Search found 3114 matches

by delamer
Fri Nov 24, 2017 11:37 am
Forum: Investing - Help with Personal Investments
Topic: Social Security Question
Replies: 2
Views: 149

Re: Social Security Question

Each month you delay increases your benefit (up to age 70).
by delamer
Thu Nov 23, 2017 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Regrets for taking SS at 62 or waiting?
Replies: 53
Views: 3476

Re: Regrets for taking SS at 62 or waiting?

We are delaying, but not yet taking our delayed SS. I did file and suspend and DW is receiving a spousal benefit while awaiting to take her own SS at 70. I doubt we will have any regrets. When I discussed our decision with several widows, several chimed in that they wish their spouses had delayed t...
by delamer
Thu Nov 23, 2017 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity or lump sum
Replies: 8
Views: 562

Re: Annuity or lump sum

The pension probably is insured through the PBGC. I wouldn't ignore the possibility of it going under, but I would not weight it too heavily. How much of your basic expenses will be covered by just your pension and your Social Security benefits, considering while you are both alive and each of you a...
by delamer
Thu Nov 23, 2017 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Regrets for taking SS at 62 or waiting?
Replies: 53
Views: 3476

Re: Regrets for taking SS at 62 or waiting?

Probably won't get a lot of responses from people who waited then died early.That could skew the results you receive. :D My spouse was (and is) still working when I reached age 62. If I had claimed then, we would have lost almost 40% of my benefit to federal income taxes, AMT, and state income taxe...
by delamer
Thu Nov 23, 2017 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 337
Views: 36271

Re: Did you tell anyone you paid off your mortgage?

We decided it was an excuse for a party. We held a friends and neighbors mortgage burning party. We got a few of the "your so lucky" comments but about half the people there had paid off mortgages. (We were 55 and we weren't the youngest there with a paid off mortgage.) Are you serious? A mortgage ...
by delamer
Wed Nov 22, 2017 9:02 pm
Forum: Personal Consumer Issues
Topic: Open Season - FEHB
Replies: 5
Views: 545

Re: Open Season - FEHB

You may find that lower co-pays mean higher premiums or higher deductibles, or more restricted networks. There are usually trade-offs like that when comparing health insurance plans. If you don't use a lot of health care, you may be better off paying a lower premium and forking out for a higher co-p...
by delamer
Wed Nov 22, 2017 7:31 pm
Forum: Personal Consumer Issues
Topic: December 22 - Jan 1 vacation
Replies: 13
Views: 724

Re: December 22 - Jan 1 vacation

SrGrumpy wrote:
Wed Nov 22, 2017 7:26 pm
Which airport would you leave from? Cruise? If I were 10, I'd probably push my parents overboard after a few days.
My kids enjoyed them. There are plenty of kids' programs on the ship and fun excursions on shore if you pick the right cruise. Not to mention unlimited desserts.
by delamer
Wed Nov 22, 2017 5:43 pm
Forum: Personal Consumer Issues
Topic: December 22 - Jan 1 vacation
Replies: 13
Views: 724

Re: December 22 - Jan 1 vacation

Thanks. I’m checking. Hello Bogleheads, desperately searching for vacation destination that won't break the bank. Someplace that would be engaging and interesting for a 10 year old. Preferably with good weather - i.e. ideally in the Southern Hemisphere at this time of the year. Costa Rica is one pl...
by delamer
Wed Nov 22, 2017 5:22 pm
Forum: Personal Consumer Issues
Topic: December 22 - Jan 1 vacation
Replies: 13
Views: 724

Re: December 22 - Jan 1 vacation

Hello Bogleheads, desperately searching for vacation destination that won't break the bank. Someplace that would be engaging and interesting for a 10 year old. Preferably with good weather - i.e. ideally in the Southern Hemisphere at this time of the year. Costa Rica is one place we are seriously c...
by delamer
Wed Nov 22, 2017 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Should my parents convert to a Roth IRA
Replies: 8
Views: 582

Re: Should my parents convert to a Roth IRA

The usual recommendation is to do Roth conversions to the top of the 15% federal bracket. So if their taxable income is really $20,000, then as MFJ, they could convert $55,900 in 2017 and stay in the 15% bracket. If any state taxes would apply, then those need to be taken into account too. It sound ...
by delamer
Wed Nov 22, 2017 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Inheriting 4 stocks
Replies: 15
Views: 1117

Re: Inheriting 4 stocks

Some incorrect information here. The new basis is not necessarily reset and it isn’t always date of death. Also, the value when it is reset is mean market on DOD, not closing price as stated above. Gill Just to follow up -- if the assets were held in a credit shelter (bypass) trust, that is one of ...
by delamer
Wed Nov 22, 2017 11:42 am
Forum: Investing - Theory, News & General
Topic: TSP Modernization Act Signed Into Law
Replies: 22
Views: 3809

Re: TSP Modernization Act Signed Into Law

While the signing of this bill is a start, it still falls way short of what they really could be doing to keep money in the TSP. So many things were left out. My question remains...why stick with the TSP when there are so many great alternatives available? Yes, I have asked that with the knowledge ...
by delamer
Wed Nov 22, 2017 11:39 am
Forum: Investing - Help with Personal Investments
Topic: retirement portfolio
Replies: 6
Views: 677

Re: retirement portfolio

Although your desire to not touch your principal is understandable, it really isn't in your long-run best interest to focus on the dividends and interest thrown off by your portfolio. You should be investing to maximize your total return -- dividends, interest, plus price appreciation -- given the l...
by delamer
Tue Nov 21, 2017 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: Time for my checkup - **Warning - long post**
Replies: 16
Views: 1694

Re: Time for my checkup - **Warning - long post**

You need more life insurance for your wife, ASAP, that is independent of her job. You'd be in bad shape financially if she were to die before your kids are grown. Prioritize this over umbrella coverage. This is not the typical position, but to me the penalties for accessing 529 money for non-college...
by delamer
Tue Nov 21, 2017 11:48 am
Forum: Investing - Help with Personal Investments
Topic: How am I doing?
Replies: 16
Views: 1774

Re: How am I doing?

You will easily be able to live on your pension and Social Security, assuming that you expenses remain comparable to what they are today. Don't retire until you are eligible for FEHB coverage in retirement. If you continue to max out your TSP, you'd be fine not saving another dime in other accounts....
by delamer
Mon Nov 20, 2017 10:01 pm
Forum: Investing - Help with Personal Investments
Topic: How am I doing?
Replies: 16
Views: 1774

Re: How am I doing?

Can you retire on an immediate annuity at 55?
by delamer
Mon Nov 20, 2017 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: Investing at the top
Replies: 19
Views: 1330

Re: Investing at the top

First, 18 months is nothing in a stock portfolio that you are holding for the long-term. And you are holding for the long term, correct? Second, what is it going to crash to? What if it goes up 1000 points in the next 18 months and then crashes a 1000 points in 18 months and one day? Third, anytime ...
by delamer
Mon Nov 20, 2017 4:44 pm
Forum: Personal Consumer Issues
Topic: What are the things you want to do between 55 and 65?
Replies: 122
Views: 7441

Re: What are the things you want to do between 55 and 65?

When our friends, neighbors, and colleagues were all pretty much under age 50, it was very unusual for us to hear of someone dying or becoming disabled due to a medical condition or disease. Once we hit 50, we started to regularly (every year or so) find out that someone in our age group had died or...
by delamer
Mon Nov 20, 2017 3:54 pm
Forum: Local Chapters and Bogleheads Community
Topic: BH recent Membership [BogleHead]
Replies: 17
Views: 1553

Re: BH recent Membership

. . . Perhaps those who do not post are the Silent Majority :happy Yes they are! As of this moment we have 64,972 registered members, we also have: -- 17,440 registered members with ZERO posts. -- 48,960 registered members with less than 10 posts. On the other side of the spectrum we have 5 members...
by delamer
Mon Nov 20, 2017 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: Planning for the final months of work
Replies: 50
Views: 3510

Re: Planning for the final months of work

Yes that does help. I have made a budget on what I am current spending on utilities, food, car insurance and the basics. If I need a 1000.00 a month just to pay the house insurance and property tax that leaves me about 2500.00 according to your plan. That would mean every penny would be accounted f...
by delamer
Mon Nov 20, 2017 11:35 am
Forum: Investing - Help with Personal Investments
Topic: Planning for the final months of work
Replies: 50
Views: 3510

Re: Planning for the final months of work

I really appreciate the suggestions I have received. I must admit I am very surprised at them for the most part. I am hearing don't save and try to get 6 months of living expenses in savings instead pay more on the house than I already am. That was a surprise as other financial planners like Suzie ...
by delamer
Sun Nov 19, 2017 11:02 pm
Forum: Personal Consumer Issues
Topic: Honeymoon Suggestions
Replies: 26
Views: 1659

Re: Honeymoon Suggestions

Just go on a cruise. No complicated arrangements. You just show up (fly to) and get on the ship. While I am a fan of cruises, they aren't quite as all-inclusive as some resorts. Alcoholic beverages are extra and the shore excursions for activities will be an added cost. Plus there are service charg...
by delamer
Sun Nov 19, 2017 9:50 pm
Forum: Personal Consumer Issues
Topic: Need bigger car - but may be moving overseas
Replies: 4
Views: 206

Re: Need bigger car - but may be moving overseas

You can do a longer-term rental with a car rental company (Hertz, Avis, etc.).

I don't know how competitive the cost will be, but worth checking out.
by delamer
Sun Nov 19, 2017 9:46 pm
Forum: Investing - Theory, News & General
Topic: Is investing with Vanguard a tragedy of the commons?
Replies: 41
Views: 4614

Re: Is investing with Vanguard a tragedy of the commons?

Why is one Holding company better or worse than another. The true ownership is at the individual level. I own Fidelity. Total srock market. Why is it not a tragedy too? Right. Vanguard does not own shares in anything. It represents the interests of the owners of shares. Why does it matter whether m...
by delamer
Sun Nov 19, 2017 8:37 pm
Forum: Investing - Help with Personal Investments
Topic: Planning for the final months of work
Replies: 50
Views: 3510

Re: Planning for the final months of work

How many more months of mortgage payments do you have? How big is the payment -- excluding taxes and insurance? Have you considered putting the $1,000/month now going toward cash toward your mortage instead? You could knock another $6,000 or $7,000 off the mortgage balance before you retire by doing...
by delamer
Sun Nov 19, 2017 7:20 pm
Forum: Personal Consumer Issues
Topic: How much do you budget for vacation?
Replies: 94
Views: 5467

Re: How much do you budget for vacation?

Some of the vacation budgets here appear outrageously high. Maybe it's justified as percentage of income or assets, so someone who has more can afford to spend more. But there are ways to travel very efficiently. A family can have great experiences for a fraction of the cost with some effort. Avoid...
by delamer
Sun Nov 19, 2017 12:55 pm
Forum: Personal Consumer Issues
Topic: How much do you budget for vacation?
Replies: 94
Views: 5467

Re: How much do you budget for vacation?

If you are budgeting for vacations, regardless of the amount, then give yourself a pat on the back. A lot of people don't and either 1) don't take a vacation or 2) put it on their credit card which they are still paying off when the next vacation comes around. My favorite story is the acquaintances ...
by delamer
Sun Nov 19, 2017 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Collection agency calls intended for another person:
Replies: 35
Views: 2277

Re: Collection agency calls intended for another person:

I don't understand the impulse to help the collection agencies.

If you don't have the landline anymore, then move on.
by delamer
Sun Nov 19, 2017 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Advice
Replies: 15
Views: 1826

Re: Retirement Advice

First question would be how much of his expenses will be covered by SS and pension? Build a portfolio that has enough stable funds to cover any differences for at least 4 years and invest the rest in equities 40/40/20 (SP500 / Small cap / foreign). Good luck and congratulations to your dad! And by ...
by delamer
Sun Nov 19, 2017 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: Thrift Savings Plan
Replies: 32
Views: 3154

Re: Thrift Savings Plan

Several posters suggested to use a lifestyle fund until the OP knows more about asset allocation/general investing. I'm curious about the suggestion to wait until more knowledge is aquired. It seems to insinuate that a government employee who is more knowledgeable in investments would not have a li...
by delamer
Sat Nov 18, 2017 5:06 pm
Forum: Investing - Theory, News & General
Topic: TSP Modernization Act Signed Into Law
Replies: 22
Views: 3809

TSP Modernization Act now law

[Merged delamer's post and one reply into this existing thread - moderator prudent] The President signed the TSP Modernization Act into law yesterday: http://www.govexec.com/pay-benefits/2017/11/trump-signs-tsp-modernization-act-law/142658/ Here are the key provisions: https://www.portman.senate.go...
by delamer
Sat Nov 18, 2017 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: Help with investment ideas to get to retirement faster and in better shape!
Replies: 7
Views: 713

Re: Help with investment ideas to get to retirement faster and in better shape!

The bottom line is that what matters in retirement is whether you have enough income to cover your expenses. So without knowing how much you plan to spend, it is hard to give good advice in what you need to do to reach financial independence. However, you should be able to come up with an estimate o...
by delamer
Sat Nov 18, 2017 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Advice
Replies: 15
Views: 1826

Re: Retirement Advice

Here's a link to books recommended on this forum: https://www.bogleheads.org/RecommendedReading.php. They will provide a good background to help with decisions. If your father has accumulated $1 million in his 401(k), it is likely that he has some of that invested in stocks and bonds. Do you know ho...
by delamer
Sat Nov 18, 2017 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Volunteer to be laid off?
Replies: 34
Views: 2651

Re: Volunteer to be laid off?

At this point, those who will be offered the restructuring severance package have not been announced -- is that correct? Do you feel that you need to make your offer to retire before the announcement? Would it be possible to see how the announcement plays out and then offer to retire if you are not...
by delamer
Sat Nov 18, 2017 12:37 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with 360k for an old man
Replies: 30
Views: 2975

Re: What to do with 360k for an old man

Figure out what your grandfather's current expenses are. Add a 5% inflation factor for each of the next 10 years. Add up the total needed for the next 10 years. Subtract his next 10 years of Social Security from the total. What is left is how much will he need to withdraw from his savings to pay his...
by delamer
Sat Nov 18, 2017 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Volunteer to be laid off?
Replies: 34
Views: 2651

Re: Volunteer to be laid off?

At this point, those who will be offered the restructuring severance package have not been announced -- is that correct? Do you feel that you need to make your offer to retire before the announcement? Would it be possible to see how the announcement plays out and then offer to retire if you are not ...
by delamer
Fri Nov 17, 2017 8:13 pm
Forum: Investing - Help with Personal Investments
Topic: Who has had a 3 or 4 Fund Portfolio the past 10 - 15 years?
Replies: 9
Views: 1211

Re: Who has had a 3 or 4 Fund Portfolio the past 10 - 15 years?

Delamer, I am specifically referring to the simplicity of holding 3 or 4 funds over the long term for 10 years or so. Due to my background I have always been more closely related and or involved in the active management style of investing holding a basket of individual stocks, bonds etc like the tr...
by delamer
Fri Nov 17, 2017 7:41 pm
Forum: Investing - Help with Personal Investments
Topic: Who has had a 3 or 4 Fund Portfolio the past 10 - 15 years?
Replies: 9
Views: 1211

Re: Who has had a 3 or 4 Fund Portfolio the past 10 - 15 years?

By experience are you referring to the psychological issues of maintaining a desired allocation through ups and downs? In that case, I can say that I stuck with our index funds and desired allocation regardless of how the markets were performing in the short run. If instead you are talking about por...
by delamer
Fri Nov 17, 2017 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: How to navigate through college expenses and possible early retirement
Replies: 7
Views: 569

Re: How to navigate through college expenses and possible early retirement

Investigate the "72(t) rule" for tax-deferred account withdrawals and see how that changes your options.
by delamer
Fri Nov 17, 2017 7:01 pm
Forum: Investing - Help with Personal Investments
Topic: Current precarious equity environment for a retiree
Replies: 43
Views: 3233

Re: Current precarious equity environment for a retiree

Thanks for all the replies. I know the mantra is "This time is not different." But I guess part of my question is: Could this time be different, especially for a retiree facing sequence of returns risk? Could the next market downturn be sufficiently deep or long enough to depress the equity part of...
by delamer
Fri Nov 17, 2017 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block Tax estimator
Replies: 6
Views: 579

Re: H&R Block Tax estimator

............................. The problem was that I was not including qualified dividends as ordinary dividends in H&R Block. So instead of entering (for example) ordinary dividends as $5000 and qualified dividends as $4750, I was entering ordinary as $250 and qualified as $4750. In my defense :( ...
by delamer
Fri Nov 17, 2017 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block Tax estimator
Replies: 6
Views: 579

Re: H&R Block Tax estimator

livesoft wrote:
Fri Nov 17, 2017 4:57 pm
Qualified dividends ARE ordinary dividends. And they are entered as such on Form 1040.
Yes, I understand that. But as I said, the data entry in TaxCaster is different than on the 1040 and I make the mistake of replicating the TaxCaster data entry in H&R Block which does use the 1040 format.
by delamer
Fri Nov 17, 2017 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block Tax estimator
Replies: 6
Views: 579

Re: H&R Block Tax estimator

That's odd; usually all dividends are reported as ordinary on Form 1099 and should be entered as such and added to other income (wages, SS, etc) to get AGI. Qualified dividends (as a subset of ordinary dividends) are entered separately and used to calculate tax. Thanks! The problem was that I was n...
by delamer
Fri Nov 17, 2017 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Current precarious equity environment for a retiree
Replies: 43
Views: 3233

Re: Current precarious equity environment for a retiree

There will be a market correction, probably multiple corrections, in my remaining lifetime. The timing, amount, and duration of them won't be known until they have run their course. The dividends on stocks make up a substantial portion of total return -- about 1/3 for the S&P 500. So if I reduce my ...
by delamer
Fri Nov 17, 2017 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Retire at FRA of 66, or delay for one year?
Replies: 10
Views: 861

Re: Retire at FRA of 66, or delay for one year?

Do you have a good estimate of how much it will cost to provide health insurance for your wife until she is Medicare eligible? You need to cover 11 years. So if annually it would be $12,000 -- for example -- then you need to set aside $132,000. Can you do that with your current savings and meet your...
by delamer
Fri Nov 17, 2017 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block Tax estimator
Replies: 6
Views: 579

H&R Block Tax estimator

I just entered our 2017 federal tax information into the online H&R Block estimator. I have also put the identical data into the TaxCaster app. There is a big discrepancy between adjusted gross income for the two estimators. The difference is the exact amount of our qualified dividends -- TaxCaster ...
by delamer
Fri Nov 17, 2017 12:25 pm
Forum: Investing - Theory, News & General
Topic: Should we be using high equity retirement portfolios? - Some cFIREsim scenarios.
Replies: 50
Views: 4403

Re: Should we be using high equity retirement portfolios? - Some cFIREsim scenarios.

I would not call the difference between a 96.6% survival rate ($40,000/inflation adjusted) and a 99.2% survival rate ($37,000/inflation adjusted) for a 30-year portfolio "significant." At $37K there was a risk of failure of less than one percent (.85% to be exact). At 40K, the risk of failure has i...
by delamer
Thu Nov 16, 2017 6:06 pm
Forum: Investing - Theory, News & General
Topic: Luxury Index Funds
Replies: 12
Views: 1648

Re: Luxury Index Funds

Has there been any analysis proving that investors are more likely to let all-in-one funds (Luxury Index funds) ride during market downturns than stock-only funds?
by delamer
Thu Nov 16, 2017 4:10 pm
Forum: Investing - Theory, News & General
Topic: Should we be using high equity retirement portfolios? - Some cFIREsim scenarios.
Replies: 50
Views: 4403

Re: Should we be using high equity retirement portfolios? - Some cFIREsim scenarios.

I would not call the difference between a 96.6% survival rate ($40,000/inflation adjusted) and a 99.2% survival rate ($37,000/inflation adjusted) for a 30-year portfolio "significant." In either case, it is virtually certain that the portfolio will survive -- assuming past patterns hold. And if past...
by delamer
Thu Nov 16, 2017 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Help with Understanding How to Handle Bonus
Replies: 51
Views: 3963

Re: Help with Understanding How to Handle Bonus

Try using the TaxCaster app (free). You can change the amount that you input for "Your Wages" based on different contributions to your 401(k). So if your gross pay was $150,000 and you wanted to get a tax estimate for contributing $15,000 to your 401(k), you would input $135,000 in "Your Wages." To ...