Search found 1485 matches

by BigJohn
Fri Feb 16, 2018 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: I'm Cancelling My Home Insurance
Replies: 156
Views: 10759

Re: I'm Cancelling My Home Insurance

All the umbrella policies I’ve looked at require underlying liability insurance with specific limits. If your individual policy is below those limits, you’re required to increase them in order to qualify for umbrella underwriting. The intent of umbrella is for very rare circumstances were the underl...
by BigJohn
Tue Feb 13, 2018 8:15 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard VXUS QDI% 2017
Replies: 9
Views: 561

Re: Vanguard VXUS QDI% 2017

Have you looked at the trade off of losing the foreign tax credit if you hold in IRA/401K?
by BigJohn
Sun Feb 11, 2018 7:56 am
Forum: Investing - Help with Personal Investments
Topic: Arguments against rising equity glide path?
Replies: 40
Views: 2428

Re: Arguments against rising equity glide path?

AlohaJoe, thanks for the follow-up info, very informative.
by BigJohn
Sun Feb 11, 2018 1:05 am
Forum: Investing - Help with Personal Investments
Topic: Arguments against rising equity glide path?
Replies: 40
Views: 2428

Re: Arguments against rising equity glide path?

Assuming that this means higher return or ending value, I think there are lots of good arguments that rising equity may not be optimal. No, that's not what it means in this context. But you are right that defining success is important. So now I’m curious, what criteria for success did McClure mean ...
by BigJohn
Sun Feb 11, 2018 12:35 am
Forum: Investing - Help with Personal Investments
Topic: Arguments against rising equity glide path?
Replies: 40
Views: 2428

Re: Arguments against rising equity glide path?

In reading over the comments posted by AlohaJoe it occurred to me that a key question is the need to define the objective. It's difficult to tell for sure without more context but many of those comments seem geared toward "improved performance". Assuming that this means higher return or ending value...
by BigJohn
Sat Feb 10, 2018 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: Arguments against rising equity glide path?
Replies: 40
Views: 2428

Re: Arguments against rising equity glide path?

The rising equity path makes a lot more sense as a result as opposed to being the plan. Here's what I mean. One can put a retirement plan together by create a base level of income (beyond Social Security) using fixed income and/or annuities. With this money, the plan is to spend it down to zero. Th...
by BigJohn
Fri Feb 09, 2018 7:54 pm
Forum: Investing - Help with Personal Investments
Topic: University of California - New employee Dilemma : Pension Choice or Savings Choice?
Replies: 12
Views: 1030

Re: University of California - New employee Dilemma : Pension Choice or Savings Choice?

My daughter faced a similar choice in a different state. Ultimately her choice was the 401k given that it was much more portable to another employer and she was fairly certain she would not stay with that employer for the long term. The other question that might be asked is can the terms of the pens...
by BigJohn
Fri Feb 09, 2018 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: NUA / 401(k) 1099-R rollover, is it correct?
Replies: 19
Views: 746

Re: NUA / 401(k) 1099-R rollover, is it correct?

Since the company stock was transferred to a taxable brokerage account, the stock won't qualify for rollover treatment to an IRA, and it would be taxable correct? So can't I just attach a statement to my income tax return to indicate that and explain why the inclusion in income does not tie to the ...
by BigJohn
Wed Feb 07, 2018 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: NUA / 401(k) 1099-R rollover, is it correct?
Replies: 19
Views: 746

Re: NUA / 401(k) 1099-R rollover, is it correct?

hunterhe, just to help as much as possible pulling this altogether I'd add the following. The experience I related in my original post is fully consistent with what Alan S has indicated should happen. My box 2a was zero because the entire cost basis was attributed to after-tax contributions so there...
by BigJohn
Wed Feb 07, 2018 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: NUA / 401(k) 1099-R rollover, is it correct?
Replies: 19
Views: 746

Re: NUA / 401(k) 1099-R rollover, is it correct?

I did the same type of transactions in 2015. I received two different 1099-R’s from my 401k plan. The one for the rollover to a tIRA showed a total distribution with code G as expected. The other was for the NUA stock transfer. It also showed a total distribution with the total stock value in Box 1,...
by BigJohn
Thu Feb 01, 2018 8:37 pm
Forum: Investing - Help with Personal Investments
Topic: Input on South Carolina 401(a) Investment Options
Replies: 10
Views: 1461

Re: Input on South Carolina 401(a) Investment Options

Hey icecube, welcome to the forum!

She went with a Vanguard Target Retirement fund at Valic. No issues to date.
by BigJohn
Wed Jan 31, 2018 6:39 pm
Forum: Investing - Theory, News & General
Topic: looking for positive experiences transferring to Vanguard
Replies: 39
Views: 2225

Re: looking for positive experiences transferring to Vanguard

In the past three years I have transferred a 401k, a lump sum pension and a taxable account to VG without a hitch.
by BigJohn
Sat Jan 27, 2018 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Donate RMD to charitable organization
Replies: 9
Views: 659

Re: Donate RMD to charitable organization

Kitces articles does seem to address inherited IRAs. Under IRS Notice 2007-7, Q&A-36, even a beneficiary of an inherited IRA can be eligible for a QCD, as long as the beneficiary themselves is at least age 70 ½ on the date of the distribution. Seems clear that you are too young to qualify for using ...
by BigJohn
Sat Jan 27, 2018 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: 1 month uninsured
Replies: 2
Views: 447

Re: 1 month uninsured

I'm am a volunteer tax preparer for TaxAide. I've prepared returns for several people who have qualified for this exemption. As long as you have documentation of the short gap, it should be very straight forward to get exemption from the penalty.
by BigJohn
Fri Jan 26, 2018 7:04 pm
Forum: Personal Consumer Issues
Topic: Opinion - is snopes.com generally reliable and unbiased?
Replies: 18
Views: 1210

Re: Opinion - is snopes.com generally reliable and unbiased?

I use this site to evaluate credibility. It ranks both degree of political leaning as well as factual content. I’ve used their search engine to get results on some know sites (BBC, WSJ, NYT, MSNBC, FOX, CNN) and the results seem spot on. This won’t help with a specific claim but can give some reason...
by BigJohn
Fri Jan 26, 2018 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Novice needs ideas on fixing 401K and NUA company stock treatment
Replies: 27
Views: 1139

Re: Novice needs ideas on fixing 401K and NUA company stock treatment

Tough for me........ we have been so aggressive for so long, my mindset wants to stay invested. Maybe it has come time to convince myself that protecting is now more important than aggressive growth. I agree with retiredjg that 70/30 is more aggressive than I'd feel comfortable with going into reti...
by BigJohn
Thu Jan 25, 2018 5:57 pm
Forum: Investing - Help with Personal Investments
Topic: Novice needs ideas on fixing 401K and NUA company stock treatment
Replies: 27
Views: 1139

Re: Novice needs ideas on fixing 401K and NUA company stock treatment

I used NUA treatment of company stock when I retired a few years ago. Although you may have a qualifying event, most 401k plans will not let you make a withdrawl until you retire, I know mine would not. A few things to think about. Does all the stock have the same cost basis? If not, can you sell at...
by BigJohn
Mon Jan 22, 2018 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Do my wife and I need POA's if we live in community property state?
Replies: 4
Views: 372

Re: Do my wife and I need POA's if we live in community property state?

I live in a community property state. I used the POA I had for my wife to transfer title to the kids cars from her to them when she became unable to have her signature notarized. I also used it when I retired and required a notarized spousal signature for my pension elections. Although it never happ...
by BigJohn
Sat Jan 20, 2018 5:57 pm
Forum: Investing - Theory, News & General
Topic: Fear of dying with too much money?
Replies: 137
Views: 8317

Re: Fear of dying with too much money?

Personally, if my portfolio tripled over the course of the first 20 years of retirement, I believe that fear would become very real for me. Why worry until that happens? If it happens, do something about it like find a worthy charity or two or three and volunteer with them to ensure your money is w...
by BigJohn
Tue Jan 16, 2018 6:44 pm
Forum: Investing - Help with Personal Investments
Topic: Are we in an Index fund bubble? Are we irrationally overlooking individual stock analysis?
Replies: 18
Views: 2769

Re: Are we in an Index fund bubble? Are we irrationally overlooking individual stock analysis?

By indexing all we know is that we will pay less in costs than those who choose active management via active mutual funds. We also know that an index will achieve the market average less those very low costs. All active funds in aggregate will also achieve that average but since they are taking a m...
by BigJohn
Tue Jan 16, 2018 6:29 pm
Forum: Investing - Help with Personal Investments
Topic: Merrill Edge best choice for higher net worth accounts?
Replies: 39
Views: 4745

Re: Merrill Edge best choice for higher net worth accounts?

The OP was considering a move, and said "I've heard that [Vanguard] customer service isn't the best" as one of the reasons for considering the move. That invites comments about Vanguard customer service. A lot of people, including me, have had good experience with Vanguard customer service. I truth...
by BigJohn
Sat Jan 13, 2018 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: Rethinking the use of Vanguard Total Bond Fund in my 3 Fund Porfolio
Replies: 5
Views: 955

Re: Rethinking the use of Vanguard Total Bond Fund in my 3 Fund Porfolio

We use Vanguard Intermediate-term Bond Index Fund Admiral Shares (VBILX) as our only bond fund. I’m not a fan of TBM and this is my choice as well. I based my decision on the type and duration of bonds and whether they fit my needs not past performance. That said, I think it’s likely that 20 year’s...
by BigJohn
Thu Jan 11, 2018 7:50 am
Forum: Investing - Help with Personal Investments
Topic: Sequence of Return Risk impact on Retirement
Replies: 103
Views: 4520

Re: Sequence of Return Risk impact on Retirement

For those looking for a formula or plan that guarantees success, Dandy's list is a good reminder of why you are not going to find that in managing sequence of return risk or any other risk for that matter. I think the right questions to ask are what adjustments do you make? If you are worried about ...
by BigJohn
Wed Jan 10, 2018 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: Inflation Protected Bonds - Short or Longer Term Duration?
Replies: 11
Views: 1021

Re: Inflation Protected Bonds - Short or Longer Term Duration?

The ST TIPS bonds fund will have a greater correlation with inflation. That's why VG launched that fund, to give better inflation tracking. I know this is what VG said in their paper a few years back but if I recall correctly, the actual tracking difference was pretty small and maybe not statistica...
by BigJohn
Wed Jan 10, 2018 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: Sequence of Return Risk impact on Retirement
Replies: 103
Views: 4520

Re: Sequence of Return Risk impact on Retirement

I agree with comments that it’s difficult to have a formulaic glide path. My current plan started retirement at 35/65 about 3 years ago. Since the market has been kind to me, I’ve sold stock annually to rebalance back to that target. If there isn’t a bear market in the first 10 years of retirement, ...
by BigJohn
Mon Jan 08, 2018 8:30 pm
Forum: Investing - Help with Personal Investments
Topic: Smallest % worth Allocating in your Portfolio
Replies: 30
Views: 2057

Re: Smallest % worth Allocating in your Portfolio

I'm with the 10 - 20% crowd based on some simple math. Assume that your base portfolio returns 4% real and your tilt is supposed to give an incremental 1% (a typical number quoted for SCV tilt). With a 2% tilt you raise the expected total to 4.02%, a 5% tilt to 4.05%, a 10% tilt to 4.1% and a 20% ti...
by BigJohn
Mon Jan 08, 2018 1:20 pm
Forum: Investing - Help with Personal Investments
Topic: New tax plan-62 year old convert to Roth before RMD?
Replies: 31
Views: 2541

Re: New tax plan-62 year old convert to Roth before RMD?

Thanks again for the links Bigjohn. I have read through them and wonder what you and Victoria decided about conversion and how it has worked out. I was unaware of the Medicare issues, and really appreciate you mentioning them. Seems to me with the new tax law and lower temporary rates, that would m...
by BigJohn
Sun Jan 07, 2018 10:03 am
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 226
Views: 27183

Re: Hitting The Sell Button

Sometimes paying tax is a necessary evil. Don't let the (tax) tail wag the (investment) dog. +1, especially if you are not sleeping well at night because you feel your risk is too high. What's worse, locking in gains, paying taxes and sleeping better or..... a significant correction that lowers you...
by BigJohn
Sat Jan 06, 2018 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: TaxAct and alternatives
Replies: 109
Views: 9023

Re: TaxAct and alternatives

teen persuasion wrote:
Sat Jan 06, 2018 10:34 am
Looking now, neither IRS nor the state have any freefile options up yet - both tell you to "come back in January"!
Official start date for accepting returns is 1/29/18 https://www.irs.gov/newsroom/2018-tax-f ... -taxpayers
by BigJohn
Sat Jan 06, 2018 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: What strategy do you use to reduce sequence of returns risk in retirement?
Replies: 117
Views: 7755

Re: What strategy do you use to reduce sequence of returns risk in retirement?

I've been thinking about this and get a bit stuck with the idea that most bonds in a 3 fund portfolio are in tax-deferred space so you wind up pulling from your 401k/tIRA, etc. early in retirement and incurring income tax (hopefully at a lower rate than when working). If your equity funds, e.g. Tot...
by BigJohn
Fri Jan 05, 2018 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: New tax plan-62 year old convert to Roth before RMD?
Replies: 31
Views: 2541

Re: New tax plan-62 year old convert to Roth before RMD?

moe, be aware that the IRMAA issue is not the only thing that can cause discontinuities and jumps in your actual marginal tax rate that bear little relationship to your listed tax bracket. The tax code is full of this kind of stuff and depending on your circumstances, it can have a significant impac...
by BigJohn
Thu Jan 04, 2018 10:50 pm
Forum: Investing - Theory, News & General
Topic: A Case for Bonds in Taxable?
Replies: 24
Views: 2750

Re: A Case for Bonds in Taxable?

I agree with your approach, but for my clarification in your scenario, can you sell the bonds in you tax deferred and replace in your tax deferred with stocks....and then sell some stocks in your taxable....if you need the cash? (specific to the scenario you're referring to). depending how big the ...
by BigJohn
Thu Jan 04, 2018 6:56 pm
Forum: Investing - Theory, News & General
Topic: A Case for Bonds in Taxable?
Replies: 24
Views: 2750

Re: A Case for Bonds in Taxable?

I’m in a similar situation, 9 years to RMD/SS, doing significant Roth conversions and living off my taxable account. In this situation having taxable at 100% stocks is not a prudent approach in my opinion It leaves you open to either a significant sequence of return risk if there is a correction or ...
by BigJohn
Thu Jan 04, 2018 6:40 pm
Forum: Investing - Theory, News & General
Topic: "VB Account Agreement"--Checkwriting? No written orders? What IS this really about?
Replies: 16
Views: 1441

Re: "VB Account Agreement"--is checkwriting on death row? What IS this really about?

On the check writing issue, I recently moved from a heritage MF account to a brokerage account. Check writing dies not appear to be on it’s death bed but it is different with a brokerage account. In the old MF structure the checks were tied to a specific fund account number. As a result, I could hav...
by BigJohn
Thu Jan 04, 2018 6:24 pm
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 226
Views: 27183

Re: Hitting The Sell Button

I’m 61 and have been retired for about 3 years. I did my annual rebalancing earlier this week and based on the kind of year it’s been that required selling a fairly large chunk of TSM and TISM to IT bond fund. Given the size, my initial reaction was to potentially moderate the amount. However, after...
by BigJohn
Wed Jan 03, 2018 6:02 pm
Forum: Investing - Help with Personal Investments
Topic: What strategy do you use to reduce sequence of returns risk in retirement?
Replies: 117
Views: 7755

Re: What strategy do you use to reduce sequence of returns risk in retirement?

Just posted this in your other discussion on bond allocation but it seems to fit here as well. https://www.bogleheads.org/forum/viewtopic.php?p=3699434#p3699434 A few other comments.... I agree that VPW is also an effective methods but I would prefer not to have the potential large swings it might b...
by BigJohn
Wed Jan 03, 2018 5:50 pm
Forum: Investing - Help with Personal Investments
Topic: Age In Bonds after 65 with 25X, 35X, 50X ??? Your Approach?
Replies: 35
Views: 2970

Re: Age In Bonds after 65 with 25X, 35X, 50X ??? Your Approach?

Going into early retirement (at age 58) I was comfortably below a 4% SWR so not too concerned about size of portfolio at that time. The one risk that did concern me was sequence of return. I took an LMP type approach and put my bond allocation at an amount on which I felt I could live for 35 years. ...
by BigJohn
Tue Jan 02, 2018 6:17 pm
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR 2018 BOGLEHEAD CONTEST
Replies: 144
Views: 8756

Re: REGISTRATION FOR 2018 BOGLEHEAD CONTEST

Form is a great change, thanks. I may have inadvertently submitted two entries with my user name, hope that does not screw up your system. My apologies if it causes issues.
by BigJohn
Tue Jan 02, 2018 6:11 pm
Forum: Investing - Theory, News & General
Topic: Savings Bond Wizard to be eliminated 5/18
Replies: 45
Views: 4997

Re: Savings Bond Wizard to be eliminated 5/18

Well this is an unwelcome new year’s gift. Anyone have any recent experience with converting paper bonds to a Treasury Direct account? The horror stories from a few years back made me very lery to take this step with my kids paper bonds..
by BigJohn
Mon Jan 01, 2018 8:04 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Feedback and Diversifying Vested RSUs
Replies: 3
Views: 342

Re: Portfolio Feedback and Diversifying Vested RSUs

One other comment to add on RSU's. Going forward, I'd sell all vesting RSU immediately. The vest price is normal income in that year anyway and a few days of gain/loss won't be significant in the long run. This is how I handled RSUs for many years to keep the exposure to my company stock down.
by BigJohn
Sun Dec 31, 2017 8:13 pm
Forum: Personal Consumer Issues
Topic: Netflix, Your Current Favorite Show
Replies: 390
Views: 43338

Re: Netflix, Your Current Favorite Show

My sons got me hooked on the BBC series Sherlock Holmes. A really fantastic modern day update to some of my favorite childhood reading.
by BigJohn
Sun Dec 31, 2017 10:57 am
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion - Break Even Calculation - How do you do it?
Replies: 27
Views: 2073

Re: Roth Conversion - Break Even Calculation - How do you do it?

Using firecalc ballpark estimates it seems we should be able to live fine on RMDs (4%) and SS and that income should be a little more than half of my income now. That would probably put me in a lower marginal tax bracket although I am not really sure how to calculate this with some degree of certai...
by BigJohn
Sun Dec 31, 2017 7:13 am
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion - Break Even Calculation - How do you do it?
Replies: 27
Views: 2073

Re: Roth Conversion - Break Even Calculation - How do you do it?

with so many moving parts and not clear how much a future marginal tax rate might differ from the current (no clear tax benefit) it seems to me more prudent maybe to take a more hands off approach. Maybe better to wait another year and do some more tax research than trying to micromanage?? My two c...
by BigJohn
Sat Dec 30, 2017 8:44 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion - Break Even Calculation - How do you do it?
Replies: 27
Views: 2073

Re: Roth Conversion - Break Even Calculation - How do you do it?

Here is a post on my attempt to look at break even analysis on Roth conversion. I agree with comment above about looking at your specific situation, especially with respect to marginal tax rates that can be different than you expect based on tax code complexities. Recognize that there are a lot of a...
by BigJohn
Fri Dec 29, 2017 6:45 pm
Forum: Investing - Help with Personal Investments
Topic: CleanTech/Energy Funds & ETFs
Replies: 32
Views: 1263

Re: CleanTech/Energy Funds & ETFs

I agree with your belief in the need for a lower carbon footprint but maybe that won’t come from existing technologies in which you’d be investing. As an example, what if there were a major breakthrough in low cost carbon capture technology from power plants? This could take the pressure and subsidi...
by BigJohn
Fri Dec 29, 2017 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: Is Roth IRA conversion easy with Vanguard?
Replies: 26
Views: 2015

Re: Is Roth IRA conversion easy with Vanguard?

I never got an "invitation" to convert to a brokerage account and I hope I never do based on everything I've read here about it. FWIW, I was were you are several years ago with some legacy mutual fund accounts that I didn't want to change. Ultimately changed tIRAs to brokerage type last year so I c...
by BigJohn
Thu Dec 28, 2017 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Prices
Replies: 171
Views: 21244

Re: TurboTax Prices

See comparison of versions here. Basically amounts to Premier providing more help and support but both have ability to produce the same tax return.
https://turbotax.intuit.com/personal-ta ... e/desktop/
by BigJohn
Thu Dec 28, 2017 6:22 pm
Forum: Investing - Theory, News & General
Topic: Partial Roth Conversions ?
Replies: 6
Views: 833

Re: Partial Roth Conversions ?

I’m doing it for two reasons. First, I’m trying to avoid the tax torpedo at age 70 when both RMDs and SS start and significantly increase my AGI. Second, I’m trying to get some balance of assets between tIRA and Roth to be able to optimize withdrawal strategy (I started retirement with no Roth asset...
by BigJohn
Thu Dec 28, 2017 12:43 pm
Forum: Investing - Help with Personal Investments
Topic: Is Roth IRA conversion easy with Vanguard?
Replies: 26
Views: 2015

Re: Is Roth IRA conversion easy with Vanguard?

I just did my end-year adjustment and the on-line conversion took a minute or less. However, one requirement for doing it on-line is that both accounts need to be the new brokerage type account. Not an issue for the OP since both will be new accounts but posting this for anyone reading that has an o...
by BigJohn
Fri Dec 22, 2017 11:36 pm
Forum: Personal Consumer Issues
Topic: Income tax software, "Tax Slayer".
Replies: 16
Views: 1536

Re: Income tax software, "Tax Slayer".

kaneohe, I've played around with TaxSlayer 2017 a bit and agree the Federal version is improved from last year. Not sure about your state but our state returns were very problematic last year. I'm less optimistic about improvements there based on the feedback we've gotten from TaxSlayer developers b...