Search found 3065 matches

by SGM
Mon Jun 15, 2020 2:58 pm
Forum: Investing - Theory, News & General
Topic: A Simple and Safe Retirement Income Strategy that beats many others
Replies: 21
Views: 6546

Re: A Simple and Safe Retirement Income Strategy that beats many others

Joe Tomlinson has a number of new studies on AdvisorPerspectives.com. He is a top notch actuary. One of his most recent papers investigated the bucket strategies. He expected it would do poorly compared to a typical strategy of stocks and bonds advocated here. He seemed to have have published less w...
by SGM
Fri Jun 12, 2020 3:02 pm
Forum: Investing - Theory, News & General
Topic: Does anybody belong to the Better Investing Club?
Replies: 13
Views: 1148

Re: Does anybody belong to the Better Investing Club?

I was a member years ago. It was a very inexpensive way to buy stock on a monthly basis. I never went to a club meeting or used their analysis tools. It was a lot more expensive to buy through a brokerage. This was before inexpensive index funds were available. I kept good records. I had winners and...
by SGM
Fri Jun 05, 2020 1:42 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 3074
Views: 536657

Re: What are you up YTD? [Year To Date]

Roth is up less than 1 percent ytd.

taxable is down 2.5 percent from a high in March, but i don't budget and keep close records of income and expenses after 6 years of retirement. i have better things to do with my free time.
by SGM
Tue Jun 02, 2020 11:22 pm
Forum: Investing - Theory, News & General
Topic: Corporate bond equity like exposure
Replies: 8
Views: 648

Re: Corporate bond equity like exposure

The Fed usually buys treasuries in financial crises and never corporate bonds until now. From May 12 to May 18 the Fed bought 3 corporate ETFs including an Ishares high dividend ETF, Vanguard Intermediate Corporate bonds ETF VCIT and Vanguard corporate short term bonds VCSH. The Fed targeted 20% of ...
by SGM
Tue May 05, 2020 8:50 am
Forum: Personal Investments
Topic: TIAA Cref Accumulation = Lifetime Income?
Replies: 27
Views: 1456

Re: TIAA Cref Accumulation = Lifetime Income?

DW spent 4 years as a professor at one university that had TIAA-CREF. After so many years she was allowed to transfer some of the TIAA to CREF. With an initial investment of $8000 over 4 years including matching by the university She now received up to $19000 yearly. Most of that is from CREF. Since...
by SGM
Sun Apr 26, 2020 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Take Social Security now, at 66, during Corona-virus?
Replies: 61
Views: 5020

Re: Take Social Security now, at 66, during Corona-virus?

This was a hot topic for me when I was approaching full retirement age. I began converting traditional tax deferred accounts when it was first allowed regardless of income in 2010. Over a period of 6 or more years I converted all those traditional tax deferred accounts to Roth accounts. I paid all c...
by SGM
Mon Apr 20, 2020 8:39 am
Forum: Personal Investments
Topic: Seasoned Bogleheads; What 3 Things Have You Done Financially Related to the Economy Recently
Replies: 112
Views: 11142

Re: Seasoned Bogleheads; What 3 Things Have You Done Financially Related to the Economy Recently

Earlier I posted about not needing to use an overfunded 529 has just changed. The virus has caused one grown child to telework and have a lot of free time to think about how best to have a positive impact on people's lives . That child now wants to study for a Masters in Science in nursing. Fortunat...
by SGM
Thu Apr 16, 2020 3:40 am
Forum: Investing - Theory, News & General
Topic: Retirees: what are you doing with all the home equity?
Replies: 117
Views: 7618

Re: Retirees: what are you doing with all the home equity?

We enjoy living in our home. We paid off our mortgage a long time ago. Being debt free allowed us to invest more of my earnings early on.
by SGM
Mon Apr 13, 2020 10:11 am
Forum: Personal Investments
Topic: Seasoned Bogleheads; What 3 Things Have You Done Financially Related to the Economy Recently
Replies: 112
Views: 11142

Re: Seasoned Bogleheads; What 3 Things Have You Done Financially Related to the Economy Recently

529 is overfunded and no future need is expected. Earnings for this account are down somewhat and this would be a better time to take some out with lower taxes and penalty for non-educational use. I am sure there will be recommendations to keep the money in 529s for grand children or cousins and in ...
by SGM
Mon Mar 23, 2020 8:56 am
Forum: Personal Consumer Issues
Topic: How are you supporting your community?
Replies: 60
Views: 3283

Re: How are you supporting your community?

We hired the son of a farm employee while he is home during the virus problem. He will be cleaning an old barn. We continue to allow an essentially orphaned retarded man with suicidal tendencies and medical issues to live free in a very small apartment whenever he is let out of the hospital. When he...
by SGM
Wed Mar 18, 2020 9:51 am
Forum: Personal Investments
Topic: How much you lost/gain since Feb 20,2020 ?
Replies: 320
Views: 26251

Re: How much you lost/gain since Feb 20,2020 ?

I am down 12.5 % in my portfolio and bank accounts. I have sold very little during this time. I have regular withdrawals scheduled from a money market account for expenses. There is not much to spend the money on as all restaurants are closed except for carry out. Theaters are also all closed. Local...
by SGM
Wed Mar 18, 2020 9:39 am
Forum: Personal Consumer Issues
Topic: Dentist/Dental hygienist? (in times of COVID)
Replies: 25
Views: 1536

Re: Dentist/Dental hygienist? (in times of COVID)

I had an appointment for today, but the office is now closed for a few weeks. I may delay teeth cleaning for an indefinite period.
by SGM
Mon Mar 16, 2020 4:25 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 4001
Views: 305238

Re: Coronavirus and the market

This virus is affecting my grown children. One works in a bar/restaurant and it will be closed by the state for who knows how long. The other works for a charitable organization that is temporarily closing its doors. She can work from her home and apply for future grants. Fortunately they have suffi...
by SGM
Thu Mar 12, 2020 9:22 am
Forum: Personal Investments
Topic: How many people with 7 figure portfolios are”rejoicing ?”
Replies: 169
Views: 14323

Re: How many people with 7 figure portfolios are”rejoicing ?”

The damage to the economy is far from over. No rejoicing, buying or selling. I will attend a lunch meeting of 50 people today and sit far apart from fellow attendees. Our farm renter missed a soy bean meeting. Is there anything more boring than a soy bean meeting? Two venison pepper sausage bolognas...
by SGM
Wed Feb 12, 2020 2:04 pm
Forum: Investing - Theory, News & General
Topic: Turning 62 and SS alternatives
Replies: 60
Views: 3510

Re: Turning 62 and SS alternatives

We delayed to 70. I used the time when I was retired or working part-time to convert traditional tax deferred accounts to Roth IRAs. I would have had to take RMDs this year. My Roth accounts have increased by 50% since I stopped conversions. My first RMD would have been 7.3% of the amount I had in ...
by SGM
Wed Feb 12, 2020 9:57 am
Forum: Investing - Theory, News & General
Topic: Turning 62 and SS alternatives
Replies: 60
Views: 3510

Re: Turning 62 and SS alternatives

We delayed to 70. I used the time when I was retired or working part-time to convert traditional tax deferred accounts to Roth IRAs. I would have had to take RMDs this year. My Roth accounts have increased by 50% since I stopped conversions. My first RMD would have been 7.3% of the amount I had in R...
by SGM
Fri Feb 07, 2020 2:24 am
Forum: Personal Consumer Issues
Topic: What is the best concert you ever witnessed?
Replies: 385
Views: 27749

Re: What is the best concert you ever witnessed?

At age 14 I went to the Brooklyn Fox theater to see 8-10 rock groups for a price of $2.50. The group I remember the most were the Ronettes singing "Be My Baby". Murray the K produced many good concerts at the Brooklyn Fox. The groups were all very popular in the early 1960s. Around senior prom time ...
by SGM
Sun Feb 02, 2020 9:42 am
Forum: Personal Investments
Topic: Do you feel less willing to contribute as retirement accounts get larger?
Replies: 57
Views: 4600

Re: Do you feel less willing to contribute as retirement accounts get larger?

I was always willing to contribute to retirement accounts regardless of size. When my tax deferred accounts were large and when the laws changed in 2010 allowing Roth conversions I began to convert. I have never been eligible for a direct Roth purchase. As I was converting I continued to fund my sol...
by SGM
Wed Jan 29, 2020 3:15 am
Forum: Personal Finance (Not Investing)
Topic: Tax Questions: Selling part of my land to the county
Replies: 5
Views: 613

Re: Tax Questions: Selling part of my land to the county

We sold a portion of our farm to the state highway administration for a bypass. The offer was ridiculous. We did not pay for an assessment. Instead we looked at a recent comparable farm sale one mile away and the SHA gave us the same price per acre as the other farm. Since the SHA did not respond si...
by SGM
Tue Jan 28, 2020 3:11 pm
Forum: US Chapters
Topic: Happy Birthday Taylor! 96 years young!
Replies: 139
Views: 4122

Re: Happy Birthday Taylor! 96 years young!

Happy Birthday Taylor. Your contributions are well appreciated. Best wishes for the coming year.
by SGM
Mon Jan 27, 2020 4:58 am
Forum: US Chapters
Topic: Sad news: LadyGeek's husband has passed
Replies: 352
Views: 27132

Re: Sad news: LadyGeek's husband has passed

Condolences from me and my family. We had a similar good experience with Vanguard when I handled a parent's estate. Thank you for the work you do on this website.
by SGM
Thu Jan 16, 2020 5:20 am
Forum: Investing - Theory, News & General
Topic: When to sell my Berkshire Hathaway stock?
Replies: 29
Views: 2982

Re: When to sell my Berkshire Hathaway stock?

We sold some Berkshire back in 2010. We still hold a little. I did not want to be too concentrated in one company. Over time we have increased the amount we have in the total market fund. We have a higher tax drag from dividends now, but our portfolio is more diverse. We still have some individual s...
by SGM
Sun Jan 12, 2020 5:48 am
Forum: Personal Finance (Not Investing)
Topic: Should a 60+ y/o high earner convert to ROTH?
Replies: 11
Views: 1820

Re: Should a 60+ y/o high earner convert to ROTH?

The Secure Act repeals the age restriction on contributing to traditional IRAs. So in 2020 and later one can contribute to an IRA at any age as long as one has earnings..
by SGM
Tue Jan 07, 2020 3:56 pm
Forum: Investing - Theory, News & General
Topic: Does pulling money out because of fear make the market go down?
Replies: 79
Views: 5979

Re: Does pulling money out because of fear make the market go down?

My attitude when I was younger was that it was a good thing when the market was down. Then I was buying more shares for the same amount of dollars I invested monthly. If I sold it was to tax loss harvest and reinvest in similar but not identical funds.
by SGM
Mon Jan 06, 2020 4:33 am
Forum: Personal Finance (Not Investing)
Topic: Spreadsheets - Out of here!
Replies: 134
Views: 14180

Re: Spreadsheets - Out of here!

I have been using spreadsheets for over 40 years both at work and for personal finance. It has helped me make decisions in the past and currently. Spreadsheets continue to be a great planning tool. I also keep information on cost basis that is not available through a brokerage account. The comment a...
by SGM
Sun Jan 05, 2020 5:45 am
Forum: Personal Finance (Not Investing)
Topic: Spreadsheets - Out of here!
Replies: 134
Views: 14180

Re: Spreadsheets - Out of here!

My spreadsheets are of no help with my most difficult decision in retirement.

What color Porsche should I buy?
by SGM
Fri Jan 03, 2020 4:54 pm
Forum: Investing - Theory, News & General
Topic: Now is a good time to start tracking your net worth.
Replies: 123
Views: 11475

Re: Now is a good time to start tracking your net worth.

I have been keeping track of my various account balances for many years, but do not include the value of real estate or other physical assets. We don't budget and looking at total assets is an easy way to see if there has been an unusual change or expense. We had a lot of unusual expenses while reno...
by SGM
Wed Jan 01, 2020 9:08 pm
Forum: Investing - Theory, News & General
Topic: Why all the angst about RMDs and taxes?
Replies: 177
Views: 13061

Re: Why all the angst about RMDs and taxes?

I never felt angst about RMDs or taxes. I just planned in 2010 when Roth conversions were allowed regardless of income to start converting traditional IRAs and later 401ks to Roth IRAs over several years. Some considerations were increased taxes for a widow. Then there was the inheritance of Roth ac...
by SGM
Mon Dec 30, 2019 11:27 am
Forum: Investing - Theory, News & General
Topic: Will RMD lower your wealth
Replies: 37
Views: 3508

Re: Will RMD lower your wealth

RMDs will not lower my wealth because I began making Roth conversions in 2010 and did so yearly until after I was retired and before taking delayed SS. Part of that time I had lower earned income or no earned income. Now I have no RMDs and my Roth and taxable accounts have gone up in value considera...
by SGM
Thu Dec 26, 2019 1:03 pm
Forum: Personal Investments
Topic: Flagship Services Dissapointment !
Replies: 72
Views: 7816

Re: Flagship Services Dissapointment !

My Flagship rep disappeared one day without notice. A month or two later another Flagship representative was assigned to our accounts. I have been satisfied with the service at Vanguard.
by SGM
Mon Dec 16, 2019 10:48 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 5566
Views: 1361407

Re: What Movie Have You Recently Watched?

Richard Jewell is excellent.
by SGM
Thu Dec 12, 2019 9:24 am
Forum: Personal Finance (Not Investing)
Topic: New research on when to claim SS
Replies: 73
Views: 8472

Re: New research on when to claim SS

I delayed until 70 and used the time in retirement before taking SS to convert tax deferred accounts to Roth accounts. I like that only 85% of our SS is taxed. DW has a family history of extreme longevity and is healthy. We have no RMDs and the only major decision I have now is when to add some SPIA...
by SGM
Thu Nov 28, 2019 8:52 am
Forum: Investing - Theory, News & General
Topic: Can one have too much Roth?
Replies: 175
Views: 15934

Re: Can one have too much Roth?

We converted all tax deferred accounts to Roth accounts after retirement and prior to taking SS at 70. I won't calculate how much this will currently save us in taxes by having no RMDs until I do my 2019 taxes. However, I estimate that we would move into the next highest tax rate if we had to take a...
by SGM
Sat Oct 26, 2019 12:54 pm
Forum: Personal Investments
Topic: Can I have two Solo 401k plans for the same business?
Replies: 12
Views: 932

Re: Can I have two Solo 401k plans for the same business?

I had a solo 401k plan at two different brokerage houses. I started with one brokerage house and then I stopped adding to that account and opened up a 401k at another brokerage because I liked some feature of the second brokerage house better. A Fidelity employee told me I wasn't allowed to have tw...
by SGM
Fri Oct 25, 2019 2:17 pm
Forum: Personal Investments
Topic: Can I have two Solo 401k plans for the same business?
Replies: 12
Views: 932

Re: Can I have two Solo 401k plans for the same business?

I had a solo 401k plan at two different brokerage houses. I started with one brokerage house and then I stopped adding to that account and opened up a 401k at another brokerage because I liked some feature of the second brokerage house better. A Fidelity employee told me I wasn't allowed to have two...
by SGM
Wed Oct 23, 2019 9:31 pm
Forum: Personal Investments
Topic: 11 Reasons to Carry a Big, Long Mortgage by Ric Edelman.
Replies: 93
Views: 11858

Re: 11 Reasons to Carry a Big, Long Mortgage by Ric Edelman.

I come from the perspective of having mortgages that were between 13% and 8% interest. What a relief it was to pay off the last mortgage. In retirement we have no mortgage. Maintenance, insurance and real estate taxes stay with you in retirement. I invested when I had a mortgage and without, but I h...
by SGM
Mon Oct 21, 2019 12:55 pm
Forum: Personal Investments
Topic: Do Partial Roth Conversions make sense
Replies: 20
Views: 1917

Re: Do Partial Roth Conversions make sense

We did serial conversions when our brackets were a little bit lower. In retirement we added annuities, pensions, rental income and delayed SS which increased our taxes. We also looked at how taxes would increase when one of us inevitably outlived the other. We paid taxes out of our taxable account. ...
by SGM
Mon Oct 21, 2019 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Can you claim financial independence with kids still in school
Replies: 80
Views: 6656

Re: Can you claim financial independence with kids still in school

I have seen the following efforts to help grown children in our extended family. 1. Set up 529s for grandchildren or pay tuition directly 2. Pay daughter in law to stay at home with young children instead of working 3. Give child the family home or sell it to child at a very low price 4. Pay for gra...
by SGM
Sun Oct 20, 2019 4:28 pm
Forum: Investing - Theory, News & General
Topic: what was vanguard like before the internet?
Replies: 74
Views: 8198

Re: what was vanguard like before the internet?

I cannot remember when I first bought Vanguard for my personal account. I do remember buying the Vanguard S&P 500 fund for an UTMA account in the late 1980s and watched it grow over the years. I filled out the paperwork and sent a check. I could always look up the net asset value once a week in a li...
by SGM
Sun Oct 20, 2019 2:29 am
Forum: Personal Consumer Issues
Topic: Wallets [Do you carry a wallet?]
Replies: 102
Views: 9647

Re: Wallets [Do you carry a wallet?]

I still carry a wallet and do not use my phone for any financial transactions. Young people should be aware that telephone IDs do not replace the use of actual driver's licenses in certain locales. Telephone "driver's licenses" have been used in a sting by the local county police in 2019 involving u...
by SGM
Sat Oct 19, 2019 4:37 am
Forum: Personal Finance (Not Investing)
Topic: What percent of net worth should a persons house be?
Replies: 141
Views: 11396

Re: What percent of net worth should a persons house be?

I don't keep track of total net worth as it is not useful to me. When I was young and first purchased a house I determined if I could afford the monthly payments. Interest rates were quite high in those days. Many years ago I spoke to an old coach and mentor who brought up his reaction to having pai...
by SGM
Sun Oct 13, 2019 5:17 am
Forum: Personal Finance (Not Investing)
Topic: What’s the proper way to pay yourself in retirement?
Replies: 66
Views: 9125

Re: What’s the proper way to pay yourself in retirement?

We have Vanguard and another brokerage. In taxable all dividends and capital gains are distributed to a municipal money market account. The interest is close to the Vanguard intermediate muni bond fund. We withdraw from the money market account as needed. In the other brokerage account we withdraw w...
by SGM
Fri Oct 11, 2019 5:04 pm
Forum: Personal Investments
Topic: Retirees, when did you start really planning your retirement?
Replies: 53
Views: 5656

Re: Retirees, when did you start really planning your retirement?

I found Jane Bryant Quinn's "How to Make Your Money Last", and James Lange " Retire Secure" and "Roth Revolution" to be helpful books on retirement. I started thinking about retirement when I had my first good job. I had to make decisions about what to do with retirement accounts when I quit jobs an...
by SGM
Thu Oct 10, 2019 7:49 am
Forum: Personal Finance (Not Investing)
Topic: Married with Separate bank accounts
Replies: 44
Views: 4069

Re: Married with Separate bank accounts

We have separate joint checking accounts. We both have access to either account, but we keep separate check books. Both of us have similar saving and spending habits. Any significant financial issues are always discussed. We have never had any financial difficulties in over 3 decades of marriage.
by SGM
Mon Oct 07, 2019 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Half of Retirees Afraid to Use Savings
Replies: 111
Views: 13626

Re: Half of Retirees Afraid to Use Savings

I have used my taxable savings to pay for expenses while delaying SS until 70 and to do Roth conversions. In the future I have a plan to spend some of my taxable savings to buy single premium immediate annuities SPIAs. I want some income streams that will likely cover necessary expenses from outside...
by SGM
Mon Oct 07, 2019 2:15 am
Forum: Investing - Theory, News & General
Topic: Jonathan Clements: About half your retirement accumulation is just the dollars you put in
Replies: 92
Views: 15469

Re: Jonathan Clements: About half your retirement accumulation is just the dollars you put in

I still have some money in a 529. After paying college for two children, the current holdings are 55% earnings and 45% the dollars put in. The expense ratios are a little higher for this account than funds in our taxable and Roth accounts. Also the 529 was established for a much shorter time than fu...
by SGM
Sat Oct 05, 2019 8:20 am
Forum: Investing - Theory, News & General
Topic: Plz share what you did to minimize retirement taxes
Replies: 32
Views: 4378

Re: Plz share what you did to minimize retirement taxes

We did a series of Roth conversion when income was lower after cutting back to very part time, then retirement and prior to taking delayed SS. One advantage is that I have lower dividends in my taxable account than I would have if I didn't do the conversions. Now I have no RMDs to deal with and the ...
by SGM
Fri Oct 04, 2019 8:58 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe's "Rules of Prudent Investing"
Replies: 32
Views: 4814

Re: Larry Swedroe's "Rules of Prudent Investing"

They aren't specifically credited to Larry Swedroe on this web page, but they appear in several of his books (in several different forms). I numbered the points. Like many short, pithy maxims, of course, it is hard to know exactly what they mean or how they apply to a specific situation... and ther...
by SGM
Wed Oct 02, 2019 12:55 pm
Forum: Personal Investments
Topic: I pulled out... How do I get back in?
Replies: 100
Views: 14048

Re: I pulled out... How do I get back in?

As the expression heard so often in Saskatchewan, "put on your skates now get on the ice". :wink:
Pick an AA you are comfortable with then stay the course.