Search found 251 matches

by hawkfan55
Tue May 22, 2018 2:37 pm
Forum: Investing - Help with Personal Investments
Topic: How do you stop moving the goal posts.
Replies: 57
Views: 3759

Re: How do you stop moving the goal posts.

The standard of living I will have in retirement today will be significantly higher than what I would have had 4 years ago. When you retire, you will have to stop measuring your self worth by the movement of your financial asset balances. As you stated, your standard of living in retirement today i...
by hawkfan55
Tue May 22, 2018 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: Can I afford to retire now?
Replies: 41
Views: 5686

Re: Can I afford to retire now?

Is it really worth making the Roth conversions? Or just spend down the 401K first (ahead of the taxable) to push out SS start ? We think so... here's why. DW and I both retired. Pensions of $54k. We are withdrawing from deferred to meet expenses AND doing Roth Conversions. DW starting SS at 63, I w...
by hawkfan55
Wed May 16, 2018 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Communities w Great Weather and Low/No State Taxes?
Replies: 12
Views: 1767

Re: Retirement Communities w Great Weather and Low/No State Taxes?

Great suggestions... Washington State, Texas Hill Country, Sedona, AZ, Reno, eastern Tennessee! I agree with Alan S that it is not wise to let the tax tail wag the dog. DW and I would like to relocate to an active adult retirement community with lots of different outdoor activities such as golf, ten...
by hawkfan55
Wed May 16, 2018 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Communities w Great Weather and Low/No State Taxes?
Replies: 12
Views: 1767

Retirement Communities w Great Weather and Low/No State Taxes?

Newly retired and looking for recommendations on retirement communities located in areas where one can live year round. Not too hot in summer or too cold in winter. Also want low or no state taxes on retirement savings withdrawals. Good healthcare and low crime also wanted. Thought maybe northern Fl...
by hawkfan55
Wed May 16, 2018 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Can I afford to retire now?
Replies: 41
Views: 5686

Re: Can I afford to retire now?

3. Do I need to downsize on my primary residence – in order to meet retirement expenses? Only you can determine whether you need or want to downsize your home. I-ORP will give you your optimal spending solution after taxes. You can then "rightsize" your spending. My reason for considering moving at...
by hawkfan55
Wed May 16, 2018 10:46 am
Forum: Investing - Help with Personal Investments
Topic: Can I afford to retire now?
Replies: 41
Views: 5686

Re: Can I afford to retire now?

Emergency funds: 65K in checking You will find that, when you are retired, having 65k in a checking account might not be prudent as long as you can access funds in case of an emergency. Consider keeping a year's expenses in a high-yield savings account or Vanguard's Prime Money Market earning 1.5% ...
by hawkfan55
Thu May 10, 2018 9:37 am
Forum: Personal Finance (Not Investing)
Topic: 100%, 75%, 50% Joint & Survivor?
Replies: 17
Views: 1675

Re: 100%, 75%, 50% Joint & Survivor?

Decided to go Option 6, 100% joint and survivor.
Thanks to all who weighed in!
HawkFan55
by hawkfan55
Tue May 08, 2018 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: 100%, 75%, 50% Joint & Survivor?
Replies: 17
Views: 1675

Re: 100%, 75%, 50% Joint & Survivor?

Thanks #Cruncher! Appreciate your advice. 8-)
by hawkfan55
Tue May 08, 2018 11:27 am
Forum: Personal Finance (Not Investing)
Topic: 100%, 75%, 50% Joint & Survivor?
Replies: 17
Views: 1675

Re: 100%, 75%, 50% Joint & Survivor?

Thanks to all who've replied. We've chosen Option 6. Would you choose 100%, 75%, 50% Joint & Survivor?
by hawkfan55
Tue May 08, 2018 10:42 am
Forum: Personal Finance (Not Investing)
Topic: 100%, 75%, 50% Joint & Survivor?
Replies: 17
Views: 1675

Re: Which PERS Benefit Option would be best?

#Cruncher, thank you for taking a look at our situation. Your input is always appreciated. I'm glad to hear that we are on the right track with Option 6. Option 6 A lifetime monthly benefit for you and, after your death, a lifetime monthly benefit for your contingent annuitant (CA), if you die befor...
by hawkfan55
Fri May 04, 2018 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: 100%, 75%, 50% Joint & Survivor?
Replies: 17
Views: 1675

Re: Which PERS Benefit Option would be best?

ExitStageLeft, thank you for your reply! I can appreciate your ideas and I've certainly used many retirement calculators. Spreadsheets can make situations more clear. I would imagine most people just pick a survivor benefit they feel would make them comfortable. Thank you, again.
by hawkfan55
Thu May 03, 2018 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Question on Pension Payout from Former Job
Replies: 10
Views: 1169

Re: Question on Pension Payout from Former Job

Best to do a rollover IRA and avoid penalties and taxes. This $38k will be worth SIGNIFICANTLY more when you retire. Listen to your gut... you are right!
by hawkfan55
Thu May 03, 2018 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: 100%, 75%, 50% Joint & Survivor?
Replies: 17
Views: 1675

Re: Which PERS Benefit Option would be best?

Thanks GAAP and soccerrules! I called to find out what a $1,000,000 term life insurance policy for my DW would cost. At age 59 and in excellent health, the cost would be $241 per month for 20 years, $168 per month for 15 years and $128 per month for . An $800,000 term life insurance policy would be ...
by hawkfan55
Wed May 02, 2018 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: 100%, 75%, 50% Joint & Survivor?
Replies: 17
Views: 1675

Re: Which PERS Benefit Option would be best?

She has the bigger pension amount, but is younger. How is your health? All things equal, there's less chance her death benefit will be necessary. Can she delay drawing on the pension to increase her benefit? Can you delay your own Social Security to 70? that would increase both your benefit and her...
by hawkfan55
Wed May 02, 2018 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: 100%, 75%, 50% Joint & Survivor?
Replies: 17
Views: 1675

Re: Which PERS Benefit Option would be best?

3) Choosing #4 or #6 gives you $100K a year of cola'd benefit including SS (very nice benefit) 4) You also have $1.4M with a SWR of 4% = $56K a year on top of the $100K. soccerrules, thanks for replying. I wish our pensions were cost of living adjusted... unfortunately, they are not. They will prov...
by hawkfan55
Wed May 02, 2018 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: 100%, 75%, 50% Joint & Survivor?
Replies: 17
Views: 1675

Re: Which PERS Benefit Option would be best?

Sorry if I missed it, but what are anticipated expenses? Exit Stage Left, I updated initial post to read "Expenses: $100k Spending/yr after taxes. We can and will adjust expenses due to investment returns." We will be drawing down from Retirement Savings more heavily than 4% until he takes pension ...
by hawkfan55
Wed May 02, 2018 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: 100%, 75%, 50% Joint & Survivor?
Replies: 17
Views: 1675

100%, 75%, 50% Joint & Survivor?

Edit: We've chosen Option 6. Would you choose 100%, 75%, 50% Joint & Survivor? Please help us decide which PERS Pension Option is best for us from a financial standpoint? We are thinking Option 6, 100% Survivor Situation: As of July, couple will be retired. Both in good health. Her, 59 years old, NO...
by hawkfan55
Fri Apr 27, 2018 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: Making the decision to do a Roth Conversion
Replies: 46
Views: 3087

Re: Making the decision to do a Roth Conversion

For example, if RMDs at 70.5 will put you at the 24 or 25% bracket from then on and you are currently converting to the top of the 10% bracket, I would start converting to the top of the 12% tax bracket instead. Celia, I would even consider converting into the 22% bracket as long as your staying be...
by hawkfan55
Wed Apr 25, 2018 11:24 pm
Forum: Investing - Help with Personal Investments
Topic: Making the decision to do a Roth Conversion
Replies: 46
Views: 3087

Re: Making the decision to do a Roth Conversion

Since the spendable dollars are the same, there are other advantages to a Roth Conversion. 1. You think tax rates will increase for your bracket at withdrawal time. 2. A Roth has advantages for your heirs to inherit. 3. The extra income from RMDs of a traditional IRA will push you into higher tax B...
by hawkfan55
Wed Apr 25, 2018 9:43 pm
Forum: Investing - Help with Personal Investments
Topic: PERS pension, should we do more Roth ?
Replies: 5
Views: 728

Re: PERS pension, should we do more Roth ?

As long as we don’t have another 2008 we should be ok. This would be of concern for me as it would not be a surprise if equities were to fall by 50%. They could take years to come back so it would be wise to have an asset allocation that can sustain your needed withdrawals, at least until your SS F...
by hawkfan55
Fri Apr 20, 2018 11:46 pm
Forum: Investing - Help with Personal Investments
Topic: Divs and Cap Gains are killing me
Replies: 123
Views: 13417

Re: Divs and Cap Gains are killing me

BTW, the taxes on cap gains and divs are far smaller than the taxes on IRA distributions/withdrawals
+1 :sharebeer
by hawkfan55
Wed Apr 11, 2018 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Active Adult Retirement Communities
Replies: 36
Views: 3798

Re: Active Adult Retirement Communities

I appreciate everyone's ideas, recommendations and thoughts. Again, we did visit The Villages in Florida and found it to be very nice! Del Webb's Sun Cities have also experienced lots of success. Robson Communities also seem very nice. With their success over the years, lots of people love the activ...
by hawkfan55
Mon Apr 09, 2018 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Will I catch up saving for retirement?
Replies: 54
Views: 4615

Re: Will I catch up saving for retirement?

My salary alone is 200k and I’m behind in saving for retirement. Currrently I have around 350k saved at age 34. Our HHI is 425k and we are both maxing out retirement and saving ~6k a month into a private brokerage account. With a household income of $425k and saving $86k in retirement accounts AND ...
by hawkfan55
Sun Apr 08, 2018 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Active Adult Retirement Communities
Replies: 36
Views: 3798

Re: Active Adult Retirement Communities

HomerJ, thanks for your reply. We're just getting started looking at Active Retirement Communities and have visited The Villages in Florida. We were impressed how nicely landscaped and organized The Villages were. Seemed really nice. We think the gulf side of Florida might suit us better than the At...
by hawkfan55
Sat Apr 07, 2018 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Active Adult Retirement Communities
Replies: 36
Views: 3798

Active Adult Retirement Communities

I am looking for suggestions from Bogleheads as to nice Active Adult Retirement Communities in Florida and Arizona that we might want to consider? We enjoy golf, walking, bicycling, pickleball, and socializing. We want to keep our housing expense under $500k. Thank you.
by hawkfan55
Wed Apr 04, 2018 9:49 pm
Forum: Investing - Help with Personal Investments
Topic: Estimated taxes for 2018
Replies: 18
Views: 1778

Re: Estimated taxes for 2018

use the trump tax calculator As he refuses to share his tax returns, coupled with his multiple bankruptcies, I would not recommend using his calculator! https://www.irs.gov/individuals/irs-wit ... calculator I have used the IRS Calculator for 2018 and found it to be accurate and easy to use. :happy...
by hawkfan55
Thu Mar 29, 2018 11:12 am
Forum: Investing - Help with Personal Investments
Topic: IRMAA and Roth Conversions
Replies: 21
Views: 1238

Re: IRMAA and Roth Conversions

FiveK, The Wizard, Celia, Wagnerjb, munemaker, neilpilot, Pops1860, smitcat, Artsdoctor, pshonore, and BigFoot48 ... Thank you all for your comments, thoughts and recommendations! I really appreciate everyone's replies. Celia, as you may remember, you helped me last year when I was considering doing...
by hawkfan55
Wed Mar 28, 2018 10:20 pm
Forum: Investing - Help with Personal Investments
Topic: IRMAA and Roth Conversions
Replies: 21
Views: 1238

IRMAA and Roth Conversions

I will be turning 63 this year and my DW is 59. We file our taxes Married and Joint. We want to do IRA to Roth Conversions into the 22% and possibly into the 24% tax bracket during the current tax year and into the next three or four following years to avoid RMDs pushing us into higher tax brackets ...
by hawkfan55
Wed Mar 28, 2018 3:16 pm
Forum: Investing - Help with Personal Investments
Topic: Retiree looking for investment advice
Replies: 15
Views: 1843

Re: Retiree looking for investment advice

LGVILLANO, I also retired in 2017. Education is the key... it will help you understand investment principles. With stock funds, you own very small parts of businesses and share in their profits (dividends). With bond funds, you are lending your money for a time and rate in effect at the time of inve...
by hawkfan55
Sat Feb 17, 2018 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 170
Views: 17906

Re: Number at which to stop worrying

Retired @ 62, DW 59 & working one more year. 45/55 Stock/Bond Allocation SS = $52k per year Pensions = $54.2 per year Roth Accounts = $460k = $18.4 per year at 4% withdrawal IRA/403b Accts = $950k = $38k per year at 4% withdrawal Total Income = $162.6k per year Less Effective Fed/State Tax = 22.33% ...
by hawkfan55
Sat Feb 17, 2018 1:04 am
Forum: Investing - Theory, News & General
Topic: How many of you use the "4% rule" during retirement?
Replies: 68
Views: 8990

Re: How many of you use the "4% rule" during retirement?

The 4% guideline is kept in mind, however, life is not that simple. I am 62 and retired for the past year, DW is 59 with one year before retiring. Her pension starts immediately upon her retirement, I'm waiting until age 65 to start a small pension and waiting till FRA or later to start SS, DW will ...
by hawkfan55
Mon Feb 12, 2018 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: Anybody else Age - 10 in bonds, rest in stocks
Replies: 127
Views: 12544

Re: Anybody else Age - 10 in bonds, rest in stocks

Me 62 Retired, DW 59
45/55 Stocks/Bonds and Stable Value
I consider Stable Value similar to bonds at 3.25-3.5% return without interest rate risk.
Closer to age-5 in fixed income
After start of SS (FRA or later) and Pensions, will go to 50/50
by hawkfan55
Mon Feb 05, 2018 9:17 pm
Forum: Investing - Theory, News & General
Topic: Vanguard site is crashed now?
Replies: 188
Views: 15606

Re: Did any other brokerages crash today other than Vanguard?

I was not able to get in 10-15 before the close and not several minutes after the close.
+1
by hawkfan55
Mon Feb 05, 2018 4:27 pm
Forum: Investing - Theory, News & General
Topic: Vanguard site is crashed now?
Replies: 188
Views: 15606

Re: Vanguard site is crashed now?

still somewhat surprised and disappointed that VGG hasn’t designed platform for client volume I'm sure many here are reluctant to admit they were doing some reallocation towards the end of the "trading day". I did want to transfer (convert) some funds from IRA to Roth IRA. Unfortunately, I received...
by hawkfan55
Tue Jan 23, 2018 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: Should I buy a business or suck it up at a job(s) with a pension.
Replies: 82
Views: 6238

Re: Should I buy a business or suck it up at a job(s) with a pension.

Another option I thought of was retire at 50, go work at my friends car wash if after a few months it still interests me explore buying my own place. However, this then makes me ineligible for the free medical at 55 because I’d be retiring at 50 from my employer. If I did this, my wife would have t...
by hawkfan55
Tue Jan 23, 2018 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: Can we pull the plug (retire)?
Replies: 10
Views: 2858

Re: Can we pull the plug (retire)?

You could probably do this and make it work. You may want to use the Optimal Retirement Planner, www.i-orp.com. If you are happy with the spending result, you can make it work. You also will want to look at possible Roth Conversions up to the top of the new 12% fed bracket. I like your conservative ...
by hawkfan55
Tue Jan 23, 2018 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with old pension?
Replies: 12
Views: 851

Re: What to do with old pension?

I worked 10 years for a company with a pension and terminated employment with them when I was 36 years old. I left the money in the company plan rather than taking a lump sum. Now 62 years old and still haven't taken it despite being retired and being eligible to start taking a monthly payment at 55...
by hawkfan55
Tue Jan 23, 2018 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with old pension?
Replies: 12
Views: 851

Re: What to do with old pension?

How stable is the company?
Have they told you how much the monthly benefit would be at retirement?
Is the pension "cost of living adjusted"?
Monthly pensions are a valuable asset and fewer companies are offering them.
by hawkfan55
Tue Jan 16, 2018 8:02 pm
Forum: Investing - Help with Personal Investments
Topic: Quick Roth Conversion Question
Replies: 4
Views: 397

Re: Quick Roth Conversion Question

The Wiki has info on Roth Conversions. Depending on your income streams, you may also want to research IRMAA as there are Modified Adjusted Gross Income, MAGI, brackets that determine your premiums for Medicare. You have room to do Roth Conversions without concern for IRMAA until the tax year two ye...
by hawkfan55
Tue Jan 16, 2018 7:07 pm
Forum: Investing - Help with Personal Investments
Topic: Non-IRA Investment
Replies: 3
Views: 372

Re: Non-IRA Investment

was advised by Vanguard that the intended Wellington fund would not be the most appropriate fund because of the tax consequences. I agree, the place to start is the Wiki. Vanguard Wellington is 60% Bonds and 40% Stocks. Bonds are typically not recommended for taxable accounts as the dividends will ...
by hawkfan55
Tue Jan 16, 2018 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Question for Retired BH, over 59.5 with Roth Acct
Replies: 10
Views: 876

Question for Retired BH, over 59.5 with Roth Acct

This question is for Retired Bogleheads who are over 59.5 years old and have a Roth IRA account(s).... How do you plan to spend your Roth Assets? A. Withdraw Roth Assets to supplement spending while keeping under the top of a chosen tax bracket B. Withdraw from Roth for large special expenditures C....
by hawkfan55
Mon Jan 15, 2018 10:46 pm
Forum: Investing - Help with Personal Investments
Topic: Possible retirement?
Replies: 10
Views: 1236

Re: Possible retirement?

Can you take your company pension as a monthly payment or do you have to take a lump sum? If a monthly payment, is your pension Cost of Living Adjusted? When do you plan to take Social Security? What is your Full Retirement Age, FRA, Social Security payment? Will your spouse also have SS? How do you...
by hawkfan55
Mon Jan 15, 2018 10:37 pm
Forum: Investing - Help with Personal Investments
Topic: Possible retirement?
Replies: 10
Views: 1236

Re: Possible retirement?

1.5M is a lot to have invested in one stock fund, Fidelity Contrafund Commingled Pool Fund. You've had a great run with this investment over the past 10 years. How would you feel if it were to lose 50% of it's value over the next 6-12 months? The expense ratio for the fund is .43%. You can invest in...
by hawkfan55
Sun Jan 14, 2018 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: New investor - need advice on $50K investment
Replies: 3
Views: 472

Re: New investor - need advice on $50K investment

Welcome to the forum... I can't really offer you advice because I'm not sure of rules regarding non-US citizens investing rules. You might want to check the Wiki to see if any guidance can be found. I'm sure you'll receive responses as there are sure to be BH contributors familiar with you circumsta...
by hawkfan55
Tue Jan 09, 2018 9:24 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation for large sum
Replies: 35
Views: 2519

Re: Asset allocation for large sum

Noob, I have one question... did you complete Vanguard's AA questionnaire listed below and review the Bogleheads Wiki, link in my signature? If yes, you are well on your way to developing as an investor and making decisions that will impact your investing future! :D If not, I doubt you are serious r...
by hawkfan55
Mon Jan 08, 2018 10:03 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation for large sum
Replies: 35
Views: 2519

Re: Asset allocation for large sum

Noob, you posted this earlier... I have a rather unique situation, i've stayed out of the markets since the crash of 2008 since it super spooked me. At the time I did not clearly understand much of investing and mostly took advice from colleagues etc. Other factors kept me out as well, I had been tr...
by hawkfan55
Mon Jan 08, 2018 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: criticize my portfolio
Replies: 7
Views: 755

Re: criticize my portfolio

etguy, I thought you were asking about a tax deferred account such as the 529. Looking at your original post, it is not clear the planned location of REIT and extended market. Have you read the prospectus for these two ETFs/funds? I would recommend you check out the Bogleheads Wiki at https://www.bo...
by hawkfan55
Mon Jan 08, 2018 1:18 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation for large sum
Replies: 35
Views: 2519

Re: Asset allocation for large sum

Noob, go to the Bogleheads Wiki. You'll find a whole section on Asset Allocation. I would recommend reading the Wiki to understand investing principles and the relationship between risk and reward with asset classes. Vanguard also has great information for investors seeking to learn and a risk quest...
by hawkfan55
Mon Jan 08, 2018 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: criticize my portfolio
Replies: 7
Views: 755

Re: criticize my portfolio

anything wrong with my AA : Taxable : total stock total international tax exempt intermediate Muni bond iRA : vanguard health fund, life strategy 529 for two kids : both aggressive ( 90/10 ) allocation : 75 % stock, 25 % bond I am planning to add REIT and extended market - i Know both are in the to...
by hawkfan55
Sun Jan 07, 2018 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Do we have too much in bonds?
Replies: 25
Views: 2918

Re: Do we have too much in bonds?

Don't be a pig
Pigs get fat, hogs get slaughtered. It pays to be greedy, but not too greedy or else you'll get in trouble. If you get too greedy like a hog, you can end up losing it all. :sharebeer