Search found 7784 matches

by delamer
Tue Jun 18, 2019 11:00 am
Forum: Investing - Theory, News & General
Topic: Am I a Boglehead?
Replies: 23
Views: 1574

Re: Am I a Boglehead?

I’d say no. Diversification is a core principle, and you are betting the house (possibly literally) on large cap US stocks. It’s a big world out there... Also, you should take a look at this chart of S&P 500 historical dividends: https://www.multpl.com/s-p-500-dividend/table/by-year As you’ll see, t...
by delamer
Tue Jun 18, 2019 10:46 am
Forum: Personal Investments
Topic: Investment question for 76 year old mom
Replies: 12
Views: 776

Re: Investment question for 76 year old mom

So the Money Market solution seems like the best all around. I would disagree with that statement. There is realistic chance that she could live to be over 100 and a lot can change in 25 years. She might also need to spend ten years in a nursing home, like with alzheimer's, that can be very expensi...
by delamer
Tue Jun 18, 2019 10:23 am
Forum: Personal Investments
Topic: Investment Options in Retirement
Replies: 7
Views: 985

Re: Investment Options in Retirement

Thanks, delamer. Pension and TSP account are mine. No issue with WEP. Wife took care of disabled son and didn't work outside the home. With $4 million in liquid assets and expenses of only $55K, you can’t go too far wrong unless you dump everything into uranium futures or something absurd. Your pen...
by delamer
Mon Jun 17, 2019 9:46 pm
Forum: Personal Investments
Topic: Investment Options in Retirement
Replies: 7
Views: 985

Re: Investment Options in Retirement

Who has the pension and who has the TSP account?

Will your wife receive Social Security?

If the pension is federal, is there any issue with the windfall elimination provision?
by delamer
Mon Jun 17, 2019 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for help with my parents' finances - dad's death, RMDs, social security
Replies: 30
Views: 2218

Re: Looking for help with my parents' finances - dad's death, RMDs, social security

I am sorry about your father.

Am I correct that he was receiving retiree medical insurance from his former employer, but not any type of pension? Or that the pension stopped when he died?
by delamer
Mon Jun 17, 2019 12:34 pm
Forum: Personal Consumer Issues
Topic: Powered Recliners. How reliable are they?
Replies: 8
Views: 490

Re: Powered Recliners. How reliable are they?

We’ve had one for about 1.5 years and it has been problem-free. I think we were quoted about $60 to replace the motor, if need be. Because of our open floorplan, we actually had a pre-existing power outlet in the floor to plug it into. As someone else noted, if you can reach the floor are from under...
by delamer
Mon Jun 17, 2019 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Doing Your Own Taxes
Replies: 36
Views: 2911

Re: Doing Your Own Taxes

If your financial situation in 2019 won’t change much from 2018, you can use tax prep software for 2019 and compare that return line-by-line to the 2018 return prepared by your accountant. Hopefully, the type of income, deductions, etc. will be very similar and you can feel comfortable with the 2019...
by delamer
Sat Jun 15, 2019 2:26 pm
Forum: Personal Investments
Topic: Paradox of CCRC Funding!
Replies: 11
Views: 1426

Re: Paradox of CCRC Funding!

I don’t have anything to offer regarding the capital gains. But will throw in a couple thoughts: 1. You two are young for entering a CCRC, based in my observations of their populations. I certainly understand the choice if you are being driven by health concerns, however. Otherwise, wait 8 to 10 ye...
by delamer
Sat Jun 15, 2019 11:17 am
Forum: Personal Investments
Topic: Paradox of CCRC Funding!
Replies: 11
Views: 1426

Re: Paradox of CCRC Funding!

I don’t have anything to offer regarding the capital gains. But will throw in a couple thoughts: 1. You two are young for entering a CCRC, based in my observations of their populations. I certainly understand the choice if you are being driven by health concerns, however. Otherwise, wait 8 to 10 yea...
by delamer
Thu Jun 13, 2019 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Late Life/End of Life Expenses
Replies: 38
Views: 3673

Re: Late Life/End of Life Expenses

A friend once mentioned at our lunch group that he just visited his mother in a nursing home for which his mother paid, and next to her was a lady who got her stay paid by Medicaid. That was same care except that one person paid herself, and Medicaid paid for the other. A friend’s elderly family me...
by delamer
Thu Jun 13, 2019 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Efficiently giving to an individual
Replies: 32
Views: 2519

Re: Efficiently giving to an individual

The contributions must be made to a qualified organization and not set aside for use by a specific person. Would it work to give it to the organization to use for a mid 30's cancer patient with young children of DR.___ at ___hospital. That may still be too general, though. Or even too specific... Y...
by delamer
Wed Jun 12, 2019 5:30 pm
Forum: Investing - Theory, News & General
Topic: Actually calculating costs basis over 40 year period
Replies: 6
Views: 575

Re: Actually calculating costs basis over 40 year period

Withdrawals from traditional 401(k)s and IRAs are taxed as ordinary income. Unlike with taxable accounts, there is no reduced tax rate pertaining to qualified dividends or long-term capital gains for tax-deferred withdrawals. Therefore, cost basis information is irrelevant for tax-deferred accounts....
by delamer
Wed Jun 12, 2019 5:15 pm
Forum: Personal Investments
Topic: I think I found someone to ask about retirement plans....
Replies: 21
Views: 2684

Re: I think I found someone to ask about retirement plans....

Delamer, >>>I’m confused about your intentions regarding the businesses… You said you are running retirement forecasts that include selling them, but you also list the current income/profits.<<<I was trying to provide information that was asked for. The main business, A, is my practice. This is the...
by delamer
Wed Jun 12, 2019 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Which withdrawal plan or method?
Replies: 17
Views: 904

Re: Which withdrawal plan or method?

I guess it could impact your RMD, and the potential of greater after tax dollars if it works in your favor? But I really don’t know. My comment was simply to say that it seems that a comprehensive withdrawal plan, not just the bare withdrawal rate would consider Roth. Although it may determine it n...
by delamer
Wed Jun 12, 2019 12:55 pm
Forum: Personal Investments
Topic: I think I found someone to ask about retirement plans....
Replies: 21
Views: 2684

Re: I think I found someone to ask about retirement plans....

Welcome. I’m confused about your intentions regarding the businesses. You said you are running retirement forecasts that include selling them, but you also list the current income/profits. Could you clarify? And what about the note on your son’s business? Finally, what is the value of your home and ...
by delamer
Wed Jun 12, 2019 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Which withdrawal plan or method?
Replies: 17
Views: 904

Re: Which withdrawal plan or method?

A Roth conversion is not a withdrawal method. I consider it a way to pay less taxes. And paying taxes is a budget item. agreed, I can see why it wouldn't be included in that wiki page. But withdrawals are monies to be spent, not monies moved from one bucket to another within your portfolio (which i...
by delamer
Wed Jun 12, 2019 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Which withdrawal plan or method?
Replies: 17
Views: 904

Re: What withdrawal plan or method?

A Roth conversion is not a withdrawal method. I consider it a way to pay less taxes. And paying taxes is a budget item. Right. Conversions will increase your taxes in the short run and decrease them (or your heirs’) in the long run. So you need to budget for that. But withdrawals are monies to be s...
by delamer
Wed Jun 12, 2019 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Which withdrawal plan or method?
Replies: 17
Views: 904

Re: What withdrawal plan or method?

I’ve used 3 different methods to calculate available income in retirement. They all came within 10% of one another. So I’d feel comfortable anywhere in that range. Others might use the lowest or highest amount, depending on their risk profile and other factors. Do you use a method in practice or ju...
by delamer
Wed Jun 12, 2019 10:46 am
Forum: Personal Finance (Not Investing)
Topic: New Federal employee ... Choosing Healthcare
Replies: 19
Views: 1355

Re: New Federal employee ... Choosing Healthcare

Washington Consumer Checkbook has an excellent guide to federal health plans. I think the cost is about $15. I was a federal HR Officer for years, and found it to be an excellent source. A trip to the OPM site, opm.gov would also be helpful... Seconding this recommendation. As a first step, you rea...
by delamer
Wed Jun 12, 2019 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Which withdrawal plan or method?
Replies: 17
Views: 904

Re: What withdrawal plan or method?

I’ve used 3 different methods to calculate available income in retirement.

They all came within 10% of one another.

So I’d feel comfortable anywhere in that range. Others might use the lowest or highest amount, depending on their risk profile and other factors.
by delamer
Tue Jun 11, 2019 9:37 pm
Forum: Personal Investments
Topic: Building Taxable Potfolio
Replies: 4
Views: 723

Re: Building Taxable Potfolio

You are at cross purposes. You say the money is for “possibly shorter time frame” but then you say you’d just put off the purchases if the market drops. So you want to do home renovations or buy a new car or you find a good deal on a property, but you can wait 3 years (for example) until the market ...
by delamer
Tue Jun 11, 2019 9:24 pm
Forum: Investing - Theory, News & General
Topic: Should I be taking profits on long term stocks and stock ETFs?
Replies: 4
Views: 429

Re: Should I be taking profits on long term stocks and stock ETFs?

You need to determine a target asset allocation for your portfolio, and buy/sell assets only in order to maintain that allocation. So if your target for stocks is 60% of your portfolio and stock prices have risen so that they now make up 70% of your portfolio, you’d sell enough stocks to reduce them...
by delamer
Tue Jun 11, 2019 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Efficiently giving to an individual
Replies: 32
Views: 2519

Re: Efficiently giving to an individual

The contributions must be made to a qualified organization and not set aside for use by a specific person. Would it work to give it to the organization to use for a mid 30's cancer patient with young children of DR.___ at ___hospital. That may still be too general, though. Or even too specific... Y...
by delamer
Tue Jun 11, 2019 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Late Life/End of Life Expenses
Replies: 38
Views: 3673

Re: Late Life/End of Life Expenses

If they went into a nursing home and burnt through their assets in a few years, then they did not have high net worth. I agree. Even with a mere $1 million, you could cover over 6 years at the well-regarded skilled nursing facility where my mother spent the last several months of her life. The net ...
by delamer
Tue Jun 11, 2019 11:31 am
Forum: Personal Investments
Topic: Individual Investment - Please help
Replies: 19
Views: 797

Re: Individual Investment - Please help

Here’s a link to the “If I Can” article referenced earlier: https://www.etf.com/docs/IfYouCan.pdf

Use it as your investing bible, and you’ll do fine.

Good luck.
by delamer
Tue Jun 11, 2019 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Sudden Debt - best strategy to pay off? (30k total)
Replies: 20
Views: 2042

Re: Sudden Debt - best strategy to pay off? (30k total)

Your girlfriend should dig into that $300K stash and/or take a loan against her 401(k) to cover at least half of the debt. She shouldn’t get a pass because she bought an expensive car while she had student loan debt. Her net worth is significantly higher than yours, and your incomes are virtually i...
by delamer
Tue Jun 11, 2019 10:22 am
Forum: Personal Investments
Topic: 32 yr old daughter's IRAs
Replies: 15
Views: 1136

Re: 32 yr old daughter's IRAs

Presumably you know what funds/ETFs Schwab has her invested in and in what proportions. So look at the return on each. What has been the big drag on returns? Is there a reason to maintain that position over the long run? The point of diversification isn’t to match the S&P 500, but to balance risk an...
by delamer
Tue Jun 11, 2019 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Sudden Debt - best strategy to pay off? (30k total)
Replies: 20
Views: 2042

Re: Sudden Debt - best strategy to pay off? (30k total)

Your girlfriend should dig into that $300K stash and/or take a loan against her 401(k) to cover at least half of the debt. She shouldn’t get a pass because she bought an expensive car while she had student loan debt. Her net worth is significantly higher than yours, and your incomes are virtually id...
by delamer
Mon Jun 10, 2019 1:48 pm
Forum: Personal Investments
Topic: Work hard, saved hard, retired....now what :)
Replies: 22
Views: 4962

Re: Work hard, saved hard, retired....now what :)

I’d highly recommend that you begin giving gifts to the people/organizations that you want to inherit your assets now, instead of making them wait until you and your wife are gone. You each can give $15,000/year without any tax consequences or filing requirements to a child, for example, in 2019. Th...
by delamer
Mon Jun 10, 2019 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Transferred money from one bank to another, but neither bank has the money
Replies: 10
Views: 1466

Re: Transferred money from one bank to another, but neither bank has the money

I learned not to do transfers over weekends or holidays because while the funds leave Bank One immediately, they can get delayed a couple days before arriving at Bank Two.
by delamer
Mon Jun 10, 2019 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Efficiently giving to an individual
Replies: 32
Views: 2519

Re: Efficiently giving to an individual

Welcome to Bogleheads. So very sorry to hear of your friends situation. Writing checks according to a schedule and in the amount you and others desire is the most straight forward way to do this. Since these are gifts to them there are no tax implications nor is any reporting required on their part...
by delamer
Mon Jun 10, 2019 10:30 am
Forum: Personal Investments
Topic: Financial guidance for the elderly - Dementia and personal finance.
Replies: 11
Views: 1575

Re: Financial guidance for the elderly - Dementia and personal finance.

Does the trustee you refer to have any legal power — like guardian or power-of-attorney — while your friend is still alive? That is, does s/he have the authority to manage your friend’s investments? Because that seems to be the main issue. You friend needs someone with legal authority to act in his ...
by delamer
Mon Jun 10, 2019 10:19 am
Forum: Personal Consumer Issues
Topic: Best option paying for new house
Replies: 9
Views: 1110

Re: Best option paying for new house

Hi all, Looking for some advice on paying for new home before current home sells. Current home payed for in full. Appraised vaue $550k. Will probably take 6 months to sell due to market. Considering keeping as second home (near grandkids) for 3 years as big new developement to bring 5k jobs to area...
by delamer
Mon Jun 10, 2019 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Refinancing Dilemma
Replies: 11
Views: 1225

Re: Refinancing Dilemma

The difference in cost between loans utilizing the only the interest rates is $12,830 I hadn't figured in the cost of delaying the refinance by a month which is good to take into account. I do have an email from my Ally loan representative about the no cost refinance: "However, keep in mind that AL...
by delamer
Sun Jun 09, 2019 5:39 pm
Forum: Personal Investments
Topic: How aggressive is your AA? Can you help me with mine?
Replies: 19
Views: 2238

Re: How aggressive is your AA? Can you help me with mine?

Thank you for all the input. Below is an understanding what I believe I am hearing people recommend: -Stay the course. -My AA is aggressive but the pension help makes the AA a bit more tolerable and I can "stomach" the ups and downs of the market. -Time to gradually start changing my AA to a more l...
by delamer
Sun Jun 09, 2019 11:30 am
Forum: Personal Investments
Topic: It seems simple but ...
Replies: 10
Views: 1898

Re: It seems simple but ...

Hard to say without knowing how much money you’ll need for the bridge to Social Security, which is dependent on your expenses and how many years you need to cover.

But ir does makes sense to have a big chunk of the bridge money in cash.

Are you still contributing to the Roths?
by delamer
Sun Jun 09, 2019 10:18 am
Forum: Personal Consumer Issues
Topic: Best option paying for new house
Replies: 9
Views: 1110

Re: Best option paying for new house

Why do you need you put down more than 20% on the new house, especially since you don’t have a current mortgage?

It seems that you’d need about $170,000 to cover the down payment and closing costs on the new house. Where does the $315,000 come from?
by delamer
Sun Jun 09, 2019 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Am I ready to retire?
Replies: 7
Views: 1231

Re: Am I ready to retire?

In a previous thread, you were planning to sell your house and rent.

Where does that stand?
by delamer
Sun Jun 09, 2019 10:05 am
Forum: Investing - Theory, News & General
Topic: Investing Techniques For People Approaching Retirement In This Aging Bull Market
Replies: 35
Views: 5218

Re: Investing Techniques For People Approaching Retirement In This Aging Bull Market

Thanks for the comments so far - and I appreciate the steadfast approach people have with their investment philosophy. Good for them! I also heed the advice on stop loss orders. World is awash in more debt (sovereign and corporate) now than ever before. The next crash may not recover as fast as the...
by delamer
Sat Jun 08, 2019 3:53 pm
Forum: Investing - Theory, News & General
Topic: What percentage of time does 100% stocks win?
Replies: 52
Views: 6515

Re: What percentage of time does 100% stocks win?

mhalley wrote:
Sat Jun 08, 2019 3:28 pm
Crunch the numbers for a man, he has the answer to one question. Post a link to the number crunching site, and he has answers for a lifetime.
:D
by delamer
Sat Jun 08, 2019 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Refinancing Dilemma
Replies: 11
Views: 1225

Re: Refinancing Dilemma

Have you figured out the actual difference in interest over the life of the loan?
by delamer
Sat Jun 08, 2019 3:41 pm
Forum: Investing - Theory, News & General
Topic: Investing Techniques For People Approaching Retirement In This Aging Bull Market
Replies: 35
Views: 5218

Re: Investing Techniques For People Approaching Retirement In This Aging Bull Marke

What level of withdrawal are you planning to make annually? And what is your overall stock allocation? If you are following a safe withdrawal rate of about 4% of initial portfolio with annual inflation adjustments, then your investing plan is unnecessarily complex. However, this SWR requires a minim...
by delamer
Sat Jun 08, 2019 3:20 pm
Forum: Investing - Theory, News & General
Topic: TSP modernization implementation date: 9/15/2019
Replies: 24
Views: 2701

Re: TSP modernization implementation date: 9/15/2019

One point of interest — although the withdrawal options are much more flexible, one restriction is that you can’t take more than one withdrawal in each 30 calendar day period. So they say. So if you set up a monthly withdrawal plan, you can’t also take a separate lump sum to cover your annual prope...
by delamer
Fri Jun 07, 2019 2:55 pm
Forum: Investing - Theory, News & General
Topic: TSP modernization implementation date: 9/15/2019
Replies: 24
Views: 2701

Re: TSP modernization implementation date: 9/15/2019

New update as of May 30: https://www.tsp.gov/PDF/formspubs/tspfs10.pdf I only skimmed through it, but it provides more details on implementation of new withdrawal options. Current options in place through Sep 6, no withdrawals Sep 7-14, new options in effect Sep 15. Apologies if this was already co...
by delamer
Fri Jun 07, 2019 2:12 pm
Forum: Personal Investments
Topic: Advice for son
Replies: 14
Views: 2025

Re: Advice for son

Probably a good time to get it into a roth, BUT, only if he can afford to pay the tax out of other savings. Otherwise I would just do standard IRA rollover. He can estimate the tax impact with something like this: https://www.mortgagecalculator.org/calcs/1040-calculator.php He also can split the mo...
by delamer
Fri Jun 07, 2019 1:29 pm
Forum: Personal Investments
Topic: Parents' Investment plan--ages 75, both with illness, contemplating retirement home
Replies: 13
Views: 2010

Re: Parents' Investment plan--ages 75, both with illness, contemplating retirement home

Presumably your parents would sell their home if they moved to the retirement community. If so, that would give them an immediate infusion cash that would reallocate their portfolio to 45% stocks, 20% cash, and 35% bonds. So my recommendation would be to make no portfolio changes until they decided ...
by delamer
Fri Jun 07, 2019 10:56 am
Forum: Investing - Theory, News & General
Topic: Economics Question
Replies: 8
Views: 648

Re: Economics Question

The simplest answer is that there are too many moving parts to the economy and no ability to predict the future.
by delamer
Thu Jun 06, 2019 6:46 pm
Forum: Investing - Theory, News & General
Topic: Convince me not to try to time the market
Replies: 27
Views: 2025

Re: Convince me not to try to time the market

If you really believe that this is the top of the market, then you shouldn’t invest in stocks at all. At age 38 now, there will be a point in your life when you’ll look back at stock prices today and think “wow, things were really cheap in June 2019!” If you don’t believe that, then don’t put your m...
by delamer
Wed Jun 05, 2019 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Should All Grandkids Be Treated as Equal Members of Same Class?
Replies: 104
Views: 8007

Re: Should All Grandkids Be Treated as Equal Members of Same Class?

would you treat children differently if one is a hi income earner and the others with more modest incomes Nope. I would not. I would be willing to change things if a child or grandchild had special needs. Broken Man 1999 This makes sense to me. Why punish someone for success? I basically agree also...
by delamer
Wed Jun 05, 2019 6:29 pm
Forum: Investing - Theory, News & General
Topic: You May Never See Your Grandchildren Again
Replies: 83
Views: 13836

Re: You May Never See Your Grandchildren Again

A large fraction, maybe a majority, of people I have known who are not financial professionals invest in bank CDs, not in mutual funds and ETFs. Bashing brokers and financial advisors is popular here, but the benchmark for the returns they produce for clients should arguably be bank CDs, not the Th...