Search found 7111 matches

by JW-Retired
Wed Nov 06, 2019 10:32 am
Forum: Personal Investments
Topic: Will we be OK at 3% WR?
Replies: 261
Views: 16698

Re: Will we be OK at 3% WR?

bhsince87 wrote:
Tue Nov 05, 2019 11:23 pm
What's your opinion? Ages 54 and 52.

Will 3% be OK going forward?
Maybe OK if your investment costs are included in that 3%. The Trinity study assumed that cost was zero.

What do your investment costs amount too?
JW
by JW-Retired
Sat Nov 02, 2019 8:01 am
Forum: Non-US Investing
Topic: [Non-US] Planning to meet a wealth management advisor for education
Replies: 16
Views: 1006

Re: [Non-US] Planning to meet a wealth management advisor for education

Having done my homework, I see this company is a classic big commission product selling outfit, who happen to be expanding out of the UK internationally. So the bad news I will have a product sales pitch to deal with. The good news is that he's on my home turf and I have information and a mentality...
by JW-Retired
Mon Oct 28, 2019 9:02 am
Forum: Personal Consumer Issues
Topic: Folks age between 65-70. What’s your exercise routine
Replies: 44
Views: 4456

Re: Folks age between 65-70. What’s your exercise routine

Age 70 something. First thing in the morning is about 5 minutes of some very simple back exercises. They totally prevent a frequently aching back that plagued me for years. Thank you physical therapy guru! :beer Second thing, at no particular time of day, is a couple of miles of brisk walking. Thank...
by JW-Retired
Sun Oct 27, 2019 11:10 am
Forum: Non-US Investing
Topic: [Non-US] Planning to meet a wealth management advisor for education
Replies: 16
Views: 1006

Re: [Non-US] Planning to meet a wealth management advisor for education

So I decided to say sure, I'll meet their partner. I already have researched their product range has fund costs starting from 1.5%pa so is a total no go but my aim is not go offer them business but to be further educated on an industry that simply has to change to support customers. Good hunting bu...
by JW-Retired
Sun Oct 27, 2019 9:56 am
Forum: Personal Investments
Topic: Considering Roth conversions, but would you if you were in my shoes?
Replies: 32
Views: 2461

Re: Considering Roth conversions, but would you if you were in my shoes?

Hi, no I am not eligible to make Roth IRA contributions as I exceed the income limits. McDougal, I looked at some of your 2018 posts. You said there you had about $2M between the 401k & IRA, and were in a 35% tax bracket. I'm wondering if you have a good umbrella policy to cover your assets? 401k's...
by JW-Retired
Sat Oct 26, 2019 9:02 am
Forum: Investing - Theory, News & General
Topic: Christine Benz article on door to door financial people
Replies: 59
Views: 6215

Re: Christine Benz article on door to door financial people

I have invited such new employees of EJ into my house and discussed their futures with the company. I told them that EJ was stealing the retirements from their clients. One had his wife invest her retirement money in EJ. I told both that I felt it was my job to try to put EJ out of business and tha...
by JW-Retired
Thu Oct 24, 2019 11:35 am
Forum: Personal Investments
Topic: Top tax bracket for life, taking RMDs, stop making 401k contributions?
Replies: 22
Views: 1870

Re: Top tax bracket for life, taking RMDs, stop making 401k contributions?

It would help us to know what their tax bracket is now, and how much time there is before they must take RMDs?
JW
by JW-Retired
Wed Oct 23, 2019 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Reduce roth 401(k) to just match to prepay mortgage?
Replies: 50
Views: 2484

Re: Reduce roth 401(k) to just match to prepay mortgage?

I am deciding whether contributions beyond the company match to a roth 401(k) are worthwhile when one has a mortgage. Am I thinking through things correctly? What's your tax bracket? Unless it's very low wouldn't it be better to have a traditional 401(k) and then apply all the tax money you save to...
by JW-Retired
Mon Oct 21, 2019 10:47 am
Forum: Personal Investments
Topic: Large Position in Fidelity Blue Chip (FBGRX)
Replies: 24
Views: 2275

Re: Large Position in Fidelity Blue Chip (FBGRX)

Luckily, the fund has had really good gains since then. However, I'm rather worried this luck will run out due to the lack of diversity and high expense ratio moving forward. I'd rather her sell the fund and move the proceeds into a low-cost index fund, but only if it makes sense from a tax perspec...
by JW-Retired
Sun Oct 20, 2019 12:31 pm
Forum: Personal Investments
Topic: Advice for friend - lots of loads and high ER yet good returns
Replies: 37
Views: 2498

Re: Advice for friend - lots of loads and high ER yet good returns

Specifically, he has a full array of MFS mutual funds. Each has 5.75% front-loads plus pretty high ER. The funds are: MEIAX, ER 0.83% MFEGX, 0.92% MGIAX, 0.98% MNDAX, 1.32% MTCAX, 1.23% My knee-jerk at first glance was to advise selling them all, going to something sane with no loads and reasonable...
by JW-Retired
Sun Oct 20, 2019 10:53 am
Forum: Personal Investments
Topic: Large Position in Fidelity Blue Chip (FBGRX)
Replies: 24
Views: 2275

Re: Large Position in Fidelity Blue Chip (FBGRX)

Luckily, the fund has had really good gains since then. However, I'm rather worried this luck will run out due to the lack of diversity and high expense ratio moving forward. I'd rather her sell the fund and move the proceeds into a low-cost index fund, but only if it makes sense from a tax perspec...
by JW-Retired
Sat Oct 19, 2019 5:32 pm
Forum: Personal Investments
Topic: Basic Backdoor Roth IRA Question
Replies: 7
Views: 631

Re: Basic Backdoor Roth IRA Question

Do convert "all" the funds not just $6000.00. That will spare you from worry about what to do with some earnings that could get left behind.
JW
by JW-Retired
Thu Oct 17, 2019 11:27 am
Forum: Personal Investments
Topic: Getting up in age, too stock heavy
Replies: 33
Views: 4282

Re: Getting up in age, too stock heavy

What is her Fed & state tax brackets? I/we have no idea?

She might even be in the "tax torpedo" area where the % of SS taxed is ramping up, making the effective tax on realized stock gains super high.
Can you list her income by type?
JW
ps: I'm with dbr on the 60% stocks is OK.
by JW-Retired
Mon Oct 07, 2019 1:18 pm
Forum: Personal Investments
Topic: Employer switching to higher fee 401k admin. What would you do?
Replies: 46
Views: 3335

Re: Employer switching to higher fee 401k admin. What would you do?

My employer is switching our 401k plan administrators from Vanguard to Voya Financial. From everything I have read, this could be a very bad deal- Voya appears to have dramatically higher fees across the board, and I have very much enjoyed my experience with Vanguard. I'm unsure which funds I will ...
by JW-Retired
Sun Oct 06, 2019 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Living Trust and Insurance
Replies: 8
Views: 879

Re: Living Trust and Insurance

staustin wrote:
Thu Oct 03, 2019 1:11 pm
Yes, thank you! I just contacted my insurance company as well.
OP here. I too contacted my very long time insurance broker and they said this is easy to fix...... we just didn't know you had a trust
(for 20 years)! :shock:
JW
by JW-Retired
Tue Oct 01, 2019 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Living Trust and Insurance
Replies: 8
Views: 879

Re: Living Trust and Insurance

littlebird wrote:
Tue Oct 01, 2019 10:43 am
Our trust is an additional insured on our policies.
Thank you. That jibs with our friends.
I do wonder how I missed this, Was it different in the last century when our trust was started?

Anyway, we shall make whatever change is needed.
JW
by JW-Retired
Tue Oct 01, 2019 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Living Trust and Insurance
Replies: 8
Views: 879

Living Trust and Insurance

DW and I have had family living trust for 20+ years. It was updated a bit over 10 years back. Except for the IRAs & 401k, all our taxable joint investment accounts and real estate property are in the trust. The issue is our liability & other insurance on the properties has always just been under Mr....
by JW-Retired
Tue Sep 24, 2019 9:11 am
Forum: Personal Investments
Topic: SS Claiming options
Replies: 5
Views: 619

Re: SS Claiming options

I am 66 born in 1953 and married to a non-working spouse (45 years) who is also 66 and born in 1953 I want to wait until age 70 to claim my SS entitlement (I’m in good health and won’t need it till 70) In making your decision, don't forget that SS income is often much more lightly Fed+state taxed t...
by JW-Retired
Wed Sep 18, 2019 9:56 am
Forum: Personal Investments
Topic: 401-K versus Social Security
Replies: 26
Views: 2150

Re: 401-K versus Social Security

I am 65 years old and planning to retire sometime in the next year probably at age 66. My full retirement Social Security age is 66. I am trying to determine if it would be best to take my Social Security at age 66 or 70. I know that the Social Security benefit presently goes up 8% every year betwe...
by JW-Retired
Sat Sep 07, 2019 9:07 am
Forum: Investing - Theory, News & General
Topic: Should I change my asset allocation and pay the capital gains?
Replies: 11
Views: 903

Re: Should I change my asset allocation and pay the capital gains?

Excellent points, I hadn't thought about it that way. Overall, if I combine tax deferred and taxable, and exclude the equity in our home and our cash accounts (EF, sinking funds for short term expenditures, etc), we're at 59/41, driven by the large amount I have in a Bond Index fund and Stable Valu...
by JW-Retired
Thu Aug 29, 2019 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Social Security age 70 or bust?
Replies: 81
Views: 4971

Re: Social Security age 70 or bust?

My pension is 100% joint and survivor, with a popup provision to single life if I outlive DW. If DW outlives me (likely), the combination of the pension and the age 69 SS survivor benefit will provide her approximately 80% of our current spending level. That would be 82.5% if I wait until age 70, w...
by JW-Retired
Wed Aug 28, 2019 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Can an employee join back as a Consultant?
Replies: 14
Views: 1124

Re: Can an employee join back as a Consultant?

ThankYouJack wrote:
Tue Aug 27, 2019 7:33 pm
I think it depends on the employer. With mine you need to wait a year.
Mine too.

By that time I had no thought of coming back. :beer
JW
by JW-Retired
Mon Aug 26, 2019 9:27 am
Forum: Personal Finance (Not Investing)
Topic: 4M 70K expenses would you stop?
Replies: 153
Views: 17816

Re: 4M 70K expenses would you stop?

Actually the SS maximum for two people is $68,664 inflation indexed, so a couple might well spend 70K a year on no liquid assets. I haven't looked at any possible taxes. Admittedly a couple both of whom have 35 years of maximum SS earnings probably have not ended up with zero assets, but in theory ...
by JW-Retired
Sat Aug 24, 2019 1:52 pm
Forum: Personal Investments
Topic: Roth IRA Contribution Can I make it?
Replies: 9
Views: 1013

Re: Roth IRA Contribution Can I make it?

I am married and I am going to file jointly my tax return for next year. My current base salary is 178500 and I got 32000 as bonus. Can I contribute to a ROTH IRA up to 6000$ considering that I maximized my 401k so my adjusted income should be something like 178500+32000-19000= 191500 that it is be...
by JW-Retired
Fri Aug 23, 2019 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Bought a home a year back, thinking of selling now
Replies: 51
Views: 5341

Re: Bought a home a year back, thinking of selling now

Both I and my better half work in bay area tech companies with overall tc 700k, base 400k. We bought a home last year (around the market peak) that we loved for around 1.5 mn. We had just enough funds for 20% downpayment and now have around 250k in funds (cash in bank, 401k, vested stocks). On the ...
by JW-Retired
Thu Aug 22, 2019 10:23 am
Forum: Personal Investments
Topic: Capital gains affect tax rate on ordinary income?
Replies: 28
Views: 2455

Re: Capital gains affect tax rate on ordinary income?

While we do not need the proceeds to live on--and our expenses will go down when she goes on Medicare, and our income will go up when she can claim one half of my SS--we feel the time is right to shift to a more conservative AA, roughly 50/50. You want to be 50/50 instead of 60/40. That's not reall...
by JW-Retired
Thu Aug 22, 2019 9:26 am
Forum: Personal Investments
Topic: 401K bad investment choice...need help
Replies: 13
Views: 664

Re: 401K bad investment choice...need help

Also, if I go that route do I leave the money invested in the above four untouched, or would it be better to move them all to the 500 index trust? Vanguard Institutional 500 Index Trust .01% No reason not to move them all. If these were in a taxable account you might not wish to realize taxable gai...
by JW-Retired
Tue Aug 20, 2019 12:06 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard vs. Fidelity??
Replies: 70
Views: 6601

Re: Vanguard vs. Fidelity??

I won't be doing any trades, so the brokerage aspect is not at all important to me. Nor am I interested in any actively managed funds. I really am just looking to park it and draw down on it as needed to live. I currently have a smaller size account at Vanguard, but have not been particularly impre...
by JW-Retired
Thu Aug 15, 2019 12:53 pm
Forum: Personal Consumer Issues
Topic: Skunks keep coming in our yard!
Replies: 44
Views: 3196

Re: Skunks keep coming in our yard!

Skunks are awful. My mom has been suffering an invasion (well, invasion force of one) for a year now. They do INCREDIBLE damage digging in just a night or two. And yes, as others said, it's likely grubs. We have skunks, raccoons, possums, and our neighbors cats going through our fenced yard at nigh...
by JW-Retired
Sun Aug 04, 2019 2:29 pm
Forum: Investing - Theory, News & General
Topic: When taking RMD, better when market "high" or "low"
Replies: 28
Views: 2400

Re: When taking RMD, better when market "high" or "low"

What matters is whether it is high or low *compared to the future*, which is the only alternative time to take distribution. Because you don't know the future, and probably can't even predict it better than chance, there's nothing actionable here. I invariably take the 2 RMDs we have as soon as pos...
by JW-Retired
Sun Aug 04, 2019 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Looking to move to another state.
Replies: 11
Views: 1251

Re: Looking to move to another state.

You have been living on $130k/year income and you are proposing to retire on $25k/yr SS plus what you can draw from your $1M in savings. If you take a 4%/year draw from the nest egg that and SS is only going to total half your current income. Sorry, I also think the math just isn't there. IMO, you n...
by JW-Retired
Sat Aug 03, 2019 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Social Security -- Take it at 62, 67 or 70
Replies: 329
Views: 28197

Re: Social Security -- Take it at 62, 67 or 70

In our case.... Claiming at 62 prevents us from effectively doing Roth conversions Claiming at 62 will not leave one spouse with a larger SS payment Claiming at 62 causes more tax issues later on Claiming at 62 will leave us with less 'spendable' funds after taxes IMO, the biggest down side is it d...
by JW-Retired
Fri Aug 02, 2019 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: A note on spending for kids
Replies: 148
Views: 11383

Re: A note on spending for kids

I think the academic evidence is on the other side. The point of spending blood, money and tears on sports and music is not that the kid will become a professional. The point is that the child masters a hard skill, and thus develops habits that will last a lifetime. Need for practice, resilience in...
by JW-Retired
Thu Aug 01, 2019 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Social Security -- Take it at 62, 67 or 70
Replies: 329
Views: 28197

Re: Social Security -- Take it at 62, 67 or 70

For each social security dollar I collect, that is one dollar I do not have to take out of my investment portfolio. That is just not true if you pay income taxes. States usually don't tax SS dollars at all and, depending on income, Federal tax on SS could be somewhere between none of it at all bein...
by JW-Retired
Mon Jul 29, 2019 11:06 am
Forum: Personal Investments
Topic: Drawing from Portfolio to Delay Social Security
Replies: 16
Views: 2014

Re: Drawing from Portfolio to Delay Social Security

What is the conventional boglehead wisdom regarding using IRA funds to delay SS? There is something unsettling about not collecting $$$ you have coming while at the same time spending $$$ from my portfolio. What is your tax situation going to be? That's critical. If you live in a high tax state cha...
by JW-Retired
Mon Jul 29, 2019 9:49 am
Forum: Personal Investments
Topic: 401k, IRA and Roth IRA contribution limits
Replies: 10
Views: 529

Re: 401k, IRA and Roth IRA contribution limits

No, it's a total of $6500 or $7000/year that's spread between IRA and Roth. Not those amounts to both. Plus there are limits depending on your earnings. If you exceed a certain income you can't contribute to a Roth, and similarly if you have a work plan there is an income limit to your ability to de...
by JW-Retired
Sun Jul 28, 2019 10:15 am
Forum: Personal Finance (Not Investing)
Topic: How to prepare for RMDs in excess of what’s needed?
Replies: 48
Views: 3609

Re: How to prepare for RMDs in excess of what’s needed?

My wife and I file jointly and don’t qualify for Roth accounts. Actually, unless you left some assets out it appears you do qualify for "back door" Roth contributions. As long as you have no tax deferred IRAs of any type you can do that regardless of income. See https://www.bogleheads.org/wiki/Back...
by JW-Retired
Sun Jul 28, 2019 9:29 am
Forum: Personal Finance (Not Investing)
Topic: How to prepare for RMDs in excess of what’s needed?
Replies: 48
Views: 3609

Re: How to prepare for RMDs in excess of what’s needed?

My wife and I file jointly and don’t qualify for Roth accounts. Actually, unless you left some assets out it appears you do qualify for "back door" Roth contributions. As long as you have no tax deferred IRAs of any type you can do that regardless of income. See https://www.bogleheads.org/wiki/Back...
by JW-Retired
Fri Jul 26, 2019 1:14 pm
Forum: Investing - Theory, News & General
Topic: My Fido retirement meeting pushing me to SMA
Replies: 90
Views: 7885

Re: My Fido retirement meeting pushing me to SMA

I don't mind playing in the market but maybe looking at consolidating my accounts to make it easier for my wife. I called and setup meeting at the local Fido office. It was a 1 hour meeting with a salesman who was not a CFP. He had been there about 5 years and came from EJ. He spent the first 30 mi...
by JW-Retired
Fri Jul 26, 2019 11:33 am
Forum: Personal Investments
Topic: What to do in a crash
Replies: 65
Views: 7158

Re: What to do in a crash

So, in a crash, what do you do? What are the temptations and thought proccess s that occur and what are the mistakes commonly made? What's worked extremely well for me in the 2002 & 2008 crashes is to just never sell bonds to re-balance. I only re-balanced on the high equity side or with new money ...
by JW-Retired
Tue Jul 02, 2019 9:57 am
Forum: Personal Investments
Topic: Can I add Social Security to my asset allocation of bonds?
Replies: 42
Views: 2984

Re: Can I add Social Security to my asset allocation of bonds?

This is consistent with my conclusion... seems were in good company. My portfolio AA will factor-in my non-portfolio fixed income by treating SSI as bonds. Honest, it's just not necessary for you to do the SS and the like are part of my "bonds" maneuver. You really are allowed to just pick the AA y...
by JW-Retired
Mon Jul 01, 2019 9:09 am
Forum: Personal Investments
Topic: Can I add Social Security to my asset allocation of bonds?
Replies: 42
Views: 2984

Re: Can I add Social Security to my asset allocation of bonds?

retiredjg wrote:
Mon Jul 01, 2019 9:01 am
It may be reasonable, but it sure is cumbersome. :D
Not if you just pretend to do it. :wink:
by JW-Retired
Mon Jul 01, 2019 8:58 am
Forum: Personal Investments
Topic: Can I add Social Security to my asset allocation of bonds?
Replies: 42
Views: 2984

Re: Can I add Social Security to my asset allocation of bonds?

I don't count my SS benefits as a part of my asset. SS helps to reduce the amount I need to withdraw from my portfolio but doesn't change my assetallocation. Travelfor Fun +2 +3 TravelforFun, You can do whatever odd thing you want but IMO, the "age in bonds" was only a rule of thumb way way back wh...
by JW-Retired
Sun Jun 30, 2019 6:54 pm
Forum: Personal Consumer Issues
Topic: What's tripping the trap now?
Replies: 12
Views: 1752

Re: What's tripping the trap now?

Rats can push their way out of the large Victor type rat traps. Tomcat Secure Kill Rat Traps (available at Home Depot) work well in my experience... and you won't catch yourself. I was skeptical of this since setting the trap needs a good amount of force. However, I actually measured the force to o...
by JW-Retired
Sun Jun 30, 2019 9:32 am
Forum: Personal Consumer Issues
Topic: What's tripping the trap now?
Replies: 12
Views: 1752

What's tripping the trap now?

Our neighborhood has a lot of fruit trees and it's been a bountiful year. Recently I saw a large rat run out of one of our inside yard flower beds and across our patio in daylight, so I set an old fashioned snap trap in the area. After a few days the rat was caught. They usually can't resist that pe...
by JW-Retired
Fri Jun 28, 2019 9:44 am
Forum: Personal Consumer Issues
Topic: Trex decking or alternatives?
Replies: 44
Views: 4116

Re: Trex decking or alternatives?

I may have missed it but if not you folks should know that the Trex bought between August 1, 2004 and August 27, 2013 can be replaced free if it has deteriorated. Trex will give you all new material plus some $ for the cost of the fasteners. The demo and re-installation is on you. Trex just dumps a ...
by JW-Retired
Sun Jun 16, 2019 10:58 am
Forum: Personal Investments
Topic: Should I invest 100k into a total index or do it slowly
Replies: 58
Views: 6907

Re: Should I invest 100k into a total index or do it slowly

FarmD, I would invest it all at once. However, it needs to be your psychology that drives this. If all-at-once might do damage to your future investing nerve if the market goes bad soon, then do it slowly. The slow approach can give you a mental win-win.... i.e., if you put it in slowly and the mark...
by JW-Retired
Tue Jun 11, 2019 10:22 am
Forum: Investing - Theory, News & General
Topic: Expense Ratio for Employer 401K High?
Replies: 12
Views: 891

Re: Expense Ratio for Employer 401K High?

Employer matches up to 3% so want to take advantage of that, but something doesn't make sense. When I look up the expense ratio of the 2030 Target Dated Fund on the AF website, it is showing 0.72. However, when I look at the information provided to her by work, if she selects this fund, the expense...
by JW-Retired
Sun Jun 02, 2019 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Any Alternative to Quicken for Us?
Replies: 4
Views: 638

Re: Any Alternative to Quicken for Us?

Thanks for your opinions...... I decided to go with another Quicken.
JW
by JW-Retired
Sat Jun 01, 2019 9:48 am
Forum: Personal Investments
Topic: I Need Advice Fixed-Income Portion ($ 3 million total Taxable Account)
Replies: 5
Views: 903

Re: I Need Advice Fixed-Income Portion ($ 3 million total Taxable Account)

Some say go with VTEB, others suggest VWIUX instead of VTEB, and yet some others suggest a 30/40/30 VMLUX/VWIUX/VWLUX. You might prefer the mutual fund version of (VWIUX) instead of the ETF (VTEB). I find it easiest to take the option to reinvest all fund earnings back into the same mutual funds. I...