Search found 259 matches

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: 290

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: 7747

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: 456
Views: 102113

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: 3123

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: 890

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: 12238

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: 6238

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: 8537

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: 5057

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: 6657

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: 1876

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: 1876

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: 6657

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: 6657

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: 1748

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: 1748

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: 1748

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: 1748

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: 1748

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: 1225

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: 1748

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: 1748

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: 1748

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: 1748

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: 1748

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: 3342

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: 3342

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: 765

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: 13801

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: 4007

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: 4787

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: 4007

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: 4007

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: 1874

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: 1343

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: 1343

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: 1941

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: 18670

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: 9508

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: 13039

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: 16543

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: 16543

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: 6397

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: 2918

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: 913

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: 913

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: 414

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: 386

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: 912

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: 1277

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...