Search found 24 matches

by nonurseorpurse
Sun May 20, 2018 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 152
Views: 13415

Re: Helping Adult Children (but not too much)

I love this topic! The Millionaire Next Door was the book that inspired me to contribute to my adult children's Roth IRAs when they started their "real jobs." I didn't want to contribute "economic outpatient care" for life so I contributed $2,000/year for 10 years. This $20,000 each is their inherit...
by nonurseorpurse
Sat Nov 25, 2017 4:30 pm
Forum: Investing - Help with Personal Investments
Topic: Would you keep LTCI or self insure and year end review
Replies: 0
Views: 256

Would you keep LTCI or self insure and year end review

Thanks for your help two years ago when I retired. Time has flown by and it's time again to reassess and determine if I need to keep my long term care insurance policy, pay off my mortgage and re-balance my portfolio. Emergency funds - 2 months Debt - Mortgage $31,361 at 3.75%, resets in July 2018 T...
by nonurseorpurse
Tue May 31, 2016 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Informing your adult kids about your detailed personal finances
Replies: 30
Views: 4898

Re: Informing your adult kids about your detailed personal finances

I totally agree that it is age dependent on the personal information you disclose to your family. I was widowed at age 41 and my deceased husband did not have a will. What a mess! I also agree that part of parenting is teaching your children how to budget and be responsible with money. You can decid...
by nonurseorpurse
Sun Jan 31, 2016 9:17 pm
Forum: Investing - Help with Personal Investments
Topic: Newly retired and need help
Replies: 17
Views: 2202

Re: Newly retired and need help

Debt - Mortgage $35,298 at 2.75%, resets in July 2016 HELOC $28,470 at 4.75% variable If you start investing with anywhere near the old saying of "your age in bonds" then your portfolio would have in the ballpark of 60% of the money invested in bonds that are paying lower interest rates. I would pa...
by nonurseorpurse
Sun Jan 31, 2016 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Newly retired and need help
Replies: 17
Views: 2202

Re: Newly retired and need help

I forgot another account. :oops: HSA - HSABank Cash - $13,692 VTI - $26,958 The 2016 contribution ($4350) will be made as a benefit from my S corp income. This will decrease my total withdrawal from my portfolio for 2016 to $23,695. I will continue to purchase a HSA eligible plan as an individual un...
by nonurseorpurse
Sun Jan 31, 2016 10:39 am
Forum: Investing - Help with Personal Investments
Topic: Newly retired and need help
Replies: 17
Views: 2202

Re: Newly retired and need help

The mortgage deduction has been decreased by 50% this year in Kansas and I may not have enough deductions to itemize. Another consideration for tax planning. You might consider bunching of your itemizable tax deductions to the extent that you can. Charitable contributions and property taxes are two...
by nonurseorpurse
Sun Jan 31, 2016 10:34 am
Forum: Investing - Help with Personal Investments
Topic: Newly retired and need help
Replies: 17
Views: 2202

Re: Newly retired and need help

I can see leaving enough money in cash to use for your yearly withdrawals in case the market tanks. You then wouldn't need to sell your investments in a down market. Keep it stocked with a few years worth of CASH, you can afford it. Yes, I'll keep about 2 years of cash. The first year of retirement...
by nonurseorpurse
Sun Jan 31, 2016 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Newly retired and need help
Replies: 17
Views: 2202

Re: Newly retired and need help

3. How would you rebalance the portfolio to get to the desired 60/40 allocation? Would you use the Total Bond Fund and Total International Bond Fund? Here's one idea. Taxable - Vanguard 10.6% 9.7% Vanguard Total International Stock Index .9% I Bonds 401K --> Vanguard IRA 86% 40.3% Total Stock Index...
by nonurseorpurse
Sun Jan 31, 2016 9:04 am
Forum: Investing - Help with Personal Investments
Topic: Newly retired and need help
Replies: 17
Views: 2202

Re: Newly retired and need help

Have you compared the SS PIA at full retirement age (66?) of the survivor vs your SS to help decide the order which makes the most sense? If you didn't have any retirement savings you might not have a choice, but I think you could do what works best for you long-term. Yes, the SSA gave me the numbe...
by nonurseorpurse
Sun Jan 31, 2016 8:38 am
Forum: Investing - Help with Personal Investments
Topic: Newly retired and need help
Replies: 17
Views: 2202

Re: Newly retired and need help

With the vast majority of your assets in a deferred account I would withdraw from the qualified retirement accounts and keep my income in the 10-15% brackets A key consideration might be to use a mix so as not to greatly reduce your ACA subsidy. However, you really don't have a lot in taxable so yo...
by nonurseorpurse
Sun Jan 31, 2016 8:23 am
Forum: Investing - Help with Personal Investments
Topic: Newly retired and need help
Replies: 17
Views: 2202

Re: Newly retired and need help

Hi nonurseorpurse, I'm sorry for your loss of your Mother. I can't answer your questions, but one thing jumped out at me. You need $26,400 from your $2M+ portfolio. This is a 1.2% withdrawal rate. Why do you want to hold 60% stocks? At 1.2% withdrawal rate you have over 80 years of savings. You cou...
by nonurseorpurse
Sat Jan 30, 2016 9:51 pm
Forum: Investing - Help with Personal Investments
Topic: Newly retired and need help
Replies: 17
Views: 2202

Newly retired and need help

Thank you Boglehead's for your help in dealing with my mom's portfolio. I followed your suggestions and moved her assets to Vanguard from EJ. After her passing, Vanguard made it very easy to distribute her portfolio. Now, it's time to get my portfolio in order. My first day of retirement was 01/01/2...
by nonurseorpurse
Sat Jan 30, 2016 6:05 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2016!
Replies: 266
Views: 47694

Re: Roll Call for the Retirement Class of 2016!

Please add me to the Class of 2016. My last day of work was 12/31/2015, so retirement was official on 01/01/2016!! I've been too busy to post but can now say I "feel" like I'm retired. I totally agree, retirement is AWESOME!!!
by nonurseorpurse
Fri Nov 27, 2015 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly in-laws moving in: what to consider?
Replies: 66
Views: 11605

Re: in-laws moving in

Please consider the physical and emotional aspects of this type of living arrangement above the financial. It sounds like the in-laws have assets to pay for their care and they should use the money for that purpose. I can't stress enough the physical demands that you and your wife will undertake. Pr...
by nonurseorpurse
Tue Apr 07, 2015 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: When to give adult children their inheritance?
Replies: 57
Views: 11899

Re: When to give adult children their inheritance?

Interesting topic and responses. I'm in a similar situation, widowed mother with 2 adult children. When setting up my revocable trust, the inheritance was distributed at different ages. Now that the kids are in their 30s and 40s I revised the trust to distribute assets upon my death. They are both r...
by nonurseorpurse
Sat Jan 03, 2015 9:42 pm
Forum: Investing - Help with Personal Investments
Topic: Another Edward Jones Debacle
Replies: 17
Views: 3830

Re: Another Edward Jones Debacle

Thanks for all your replies. I do have power of attorney along with a sibling. The concentration of utility stocks was my dad's idea. He worked in the industry and wasn't "afraid" of utilities. The EJ adviser indicated he bought the stocks for the dividends when CD rates plummeted. Every year EJ req...
by nonurseorpurse
Sat Jan 03, 2015 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: Another Edward Jones Debacle
Replies: 17
Views: 3830

Another Edward Jones Debacle

My 78 year mother is now in a nursing home. She has not had any interest in managing her money and is not mentally capable at this time. Her deceased husband had their retirement accounts and taxable money "managed" through an Edward Jones adviser. Emergency Funds - $2500 Debt - none Tax Filing Stat...
by nonurseorpurse
Mon Nov 19, 2012 12:30 am
Forum: Investing - Help with Personal Investments
Topic: Allcoation Plan
Replies: 3
Views: 666

Re: Allcoation Plan

Thanks in advance for your help. The wiki pages have been a great source of information and I have re-read many of the suggested books.
by nonurseorpurse
Mon Nov 19, 2012 12:09 am
Forum: Investing - Help with Personal Investments
Topic: [My Fee Only Planner's] Fees are going up!
Replies: 56
Views: 7506

Re: [My Fee Only Planner's] Fees are going up!

Thanks everyone for the replies. I've decided to try the DIY approach to managing my portfolio. The extra fees my current FP is charging are not justified. I'll re-post my portfolio for suggestions.
by nonurseorpurse
Sun Nov 11, 2012 11:28 pm
Forum: Investing - Help with Personal Investments
Topic: [My Fee Only Planner's] Fees are going up!
Replies: 56
Views: 7506

Re: [My Fee Only Planner's] Fees are going up!

This is the first financial planner that I've used. I am a DIY person but needed help coordinating all the pieces of my estate plan. I am comfortable with the way everything is arranged now and do not need the hand holding that I did earlier. My main concerns now are keeping up with changes in tax l...
by nonurseorpurse
Sun Nov 11, 2012 8:39 pm
Forum: Investing - Help with Personal Investments
Topic: [My Fee Only Planner's] Fees are going up!
Replies: 56
Views: 7506

Re: [My Fee Only Planner's] Fees are going up!

Thanks everyone for the responses. I started using an adviser 5 years ago to help with asset allocation and to make an estate plan. I am a do it your self type of person and thought using an adviser would help with the things I had overlooked. I did get value from his suggestions but he has changed ...
by nonurseorpurse
Sun Nov 11, 2012 2:07 am
Forum: Investing - Help with Personal Investments
Topic: [My Fee Only Planner's] Fees are going up!
Replies: 56
Views: 7506

[My Fee Only Planner's] Fees are going up!

My fee only planner for the last 5 years has changed the fee structure of his business and a reasonable $2700/year fee is going to be $6000 next year with an increase to $8400 the following year. The new fee is based on net worth. I will pay for advice on the assets he actually advises but I'm not w...
by nonurseorpurse
Sat Aug 11, 2012 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: Allcoation Plan
Replies: 3
Views: 666

Re: Allcoation Plan

I've edited the post with the rest of the information. My annual expenses are $50K, present accumulation is $1.4 million and I'm contributing the max to a Roth IRA and $70K my defined benefit plan in the next 5 years. Not sure what to do with SS. I can get a survivor's benefit (widowed) after and 60...
by nonurseorpurse
Sat Aug 11, 2012 10:50 am
Forum: Investing - Help with Personal Investments
Topic: Allcoation Plan
Replies: 3
Views: 666

Allcoation Plan

I've decided to do the DIY approach and need help with asset allocation for my portfolio. What are your suggestions? Do I need to simplify? What do you think of my current plan? I have been using a CFP for the last 5 years. I'm self-employed, S corp, $2XX,XXX annual S corp gross income. Emergency Fu...