Search found 1770 matches

by LeeMKE
Sun Jan 20, 2019 11:24 pm
Forum: Investing - Help with Personal Investments
Topic: CD for condo association
Replies: 3
Views: 304

Re: CD for condo association

Be sure your association is not restricted by state law to certain investments. CDs might be restricted to in-state institutions. The Real Estate department of your state government is the place to ask for guidance.
by LeeMKE
Thu Jan 10, 2019 6:45 pm
Forum: Local Chapters and Bogleheads Community
Topic: Wisconsin - Milwaukee meetings - Master Thread
Replies: 28
Views: 5983

Re: Wisconsin - Milwaukee meetings - Master Thread

Check out "Wisconsin - Madison" for meetings more central.
by LeeMKE
Mon Jan 07, 2019 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: 2019 tIRA to Roth conversion -- now or later?
Replies: 12
Views: 852

Re: 2019 tIRA to Roth conversion -- now or later?

LeeMKE wrote: ↑Sun Jan 06, 2019 1:46 pm This year, DCA makes a lot of sense to me. It should minimize the remorse of paying tax on too many phantom assets. I'm going to Fidelity on Monday and see if they can help me set up an order to convert each month. That way I can smooth this out and minimize ...
by LeeMKE
Mon Jan 07, 2019 4:43 pm
Forum: Investing - Help with Personal Investments
Topic: Great Examples of IPS?
Replies: 6
Views: 559

Re: Great Examples of IPS?

Consider who the audience is for your ISP. My early ISPs were pretty long because I was writing about why I would do each thing, a bit like making sure I could explain my reasoning for each step, with links to references I used. It helped when I met with financial advisors, so they could get up to s...
by LeeMKE
Mon Jan 07, 2019 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: ARM 10/1 vs Fixed rates
Replies: 2
Views: 317

Re: ARM 10/1 vs Fixed rates

We need to know the spread between these two loans to provide advice. Here's my usual advice (assuming the spread is enough to pay you for your time): Take the ARM but pay more each month, enough to pay the house off in 12 - 15 years. By doing this, you'll have the house close to paid off at the end...
by LeeMKE
Mon Jan 07, 2019 4:24 pm
Forum: Investing - Help with Personal Investments
Topic: Fiancée Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals
Replies: 136
Views: 10540

Re: Fiance Thinks I'm Putting Too Much Towards Retirement/ Not Enough Towards Short-Term Goals

Nolo Press: PreNuptial Agreement https://store.nolo.com/products/prenuptial-agreements-pnup.html This $25 investment will be very worthwhile for you both. You don't have to complete the legal document, but use the book and worksheets to allow both of you to write down which options make sense to you...
by LeeMKE
Sun Jan 06, 2019 1:46 pm
Forum: Investing - Help with Personal Investments
Topic: 2019 tIRA to Roth conversion -- now or later?
Replies: 12
Views: 852

Re: 2019 tIRA to Roth conversion -- now or later?

This year, DCA makes a lot of sense to me. It should minimize the remorse of paying tax on too many phantom assets. I'm going to Fidelity on Monday and see if they can help me set up an order to convert each month. That way I can smooth this out and minimize the management required. If that is not p...
by LeeMKE
Sun Jan 06, 2019 2:36 am
Forum: Investing - Help with Personal Investments
Topic: CPA suggesting I don't contribute max to 401k this year?
Replies: 38
Views: 5268

Re: CPA suggesting I don't contribute max to 401k this year?

At your age, I believe a tax shelter that lasts for 30 years is more valuable than the taxes you'll pay in retirement even though we will likely have higher brackets than today, and your bracket may/may not be as high as your bracket driven by your income today. I would stuff what I can into a Solo ...
by LeeMKE
Sun Jan 06, 2019 2:17 am
Forum: Investing - Help with Personal Investments
Topic: 2019 tIRA to Roth conversion -- now or later?
Replies: 12
Views: 852

2019 tIRA to Roth conversion -- now or later?

I am planning a large tIRA to Roth conversion for 2019. (Over 100K) Now that we have no way to recharacterize, it feels like the timing of my conversion could be pretty expensive if I do it at the wrong moment. (Or probably more correctly, I'll suffer remorse if I convert and then the market drops s...
by LeeMKE
Sun Dec 16, 2018 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Law school without practicing law
Replies: 79
Views: 5826

Re: Law school without practicing law

True Story: When trying to figure out what to major in at college, I did the "What Color is Your Parachute?" exercise and interviewed people who had jobs/careers I thought I would like. Particularly I wanted to know what they all majored in to help me settle on a major. Well, their undergraduate stu...
by LeeMKE
Wed Nov 28, 2018 11:05 am
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion
Replies: 50
Views: 3251

Re: Roth Conversion

The page on I-ORP.com which you cited is the wrong page to use in your circumstance. Click on the Extended I-ORP and run that calculator. Much easier than trying to build your own. As you already know, the devil is in the details. Use the extended calculator to look at your options. I'm making conve...
by LeeMKE
Sun Nov 25, 2018 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: It is time for a Retirement Plan
Replies: 8
Views: 1021

Re: It is time for a Retirement Plan

2. My retirement allocation preference of 70/30 is based on considering my pension as fixed income in my portfolio. This consideration makes my portfolio more like 50/50. I did not treat SS the same way because it will be seven years into retirement before I begin collecting. What do you think of t...
by LeeMKE
Mon Oct 29, 2018 9:41 am
Forum: Personal Finance (Not Investing)
Topic: What sort of financial planner do I need for an aging relative?
Replies: 9
Views: 1100

Re: What sort of financial planner do I need for an aging relative?

My FIL set up a trust with his local bank's Trust Department. They parcel out money each month to an errant son from the trust account. This isn't the cheapest alternative, but allowed an arm's length relationship between the beneficiary (errant son) and the trust overseer (errant son's brother). +1...
by LeeMKE
Wed Oct 24, 2018 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Empty nester downsizing - any advice?
Replies: 64
Views: 8371

Re: Empty nester downsizing - any advice?

Due diligence when renting is the best prevention of uncomfortable neighbors. Non-smoking buildings are pretty common now. Much easier to enforce in an apartment than a condo. Sound transmission depends on the construction materials and layout. When looking at multifamily, check to see what is on th...
by LeeMKE
Wed Oct 24, 2018 10:54 am
Forum: Personal Finance (Not Investing)
Topic: How Safe is Direct Access for Bankivity?
Replies: 2
Views: 386

Re: How Safe is Direct Access for Bankivity?

I used Quicken for years and used their service to download from banks and credit card providers. I switched to Banktivity 2 years ago and now use the direct download service they have. The transmission of data does not give Banktivity (nor Quicken) access to your assets. The risk is privacy, and I'...
by LeeMKE
Wed Oct 24, 2018 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Adjust Withdrawals For More Money in Your 60’s-70’s
Replies: 19
Views: 2114

Re: Adjust Withdrawals For More Money in Your 60’s-70’s

There are a variety of withdrawal methods that have academic papers backing up the idea of spending more in early retirement when you are more active, and planning to reduce spending as you age, and raising spending again when healthcare becomes a bigger part of the budget. To see what these options...
by LeeMKE
Wed Oct 24, 2018 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Empty nester downsizing - any advice?
Replies: 64
Views: 8371

Re: Empty nester downsizing - any advice?

We are just a few years ahead of you. Dumped the 4500 sq. ft. house for 1850 sq. ft. condo. Seriously downsized stuff we no longer needed, but took all the clothes and kitchen stuff with us. 3 years later, dumped the 1850 sq. ft. condo for a 1560 sq. ft. apartment. The HOA was dysfunctional, and mai...
by LeeMKE
Mon Oct 22, 2018 4:05 am
Forum: Investing - Help with Personal Investments
Topic: Solo 401K contributions year of death
Replies: 6
Views: 620

Re: Solo 401K contributions year of death

For anyone following along at home, DH survived the surgery.

I have all the usual paperwork in order, because it is likely DH will predecease me, and now the certainty is a bit closer. So, every week/month/year he gets is gravy. He had wonderful care, and he is feeling good.
by LeeMKE
Mon Oct 22, 2018 3:41 am
Forum: Personal Finance (Not Investing)
Topic: New scam hackers spoofing actual correspondence with your own history
Replies: 8
Views: 1575

Re: New scam hackers spoofing actual correspondence with your own history

The hilarious thing is I keep all financial stuff exclusively on my computer, because DH is more likely to click things and visit sites that download crapware to your machine. I had to take over his computer to fix the mess on mine. :oops: I'll be living this down for a long time.
by LeeMKE
Mon Oct 22, 2018 3:05 am
Forum: Personal Finance (Not Investing)
Topic: New scam hackers spoofing actual correspondence with your own history
Replies: 8
Views: 1575

Re: New scam hackers spoofing actual correspondence with your own history

My own frustration is that I'd just finished changing all passwords for financial sites, and done a run-through of my password safe to change all less secure passwords from years past. Anyone who had ever had my credit card info needed a more secure password than I used 4+ years ago. It was a pain, ...
by LeeMKE
Mon Oct 22, 2018 2:46 am
Forum: Personal Finance (Not Investing)
Topic: New scam hackers spoofing actual correspondence with your own history
Replies: 8
Views: 1575

Re: New scam hackers spoofing actual correspondence with your own history

is this financial firm in the US? Has info on their hack been made public yet? Yes. So far as I know, all customers received the same message I did. Unlike Facebook, Experian, etc. etc. I feel we were notified as soon as they figured out something bad had happened: Less than a week after receiving ...
by LeeMKE
Sun Oct 21, 2018 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: New scam hackers spoofing actual correspondence with your own history
Replies: 8
Views: 1575

New scam hackers spoofing actual correspondence with your own history

So, I received an email with the last thread of a conversation I had with a financial firm last August. It looked like it was a new message from the firm, but with no new message to me. However, this one had a .doc attachment. If you touch the attachment, you get an online screen that seems to be a ...
by LeeMKE
Sun Oct 21, 2018 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: Put more than 20% down on a house?
Replies: 33
Views: 3650

Re: Put more than 20% down on a house?

Might be too late for OP, but others reading should know that you will cut the interest paid IN HALF (or more) by using a 15 year mortgage instead of a 30 year mortgage. I would put 20% down, and take out a 15 year loan. If already in a 30 year mortgage, pre-pay the bugger as aggressively as possibl...
by LeeMKE
Sun Oct 21, 2018 10:33 pm
Forum: Personal Consumer Issues
Topic: Lost Power for 24 hours - what food to toss?
Replies: 49
Views: 3568

Re: Lost Power for 24 hours - what food to toss?

+1 Here's a cheap test for needed future outages: Freeze a cup of water now. Place a penny on it. When you open the freezer after a power outage, where is the penny? If it hasn't fallen to the bottom, your meat hasn't thawed. One outage is enough to make this a reasonable, cheap insurance to impleme...
by LeeMKE
Sun Oct 21, 2018 10:17 pm
Forum: Personal Consumer Issues
Topic: Dentist "Service Fee" for Filing Insurance Claim?
Replies: 33
Views: 3289

Re: Dentist "Service Fee" for Filing Insurance Claim?

Everyone should be prepared to see and pay fees for filing insurance claims, particularly for dental work. Dentists are generally paid cash since many of us don't have dental insurance anymore. Ergo, their business model is based on payment at time of service, without building in overhead for filing...
by LeeMKE
Sun Oct 21, 2018 10:06 pm
Forum: Personal Consumer Issues
Topic: I want to sell my home, but I don't want to fix it up
Replies: 72
Views: 8871

Re: I want to sell my home, but I don't want to fix it up

Yeah! A happy ending. You already know you owe your friend big time.
by LeeMKE
Thu Oct 11, 2018 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Unknown financial gift from relative
Replies: 8
Views: 1154

Re: Unknown financial gift from relative

May I suggest that the gift is not your concern until received, and at that point you can decide how to handle the gift, even gifting it again to charity if the tax burden is a problem for you. I am not as old as grandma, but am giving small gifts to the children in my husband's family at birthdays,...
by LeeMKE
Tue Oct 09, 2018 9:31 am
Forum: Investing - Help with Personal Investments
Topic: Retirement Portfolio Review Request - 5 years later
Replies: 10
Views: 1710

Re: Retirement Portfolio Review Request - 5 years later

TRUE STORY One of my previous employers was unhappy that he was paying a fee for the accounts of former employees, so he sent us all a letter informing us of a new quarterly fee on our holdings. Everyone I know, including myself, rolled our accounts out to IRAs. A few months later I hear that we red...
by LeeMKE
Tue Oct 09, 2018 9:13 am
Forum: Investing - Help with Personal Investments
Topic: Payoff debt with Roth contributions??? Change in circumstances?
Replies: 6
Views: 549

Re: Payoff debt with Roth contributions??? Change in circumstances?

I always prioritised paying myself first (tax deferred retirement accounts to the max), and debt second. ROTH is use it or lose it, and tax free at withdrawal, so that is/was precious opportunity for me.

+1 look for other options to speed up debt liquidation: switch cars, downsize home, etc.
by LeeMKE
Sat Oct 06, 2018 10:26 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401K contributions year of death
Replies: 6
Views: 620

Re: Solo 401K contributions year of death

Thank you for the good wishes. This is something we knew might happen, and if the worst comes to pass, I'll have my hands full. But in the meantime, if there is anything I can do to minimise the financial burden while we wait, I want to do that. I know that our tax status would remain joint filing i...
by LeeMKE
Sat Oct 06, 2018 7:20 pm
Forum: Investing - Help with Personal Investments
Topic: Solo 401K contributions year of death
Replies: 6
Views: 620

Solo 401K contributions year of death

DH is going in for emergency surgery. I have not yet made contributions to his Solo 401K for 2018. If he does not survive, will I be able to make the contributions? I have one business day in which I could make a wag at the amount and transfer funds.
by LeeMKE
Wed Oct 03, 2018 1:33 am
Forum: Investing - Help with Personal Investments
Topic: 49 at a crossroads and seeking investment advice
Replies: 31
Views: 5372

Re: 49 at a crossroads and seeking investment advice

Here’s how many of us manage the risk when close to retirement: CD ladders Fidelity has an area under Fixed Income?? On their website. (I’m sitting in a waiting room in Bangkok, so can’t login from here- unsecured connection) Once there, you’ll find tutorials on various length of ladders and how the...
by LeeMKE
Sat Sep 29, 2018 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Would you roth or traditional in this case?
Replies: 16
Views: 1532

Re: Would you roth or traditional in this case?

Put it in a ROTH. Taxes will probably go up in future years for you, so the more you have in ROTH, the better. As you already figured out, inherited 401Ks and IRAs are forced out to expose the accounts to taxation. ROTH will not add to the complexity of dealing with RMDs and having your Social Secur...
by LeeMKE
Sat Sep 29, 2018 10:57 am
Forum: Investing - Help with Personal Investments
Topic: Question about my Roth IRA
Replies: 7
Views: 807

Re: Question about my Roth IRA

I keep a second account at Schwab, everything else at Fidelity. If something happens that prevents Fidelity from providing funds for some period of time that coincides with my need of money, I will withdraw from the Schwab account. My expectation is not that Fidelity will ever go bankrupt and affect...
by LeeMKE
Thu Sep 27, 2018 7:47 am
Forum: Investing - Theory, News & General
Topic: Digging deeper on advisability of Roth Conversions
Replies: 37
Views: 3348

Re: Digging deeper on advisability of Roth Conversions

From my read, all your concerns are covered by the calculator: I-ORP.com (the extended calculator) I'm making my tIRA to ROTH conversions based on that calculator. The author keeps it updated for the current tax situation. We have a complicated situation (self-employed and already retired partners, ...
by LeeMKE
Sun Aug 26, 2018 11:22 am
Forum: Investing - Help with Personal Investments
Topic: Questions on portfolio changes and saving for retirement
Replies: 8
Views: 743

Re: Questions on portfolio changes and saving for retirement

5. With limited tax-advantaged space at my disposal, I'll be holding the majority of money for retirement inside my Taxable account within the next 2-3 years. Is this something that I should be concerned about? Should not having a 401k or SIMPLE IRA during this accumulation phase be a dealbreaker w...
by LeeMKE
Sun Aug 26, 2018 5:16 am
Forum: Investing - Help with Personal Investments
Topic: Game Changing Inheritance of Stocks! Now what?
Replies: 75
Views: 7181

Re: Game Changing Inheritance of Stocks! Now what?

There is an emotional attachment to the BRK but we are going to move towards more diversification and reaping as much tax savings as we possibly can. Good move. +1 on maxing out all the vehicles you have to shelter some of this in retirement accounts (both yours and ROTH for your children) One more...
by LeeMKE
Sun Aug 26, 2018 4:14 am
Forum: Investing - Theory, News & General
Topic: Fidelity Full View transition to eMoney
Replies: 151
Views: 18673

Re: Fidelity Full View transition to eMoney

Is it possible that Fidelity got nervous about the use of their platform as a substitute for personal budgeting and decided to avoid the possibility of fiduciary responsibility by cleaning up the amount of data saved? I haven't used the Fidelity website as a budgeting tool, and wasn't aware that thi...
by LeeMKE
Fri Aug 24, 2018 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: How to Begin with 50,000
Replies: 13
Views: 1238

Re: How to Begin with 50,000

You begin the same as with any amount. Pick an asset allocation, move the funds someplace that won't charge a fee for advice, administration and oversight, and spread the money according to your asset allocation. Check in again in a few years, or not, just leave it invested.
by LeeMKE
Fri Aug 24, 2018 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Taking a job at a startup without a 401k
Replies: 23
Views: 1829

Re: Taking a job at a startup without a 401k

The 401K is a vehicle to save for retirement. It is valuable. But it is not necessary to save for retirement. You can budget to save at least 15% of your income, stuffing the IRA vehicle, and then putting the rest in a taxable investment account. Take the job, but backstop with your own savings acco...
by LeeMKE
Fri Aug 24, 2018 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: At a standstill... maxed 401k & IRA, now what?
Replies: 9
Views: 1172

Re: At a standstill... maxed 401k & IRA, now what?

EF = Emergency fund Two ways to come up with your emergency fund amount: A) Pick a number of months of expenses you feel is a good buffer for you. If work is extremely stable, 6 months works for an emergency fund. If you have just one source of income and multiple responsibilities, or work could bec...
by LeeMKE
Thu Aug 23, 2018 12:44 pm
Forum: Investing - Theory, News & General
Topic: Fidelity Full View transition to eMoney
Replies: 151
Views: 18673

Re: Fidelity Full View transition to eMoney

Nuts. I've been following along waiting to hear when we would be able to re-connect outside accounts. Using Chrome just now did not work for me. Maybe soon, but not yet.
by LeeMKE
Mon Aug 13, 2018 1:30 pm
Forum: Investing - Help with Personal Investments
Topic: Help with portfolio for retired 75 year old
Replies: 3
Views: 737

Re: Help with portfolio for retired 75 year old

Yes, do what you can to simplify the portfolio by selling those two and reinvesting in FSITX. But I would take at least $20,000 and put it aside for her to use for travel the next few years, and then see what should be sold to harvest enough for travel or extras after that. Goodness, it is time for ...
by LeeMKE
Mon Aug 13, 2018 2:43 am
Forum: Investing - Help with Personal Investments
Topic: Please comment on our retirement allocation
Replies: 9
Views: 1101

Re: Please comment on our retirement allocation

Thank you so much. Mr. Taylor Larimore set me on this track several years ago. I don't follow the markets very closely so I like to check and make sure I'm still on track. The beauty of the Boglehead way is we don’t have to keep track of the markets. Heck, most of us would be better off never rebal...
by LeeMKE
Sun Aug 12, 2018 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: Please comment on our retirement allocation
Replies: 9
Views: 1101

Re: Please comment on our retirement allocation

If I'm reading this correctly, you have a comfortable retirement and are taking less than 4% from your portfolio. You don't mention that you have obligations to cover expenses for someone else after your demise. And the portfolio is enough to cover nursing home care if that became necessary. In your...
by LeeMKE
Thu Aug 02, 2018 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Help with My Draft Retirement Investment Plan please!
Replies: 8
Views: 946

Re: Help with My Draft Retirement Investment Plan please!

+1 Bloom2708 You are doing fine. You can manage this yourself. One tool I use that may be helpful is the calculator at www.I-ORP.com This website has a simple version, just one page and gives you an idea of how it works. Then, select the Extended version, answer a few more questions than before and ...
by LeeMKE
Thu Aug 02, 2018 3:49 pm
Forum: Investing - Help with Personal Investments
Topic: New Retiree seeks feedback
Replies: 4
Views: 884

Re: New Retiree seeks feedback

+1 Bloom2708

The equity portion is more complex than I'd want doing retirement. I have better things todo.
by LeeMKE
Fri Jul 06, 2018 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: How I use I-ORP, and who shouldn't
Replies: 155
Views: 20622

Re: How I use I-ORP, and who shouldn't

For us, the Roth Conversions make a huge difference. If your circumstance is such that it doesn’t matter much, great! You can move on to something else. If you have sisters or brothers, do what you can to encourage them to try I-ORP. If it doesn’t matter much, great! But when it matters, it matters ...
by LeeMKE
Sat Jun 30, 2018 11:33 pm
Forum: Investing - Help with Personal Investments
Topic: What % of your equity is int’l?
Replies: 141
Views: 8733

Re: What % of your equity is int’l?

40% of equities
by LeeMKE
Tue Jun 19, 2018 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: My error with EIN on W2. Stand alone or IRS fix?
Replies: 0
Views: 229

My error with EIN on W2. Stand alone or IRS fix?

I got a phone call from Social Security. It seems I used my SS# in 2016 on the W2 forms I sent in, and should have used the EIN I got for this purpose. We had 2 household workers helping me at home when I was laid up that year. When I did the research of how to pay and report their earnings, it was ...