Search found 1912 matches

by LeeMKE
Sat May 23, 2020 11:49 pm
Forum: Personal Investments
Topic: Roth IRA and Traditional IRA, merge or no?
Replies: 10
Views: 782

Re: Roth IRA and Traditional IRA, merge or no?

Do what your Dad is suggesting. He is correct.
by LeeMKE
Sat May 23, 2020 11:38 pm
Forum: Personal Investments
Topic: What to do with cash?
Replies: 32
Views: 4849

Re: What to do with cash?

The OP does not mention his age, so that affects the discussion about how much you need in your emergency fund: 20s: 3 months living expenses is a good target since you'll probably move in with your parents or a friend if you get in trouble. 30s: 6 months living expenses because you have less flexib...
by LeeMKE
Sat May 23, 2020 11:27 pm
Forum: Personal Investments
Topic: Asset Allocation Dilemma – Contradicting Historical Data
Replies: 18
Views: 1214

Re: Asset Allocation Dilemma – Contradicting Historical Data

You say that your expenses are covered by other sources of income. If so, what it the end purpose for the portfolio? Is it going to a large charity that has an endowment (or would be an endowment)? That would suggest 90/10 among your choices. Is the portfolio needed to support other living beings or...
by LeeMKE
Mon May 11, 2020 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Setting up wife after devorce
Replies: 45
Views: 5910

Re: Setting up wife after devorce

I just went through this and I think the OP is on the right track. I had mirrored the DH portfolio on my portfolio. My biggest disappointment was the attorney paid to advise DH did what he could to convince him to object to everything, so the attorney could earn a fee to try to get to as good an off...
by LeeMKE
Mon May 11, 2020 9:06 pm
Forum: Investing - Theory, News & General
Topic: Will "work from home" destroy the commercial real estate market?
Replies: 169
Views: 13174

Re: Will "work from home" destroy the commercial real estate market?

I was required to have a secure workspace at home for government contracts I worked on. Never a problem for me, but it drove the teenagers bonkers that they did not have the code to get into our home office. Heck, the entertainment value of the excuses they would conjure up as to why they needed to ...
by LeeMKE
Mon May 11, 2020 8:41 pm
Forum: Personal Investments
Topic: Net asset value driven glide path models
Replies: 7
Views: 548

Re: Net asset value driven glide path models

I will be using a glide path ala Kitces after I am past my sequence of returns risk, or by age 70. I don't make this decision based on size of the portfolio, but on my ability to sleep at night with higher allocation to equities, and an interest in a boost to portfolio at the end of my lifespan or f...
by LeeMKE
Mon May 11, 2020 8:30 pm
Forum: Personal Investments
Topic: Odd advice for 401K and IRA
Replies: 23
Views: 1263

Re: Odd advice for 401K and IRA

+1 Homestretch

What is appropriate for your FIL to sleep well at night, is not necessarily appropriate for your longer investing horizon.
by LeeMKE
Mon May 11, 2020 8:13 pm
Forum: Personal Investments
Topic: Personal Capital Advisory Services
Replies: 8
Views: 660

Re: Personal Capital Advisory Services

I handed over the reins just once in my investing career, and it was a dreadful mistake. My balance was high enough that I got scared that I was too inexperienced to continue to manage my portfolio myself. But I was certainly better than the "experts" I paid to take over. Thankfully I was young enou...
by LeeMKE
Mon May 11, 2020 8:02 pm
Forum: Personal Investments
Topic: Which variable withdrawal strategy?
Replies: 13
Views: 888

Re: Which variable withdrawal strategy?

Here's my $.02 You have enough cash to hold off selling stocks and buying bonds for a year or two at least. Your withdrawal rate (by retired@50) of 3.5xxx% is conservative enough to launch. I use McClung's book and two other tools to calculate my annual withdrawals. I run my numbers in Prime Harvest...
by LeeMKE
Wed Apr 22, 2020 9:42 am
Forum: Personal Investments
Topic: Retirees: Walk me thru your portfolio drawdown process
Replies: 39
Views: 3602

Re: Retirees: Walk me thru your portfolio drawdown process

401k plan options tend to be limited. Do most people roll their 401k into an IRA when getting ready to retire? Or do you just sell/withdraw from the 401k? Also have poeple found it beneficial to have a large taxable account? That is very small portion of my portfolio at the moment. I rolled over my...
by LeeMKE
Wed Apr 22, 2020 8:42 am
Forum: Personal Investments
Topic: Retirees: Walk me thru your portfolio drawdown process
Replies: 39
Views: 3602

Re: Retirees: Walk me thru your portfolio drawdown process

I am just finishing IRA to Roth conversions according to my plan from I-ORP.com. The extended calculator has been my guide since Fidelity alerted me to being overweight in tIRA and needing years to make conversions before RMDs hit. I am a huge fan of I-ORP.com. Anyone over 50 should be running this ...
by LeeMKE
Tue Apr 21, 2020 11:32 pm
Forum: Personal Investments
Topic: Retirees: Walk me thru your portfolio drawdown process
Replies: 39
Views: 3602

Re: Retirees: Walk me thru your portfolio drawdown process

Right or wrong, here's what I'm doing. My portfolio is 60/40 equities are 40% international, 60% domestic Bonds are LTG and a static amount in CD ladder, whatever is left after the CD ladder is full, goes to LTG bond fund. I draw from the portfolio every 6 months. The CD ladder has CDs maturing ever...
by LeeMKE
Wed Apr 08, 2020 5:01 pm
Forum: US Chapters
Topic: [Virtual online chapter - Master thread]
Replies: 127
Views: 34713

Re: [Virtual online chapter - Master thread]

I'm in for the next meeting Tuesday 21Apr at 8:00 Eastern time. I'd like to know what schedule folks are following for rebalancing right now. What is in your ISP, and have you changed your schedule and why? If we have newbies, we could discuss the method we use to rebalance. This seems to be a peren...
by LeeMKE
Mon Apr 06, 2020 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken Willmaker 2020 is on sale
Replies: 4
Views: 783

Re: Quicken Willmaker 2020 is on sale

Amazon seems to list the book and software for $57: https://www.amazon.com/Quicken-Willmake ... 192&sr=8-4 Although they also seem to list just the software for $70. Not sure what the difference is. The book has a disk in the back to create the documents. I like the book as you can read about all t...
by LeeMKE
Mon Apr 06, 2020 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Online will
Replies: 24
Views: 1278

Re: Online will

I use Quicken Willmaker from Nolo.com, the self-help legal firm.

Willmaker is on sale right now, 30% off from the usual $90 price.

nolo.com
by LeeMKE
Mon Apr 06, 2020 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Quicken Willmaker 2020 is on sale
Replies: 4
Views: 783

Quicken Willmaker 2020 is on sale

During the quarantine is a good moment to update your will and healthcare directives, Power of Attorney, etc.

I just found that NOLO press has Willmaker 2020 on sale for 30% off.

nolo.com

$63 US down from $90
by LeeMKE
Sun Apr 05, 2020 3:14 pm
Forum: Personal Investments
Topic: Seasoned Bogleheads; What 3 Things Have You Done Financially Related to the Economy Recently
Replies: 112
Views: 11025

Re: Seasoned Bogleheads; What 3 Things Have You Done Financially Related to the Economy Recently

1) First bad dip I did IRA2Roth conversion for this year. 2) Rebalanced a few days ago. My LTG bonds were sky high, and equities are on sale. If the slide continues I might rebalance again in June/July when I make a withdrawal.I planned to wait until June, but watched a video by Hebner that made the...
by LeeMKE
Mon Mar 16, 2020 7:11 pm
Forum: Personal Investments
Topic: roth IRA conversion
Replies: 5
Views: 367

Re: roth IRA conversion

I use I-ORP.com, the extended analysis calculator. Previously, I used Fidelity's Retirement Income Planner and a short calculator for IRA to Roth conversion on the Fidelity website. But those tools were not as comprehensive as I-ORP.com. I was seriously overweight in IRA funds, and have been using I...
by LeeMKE
Mon Mar 16, 2020 7:02 pm
Forum: Personal Investments
Topic: I need some (honest) reassurance of my portfolio
Replies: 31
Views: 2519

Re: I need some (honest) reassurance of my portfolio

Keep going! I was about your age in 1987 when a crash almost as severe hit. Luckily, like you, I was fully invested and heard that things were bad, but I couldn't be sure how bad without a fair amount of looking things up, and multiplying by the number of shares from my last statement. (no internet ...
by LeeMKE
Fri Mar 06, 2020 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Where to enter Roth distribution in TurboTax
Replies: 21
Views: 1720

Re: Where to enter Roth distribution in TurboTax

Thanks for posting the solution you found.

Who is the firm that issued a 1099 combining IRA and Roth distributions? I've never seen that, but hope it isn't coming soon to a broker near me.
by LeeMKE
Thu Mar 05, 2020 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: teenager saving for college - bank? Roth IRA? other?
Replies: 19
Views: 976

Re: teenager saving for college - bank? Roth IRA? other?

They can't withdraw from Roth without having been on deposit for more than 5 years (I think 5 years is still correct).

So just a high yield bank account or CDs is all I can think of.
by LeeMKE
Thu Mar 05, 2020 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Where to enter Roth distribution in TurboTax
Replies: 21
Views: 1720

Re: Where to enter Roth distribution in TurboTax

+1 Eagle33
If she is unable to get TT to act correctly, I suggest deleting the Roth 1099-R completely from TT and re-enter a new one. TT may have had problems with partial 1099-R entry at first then adding remaining 1099-R entries. Software always have some bugs.
by LeeMKE
Sun Feb 23, 2020 9:42 pm
Forum: Personal Investments
Topic: Advice with Accounts and Investments
Replies: 11
Views: 992

Re: Advice with Accounts and Investments

If it turns out that you CANNOT roll over the old 401Ks to your new one: Consider rolling over those accounts to an IRA. It would streamline the number of accounts you manage and make it certain your expenses are kept under your control. Some will say the Old 401Ks have a bit more protection, but in...
by LeeMKE
Sun Feb 23, 2020 9:31 pm
Forum: Personal Investments
Topic: Portfolio Review Request - Suggestions?
Replies: 6
Views: 596

Re: Portfolio Review Request - Suggestions?

2. Quality of Bonds: I was surprised at the high % of ‘B’ and below bonds in my 401K plan. What are your views with regard to quality of bonds? Mr. Bogle seemed to say that we should stick with A or higher bonds. Is your view that lower quality bonds might be worth the risk (taking expense ratio in...
by LeeMKE
Sun Feb 23, 2020 9:28 pm
Forum: Personal Investments
Topic: Portfolio Review Request - Suggestions?
Replies: 6
Views: 596

Re: Portfolio Review Request - Suggestions?

At your age, I kept 6 months living expenses in my emergency fund. By age 50, my goal was to have 12 months living expenses in my emergency fund. This is in case your work changes and you want to change jobs and will need longer as you get older, to find the next position. Just confirming: All your ...
by LeeMKE
Fri Feb 21, 2020 2:01 am
Forum: Personal Investments
Topic: Help consolidating accounts
Replies: 6
Views: 609

Re: Help consolidating accounts

In your case, you want to rollover to your respective 401Ks as your first choice.

Then, keep this in mind for later, and watch your OLD 401Ks for any change in expenses. You won't always be doing Backdoor Roth, so for you, one or both of these might wait to rollover to IRA later on.
by LeeMKE
Thu Feb 20, 2020 2:54 am
Forum: Personal Investments
Topic: Help consolidating accounts
Replies: 6
Views: 609

Re: Help consolidating accounts

Just a note of caution with Old 401K accounts. I've had previous employers change my account expenses once I was no long employed there, raising the expenses to me significantly. So, I made a practice of rolling over to IRA so I could keep costs under my control. The first employer who did this did ...
by LeeMKE
Thu Feb 20, 2020 2:36 am
Forum: Personal Investments
Topic: Fidelity Privacy Concerns
Replies: 19
Views: 2464

Re: Fidelity Privacy Concerns

I consider this kind of monitoring a welcome "feature" rather than a "bug" Fidelity will also flag unusual activity in your account, and from what I can gather, they screw down this monitoring as you age. This is very helpful in stopping fraud against retirees as all of us over 55 are targeted for a...
by LeeMKE
Thu Feb 20, 2020 2:27 am
Forum: Personal Investments
Topic: Portfolio advice/review needed
Replies: 3
Views: 464

Re: Portfolio advice/review needed

+1 theorist

Keep going!
by LeeMKE
Thu Feb 06, 2020 4:23 pm
Forum: Personal Investments
Topic: Portfolio Questions
Replies: 7
Views: 641

Re: Portfolio Questions

is there ever a scenario where an individual has saved enough in tax advantaged accounts that it makes sense to contribute more to taxable investments that they will have access to when they retire early? Yes, but I suspect you aren't anywhere near that point. A standard approach is to contribute 1...
by LeeMKE
Thu Feb 06, 2020 4:51 am
Forum: Personal Investments
Topic: ? about requirement - inherited roth IRA
Replies: 3
Views: 437

Re: ? about requirement - inherited roth IRA

Here is my plausible but inexpert opinion on what Ameritrade is telling you to do: Since there are 4 heirs, they don't want to be responsible for splitting the assets in different ways. The cleaner process is for each of you to create accounts to receive your portion. Then, from there, it is nice an...
by LeeMKE
Thu Feb 06, 2020 4:44 am
Forum: Personal Investments
Topic: Portfolio Questions
Replies: 7
Views: 641

Re: Portfolio Questions

2) The way you are evaluating your Asset Allocation is fine. I wouldn't try to incorporate the REO and just make things difficult for no good reason. You know what you are doing. 3) It all depends on when you started saving for retirement. A late start means you really need to pump hard to get enoug...
by LeeMKE
Mon Jan 27, 2020 4:45 am
Forum: Personal Investments
Topic: Roth IRA Conversion/Ladder double checks
Replies: 16
Views: 1436

Re: Roth IRA Conversion/Ladder double checks

I use the extended calculator at I-ORP.com to solve this problem. In my case, a nasty tax surprise was waiting for me in my mid-eighties, when I would run out of Roth, and boost my tax rate many steps higher for about 4 years. Fidelity first pointed this out, and I converted enough to erase that bal...
by LeeMKE
Thu Jan 23, 2020 6:21 am
Forum: Personal Finance (Not Investing)
Topic: Easing into retirement - trial run idea
Replies: 17
Views: 2086

Re: Easing into retirement - trial run idea

If you are saving all but $100k now, the money question, Can we live comfortably on our retirement income of $100k, is already answered. So, I guess the only question is whether the travel and living you do over 6 months will tell you if you are mentally ready to live without work. Do I have this ri...
by LeeMKE
Mon Dec 16, 2019 12:25 am
Forum: Personal Finance (Not Investing)
Topic: Long term Care Insurance
Replies: 58
Views: 4137

Re: Long term Care Insurance

+1 WoW2012 I bought my LTCi at age 50. Premiums just started increasing at age 64. Since I opted for a 5% inflation rider, I'm still golden with the premium increases so far. IMHO married couples need this insurance most. If/when one of you needs this kind of care, it is a burden many will find chal...
by LeeMKE
Thu Dec 12, 2019 1:14 pm
Forum: Investing - Theory, News & General
Topic: Fidelity on International Markets
Replies: 48
Views: 3737

Fidelity on International Markets

This article had some data that is new to me. I'm well diversified abroad, so now I'm more confident that is the right thing to do.

https://www.fidelity.com/viewpoints/inv ... ail_weekly
by LeeMKE
Fri Nov 01, 2019 9:56 am
Forum: Personal Investments
Topic: ROTH Conversion question
Replies: 24
Views: 1754

Re: ROTH Conversion question

There are several reasons I-ORP will suggest you front load your conversions: 1) Having investments earn dividends and appreciate TAX FREE is better than doing it taxable. For long term investing, the sooner you get it into Roth, the more profitable for you. 2) There is a nasty surprise in taxation ...
by LeeMKE
Mon Oct 21, 2019 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Retired Empty Nester Move from House to Apartment
Replies: 27
Views: 4662

Re: Retired Empty Nester Move from House to Apartment

P.S. Some apartment buildings have two things we made good use of: Guest apartment -- a place for out of town visitors to stay, eliminating the need to have a guest room any longer. Party room -- Large groups can congregate in a meeting room your building offers. Our family Christmas Eve party was h...
by LeeMKE
Sun Oct 20, 2019 9:56 am
Forum: Personal Consumer Issues
Topic: A fire next door caused water damage in my unit - Insurance question
Replies: 13
Views: 1844

Re: A fire next door damaged my unit - Insurance question

Ditto the smoke damage. Let them pack your contents so they can confirm whether they have absorbed smoke or toxic fumes from the fire. If you pack and remove, they are off the hook and you won't be able to get their help with restoration of your items. I've unfortunately worked with these restoratio...
by LeeMKE
Sat Oct 19, 2019 2:49 am
Forum: Personal Finance (Not Investing)
Topic: Retired Empty Nester Move from House to Apartment
Replies: 27
Views: 4662

Re: Retired Empty Nester Move from House to Apartment

We did the same as OP about 8 years ago. Income verification was required by the apartment corporation and DH had a small business, so no W-2. We talked to the manager and several options were offered. For us, I chose to give them a copy of the first page of our last joint tax return. As mentioned b...
by LeeMKE
Sat Oct 19, 2019 2:20 am
Forum: Personal Finance (Not Investing)
Topic: Homebuyer wants me to do a 1031 exchange. Um, what?
Replies: 81
Views: 9086

Re: Homebuyer wants me to do a 1031 exchange. Um, what?

Former CA RE broker: Just sign the paper. Read it. This only acknowledges that a third party (you) agrees that the price and terms are what is already agreed to in your purchase agreement. SOP for the IRS. You are just an extra set of eyes. No need for an attorney (who often don't know anything abou...
by LeeMKE
Sat Oct 19, 2019 1:48 am
Forum: Investing - Theory, News & General
Topic: Graphic of Index Investing
Replies: 7
Views: 2847

Re: Graphic of Index Investing

They may be watching your comments because today they dropped a video about the graphic. Turns out this isn't a graphic they made up, but a combination of some well established theories backed by history. https://www.ifa.com/videos/understand-uncertainty-part-two This firm offers investment help, bu...
by LeeMKE
Sat Oct 12, 2019 1:05 am
Forum: Personal Investments
Topic: Investment help
Replies: 21
Views: 1922

Re: Investment help

If you've moved the assets to Fidelity, they'll most likely suggest you use Fidelity funds instead of Vanguard funds. Just stick to broadly diversified stock and bond index funds with low expense ratios. You may even choose the Fidelity Index funds that have an expense ratio of 0.00%. Best of luck....
by LeeMKE
Sun Oct 06, 2019 11:32 am
Forum: Personal Investments
Topic: Retiree income- file for SS early or draw from IRA first?
Replies: 19
Views: 2008

Re: Retiree income- file for SS early or draw from IRA first?

I was in similar circumstances as the OP. The free tool at I-ORP.com is what I used to solve the question. Most of the tools I tried, recommended I delay my SS. However, none accounted for the draw down from our portfolio during that period. It bothered me until I found the Extended worksheet at I-O...
by LeeMKE
Sat Oct 05, 2019 11:45 pm
Forum: Investing - Theory, News & General
Topic: Graphic of Index Investing
Replies: 7
Views: 2847

Re: Graphic of Index Investing

Many of the regulars here are most comfortable working in their left brains — (analytical aptitude’s predominant). But the majority of people default first to the right side, pictorial and creative aptitude. So, for newbies, this is very helpful. Once you grasp the concept, it is easier to dig into ...
by LeeMKE
Sat Oct 05, 2019 11:41 am
Forum: Personal Investments
Topic: Investment help
Replies: 21
Views: 1922

Re: Investment help

One way out of this morass is to figure out the actual tax status of your IRA(s) by reviewing old tax returns. If you do have IRA balances that are pre-tax, those can be rolled into your employer plan based on your earlier remarks. It is unusual for someone your age to have an IRA that is after tax...
by LeeMKE
Sat Oct 05, 2019 1:34 am
Forum: Investing - Theory, News & General
Topic: Graphic of Index Investing
Replies: 7
Views: 2847

Graphic of Index Investing

https://www.ifa.com/articles/better_investment_experience_three_tips/ On this page is a cool graphic of market vs. investor behavior. The graphic is interactive. I played around changing Asset Allocation and then changing to an active investor from index investing. Good way to illustrate what we ar...
by LeeMKE
Mon Sep 30, 2019 10:47 am
Forum: Personal Investments
Topic: 401k & IRA Maxed Out- Now What?
Replies: 10
Views: 1066

Re: 401k & IRA Maxed Out- Now What?

+1 Watty

Exactly my thoughts on your post:
Taxable accounts to beef up your cash needs: Home down payment, emergency fund, auto replacements, extra for kids education.
by LeeMKE
Wed Sep 25, 2019 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: financial security (protect from theft-ID and others)
Replies: 9
Views: 1247

Re: financial security (protect from theft-ID and others)

+1 anon_investor Whatever device you use to connect to your bank/financial institutions should be set up with a password required to login. I am surprised by how many people consider this a nuisance, and carry around a cellphone they use to access their bank and investment accounts. REALLY?!? I alwa...