Search found 257 matches

by matonplayer
Tue Apr 07, 2020 4:17 pm
Forum: Investing - Theory, News & General
Topic: Hope you weren't born in 1960
Replies: 63
Views: 10692

Re: Hope you weren't born in 1960

So if I was born in 1960 but retired several years ago, are future SS earnings at risk as well? My W-2 income for 2020 will be zero.
by matonplayer
Tue Apr 07, 2020 1:05 pm
Forum: Investing - Theory, News & General
Topic: Is AGG considered a "safe" bond etf?
Replies: 5
Views: 465

Re: Is AGG considered a "safe" bond etf?

Thanks for the input. My investing plan calls for 25x expenses in fixed income (currently AGG, CDs, high yield savings and TSP G Fund) and then anything above that is invested 60/40. Total portfolio is around 35x expenses so I know I should SWAN but I've struggled to do so this past month.
by matonplayer
Tue Apr 07, 2020 12:04 pm
Forum: Investing - Theory, News & General
Topic: Is AGG considered a "safe" bond etf?
Replies: 5
Views: 465

Is AGG considered a "safe" bond etf?

Reason I'm asking is that I'm a relatively young retiree. I try and follow Bill Bernstein's advice to have 25X expenses in "safe" instruments, but if "safe" means short term T-bills and the like, then that 25X in T-bills doesn't generate enough income to live on. AGG has a significant portion of its...
by matonplayer
Fri Mar 13, 2020 6:07 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing into stocks when they fall is unrealistic
Replies: 126
Views: 10588

Re: Rebalancing into stocks when they fall is unrealistic

As an early retiree I thought long and hard about this issue and came up with a compromise. I'll rebalance my 40/60 portfolio both ways but will never drop my bond/cash allocation below a certain fixed amount (inflation adjusted) so I won't ever have to worry about living under a bridge someplace.
by matonplayer
Mon Mar 09, 2020 9:35 am
Forum: Investing - Theory, News & General
Topic: Rebalancing in retirement
Replies: 6
Views: 430

Re: Rebalancing in retirement

I can't remember where I read it. The gist was that you should only rebalance into bonds after one retires since you no longer have personal capital (i.e. no longer working) and in the event of a Japan-type multi-decade downturn you could potentially rebalance your portfolio down to zero.
by matonplayer
Mon Mar 09, 2020 9:01 am
Forum: Investing - Theory, News & General
Topic: Rebalancing in retirement
Replies: 6
Views: 430

Rebalancing in retirement

So what's the current thinking as to rebalancing into stocks after one retires? I remember reading once that rebalancing into stocks after retirement wasn't a great idea because if you have a prolonged steady decline you could rebalance to the point where you don't have enough assets to live on. I c...
by matonplayer
Sun Mar 08, 2020 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Trust and K-1 question
Replies: 2
Views: 195

Re: Trust and K-1 question

Thanks. I kind of suspected but wasn't sure.

Stan
by matonplayer
Sun Mar 08, 2020 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Trust and K-1 question
Replies: 2
Views: 195

Trust and K-1 question

My wife's father passed away last year and upon his death a personal asset trust was created for each of his children to hold his assets, with my wife's inherited assets held in a Vanguard account. My wife is both the fiduciary and the sole beneficiary of the trust. But since the value of the assets...
by matonplayer
Fri Feb 07, 2020 7:17 pm
Forum: Personal Investments
Topic: Where to hold VWIAX outside VG?
Replies: 9
Views: 637

Re: Where to hold VWIAX outside VG?

We recently transferred VWIAX from Vanguard to TD Ameritrade with no problem.
by matonplayer
Wed Oct 30, 2019 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Dissolving a personal asset trust
Replies: 2
Views: 387

Re: Dissolving a personal asset trust

Thanks. I suspected as much but it's nice to have confirmation.
by matonplayer
Wed Oct 30, 2019 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Dissolving a personal asset trust
Replies: 2
Views: 387

Dissolving a personal asset trust

My DW recently received an inheritance from her father via a personal asset trust. The amount in the trust is a very small percentage of our total assets so we would just like to dissolve it, as my wife is not concerned about asset protection from creditors and I don't want the hassle of filing an i...
by matonplayer
Thu Sep 05, 2019 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Personal asset trust question
Replies: 2
Views: 467

Re: Personal asset trust question

Thanks for all that. I wasn't expecting such a thorough response. :)
by matonplayer
Sat Aug 31, 2019 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Personal asset trust question
Replies: 2
Views: 467

Personal asset trust question

My father-in-law passed away late last year and his estate was set up such that the proceeds upon his death would be distributed via a personal asset trust for each of his children. So my wife now has $100K or so sitting in this trust, which is less than 2% of our net worth. She was on a conference ...
by matonplayer
Mon Jul 17, 2017 7:34 am
Forum: Personal Consumer Issues
Topic: Anyone have a second home in The NC mountains?
Replies: 25
Views: 4127

Re: Anyone have a second home in The NC mountains?

We live full time on a golf community in Hendersonville. You couldn't pay me to live anywhere else. Mild climate, friendly people, and all the arts and music you could want 30 minutes up the road in Asheville. We love it here.
by matonplayer
Wed Apr 05, 2017 10:06 am
Forum: Personal Consumer Issues
Topic: What to do with wine cellar and hardware
Replies: 7
Views: 925

Re: What to do with wine cellar and hardware

Do you really need to re-purpose the space? Maybe it's a small business opportunity to store wine for others (personal/commercial). What percentage of the whole house is the wine cellar? Keeping the wine cellar may be an advantage in selling down the road. Not interested in storing wine for others,...
by matonplayer
Wed Apr 05, 2017 9:29 am
Forum: Personal Consumer Issues
Topic: What to do with wine cellar and hardware
Replies: 7
Views: 925

What to do with wine cellar and hardware

We just bought a house with a 11x17 wine cellar. It has are extensive (and expensice) built-in redwood wine racks and two separate wine cellar cooling systems. My guess is that the racks and the cooling systems probably cost 20K. We're not big wine drinkers and I want to repurpose the room. It kills...
by matonplayer
Thu Mar 02, 2017 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Pros and cons of a mortgage
Replies: 10
Views: 1694

Re: Pros and cons of a mortgage

Thanks for the responses. To answer one of them, my plan would be to sell 1.3M in assets. Most would be from bond funds so cap gains are at a minimum and I have some losses rolled over from previous years to offset the gains.
by matonplayer
Thu Mar 02, 2017 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Pros and cons of a mortgage
Replies: 10
Views: 1694

Re: Pros and cons of a mortgage

Carefreeapp, I don't see needing to spend any more than $50K or so for improvements. Thanks for the HELOC idea, though. Will probably open one.
by matonplayer
Thu Mar 02, 2017 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Pros and cons of a mortgage
Replies: 10
Views: 1694

Re: Pros and cons of a mortgage

Bigred, thanks. Most of our savings are in taxable so no need to raid tax-deferred accounts. Our expenses last year were around $12K/month and DW has a $44K pension so I agree that we can afford it. It's just been a challenge transitioning from saving to spending. :)
by matonplayer
Thu Mar 02, 2017 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Pros and cons of a mortgage
Replies: 10
Views: 1694

Pros and cons of a mortgage

My DW and I are recently retired, ages 58 and 56. Our investment portfolio is approximately $7M. We own our home free and clear which is valued at around $800K. We're currently looking at a house in the $1.3M range. In trying to decide if there is any advantage to financing the difference as opposed...
by matonplayer
Sat Jan 07, 2017 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA question
Replies: 2
Views: 619

Inherited IRA question

My mom recently passed away. She owned a CD in an IRA account worth around $6K. My two brothers and I are the beneficiaries. My oldest brother believes that the contributions to the IRA were after tax, but we can't find any evidence that a Form 8606 was ever filed. Am I correct in assuming that our ...
by matonplayer
Mon Jan 02, 2017 8:51 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 360
Views: 56936

Re: Whats your number to walk away?

Sold my biz in 2012 at age 52 and walked away. $6.5M including what we had saved prior to 2012.
by matonplayer
Mon Jan 02, 2017 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Help with S Corp nuts and bolts
Replies: 13
Views: 1738

Re: Help with S Corp nuts and bolts

I would advise not doing payroll yourself. I tried it with a three person company and it was a nightmare trying to do it without screwing up. As far as distributions go, our board of directors (my wife and I) would meet annually and determine an annual distribution which was then documented in our a...
by matonplayer
Thu Dec 29, 2016 1:13 pm
Forum: Personal Investments
Topic: Looking for AA recommendations
Replies: 1
Views: 251

Looking for AA recommendations

Our current situation is: I'm 56, spouse is 58. Both recently retired. Spouse gets a $44K annual pension until age 62, then pension drops to $26K. No debts. Current plan is for spouse to take SS at 62 and I defer until 70. Approximately 6.7M in investments (all low cost index funds and ETFs), of whi...
by matonplayer
Mon Dec 05, 2016 9:35 am
Forum: Personal Consumer Issues
Topic: Relocation to Asheville, NC
Replies: 14
Views: 2539

Re: Relocation to Asheville, NC

We live in a golf community (Champion Hills) in Hendersonville, NC, about 30 minutes south of Asheville. We retired here in 2014 from the DC area. We love it. As frequent live music and arts patrons, the music and arts venues between Asheville and Greenville SC are incredible. We just saw An America...
by matonplayer
Mon Nov 07, 2016 5:00 pm
Forum: Personal Consumer Issues
Topic: Which state to move for milder weather
Replies: 118
Views: 19946

Re: Which state to move for milder weather

We did research on weather in the US before retiring from the DC area two years ago. One meteorologist said that if you eliminate CA from the equation (which clearly has the best weather in the US) then the Asheville NC area has the most temperate weather in the country. We live about thirty minutes...
by matonplayer
Sat Sep 17, 2016 6:25 pm
Forum: Personal Consumer Issues
Topic: Recommendations for External Hard Drive
Replies: 50
Views: 6168

Re: Recommendations for External Hard Drive

My 3TB WD MyCloud external hard drive failed after six months. Fortunately I had everything backed up to another external drive. Not terribly impressed.
by matonplayer
Mon Sep 12, 2016 8:13 am
Forum: Personal Consumer Issues
Topic: Recommended Acoustic Guitars Under $1,000
Replies: 27
Views: 4907

Re: Recommended Acoustic Guitars Under $1,000

Why the solid wood requirement? Taylor makes some nice guitars with solid wood tops and laminate back and sides under $1000. I would much rather have a well made laminate guitar than a cheaply made solid wood guitar.
by matonplayer
Fri Jul 22, 2016 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirees, how much did you leave on the table?
Replies: 355
Views: 36117

Re: Early retirees, how much did you leave on the table?

We recently retired at mid 50s. If we had worked another ten years our portfolio would probably be 20 percent larger than it will be. But we have more than enough.
by matonplayer
Wed Jul 06, 2016 8:52 pm
Forum: Personal Consumer Issues
Topic: Advice- relocating back to DC metro area from Charlotte, nc
Replies: 4
Views: 633

Re: Advice- relocating back to DC metro area from Charlotte, nc

We moved eighteen months ago from the DC area to retire near Asheville. You couldn't pay me enough to move back there. But I can't comment on life in Charlotte.
by matonplayer
Mon Jul 04, 2016 4:48 pm
Forum: Personal Consumer Issues
Topic: How to negotiate result of big item home inspection
Replies: 54
Views: 10754

Re: How to negotiate result of big item home inspection

I'd politely ask for 10K off the price and see if the owner counters. If I really liked the house 10K for new appliances wouldn't keep me from buying it.
by matonplayer
Wed Apr 27, 2016 2:05 pm
Forum: Personal Consumer Issues
Topic: Should I accept this offer on my house?
Replies: 52
Views: 5235

Re: Should I accept this offer on my house?

What will it cost you in taxes, insurance, and maintenance if it took another eight months to sell?
by matonplayer
Mon Apr 25, 2016 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Should I Sign This Non-Solicitation Agreement Can This Backfire on Me
Replies: 24
Views: 3233

Re: Should I Sign This Non-Solicitation Agreement Can This Backfire on Me

Concur with most of the opinions. Non-competes are very state-specific. That said, I think #1 would likely be unenforceable due to the lack of a time provision. It shouldn't cost more than a couple of hundred bucks to get a lawyer to review.

#2 is pretty standard.
by matonplayer
Thu Apr 07, 2016 2:24 pm
Forum: Personal Consumer Issues
Topic: Paying for kid's graduate school?
Replies: 49
Views: 5777

Re: Paying for kid's graduate school?

OP here. We decided to pay for one year of his Master's and he is responsible for the other. It wasn't an easy decision but I think it was the right one for us. Thanks for all the input.
by matonplayer
Tue Apr 05, 2016 10:01 pm
Forum: Personal Consumer Issues
Topic: Paying for kid's graduate school?
Replies: 49
Views: 5777

Re: Paying for kid's graduate school?

A big question is if you can afford to retire today or not. If not then you may not be to the point where you can really afford this yet. If things go well then you could help him pay off his student loans later when your finances are all set for you to retire. I don't know many of the details but ...
by matonplayer
Tue Apr 05, 2016 7:05 pm
Forum: Personal Consumer Issues
Topic: Paying for kid's graduate school?
Replies: 49
Views: 5777

Re: Paying for kid's graduate school?

OP here. Thanks for all the feedback. My instinct was to help him out and I'm glad others would do the same.
by matonplayer
Tue Apr 05, 2016 5:12 pm
Forum: Personal Consumer Issues
Topic: Paying for kid's graduate school?
Replies: 49
Views: 5777

Re: Paying for kid's graduate school?

He's told me that schools are begging for doctoral assistanship candidates in his field. He'll go to wherever he can get a free ride.
by matonplayer
Tue Apr 05, 2016 5:03 pm
Forum: Personal Consumer Issues
Topic: Paying for kid's graduate school?
Replies: 49
Views: 5777

Paying for kid's graduate school?

Moderators, if this issue is off topic I understand. My son has recently graduated with a degree in music composition. His goal is to earn his doctorate and teach at the college level. He's been accepted to two graduate schools - one is a state school with a decent music program, the other is one of...
by matonplayer
Sat Mar 19, 2016 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirees - What triggered you to retire?
Replies: 97
Views: 16713

Re: Early Retirees - What triggered you to retire?

Retired at 52 after selling a small business. My dad died at 65 after having less than a year of retirement. Life is too short.
by matonplayer
Fri Mar 18, 2016 8:45 am
Forum: Personal Investments
Topic: 28 year old, $6mm, how to retire?
Replies: 71
Views: 17559

Re: 28 year old, $6mm, how to retire?

It depends on the individual. If 80% equity is too aggressive and the persons may capitulate in a bear market, then more in bonds makes sense. If it doesn't matter, then more bonds now and less in stocks means less cash flow down the road. Dividends increase over time. Interest stays the same (roug...
by matonplayer
Mon Mar 14, 2016 5:31 pm
Forum: Investing - Theory, News & General
Topic: SPIAs and safe withdrawal rates
Replies: 18
Views: 2965

Re: SPIAs and safe withdrawal rates

Thanks for all of the replies. I guess my idea wasn't so great after all. :)
by matonplayer
Sun Mar 13, 2016 6:56 pm
Forum: Investing - Theory, News & General
Topic: SPIAs and safe withdrawal rates
Replies: 18
Views: 2965

Re: SPIAs and safe withdrawal rates

Good point about the inflation perspective.

In my case there was no negligible difference in the payout rate between a vanilla SPIA and the 20 year certain one.
by matonplayer
Sun Mar 13, 2016 6:47 pm
Forum: Investing - Theory, News & General
Topic: SPIAs and safe withdrawal rates
Replies: 18
Views: 2965

SPIAs and safe withdrawal rates

I had an idea this week regarding safe withdrawal rates and wanted some input. Would it be possible to calculate a safe withdrawal rate based on current SPIA rates? In other words, could one somehow calculate the value of the mortality credits and subtract it from the SPIA payout rate? In my case, I...
by matonplayer
Mon Mar 07, 2016 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Roommate issue
Replies: 18
Views: 3422

Re: Roommate issue

I think the only circumstance where he would consider suing is if they move out and he has to pay the entire rent payment. Hopefully they can all work something out.
by matonplayer
Mon Mar 07, 2016 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Income tax preparation cost?
Replies: 32
Views: 3778

Re: Income tax preparation cost?

I contacted them and they agreed to knock 15% off of the bill. Lesson learned. I should be able to use TurboTax for the foreseeable future though.
by matonplayer
Mon Mar 07, 2016 5:07 am
Forum: Personal Finance (Not Investing)
Topic: Roommate issue
Replies: 18
Views: 3422

Re: Roommate issue

Thanks for all the replies. My son is 24 and his roommates are of similar age. According to him, his roommates are "neat freaks" - his term - and had issues with his leaving dirty dishes in the sink. I asked him if they had mentioned their concerns before and he said only in an indirect manner. He s...
by matonplayer
Sun Mar 06, 2016 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Roommate issue
Replies: 18
Views: 3422

Re: Roommate issue

I'm sure it's uncomfortable to be in a nasty environment. Is the landlord willing to release him from the lease? If yes, I would take my security deposit and leave as soon as I found something else. He's going to talk to the landlord tomorrow. He'd actually prefer to stay thru the end of the lease ...
by matonplayer
Sun Mar 06, 2016 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Roommate issue
Replies: 18
Views: 3422

Roommate issue

My adult son lives in MD and shares a house with two other roommates. Their lease contains the typical "jointly and severally liable" clause. Their lease expires July 31. According to my son (of course, I'm only hearing one side of the story) his two roommates have decided they don't want him to liv...
by matonplayer
Sun Mar 06, 2016 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Income tax preparation cost?
Replies: 32
Views: 3778

Re: Income tax preparation cost?

Could you provide more detail on how involved your return is? Hard to say if that's alot or not. My firm has an average bill rate between $200-$250 so it does take much to get to a $2,750 bill. Especially when clients dump off a box of receipts. I can try. We had one W-2, a 1099 from my wife's pens...