Search found 133 matches

by Ready3Retire
Mon Nov 04, 2019 6:56 am
Forum: Personal Investments
Topic: Is there a typical age (or years until retirement) where Roth IRA stops making sense vs pre-tax (401k)?
Replies: 17
Views: 2388

Re: Is there a typical age (or years until retirement) where Roth IRA stops making sense vs pre-tax (401k)?

If that is your expectation and contribution amount, the indicated action is to go 100% Roth because a tie goes to the Roth when Maxing out your retirement accounts. Sorry, I should have mentioned, 1/2 401K Roth contributions will keep me in the 22% tax bracket. 100% will push me up to 25% marginal...
by Ready3Retire
Mon Nov 04, 2019 5:47 am
Forum: Personal Investments
Topic: Is there a typical age (or years until retirement) where Roth IRA stops making sense vs pre-tax (401k)?
Replies: 17
Views: 2388

Re: Is there a typical age (or years until retirement) where Roth IRA stops making sense vs pre-tax (401k)?

This Kitces article may be helpful (https://www.kitces.com/blog/roth-vs-traditional-ira-the-four-factors-that-determine-which-is-best/ ) There are only four factors that impact the wealth outcome when choosing between a Roth or traditional IRA (or other retirement account). They are: current vs futu...
by Ready3Retire
Sat Nov 02, 2019 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Possible Layoff: Need Assurance That We Will Be Okay
Replies: 153
Views: 12552

Re: Possible Layoff: Need Assurance That We Will Be Okay

Pennywise - I found your post very helpful with my angst about retiring after nearly 40 yrs of steady emloyment. End of 2020 CY is my plan. Thanks!
by Ready3Retire
Sat Oct 12, 2019 5:38 am
Forum: Personal Consumer Issues
Topic: Hilton location - can only be called from landline?
Replies: 27
Views: 2190

Re: Hilton location - can only be called from landline?

My suggestion is go to a Hilton hotel near your home and ask them to use their landline to call the Hilton hotel you need to call.
by Ready3Retire
Thu Oct 10, 2019 6:15 am
Forum: Personal Finance (Not Investing)
Topic: Working in a different city
Replies: 32
Views: 2041

Re: Working in a different city

Could you do a 6 month trial of 1 week on 2 weeks off at new job, and at the same time have your current employer agree to you doing 2 weeks on 1 week off? After 6 months, you will know how the 1 of every 3 weeks away is working, as well as how you like the new position. You'll also be exhausted I'm...
by Ready3Retire
Wed Sep 04, 2019 5:48 am
Forum: Personal Consumer Issues
Topic: Pre-paid Funeral Expenses
Replies: 66
Views: 4056

Re: Pre-paid Funeral Expenses

Maybe a good middle ground is for your in laws to spell out funeral wishes (e.g. cremate vs bury, wood vs metal coffin) and purchase a cemetery plot in advance. Having recently gone thru a funeral of a parent, I can tell you it would have been nice if a lot of these decision were made in advance. I ...
by Ready3Retire
Thu Aug 29, 2019 6:35 pm
Forum: Personal Consumer Issues
Topic: College age male: How much money for food?
Replies: 138
Views: 6307

Re: College age male: How much money for food?

I ACH auto transfer $130 every 2 wks during the school year to my college student son’s bank account.
by Ready3Retire
Mon Aug 19, 2019 5:53 am
Forum: Personal Investments
Topic: Minimal Cash and Bonds in Portfolio
Replies: 23
Views: 2429

Re: Minimal Cash and Bonds in Portfolio

If it were me, I would change my $3.5M to a 80/20 or 70/30 allocation. The difference in returns between 100/0 and 80/20 or 70/30 is not be worth the risk. But that is just me.
by Ready3Retire
Mon Aug 19, 2019 5:24 am
Forum: Personal Investments
Topic: Portfolio advice and Mega Backdoor Roth options
Replies: 3
Views: 392

Re: Portfolio advice and Mega Backdoor Roth options

I'll respond to some of your questions - If you are currently at 98/2, that is way too aggressive given your ages. I would rebalance immediately to your desired 70/30. Also, suggest you keep previous employer 401k monies there and not roll over to a tIRA, Reason is this allows you to do backdoor Rot...
by Ready3Retire
Sun Jul 21, 2019 7:17 pm
Forum: Personal Consumer Issues
Topic: Prescription drug cost and manufacturer coupon
Replies: 8
Views: 531

Re: Prescription drug cost and manufacturer coupon

Good job checking on line for the mfgr coupon. Due to high deductible healthcare plans, gone are the days of $25 (or less) co-pays. Now, one has to check these options until you find a reasonable cost for a prescription:
1) Insurance cost
2) GoodRx cost
3) Mfgr coupon
4) Canadian pharmacies
by Ready3Retire
Wed Jul 10, 2019 10:11 pm
Forum: Personal Consumer Issues
Topic: Automatic Watches
Replies: 92
Views: 6472

Re: Automatic Watches

My Omega Seamaster automatic loses about 1-2 MINUTES per day. I sent it in to the factory for a tune up/cleaning a few years ago at a cost of $700. It kept better time for a year or two. I now reset it every few days rather than spend the cost of a very nice new watch every few years for a tune up/c...
by Ready3Retire
Sat Jun 29, 2019 7:08 am
Forum: Personal Investments
Topic: Holding foreign currency for travel
Replies: 11
Views: 703

Re: Holding foreign currency for travel

I do not do this. I use an ATM debit card (Charles Schwab checking account) that has no foreign transaction fee and refunds ATM fees to withdraw local currency after I arrive in a foreign country.
by Ready3Retire
Fri Jun 28, 2019 5:45 am
Forum: Personal Investments
Topic: Looking For A Review On How To Invest $2.5M
Replies: 7
Views: 2049

Re: Looking For A Review On How To Invest $2.5M

Your wife's traditional IRA will complicate backdoor Roths for her. Read up on pro rata rule here: https://www.bogleheads.org/forum/viewtopic.php?t=239356 Since her balance is only $5K you may want to just pay the taxes and convert it to a Roth so you are clear for future backdoor Roths for her. Ano...
by Ready3Retire
Mon Jun 17, 2019 5:43 am
Forum: Personal Investments
Topic: ROTH asset allocation
Replies: 5
Views: 614

Re: ROTH asset allocation

If your portfolio includes after-tax, tax deferred (e.g. 401k, tIRA), and tax free (e.g. Roth), the recommended allocation is: 1) after- tax: hold most tax efficient such as total US or total international because you have to pay taxes on the earnings; 2) tax deferred: hold tax inefficient and lowes...
by Ready3Retire
Sun Jun 02, 2019 5:21 am
Forum: Investing - Theory, News & General
Topic: Do you have an allocation more conservative than 50/50 ?? What is it? Why? How Bogleheads are getting it done.
Replies: 135
Views: 13337

Re: Do you have an allocation more conservative than 50/50 ?? What is it? Why?

Would it make sense to use instead of X times expenses, X times the drawdown required to meet expenses. There is a big difference if most/all of your expenses are covered by pension/SS vs little or none. The equity allocation/risk need can be vastly different. I've always thought that was implied, ...
by Ready3Retire
Mon May 27, 2019 6:40 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2020!
Replies: 41
Views: 5649

Re: Roll Call for the Retirement Class of 2020!

Well, I've been jealously watching these Roll Call threads the last several years and now I can finally post! I'm planning to retire Dec 31, 2020 from MegaCorp after 32 1/2 years there. I'll be just over 60 years old. My wife plans to stop working at the same time as I do. Our plan is to then move o...
by Ready3Retire
Tue May 21, 2019 7:15 pm
Forum: Personal Investments
Topic: Advice on Windfall
Replies: 17
Views: 2021

Re: Advice on Windfall

4.75% is a highish mortgage rate especially with new tax law. You might consider using a portion of your windfall to pay off your mortgage balance. This will allow you to divert the money you would be using on the mortgage to savings - either Roth, tax deferred, or after tax.
by Ready3Retire
Thu May 16, 2019 6:04 am
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 486
Views: 50331

Re: Selling home- Demanding Buyer (Repairs)

Given you accepted the request to pay for the $5,200 of repairs, I suggest start pushing back a bit and agree to fund 50% of the new septic and drain field. This should make the prospective buyer feel like he got something out of the negotiation. Also, you are still getting a sell price above your i...
by Ready3Retire
Wed May 15, 2019 11:33 am
Forum: Personal Consumer Issues
Topic: a week in Italy(first time)
Replies: 53
Views: 4404

Re: a week in Italy(first time)

For italy, is it recommended to carry cash (Euros) or will credit card work in most places? We found most places accepted credit cards. Use one that does not charge a foreign transaction fee. Some stores/restaraunts will ask if you want the bill in USD or Euros. Always pay in Euros. Also, it is goo...
by Ready3Retire
Fri May 03, 2019 4:57 am
Forum: Personal Consumer Issues
Topic: Canadian Pharmacies
Replies: 27
Views: 2767

Re: Canadian Pharmacies

I've used Northwestpharmacy.com very successfully three times. In my case, US cost for 90 days supply was $1,200 - even using using the GoodRx App. Northwestpharmacy cost was $195 incl shipping. They give you the option of brand name or generic. You just attach a photo of the script and check when o...
by Ready3Retire
Sat Mar 30, 2019 12:42 pm
Forum: Personal Investments
Topic: tIRA to Roth IRA Conversion Tax Question
Replies: 2
Views: 315

Re: tIRA to Roth IRA Conversion Tax Question

Thanks David Jay!
by Ready3Retire
Sat Mar 30, 2019 9:21 am
Forum: Personal Investments
Topic: tIRA to Roth IRA Conversion Tax Question
Replies: 2
Views: 315

tIRA to Roth IRA Conversion Tax Question

My 21 year old son had about $550 of pre tax money in a 457(b) from a previous summer job. Because he no longer works there, and the value of the account was less than $1,000, he was notified by the provider that they would close the account and mail him a check if he did not roll it over to a rollo...
by Ready3Retire
Sat Mar 23, 2019 7:01 am
Forum: Personal Consumer Issues
Topic: Lease a car or buy a car
Replies: 49
Views: 3710

Re: Lease a car or buy a car

You can usually find a lease special (not on a Mercedes, probably) for under $250 a month x 24 months. Over 10 years, that's $30,000. You can have a brand new car every two years for a total outlay of $30,000 and never pay for any upkeep. Or, you can spend $30,000 now on a brand new car and have a ...
by Ready3Retire
Fri Mar 22, 2019 5:19 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12344
Views: 2132066

Re: U.S. stocks in free fall

Today was one of those rare days where BND (Vanguard Total Bond Market ETF) went up over 0.5%. I for one am glad I hold nearly 50% of my investments in bonds. We'll see what next week brings....
by Ready3Retire
Mon Mar 18, 2019 11:19 am
Forum: Personal Investments
Topic: Allocation - No Bonds yet, but they seem like a bad deal. - 38yo
Replies: 41
Views: 2953

Re: Allocation - No Bonds yet, but they seem like a bad deal. - 38yo

Fidelity US Bond Index Fund (FXNAX) is up 1.6% YTD. My state Fidelity Muni bond fund is up 1.7% YTD. What sort of returns are you looking for from a bond fund?
by Ready3Retire
Mon Feb 04, 2019 8:25 pm
Forum: Personal Consumer Issues
Topic: Tips/suggestions for skiing out west?
Replies: 46
Views: 2973

Re: Tips/suggestions for skiing out west?

Check out Park City Mountain Resort website for stay and ski packages. Great prices and you can’t beat the convenience of SLC - 45 minutes away from PCMR. I took my family of 4 there 2 different times. Also don’t bother skiing over to The Canyons side.
by Ready3Retire
Mon Jan 28, 2019 6:41 am
Forum: Personal Investments
Topic: Helping Kids with Home Purchase
Replies: 77
Views: 6546

Re: Helping Kids with Home Purchase

deleted
by Ready3Retire
Mon Jan 28, 2019 6:06 am
Forum: Personal Investments
Topic: Reduce Tax exposure when RMD's kick in
Replies: 22
Views: 2544

Re: Reduce Tax exposure when RMD's kick in

Also, your spouse who does not work can do a backdoor Roth IRA. Best if she does not currently have a traditional IRA. $7K for 2019. See link https://www.bogleheads.org/wiki/Backdoor_Roth
by Ready3Retire
Sun Jan 27, 2019 9:16 am
Forum: Personal Investments
Topic: Investment Allocation - Bucket Approach
Replies: 26
Views: 1907

Re: Investment Allocation - Bucket Approach

I would say your desired overall asset allocation should supersede the fallout allocation. Why not just adjust the bucket 3 asset allocation so it results in the overall 50/50 targeted allocation - i.e. split the $700K as $500K stock/$200K of bonds?
by Ready3Retire
Tue Jan 15, 2019 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Change my mind - Lease > Buy New Car
Replies: 23
Views: 2192

Re: Change my mind - Lease > Buy New Car

I like driving a newish car because I want a reliable car and don’t want to pay big money to replace tires, brakes, etc. I do 3 year leases and get the 15k miles per year. My current lease is a 2017 Ford Fusion SE for $221 per month. I went to some technology demonstration promo at a nearby Ford dea...
by Ready3Retire
Mon Jan 07, 2019 5:34 pm
Forum: Personal Consumer Issues
Topic: How to save on prescription drug costs?
Replies: 60
Views: 4996

Re: How to save on prescription drug costs?

When I have a new prescription to fill for me or one of my dependents, I explore these 4 options to find a reasonable price: > My medical/prescription drug insurance – I call the number on back of my insurance card to get the co-pay of medication at various pharmacies. - If a reasonable price, I jus...
by Ready3Retire
Fri Jan 04, 2019 6:50 am
Forum: Personal Finance (Not Investing)
Topic: FAFSA - is it worth filling out?
Replies: 109
Views: 6695

Re: FAFSA - is it worth filling out?

I hope to find out in a few months. My youngest - junior in an in-state university is planning to do a study abroad program this summer. I encouraged him to apply for merit scholarships (has a 3.5 gpa) to defray the cost of the program. At both the freshman college parent orientations my wife and I ...
by Ready3Retire
Thu Jan 03, 2019 10:27 pm
Forum: Personal Consumer Issues
Topic: best cheap printer
Replies: 80
Views: 6047

Re: best cheap printer

After 3 or 4 printers and ink cartridge costs and challenges, I now put print jobs on a flash drive and print at the local library or FedEx store. Much less frustrating.
by Ready3Retire
Mon Dec 10, 2018 11:51 am
Forum: Personal Consumer Issues
Topic: safest downhill ski helmet
Replies: 31
Views: 1450

Re: safest downhill ski helmet

I replaced my Giro helmet with a Smith Camber MIPS Snow Helmet last year (approx. $170). I especially like the knob on the back to adjust the fit.
by Ready3Retire
Wed Nov 28, 2018 10:49 pm
Forum: Non-US Investing
Topic: UK pension considerations for US resident
Replies: 6
Views: 731

Re: UK pension considerations for US resident

I know a US citizen/resident who receives a UK pension of few hundred pounds a month after having worked there for 5-6 yrs. The pension accumulates in a UK bank. Every few years this person takes a nice trip to the UK funded by the pension. I don’t know the specifics but there may be a rule that say...
by Ready3Retire
Sun Nov 18, 2018 10:34 am
Forum: Investing - Theory, News & General
Topic: Financial Engines recommends spending Roth money first
Replies: 25
Views: 2795

Re: Financial Engines recommends spending Roth money first

Thanks for the comments. I think I'll follow the approach outlined by Kitces.
by Ready3Retire
Sat Nov 17, 2018 10:02 am
Forum: Investing - Theory, News & General
Topic: Financial Engines recommends spending Roth money first
Replies: 25
Views: 2795

Financial Engines recommends spending Roth money first

Financial Engines (now called Edelman Financial Engines) is the administrator for my Megacorp 401K. They offered employees a 3 month free adviser service which I signed up for. Their hope of course, is people stay after the 3 month promo period and pay the ~60-80 basis points. My plan is to cancel p...
by Ready3Retire
Thu Nov 08, 2018 4:24 pm
Forum: Personal Consumer Issues
Topic: Too many choices for my next TRUCK
Replies: 99
Views: 8255

Re: Too many choices for my next TRUCK

I'm surprised the 2018 F250 is less expensive than the F150. The F250 is quite a lot more truck than an F150. If you don't need the towing or payload of the F250, I'd go with the F150 2.7L EcoBoost. The F150 will provide better fuel economy and better ride & handling vs the F250. My 2019 F150 SuperC...
by Ready3Retire
Mon Sep 24, 2018 9:05 pm
Forum: Personal Consumer Issues
Topic: Best/worst flavors of Gatorade/Powerade
Replies: 25
Views: 2470

Re: Best/worst flavors of Gatorade/Powerade

Gatorade G2 purple...half the sugar of regular. Better yet Vitamin water Zero red...no sugar.
by Ready3Retire
Sun Sep 16, 2018 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Pension question - 65% J&S vs Single plus term insurance
Replies: 6
Views: 700

Pension question - 65% J&S vs Single plus term insurance

My MegaCorp pension offers several options ranging from single life benefit (spouse gets no pension after I die) to 100% (spouse continues to get same amount as when I was alive). I have been planning to take the 65% Joint & Survivor benefit in a year or so when I am 59 or 60. My spouse is 4 yrs you...
by Ready3Retire
Sun Jul 08, 2018 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Destination - are you happy with your choice?
Replies: 127
Views: 17458

Re: Retirement Destination - are you happy with your choice?

I would also like to retire to a mountain town. I've always dreamed of being a ski bum for an entire season. Not sure if I'd get tired of skiing after doing it day after day but I really want to find out. :) I've used this site to compare cost of living relative to my current location: https://www.b...
by Ready3Retire
Tue Jun 19, 2018 5:34 am
Forum: Investing - Theory, News & General
Topic: FIRECalc/Pension vs Lump Sum Question
Replies: 3
Views: 778

Re: FIRECalc/Pension vs Lump Sum Question

Thanks for the replies. I realized I made a minor error of putting in 2020 as the start date (since this is the date I plan to start retirement). However, by doing this, I believe the model projects 2 years of growth to the initial portfolio before starting the drawdown. Anyway, when I put in this y...
by Ready3Retire
Mon Jun 18, 2018 9:04 pm
Forum: Personal Consumer Issues
Topic: Italy Trip Questions
Replies: 33
Views: 2484

Re: Italy Trip Questions

We loved this agritourismo:

http://igreppidisilli.it/en/

We took the train from Rome to Orvieto and drove to the farm. After 4 nights we dropped the car off just outside of Florence. Also drove to the Med one day for a swim in the nice and warm sea.
by Ready3Retire
Sun Jun 17, 2018 1:44 pm
Forum: Personal Consumer Issues
Topic: Italy Trip Questions
Replies: 33
Views: 2484

Re: Italy Trip Questions

That is the same trip we did in 2015 with my wife and two teenage boys. Everyone loved the trip. We flew into and stayed 4 nights in Rome, 4 nights in Tuscany at an agritourism farm, and then 3 nights in Florence and flew out of there. We found that amount of time and sequence just right. We were re...
by Ready3Retire
Sun Jun 17, 2018 1:02 pm
Forum: Investing - Theory, News & General
Topic: FIRECalc/Pension vs Lump Sum Question
Replies: 3
Views: 778

FIRECalc/Pension vs Lump Sum Question

I’d appreciate any feedback on my conclusions from running FIRECalc in comparing a lump sum vs a pension. I’m strictly doing this analysis to compare a lump sum vs pension so have not included other sources of income like Social Security, 401K, Roths, after tax. Background I work for a MegaCorp and ...
by Ready3Retire
Fri Jun 01, 2018 9:38 pm
Forum: Investing - Theory, News & General
Topic: Really bad days (RBDs) and porfolio performance
Replies: 67
Views: 11729

Re: Really bad days (RBDs) and porfolio performance

When the total bond fund went up .71% this week, I really had to fight the urge to move all $450k from that fund into the s&p500 that was down that day significantly. Alas I did not do this and as a result the s&p500 went up 1.3% the next day while total bond went down .3%. :oops:
by Ready3Retire
Sat May 26, 2018 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Minor car accident two years ago. How long till clear record?
Replies: 14
Views: 1679

Re: Minor car accident two years ago. How long till clear record?

I believe it is 3-5 yrs. likely varies by state and insurance provider. $100 a month per vehicle is not ridiculous depending on age and type of vehicle. Call your insurance company and ask them when each accident will clear and rates will drop. Nothing you can do other than shop around now to see if...
by Ready3Retire
Sat May 05, 2018 11:20 pm
Forum: Personal Consumer Issues
Topic: most compelling TV character ever
Replies: 260
Views: 28144

Re: most compelling TV character ever

Jim Rockford! I’m surprised no one else mentioned this great TV character.
by Ready3Retire
Sat Apr 21, 2018 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Settlement Offer -- Accept or Wait?
Replies: 66
Views: 8286

Re: Settlement Offer -- Accept or Wait?

I'm not sure what you mean by your question. The care I described was the only care I received. Beyond the items I listed, no care was necessary. I didn't see in your original post that you used your medical insurance for the hospital visit but they offered to reimburse you for the co pay. Good luck.