Search found 6892 matches

by JW-Retired
Thu Oct 18, 2018 8:58 am
Forum: Investing - Help with Personal Investments
Topic: Spoke with a CFP...underwhelming!
Replies: 49
Views: 4451

Re: Spoke with a CFP...underwhelming!

3. We both agreed on the SWR of 4% and most of the common mentions there... Did you both agree that the SWR of 4% was before his cost? Leaving you to net for example 3%? If not, how did he skirt that fact of arithmetic? JW This is a non issue if the advisor is fee only. Exactly - and this was just ...
by JW-Retired
Thu Oct 18, 2018 8:36 am
Forum: Investing - Help with Personal Investments
Topic: Spoke with a CFP...underwhelming!
Replies: 49
Views: 4451

Re: Spoke with a CFP...underwhelming!

unstoppable wrote:
Thu Oct 18, 2018 6:59 am
3. We both agreed on the SWR of 4% and most of the common mentions there...
Did you both agree that the SWR of 4% was before his cost? Leaving you to net for example 3%?

If not, how did he skirt that fact of arithmetic?
JW
by JW-Retired
Thu Oct 18, 2018 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Did you retire because you hit your number?
Replies: 71
Views: 6089

Re: Did you retire because you hit your number?

I blew well past my number. Just couldn't stand to retire until the whizbang project I'd so enjoyed finally came to fruition.

It was a happy retirement day. :D
JW
by JW-Retired
Tue Oct 16, 2018 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security [impact of earnings on benefits]
Replies: 29
Views: 2744

Re: Social Security [impact of earnings on benefits]

My PIA is 2580 , At 62 it is 1858 I will lose 100,332 if I wait until Im 66.5 . That 100332 I will need to take out of my investments . It will take over 14 years to make up the 100332 I will lose . I also will lose some return on my investments ( hopefully ) if I cash in 100000 . If I wait the adv...
by JW-Retired
Mon Oct 15, 2018 9:27 am
Forum: Investing - Help with Personal Investments
Topic: help with personal finance and alternatives
Replies: 7
Views: 445

Re: help with personal finance and alternatives

I have Fidelity Roth and Traditional IRA. Do I roll it over to Roth or Traditional? (if so, which one) or do I wait until my newest position kicks in to contribute 6 months from now and roll it over then? Did you mean what you said? :shock: As others have noted, it would be a ghastly disaster to ro...
by JW-Retired
Sat Oct 13, 2018 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Bank lost beneficiary paperwork, says must go through probate
Replies: 18
Views: 2508

Re: Bank lost beneficiary paperwork, says must go through probate

Similar problem occurred in my family. A relative thought his TSP account named a beneficiary. TSP said did not have a record of it. Resulted in several $100K of taxable income for his heir. TSP is a tax differed savings plan so heirs always will pay tax on the drawn out income. Do you mean the rel...
by JW-Retired
Sat Oct 13, 2018 10:51 am
Forum: Investing - Help with Personal Investments
Topic: how to put different ETF in different accounts
Replies: 27
Views: 1126

Re: how to put different ETF in different accounts

1) we have about 1.3 million of investable asset. Should I hire a professional manager to manage it for me? I understand bogleheads advocates for low fee index fund investing. But what're the pros/cons of hiring a financial advisor in consideration of my asset in terms of planning for early retirem...
by JW-Retired
Sat Oct 13, 2018 10:13 am
Forum: Investing - Help with Personal Investments
Topic: Any Fidelity Puritan Fund (FPURX) investors?
Replies: 11
Views: 438

Re: Any Fidelity Puritan Fund (FPURX) investors?

Market rebounded a bit yesterday, but Fidelity Puritan Fund (FPURX) down 5.44% Any ideas of whats going on there? To make looking easier....... If you use the growth of $10k charts in morningstar it assumes you are reinvesting the distributions. The rebound gets shown there. https://quotes.mornings...
by JW-Retired
Thu Oct 11, 2018 10:16 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7401
Views: 1552204

Re: U.S. stocks in freefall

We can't worry about it. On Monday Oct 3rd I re-balanced equities back down about 5 points to my 60/40 target AA. No reason except it was at the edge of the band and I had a whim. Nothing like oldster good luck! We take RMDs pro-rata and only do high equities side re-balancing. I'm liking this minim...
by JW-Retired
Fri Oct 05, 2018 8:04 am
Forum: Investing - Theory, News & General
Topic: Is there a best time to do a Roth conversion?
Replies: 11
Views: 1638

Re: Is there a best time to do a Roth conversion?

In the interest of lowering RMDs at 70.5, is there a best time for the conversion? 1) Are there times when you shouldn't bother converting and stick with tax-deferred accounts? 2) Should you convert as soon as possible? 3) Should you wait until you're retired, even though your balance may be higher...
by JW-Retired
Thu Oct 04, 2018 9:45 am
Forum: Investing - Help with Personal Investments
Topic: Fungible taxable savings=what to do with Asset Allocation
Replies: 16
Views: 611

Re: Fungible taxable savings=what to do with Asset Allocation

Based on a post by KlangFool, I decided that my taxable savings is fungible and moved it all into one account with no bins. Then I took a look at what that did to my overall AA. In reality, nothing changed, but mentally I have gone from a 60/40 AA (25% international) to a 54/34/11 AA. Not sure what...
by JW-Retired
Thu Oct 04, 2018 9:06 am
Forum: Investing - Help with Personal Investments
Topic: Opinion's: Best time to withdraw RMD's when required to do so.
Replies: 42
Views: 3258

Re: Opinion's: Best time to withdraw RMD's when required to do so.

I received a reply to convert my RMD's into a ROTH, a little bit at a time in order not to get into a higher tax bracket Question: Without any earned income, how can I convert my RMD's into a ROTH? As retired2013 said, RMDs cannot be conversions, and you cannot make Roth contributions without earne...
by JW-Retired
Wed Oct 03, 2018 7:24 pm
Forum: Investing - Help with Personal Investments
Topic: My biggest mistake - market timing
Replies: 62
Views: 8945

Re: My biggest mistake - market timing

We sat together over the weekend and reflected on what we did and agreed on what to do going forward. Given his nature, he promised me not to look at the accounts ever again, especially when the market is in red and to ignore the noise about the market. I trust him. I am coming up with AA of 70/30 ...
by JW-Retired
Wed Oct 03, 2018 9:36 am
Forum: Investing - Help with Personal Investments
Topic: After-tax should I buy 2050 VFIFX or Admiral?
Replies: 7
Views: 569

Re: After-tax should I buy 2050 VFIFX or Admiral?

I am stick to it investor so I will likely whatever methodology for decades. I don't mess with my strategy in the short term. What do you think makes more sense for after-tax investing? Mirror VFIFX in Admiral shares or just buy VFIFX? I'll add my vote to "Mirror VFIFX in Admiral shares". Mainly be...
by JW-Retired
Tue Oct 02, 2018 8:58 am
Forum: Investing - Help with Personal Investments
Topic: Bonds... Why do people bother with them. ?
Replies: 71
Views: 7338

Re: Bonds... Why do people bother with them. ?

OP, In a recession, stock market crashes and many people lost their jobs. If you are one of them, how long before you used up the emergency fund and start selling your stock at a big loss? Yes exactly OP! This is the big reason for a 30 year old to have some useful amount of bonds. In any fairly de...
by JW-Retired
Tue Oct 02, 2018 8:07 am
Forum: Investing - Help with Personal Investments
Topic: Help with 401k fund choice please!
Replies: 30
Views: 1802

Re: Help with 401k fund choice please!

29yo looking for advice on 401k fund choice. Currently I have all my funds in KP Retirement Path 2055 Fund (ER 0.45%), but am thinking about moving them to a fund with a lower ER. My options are below: Balanced Funds: VWENX Bond Funds: VBMPX Domestic Stock Funds: ACAZX KPSCX VFTNX VITPX VPMAX VIVIX...
by JW-Retired
Mon Oct 01, 2018 8:15 pm
Forum: Investing - Help with Personal Investments
Topic: My biggest mistake - market timing
Replies: 62
Views: 8945

Re: My biggest mistake - market timing

I am in mid 30's and DH is early 40s. My risk tolerance is relatively high. Due to the pressure from DH, i gave in and agreed to convert it to cash. Cash saving isn't likely to give you a comfortable retirement, but in the near term market losses are quite possible. What's going to be different nex...
by JW-Retired
Mon Oct 01, 2018 9:25 am
Forum: Investing - Help with Personal Investments
Topic: Do Bonds Go in Taxable?
Replies: 70
Views: 6046

Re: Do Bonds Go in Taxable?

A large portion of our bonds (~85%) are in tax deferred accounts. The rest is a small amount of my state's munis in taxable.

I really don't get any taxable bonds in taxable argument? :shock:
JW
by JW-Retired
Sun Sep 30, 2018 8:28 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for advice on whether to participate in Deferred Compensation Plan
Replies: 18
Views: 2026

Re: Looking for advice on whether to participate in Deferred Compensation Plan

I participated with my companies Deferred Comp plan to a limited extent. I chose the 5 year payment option with the idea that I would use it as a bridge from my age 65 retirement date to delay until age 70 SS. The years of payback couldn't be changed so once my 5 year plan balance got large enough I...
by JW-Retired
Sat Sep 29, 2018 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: Can I Hold Off "Upgrading" to Vanguard Brokerage until 2019?
Replies: 45
Views: 4610

Re: Can I Hold Off "Upgrading" to Vanguard Brokerage until 2019?

Last fall we "upgraded" our Vanguard taxable account that had been a Vanguard mutual fund only for the prior 30 years. I did it with phone assistance from a Vanguard helper. I recall she did ask if I wanted to do our IRA accounts as well, but didn't seem to care at all when I just said no. I see no ...
by JW-Retired
Thu Sep 27, 2018 3:28 pm
Forum: Personal Consumer Issues
Topic: Am I the only one...[using multiple accounts]
Replies: 27
Views: 1364

Re: Am I the only one...

Not for any different uses just habit. We have used the same joint credit union checking & savings accounts for 40+ years, and one older bank checking account years longer. We have always kept the old bank account as it had a much more convenient ATM. We feed the bank account with SS and the credit ...
by JW-Retired
Thu Sep 27, 2018 1:56 pm
Forum: Investing - Theory, News & General
Topic: Social Security and Asset Allocation
Replies: 50
Views: 4949

Re: Social Security and Asset Allocation

My goal is to have a 50/50 Stock and Bond Asset Allocation. I calculate a NPV of my Social Security Benefit and include it in my bond allocation. Any thoughts on this? This is what Bogle himself says to do. I like the idea. I don't like it because nobody can tell what Bapple is holding in his actua...
by JW-Retired
Thu Sep 27, 2018 9:27 am
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 293
Views: 25217

Re: What is your single most expensive mistake?

Classic investing mistake! In 1996 I just knew the stock market couldn't keep rising much longer, so I made a big reduction down to about 50% equities in my 401k. Then I got to watch the roaring bull market re-balanced me back to my usual 70-80% stocks. :oops: I was three years too soon! Don't know ...
by JW-Retired
Wed Sep 26, 2018 9:23 am
Forum: Investing - Theory, News & General
Topic: Social Security and Asset Allocation
Replies: 50
Views: 4949

Re: Social Security and Asset Allocation

So does that mean your actual equities and bonds is something different than 50/50? I think our convention here is to tell us your real assets AA, and then you can explain how you came to this AA via the SS is a bond thing. For example, I have a 60/40 AA in my retirement nest egg because I have a go...
by JW-Retired
Mon Sep 24, 2018 3:37 pm
Forum: Investing - Help with Personal Investments
Topic: Any reason to leave the 401(k) with previous employer open
Replies: 25
Views: 2559

Re: Any reason to leave the 401(k) with previous employer open

Given that any other reasons to leave the account open, such as non investment related issues? asset protection, early withdrawal, or anything else I am missing. Rollover can be done anytime to Vanguard, the only real advantage I see is consolidation of funds into larger pool. The two accounts (IRA...
by JW-Retired
Mon Sep 24, 2018 1:00 pm
Forum: Investing - Theory, News & General
Topic: Another SS question - unique situation
Replies: 5
Views: 1048

Re: Another SS question - unique situation

With your ten year age difference it is quite likely to pay for you to understand how this works. The survivor does get to choose one benefit or the other to start with, and keep deferring the other one for later..... e.g., take the reduced survivor benefit when they are 60 and defer their own benef...
by JW-Retired
Mon Sep 24, 2018 9:57 am
Forum: Investing - Help with Personal Investments
Topic: Any reason to leave the 401(k) with previous employer open
Replies: 25
Views: 2559

Re: Any reason to leave the 401(k) with previous employer open

Given that any other reasons to leave the account open, such as non investment related issues? asset protection, early withdrawal, or anything else I am missing. Rollover can be done anytime to Vanguard, the only real advantage I see is consolidation of funds into larger pool. The two accounts (IRA...
by JW-Retired
Sun Sep 23, 2018 11:56 am
Forum: Investing - Help with Personal Investments
Topic: How do I allocate social security in retirement?
Replies: 19
Views: 1866

Re: How do I allocate social security in retirement?

Should I consider my social security as income received from my fixed income portfolio? If so would I then allocate more of my investment portfolio to equities and less to cash and bonds? It depends. If you are choosing your AA by the old rule of "age in bonds" and you consider SS income as bond-li...
by JW-Retired
Sat Sep 22, 2018 8:07 pm
Forum: Investing - Help with Personal Investments
Topic: How to fund education for grandchildren: various strategies? Help?
Replies: 23
Views: 1363

Re: How to fund education for grandchildren: various strategies? Help?

I am one of those who uses the expression "man plans and God laughs". If you could afford it I just think it's best to pay for it when the time comes. You can write the check directly to the educational Institution. But this gets back to my point about allowing the parents to plan. “I’ll write a ch...
by JW-Retired
Sat Sep 22, 2018 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Estate Planning Attorney Says Putting tIRA in a Revocable Trust is "Complicated" - True?
Replies: 45
Views: 3257

Re: Estate Planning Attorney Says Putting tIRA in a Revocable Trust is "Complicated" - True?

I don't know but have you considered the 100% DIY approach? Split your IRA accounts into two (or more) and put different beneficiaries on each account. IMO, that has to be the lowest cost and least complicated thing. JW I don't understand how you would do this. There is one beneficiary (daughter) u...
by JW-Retired
Sat Sep 22, 2018 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Estate Planning Attorney Says Putting tIRA in a Revocable Trust is "Complicated" - True?
Replies: 45
Views: 3257

Re: Estate Planning Attorney Says Putting tIRA in a Revocable Trust is "Complicated" - True?

So, the purpose of a trust for the IRAs is to support her during her life (and any children, spouses, if that situation changes), but donate the money to various charities upon her death. Is this too ambitious, impractical or unrealistic? I don't know but have you considered the 100% DIY approach? ...
by JW-Retired
Fri Sep 21, 2018 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Question re SS Restricted Application for Benefits
Replies: 3
Views: 309

Re: Question re SS Restricted Application for Benefits

I am old enough to qualify for this and I intend to do so when I am 66 waiting until I am 70 to claim benefits under my own work record.. My wife intends to file for her benefits when she turns 65 approximately one month before I file my restricted application. In this situation would I be entitled...
by JW-Retired
Fri Sep 21, 2018 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 9383

Re: Delaying Social Security Until 70

We took it a 62 and now in late sixties. I know we've used a couple of hundred thousand of SS money while ours continued to grow. A bird in the hand kind of thing. I have zero regrets!! .............. .............. I'm happy 😀 IMO, it's more like you caught the bird in the bush. The US stock marke...
by JW-Retired
Thu Sep 20, 2018 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Best Way to Apply for Social Security Widow Benefits and More
Replies: 15
Views: 1289

Re: Best Way to Apply for Social Security Widow Benefits and More

I believe that I can receive 100% of my husband's benefit at my full retirement age, then switch to my own benefit at age 70. I am not sure that this is advantageous (I don't know that my benefit at 70 will be more than his benefit amount), but I know that his benefit will be more than mine at age ...
by JW-Retired
Thu Sep 20, 2018 10:22 am
Forum: Personal Finance (Not Investing)
Topic: What is a reasonable fee charged by financial planners?
Replies: 30
Views: 2245

Re: What is a reasonable fee charged by financial planners?

I already have my plan in Excel but am running into its limitations for determining optimization strategies on such things as when to take SS, when to turn on distributions of several retirement accounts, and possible need to do Roth conversion. Trying to avoid tax torpedo at age 70. I admit I'm di...
by JW-Retired
Thu Sep 20, 2018 9:47 am
Forum: Investing - Help with Personal Investments
Topic: Roth Income Limit
Replies: 9
Views: 871

Re: Roth Income Limit

What happens if I make contributions to the Roth IRA, and then I find out later that my contribution is reduced? This happens all the time and it can be undone if you fix it before your taxes are filed. Google "what happens if you contribute to a roth ira but made too much money",............ or an...
by JW-Retired
Wed Sep 19, 2018 8:05 pm
Forum: Investing - Help with Personal Investments
Topic: need advice about my 401(k) from previous employer
Replies: 3
Views: 252

Re: need advice about my 401(k) from previous employer

SeekingAdviceVA wrote:
Wed Sep 19, 2018 7:14 pm
Any thoughts? Do I need share any other information?
Of course you do. It's all about which 401k has good investment choices and low costs.

If the previous one is better hang on to it.
JW
by JW-Retired
Tue Sep 18, 2018 6:59 pm
Forum: Investing - Help with Personal Investments
Topic: Help with limited 401k fund options
Replies: 7
Views: 470

Re: Help with limited 401k fund options

I think your funds show some promise..... but you need to look in your 401k information to determine the expenses. What we can find on the internet for individuals buying these funds directly can be a lot different. Usually higher expenses in the 401k but not always.
JW
by JW-Retired
Tue Sep 18, 2018 10:42 am
Forum: Investing - Theory, News & General
Topic: Argument for taking social security before 70. Comments?
Replies: 134
Views: 10176

Re: Argument for taking social security before 70. Comments?

Taking SS early causes a number of issues not directly related to the funds received when you take them early: - limiting Roth conversions - limiting survivor benifits (especially valuable with age differences) - Ability to lower taxes after 70 - Ability to lower taxes as a single filer later on - ...
by JW-Retired
Sun Sep 16, 2018 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 9383

Re: Delaying Social Security Until 70

Not much notice here that SS income is more lightly taxed then most all other retirement income. It really is a huge deal if you live in a high tax state that has a 9+% income tax on everything but SS. My fairly high Fed+State marginal income tax rate on RMDs & pension is 1.46x bigger than the margi...
by JW-Retired
Sun Sep 16, 2018 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 9383

Re: Delaying Social Security Until 70

So as I understand that I could take my SS at 66. My wife is younger by 3 years and has a bigger ss coming. If she plan on taking at 70 but dies on the way. At my 70 I can switch to her SS that she would get at 70. I'll try. Her plans don't matter just her age at date of death, and your age only ma...
by JW-Retired
Sat Sep 15, 2018 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Leasing Cars in Retirement
Replies: 98
Views: 7561

Re: Leasing Cars in Retirement

Your thread is timely! We are in the market for a new car soon and I hadn't given a thought about leasing until this thread. We have been in the habit of keeping cars 10+ years (it's 20 for our commute car we now drive very little). One of the reasons for that is I just detest buying cars. :oops: I...
by JW-Retired
Fri Sep 14, 2018 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing Cars in Retirement
Replies: 98
Views: 7561

Re: Leasing Cars in Retirement

Wanted to get others thoughts on leasing cars in retirement in lieu of triggering an additional taxable event by spending down investments. Thinking $350 or so monthly for three years within mileage allowances, wash and repeat. Pluses are covered maintenance and investments continue to grow. Please...
by JW-Retired
Fri Sep 14, 2018 5:53 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Excess Contribution options
Replies: 8
Views: 286

Re: Roth IRA Excess Contribution options

How did you get the all the money into the Roth? If it came from gains in the Roth you have no problem. JW Hi JW, Sorry for the confusion. All of this took place in my Roth IRA. I just listed those other accounts in case it was relevant to my options. The balances are a starting balance Jan 1, 2018...
by JW-Retired
Fri Sep 14, 2018 5:35 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Excess Contribution options
Replies: 8
Views: 286

Re: Roth IRA Excess Contribution options

Hi all I made a partial contribution of around $900 in January 2018. I then sold out of a large equity position in March 2018. I contributed the rest of the $4600 contribution after I sold the equity. The selling of the equity put me over the income limit for contributions for 2018. I am not eligib...
by JW-Retired
Fri Sep 14, 2018 11:54 am
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 152
Views: 11731

Re: Age in Bonds - Still Recommended?

IMO, some bonds make sense since you may need to take serious money from your retirement savings even well before you want to retire. Big personal or general long term emergencies do sometimes happen. It's also very possible that both sorts of emergencies will hit you at the same time. If you lose y...
by JW-Retired
Thu Sep 13, 2018 8:34 am
Forum: Investing - Help with Personal Investments
Topic: Another high expense-ratio 401(k), Help!
Replies: 22
Views: 1286

Re: Another high expense-ratio 401(k), Help!

After a year and a quarter, I am finally able to participate at my (<10 employees) organization's 401(k) plan. I wasn't expecting great expense ratios, but I was surprised with the combination of high expense ratios, few selections, and basically a lack of index funds (only one!!! :oops: ) I've tri...
by JW-Retired
Wed Sep 12, 2018 10:20 am
Forum: Investing - Theory, News & General
Topic: Argument for taking social security before 70. Comments?
Replies: 134
Views: 10176

Re: Argument for taking social security before 70. Comments?

The following is copied from a post by an investor at the the Fidelity website. I assume I am not violating any rules by reproducing it here. The author makes an argument for taking social security benefits at age 66. It would be very interesting to hear what some of the sharp minds here have to sa...
by JW-Retired
Tue Sep 11, 2018 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: backdoor Roth conversion - is this is correct?
Replies: 12
Views: 1009

Re: backdoor Roth conversion - is this is correct?

Also, there likely will be a smallish taxable event on this conversion based on the gains accrued by your after-tax investments while in the tIRA... I need to check this out. Everything I have read so far has stated that any gains realized by my post tax contributions now become become "pre-tax" by...
by JW-Retired
Tue Sep 11, 2018 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: backdoor Roth conversion - is this is correct?
Replies: 12
Views: 1009

Re: backdoor Roth conversion - is this is correct?

Yes, correct to both your questions.

For any year there were any non-deductible contributions, have you documented all with IRS 8606 forms? That would make this quite easy.
JW