retirement in 1 Year
Replies: 3
Views: 822

Re: Checkup for Retirement in 1 Year

Thanks for the reply delamer. Yes the 19K reflects a lower annuity so my wife will receive a survivor benefit (50% of that) when I die. I've only worked for the Gov the 2nd half of my career. And yes I'll receive the FERS supplement for 14 months until I turn 62, didn't include that because I didn'...
by delamer
Sun Jul 14, 2019 3:06 pm
Forum: Personal Investments
Topic: Grandparent 529s
Replies: 29
Views: 2093

Re: Grandparent 529s

OP here. Thank you all for your comments. Of course, now I can’t find the negative comments wrt 529s, but I don’t think I dreamt it. Anyway, it’s particularly good to hear positive comments from those that saved in 529s and used the funds without problems. Yes, ours are in Vanguard. Since we’re Flo...
by delamer
Sun Jul 14, 2019 3:04 pm
Forum: Personal Investments
Topic: Checkup for Retirement in 1 Year
Replies: 3
Views: 822

Re: Checkup for Retirement in 1 Year

No reason that you can’t retire. I assume the $19K reflects a survivor benefit for your wife? She won’t be eligible for FEHB if you predecease her and she doesn’t get a survivor’s annuity. Are you eligible for the FERS supplement? You might consider having her delay Social Security until 70. You hav...
by delamer
Sun Jul 14, 2019 2:48 pm
Forum: Personal Investments
Topic: Grandparent 529s
Replies: 29
Views: 2093

Re: Grandparent 529s

OP here. Thank you all for your comments. Of course, now I can’t find the negative comments wrt 529s, but I don’t think I dreamt it. Anyway, it’s particularly good to hear positive comments from those that saved in 529s and used the funds without problems. Yes, ours are in Vanguard. Since we’re Flo...
by delamer
Sun Jul 14, 2019 11:37 am
Forum: Personal Investments
Topic: Am I holding too much cash?
Replies: 30
Views: 3801

Re: Am I holding too much cash?

You literally listed 8 potential reasons that you’d need cash.

Surely not all of those while come to pass in the next 5 years?

Plus you are almost 50% in cash overall, which is a very high allocation regardless of the actual dollars involved.
by delamer
Sun Jul 14, 2019 10:30 am
Forum: Investing - Theory, News & General
Topic: Tax cost stopping move to indexing
Replies: 68
Views: 3086

Re: Tax cost stopping move to indexing

I agree that the OP needs to assess the sell/buy situation based on her/his specifics. That issue I had with the original “sell low” advice is that some investors are so obsessed with minimizing taxes that is makes them blind to other considerations. I agree with you. Maybe I need to clarify my com...