Search found 1525 matches

by trueblueky
Thu Aug 15, 2019 2:28 pm
Forum: Personal Investments
Topic: Where to withdraw money for spending?
Replies: 16
Views: 2038

Re: Where to withdraw money for spending?

Married filing jointly, 69 yrs. old. $65K income plus reinvested div's and cap gains of $15k. We cover bills just fine but extra's and starting to spend more. Have trad, roth, rollover, 457(b). Was wondering what the wisest way to withdraw money now - maybe $10K now and then to cover travel etc? Th...
by trueblueky
Thu Aug 15, 2019 7:05 am
Forum: Personal Investments
Topic: Paying current taxes vs continued high expenses
Replies: 31
Views: 1598

Re: Paying current taxes vs continued high expenses

Thanks, grabiner! Let me make sure I understand this specific point.... If you sell your entire balance, you don't need to set your cost basis, as specific identification and the IRS default of FIFO will give the same capital gains. I do intend to sell the entire balance. But presumably I still nee...
by trueblueky
Wed Aug 14, 2019 4:05 pm
Forum: Personal Investments
Topic: Investing Father's Assets Who Is In Nursing Home (POA)
Replies: 60
Views: 3374

Re: Investing Father's Assets Who Is In Nursing Home (POA)

Hello I am looking for some advice on how to best manage my father’s assets. He is currently in a private pay nursing home that costs $5000 per month and has been there for 2 months. This was a sudden an unexpected move. I am the POA for his finances and he has the following money/income. $1500 per...
by trueblueky
Wed Aug 07, 2019 4:45 pm
Forum: Investing - Theory, News & General
Topic: Roth > Taxable > tIRA
Replies: 199
Views: 13025

Re: Roth > Taxable > tIRA

I, too, am planing on large Roth Conversions. My intention at this time is to convert the entire tIRA to Roth, so that I end up with everything in Roth and nothing in tIRA. I have yet to hear a good reason to keep anything in tIRA. 1. Because of the standard deduction, tIRA withdrawals of 27k or le...
by trueblueky
Mon Aug 05, 2019 8:56 pm
Forum: Personal Investments
Topic: Question about Schwab changes
Replies: 19
Views: 1973

Re: Question about Schwab changes

DW and I both have Schwab (four accounts in all). A few weeks ago, I received an email from an out-of-state rep about a checkup. Told her, not interested. She emailed back that she had been assigned because I live more than certain distance from a local office. Told her I know where the office is, t...
by trueblueky
Mon Aug 05, 2019 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Federal Employee Burn or Sick Leave [before retirement]
Replies: 87
Views: 5872

Re: Federal Employee Burn or Sick Leave [before retirement]

About mid-career, travel comp time became available. For instance, fly from DC to Frankfurt and earn several hours of travel comp because the flights leave at 5pm and 9pm, so outside of the regular work days. Even within the US, I often had travel bring me home at midnight, rather than spend another...
by trueblueky
Sun Aug 04, 2019 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Federal Employee Burn or Sick Leave [before retirement]
Replies: 87
Views: 5872

Re: Federal Employee Burn or Sick Leave [before retirement]

I don't stress over it so much (also a Fed supervisor). There are promotion opportunities that come up, including supervisory ones, and I'm almost always on the selection panel, and guess which types of employees virtually never get the promotion? Also, guess which ones never get a top block rating...
by trueblueky
Sun Aug 04, 2019 7:44 am
Forum: Investing - Theory, News & General
Topic: Roth > Taxable > tIRA
Replies: 199
Views: 13025

Re: Roth > Taxable > tIRA

1. If a lot of your retirement money is in a tIRA, you do not have as much as you think. If your tIRA balance is $1 million, you are not a millionaire. It's only equivalent to about $850K in a Roth. The rest belongs to the government. Maybe use the de-rated number when calculating your net worth fo...
by trueblueky
Thu Aug 01, 2019 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: financial to-do checklist for federal employees?
Replies: 36
Views: 1458

Re: financial to-do checklist for federal employees?

I don't know all the details, but some amount of unused sick leave can be converted to retirement credits. All unused sick leave counts toward years of service. They add service time and sick leave, then round down to the whole month. There's a formula on converting; do not worry about this until.t...
by trueblueky
Thu Aug 01, 2019 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Federal Employee Burn or Sick Leave [before retirement]
Replies: 87
Views: 5872

Re: Federal Employee Burn or Sick Leave [before retirement]

I was a Fed and had the good fortune not to be sick very often. I also found that after 15 years of service the vacation time accrued faster than I could use it, so I occasionally used vacation time when sick leave would have been legit. I thought of the unused sick leave as a long term disability ...
by trueblueky
Wed Jul 31, 2019 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles
Replies: 418
Views: 17696

Re: Seeking comment on proposed revisions to Marginal Tax Rate and Traditional v. Roth wiki articles

There are other issues. Referencing https://www.bogleheads.org/w/index.php?title=User%3AFyre4ce%2FMarginal_tax_rate&type=revision&diff=66314&oldid=65905, and using line numbers from the older version, here are reasons: Line 1: Leave the "To emphasize the "change" calculation" clause, because the di...
by trueblueky
Tue Jul 30, 2019 3:26 pm
Forum: Personal Investments
Topic: Two Questions on TSP Accounts
Replies: 8
Views: 721

Re: Two Questions on TSP Accounts

The G Fund's interest rate is set as the average of all outstanding Treasuries with a maturity > 4 years. They have a weighted average maturity of 12 years. The fund has consistently beat inflation and 90-day Treasuries. The G Fund has no duration, so it never has a bad day. Compare it to alternativ...
by trueblueky
Sun Jul 28, 2019 8:04 am
Forum: Investing - Theory, News & General
Topic: Roth > Taxable > tIRA
Replies: 199
Views: 13025

Re: Roth > Taxable > tIRA

I think the way you frame a problem is important. This is how I frame tIRA contributions. Let's say you are 35 years old, working and earning money, and are in 30% tax bracket. You contribute $1,000 to a tIRA. If you did not contribute to tIRA, you would have paid $300 in taxes and had only $700 to...
by trueblueky
Sat Jul 27, 2019 4:26 pm
Forum: Investing - Theory, News & General
Topic: Roth > Taxable > tIRA
Replies: 199
Views: 13025

Re: Roth > Taxable > tIRA

Exactly. my question was "have" not "put". So, you want dollars in your Roth to grow the most, taxable next, and tax-deferred least. I want them all to grow equally. If your marginal tax-rate now is the same in retirement then a pre-tax $1 into tax-deferred will be the same value in retirement as i...
by trueblueky
Fri Jul 26, 2019 7:17 pm
Forum: Investing - Theory, News & General
Topic: Roth > Taxable > tIRA
Replies: 199
Views: 13025

Re: Roth > Taxable > tIRA

I would rather *have* $1 in Roth, then taxable, then Traditional. I would rather *put* $1 in Traditional, then Roth, then taxable. This is because $1 in Traditional gives me an additional deduction of about $.28. Exactly. my question was "have" not "put". So, you want dollars in your Roth to grow t...
by trueblueky
Fri Jul 26, 2019 3:54 pm
Forum: Personal Consumer Issues
Topic: USPS - Informed delivery - complain on missing items?
Replies: 65
Views: 5087

Re: USPS - Informed delivery - complain on missing items?

When one our neighbors (different last name) went up north (Florida speak for pretty much anywhere in the US that's not Florida -- I haven't confirmed if Hawaii is part of "up north"), they asked USPS to forward their mail. About that time, we noticed we had not received any mail in 3-4 days. Inform...
by trueblueky
Thu Jul 25, 2019 11:47 am
Forum: Investing - Theory, News & General
Topic: Mathematical model of Roth conversion [error] (does not suggest more is better)
Replies: 50
Views: 4736

Re: Mathematical model of Roth conversion suggests more is better.

But even if you don't live long enough to see a significant ROI, if you are planning on leaving an inheritance to your children, isn't it better to leave them a Roth than a 401k? 100% Agree: "The benefit of the Roth IRA, compared with the Traditional IRA, is that your beneficiaries do not pay incom...
by trueblueky
Wed Jul 24, 2019 9:25 pm
Forum: Personal Investments
Topic: Voluntary Contributions into Foreign Pension Fund - Is this reportable to IRS?
Replies: 3
Views: 299

Re: Voluntary Contributions into Foreign Pension Fund - Is this reportable to IRS?

A tax treaty between the US and the other country may apply. The American Embassy in the other country would be a place to call.
by trueblueky
Sun Jul 21, 2019 7:20 am
Forum: Personal Investments
Topic: What tilt(s) have you adopted?
Replies: 28
Views: 1673

Re: What tilt(s) have you adopted?

We are 60/40. That is tilted toward equities compared to the overall market. The stocks are 1/3 international. That is tilted US. All fixed income is US. That is tilted US. Within fixed income, federal government is overweighted, compared to commercial debt. No municipals. Within TSP, the ratio of C...
by trueblueky
Sat Jul 20, 2019 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Should relative incomes be a factor in wedding gift?
Replies: 107
Views: 6406

Re: Should relative incomes be a factor in wedding gift?

I would give only what I can afford, whether that is the expected cash gift, or something more meaningful to the couple. OTOH, it seems to me weddings in my day were much more personal, and far more simple. Married in the church, reception in the church hall with a lovely cake, coffee, tea, and pun...
by trueblueky
Sat Jul 20, 2019 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: How to Minimize Your Emergency Care Expenses
Replies: 346
Views: 96635

Re: How to Minimize Your Emergency Care Expenses

I went to the ER for something that turned out to be nothing, though they sold me on getting a tetanus booster because it might have been more than 10 years. There are no urgent cares that I could find on Maui. A little bit worried about what the bill might be....we shall see. The hospital was alle...
by trueblueky
Sat Jul 20, 2019 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Income below100% FPL-danger of ACA subsidy?
Replies: 41
Views: 2832

Re: Income below100% FPL-danger of ACA subsidy?

According to this article (scroll down to the last few paragraphs). the administrators implemented more stringent income verification at the low end because subsidies can not be clawed back when recipient falls below the 138% or 100% threshold for eligibility. https://www.healthinsurance.org/faqs/i...
by trueblueky
Thu Jul 18, 2019 2:30 pm
Forum: Investing - Theory, News & General
Topic: TSP 3-Funds or TSP Target Date Fund?
Replies: 57
Views: 3372

Re: TSP 3-Funds or TSP Target Date Fund?

OP, The G Fund is unique. https://www.bogleheads.org/wiki/G_Fund It has never had a bad day. You receive long-term treasury rates with no duration. Some people keep a TSP account solely for access to G Fund. To create a "three-fund" portfolio in TSP requires 4 funds: * C Fund = large US stocks * S F...
by trueblueky
Thu Jul 18, 2019 7:57 am
Forum: Personal Investments
Topic: Clean up my portfolio
Replies: 7
Views: 483

Re: Clean up my portfolio

I have a taxable account that I would like to optimize. Right now, it's holding a collection of investments that have built up over the years, and I'm ready to consolidate and simplify. As a household, we have another taxable account (under my spouse's name) and contribute the max to our tax-deferr...
by trueblueky
Tue Jul 16, 2019 6:58 pm
Forum: Investing - Theory, News & General
Topic: Mathematical model of Roth conversion [error] (does not suggest more is better)
Replies: 50
Views: 4736

Re: Mathematical model of Roth conversion suggests more is better.

We over-predict. I have prepared taxes for seniors whose tax-deductible LTC expenses exceeded their income. Tapping tax-deferred accounts would be smarter than using Roth in those years. The future is hard to predict (Berra?). Having a mix of taxable, tax-deferred and Roth may be the best we can do....
by trueblueky
Tue Jul 16, 2019 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Retiree Portfolio Model
Replies: 756
Views: 226522

Re: Maximum Retirement Income

ncdad1 wrote:
Tue Jul 16, 2019 3:50 pm
I wanted to end spending my last dollar on my last day and so have been trying to use Goal Seeker to backsolve for the maximum income I can take to end up with zero portfolios when I die. Is that the right way to do it?
cyanide (it's organic!) or arsenic (all natural!) :confused
by trueblueky
Tue Jul 16, 2019 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: How to Minimize Your Emergency Care Expenses
Replies: 346
Views: 96635

Re: How to Minimize Your Emergency Care Expenses

I remember going to my small town doctor's house on July 4 with mumps. Those days are gone. Figure 52 Saturdays, 52 Sundays and maybe six major holidays -- that's 110 days/year the PCP office is closed, more than 30% of the days. There are plenty of conditions that are not life-threatening emergenci...
by trueblueky
Mon Jul 15, 2019 9:48 am
Forum: Personal Finance (Not Investing)
Topic: How to set the basis in inherited property from life estate?
Replies: 37
Views: 1182

Re: How to set the basis in inherited property from life estate?

My father passed away in 1983. He had remarried shortly before that. His will set up a life estate with his wife (my stepmother) as a life tenancy and myself as the remainderman. My stepmother just recently passed away at age 95. Now I have inherited the house and have title to it. The house is in ...
by trueblueky
Sat Jul 13, 2019 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone inherited a obligation/burden/responsibility?
Replies: 76
Views: 7850

Re: Has anyone inherited a obligation/burden/responsibility?

90-year-old widow Carol, husband deceased, no children, moved to FL assisted living to be near her only sibling (my MIL). She had houses in two others state. She let her sibling sell the vacation home, but not the other house or her car. It was obvious to everyone else that she would never drive or ...
by trueblueky
Fri Jul 12, 2019 1:08 pm
Forum: Investing - Theory, News & General
Topic: Is the L Income fund too conservative?
Replies: 26
Views: 1852

Re: Is the L Income fund too conservative?

Yes, it is too conservative. It's for federal retirees who have a pension! Many (most? all?) of these other arguments against 60/40 and for 30/70 are for people with no pension and just SS. Does a typical federal retiree have the ability, willingness and need to take risk? Ability? Probably yes Wil...
by trueblueky
Fri Jul 12, 2019 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Question
Replies: 14
Views: 1685

Re: Estate Question

Sorry for your loss. Were there no assets with POD/TOD? No life insurance or IRA with designated beneficiaries to transfer outside the will?
by trueblueky
Fri Jul 12, 2019 9:12 am
Forum: Investing - Theory, News & General
Topic: Three problems with probability of ruin
Replies: 13
Views: 2092

Three problems with probability of ruin

The Retirement Cafe this week has an interview with economist Laurence Kotlikoff, who says, conventional Monte Carlo planning for "probability of ruin" assumes three mistakes: 1) you save the wrong amount each year before retirement 2) you spend the wrong amount each year after retirement 3) you ne...
by trueblueky
Wed Jul 10, 2019 10:00 pm
Forum: Investing - Theory, News & General
Topic: No advantage to doing Roth conversions?
Replies: 21
Views: 2854

Re: No advantage to doing Roth conversions?

Taxes are on sale. Our marginal rate will jump when any of the following occur: * I pass * DW passes * DW starts SS (will be 85% taxed forever) * RMDs begin Tax holiday expiration in 2026 happens after our RMDs start. That will push us into an even higher bracket. I think of tax rate in three groups...
by trueblueky
Wed Jul 10, 2019 8:12 am
Forum: Personal Consumer Issues
Topic: Drive to Olympic National Park from Midwest
Replies: 26
Views: 1893

Re: Drive to Olympic National Park from Midwest

The mountains are a series of passes in Montana. Not a problem in good weather. We did it in a fully-loaded, 8-year-old subcompact to move a child west.

If you are driving round-trip, recommend you use I-94 one way.
by trueblueky
Wed Jul 10, 2019 8:05 am
Forum: Personal Consumer Issues
Topic: Who cuts your hair? And for how much?
Replies: 153
Views: 8808

Re: Who cuts your hair? And for how much?

DW, but I have never cut hers.
by trueblueky
Mon Jul 08, 2019 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Roll TSP into IRA? Keep G Fund?
Replies: 23
Views: 1332

Re: Roll TSP into IRA? Keep G Fund?

Gotcha.. So your spouse could roll it to an IRA after your death. But your kids couldn't do so after she dies? Wasn't aware of that. A similar rule applies to a 401k. Successor beneficiaries cannot roll the account into an IRA. https://www.bogleheads.org/wiki/401(k). This would take an act of Congr...
by trueblueky
Sun Jul 07, 2019 8:07 pm
Forum: Personal Investments
Topic: Tax Planning Advice Please
Replies: 21
Views: 1566

Re: Tax Planning Advice Please

I have a question for you guys. Is it possible for me to liquidate the entire holding at Calvert by the end of this month, and then figure out the cost basis of each reinvested share later? Yes, but I wouldn't. Earlier recommendation that you split this across two years makes a lot of sense to me. ...
by trueblueky
Sun Jul 07, 2019 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Is there any place you can buy a house for 50k west of Kansas?
Replies: 27
Views: 3817

Re: Is there any place you can buy a house for 50k west of Kansas?

https://www.zillow.com/homedetails/201- ... 2329_zpid/

Here's one. I randomly picked a city. There are probably many places in the mountain west.
by trueblueky
Sat Jul 06, 2019 5:02 pm
Forum: Personal Investments
Topic: Anyone here investing in Prison REITs?
Replies: 30
Views: 2779

Re: Anyone here investing in Prison REITs?

I was curious about the companies behind the private prisons. At least two of them are publicly traded REITs: GEO and CXW, and they return 8% and 9% dividends right now. That's insanely high. The market for prisons is also unlikely to dry up. Of course there are ethical concerns -- that I'll ask yo...
by trueblueky
Thu Jul 04, 2019 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing my wife for financial life without me.
Replies: 95
Views: 11045

Re: Preparing my wife for financial life without me.

"Required Beginning Date" representing the date for the first required minimum distribution from a traditional IRA after the participant reaches age 70.5. RBD would be April 1st of the year following the year the participant reaches age 70.5. Could result in two RMDs for that year and possibly resu...
by trueblueky
Wed Jul 03, 2019 9:42 am
Forum: Personal Investments
Topic: Asset allocation questions due to change of income streams
Replies: 10
Views: 1367

Re: Asset allocation questions due to change of income streams

I had to look up CPP, which is a stable value fund. Your current AA is fine. 25/75 or 75/25 would also be fine, in my opinion. You have the ability, but not the need, to take risk, so it is up to your comfort level. I would run three scenarios: 1) both live 50 years, 2) he dies tomorrow, she lives 5...
by trueblueky
Tue Jul 02, 2019 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Inheriting two homes, sell or rent them ...
Replies: 27
Views: 2378

Re: Inheriting two homes, sell or rent them ...

If you would not buy them today if you had $450k in cash then sell them since there should be little tax impact. Most housing markets are still pretty strong so they will likely not be hard to sell. If you hold them for a few years then decide to sell them you could end up trying to sell them in a ...
by trueblueky
Mon Jul 01, 2019 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: IRS notice CP12 -- changes to form 1040 (for tax year 2018)
Replies: 6
Views: 618

Re: IRS notice CP12 -- changes to form 1040 (for tax year 2018)

The IRS sent a notice (CP12) stating my wife and I over paid (married filing jointly). I did our taxes (not using software) and paid the IRS $5748.00. According to the IRS calculations I owed $3018.00. The IRS sent a refund for $2730.00. As per the IRS there were miscalculations which affected my t...
by trueblueky
Mon Jul 01, 2019 1:08 pm
Forum: Personal Investments
Topic: Can I add Social Security to my asset allocation of bonds?
Replies: 42
Views: 2731

Re: Can I add Social Security to my asset allocation of bonds?

It seems to me that it is mostly an issue of fixed expenses. If one's fixed expenses are covered by social security in the same manner as bonds then they seem similar. I buy bonds to cover fixed expenses and social security is a fixed income just like bonds. They serve the same purpose. This is sim...
by trueblueky
Sun Jun 30, 2019 6:28 am
Forum: Investing - Theory, News & General
Topic: Simplicity (Three Fund) vs. Return (Slightly more complex):
Replies: 45
Views: 3374

Re: Simplicity (Three Fund) vs. Return (Slightly more complex):

OP, I do not believe the 3 funds-portfolio is simple enough. It requires rebalancing. Many people are incapable of doing that. Most people should start and stay with one fund portfolio like the target retirement and/or the life strategy funds. KlangFool Since there is no tax advantage to rebalancin...
by trueblueky
Sat Jun 29, 2019 7:59 pm
Forum: Personal Investments
Topic: How to maximize 3 Fund Portfolio w/ TSP & i401k ?
Replies: 53
Views: 3332

Re: How to maximize 3 Fund Portfolio w/ TSP & i401k ?

Please name the fed tax form line # where one can deduct for a TSP contribution. There is none. The amount of the employee's traditional TSP contribution is not included in salary on Line 1 of the W2. Thus, it does not appear on Form 1040, Line 1, salary. That amount could appear on Form 8880, Save...
by trueblueky
Sat Jun 29, 2019 1:02 pm
Forum: Investing - Theory, News & General
Topic: Simplicity (Three Fund) vs. Return (Slightly more complex):
Replies: 45
Views: 3374

Re: Simplicity (Three Fund) vs. Return (Slightly more complex):

Dottie57 wrote:
Sat Jun 29, 2019 12:14 pm
Interesting to see midcap CAGR as the highest during this period in the chart.
However, more than half the years midcap finished between large and small, as I would intuit.
by trueblueky
Fri Jun 28, 2019 1:13 pm
Forum: Personal Investments
Topic: How to maximize 3 Fund Portfolio w/ TSP & i401k ?
Replies: 53
Views: 3332

Re: How to maximize 3 Fund Portfolio w/ TSP & i401k ?

I’m 39 as of this year and expect or hope to work 30 more years, but a few years shy of that is a possibility of course. I believe my federal pension is taxable, can anyone confirm that? And I don’t know what my future family income will be but my current income will be close to $90k per year pre t...
by trueblueky
Wed Jun 26, 2019 3:52 pm
Forum: Personal Investments
Topic: Company paying our Pension/ Retirement
Replies: 26
Views: 1975

Re: Company paying our Pension/ Retirement

My company is closing our pension plan and is paying out the estimated amount with three choices. 1) Start Drawing your money now , for which they will purchase a annuity to pay you a monthly amount, the insurance company has not been selected , and I am certain they will not use a AAA rate insurer...