Search found 7083 matches

by JW-Retired
Thu Aug 15, 2019 12:53 pm
Forum: Personal Consumer Issues
Topic: Skunks keep coming in our yard!
Replies: 30
Views: 2239

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: 2308

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: 1170

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: 316
Views: 23760

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: 10737

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: 316
Views: 23760

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: 1915

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: 460

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: 3457

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: 3457

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: 79
Views: 5753

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: 6860

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: 2771

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: 2771

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: 2771

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: 1705

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: 1705

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: 3618

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: 50
Views: 5220

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: 854

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: 602

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: 871

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...
by JW-Retired
Fri May 31, 2019 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Any Alternative to Quicken for Us?
Replies: 4
Views: 602

Any Alternative to Quicken for Us?

Wife and I still generate a moderate number of checks over 3 separate accounts. One of the accounts needs us to supply a very simple annual report to a couple of partners in a jointly owned property, and the Quicken checking account transactions for the year serves for most of that. The 3 checking a...
by JW-Retired
Tue May 28, 2019 9:37 am
Forum: Personal Investments
Topic: Optimizing Asset Allocation
Replies: 15
Views: 1584

Re: Optimizing Asset Allocation

Would you recommend following my advisor's plan or sticking with my current AA? Current AA. The advisor's plan with 4 funds around 1% expense would be a killer for most Bogleheads. There is just no reason to use high expense funds when low expense funds are available at Vanguard/Fidelity/Schwab/......
by JW-Retired
Mon May 27, 2019 11:59 am
Forum: Personal Investments
Topic: Allocation to individual stocks/bonds
Replies: 13
Views: 819

Re: Allocation to individual stocks/bonds

For those of you who combine indexing with some individual active asset picking, how much of your portfolio do you allocate to active positions versus passive positions? I had regretted owning any individual stocks for a long time. For new investments we had switched to mutual funds by the 90's, bu...
by JW-Retired
Mon May 27, 2019 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Parents as dependents and gift tax
Replies: 20
Views: 1949

Re: Parents as dependents and gift tax

I'd rather not get too specific about my finances but will say that I expect to have a lot of money in the future and I'd like to plan accordingly. My suggestion is to get a 709 form and it's instructions. See if you feel you can understand it well enough to DIY a large gift. JW https://www.irs.gov...
by JW-Retired
Wed May 22, 2019 9:24 am
Forum: Investing - Theory, News & General
Topic: Delaying social security = harming nest egg?
Replies: 74
Views: 6489

Re: Delaying social security = harming nest egg?

It seems that people with a substantial nest egg are the ones who can more safely afford to deplete their portfolio while delaying social security. (At the same time, these are the people who least need the resulting higher monthly social security check.) But isn’t it risky for people with more mod...
by JW-Retired
Tue May 14, 2019 9:03 am
Forum: Personal Investments
Topic: Social security should you take early if you don’t need the money?
Replies: 24
Views: 2893

Re: Social security should you take early if you don’t need the money?

Consider the fate of two retirees, Rich and Delores. Both retire at age 62....let's say they were both laid off and cannot find additional work. At time of retirement, Rich has $1,000,000 in financial assets. Delores has $10,000. Both would receive $20K/year from SS if they started benefits at age ...
by JW-Retired
Wed May 08, 2019 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Filing for a Restricted SS Claim
Replies: 16
Views: 1021

Re: Filing for a Restricted SS Claim

Has anyone ever filed a restricted application on line? I would think it would be error free if it is possible to file that way. Yes, I did mine online but it was not error free. They somehow ignored my crystal clear instructions and went with starting my own age 66 benefits instead of spousal. I o...
by JW-Retired
Sun May 05, 2019 4:08 pm
Forum: Personal Investments
Topic: Boglehead investing through a major downturn
Replies: 36
Views: 3988

Re: Boglehead investing through a major downturn

My question: what was it like for people who held to a Boglehead approach through 2007/8/9/10? What did it feel like to simply keep contributing the max to your 401(k) into a down market that was an extremely down market? Did you rebalance into equities? Did you keep contributing the max? ....... B...
by JW-Retired
Fri Apr 26, 2019 8:19 am
Forum: Personal Investments
Topic: Taking loss vs TLH - Total International
Replies: 22
Views: 1152

Re: Taking loss vs TLH - Total International

Come tax time, how do I make sure I deduct 3K from taxable income? You'll complete Schedule D, and if you have a loss, it'll tell you to write -$3000 on the relevant 1040 line. (Or the actual amount of the loss if not as large as $3K.) The next year, you'll do some math in a worksheet figuring out ...
by JW-Retired
Mon Apr 22, 2019 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Benefits Strategy
Replies: 29
Views: 2533

Re: Social Security Benefits Strategy

According to the Open Social Security Model, I should: - Have my spouse file her retirement benefit to begin 2/2027 at age 62 and 1 month - File for my retirement benefit to begin 1/2032 at age 70 and 0 months - Have my spouse should file for her spousal benefit to begin 1/2032 at age 67 and 0 mont...
by JW-Retired
Sat Apr 13, 2019 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Our situation: should my spouse wait till age 70 to claim Social Security?
Replies: 5
Views: 1073

Re: Our situation: should my spouse wait till age 70 to claim Social Security?

Thoughts? I may be missing something and would appreciate any guidance about that. What is your Federal + State marginal tax rate difference between Social Security and other income going to be? If you will pay at a rate half again more on your RMDs versus on SS (as I do), that's a compelling reaso...
by JW-Retired
Tue Apr 09, 2019 8:53 am
Forum: Investing - Theory, News & General
Topic: Did I read this correctly? SS and your AA
Replies: 36
Views: 4231

Re: Did I read this correctly? SS and your AA

Do I understand this right, it says that social security should be considered as a part of your asset allocate under bonds? So if my portfolio is 70/30 that in reality it is 70minus SS/ 30 plus SS What do you think? I think if you picked an AA of 70/30 equities/actual bonds correctly, SS was alread...
by JW-Retired
Sun Apr 07, 2019 9:42 am
Forum: Personal Finance (Not Investing)
Topic: "Worried about being pushed into 'higher tax bracket' "
Replies: 25
Views: 2158

Re: "Worried about being pushed into 'higher tax bracket' "

Tlmlb wrote:
Sun Apr 07, 2019 9:11 am
Isn't it obvious? People think tax brackets operate like a cliff vs. stair steps.
Yep. IMO, even more common is people don't know that Medicare premium brackets really do operate with nearly a $1k/year "cliff".

I didn't know that until it got me!
JW
by JW-Retired
Sat Apr 06, 2019 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Any reason for younger wife not to file at FRA? When her benefit is much smaller.
Replies: 16
Views: 1125

Re: Any reason for younger wife not to file at FRA? When her benefit is much smaller.

However, one of my main reasons to wait till 70 is, unlike my family, her family has longer life expectancy. So, if I die she will get the 100% of what I got by waiting till 70. Yes, a very good reason. The other really good reason is that SS is usually federal + state income taxed much less than o...
by JW-Retired
Mon Apr 01, 2019 9:58 am
Forum: Personal Investments
Topic: 1st Time Backdoor Roth - Am I Doing This Right?
Replies: 14
Views: 590

Re: 1st Time Backdoor Roth - Am I Doing This Right?

1. Made non-deductible contributions to our (wife and mine) tIRAs (emptied out) for $5500 and $6000. What did you mean by "emptied out"? Where did the implied previous funds go? JW I previously had a rollover IRA (for a few thousand) which I transferred over to my 401K. That's the happy answer! :be...
by JW-Retired
Mon Apr 01, 2019 9:35 am
Forum: Personal Investments
Topic: 1st Time Backdoor Roth - Am I Doing This Right?
Replies: 14
Views: 590

Re: 1st Time Backdoor Roth - Am I Doing This Right?

RJC wrote:
Mon Apr 01, 2019 8:13 am
1. Made non-deductible contributions to our (wife and mine) tIRAs (emptied out) for $5500 and $6000.
What did you mean by "emptied out"? Where did the implied previous funds go?
JW
by JW-Retired
Sun Mar 31, 2019 12:50 pm
Forum: Personal Investments
Topic: Considering Roth IRA - Looking for Thoughts
Replies: 20
Views: 1216

Re: Considering Roth IRA - Looking for Thoughts

Based on the responses about splitting the 3-fund portfolio between my 403(b) and Roth IRA, could I do the same with a Roth 403(b) instead of the IRA? It's basically the same rules, but I can put a lot more money in the ROTH 403(b), right? I don't get your "I can put a lot more money in the Roth" r...
by JW-Retired
Sun Mar 31, 2019 10:22 am
Forum: Personal Investments
Topic: Considering Roth IRA - Looking for Thoughts
Replies: 20
Views: 1216

Re: Considering Roth IRA - Looking for Thoughts

The Roth is a very good thing to have, but I would put no bonds or weird stuff and just one equity like total stock market or total international in it. Given that your 403b is likely to be 3 or 4 times bigger than your Roth forevermore, do any tilting and rebalancing in the 403b.
JW
by JW-Retired
Fri Mar 29, 2019 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: When to take social security for maximum inheritance?
Replies: 31
Views: 2898

Re: When to take social security for maximum inheritance?

IMO, unless you are going to be paying very little in income taxes, the easy answer is to aim to maximize whatever type of income that is taxed least. That is usually social security income. Counting both federal and state income tax, my other-than-Social Security income is taxed at a rate right aro...
by JW-Retired
Fri Mar 29, 2019 10:04 am
Forum: Personal Investments
Topic: Back door Roth strategy
Replies: 30
Views: 1753

Re: Back door Roth strategy

We make too much to do deductable IRAs or normal Roth's. I have 401k with high fees she has Simple IRA with high fees. We roll her simple each year into VG TIRA. She has HSA with hdhp. I don't have that option. Is there anything else we should be doing other than piling the rest into taxable? We ha...
by JW-Retired
Thu Mar 28, 2019 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Income Jump, Options To Resolve Roth Issues
Replies: 7
Views: 1032

Re: Income Jump, Options To Resolve Roth Issues

2 - We've never done a backdoor Roth. Would that involve moving the funds to a tIRA at VG ( which would need to be a new account/fund, since we don't have tIRA with VG ), ........................... The way you said this makes me think you might have a tIRA at some other place? Just in case...........
by JW-Retired
Tue Mar 26, 2019 7:48 am
Forum: Personal Investments
Topic: Need help deciding between Traditional or Roth IRA for my spouse
Replies: 4
Views: 301

Re: Need help deciding between Traditional or Roth IRA for my spouse

My family received a windfall this year. We received most of the money this year. We will receive smaller amounts in 2020 and 2021. Here is our 2018 income and estimated income for the next few years: 2018 - $145,000 2019 - $500,000-$550,000 2020 - $190,000 2021 - $165,000 What sort of "windfall"? ...
by JW-Retired
Mon Mar 25, 2019 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Do you treat inheritance as a singular or shared asset?
Replies: 113
Views: 5742

Re: Do you treat inheritance as a singular or shared asset?

We have had only had the one marriage, but we each had inheritances within the first 15 years. Both of us thought it prudent to kept the assets in personal accounts for a fairly long period. However, we did spend amounts of it for joint needs along the way. At about 30 years it looked like we were g...
by JW-Retired
Tue Mar 19, 2019 2:56 pm
Forum: Personal Investments
Topic: Vanguard Roth IRA: Backdoor or what?
Replies: 26
Views: 1215

Re: Vanguard Roth IRA: Backdoor or what?

Can anyone enlighten me on this? Why am I allowed to contribute to Roth IRA, instead of doing backdoor Roth IRA, even if my MAGI is above the income limit for Roth IRA? You and the IRS are the only ones who can know if you are allowed to Roth contribute or not. IRS will know your MAGI from your tax...
by JW-Retired
Mon Mar 18, 2019 8:41 am
Forum: Investing - Theory, News & General
Topic: That's enough for me in 2019
Replies: 810
Views: 89293

Re: That's enough for me in 2019

market timer wrote:
Sat Mar 16, 2019 7:41 am
I got out of risk assets and went to cash yesterday. Felt nice to realize substantial gains on the sales.
Still a timer after all these years! Is this the only other such move since 2008?

One awful timing guess in the 90's was enough to cure me forever.
JW
by JW-Retired
Mon Mar 18, 2019 8:26 am
Forum: Personal Investments
Topic: Question about tax on Roth conversion
Replies: 7
Views: 667

Re: Question about tax on Roth conversion

I don't have any other IRAs. Just this traditional one that I'm only going to use to move money out of immediately for Roth conversion. Good, but are you certain of this? The gotcha for an astonishing number of people is they imagine that a rollover IRA from a 401k or the like counts as different f...
by JW-Retired
Fri Mar 15, 2019 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Retiring- pension is 2x annual expense. Roth conversions/ss advice.
Replies: 39
Views: 4524

Re: Retiring- pension is 2x annual expense. Roth conversions/ss advice.

Would it be better to maximize social security benefits at the possible expense of being able to convert more to Roth? Not sure what you mean? They shouldn't be doing any Roth conversions once they start taking SS benefits. It just balloons the taxes. If they want to do some modest conversions whil...
by JW-Retired
Wed Mar 13, 2019 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Predicted RMDs Have Caught Me By Surprise
Replies: 69
Views: 7627

Re: Predicted RMDs Have Caught Me By Surprise

What is your marginal tax rate? And what do you expect your marginal tax rate will be at age 70.5, with RMD and SS? This..... plus the marginal tax rate between when you retire at 62 and live on wife's income, or perhaps start taking some money from the 401k before 70.5? If you do end up after you ...