Search found 841 matches

by ryman554
Sat Jan 20, 2018 12:32 am
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 335
Views: 30398

Re: Year 2000 retirees using the '4% rule' - Where are they now?

What is the recommended SWR for those not interested in leaving behind a portfolio (i.e., no heirs)? I guess this would be calculated by discovering a percentage that resulted in that graph ending at $0 at the end of x# years? Understand what "SWR" means. It means a maximal withdrawal rate that doe...
by ryman554
Thu Jan 18, 2018 9:37 pm
Forum: Investing - Help with Personal Investments
Topic: Exit strategy for bitcoin
Replies: 71
Views: 4497

Re: Exit strategy for bitcoin

Because things grow, and it's impossible to predict where the growth will occur, please buy everything . Dont pick and choose, don't try to time it, don't get cute. Just buy everything and focus on improving your life elsewhere. If you want to gamble on bitcoin, go for it. But don't then come askin...
by ryman554
Thu Jan 18, 2018 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Exit strategy for bitcoin
Replies: 71
Views: 4497

Re: Exit strategy for bitcoin

the truth is that I bought because it went up so much , so I bought it 'just in case' it continues to go up at a similar rate. I don't think it will have a use as a currency, but I like the argument that it should be considered a commodity and it might perhaps replace gold, in which case it still h...
by ryman554
Tue Jan 16, 2018 10:57 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 335
Views: 30398

Re: Year 2000 retirees using the '4% rule' - Where are they now?

But if you're planning for a 40 year retirement, 4% might not be overly conservative. I keep hearing this from folks, and I can't figure out why the "SWR" for 40 years has to be significantly lower than for 30 years. There's lot of feeling out there, but no real hard data. Yes, we do not have a who...
by ryman554
Tue Jan 16, 2018 3:30 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 335
Views: 30398

Re: Year 2000 retirees using the '4% rule' - Where are they now?

But if you're planning for a 40 year retirement, 4% might not be overly conservative. I keep hearing this from folks, and I can't figure out why the "SWR" for 40 years has to be significantly lower than for 30 years. There's lot of feeling out there, but no real hard data. Yes, we do not have a who...
by ryman554
Tue Jan 16, 2018 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Gifted $1,000: Max out Roth or go towards smaller balances on credit cards?
Replies: 10
Views: 468

Re: Gifted $1,000: Max out Roth or go towards smaller balances on credit cards?

Use $387 of that $1000 to pay off the 27.9% credit card. Then use $613 to pay down the 23.9% credit card. Then find--somehow, someway--a way to accumulate another $1940 to pay off the rest of the credit cards. Then start an emergency fund so that you don't ever have to carry a balance on a credit c...
by ryman554
Fri Jan 12, 2018 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: Minimum $10k funds: If you start with $10k and it drops; how big of an issue is that?
Replies: 4
Views: 544

Re: Minimum $10k funds: If you start with $10k and it drops; how big of an issue is that?

I've begun the process of rolling my accounts over to Fidelty and have been pleased with the process. Until now I have had everything in FSTVX, but as the account grows (and other rollovers complete) I will be looking to add a dedicated International Fund and Bond fund. The question is this: If you...
by ryman554
Wed Jan 10, 2018 11:40 am
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 335
Views: 30398

Re: Year 2000 retirees using the '4% rule' - Where are they now?

Donations: I give very minor charitable donations on a regular basis, but gave a million $ just before each of the two major market falls since 2000. Because it was only after the major market run-ups that I felt I could afford doing so. I feel that after the recent market run-ups, now might also b...
by ryman554
Tue Jan 09, 2018 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity free Turbotax
Replies: 249
Views: 34989

Re: Fidelity free Turbotax

Easy, and been discussed before. Private Client. (>1M in household assets, 401(k) may be excluded) Active trader. (not very bogleheadish) If you have to ask if you are either of the two, you aren't. Go buy a copy. Your 401(k) is not excluded from Private Client calculations, although ONLY having a ...
by ryman554
Tue Jan 09, 2018 10:38 am
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 335
Views: 30398

Re: Year 2000 retirees using the '4% rule' - Where are they now?

What this shows is that, yeah, a 4 % withdrawal rate, upped w inflation, works over 30 years. But you have to have a stomach of steel and be ok watching your nest egg get at least partially consumed. This argues for Bernstein’s more conservative 2-3%. Your retired and have no income. Why should you...
by ryman554
Sun Jan 07, 2018 11:46 am
Forum: Investing - Help with Personal Investments
Topic: How often to invest; or: how to avoid commissions?
Replies: 21
Views: 1448

Re: How often to invest; or: how to avoid commissions?

I opened a brokerage account with Schwab recently and I am really happy with it. With the help of you guys, I invested a lot of my money already (see here ). I am now working on my investment plan, and I'd like to make sure I can invest every month (or ideally every pay period). My problem now is t...
by ryman554
Sun Jan 07, 2018 11:41 am
Forum: Investing - Help with Personal Investments
Topic: 3rd update from a panicked investor
Replies: 14
Views: 3102

Re: 3rd update from a panicked investor

Your portfolio appears to be quite risky compared to your age. At age 48 the typical percentage of bond ownership would be 38% of total asset. Says who? Age-10 in bonds? Not a particularly good rule, IMHO, or at best one with very little theoretical justification. Look at the glide paths for target...
by ryman554
Fri Jan 05, 2018 3:32 pm
Forum: Investing - Theory, News & General
Topic: Paying off mortgage before investing at all?
Replies: 75
Views: 7600

Re: Paying off mortgage before investing at all?

I've heard this advice to just save the money you would use to pre-pay your mortgage in a separate account until that account is big enough to pay off the mortgage in one fail swoop. This can certainly make sense, but let's not ignore the costs involved in doing so. The difference between a mortgag...
by ryman554
Fri Jan 05, 2018 9:45 am
Forum: Investing - Theory, News & General
Topic: Paying off mortgage before investing at all?
Replies: 75
Views: 7600

Re: Paying off mortgage before investing at all?

I considered the refi at 15 years at 3.75%. But being commission only income earner, I like the idea of the 30 just in case business were to go south If that is the reason you are not refinancing -- you are cash flow sensitive and should keep yourself as liquid as possible. Therefore, listen to Kla...
by ryman554
Tue Jan 02, 2018 6:41 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity free Turbotax
Replies: 249
Views: 34989

Re: Fidelity free Turbotax

busdriver wrote:
Mon Jan 01, 2018 8:01 pm
TimeRunner wrote:
Mon Jan 01, 2018 7:35 pm
I wonder what Fido's criteria is????
Me too! :confused
Easy, and been discussed before.

Private Client. (>1M in household assets, 401(k) may be excluded)
Active trader. (not very bogleheadish)

If you have to ask if you are either of the two, you aren't. Go buy a copy.
by ryman554
Tue Jan 02, 2018 6:26 am
Forum: Investing - Theory, News & General
Topic: 2nd million is easier!
Replies: 123
Views: 23594

Re: 2nd million is easier!

Yes, it's easier. First million at 39, second by 43. This year, 44, we added 550k. I don't think this rate is sustainable. ~20% * 2M = 400k + savings, I assume. Now, let's go look a a chart of expected returns of the S&P 500. Sustainable? No. Within the norm of the S&P returns? Sure. Keep on adding...
by ryman554
Tue Jan 02, 2018 6:21 am
Forum: Investing - Theory, News & General
Topic: Paying off mortgage before investing at all?
Replies: 75
Views: 7600

Re: Paying off mortgage before investing at all?

But in the course of discussing this question, the author makes a point that I hadn't seen before. If you have a mortgage and are making your regular mortgage payments, but are simultaneously using extra income to save for retirement in equities, you are effectively borrowing money to invest in equ...
by ryman554
Tue Jan 02, 2018 6:09 am
Forum: Investing - Help with Personal Investments
Topic: Suddenly my mortgage doesn't seem that great
Replies: 66
Views: 10592

Re: Suddenly my mortgage doesn't seem that great

1) While it does happen, There aren’t too many years when the stock market has beaten a double digit growth year with another one. This seems like a curious claim to make unless I'm misunderstanding the point you're trying to make. The reality is actually completely the opposite of what you claim. ...
by ryman554
Mon Jan 01, 2018 2:15 am
Forum: Investing - Help with Personal Investments
Topic: SWR, different perspective.
Replies: 38
Views: 3016

Re: SWR, different perspective.

Depending on your expected longevity, look into buying a ladder of annuities periodically purchased over a decade (interest rate diversification), using most of your fund assets, and start spending all of your steady income from every source. Put your few remaining fund assets in a 2050 retirement ...
by ryman554
Sun Dec 31, 2017 1:32 am
Forum: Investing - Help with Personal Investments
Topic: Suddenly my mortgage doesn't seem that great
Replies: 66
Views: 10592

Re: Suddenly my mortgage doesn't seem that great

Where exactly do you see me saying anyone should spend $2k to save a dollar? I realize you wanted to make a political rant, but why must you twist my words to do it? I was just pointing out that the OP was very close to exceeding the standard deduction, which they didn't seem to realize. After goin...
by ryman554
Sun Dec 31, 2017 1:08 am
Forum: Personal Consumer Issues
Topic: Crater Lake trip from Bay area in June
Replies: 21
Views: 1394

Re: Crater Lake trip from Bay area in June

Skip Klamath Falls. It would be like staying in Stockton when you are visiting the Bay Area. My advice with kids? Put in some extra driving and stay in Sun River which is a resort town about 70 miles north of Crater Lake. There are a bazillion VRBO and AirBnB rentals in Sun River and there is a ton...
by ryman554
Sun Dec 31, 2017 12:54 am
Forum: Investing - Theory, News & General
Topic: Paying off mortgage before investing at all?
Replies: 75
Views: 7600

Re: Paying off mortgage before investing at all?

I hate mortgages as much as the next fella, but I'm never taking a loan just to invest.... I'm not that risky. I'm taking loan so I can afford a place to live, and in my case, cheaper than renting from a cash flow perspective, if only just. My domicile is much much more than an investment. Depends ...
by ryman554
Sat Dec 30, 2017 6:45 am
Forum: Personal Finance (Not Investing)
Topic: Stopped Check 2018 Property Tax - Etiquette to County?
Replies: 38
Views: 3275

Re: Stopped Check 2018 Property Tax - Etiquette to County?

I will be taking the additional deduction on my 2017 return. And when the irs sees a large lump i property tax deduction in 2017 compared to 2016 and before, don't you think they will flag it? You may or may not be audited, but you just increased you chances of one. Audits aren't exactly fun but an...
by ryman554
Sat Dec 30, 2017 6:38 am
Forum: Investing - Theory, News & General
Topic: Paying off mortgage before investing at all?
Replies: 75
Views: 7600

Re: Paying off mortgage before investing at all?

Save and invest 30% of after tax income, religiously. Common avenues for saving and investing: Tax sheltered/employer-match accounts (can be so ridiculously attractive that you would be silly not to maximize) ETFs in taxable accounts Real Estate. The best tenant you can ever hope for is yourself, s...
by ryman554
Sat Dec 30, 2017 3:05 am
Forum: Personal Finance (Not Investing)
Topic: Stopped Check 2018 Property Tax - Etiquette to County?
Replies: 38
Views: 3275

Re: Stopped Check 2018 Property Tax - Etiquette to County?

Palatineman wrote:
Fri Dec 29, 2017 7:12 pm
I will be taking the additional deduction on my 2017 return.
And when the irs sees a large lump i property tax deduction in 2017 compared to 2016 and before, don't you think they will flag it? You may or may not be audited, but you just increased you chances of one.
by ryman554
Sat Dec 30, 2017 2:52 am
Forum: Investing - Theory, News & General
Topic: Paying off mortgage before investing at all?
Replies: 75
Views: 7600

Re: Paying off mortgage before investing at all?

I guess if you made the following assumptions: 1. You buy into the assumption made by many, including Bogle, that nominal stock returns will only be around 4% nominal for a decade or more, and bond rates may be below that 2. You have a mortgage near 4% 3. You don't have enough to itemize, and will ...
by ryman554
Fri Dec 29, 2017 1:11 am
Forum: Personal Finance (Not Investing)
Topic: Stopped Check 2018 Property Tax - Etiquette to County?
Replies: 38
Views: 3275

Re: Stopped Check 2018 Property Tax - Etiquette to County?

Watty wrote:
Fri Dec 29, 2017 12:09 am
Don't be be surprised if the county adds fees for bouncing the check.
yup, and probably a hefty one,too.

bad idea by the op to stop payment. Costs way more than the 6 months or so of interest saved.
by ryman554
Fri Dec 29, 2017 12:45 am
Forum: Investing - Help with Personal Investments
Topic: Sell some taxable to contribute to traditional IRA?
Replies: 8
Views: 621

Re: Sell some taxable to contribute to traditional IRA?

If you have a capital gain, you will have to pay tax on it at some point, so you might as well sell it if you can fund an IRA, in order to avoid taxes on any future gains. What you said would be true for a ROTH... and likely always the correct strategy to do if space is available. ROTH is always al...
by ryman554
Fri Dec 29, 2017 12:34 am
Forum: Investing - Help with Personal Investments
Topic: Suddenly my mortgage doesn't seem that great
Replies: 66
Views: 10592

Re: Suddenly my mortgage doesn't seem that great

At $15k in interest and $7k in taxes, you're pretty close close to the $24k standard deduction. Are there any other things you could deduct if you itemize? Technically, even if you get to just $24,001 itemized, you would be doing "better". Really? Paying $17,000 in mortgage and finding out a way to...
by ryman554
Wed Dec 27, 2017 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: HSA overcontributed by $2
Replies: 7
Views: 1531

Re: HSA overcontributed by $2

Thank you all for the comments. I will check with my HSA provider. What is there to check? Spirit Rider provided the correct answer. Your HSA provider will only confuse the situation with inaccurate information. Fill the form, pay the penalty of $0.12 and contribute less next year. Unless you get 1...
by ryman554
Thu Dec 21, 2017 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 878
Views: 48722

Re: Tax Bill Omnibus Thread

Unless you have an interest only loan, 4% of 400k mortgage isn't 16K interest. A chunk of that is principle... His payment might be higher than $16k but a 4% loan on a $400k mortgage is roughly $16k interest. Interest on the very first payment of a 30 year 400K loan is indeed 16K, my bad. But it fa...
by ryman554
Thu Dec 21, 2017 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity free Turbotax
Replies: 249
Views: 34989

Re: Fidelity free Turbotax

Same here, most of my assets are at Van but do have a rollover IRA, high 7 figures at Fidelity. gee, having close to 10m in an IRA is rather unusual. Romney did it, apparently, using real estate under the IRA. Combined with the fact that "most" of the assets are elsewhere, unless the poster is incl...
by ryman554
Thu Dec 21, 2017 9:14 am
Forum: Investing - Theory, News & General
Topic: 2.45%CD vs Paying off 3% mortgage early
Replies: 19
Views: 2561

Re: 2.45%CD vs Paying off 3% mortgage early

I use the same logic for my own mortgage. My 2.625% mortgage, with 11 years left, is 2.00% after federal tax at next year's 24% rate (I will still itemize). I could earn 2.06%, exempt from federal tax, on Admiral shares of Vanguard Intermediate-Term Tax-Exempt, which has the same duration as my mor...
by ryman554
Tue Dec 19, 2017 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Made Non-Deductible IRA Contributions in 80's, Never Filed Form 8606. What to do now?
Replies: 11
Views: 1365

Re: Made Non-Deductible IRA Contributions in 80's, Never Filed Form 8606. What to do now?

I hate that I made non-deductible contributions all those years ago, but thankfully have never lost track. At this point I'm doing conversions and it's so annoying to have to subtract such a tiny amount from the taxable portion of the conversion - really it would almost be worth it to just opt out ...
by ryman554
Tue Dec 19, 2017 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Maximizing state tax payment & deduction in 2017
Replies: 13
Views: 1864

Re: Maximizing state tax payment & deduction in 2017

I’ve previously overpaid state taxes for a year that I itemized and gotten a refund from the state during the next calendar year. This was a small amount (hundreds). Turbo tax for the following year does not handle that case well. It gives you a choice: treat the whole refund as income, or go back ...
by ryman554
Tue Dec 19, 2017 9:18 am
Forum: Personal Finance (Not Investing)
Topic: 1992 Non-deductible IRA Contribution- not paying tax twice?
Replies: 3
Views: 286

Re: 1992 Non-deductible IRA Contribution- not paying tax twice?

Won't you just fill out form 8606 upon withdrawals and indicate a $2000 basis?

The form does the rest.

Did you fill out 8606 recently, and did it have this basis included?
by ryman554
Sat Dec 16, 2017 5:45 pm
Forum: Investing - Theory, News & General
Topic: 2nd million is easier!
Replies: 123
Views: 23594

Re: 2nd million is easier!

bubbadog wrote:
Fri Dec 15, 2017 10:02 pm
My employment income is not that high. It has been around 250-260k over the last 4 years.
Sorry to say, but your employment income is VERY high.

Even still, many folks with that income do not save 70k+ a year. That takes fortitude. Great job.
by ryman554
Sat Dec 16, 2017 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Recast mortgage as part of a pay down strategy
Replies: 60
Views: 2987

Re: Recast mortgage as part of a pay down strategy

Ok. So I read up a bit more on both sides of the argument. Here is where I landed in case anyone cares. I am going to split the difference. I will continue to plow in a bunch extra but only enough to do the yearly recast, and use the remainder split between CDs, and S&P index funds with the hopes o...
by ryman554
Fri Dec 15, 2017 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Recast mortgage as part of a pay down strategy
Replies: 60
Views: 2987

Re: Recast mortgage as part of a pay down strategy

Lenders aren't required to offer a recast. Meaning it could be here today and gone tomorrow. Not really sure how I am wasting the banks time and money, they are not generally in the business of losing money and wouldn't offer the service if they didnt feel it made good business sense for them. Not ...
by ryman554
Fri Dec 15, 2017 9:57 am
Forum: Investing - Theory, News & General
Topic: Monthly stock investments
Replies: 2
Views: 512

Re: Monthly stock investments

1. Open account at Fidelity (or Vanguard, Schwab, ... ) 2. Tell your bank to send $3000 every month on the 1st. Or your broker to pull $3000 on the 1st. 3. Set up automatic investments of $3000 the day after your cash gets in for whatever fund you want. (for Fidelity pulls, you can set it up the sam...
by ryman554
Thu Dec 14, 2017 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Recast mortgage as part of a pay down strategy
Replies: 60
Views: 2987

Re: Recast mortgage as part of a pay down strategy

It's not a good strategy. Let's ignore the pay off mortgage vs. invest question... if you are going to pay down and recast, but pay the same mortgage payment as you would do, anyhow, then there is no benefit to recasting since you will pay off the mortgage at the same rate. But, recasting usually co...
by ryman554
Thu Dec 14, 2017 9:40 am
Forum: Investing - Help with Personal Investments
Topic: Reached 50X annual spending. Now what?
Replies: 56
Views: 6233

Re: Reached 50X annual spending. Now what?

Get rid of all debt. What is your multiplier now? Split your multipliers into "essential" and "essential+fun" What do you budget for medical expenses going forward? Read up on ACA/Medicare and put line items in for that. Estimate worst-case (think rounds and rounds of chemo + nursing home care) Subt...
by ryman554
Tue Dec 12, 2017 9:18 am
Forum: Investing - Help with Personal Investments
Topic: Hedging RSUs
Replies: 6
Views: 478

Re: Hedging RSUs

Why are you hedging assets that do not yet exist? The wife could quit her job and the RSUs would go poof. Please think of RSUs as a bonus in cash based on the performance of the company as a whole. Act genuinely surprised and delighted when RSUs vest, and for goodness sake, never *rely* on RSUs for ...
by ryman554
Tue Dec 12, 2017 9:15 am
Forum: Investing - Help with Personal Investments
Topic: Where do I put 50k I don't need?
Replies: 25
Views: 2930

Re: Where do I put 50k I don't need?

This question seems to have a wrong premise. The OP has money that has no purpose today, but will sometime in the future. What other money might the OP have that shares similar characteristics? Money for retirement? There is only one correct strategy, and that is invest it alongside/in the same pool...
by ryman554
Mon Dec 11, 2017 2:32 pm
Forum: Investing - Theory, News & General
Topic: After a 2- or 3-fund solution, the rest is withdrawals and world events
Replies: 17
Views: 1849

Re: After a 2- or 3-fund solution, the rest is withdrawals and world events

I will edit a lengthy reply/rant and say this: I strongly believe that any situation that arises that cause the 3.5-4% "rule" to go out the window will also mean that your 2% rule won't work, either. Hmm, I disagree. 4% rule failures may just be running out of money in year 28 (30 years without dep...
by ryman554
Mon Dec 11, 2017 9:50 am
Forum: Investing - Theory, News & General
Topic: Is a Fidelity VISA 2% cashback contribution to a Roth IRA tax-free?
Replies: 15
Views: 2436

Re: Is a Fidelity VISA 2% cashback contribution to a Roth IRA tax-free?

I am looking to do a the same thing and after reading this tread I am still unsure of the answer. If I dump the cashback from all my cards into a Roth IRA do I need to pay taxes on it at any point? The Roth IRA will only contain money from the cards and no other contributions. As long as you have e...
by ryman554
Mon Dec 11, 2017 9:38 am
Forum: Investing - Theory, News & General
Topic: After a 2- or 3-fund solution, the rest is withdrawals and world events
Replies: 17
Views: 1849

Re: After a 2- or 3-fund solution, the rest is withdrawals and world events

I will edit a lengthy reply/rant and say this:

I strongly believe that any situation that arises that cause the 3.5-4% "rule" to go out the window will also mean that your 2% rule won't work, either.
by ryman554
Wed Dec 06, 2017 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: Mortgage Payoff Question in HCOL area
Replies: 12
Views: 1481

Re: Mortgage Payoff Question in HCOL area

Good point on % of net worth. If I paid off fully the house would be about half of total net worth. Would you rather have your house at half your net worth or pay a fee (let's call it mortgage interest) for the privilege to leverage your primary residence and "gamble" (let's call it invest) on a hi...
by ryman554
Tue Dec 05, 2017 9:33 am
Forum: Investing - Help with Personal Investments
Topic: 3 fund portfolio for europeans?
Replies: 13
Views: 1128

Re: 3 fund portfolio for europeans?

i think for bonds i'll go for a mix of gov bonds vs company bonds to get around 3% or 4% Don't chase yields with bonds. Understand the purpose of bonds in your portfolio. It's not for "interest", it's for an asset class which is not correlated strongly (for good or for bad) with equities. Corporate...
by ryman554
Mon Dec 04, 2017 9:39 am
Forum: Investing - Help with Personal Investments
Topic: 3 fund portfolio for europeans?
Replies: 13
Views: 1128

Re: 3 fund portfolio for europeans?

i think for bonds i'll go for a mix of gov bonds vs company bonds to get around 3% or 4% Don't chase yields with bonds. Understand the purpose of bonds in your portfolio. It's not for "interest", it's for an asset class which is not correlated strongly (for good or for bad) with equities. Corporate...