Search found 272 matches

by hawkfan55
Wed Aug 01, 2018 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: Early retirement withdrawal strategy
Replies: 16
Views: 2206

Re: Early retirement withdrawal strategy

I've found Optimal Retirement Planner to be an excellent tool in planning optimal retirement spending. Obviously, you should not rely solely on any retirement calculator that requires the user to input information... "garbage in, garbage out". I understand Bigfoot's RPM calculator is also excellent....
by hawkfan55
Wed Aug 01, 2018 10:54 am
Forum: Investing - Help with Personal Investments
Topic: Is maxing Out an IRA, 403B, and 457B Along with a Pension Too Much Saving for the Future?
Replies: 19
Views: 2179

Re: Is maxing Out an IRA, 403B, and 457B Along with a Pension Too Much Saving for the Future?

I do not think you are saving too much. Are you teachers? Do you contribute to Social Security? If you do not, you will be glad you saved for retirement on your own. Saving in a mixture of Tax Deferred and Roth accounts will be of benefit to you in the future. I would max out deferred and Roth accou...
by hawkfan55
Wed Aug 01, 2018 10:09 am
Forum: Investing - Help with Personal Investments
Topic: Early retirement withdrawal strategy
Replies: 16
Views: 2206

Re: Early retirement withdrawal strategy

Wenonah, the following inputs may be of assistance to you in filling out the I-ORP Extended Version form. These are the inputs I used to reach the conclusions in my earlier post. I made some assumptions that you will want to change to fit your actual situation. I assumed you and spouse would have ea...
by hawkfan55
Tue Jul 31, 2018 9:21 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie enlightened by Bogleheads
Replies: 23
Views: 3103

Re: Newbie enlightened by Bogleheads

Very difficult to predict interest rate movements. I use bond funds as part of my fixed income allocation. Since we are retired, ages 63 and 59, and need to draw from the total returns of our portfolio, I use Prime Money Market for distributions planned within the next 6 months, short term bond fund...
by hawkfan55
Tue Jul 31, 2018 8:33 pm
Forum: Investing - Help with Personal Investments
Topic: Early retirement withdrawal strategy
Replies: 16
Views: 2206

Re: Early retirement withdrawal strategy

I would highly recommend you use the Optimal Retirement Planner, www.i-orp.com, Extended Version to determine your optimal retirement income strategy. I took your information and came up with a projected, maximum annual disposable income, after taxes of approx. $82,000 per year in today's dollars. T...
by hawkfan55
Mon Jul 30, 2018 11:40 pm
Forum: Investing - Help with Personal Investments
Topic: 7-8% SWR/year for first 7 years of Retirement...am I good?
Replies: 22
Views: 2571

Re: 7-8% SWR/year for first 7 years of Retirement...am I good?

Another resource for you would be the Optimal Retirement Planner, www.i-orp.com Use the Extended Version and determine your optimal spending amounts. If you know your expenses, you'll be able to have a good idea if your portfolio and income sources will support your planned retirement. We are withdr...
by hawkfan55
Mon Jul 30, 2018 5:08 pm
Forum: Investing - Help with Personal Investments
Topic: Making My Dad A Portfolio.
Replies: 8
Views: 517

Re: Making My Dad A Portfolio.

So I moved my Roth-IRA from Edward Jones over to Vanguard at the start of this year (2018). I talked to my Dad today and he said he was thinking about moving over to Vanguard as well to reduce his fee's. I thought about: If I had as much money as he does in his IRA, how would I allocate that in a p...
by hawkfan55
Mon Jul 30, 2018 4:43 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie enlightened by Bogleheads
Replies: 23
Views: 3103

Re: Newbie burned by bonds

Bonds should be a component of most asset allocations, especially for someone 54 years old. Typically, bonds do not suffer the extreme drops that the stock market does. You should look at your portfolio as a whole, reallocating if necessary to keep your chosen AA. I suggest you look at the wiki to l...
by hawkfan55
Sun Jul 29, 2018 8:46 pm
Forum: Investing - Help with Personal Investments
Topic: 7-8% SWR/year for first 7 years of Retirement...am I good?
Replies: 22
Views: 2571

Re: 7-8% SWR/year for first 7 years of Retirement...am I good?

Pulling 6% from total portfolio during first five years of retirement. Waiting on small pension and SS for DW and me before cutting back on our SWR. :D
by hawkfan55
Sun Jul 22, 2018 1:01 am
Forum: Investing - Help with Personal Investments
Topic: Pension Lump Sum: Short-term bonds?
Replies: 37
Views: 2023

Re: Pension Lump Sum: Short-term bonds?

For example - Extreme uncertainty in so many areas as the county that seems to have lost its collective mind, led by a chaotic government and leader that lurch from one bad decision to another. Despite somewhat agreement in this statement, we are not allowed to express this type of sentiment on thi...
by hawkfan55
Thu Jul 19, 2018 9:56 pm
Forum: Investing - Help with Personal Investments
Topic: Opinions on investing Roth IRA
Replies: 7
Views: 689

Re: Opinions on investing Roth IRA

As conservative investors, we plan to move the 401K to bond mutual funds and CDs, and the Roth IRAs plus after-tax portion of the 401K to an aggressive 100% stock fund. I believe we can live with the ups and downs of the stock fund since we do not plan to touch the Roths for a long time, if ever. D...
by hawkfan55
Thu Jul 19, 2018 9:39 pm
Forum: Investing - Help with Personal Investments
Topic: Opinions on investing Roth IRA
Replies: 7
Views: 689

Re: Opinions on investing Roth IRA

The only gotcha with a Roth conversion is the impact it has on AGI and the IRMAA medicare premium. Not doing Roth Conversions could result in RMDs placing one in an unintended tax bracket or higher IRMAA. Also, doing Roth Conversions while MFJ could be very beneficial vs a surviving spouse filing a...
by hawkfan55
Tue Jul 17, 2018 11:13 pm
Forum: Investing - Help with Personal Investments
Topic: Heresy: Is It Worth Converting tIRAs to Roth?
Replies: 46
Views: 4549

Re: Heresy: Is It Worth Converting tIRAs to Roth?

I would recommend using www.i-orp.com , Extended Version. It will allow you to see if Roth Conversions will benefit you and give you tax information as well. Since I'm a few years older than my DW, odds are she will outlive me and face taxes as a single taxpayer. We are both retired, doing Roth Conv...
by hawkfan55
Sat Jul 07, 2018 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: Should we contribute to Roth 403b?
Replies: 4
Views: 319

Re: Should we contribute to Roth 403b?

I would be inclined to use the Roth 403b and to consider doing Roth Conversions up to the top of the 24% tax bracket beginning this year. With the passage of the Tax Cuts Act, brackets, thresholds and rates have changed in 2018. Filing MFJ, you can have taxable income of $314,999 and still stay in t...
by hawkfan55
Mon Jun 18, 2018 11:08 am
Forum: Investing - Help with Personal Investments
Topic: I feel like selling my 3 fund
Replies: 57
Views: 7860

Re: I feel like selling my 3 fund

Unread post by Sandtrap » Mon Jun 18, 2018 10:02 am Education, information, and understanding, are the enemies of impulse. The word, "feel", does not have a place in investment finance. Read, read, read. Outstanding write up on the 64/40 allocation by Bernstein. http://web.archive.org/web/20061214...
by hawkfan55
Fri Jun 15, 2018 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 504
Views: 108810

Re: Anyone regret paying off mortgage early?

Paid off home early that we raised our family in... felt great and enjoyed not having a payment for about six years. Then, after living in that home for 24 years, decided to build a new home. Took sale proceeds from our paid off home and applied them towards our newly built home. Also took out a 15 ...
by hawkfan55
Fri Jun 15, 2018 12:55 am
Forum: Personal Finance (Not Investing)
Topic: ~1 year from FIRE - Tax diversification strategy?
Replies: 25
Views: 3181

Re: ~1 year from FIRE - Tax diversification strategy?

I would recommend the Optimal Retirement Planner, i-orp.com. Use the Extended Version for best results.
by hawkfan55
Fri Jun 15, 2018 12:37 am
Forum: Personal Finance (Not Investing)
Topic: add to DW 401k while withdrawing from (self) 403b?
Replies: 19
Views: 900

Re: add to DW 401k while withdrawing from (self) 403b?

I've been retired for 1.5 years and withdrawing from my Rollover IRA account while my DW contributes the max to her deferred 403b plan. We liked the Stable Value plan she invests in and she is four years younger so RMDs won't start as soon as mine.
by hawkfan55
Tue Jun 12, 2018 12:24 am
Forum: Investing - Help with Personal Investments
Topic: MD&P just purchased X / sold Y [md&pharmacist]
Replies: 198
Views: 12469

Re: MD&P just purchased X / sold Y [md&pharmacist]

While I appreciate the warning at the top of this post, I honestly do not understand why this opposing point of view is welcome here. There is a set of Boglehead principles: https://www.bogleheads.org/wiki/Boglehe ... philosophy While there are many financial issues that forum members can disagree ...
by hawkfan55
Sun Jun 10, 2018 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: Windfall advice for an overwhelmed person
Replies: 76
Views: 6407

Re: Is Bogleheads not right for me? Trying to generate monthly income before retirement

"So the question becomes, is it worth it to gamble on being able to pay down the line over 5 years, or, just pay down everything now in cash?"
Pay down everything now in cash. You can lead a horse to water but you can't force it to drink... good luck!
by hawkfan55
Wed May 30, 2018 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Can we retire in 2018?
Replies: 103
Views: 8668

Re: Can we retire in 2018?

I agree with most replies that retirement would be tight. You could probably do it but with the realization that you may need to return to work if market returns or social program changes dictate needs for more income. You need to seriously consider your expenses and your willingness to adjust your ...
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: 62
Views: 5141

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: 45
Views: 6757

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: 1920

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: 1920

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: 45
Views: 6757

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: 45
Views: 6757

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: 1790

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: 1790

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: 1790

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: 1790

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: 1790

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: 1263

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: 1790

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: 1790

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: 1790

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: 1790

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: 1790

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: 3535

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: 3535

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: 781

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: 13957

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: 4079

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: 4936

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: 4079

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: 4079

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: 1929

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: 1377

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: 1377

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: 1990

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...