Search found 161 matches

by bornloser
Tue Oct 29, 2019 2:26 pm
Forum: Personal Investments
Topic: 529/son got accepted to medical school whahoooo!
Replies: 53
Views: 8328

Re: 529/son got accepted to medical school whahoooo!

Okay, just noticed the original post was 2017, so my comments probably not helpful. As an aside, one of the reasons my daughter entered med school with so much 529 money left is the fact that she "gets it" (ie, a budding Boglehead). I sleep much better knowing that she has left the nest with a healt...
by bornloser
Tue Oct 29, 2019 2:17 pm
Forum: Personal Investments
Topic: 529/son got accepted to medical school whahoooo!
Replies: 53
Views: 8328

Re: 529/son got accepted to medical school whahoooo!

Well, I care actually. Daughter in medical school, scholarship paid for most of undergraduate so enough 529 monies left over for 2 years tuition and housing (we submit reimbursement for housing costs). I began shifting funds to a conservative "guaranteed" fund choice over the last few years, so now ...
by bornloser
Tue Oct 15, 2019 4:23 pm
Forum: Personal Investments
Topic: I-bonds with kids
Replies: 18
Views: 1611

Re: I-bonds with kids

Re. I bonds purchased with a minor as co-owner thereby enabling a work around of the 10k limit per person. I did not know this and I'm surprised I haven't seen this strategy before. I know some have posted putting I bonds in a trust.
by bornloser
Tue Oct 15, 2019 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Low Cost Company 401k [Looking for plan provider]
Replies: 9
Views: 514

Re: Low Cost Company 401k [Looking for plan provider]

Used Employee Fiduciary for a small physician group of 10 for 3 years. Based out of Mobile, AL with a low fee "Boglehead" mindset, had a positive experience. Loaded the plan with Vanguard funds and a few Fidelity funds. Not a great deal of hand holding, so someone in the company needs to be the poin...
by bornloser
Fri Apr 19, 2019 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversions, taxes, and social security
Replies: 22
Views: 2593

Re: Roth conversions, taxes, and social security

Thanks for all the advice. Have some planning to do! Yes, Chris, the 150-200k estimated from an RMD calculator with conservative return estimate.
by bornloser
Thu Apr 18, 2019 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 15565

Re: In Laws Retirement Nest Egg

To the OP, great attitude for ignoring the snarky posts. They may or may not have enough, that is planned well enough, to cover their retirement expenses> What is most important is that you and your significant other are on the same page in regards to what is our plan if they do run out of money. Th...
by bornloser
Mon Apr 08, 2019 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversions, taxes, and social security
Replies: 22
Views: 2593

Re: Roth conversions, taxes, and social security

Yes, nontaxable around 2.9 and consisting of 500k series I bonds, munis, and index stock funds. Tax deferred mainly bonds, per recommended Boglehead strategy. Get about 36k/year qualified dividends from Taxable. So yes, I guess the higher SS tax may be unavoidable and mainly looking to decrease top ...
by bornloser
Sun Apr 07, 2019 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversions, taxes, and social security
Replies: 22
Views: 2593

Re: Roth conversions, taxes, and social security

Thanks for all the advice. I'll try to max conversions early on. Courtesy of this forum, I had recently become aware of Medicare IRMAA. Income too high for any ROTH conversions while working full time. So many moving parts when it comes to planning for Medicare, SS and RMDs, aargh!
by bornloser
Sun Apr 07, 2019 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversions, taxes, and social security
Replies: 22
Views: 2593

Roth conversions, taxes, and social security

I’m 55, spouse 56. Will retire from full time work at 57, hope to part time (½ time or less) for several years mainly to gradually transition from my career and for health insurance. Have 2.9M total in tax sheltered accounts (wife IRA, my 403b,457,401k). Will likely continue to add to 401k up to age...
by bornloser
Wed Apr 03, 2019 10:12 am
Forum: Personal Finance (Not Investing)
Topic: I think we're FIRE in 8 or 9 years, feedback?
Replies: 15
Views: 2216

Re: I think we're FIRE in 8 or 9 years, feedback?

Congratulations on the savings, not uncommon Boglehead accumulator numbers. Not going to comment on the feasibility of your plan but want to add that early retirement is very possible if you have a plan and start the macro tuning in your 40s, which you are doing. As an aside my numbers were only sli...
by bornloser
Sat Mar 30, 2019 11:06 am
Forum: Personal Consumer Issues
Topic: I would like a boat. I also know nothing about boats
Replies: 147
Views: 9771

Re: I would like a boat. I also know nothing about boats

Have read back thru the responses and for my boating experience (20 plus years), I completely disagree with the "Debbie Downers". As you have stated, you have a lakefront house with a dock and desire to boat. The work involved in trailering and launching a boat is the big reason people buy a boat an...
by bornloser
Tue Oct 16, 2018 9:04 am
Forum: Investing - Theory, News & General
Topic: "Safe" Withdrawal Rate for Early Retirees (or any retiree)
Replies: 226
Views: 21244

Re: "Safe" Withdrawal Rate for Early Retirees (or any retiree)

Hats off to a good discussion, typical Bogleheads erudite, analytical, etc. I enjoy many other financial forums such as Mad Fientist, WCI, Early Retirement Now as well. One comical point that comes up not infrequently on some of the other sites is the over-thinking, over-planning and over-stressing ...
by bornloser
Tue Sep 25, 2018 8:24 am
Forum: Personal Investments
Topic: Im going to die somewhere between Bankruptcy and $20 million
Replies: 46
Views: 10064

Re: Im going to die somewhere between Bankruptcy and $20 million

Age 33, Boglehead and 750k invested assets. Nothing short of amazing. Pat yourself on the back and keep it up!
by bornloser
Tue Jan 30, 2018 1:16 pm
Forum: Personal Investments
Topic: Rollover IRA to 401k
Replies: 5
Views: 828

Re: Rollover IRA to 401k

Thanks for the replies. I was told by the trustee of the IRA that the 401k plan would issue a 5498 form to the IRS, but if not I guess I will send in an explanation to the IRS on my 2018 taxes explaining the rollover.
by bornloser
Mon Jan 29, 2018 11:14 am
Forum: Personal Investments
Topic: Rollover IRA to 401k
Replies: 5
Views: 828

Rollover IRA to 401k

Have decided to clean up some IRAs and get them out of IRA status by transferring to my current 401k provider (they accept IRA rollovers). I'm doing this in order to pursue backdoor Roth IRA and simplify Roth conversions later on during retirement (from a 403b and government 457 plan). I have been a...
by bornloser
Thu Jun 15, 2017 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: 529 transfer
Replies: 5
Views: 1097

Re: 529 transfer

Both about plan fees and expense ratios. Have finished contributing to my childs 529, receiving a state tax deduction each year I contributed. Now trying to get fees lower since she has 5 years until college and may get scholarships and go to grad school, so this could stretch out for quite a while....
by bornloser
Thu Jun 15, 2017 10:37 am
Forum: Personal Finance (Not Investing)
Topic: 529 transfer
Replies: 5
Views: 1097

Re: 529 transfer

Well I was hoping for any input on this, even any input on the pros/cons of the Vanguard 529 plan?
by bornloser
Wed Jun 14, 2017 7:39 am
Forum: Personal Finance (Not Investing)
Topic: 529 transfer
Replies: 5
Views: 1097

529 transfer

Finally getting around to the process of transferring 13 y.o. daughters 529 from MS to Vanguard. TIAA CREF runs the program and fees are not horrible, but certainly not as low as the Nevada/Vanguard plan. I am directed to the online Vanguard site to open an account (but the site is down?). MS does n...
by bornloser
Fri Apr 14, 2017 8:24 am
Forum: Personal Consumer Issues
Topic: Hearing aids: has anyone used a CROS hearing aid?
Replies: 18
Views: 3175

Re: Hearing aids: has anyone used a CROS hearing aid?

If you in fact have moderate to severe or greater hearing loss in the one ear, I would investigate cochlear implants. CI technology has greatly improved over the last several years and the indications will continue to increase. Take a look at the facebook Cochlear Implant group and you will be amaze...
by bornloser
Sat Jan 07, 2017 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Doctors and retirement
Replies: 67
Views: 9784

Re: Doctors and retirement

Practicing medicine for about 20 years and surrounded by colleagues with similar income levels, I've seen a number of financial paths taken that include all those mentioned. And I agree with Vencat, to each his own. However, I have witnessed another path that I consider very sad and depressing: the ...
by bornloser
Fri Oct 21, 2016 9:23 am
Forum: Personal Finance (Not Investing)
Topic: When have you given enough?
Replies: 65
Views: 8301

Re: When have you given enough?

My standards for 'financially supportive parent' is: 1. Raise your kid in a healthy and safe environment 2. Pay for his college 3. Support yourself in retirement instead of mooching off your kid If you hit all 3 I don't think there's any reasonable cause for complaint if inheritance is $0. You did ...
by bornloser
Fri Oct 21, 2016 8:34 am
Forum: Personal Finance (Not Investing)
Topic: When have you given enough?
Replies: 65
Views: 8301

Re: When have you given enough?

Good topic and enjoyed reading the personal experiences with how to handle this. My wife and I came from very modest financial backgrounds and have worked our tails off to get to a place where we could retire early mid/late 50s. All 3 kids have college completely paid for and one slightly used car f...
by bornloser
Fri Dec 19, 2014 3:10 pm
Forum: Personal Consumer Issues
Topic: Denver area ski in/out lodging?
Replies: 22
Views: 2313

Re: Denver area ski in/out lodging?

I have planned many ski trips and rarely been to the same area twice, so a new adventure each time and a lot of work and stress. I always made sure our location was within 50-100 yard of a lift that had "friendly" runs for all. Each time I planned a ski trip it was a ton of work, checking and rechec...
by bornloser
Mon Dec 15, 2014 5:37 am
Forum: Personal Consumer Issues
Topic: Oregon wine tour
Replies: 5
Views: 925

Re: Oregon wine tour

Thanks for the input. Didn't realize there were so many options. Wife is excited but says we may have to take our girls (10 and 18), so that may change things up a bit.
by bornloser
Sun Dec 14, 2014 11:34 am
Forum: Personal Consumer Issues
Topic: Oregon wine tour
Replies: 5
Views: 925

Oregon wine tour

Live in the southeast U.S., spouse and I enjoy wine but for the record I have a cave-man palate. Would like to plan a low stress, no fru fru wine tour trip for the two of us. Would appreciate any thoughts, ideas and personal experience with this.
by bornloser
Mon Sep 29, 2014 10:06 am
Forum: Personal Finance (Not Investing)
Topic: startup 401k
Replies: 4
Views: 491

Re: startup 401k

This is in regard to termination of employment, not an in service withdrawal. When I called Employee Fiduciary, they inferred that most choose a lump sum as the only option...but I didn't bring up the Roth conversation pathway with them. Thanks.
by bornloser
Mon Sep 29, 2014 7:27 am
Forum: Personal Finance (Not Investing)
Topic: startup 401k
Replies: 4
Views: 491

startup 401k

Filling out the forms for our small business 401k startup, I am asked Will the lump sum form of distribution be the plan’s sole form of distribution?  No  Yes If no, optional forms available:  Partial payments  Installments Wouldn’t I want to choose “No” and “Partial Payments” options if I wante...
by bornloser
Sat Sep 06, 2014 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Trying to get my company to switch to Vanguard 401(k)
Replies: 24
Views: 3798

Re: Trying to get my company to switch to Vanguard 401(k)

+1 on Alskars post. I can soooo identify with your frustration. I have recently concluded a very lengthy investigation of our small company (around 10 persons) 401k fees and convinced our company to go with Employee Fiduciary out of Mobile, AL. They are a very low cost TPA (like Ascensius), very tra...
by bornloser
Sat Sep 06, 2014 9:26 am
Forum: Investing - Theory, News & General
Topic: Peter Lynch was wrong
Replies: 64
Views: 9905

Re: Peter Lynch was wrong

Peter Lynch obviously bright guy. Loads of Ivy League graduates in the finance industry, many of them working with actively managed funds...obviously all bright people. But if they were all flipping coins surely some would flip heads multiple times in a row. I'm not suggesting that Lynch's run with ...
by bornloser
Wed Sep 03, 2014 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Help Please: Retirement plan vs. Higher Salary
Replies: 35
Views: 4452

Re: Help Please: Retirement plan vs. Higher Salary

Congratulations on the good job offer. Although the debt scares the bejeebies out of me (and should you too), I would choose the money purchase plan AND keep expenses low for the first several years and get that debt monkey off your back. I have some experience with MP pension plans since I have con...
by bornloser
Mon Aug 25, 2014 4:22 am
Forum: Personal Finance (Not Investing)
Topic: S corp and HSA
Replies: 1
Views: 719

Re: S corp and HSA

Well I'm going to call our CPA today. Was hoping some of the accountants are those who own an S corporation would weigh in on this.
by bornloser
Sun Aug 24, 2014 8:56 am
Forum: Personal Finance (Not Investing)
Topic: S corp and HSA
Replies: 1
Views: 719

S corp and HSA

Small physician group with S corporation. Own more than 2% of business. We get W-2s and dividends from the S corp. Would like to utilize an HSA and I understand that we cannot use the administration fees as a business expense and we each have to use the deduction on our individual 1040 returns. We a...
by bornloser
Wed Aug 20, 2014 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: 401k small business...help me
Replies: 0
Views: 418

401k small business...help me

The continuing saga of converting my small physician group from a money purchase plan to low cost 401k plan. After another meeting tonight interviewing Edward Jones (boo, hiss), I'm about 99% sure the group is going to vote to go with Employee Fiduciary, probably not using a separate advisor, just c...
by bornloser
Mon Aug 04, 2014 12:08 pm
Forum: Personal Investments
Topic: Wife's 403(b)
Replies: 12
Views: 1117

Re: Wife's 403(b)

403b to IRA conversions are easy, but I've always already had accounts at Vanguard when I did this and I have done this for several 403 accounts for me and my wife as well. Bear in mind you don't have to convert to an IRA. If the fees are low, it's probably okay to leave it at TRP. I would also look...
by bornloser
Mon Aug 04, 2014 9:17 am
Forum: Personal Finance (Not Investing)
Topic: How many families use 529 plans?
Replies: 113
Views: 12011

Re: How many families use 529 plans?

Sorry for interjecting the controversial note. You are probably correct in that kids probably don't need any financial help after age 18 for college. And I agree that many persons have been launched successfully in the US after economic boom after WWII without parental help, so certainly they can do...
by bornloser
Mon Aug 04, 2014 7:12 am
Forum: Personal Finance (Not Investing)
Topic: How many families use 529 plans?
Replies: 113
Views: 12011

Re: How many families use 529 plans?

This thread is making me twitch. When your kids are young, you think you have all the time in the world to save for college. You read threads like this, Suze Orman, Dave Ramsey, etc. and agree with everyone who writes that you can't take out a loan to pay for retirement. Believe me, I get it. I dra...
by bornloser
Fri Jul 25, 2014 8:24 am
Forum: Personal Finance (Not Investing)
Topic: 401k website evaluation
Replies: 5
Views: 516

401k website evaluation

Do most 401k plans have a website that allows electronic transactions (purchases, rebalancing, withdrawals)? Our current vendor has the worst website on the planet, basically just a site that shows what your balance is. My small business thinks that this is the "norm". Thanks.
by bornloser
Thu Jul 24, 2014 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: [Employee Fiduciary] Question
Replies: 10
Views: 1604

Re: [Employee Fiduciary] Question

Well you guys probably know I'm in the midst of trying to convince my partners in a 7-10 person group to use EF. Not going as smooth as I would like. I've talked to EF and they are really on top of their game. Some of my partners however think the local bank is their "friend" and like that they have...
by bornloser
Thu Jul 17, 2014 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Small business 401k blues
Replies: 6
Views: 1061

Re: Small business 401k blues

Thanks ERISA Stone. I'll check out the website. Money Purchase plans were sort of an odd bird retirement plans go and I have been told that the plan has to be terminated (if not directly converted to a 401k) although this came from Employee Fiduciary and not an ERISA attorney. Our fees in the MP pla...
by bornloser
Thu Jul 17, 2014 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Small business 401k blues
Replies: 6
Views: 1061

Re: Small business 401k blues

Thanks for the input. Part of the problem with keeping the heirs in the plan is that we currently pay ALL fees for the plan individually from our tax sheltered monies (yes, I know this royally sucks) and we want to pay for the plan expenses separately and therefore get a business tax deduction. We d...
by bornloser
Wed Jul 16, 2014 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: Small business 401k blues
Replies: 6
Views: 1061

Small business 401k blues

This is my third post regarding leaving our small business high fee Money Purchase retirement plan and starting a low cost 401k. Thanks for bearing with me. Apparently Money Purchase plans always have a default surviving spouse/beneficiary annuity unless you sign a waiver. Most of my business partne...
by bornloser
Tue Jul 15, 2014 4:09 am
Forum: Personal Finance (Not Investing)
Topic: Bright Scope 401k fees
Replies: 12
Views: 1614

Re: Bright Scope 401k fees

Thanks so much for the replies. We are a small physician group with 7 highly compensated persons and 10 active participants in the plan. ERISA Stone thanks for the heads up on the freeerisa site. I was able to get the 2011 data for our MP retirement plan and under the same category "8.f Administrati...
by bornloser
Mon Jul 14, 2014 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Bright Scope 401k fees
Replies: 12
Views: 1614

Re: Bright Scope 401k fees

Thanks ERISA (like that name!) for the reply. In a previous post I explained that I am trying to get my small businsess group (only 10 in the retirement plan) to convert our Money Purchase plan to a low cost provider 401k plan. I am using Bright Scope to double check the numbers given me by our curr...
by bornloser
Mon Jul 14, 2014 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Bright Scope 401k fees
Replies: 12
Views: 1614

Bright Scope 401k fees

Does anyone have any experience with discerning the info on form 5500 for a 401k plan. When I look up our plan 5500 form for 2012 using Bright Scope I get a 40k number under the "Expense" category for "Administrative Service Providers". I assume this is the total we paid in fees(?) for the year. I h...
by bornloser
Sun Jul 13, 2014 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Money Purchase to 401k
Replies: 5
Views: 1077

Re: Money Purchase to 401k

Thanks for the input. I will use this input for the upcoming meeting. And I probably will ask for a discount on the fees proposed by the our current 401k fiduiciary.
by bornloser
Sat Jul 12, 2014 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Money Purchase to 401k
Replies: 5
Views: 1077

Re: Money Purchase to 401k

Good points. Let me clarify that the persons over 50 ARE interested in the 50+ catch up after I explained the savings benefit via the top tier of taxes. And the other partners care about 19k, just not to the degree that I do. I can't tell you the number of times that comments along the lines of "wel...
by bornloser
Sat Jul 12, 2014 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Money Purchase to 401k
Replies: 5
Views: 1077

Money Purchase to 401k

Have arranged our Money Purchase fiduciary which is a regional bank to meet with our small business group consisting of 6-9 highly compensated persons in order to explain the fees involved in converting to a 401k plan and then the ongoing yearly fees for the plan. The main purpose of this retirement...
by bornloser
Tue May 27, 2014 10:16 am
Forum: Personal Finance (Not Investing)
Topic: The in-laws are broke!
Replies: 128
Views: 20555

Re: The in-laws are broke!

Want to thank RunningRad for having the courage to bring up a difficult topic that is all too common and hits home for me and my situation with my aging parent. I usually read all the posts on this recurring topic and this has helped me tremendously. As the OP originally stated, all situations are u...
by bornloser
Fri May 09, 2014 10:56 am
Forum: Personal Consumer Issues
Topic: Unethical Dentist? Advice please!
Replies: 42
Views: 4233

Re: Unethical Dentist? Advice please!

Oh boy, this a real bug-a-boo of a topic. After reading the original post again, I completely agree with your decision to find another dentist. In regards to contacting the state dental board, I would at least find out what it involves and weigh all the options. I have been a physician for 20 plus y...
by bornloser
Mon Apr 28, 2014 12:15 pm
Forum: Investing - Theory, News & General
Topic: Why will stocks/bonds do worse than in the past?
Replies: 30
Views: 6440

Re: Why will stocks/bonds do worse than in the past?

Good post. I have noticed the new mantra of "returns will be lower going forward" essentially stated as an unquestionable truth, carved in a stone tablet. What effect does international equity holdings have on this? Does this have any effect on inflation (ie is inflation going to be lower going forw...