Search found 6503 matches

by JW-Retired
Mon Dec 11, 2017 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: RMD and Roth IRA conversions
Replies: 5
Views: 562

Re: RMD and Roth IRA conversions

So it sounds like I will have to wait until she retires. Then start moving money into the Roth IRA up to the 25% tax bracket max. We don't plan to take SS until 67 so that will give us some years to move money into the Roth IRA. Also, we can live the same as now with just my pension. Looks like a g...
by JW-Retired
Mon Dec 11, 2017 10:13 am
Forum: Investing - Theory, News & General
Topic: How should I look at SS and pensions when developing my post-FRA AA?
Replies: 30
Views: 839

Re: How should I look at SS and pensions when developing my post-FRA AA?

How should I look at SS and pensions when developing my post-FRA AA? Should I count them as bonds @ 25x, should I discount them to 20x or 15x, or should I disregard them. It makes sense to me to regard them as guaranteed income streams and subtract them from projected expenses for cash flow purpose...
by JW-Retired
Mon Dec 11, 2017 8:25 am
Forum: Investing - Help with Personal Investments
Topic: RMD and Roth IRA conversions
Replies: 5
Views: 562

Re: RMD and Roth IRA conversions

Is this correct, and is there really a big advantage of starting to moving the money early. My example is that my pension keeps us in the 25% tax bracket. My wife still works but we max out her 401k at work. This keeps us below the Roth IRA contribution salary limits. When she retires in around 7 y...
by JW-Retired
Sun Dec 10, 2017 10:14 am
Forum: Investing - Theory, News & General
Topic: How should I look at SS and pensions when developing my post-FRA AA?
Replies: 30
Views: 839

Re: How should I look at SS and pensions when developing my post-FRA AA?

Simple straightforward question. How should I look at SS and pensions when developing my post-FRA AA? Should I count them as bonds @ 25x, should I discount them to 20x or 15x, or should I disregard them. It makes sense to me to regard them as guaranteed income streams and subtract them from project...
by JW-Retired
Sun Dec 10, 2017 9:40 am
Forum: Investing - Help with Personal Investments
Topic: Does a Boglehead ever time the market?
Replies: 64
Views: 3704

Re: Does a Boglehead ever time the market?

livesoft wrote:
Sun Dec 10, 2017 9:12 am
^I think you may have mis-read "not a few hundred." :) I think the OP may have a 6-figure or more windfall or something like that.
Maybe, but I was thinking 6-figures would have rated at least a "not a few thousand". :D
by JW-Retired
Sun Dec 10, 2017 9:08 am
Forum: Investing - Help with Personal Investments
Topic: Does a Boglehead ever time the market?
Replies: 64
Views: 3704

Re: Does a Boglehead ever time the market?

Wow that is a lot of replies and a lot of info to digest, thanks to everyone for the advice and the time spent replying, its a bit overwhelming I feel like I have dived in head first. For the record I am 34, timeframe is 20 years + and my nestegg is a lump sum, not a few hundred. No offense, but "n...
by JW-Retired
Sat Dec 09, 2017 7:08 pm
Forum: Investing - Help with Personal Investments
Topic: Did I make an irrevocable IRA mistake?
Replies: 6
Views: 619

Re: Did I make an irrevocable IRA mistake?

I've been told that it's more trouble than it's worth to transfer the traditional IRA to a Roth, but I don't want that money to be decimated by taxes when I do finally decide to take it out. It's just a simple "conversion" to a Roth........ Vanguard could do it for you in a jiffy. Not any trouble a...
by JW-Retired
Sat Dec 09, 2017 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Exchanging managed funds for Indexed funds
Replies: 10
Views: 506

Re: Exchanging managed funds for Indexed funds

in a taxable vanguard account i have a mix of indexed and managed funds - i have learned in the past 5 years to only purchase index funds to avoid the yearly tax penalty that comes from managed funds - we have about $ 90,000 in profits in the managed funds plus another $ 40,000 in profits from abou...
by JW-Retired
Sat Dec 09, 2017 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: Exchanging managed funds for Indexed funds
Replies: 10
Views: 506

Re: Exchanging managed funds for Indexed funds

- we have about $ 90,000 in profits in the managed funds plus another $ 40,000 in profits from about 20 stocks my Questions - ideally i would like to 'sell' the managed funds and move into indexed funds - however when does the long term capital gains impact cover the indexed fund advantages. - hard...
by JW-Retired
Fri Dec 08, 2017 11:28 am
Forum: Investing - Help with Personal Investments
Topic: Tax questions about moving taxable to lower ER options
Replies: 5
Views: 337

Re: Tax questions about moving taxable to lower ER options

......... I see Cost Basis and Unrealized Gain/Loss Amount. Is calculating the tax we'd have to pay as simple as .15 * that gain amount? One other consideration. My wife might be moving to a lower paying, but much more rewarding, position next year which might drop us one tax bracket (we're on the ...
by JW-Retired
Fri Dec 08, 2017 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversions: how far should I go in 2017?
Replies: 15
Views: 1271

Re: Roth conversions: how far should I go in 2017?

If I convert to the top of the 25% bracket each year until RMD, I will be able to convert a little more than 40% of my tax deferred assets before RMDs begin. That's probably overstated because - The 40% assumes no growth of the tax deferred portfolio from now to age 70 1/2. - I have assumed no Soci...
by JW-Retired
Thu Dec 07, 2017 9:26 pm
Forum: Personal Consumer Issues
Topic: sharing cost of tree cutting
Replies: 31
Views: 1552

Re: sharing cost of tree cutting

We follow the 100% neighbor safest way for tree trimming. We pay for any/all trimming or removal of my trees, and I only trim neighbors tree limbs back to my fence line. My tree trim guys never set foot on the neighbors ground. If a little something falls in their yard they hook it up over the fence...
by JW-Retired
Thu Dec 07, 2017 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: SSN on job applications
Replies: 33
Views: 1704

Re: SSN on job applications

I’m currently searching for a job. After my last interview, which was definitely the wrong company for me, I immediately regretted putting my social on the application I filled out. If you are serious about this my thought would be to hedge your bets. Hold back your SS number for every other interv...
by JW-Retired
Thu Dec 07, 2017 11:39 am
Forum: Personal Finance (Not Investing)
Topic: What did you do with your first RMD withdrawal money?
Replies: 54
Views: 3424

Re: What did you do with your first RMD withdrawal money?

Nothing special. First and every RMD withdrawal went to withheld taxes and the checking account first. Then it is sooner or later deployed to a combination of spending, family gifting, taxable account investments, and other longer term savings. Like any income.
JW
by JW-Retired
Thu Dec 07, 2017 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Help Me Not Screw Up Back Door Roth
Replies: 3
Views: 340

Re: Help Me Not Screw Up Back Door Roth

You have it if you hold to the requirement that on 12/31/2017 you still do not to have any money in tIRAs, SEP IRAs, Simple IRAs, and rollover IRAs.

And don't forget to practice filling out the 8606 forms so you can tell if your tax software is understanding you.
JW
by JW-Retired
Wed Dec 06, 2017 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement fund suggestion
Replies: 5
Views: 607

Re: Retirement fund suggestion

Where have all your assets been invested in past years? Is Wellington a big change in stock/bond asset allocation?
JW
by JW-Retired
Wed Dec 06, 2017 8:08 pm
Forum: Investing - Help with Personal Investments
Topic: Analyzing Expense Ratios
Replies: 39
Views: 2126

Re: Analyzing Expense Ratios

My work offers a 3% match within their 401K pension plan. The plan has a mix of Oppenheimer, Prudential, and Invesco funds (Class R) available to select from. In my review of these funds the expense ratio is expensive, 1.08% to 1.66% (every one have sub-transfer fee's, front end loads, and 12B fee'...
by JW-Retired
Wed Dec 06, 2017 6:23 pm
Forum: Investing - Help with Personal Investments
Topic: Analyzing Expense Ratios
Replies: 39
Views: 2126

Re: Analyzing Expense Ratios

A personal Roth IRA and a Roth 401k account are independent. You can open a personal IRA with Vanguard or some other low cost fund company and that adds to what you can contribute the 401k. If you are under age 50, a Roth 401k has a $18k/year contribution limit and the Roth IRA adds another $5.5k. O...
by JW-Retired
Wed Dec 06, 2017 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Voya 401k or Not! Not enough in 401ks?
Replies: 13
Views: 877

Re: Voya 401k or Not! Not enough in 401ks?

Can't you do the 2 tIRAs and 3% to the 401k? Even if the match is not very much the tax reduction on 3% is the same.
JW
by JW-Retired
Wed Dec 06, 2017 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Voya 401k or Not! Not enough in 401ks?
Replies: 13
Views: 877

Re: Voya 401k or Not! Not enough in 401ks?

6 years to be vested in the 401k! Meaning they take some of the match back if she leaves earlier. It's a sliding scale so they take less of it back for each of the 5 years so the match is worthwhile after a couple of years. It's been a long time, but I recall my 401k was something like that too. The...
by JW-Retired
Wed Dec 06, 2017 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Voya 401k or Not! Not enough in 401ks?
Replies: 13
Views: 877

Re: Voya 401k or Not! Not enough in 401ks?

While I know I should of been smart after the fact and put in 401k all these years I cant go back and change that mistake. We have 40 years expenses based on my withdrawal rate if we did not cut it so good there so just not sure what is the smart thing to do here. I like just having that extra inco...
by JW-Retired
Tue Dec 05, 2017 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: question about opening Traditional IRA
Replies: 8
Views: 503

Re: question about opening Traditional IRA

mine is already rolled over. my question was i was wondering if there's any way to avoid 3 retirement accounts (my traditional IRA, hubby traditional IRA, hubby's work 401k). Nope, no way to combine yours and hubby IRAs. An IRA is an Individual Retirement Account. Same applies to Roths and employer...
by JW-Retired
Tue Dec 05, 2017 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Spousal Benefit
Replies: 23
Views: 2198

Re: Social Security Spousal Benefit

Using the calculator for SS it advises us that the higher earning spouse should claim at age 70, and the lower earning spouse should claim at full retirement age. The calculator advises us that the lower earning spouse claiming early will lower lifetime benefits. I am trying to figure out why that ...
by JW-Retired
Mon Dec 04, 2017 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Regrets for taking SS at 62 or waiting?
Replies: 100
Views: 9191

Re: Regrets for taking SS at 62 or waiting?

62 or waiting? I'm very happy I waited to 70. It's so calming to know that when I'm gone, dear wife will get the maximum $42k/year (colaed and very tax favored) SS benefit instead of a measly $24k/year. How could we do otherwise? Living in California, I also really like maximizing that lightly taxed...
by JW-Retired
Mon Dec 04, 2017 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Spousal Benefit
Replies: 23
Views: 2198

Re: Social Security Spousal Benefit

I'm surprised no one suggested that she file at age 62 and he immediately files a restricted application on her benefit. She would recive 75% of her PIA (amount of benefit at her FRA), and he would receive 1/2 of her PIA until he turns 70, when he would file for his own benefit. This is likely the ...
by JW-Retired
Sun Dec 03, 2017 8:47 pm
Forum: Investing - Help with Personal Investments
Topic: Tax implications of balancing/exchanging funds
Replies: 9
Views: 573

Re: Tax implications of balancing/exchanging funds

1) I understand that I'd pay taxes on the capital gains of an exchange, but are there any strategies that could lower this? For example, a) Is there a certain amount to move per year over the course of several years that would lower my overall tax burden? We can't tell. The capital gains tax rate c...
by JW-Retired
Sun Dec 03, 2017 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Spousal Benefit
Replies: 23
Views: 2198

Re: Social Security Spousal Benefit

I am 31 and have a long time until Social Security will be on my mind, however my dad is 67 (68 in March) and my mom is 61 (62 in January) so they are right in this time frame. Since he is older and your Dad's benefit is much larger, a strong reason for him to wait until age 70 to take his SS is to...
by JW-Retired
Sun Dec 03, 2017 9:42 am
Forum: Investing - Help with Personal Investments
Topic: cash out pension or no?
Replies: 9
Views: 1138

Re: cash out pension or no?

i can start collecting a pension when i'm 50 or have it cashed out. which scenario would be the best? of course i don't know how long i'll live so there's that wild card. age 50 collect $800/month or cash out $140K age 55 collect $1200/month or cash out $230K age 60 collect $1800/month or cash out ...
by JW-Retired
Sat Dec 02, 2017 8:49 pm
Forum: Personal Consumer Issues
Topic: Electric Car (Nissan Leaf) for a teen driver?
Replies: 43
Views: 3096

Re: Electric Car (Nissan Leaf) for a teen driver?

Wife and I do a lot of suburban city walking. I sure don't like teenagers driving a car I can't hear coming.
JW
by JW-Retired
Sat Dec 02, 2017 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Gifted a significant sum - taxes?
Replies: 5
Views: 1070

Re: Gifted a significant sum - taxes?

Yes, you don't need to do anything. Any gift tax are on the persons doing the giving. It might be informative for you to download a gift tax form and instructions and take a look. JW https://www.irs.gov/forms-pubs/about-form-709-united-states-gift-and-generation-skipping-transfer-tax-return ps: If t...
by JW-Retired
Sat Dec 02, 2017 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Cash
Replies: 14
Views: 1035

Re: 401k Cash

He is charging 0.75% for the first year, then 0.5% after that. I don't think the cash is exempt from the total. I told him I was reluctant to use an advisor and he would have to convince me that he could do better than I could by at least his fee. Not looking good at this point. Well, I think your ...
by JW-Retired
Sat Dec 02, 2017 10:35 am
Forum: Personal Finance (Not Investing)
Topic: How do I convince my employees to invest more?
Replies: 92
Views: 5111

Re: How do I convince my employees to invest more?

I own a small business with 15 employees, most of them earning between $40K and $60K per year. I offer them a Simple-IRA with a 100% match up to 3% of their salary. The problem is that hardly any of them participate. Last year I only matched $6,300, up from $4,483 the year before. IMO they are most...
by JW-Retired
Sat Dec 02, 2017 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Best Financial Moves You've Made
Replies: 158
Views: 21663

Re: Best Financial Moves You've Made

--Owning just the one house.

--Maxing out the 401k for 40 years.

--Choosing a wife who is more frugal than I am (I'm counting that as a "best move" even though it was luck). :beer
JW
by JW-Retired
Fri Dec 01, 2017 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Roth conversions prior and after required minimum distributions.
Replies: 9
Views: 788

Re: Roth conversions prior and after required minimum distributions.

I myself refer to 'taxable' income as income that is taxed not income after all deductions. Ie if I make 100k a year and put 18k in my 401k I consider that I have 82k taxable income even if I have 2 child credits and itemized deductions. But that isn't their IRS definition so nobody is going to und...
by JW-Retired
Fri Dec 01, 2017 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Why should I donate to my alma mater?
Replies: 133
Views: 9303

Re: Why should I donate to my alma mater?

I don't. Even at the time long ago I thought that University squandered money. Always felt like the Profs ought to teach more than 1 class (or sometimes not even that). We do donate to the little Junior College that got me (and wife) started toward satisfying careers. They seem to appreciate it and ...
by JW-Retired
Fri Dec 01, 2017 7:52 am
Forum: Investing - Theory, News & General
Topic: How your FA, insurance agent, your community reacts when you show your financial knowledge?
Replies: 39
Views: 4540

Re: How your FA, insurance agent, your community reacts when you show your financial knowledge?

I was talking with an insurance salesman and in the conversation I said something like “from an actuarial perspective” and he almost fainted. He said almost no client knows the a-word. I wound up buying DI insurance from him. He was good! I bet this was another perfectly chosen sales ploy. It certa...
by JW-Retired
Thu Nov 30, 2017 9:48 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Advisor created potential Roth IRA issue
Replies: 11
Views: 1138

Re: Financial Advisor created potential Roth IRA issue

The Roth IRA was set up for me while I was in college by my parents' financial advisor. I spoke with the advisor yesterday, and asked how he was able to set up a Roth when I had almost no reported income (freshmen in college). He stated that he 'bent the rules' a little bit and claimed income that ...
by JW-Retired
Thu Nov 30, 2017 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Taxes
Replies: 6
Views: 826

Re: Social Security Taxes

See the wiki link below. When taking both SS and other income such as pensions/RMDs, the federal marginal tax on this other income can be effectively as high as 46.25% until taxation of the SS is fully phased in. An extra dollar of other income causes another $0.85 of SS to be taxed, meaning in the ...
by JW-Retired
Wed Nov 29, 2017 10:57 am
Forum: Personal Finance (Not Investing)
Topic: When to tell the SO about my financial situation?
Replies: 109
Views: 5448

Re: When to tell the SO about my financial situation?

Rule 1: The only reliable way to keep all your friends & relatives from knowing all about your financial situation is not to tell anybody about it. If you are married you have to tell your wife and hope she will get on board with Rule 1. IMO, very risky to tell your SO until you are married, or at l...
by JW-Retired
Wed Nov 29, 2017 9:00 am
Forum: Personal Finance (Not Investing)
Topic: So i hit 6 figures... (questions about financials)
Replies: 19
Views: 3702

Re: So i hit 6 figures... (questions about financials)

Congratulations! You are doing better saving than the 15% of gross that William Bernstein's young investor primer recommends. But read his short free book anyway! It may help you not make poor choices in what to invest in.

https://www.etf.com/docs/IfYouCan.pdf

Welcome to the Forum!
JW
by JW-Retired
Wed Nov 29, 2017 8:30 am
Forum: Investing - Theory, News & General
Topic: Is it 1996 yet?
Replies: 21
Views: 2491

Re: Is it 1996 yet?

Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets. We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past. But how do we know when i...
by JW-Retired
Tue Nov 28, 2017 9:08 pm
Forum: Investing - Help with Personal Investments
Topic: Help me help my GF with her Oppenheimer 403(b)...
Replies: 44
Views: 3970

Re: Help me help my GF with her Oppenheimer 403(b)...

here's the list: AXA Equitable Life Insurance Company Foresters Financial (First Investors) Lincoln Investment Planning MetLife Oppenheimer Shareholder Svcs. RiverSource Life Insurance Co of NY The Legend Group/ADSERV Voya Financial (Natl NY) The trouble with this list is it doesn't tell us much of...
by JW-Retired
Tue Nov 28, 2017 4:18 pm
Forum: Investing - Help with Personal Investments
Topic: Initially mis-took After-Tax 401k for Roth 401k
Replies: 10
Views: 635

Re: Initially mis-took Pre-Tax 401k for Roth 401k

Thanks, JW. I apologize for the mis-leading heading. All of my money is currently in an After-Tax 401k & I wanted to see what my options were for rolling it into a Roth. I don't believe I was confused. Also, may not make a difference but there is really no such thing as a "After-Tax 401k". It's jus...
by JW-Retired
Tue Nov 28, 2017 10:37 am
Forum: Investing - Help with Personal Investments
Topic: Initially mis-took After-Tax 401k for Roth 401k
Replies: 10
Views: 635

Re: Initially mis-took Pre-Tax 401k for Roth 401k

Are you are staying with the company? If so, does your 401k allow an in-plan rollover? Anyway, there is no hurry to fix this (if ever). If you have switched to a pre-tax 401k now, the $14k of post-tax contributions will remain your only un-taxed basis in the account. All of the earnings from it will...
by JW-Retired
Mon Nov 27, 2017 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Calculation Question
Replies: 19
Views: 1527

Re: Social Security Calculation Question

When I retire next year, I'll likely have 34 years of having earned more than the maximum Social Security wage base amount. For example, for this year, I'll earn greater than $127,200. ................ My only year at less than the maximum Social Security wage base was in the 1990s, when I earned 7...
by JW-Retired
Sun Nov 26, 2017 10:09 pm
Forum: Investing - Help with Personal Investments
Topic: backdoor roth and IRAs/401(k)s
Replies: 2
Views: 309

Re: backdoor roth and IRAs/401(k)s

A rollover IRA is a traditional IRA that came from a rollover. It will definitely impact a backdoor.
JW
by JW-Retired
Sun Nov 26, 2017 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets rolling over 401k to Vanguard IRA?
Replies: 20
Views: 1587

Re: Any regrets rolling over 401k to Vanguard IRA?

No state has anything as bulletproof as the 401k's ERISA lawsuit protection, but some states (like CA) are much worse than others. How does your state rank in this? JW From a LA Times article. "Other states, such as Texas, Arizona and Washington, protect virtually everything inside an IRA from cred...
by JW-Retired
Sun Nov 26, 2017 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets rolling over 401k to Vanguard IRA?
Replies: 20
Views: 1587

Re: Any regrets rolling over 401k to Vanguard IRA?

I am thinking of rolling over my entire 401k balance into an existing Vanguard IRA and wonder if anyone has done that and regretted it after the fact? I am retired and left my 401k in place. Other than the index funds in my 401 k plan the investment options are not great. It does offer a stable val...
by JW-Retired
Sun Nov 26, 2017 10:11 am
Forum: Personal Finance (Not Investing)
Topic: My Social Security Site not showing my future benefits
Replies: 11
Views: 913

Re: My Social Security Site not showing my future benefits

Maybe they know something you don't. :D Not sure I understand your response. My full-time "adult" earnings started at age 19, I am 66 and still working. I have a strong earnings record, paying the max in most (not all) of my working years and coming close in the others. I simply want to be able to ...