Search found 1190 matches

by 22twain
Mon Jan 15, 2018 12:34 am
Forum: Investing - Help with Personal Investments
Topic: Investment Advice for $50K in Taxable Account
Replies: 9
Views: 1100

Re: Investment Advice for $50K in Taxable Account

What are the 401K's invested in? The usual philosophy here is to consider all your accounts together as a single portfolio. Decide on the percentage of stocks that you want, in the total portfolio. Then decide what fraction of the stocks you want to be international versus domestic. Then, ideally, y...
by 22twain
Sun Jan 14, 2018 10:43 am
Forum: Investing - Help with Personal Investments
Topic: VFAIX [Vanguard Financials Index]
Replies: 5
Views: 246

Re: VFAIX

Welcome to Bogleheads! Since you're new here, you probably haven't seen (yet) that we frown on posting "naked" ticker symbols, because then most people (who have memorized only the ones that they actually use often) have to look them up before having any idea what you're asking about. Anyway, I was ...
by 22twain
Thu Jan 11, 2018 6:50 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Mandatory IRA distributions. The IRS will take my money away!!
Replies: 29
Views: 1952

Re: Help with Mandatory IRA distributions. The IRS will take my money away!!

capgain22 wrote:
Thu Jan 11, 2018 5:26 pm
Am 65 and want to continue to work.
One way to reduce your taxable income at age 70+ would be to stop working for money. Note I didn't say simply "stop working." :wink:

(livesoft posted while I was writing this, but perhaps it adds something extra to think about.)
by 22twain
Wed Jan 10, 2018 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Sole beneficiary of a retirement plan built on stocks
Replies: 6
Views: 350

Re: Sole beneficiary of a retirement plan built on stocks

Right, I don't think there's any way to gift part of the plan balance while keeping it tax-deferred. You'd have to take a taxable distribution from the plan, and then gift the money. Unless it's a Roth IRA, in which case distributions are tax free.
by 22twain
Wed Jan 10, 2018 8:18 am
Forum: Investing - Theory, News & General
Topic: Running Maximum Withdrawal Percentage: Any data on this?
Replies: 26
Views: 1541

Re: Running Maximum Withdrawal Percentage: Any data on this?

bigred77 wrote:
Wed Jan 10, 2018 8:04 am
You are looking for the SAFEMAX rate.

See here: https://retirementresearcher.com/willia ... s-safemax/

There are other articles that discuss it as well.
The graph in that article is not the exact one I saw, which was in the form of a bar graph not a line graph, but the concept is the same.
by 22twain
Wed Jan 10, 2018 8:01 am
Forum: Investing - Theory, News & General
Topic: Running Maximum Withdrawal Percentage: Any data on this?
Replies: 26
Views: 1541

Re: Running Maximum Withdrawal Percentage: Any data on this?

I saw a graph of maximum withdrawal rate as a function of retirement year, just yesterday in one of the currently ongoing "does the 4% rule really work" / "do I have enough to retire" discussions, but I can't find it now. Maybe someone else remembers where it is...
by 22twain
Wed Jan 10, 2018 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Sole beneficiary of a retirement plan built on stocks
Replies: 6
Views: 350

Re: Sole beneficiary of a retirement plan built on stocks

This gives a good description, using numbers for 2017. https://www.thebalance.com/gift-tax-exclusion-annual-exclusion-vs-lifetime-exemption-3505656 For 2018, the annual gift tax exclusion is $15K and the lifetime exclusion is $5.6M. Double these for a married couple. Bottom line: if you give more th...
by 22twain
Mon Jan 08, 2018 12:15 pm
Forum: Forum Issues and Administration
Topic: Help me understand question-less financial status (e.g. "2 comma club") threads.
Replies: 175
Views: 8492

Re: Help me understand question-less financial status (e.g. "2 comma club") threads.

I think they should be allowed as long as the content of the post is of decent quality. For example the OP should give a little bit of history or context to why this is a significant event for them or what decisions they had to make to along the way and why they made those decisions. I agree. This ...
by 22twain
Sun Jan 07, 2018 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with RMD money
Replies: 18
Views: 1601

Re: What to do with RMD money

Has she ever dealt with her retirement accounts in a "hands-on" way by switching investments around or rebalancing them online or by some other means? Does she do any financial stuff online? If she always made her contributions in a "set it and forget it" fashion, and has not interacted with the acc...
by 22twain
Sat Jan 06, 2018 9:21 am
Forum: Investing - Help with Personal Investments
Topic: Seeking advice on setting up retirement cash flow
Replies: 22
Views: 1775

Re: Seeking advice on setting up retirement cash flow

Would you maintain the 50/50 ratio in both the after tax accounts and the pretax accounts? No, I'd put as much of the bonds as possible in the pretax accounts, for tax efficiency. I guess you'd have to have some bonds in the after tax to protect from selling in a downturn. If you have only stocks i...
by 22twain
Thu Jan 04, 2018 11:55 pm
Forum: Investing - Help with Personal Investments
Topic: Market timing vs. Investing Gradually
Replies: 17
Views: 1004

Re: Market timing vs. Investing Gradually

I don't believe in retirement funding. Doesn't that mean the money will be stuck there til age of 65? No. The general rule is that you can freely access the money at age 59.5, not 65. There are ways to get at it earlier, with restrictions. (or 55 and retired if your employer's plan allows it) For e...
by 22twain
Thu Jan 04, 2018 11:45 pm
Forum: Investing - Help with Personal Investments
Topic: Can I retire now?
Replies: 44
Views: 4609

Re: Can I retire now?

My hunch is that at 44, you won't really "retire". You will quit that job and then after a nice break you'll find yourself doing something and that something will bring in some money. 44 is young. There is no way you will spend the next 51 years sipping umbrella drinks on the beach. With those thre...
by 22twain
Thu Jan 04, 2018 11:15 am
Forum: Investing - Theory, News & General
Topic: DOW breaks 25,000 for first time ever
Replies: 55
Views: 5485

Re: DOW breaks 25,000 for first time ever

I remember when it was at 10k for the longest time. I remember it first went over 1000, around the time I was in high school. Then it sagged for more than ten years, and didn't hit 1000 again (in by-then well-inflated dollars!) until around the time I finished graduate school and started my first "...
by 22twain
Tue Jan 02, 2018 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: My 2017 Budget
Replies: 35
Views: 3838

Re: My 2017 Budget

Marrried couple, one retired, one working part time; house paid off; VLCOL area. $37K total (measured mostly via net cash flow through checkbooks) [including] $1K income tax (low taxable income before starting SS and RMDs) $3K auto (two small cars: gas, insurance, one set of new tires, no loan paym...
by 22twain
Tue Jan 02, 2018 11:05 am
Forum: Personal Finance (Not Investing)
Topic: My 2017 Budget
Replies: 35
Views: 3838

Re: My 2017 Budget

Marrried couple, one retired, one working part time; house paid off; VLCOL area. $37K total (measured mostly via net cash flow through checkbooks) $6K home (utilities, insurance, prop tax, repairs) $5K food $5K medical (Medicare for one, employer for the other) $3K auto (two small cars: gas, insuran...
by 22twain
Tue Jan 02, 2018 12:52 am
Forum: Investing - Theory, News & General
Topic: Did everyone in the early 80s have their money in CDs?
Replies: 77
Views: 6138

Re: Did everyone in the early 80s have their money in CDs?

For a few years, during that period of peak interest rates, I used a money market fund for savings that I didn't need to have available quickly in a checking account. The interest rate peaked at 18% or maybe a bit more, IIRC.
by 22twain
Mon Jan 01, 2018 11:14 pm
Forum: Investing - Help with Personal Investments
Topic: Can I contribute to both a Roth IRA and a solo 401k with the "same" income?
Replies: 21
Views: 921

Re: Can I contribute to both a Roth IRA and a solo 401k with the "same" income?

You can contribute to both an employer-sponsored 401k (or 403b) and an IRA, but the total contributions must not exceed your total compensation. I remember seeing it a few years ago in one of the IRS publications, probably 590. I'd be surprised if it were different with a self-employment 401k. As TG...
by 22twain
Mon Jan 01, 2018 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Proceeds from RE sale go where for retirement?
Replies: 11
Views: 673

Re: Proceeds from RE sale go where for retirement?

zz4 wrote:
Sun Dec 31, 2017 1:51 pm
New IRA contributions would only hold 12k max.
So one of you is over 50 ($6500) and the other is under 50 ($5500)? Just checking to make you're not thinking 2 x $6000...
by 22twain
Sun Dec 31, 2017 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: Proceeds from RE sale go where for retirement?
Replies: 11
Views: 673

Re: Proceeds from RE sale go where for retirement?

Have you previously decided on an overall allocation plan for your investable assets (usually referred to on this forum for short as "AA" = "asset allocation")? The standard "minimal" decisions we make here are (1) % of stocks versus fixed income in general (2) within your stocks, % of domestic vers...
by 22twain
Wed Dec 27, 2017 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: Invest in Target fund or 3 fund portfolio?
Replies: 14
Views: 1226

Re: Invest in Target fund or 3 fund portfolio?

in order to re-balance I would have to sell and then buy at the close of the next business day, essentially removing those funds from the market for a day I am not that familiar with Schwab but at Vanguard you can transfer from one fund to another without the delay of selling then buying. Likewise ...
by 22twain
Wed Dec 27, 2017 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Can someone explain how AMT works?
Replies: 12
Views: 1907

Re: Can someone explain how AMT works?

I've never had to pay AMT, but a Google search for "amt and itemized deductions" turns up a bunch of promising-looking hits, including pages from Wikipedia, TurboTax, H&R Block, etc.
by 22twain
Wed Dec 27, 2017 10:00 am
Forum: Personal Consumer Issues
Topic: cheap device to run "mobile" apps?
Replies: 4
Views: 376

Re: cheap device to run "mobile" apps?

My wife has an iPad mini that has no cellular connectivity, which was cheaper than one with. She uses it only at home on our WiFi network.

What does the light system you're looking at use for connectivity? WiFi? Bluetooth?
by 22twain
Tue Dec 26, 2017 1:47 am
Forum: Personal Consumer Issues
Topic: Converting printed pictures to digital files
Replies: 15
Views: 1276

Re: Converting printed pictures to digital files

For scanning printed material and photos I use a Canon MX922 all-in-one printer+scanner+fax. It's several years old, but I'm sure there are similar units on the market nowadays from Canon, Epson, etc. Each company provides basic scanning software. For about 15 years I've used the independent Vuescan...
by 22twain
Mon Dec 25, 2017 5:57 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with retirement portfolio of $1.3M sitting in cash now
Replies: 7
Views: 1430

Re: Need help with retirement portfolio of $1.3M sitting in cash now

Was the $1.3M invested in something else before it became cash? If so, what was it, and why did you sell it?
by 22twain
Mon Dec 25, 2017 11:10 am
Forum: Personal Consumer Issues
Topic: Photos dark because of sunlight..what free software to enhance
Replies: 27
Views: 1653

Re: Photos dark because of sunlight..what free software to enhane

You took a photo and your subject came out dark because there was also bright sunshine in the field of view? Or you have a print that's degraded over time from exposure to sunlight? Exposure to too much light over too-long periods of time normally causes prints to fade (become lighter), not become ...
by 22twain
Mon Dec 25, 2017 11:06 am
Forum: Investing - Help with Personal Investments
Topic: Buy a home or invest at 5%
Replies: 26
Views: 1713

Re: Buy a home or invest at 5%

quantAndHold wrote:
Mon Dec 25, 2017 10:54 am
At current rates, his mortgage payments would be roughly $1300.
To which must be added taxes, insurance, and maintenance costs. The total would probably be much higher than he is paying in rent now. The biggest variable is probably property taxes, which vary a lot by location.
by 22twain
Mon Dec 25, 2017 10:42 am
Forum: Investing - Help with Personal Investments
Topic: Guidance on Asset Allocation regarding my 403(b) TIAA-CREF retirement account
Replies: 14
Views: 769

Re: Guidance on Asset Allocation regarding my 403(b) TIAA-CREF retirement account

Adding funds randomly doesn't improve your portfolio, and may take it further from your target. To reinforce this: many of these funds overlap with each other. Adding more of them to your portfolio does not increase the diversity of the underlying stocks, which is what really matters. Along with th...
by 22twain
Sun Dec 24, 2017 2:37 am
Forum: Personal Consumer Issues
Topic: Bounty or Kirkland brand
Replies: 25
Views: 2176

Re: Bounty or Kirkland brand

Paper towels are a "meh" sort of thing for me. My wife looks for the cheapest stuff she can get, and I go along with it.

On the other hand, I have been known to comment about toilet paper. That stuff gets personal. :annoyed
by 22twain
Sat Dec 23, 2017 3:22 pm
Forum: Investing - Theory, News & General
Topic: The extended bull market
Replies: 53
Views: 4215

Re: The extended bull market

If any of us has literary aspirations, he/she should channel Samuel Beckett and write a play named "Waiting for the Crash".

As for me, if stocks go up another couple of %, I'll hit the upper edge of my rebalancing band and will act accordingly.
by 22twain
Sat Dec 23, 2017 3:07 pm
Forum: Investing - Theory, News & General
Topic: [Can you retire on] $5mm
Replies: 25
Views: 2741

Re: $5mm

Gill wrote:
Sat Dec 23, 2017 10:07 am
Yes, I would say it's a bit easier than retiring on a $4 million portfolio and much easier than on a $3 million portfolio.
And a helluva lot easier than on a $1 million portfolio. :twisted:
by 22twain
Tue Dec 19, 2017 4:37 pm
Forum: Investing - Theory, News & General
Topic: Who missed out on maximizing 401k?
Replies: 62
Views: 5691

Re: Who missed out on maximizing 401k?

At my former employer, we had to specify our 403(b) deferral as a monthly dollar amount. I was always too lazy to tweak it for just one month, so during the time when I was maxing it out, I was actually $0.04 short per year. :annoyed
by 22twain
Tue Dec 19, 2017 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Are stamps like this legit? They are way below face value.
Replies: 8
Views: 1007

Re: Are stamps like this legit? They are way below face value.

There have been articles in the philatelic press during the past year about increasing numbers of counterfeit US postage stamps being sold online, apparently out of China. For example, see this article in Linn's Stamp News from last March. I think Linn's had another article more recently, but I can'...
by 22twain
Mon Dec 18, 2017 1:20 pm
Forum: Investing - Help with Personal Investments
Topic: How long to hold 80/20 asset allocation
Replies: 34
Views: 3652

Re: How long to hold 80/20 asset allocation

If you rebalance to your target allocation either according to a fixed schedule or when you hit the edge of a rebalancing band, you could simply decrease the target % of stocks by 1% (or whatever) per year. From one year to the next, this change should be psychologically imperceptible, but over 30-4...
by 22twain
Sun Dec 17, 2017 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Terminology: condo vs apartment
Replies: 26
Views: 2123

Re: Terminology: condo vs apartment

A coop apartment (common in NYC, rare elsewhere) They used to be at least "not rare" in South Florida. When my parents first moved to Fort Lauderdale after retiring in the late 1970s, they had an apartment in a co-op building. Then they moved to another co-op. In the 1990s, the residents of that bu...
by 22twain
Fri Dec 15, 2017 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: going to cash w present instability
Replies: 62
Views: 9746

Re: going to cash w present instability

Most or all target retirement funds maintain a fixed stock/bond ratio after a certain age. If one is satisfied with the ratio at that point, and with the underlying investments, why move the money to something else?
by 22twain
Thu Dec 14, 2017 6:51 pm
Forum: Investing - Theory, News & General
Topic: Ensuring I don't buy the dividend
Replies: 28
Views: 1520

Re: Ensuring I don't buy the dividend

Example: 1. You buy a $10 share before the distribution. After the distribution you have a share worth $9.90 and 0.10 paid to you, on which you pay tax. 2. You buy the share after the distribution for $9.90 and owe no tax. In the first example you get some of your money immediately returned to you ...
by 22twain
Tue Dec 12, 2017 1:38 am
Forum: Personal Finance (Not Investing)
Topic: States with tax-friendly policies for dividends/LTCG
Replies: 13
Views: 1653

Re: States with tax-friendly policies for dividends/LTCG

SC gives a 44% deduction on long-term capital gains, which effectively reduces the maximum tax rate on LTCG from 7% to about 3.9%.
by 22twain
Sun Dec 10, 2017 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: Can/Should early retiree avoid ACA tax credits?
Replies: 55
Views: 3681

Re: Can/Should early retiree avoid ACA tax credits?

Epsilon Delta wrote:
Sun Dec 10, 2017 3:58 pm
You could always make a donation to the Treasury to reduce the public debt
Or donate an amount equal to your ACA tax credits, to your favorite charities, over and above the amount that you would have given anyway.
by 22twain
Sun Dec 10, 2017 6:59 pm
Forum: Personal Consumer Issues
Topic: What MPG App Do You Use To Track Fuel Usage ?
Replies: 61
Views: 2563

Re: What MPG App Do You Use To Track Fuel Usage ?

I'm old school. I write it in a paper notebook I keep in the car, and transcribe it to a spreadsheet when I get home. Instead of a paper notebook, I write the odometer reading on the credit card receipt whenever I fill up the tank. When I get home I use the information on the receipt to create anot...
by 22twain
Sun Dec 10, 2017 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: What are your big-picture ‘rules of life’ —financial or otherwise?
Replies: 123
Views: 12829

Re: What are your big-picture ‘rules of life’ —financial or otherwise?

The grass isn't always greener on the other side of the fence, so consider carefully the potential pluses and minuses of jumping over it. Some colleagues/friends of ours in academia left their positions here (even tenured ones) in the hope of improving their situation elsewhere, but found overall im...
by 22twain
Sat Dec 09, 2017 12:03 pm
Forum: Personal Consumer Issues
Topic: Save all this money, what do you splurge on?
Replies: 182
Views: 14816

Re: Save all this money, what do you splurge on?

While pondering a possible overnight Amtrak trip in a few months, I've been thinking of splurging on a sleeping car instead of sitting up in coach.
by 22twain
Sat Dec 09, 2017 1:14 am
Forum: Investing - Help with Personal Investments
Topic: Help! Need to Create an Income Stream for Retirement
Replies: 8
Views: 1646

Re: Help! Need to Create an Income Stream for Retirement

JDavis wrote:
Fri Dec 08, 2017 10:52 pm
I am putting the house on the market
About how much do you expect to get for it?
by 22twain
Mon Dec 04, 2017 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Status Money website - good or bad?
Replies: 5
Views: 1050

Re: Status Money website - good or bad?

The idea of the website is that it crowd source personal financial data, and presents the results to you so you can make better financial decisions. If the results are based only on the responses to the site's poll(s), then the results are worthless because of (self-)selection bias. This is a major...
by 22twain
Sat Dec 02, 2017 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with extra 50k, when, and how?
Replies: 26
Views: 2090

Re: What to do with extra 50k, when, and how?

What's the purpose for putting more of the us and international stocks into taxable accounts AND increasing the bond portion into the tax-advantaged? I don't understand. Thanks! It reduces your taxes. Dividends from bond funds are usually taxed at the same rate as ordinary income, e.g. earnings fro...
by 22twain
Sat Dec 02, 2017 8:53 am
Forum: Personal Finance (Not Investing)
Topic: FIRE [financial independence/retire early]
Replies: 140
Views: 13980

Re: FIRE [financial independence/retire early]

The state owns a liquor store? Which state is this? I bet it's Pennsylvania or Utah, where liquor stores are owned by the state. In North Carolina, they're owned by local ABC boards. In some other states, their operators are contracted by the state. https://en.wikipedia.org/wiki/Alcoholic_beverage_...
by 22twain
Sat Dec 02, 2017 1:07 am
Forum: Personal Finance (Not Investing)
Topic: How my FIL saved for college
Replies: 13
Views: 1776

Re: How my FIL saved for college

As another data point from that period, in the early 1980s I had my savings in a money market fund that for a few months paid interest at an annual rate of about 18%.
by 22twain
Fri Dec 01, 2017 11:11 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Cash
Replies: 14
Views: 1129

Re: 401k Cash

sparky66 wrote:
Fri Dec 01, 2017 10:55 pm
he thinks the market is overvalued and will go down soon.
I bet he didn't put the money in bond funds either because he thinks a "bondpocalypse" is coming soon, because of rising interest rates.
by 22twain
Fri Dec 01, 2017 6:00 pm
Forum: Personal Consumer Issues
Topic: Are plasma TV's gone forever?
Replies: 36
Views: 4623

Re: Are plasma TV's gone forever?

StevieG72 wrote:
Fri Dec 01, 2017 1:44 am
As an added benefit they will heat your home!

These should be a no brainer in cold climates...
Not so great in the hot South, however...
by 22twain
Fri Dec 01, 2017 5:26 pm
Forum: Investing - Help with Personal Investments
Topic: Have you moved to ETF's? Why or why not?
Replies: 33
Views: 2520

Re: Have you moved to ETF's? Why or why not?

I use ETFs, but that's only because I don't hold them at Vanguard. When I started to invest an inheritance several years ago, I went with T. Rowe Price because my father had used them once. After I learned about Bogleheads and Vanguard, I decided to switch to Vanguard index funds to reduce the costs...