Search found 380 matches

by MichDad
Wed Dec 12, 2018 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: My PenFed 5 yr CDs are maturing
Replies: 35
Views: 2629

Re: My PenFed 5 yr CDs are maturing

I am thinking about rolling my maturing CD to a one year penfed CD at 2.8%. That's what I think too. Though I'll take $20k out to move to I Bonds. Hey, I did this also. Figure 2.8% is pretty good for a 1year CD. Francis We had some PenFed's five year CDs mature today. We put about half that money i...
by MichDad
Tue Dec 04, 2018 7:21 pm
Forum: Investing - Help with Personal Investments
Topic: Should I transfer from TSP to borkerage IRA?
Replies: 8
Views: 700

Re: Should I transfer from TSP to borkerage IRA?

Here's a link to a very helpful Boglehead thread on transfer bonuses given by various investment companies and banks. This thread allowed my wife and me to collect $3,200 this year with minimal effort.

viewtopic.php?f=10&t=196884

MichDad
by MichDad
Tue Dec 04, 2018 9:20 am
Forum: Investing - Help with Personal Investments
Topic: Should I transfer from TSP to borkerage IRA?
Replies: 8
Views: 700

Re: Should I transfer from TSP to borkerage IRA?

I’m 63 years old. While I haven’t yet decided definitely, I’m inclined to forego Medicare Part B coverage when I turn 65. My GEHA HDHP has been working fine thus far. This will allow me to continue to make large Roth conversions each year. This year, I had a lot of income but I was still able to con...
by MichDad
Mon Dec 03, 2018 8:59 pm
Forum: Investing - Help with Personal Investments
Topic: Where to put "left over" money
Replies: 18
Views: 1819

Re: Where to put "left over" money

I'm retired now. When I was still working (until earlier this year), most of our "extra" money went into a taxable account with Vanguard -- VTSAX. This was after we fully funded our respective 401(k)s, backdoor Roth IRAs, Health Savings Account, Section 529 education accounts, and emergency fund. Ov...
by MichDad
Mon Dec 03, 2018 8:26 pm
Forum: Investing - Help with Personal Investments
Topic: Should I transfer from TSP to borkerage IRA?
Replies: 8
Views: 700

Re: Should I transfer from TSP to borkerage IRA?

I retired under FERS just over seven months ago with a very high TSP account balance. Most of my TSP is in the G Fund -- enough to cover all my basic and discretionary expenses, such as travel, gifts, and eating out, beyond the time I turn age 70 and begin to collect Social Security. Next September,...
by MichDad
Thu Nov 29, 2018 4:38 pm
Forum: Investing - Theory, News & General
Topic: TSP Unveils Plans for Expanding Withdrawal Options
Replies: 27
Views: 2270

Re: TSP Unveils Plans for Expanding Withdrawal Options

The lack of the ability to make in-plan Roth conversions will cause me to withdraw hundreds of thousands of dollars more from the TSP next September than I would have otherwise withdrawn had they permitted in-plan Roth conversions. I don’t know why this is such a big deal. My Vanguard 401k doesn’t ...
by MichDad
Wed Nov 28, 2018 2:36 pm
Forum: Investing - Theory, News & General
Topic: TSP Unveils Plans for Expanding Withdrawal Options
Replies: 27
Views: 2270

Re: TSP Unveils Plans for Expanding Withdrawal Options

Approximately three years ago, the staff of the Federal Retirement Thrift Investment Board recommended that the FRTIB allow TSP participants to make in-plan Roth conversions. About a year later, the staff backtracked and decided against Roth conversions. I asked them about this policy change and was...
by MichDad
Thu Nov 08, 2018 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: TSP(401k?) to IRA to ROTH - questions
Replies: 30
Views: 1241

Re: TSP(401k?) to IRA to ROTH - questions

The FRTIB is way behind in posting its monthly minutes on its website. They still haven't posted their minutes from July, August, and September. [I'll cut them a break for October.] It's not very professional, in my opinion. Anyway, please take a look at the FRTIB's minutes from its May 30, 2018 mee...
by MichDad
Thu Nov 08, 2018 10:47 am
Forum: Investing - Help with Personal Investments
Topic: TSP(401k?) to IRA to ROTH - questions
Replies: 30
Views: 1241

Re: TSP(401k?) to IRA to ROTH - questions

I'm late to this thread but want to join the chorus. I'm a retired federal employee (FERS) with a substantial TSP balance. Here's my advice: 1. Fire your advisor. He (or she) is charging way too much. You can read up on these issues on this forum and do 90 percent of what you need to do without the ...
by MichDad
Sat Nov 03, 2018 10:03 am
Forum: Investing - Theory, News & General
Topic: TSP progress on 2-factor authentication announced
Replies: 3
Views: 564

Re: TSP progress on 2-factor authentication announced

Has anyone heard how they are progressing on rolling out the new TSP withdrawal options? I received an email from an employee at the TSP in mid to late October that the Federal Retirement Thrift Investment Board remains on track to implement its liberalized TSP withdrawal rules by September 2019. M...
by MichDad
Tue Oct 30, 2018 2:04 pm
Forum: Investing - Theory, News & General
Topic: Why I'm 100% stocks
Replies: 149
Views: 17400

Re: Why I'm 100% stocks

I started investing for retirement in 1987 at age 32, shortly after I purchased my house. For thirty years, I dollar cost averaged into a 100 percent domestic and international equities portfolio both for myself and for my wife's retirement portfolio. During this period we owned no bonds (except for...
by MichDad
Tue Oct 23, 2018 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 658
Views: 83557

Re: How much money do you want to retire?

Not sure - I never actually met anyone who retired truly voluntarily.... You're kidding, right? Not kidding... I don't personally know anyone who retired truly voluntarily. I'm sure they exist, but not among the retired people I actually know. The ones I know all retired because they pretty much ha...
by MichDad
Tue Oct 09, 2018 7:45 am
Forum: Investing - Help with Personal Investments
Topic: Rolling INTO TSP? [Thrift Savings Plan]
Replies: 12
Views: 1211

Re: Rolling INTO TSP? [Thrift Savings Plan]

The much needed liberalization of the strict TSP withdrawal rules are scheduled to take effect in September 2019, eleven months from now.

MichDad
by MichDad
Sun Oct 07, 2018 11:42 am
Forum: Investing - Help with Personal Investments
Topic: Rolling INTO TSP? [Thrift Savings Plan]
Replies: 12
Views: 1211

Re: Rolling INTO TSP?

You cannot roll Roth IRAs into the TSP.

MichDad
by MichDad
Sat Sep 29, 2018 4:54 am
Forum: Investing - Help with Personal Investments
Topic: Help! Federal Employee Financial advisors?? FFEBA? ChFEBC?
Replies: 6
Views: 686

Re: Help! Federal Employee Financial advisors?? FFEBA? ChFEBC?

Hi Gelsomina, Welcome to the forum! I'm a recently retired federal employee with a FERS pension, a very large TSP balance, and a lot of Roth IRA savings. You're clearly doing quite well with savings and no or minimal debt. I think you could probably do quite well without paying for "professional" ad...
by MichDad
Tue Sep 18, 2018 4:58 am
Forum: Investing - Help with Personal Investments
Topic: TSP to Roth IRA Tax Strategy (Post Retirement)
Replies: 31
Views: 2128

Re: TSP to Roth IRA Tax Strategy (Post Retirement)

The Federal Retirement Thrift Investment Board announced a few months ago that it expected to implement the liberalized withdrawal rules in September 2019, about one year from now. I’m trying to wait until then before I begin making Roth conversions from my TSP account. In the meantime, we’re making...
by MichDad
Wed Aug 29, 2018 6:18 pm
Forum: Investing - Help with Personal Investments
Topic: TSP G fund as only bond fund
Replies: 74
Views: 8572

Re: TSP G fund as only bond fund

I'm a retired federal employee. From 1987 (when the TSP began) until 2017 (30 years), I invested only in the C, S, and I Funds (except for the 1987-88 period when federal employees were required to invest at least part of our TSP contributions into the G Fund). In 2017, in anticipation of retirement...
by MichDad
Wed Aug 01, 2018 6:51 am
Forum: Personal Consumer Issues
Topic: Do You Purchase "Medical Evacuation Insurance" When You Travel?
Replies: 176
Views: 10324

Re: Do You Purchase "Medical Evacuation Insurance" When You Travel?

I retired a few months ago and am traveling outside the US with my wife for a few months. I purchased a regular annual family policy from Medjet Assist before we left. As a retired federal employee, I chose a health plan that covers us internationally.

MichDad
by MichDad
Thu May 24, 2018 6:39 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1349
Views: 228696

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

For straight cash with 100k, the TD Ameritrade deal is probably the best at $500. https://www.tdameritrade.com/offer/tdbankoffer/index.html This is perfect. Thank you very much! MichDad Did Schwab give you the bonus? I'm asking them to match at the $1000 level for a rollover. Not planning on churni...
by MichDad
Fri May 18, 2018 10:49 am
Forum: Investing - Help with Personal Investments
Topic: Should I Pay Off My Mortgage When I Retire?
Replies: 49
Views: 4158

Re: Should I Pay Off My Mortgage When I Retire?

Does it really matter? The small loan amount, low interest rate and short term say - dont payoff. Basically, I took a little over $20,000 from a bank money market account earning 1.74% APY and paid off the remaining balance on our 2.49% mortgage. I have over $50,000 in the bank money market after h...
by MichDad
Wed May 16, 2018 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Pay Off My Mortgage When I Retire?
Replies: 49
Views: 4158

Re: Should I Pay Off My Mortgage When I Retire?

This is an update from the OP.

I retired on March 31st. Earlier this month, I paid off our mortgage (about ten months early). My sleeping habits haven't changed.

MichDad
by MichDad
Wed May 16, 2018 6:11 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2018!
Replies: 332
Views: 48224

Re: Roll Call for the Retirement Class of 2018!

17 more paychecks (and TSP deposits) for meeee... Bayview, Don't stay on the job if making TSP contributions is your only hurdle. I retired on March 31st and compressed my full $24,500 in TSP contributions into the eight pay periods I had in 2018. If you'd like, you can accelerate your TSP contribu...
by MichDad
Fri May 11, 2018 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Help With Insurance Needs While Living Abroad
Replies: 7
Views: 827

Help With Insurance Needs While Living Abroad

My wife and I are recently retired US citizens. We're maintaining our US house and residence and our existing homeowner's insurance policy. We're planning to do extensive traveling abroad over the next few years. It's possible we'll be outside the US more than in country beginning in 2019. This year...
by MichDad
Tue May 01, 2018 10:35 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1349
Views: 228696

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

Earl Lemongrab wrote:
Tue May 01, 2018 7:23 pm


For straight cash with 100k, the TD Ameritrade deal is probably the best at $500.

https://www.tdameritrade.com/offer/tdba ... index.html
This is perfect. Thank you very much!

MichDad
by MichDad
Tue May 01, 2018 5:46 pm
Forum: Investing - Theory, News & General
Topic: The Final, Definitive Thread on Brokerage Transfer Bonuses
Replies: 1349
Views: 228696

Re: The Final, Definitive Thread on Brokerage Transfer Bonuses

I'm moving just over $100,000 into a new Schwab Roth IRA account. The Schwab representative has told me that they'll match any monetary offer by another firm so long as I can send them a link. I'd greatly appreciate it if fellow Bogleheads can point me to a current cash offer that matches our condit...
by MichDad
Mon Mar 26, 2018 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Kiplingers Retirement Report
Replies: 17
Views: 3806

Re: Kiplingers Retirement Report

Let me apologize in advance if this sounds like a rant. It’s not meant to be. I subscribed to Kiplinger’s for several years. A few years ago, Kiplinger’s starting running full page advertisements for a scam artist who purported to have a system guaranteed to earn his adherents high percentage gains ...
by MichDad
Fri Mar 23, 2018 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Present Value of a FERS Pension with a Spousal Benefit
Replies: 7
Views: 1094

Re: Present Value of a FERS Pension with a Spousal Benefit

In your original post, you set the spousal benefit at 50% of the unreduced amount, MichDad. I believe it should be 50% of the reduced amount so I'll use $29,550 ($2,462/mo) instead of the $32,800 in your original post. It's 50% of the unreduced amount. #Cruncher, rkhusky is correct. My wife's survi...
by MichDad
Tue Mar 20, 2018 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Present Value of a FERS Pension with a Spousal Benefit
Replies: 7
Views: 1094

Re: Present Value of a FERS Pension with a Spousal Benefit

What is the basis for the Life Expectancy tables you cite? I see the note that the data comes from the US Census and SSA, but do you have any more detail? My understanding is that Mortality tables for pension calculations can vary widely. I need to make a similar valuation myself soon. I provided a...
by MichDad
Tue Mar 20, 2018 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Present Value of a FERS Pension with a Spousal Benefit
Replies: 7
Views: 1094

Present Value of a FERS Pension with a Spousal Benefit

I’m hoping Bogleheads steeped in math or finance will help calculate the present value of my Federal Employees Retirement System pension, bearing in mind that it has a spousal benefit. Here are the numbers I think are relevant. If there are others, please let me know and I’ll provide them. I’m the a...
by MichDad
Mon Mar 12, 2018 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation once you've passed your "number"
Replies: 41
Views: 4004

Re: Asset Allocation once you've passed your "number"

When I passed my number two or three years ago, I made no changes. However, a year ago, after 30 years of investing only in US and international equities (no bonds), I finally moved ~35 percent of our combined retirement portfolio into the TSP G Fund and kept the rest in US and international equitie...
by MichDad
Mon Feb 26, 2018 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Pay Off My Mortgage When I Retire?
Replies: 49
Views: 4158

Re: Should I Pay Off My Mortgage When I Retire?

Can you increase any tax deferred contributions for the next 12 months with the monthly amount ($1500?) going to mortgage ?(assuming you pay it off). Then you save more on taxes this year and some next by reducing your taxable income. By the time I retire on March 31st, I'll have fully funded my TS...
by MichDad
Mon Feb 26, 2018 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Pay Off My Mortgage When I Retire?
Replies: 49
Views: 4158

Re: Should I Pay Off My Mortgage When I Retire?

MichDad, curious what you decided now that you approach that retirement finish line. Are you paying off the $22K mortgage? That's a good question. I haven't yet paid it off. I remain torn by this. I think under the new tax law, my interest payments, low as they are, are not deductible in our situat...
by MichDad
Mon Feb 26, 2018 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Federal Employees, leading up to retirement?
Replies: 117
Views: 10339

Re: Federal Employees, leading up to retirement?

I'll be retiring on March 31, 2018 as a FERS annuitant with over 35 years of service, over age 62, with well over a year of unused sick leave. I accelerated my TSP contributions so that I'll contribute $24,500 to my Roth TSP in the eight pay periods my agency has between January 2nd and March 31st. ...
by MichDad
Thu Feb 15, 2018 8:35 am
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge -- Please Help Me Identify Low Expense Funds
Replies: 2
Views: 398

Merrill Edge -- Please Help Me Identify Low Expense Funds

I'm about to move two Roth asset accounts from Vanguard and Fidelity to Merrill Edge's self-directed platform in part to take advantage of a $900 per account promotion (one for me and one for my wife). I'd appreciate recommendations of very low expense ETFs or mutual funds available at ME that seek ...
by MichDad
Tue Feb 13, 2018 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge - Platinum Honors
Replies: 31
Views: 5405

Re: Merrill Edge - Platinum Honors

Merrill has a great setup if you're fine to use ETFs which I think a significant amount do anyway. With $50k combined balance (which includes BofA accounts) you get free trades per month. At $100k, you are in line to get the free trades and also a great credit card (after 90 days) with BofA at 2.62...
by MichDad
Thu Feb 08, 2018 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: HSA...let me get this straight
Replies: 36
Views: 4436

Re: HSA...let me get this straight

I keep one shoe box for each year. In it, I'm putting all of my health insurance company's EOBs, health provider and pharmacy invoices, and credit card receipts to the extent I have them and can remember to save them. Don't forget about using HSA monies to pay for Long Term Care Insurance premiums. ...
by MichDad
Tue Feb 06, 2018 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Improving the TSP [for current participants]
Replies: 262
Views: 43406

Re: Improving the TSP [for current participants]

I believe that is true. If it were permitted, it would be big news.

MichDad
by MichDad
Tue Jan 23, 2018 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: Am I being greedy?
Replies: 51
Views: 6847

Re: Am I being greedy?

I have a COLAed pension also, and my husband has a partially-COLAed one. It is important to acknowledge that it is relatively easy to maintain a very high equity exposure, even as you get close to retirement, when you will have SS and a significant COLAed pensions in retirement. This is especially ...
by MichDad
Tue Jan 23, 2018 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: Am I being greedy?
Replies: 51
Views: 6847

Re: Am I being greedy?

I have been effectively 100% in stocks since I started in 1987, so I obviously don't have any problem with the concept. This statement though does give me pause: With that said, I can't help but always wanting to reach the next milestone. I have a sense that this "want" will never go away and that ...
by MichDad
Wed Dec 20, 2017 1:49 am
Forum: Personal Finance (Not Investing)
Topic: Improving the TSP [for current participants]
Replies: 262
Views: 43406

Re: Improving the TSP [for current participants]

I recently received an email from Kim Weaver, Director of External Affairs at the Federal Retirement Thrift Investment Board, with the following text: "The TSP does not require a legislative change to allow different withdrawals from traditional TSP vs. the Roth TSP. A legislative change is not need...
by MichDad
Tue Nov 28, 2017 8:36 am
Forum: Personal Finance (Not Investing)
Topic: How to best fund a second home from 401K/IRA??
Replies: 11
Views: 876

Re: How to best fund a second home from 401K/IRA??

Diogenes, I'm close to retirement and am thinking of doing something similar. We're just starting to look at properties and won't pull the trigger until we find exactly what we want. I've also been considering our payment options for the new foreign property. I first want to explore obtaining a mort...
by MichDad
Tue Nov 28, 2017 12:55 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Calculation Question
Replies: 19
Views: 1853

Re: Social Security Calculation Question

rkhusky wrote:
Mon Nov 27, 2017 2:56 pm
At 70, the cost will be about $180/yr.
Thank you, rkhusky. That is the information I was seeking when I began this thread.

MichDad
by MichDad
Mon Nov 27, 2017 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Calculation Question
Replies: 19
Views: 1853

Re: Social Security Calculation Question

Admiral, diy60, and rkhusky, As one former President was fond of saying, "Let me be perfectly clear." Unless the sky falls or a black swan swims into me, I'll begin to collect my Social Security benefits when I turn 70. The purpose of my original question was only to see how much of a penalty I'll s...
by MichDad
Mon Nov 27, 2017 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Calculation Question
Replies: 19
Views: 1853

Re: Social Security Calculation Question

Are these numbers for taking it at 62? Because they seem to be quite low if you are taking it at your FRA. It should be close to or more than about 3000 per month at FRA when you have had maximal wages. I didn't see a clear statement on this. It looked to me, since I'm now 62 years old and eligible...
by MichDad
Mon Nov 27, 2017 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Calculation Question
Replies: 19
Views: 1853

Re: Social Security Calculation Question

Looks like the SS online Anypia calculator should be pretty quick to use. You could just paste in the same big number over the maximum (e.g. the same $127,200) for all the inputs (case 1), and then for case 2 change the 199x year to your actual 72% of max earnings. https://www.ssa.gov/planners/reti...
by MichDad
Mon Nov 27, 2017 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Calculation Question
Replies: 19
Views: 1853

Re: Social Security Calculation Question

You don't have to guess at anything. Go to www.ssa.gov and login and see what SSA has for you. I thought the problem with using my personal benefits statement is that the SSA assumes I'll keep working until I reach my full retirement age. The problem with that is it will substitute my one year of 7...
by MichDad
Mon Nov 27, 2017 6:08 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Calculation Question
Replies: 19
Views: 1853

Social Security Calculation Question

I'd appreciate help with my Social Security benefits calculation. When I retire next year, I'll likely have 34 years of having earned more than the maximum Social Security wage base amount. For example, for this year, I'll earn greater than $127,200. My only year at less than the maximum Social Secu...
by MichDad
Fri Nov 24, 2017 8:27 am
Forum: Investing - Help with Personal Investments
Topic: Should I Pay Off My Mortgage When I Retire?
Replies: 49
Views: 4158

Re: Should I Pay Off My Mortgage When I Retire?

Personally, I'd pay it off and be done with it. But more importantly, what does your wife think? I was waiting for that question. She lets me handle all the financial stuff so she'll quite willingly defer to me. However, if it were her decision with no input from me, I'm pretty sure she'd want to p...
by MichDad
Fri Nov 24, 2017 7:44 am
Forum: Investing - Help with Personal Investments
Topic: Should I Pay Off My Mortgage When I Retire?
Replies: 49
Views: 4158

Re: Should I Pay Off My Mortgage When I Retire?

How much cash would you have left in savings account, if you did choose to withdraw and pay off house? The cash account is probably yielding less than after-tax cost of mortgage. I’d pay it off, if I had enough cash in account to meet needs. It would probably reduce my cash on hand by about 70 perc...