Search found 6116 matches

by JW-Retired
Thu May 25, 2017 12:45 pm
Forum: Investing - Help with Personal Investments
Topic: Avoiding Taxes with RMD
Replies: 19
Views: 1889

Re: Avoiding Taxes with RMD

In 2016 I had a calm tax year, owed no taxes and only used the itemized deductions thanks to some medical costs. I have lived off of money that was already taxed and a small pension, and delay social security until 70. By "owed no taxes" do you mean you paid zero income tax in 2016? If so...
by JW-Retired
Thu May 25, 2017 11:44 am
Forum: Investing - Help with Personal Investments
Topic: Roth Conversions Post Retirement
Replies: 14
Views: 1065

Re: Roth Conversions Post Retirement

I regularly see threads here that suggest that conversions to Roth are a "no brainer" up to 15% tax bracket. My "problem" is that my (non COLA) pension plus two immediate annuities pay at $225,000 per year. This, with dividends from my after tax portfolio (essentially all in VTI...
by JW-Retired
Thu May 25, 2017 9:12 am
Forum: Personal Consumer Issues
Topic: Should I drink or sell my Pappy 12 year?
Replies: 32
Views: 3361

Re: Should I drink or sell my Pappy 12 year?

CheapFool wrote:..... won the option of buying 1 bottle of Pappy Van Winkle 12 year.

Buying at what price compared to retail?
JW
by JW-Retired
Thu May 25, 2017 8:22 am
Forum: Investing - Help with Personal Investments
Topic: Roth Conversions Post Retirement
Replies: 14
Views: 1065

Re: Roth Conversions Post Retirement

I regularly see threads here that suggest that conversions to Roth are a "no brainer" up to 15% tax bracket. My "problem" is that my (non COLA) pension plus two immediate annuities pay at $225,000 per year. This, with dividends from my after tax portfolio (essentially all in VTI...
by JW-Retired
Wed May 24, 2017 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Verifying IRS expectations on Inherited IRA
Replies: 20
Views: 879

Re: Verifying IRS expectations on Inherited IRA

On a "standard" IRA, there is a Form 5428 that is issued every May that tells the owner what the expected RMD was supposed to be. I've taken IRA RMDs for several years but have never seen a Form 5428? Goggle didn't seem to know of a 5428 that seems relevant either. As others pointed out, ...
by JW-Retired
Tue May 23, 2017 10:06 am
Forum: Investing - Help with Personal Investments
Topic: Contribution pre/post/Roth?
Replies: 20
Views: 1063

Re: Contribution pre/post/Roth?

Your current tax bracket and what you might estimate it to be in the future, determines whether you should be doing a Roth or tax-deferred 401k now.
If it's a low bracket now and you expect it be higher later, Roth may be fine for now.
JW
by JW-Retired
Tue May 23, 2017 8:41 am
Forum: Investing - Help with Personal Investments
Topic: Confused -- Roth vs Traditional IRA
Replies: 8
Views: 600

Re: Confused -- Roth vs Traditional IRA

I am a 30 year old currently making $175,000 yearly. I have a 403(b), 457(b) account available to me through my job. Would I be better served putting money into a Traditional IRA rather than a Roth IRA? .................. If I happen to make more money and would not qualify for a Roth IRA, would pu...
by JW-Retired
Tue May 23, 2017 8:10 am
Forum: Investing - Theory, News & General
Topic: 401k vs Pension
Replies: 15
Views: 1249

Re: 401k vs Pension

You need both. Teachers in Texas don't pay into social security so basically the pension is just replacing that.

IMO, relying on just this single retirement income source will be a pretty lean retirement.
JW
by JW-Retired
Wed May 17, 2017 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Planning for retired parents
Replies: 10
Views: 787

Re: Tax Planning for retired parents

They both have pensions so they wouldn't have had much space left in the 15% bracket to do much converting anyways even without his SS. I'm not sure if it's worth it to start withdrawing/converting at 25%, that's what the modeling is for I suppose. If one of them were to pass the other gets half of...
by JW-Retired
Wed May 17, 2017 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Delay SS, but claim if market plunges
Replies: 49
Views: 3981

Re: Delay SS, but claim if market plunges

Since the biggest threat to a portfolio is a bad sequence of returns early on in retirement, my delaying SS to 70 would exacerbate such a bad sequence of returns. I'm wondering whether a strategy would be to delay SS, but if the market has a large drop (e.g. 25% or more) in the region between my re...
by JW-Retired
Wed May 17, 2017 8:40 am
Forum: Investing - Help with Personal Investments
Topic: ROTH Conversion Goal
Replies: 13
Views: 766

Re: ROTH Conversion Goal

Thanks, I was thinking the calculus was going to be a bit fuzzy as there are a lot of variables to consider. I suppose that's by design... IMO, it's not fuzzy at all if you can estimate your income mix after age 70. How much pension, SS, RMD, interest/dividends, other. Once we retire that becomes a...
by JW-Retired
Tue May 16, 2017 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Planning for retired parents
Replies: 10
Views: 787

Re: Tax Planning for retired parents

They are retired yes. Dad started SS at 62, Mom plans to start taking at 62 - their earnings are comparable. Mom is questioning why she would wait until 70. If she takes SS early then she will probably be maximizing her federal + state tax rates and minimizing the SS income that the last to die sur...
by JW-Retired
Tue May 16, 2017 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Tax Planning for retired parents
Replies: 10
Views: 787

Re: Tax Planning for retired parents

My parents are looking for advice on how to handle their traditional 401k/IRA money. 59 & 64 Pension + SS = 72K/year take home pay (covers all expenses) 401k/IRA = 1.4M If they leave it as is then at 70 they will be forced to take RMD's I believe. Would they be better to start withdrawing or Ro...
by JW-Retired
Mon May 15, 2017 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: 401(k) Plan Advisor Recommendation
Replies: 6
Views: 574

Re: 401(k) Plan Advisor Recommendation

Good evening, I am an officer and fiduciary for a 401(k) fund with around $50MM in assets. I am currently disappointed with our current advisor, who favors active management, high fees and underwhelming performance. I'm confused by you wanting an "advisor'? Are you really looking for a middlem...
by JW-Retired
Sun May 14, 2017 9:29 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth screw up?
Replies: 7
Views: 747

Re: Backdoor Roth screw up?

3) I tried to convert on Friday to Roth and received message that the two funds do not "settle until May 17 so only partial convert could be done? After Friday the account reflects a value of $6,508.65 so there is small gain? I am questioning if I should just leave as an IRA? It's just that we...
by JW-Retired
Thu May 11, 2017 8:10 am
Forum: Investing - Help with Personal Investments
Topic: Traditional IRA/Roth/Tax Advantaged accounts
Replies: 10
Views: 795

Re: Traditional IRA/Roth/Tax Advantaged accounts

If you contribute to your 401k & your wife contributes to her 403b, that will decrease your MAGI (gross income-401k/403b contributions). Those contributions may decrease your MAGI enough to bring your MAGI down enough to contribute to a regular Roth IRA. bill Thanks for your reply, I keep findi...
by JW-Retired
Tue May 09, 2017 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: 401K- do I need to change anything?
Replies: 6
Views: 661

Re: 401K- do I need to change anything?

Expense ratio for this fund is 0.11. I feel that it is all stocks and would like to have bond ~ 20%. I do not have other asset or investment at this time. Planning to invest little more soon. Thank you for your reply. That's a good expense ratio. If you want 20% bonds then a very reasonable thing t...
by JW-Retired
Tue May 09, 2017 11:20 am
Forum: Investing - Help with Personal Investments
Topic: 401K- do I need to change anything?
Replies: 6
Views: 661

Re: 401K- do I need to change anything?

We prefer to cover the market and also minimize expenses. You get the market coverage with target date funds but sometimes they are too expensive.

What are the target date fund expense ratios compared to their separate index fund components?
JW
by JW-Retired
Tue May 09, 2017 11:03 am
Forum: Investing - Help with Personal Investments
Topic: Question about Target Date Funds
Replies: 5
Views: 403

Re: Question about Target Date Funds

If I confused you, I'm really asking is the stock/bond mix in the target date fund enough, or do I need a fixed income portion. The bond (fixed income) portion of your portfolio is something the investor needs to choose for themselves. You didn't say what's in your previous 401k but you have a fixe...
by JW-Retired
Tue May 09, 2017 9:33 am
Forum: Investing - Help with Personal Investments
Topic: small change left over in IRA from backdoor conversion--what should I do
Replies: 7
Views: 571

Re: small change left over in IRA from backdoor conversion--what should I do

livesoft wrote:There is no reason to not convert the leftover money today. In fact, do it right now.

Yes, and next time choose the "all shares" box telling Vanguard how much to convert. That has invariably left a zero balance when I've done it.
JW
by JW-Retired
Mon May 08, 2017 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: When spousal benefits stop
Replies: 14
Views: 2454

Re: When spousal benefits stop

I am still looking for a Boglehead who has gone through this process changing from spousal benefits to your own using the Social Security site, so I will know what to anticipate. Sorry, can't help with that. I had poor results when I tried to do restricted to spousal benefits online at age 66. So w...
by JW-Retired
Mon May 08, 2017 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: My daughter Pepsi shares - where are they??
Replies: 4
Views: 1186

Re: My daughter Pepsi shares - where are they??

Always passive wrote:.
Where can I search for them?

You are in Israel now, but did you live in the USA when you bought the shares? If so, and you know the state, you could look in the lost property web site for that state under your name and your daughter's name.
JW
by JW-Retired
Mon May 08, 2017 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Not Credited to Account Question
Replies: 7
Views: 644

Re: Social Security Not Credited to Account Question

As a practical matter, would it make much difference in my Full Retirement Age Income of $2723 monthly if I spent the hour waiting on the phone to try to clear up this matter with the Social Security Administration? Since there is no time urgency for this my suggestion is you make a phone appointme...
by JW-Retired
Sun May 07, 2017 9:26 am
Forum: Investing - Theory, News & General
Topic: 200-day moving average market timing
Replies: 1193
Views: 394089

Re: 200-day moving average market timing

AlohaJoe wrote:But also because I know that many on that thread -- JW-Retired, Erwin, BlueEars, and so on -- are still active so I'm curious if they ever tried out 200-day moving average in practice in the years after that epic mega thread?

Nope, not since I quit it around 6 or 7 years ago.
JW
by JW-Retired
Sun May 07, 2017 7:56 am
Forum: Investing - Help with Personal Investments
Topic: Really need some advice for a 401k rollover after forced retirement
Replies: 21
Views: 1292

Re: Really need some advice for a 401k rollover after forced retirement

jhford58, This thread should give you little background from another Raymond James refugee. https://www.bogleheads.org/forum/viewtopic.php?t=186825 And this short read & free pdf mini-book for beginning investors is something all investors would benefit from. The author Dr. William J. Bernstein ...
by JW-Retired
Sat May 06, 2017 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Safe Retirement at 62?
Replies: 20
Views: 3878

Re: Safe Retirement at 62?

Currently: Him 56, Her 54 ......................... Him old frozen pension 13K Him SS 23K Her SS 20K ........................ We can easily live on $6K/month, leaving $3K/month for medical coverage. Does this sound like a high probability of being a successful retirement, any glaring mistakes? Inst...
by JW-Retired
Fri May 05, 2017 9:26 am
Forum: Investing - Theory, News & General
Topic: SS and tax by state and Ira
Replies: 1
Views: 357

Re: SS and tax by state and Ira

Any Roth conversions should be done before you start SS benefits. Taking SS income in the same year you are converting tIRA assets to your Roth multiplies your Federal taxes. Just spend down your IRA and delay SS to 70. Your tax rate in retirement will be substantially less. See https://www.boglehea...
by JW-Retired
Thu May 04, 2017 6:05 pm
Forum: Investing - Theory, News & General
Topic: 457K fees too high?
Replies: 12
Views: 682

Re: 457K fees too high?

I have a government 457K plan through ICMA and saw that their expense for my account averages to 1.245 percent. Are there any fund choices in the the 457 with lower expenses? JW Right now my asset break down is as follows: VT PLUS 3.9% (1.36% expense) VT Vantagepoint Cor Bnd Idx 3.9% (1% expense) V...
by JW-Retired
Thu May 04, 2017 2:13 pm
Forum: Investing - Theory, News & General
Topic: 457K fees too high?
Replies: 12
Views: 682

Re: 457K fees too high?

I have a government 457K plan through ICMA and saw that their expense for my account averages to 1.245 percent. Are there any fund choices in the the 457 with lower expenses? If so, could you list the 3 or 4 with the lowest expense ratios? Often when we ask we can point to something that can be tol...
by JW-Retired
Thu May 04, 2017 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Witholding
Replies: 9
Views: 715

Re: Social Security Witholding

For those of you have begun ss what % do you have withheld for federal income tax? I'm trying to decide between high withholding or pay tax on quarterly estimates. I should be very close to the maximum amount of payout for a 70 year old. We can't possibly know what might be best for you because the...
by JW-Retired
Mon Apr 24, 2017 9:59 am
Forum: Investing - Help with Personal Investments
Topic: [Should I get an advisor?]
Replies: 14
Views: 1147

Re: [Should I get an advisor?]

I am moving my company retirement to Vanguard currently so will have many more options to invest and a Roth alternative in future. .................................. We have after tax 4.2 million, after tax with Vanguard, pretax wife 1.7 and pretax me at 1.4 million. With $3M in the 401ks you might...
by JW-Retired
Sun Apr 23, 2017 8:37 am
Forum: Investing - Theory, News & General
Topic: Does Knowledge of Fellow Employees’ Retirement Contributions Encourage Greater Participation?
Replies: 13
Views: 1405

Re: Does Knowledge of Fellow Employees’ Retirement Contributions Encourage Greater Participation?

There is a company/organization that provides statistics on 401k plans. I don't remember who they are off the top of my head. The thing that has always struck me is the percentage of participants that contribute enough to get the full match is not as high as you would think. One I have linked is br...
by JW-Retired
Fri Apr 21, 2017 10:00 am
Forum: Investing - Help with Personal Investments
Topic: Hedging against divorce
Replies: 17
Views: 4371

Re: Hedging against divorce

What if the mutual funds, in non-retirement accounts, are owned jointly? Can one name simply be removed, or is that considered a "transfer?" You can certainly "transfer" shares from one joint account to another individual persons account and the cost basis goes with it. No tax i...
by JW-Retired
Fri Apr 21, 2017 9:09 am
Forum: Investing - Help with Personal Investments
Topic: Grandparent's Variable Annuity and Edward Jones
Replies: 9
Views: 1608

Re: Grandparent's Variable Annuity and Edward Jones

I do hear the comment often here, that if you are using the "safe withdrawal rate" of 4%, and the advisor gets 1% AUM + funds have a 1%+ ER cost, that is 1/2 or 50% of your retirement income going to the advisor. 3CheersforLkyJack, Note that on top of this 50% safe retirement income cut, ...
by JW-Retired
Wed Apr 19, 2017 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Social Security - Collect While Working?
Replies: 13
Views: 1278

Re: Social Security - Collect While Working?

Currently, either income would quickly exceed the earnings limit - a nice problem to have. Does it make sense tax-wise for the spouse with the lower benefit to begin SS at 62 given these conditions and the earnings penalty? The earnings test is by the month, so prior to full retirement age taking S...
by JW-Retired
Mon Apr 17, 2017 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: "Vanguard's free RMD Service: Sign up before you turn 70½"
Replies: 23
Views: 2664

Re: "Vanguard's free RMD Service: Sign up before you turn 70½"

I sure don't recall ever signing up for a RMD service. Even so, when I go to take my RMD (always early in the year) Vanguard still tells me how much my RMD should be on the withdrawal screen. I've checked and they are giving me the correct amount. They have my DOB in their files so they should have ...
by JW-Retired
Mon Apr 17, 2017 11:13 am
Forum: Personal Finance (Not Investing)
Topic: take pension or not..Help?
Replies: 12
Views: 1567

Re: take pension or not..Help?

We need more information but I would probably spend savings and delay his pension a year. Does this pension have a cola and/or survivor benefits? More important in my opinion, your 1st priority ought to be to maximize social security for the higher earner. Judging by the sizes of your pensions, it w...
by JW-Retired
Sun Apr 16, 2017 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 129
Views: 12703

Re: Do you have an umbrella policy?

sherwink wrote: I carry $5M in umbrella insurance as the last line of defense. .....

Yep, same here. It's only $550 for $5M, which IMO is a fantastic bargain given the vast number of high salaried people sharing the freeway near me.
JW
by JW-Retired
Sun Apr 16, 2017 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: Is it possible to gift an IRA?
Replies: 5
Views: 516

Re: Is it possible to gift an IRA?

I'd love my kids to start an IRA account NOW while they are young (20s). Can I create an IRA account in their name with modest funds and gift it to them? It's their account. They each need to create the account in their name. After that if they give you their account number you can make contributio...
by JW-Retired
Sun Apr 16, 2017 8:30 am
Forum: Personal Finance (Not Investing)
Topic: My kids don't care about saving
Replies: 114
Views: 11350

Re: My kids don't care about saving

I have 4 children ages 24-30, they all have decent paying jobs but when I talk with them about contributing a small percentage to a Roth it falls on deaf ears. I have even gone as far as setting up ROTHS at VG and funded them for the last few years In hopes they would get onboard.....nope. Good gri...
by JW-Retired
Sun Apr 16, 2017 7:50 am
Forum: Investing - Help with Personal Investments
Topic: Will it be a mistake to buy VTSMX today?
Replies: 39
Views: 4026

Re: Will it be a mistake to buy VTSMX today?

Just set and forget your investment contributions ASAP. I can attest this worked very well for me! Never missed a single bear market investment opportunity because I never stopped investing. :D JW We hear this a lot, but the OP will probably be unemployed throughout that long and deep bear market. ...
by JW-Retired
Sat Apr 15, 2017 9:20 am
Forum: Investing - Help with Personal Investments
Topic: Will it be a mistake to buy VTSMX today?
Replies: 39
Views: 4026

Re: Will it be a mistake to buy VTSMX today?

What are all these talks about a bear market that I have been hearing recently? I am scared. ........................................... Thanks everyone else for bearing with me and my silly questions. As you all can clearly tell, I am very, VERY new to this and learning as I go along. Not a silly ...
by JW-Retired
Fri Apr 14, 2017 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: Quick Help - Your traditional IRA contributions are disallowed due to your AGI...
Replies: 18
Views: 1128

Re: Quick Help - Your traditional IRA contributions are disallowed due to your AGI...

rebellovw, There is a standard way to create two accounts that segregate the tIRA basis portion in one account so you can convert the basis only account to a Roth. The employer should accept the non-basis part if you can say it is free of basis. See.......... http://fairmark.com/retirement/roth-acco...
by JW-Retired
Fri Apr 14, 2017 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Tax question on married filing separately
Replies: 4
Views: 326

Re: Tax question on married filing separately

See http://www.investopedia.com/articles/ta ... rately.asp

I've read that usually MFS makes your taxes worse but there are exceptions.
JW
by JW-Retired
Fri Apr 14, 2017 11:38 am
Forum: Investing - Help with Personal Investments
Topic: How to invest my children's inheritance
Replies: 33
Views: 2833

Re: How to invest my children's inheritance

I'm in a similar situation with less assets in play. I keep my AA at 60%/40%, which seems like a good place if you want reasonable growth without unreasonable risk. I also gift them each year, well less than the allowable max so far, but that might increase as the years go by. Always passive, Also ...
by JW-Retired
Mon Apr 10, 2017 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Kotlikoff: When Should you Take Social Security?
Replies: 258
Views: 37552

Re: Kotlikoff: When Should you Take Social Security?

It's different for everyone based on personal circumstances. My dad is waiting. He's already at full retirement age but still working full-time. He said today that he will get a higher benefit by waiting and he can keep working and earn as much as he wants. I didn't research it but he said there wa...
by JW-Retired
Mon Apr 10, 2017 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: Try to decide 401K or IRA.
Replies: 11
Views: 867

Re: Try to decide 401K or IRA.

I have been contributed max amount allowed by IRA to my 401K at work and not contribute to IRA. This is an odd way to put it? You do understand the there are separate maximums for IRAs and the 401k? If under age 50, you can contribute $5500 to the IRA and $18,000 to the 401k. You can do both these ...
by JW-Retired
Sat Apr 08, 2017 8:38 am
Forum: Investing - Help with Personal Investments
Topic: Monte Carlo app?
Replies: 10
Views: 969

Re: Monte Carlo app?

Vanguard has an extremely easy-to-use Monte Carlo program you should at least try out. https://retirementplans.vanguard.com/VG ... ggCalc.jsf
JW
by JW-Retired
Fri Apr 07, 2017 11:35 am
Forum: Investing - Help with Personal Investments
Topic: [What] to Do When Income Too High for Roth IRA
Replies: 20
Views: 2340

Re: [What] to Do When Income Too High for Roth IRA

ljbadd wrote:The expense ratio of the Vanguard target dates funds are is 0.10.

IMO, a very reasonable choice. 0.10% is better than the VG retail TR funds.

Also, remember that if you change your mind any time down the road it's painless to change things around in a tax-deferred account.
JW

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