Search found 3031 matches

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: 679

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: 679

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: 10857

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: 1752

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: 6069

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: 7329

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: 8221

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: 10330

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: 8373

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: 5029

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: 3775

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: 12777

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: 14335

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: 4048

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: 4532

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: 13486

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.
by SGM
Wed Oct 02, 2019 10:20 am
Forum: Personal Finance (Not Investing)
Topic: UTMA accounts
Replies: 101
Views: 6716

Re: UTMA accounts

I have been trying to get my children to take over their UTMA accounts. I have warned them that if they do not change the account registration, the accounts will revert back into my estate at death. They seem to be too busy working. I cannot transfer the accounts without their signatures either med...
by SGM
Wed Oct 02, 2019 10:17 am
Forum: Investing - Theory, News & General
Topic: If you use Vanguard (Brokerage), why do you stay?
Replies: 58
Views: 6710

Re: If you use Vanguard (Brokerage), why do you stay?

I am satisfied with Vanguard. I would be concerned that the basis might be harder to keep track of if I moved any funds from one brokerage to another. Everything is running smoothly in retirement so why make any changes? I do have some other accounts with another brokerage and I don't think it is an...
by SGM
Mon Sep 30, 2019 12:45 pm
Forum: Personal Investments
Topic: Currently invested in 100% stock
Replies: 130
Views: 14016

Re: Currently invested in 100% stock

I was 100% stocks for most of the accumulation stage. My work was recession proof. Early on I had disability insurance. When 2008 hit I continued to earn a high income and was able to buy more stocks every month. It certainly felt scary, but I did not change my AA. I had capital losses that I took i...
by SGM
Sun Sep 29, 2019 8:28 am
Forum: Investing - Theory, News & General
Topic: Ken Fisher wants you to know that he cares...
Replies: 49
Views: 4538

Re: Ken Fisher wants you to know that he cares...

We have been getting mailings from FI for years and have never responded. His face is all over the internet. When he was an author working for Forbes I read his column. He seemed right as often as he was wrong with his individual stock suggestions. I find it annoying that he states in his advertisem...
by SGM
Sun Sep 29, 2019 12:29 am
Forum: Personal Finance (Not Investing)
Topic: Ideal income bracket target?
Replies: 49
Views: 5032

Re: Ideal income bracket target?

A major move we made to lower our income taxes in retirement was to do serial Roth conversions over a 5 or 6 year period before taking delayed SS. We now only have a taxable and Roth account. We also delayed our own SS benefits until 70 although we took advantage of file and suspend and a spousal be...
by SGM
Sat Sep 28, 2019 10:16 am
Forum: Investing - Theory, News & General
Topic: Jonathan Clements: About half your retirement accumulation is just the dollars you put in
Replies: 92
Views: 14335

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

It is difficult to determine how much of my retirement calculation is the dollars I put into it. Granted we could put in more money later in our working years into both retirement and taxable accounts. 401k limits and IRA limits increased over time and so did income. We also were able to add profit ...
by SGM
Fri Sep 27, 2019 11:53 am
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age? and, Why?
Replies: 246
Views: 29864

Re: What is your AA, given your age? and, Why?

In my early 70s and retired 5 years with an AA of about 60/40. I don't follow this percentage too closely. Any sales of stock or dividends generally go into a muni bond fund. Most of the time before retirement I was 100% in stock and stock funds. It did not bother me if valuations were low when I wa...
by SGM
Tue Sep 24, 2019 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Quiz: How Well Do You Know Social Security
Replies: 37
Views: 3511

Re: Quiz: How Well Do You Know Social Security

I knew that the average SS monthly payment was between $1000 and $1500 a month from reading research papers from Boston College and the University of Michigan. Several universities work with the SSA and report at the research consortium that meets yearly in D.C. One can get notification of new resea...
by SGM
Mon Sep 23, 2019 6:11 am
Forum: Personal Investments
Topic: Anyone here has more 200k in a single stock ?
Replies: 58
Views: 8972

Re: Anyone here has more 200k in a single stock ?

I have some individual stocks with large capital gains including MSFT. I attempt to keep none of them above 2% of my portfolio. I will sell a little bit more after January 1st. I have taken enough capital gains for 2019 and am not worried about them crashing.
by SGM
Thu Sep 19, 2019 8:45 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 4124
Views: 1176060

Re: What Book Are You Currently Reading? Part VI

I received two books as a surprise gift from a friend who I recently reconnected with via a found unopened letter from 50 years ago. The books are:The Plant Paradox and Dr. Gundry's Diet Evolution by Dr. Steven Gundry. I am reading them out of respect for the friendship, but there are a lot of clai...
by SGM
Thu Sep 19, 2019 8:06 am
Forum: Personal Investments
Topic: Income in retirement from stocks/mutual funds
Replies: 20
Views: 2163

Re: Income in retirement from stocks/mutual funds

A total return approach is superior to a dividend and income approach. I don't think individual stocks are all bad. I sell off some long held stocks with large capital gains every year, but limit the selling to keep my taxable capital gains below a certain level. I think a lot of older Bogleheads ar...
by SGM
Wed Sep 11, 2019 5:06 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 4124
Views: 1176060

Re: What Book Are You Currently Reading? Part VI

I received two books as a surprise gift from a friend who I recently reconnected with via a found unopened letter from 50 years ago. The books are:The Plant Paradox and Dr. Gundry's Diet Evolution by Dr. Steven Gundry. I am reading them out of respect for the friendship, but there are a lot of clai...
by SGM
Mon Sep 09, 2019 4:03 pm
Forum: Investing - Theory, News & General
Topic: 5% Withdrawal Rate Recommended by US News Columnist
Replies: 141
Views: 12019

Re: 5% Withdrawal Rate Recommended by US News Columnist

This is poor advice. 7 or 8% is ridiculous unless you have very few years left to live.

The author states you should ask your advisor if you have debt. Don't most people know if they have debt?
by SGM
Mon Sep 09, 2019 12:07 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 4124
Views: 1176060

Re: What Book Are You Currently Reading? Part VI

I received two books as a surprise gift from a friend who I recently reconnected with via a found unopened letter from 50 years ago. The books are:The Plant Paradox and Dr. Gundry's Diet Evolution by Dr. Steven Gundry. I am reading them out of respect for the friendship, but there are a lot of claim...
by SGM
Sun Sep 08, 2019 9:23 am
Forum: Investing - Theory, News & General
Topic: The case for considering overall career marginal tax when deciding between trad and Roth.
Replies: 25
Views: 2060

Re: The case for considering overall career marginal tax when deciding between trad and Roth.

I never was able to contribute directly to a Roth IRA or Roth 401k. Traditional IRA and 401k accounts helped keep my taxes reasonable over many years of working. In 2010 the law changed to allow conversions to Roth IRAs for all. This was the point when I could plan for what to do to decrease RMDs at...
by SGM
Sun Sep 08, 2019 1:13 am
Forum: Personal Finance (Not Investing)
Topic: When do you start gifting the max to your family members? When is enough NW totally enough?
Replies: 80
Views: 9695

Re: When do you start gifting the max to your family members? When is enough NW totally enough?

The maximum was increased to $15,000 per year per person. If you had two children you could gift each child $15,000. If you were married your spouse could also give each child $15,000 a year. One could also pay tuition and medical costs directly and not to the individual and it would not count towar...
by SGM
Wed Sep 04, 2019 9:52 am
Forum: Investing - Theory, News & General
Topic: 60/40 VS 30/70 "Center Of Gravity"@@ Allocation for Retirees ??? Bernstein VS Ferri ?? -- What Would You Do?
Replies: 189
Views: 20554

Re: 60/40 VS 30/70 "Center Of Gravity"@@ Allocation for Retirees ??? Bernstein VS Ferri ?? -- What Would You Do?

I always felt age in bonds was way conservative and I ignored it. Now in retirement I consider 60/40 more of a starting point. I have been drifting towards 60/40 for a few years now. Mostly I have been buying bond funds in retirement with any extra income. Fortunately I arranged for multiple income ...
by SGM
Wed Sep 04, 2019 3:35 am
Forum: Investing - Theory, News & General
Topic: 3 fund people how are you feeling?
Replies: 112
Views: 13397

Re: 3 fund people how are you feeling?

I have been increasingly adding to mostly TSM and muni bond funds in my taxable accounts for the last 15 years or so. I have a little in international and small cap. I am pleased with my total returns since I started investing 40 years ago. I wanted to be more diversified than my original individual...
by SGM
Tue Sep 03, 2019 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Retiring soon
Replies: 33
Views: 3203

Re: Retiring soon

Your expenses are low but you would be barely covering your current expenses. My concern is future unexpected expenses,
by SGM
Sat Aug 31, 2019 9:36 am
Forum: Personal Finance (Not Investing)
Topic: What is your plan for the last few years of a long life?
Replies: 230
Views: 16307

Re: What is your plan for the last few years of a long life?

I was a physician in a nursing home and also delivered palliative care without hospice and later with hospice. Many demented patients live comfortable and happy lives others do not. I have had patients who were in hospice and later improved and were taken out of hospice. We had 3 family members who ...
by SGM
Fri Aug 30, 2019 4:47 am
Forum: Personal Finance (Not Investing)
Topic: Social Security age 70 or bust?
Replies: 81
Views: 4989

Re: Social Security age 70 or bust?

We had large tax deferred accounts and did not want to take our large RMDs at age 70 1/2. We don't need the RMDs as we have other income streams. We are saving a lot in taxes by not taking RMDs. If we took RMDs and didn't spend them then we would have more taxable dividends and capital gains to dea...
by SGM
Thu Aug 29, 2019 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Social Security age 70 or bust?
Replies: 81
Views: 4989

Re: Social Security age 70 or bust?

We read Kotlikoff and decided on a file and suspend/ restricted application with DW taking a spousal benefit at her full retirement age. She delays her own until 70. I took my SS at 70. We both valued the longevity insurance should one or both of us live longer than the average projections. We had l...
by SGM
Wed Aug 28, 2019 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: How Have You Planned for Sequence of Return Risk (SOR)?
Replies: 178
Views: 11783

Re: How Have You Planned for Sequence of Return Risk (SOR)?

We decreased our AA to 70/30. It may be 65/35 now haven't looked. No rebalancing. TIAA/CREF annuities future SPIAs in the next ten years. pension delayed SS to 70 + spousal benefit temporarily then second SS at 70 rental income Decreased expenses by: No debt, no mortgage No RMDs No taxes on retirem...
by SGM
Wed Aug 28, 2019 3:08 pm
Forum: Investing - Theory, News & General
Topic: Is medium/long term planning (>5 yrs) useless?
Replies: 20
Views: 1184

Re: Is medium/long term planning (>5 yrs) useless?

I have had a plan to invest in my own skills and education. I didn't know what the next five years would bring, but I always had a plan to invest in my skills and in my retirement. There is no way to predict the market, but hard work and a little luck often can be quite rewarding. I always had a pla...
by SGM
Tue Aug 27, 2019 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: How Have You Planned for Sequence of Return Risk (SOR)?
Replies: 178
Views: 11783

Re: How Have You Planned for Sequence of Return Risk (SOR)?

We decreased our AA to 70/30. It may be 65/35 now haven't looked. No rebalancing. TIAA/CREF annuities future SPIAs in the next ten years. pension delayed SS to 70 + spousal benefit temporarily then second SS at 70 rental income Decreased expenses by: No debt, no mortgage No RMDs No taxes on retireme...
by SGM
Tue Aug 27, 2019 8:08 pm
Forum: Investing - Theory, News & General
Topic: Best of Bogleheads - your #1 takeaway
Replies: 151
Views: 15361

Re: Best of Bogleheads - your #1 takeaway

BHs is a great community. Many people unselfishly give a lot of their time and effort to it. Thank you.
by SGM
Sun Aug 25, 2019 4:38 am
Forum: Personal Investments
Topic: Asset Allocation Going Into Retirement
Replies: 13
Views: 1716

Re: Asset Allocation Going Into Retirement

Are you considering doing Roth conversions prior to taking SS and after you stopped working? We looked at large RMDs that would be required at 70 1/2 and decided to do a series of Roth conversions over a period of 5 or more years. We decided to convert all of the pre-tax accounts to Roth accounts. W...
by SGM
Sat Aug 24, 2019 9:43 am
Forum: Investing - Theory, News & General
Topic: A theory of one's general investing mindset: 'Good enough' or 'Optimize'
Replies: 297
Views: 13478

Re: A theory of one's general investing mindset: 'Good enough' or 'Optimize'

This strikes me as a continuum. At some point it makes no sense to put more effort into a dubious optimization. Most active managers underperform the market over long periods especially after taxes and expense ratios are considered. I would rather spend my time enjoying retirement.
by SGM
Thu Aug 22, 2019 1:08 pm
Forum: Personal Investments
Topic: Anyone else more aggressive in retirement than required?
Replies: 52
Views: 4556

Re: Anyone else more aggressive in retirement than required?

I I don't think there is an absolutely right answer to choosing an AA. Any dividends or monthly income from outside of my portfolio that I don't spend is reinvested in bond funds. I have been retired 5 years and have decided I ought to be a bit more conservative. From 100% stock in the accumulation ...
by SGM
Wed Aug 21, 2019 10:33 am
Forum: Investing - Theory, News & General
Topic: Vanguard's "Bogle Site" gone, but most material available at johncbogle.com
Replies: 59
Views: 12075

Re: Vanguard's "Bogle Site" gone? Hopefully just a glitch.

Vanguard supplied Jack Bogle with an office, services and several people were assigned to report to him directly. Jack was able to continue writing and publishing on a regular basis. He was also helped with slides and presentations by the employees assigned to him by Vanguard. Jack could not have be...
by SGM
Sun Aug 18, 2019 3:17 am
Forum: Investing - Theory, News & General
Topic: Personal Flagship Representaive Going Away
Replies: 126
Views: 13637

Re: Personal Flagship Representaive Going Away

I received no notification the personal rep was going away. When I recently signed in the picture and the name disappeared. I don't think it will make much difference. If my personal rep was not available I could speak to a team member.
by SGM
Thu Aug 15, 2019 8:26 am
Forum: Investing - Theory, News & General
Topic: "Retirement Planning Is Complicated. Your Retirement Portfolio Shouldn't Be"
Replies: 40
Views: 4098

Re: "Retirement Planning Is Complicated. Your Retirement Portfolio Shouldn't Be"

I am self educated regarding retirement planning and read at least 30 books about financial and retirement planning over the last 15 years. Major decisions have been made including delaying my SS until 70, setting up non-portfolio income streams and doing Roth conversions after retiring and before t...
by SGM
Thu Aug 15, 2019 2:25 am
Forum: Investing - Theory, News & General
Topic: Lawsuit suggests MIT allowed Fidelity to pack retirement plans with high-fee funds
Replies: 54
Views: 4911

Re: Lawsuit suggests MIT allowed Fidelity to pack retirement plans with high-fee funds

We used Fidelity for my solo 401k and a small taxable account. Most of my purchases were for Vanguard ETFs. At the time Fidelity made it easy to set up and run a solo 401k. Vanguard did not. Once I retired and was rolling over to traditional IRAs I moved the assets to Vanguard. I found some of the F...
by SGM
Tue Aug 13, 2019 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Using investments to pay taxes?
Replies: 6
Views: 571

Re: Using investments to pay taxes?

I never lowered my 401k contributions to pay taxes. I felt the tax deferral was too valuable and the money was designated for retirement. If there wasn't enough in my checking account I sold investments with LT capital gains or losses if available to pay income taxes. Eventually I converted all my t...