Bogleheads.org

Miriam2

Some of us even started working before IRAs were even "invented". I suspect Miriam2 is in that group with me too. Once tIRAs became available, people slowly ramped up savings for retirement (at a maximum contribution of $1,500 or 2,000 per year[??]) on salaries a fraction of what they are now. :D Y...

Miriam2

So. No one can explain where the 1/3 to Roth came from other than just made up? This is where the "1/3 Roth" came from and I wouldn't call it "made up." The How to Grow Your Roth IRA article you linked spells it out, and also the article links to How Should You Allocate Savings? and other articles ...

Miriam2

I was also wondering. I found this blog post from MyMoneyBlog http://www.mymoneyblog.com/comparing-interest-rates-and-yields-from-money-market-funds-and-savings-accounts.html which explains to compare the 7-day effective compound yield of the money market fund to the savings account APY. OR, if you...

Miriam2

To address your Q, I have read your article as well as the first article the author wrote in the series on how high net worth individuals should save and plan for retirement, and both articles make perfect sense to me in the Boglehead world. Perhaps others could comment on the articles if I'm wrong....

Miriam2

^^^ We weren't Bogleheads in the old days :happy Way back when I started my retirement accounts, there were no Roths and all we had available were traditional IRAs. A defined benefit pension plan creates retirement "wealth" that is taxed at the higher income rate, making Roths beneficial in retireme...

Miriam2

Hi

Jajb6029 wrote: ↑. . . Kids are 15 and 13 so they have a very long horizon for this to grow. Balance of each is approx. $25,000. . . .

Hi Jajb6029,
I'm interested in how your kids got $25k in each Roth IRA by age 13 and 15?

Miriam2

I would also be interested in the answer to this question. I'm new to money market accounts and need your advice. I have the following questions. 1. How do I calculate the interest rate for money market account ? For example Vanguard prime money market fund (VMMXX) SEC yield 2.11% C Compound yield 2...

Miriam2

. . . I think investing in traditional accounts is akin to giving up on your dreams. I never understood the "I will be in a lower tax bracket in retirement". What!! You should want to be WEALTHIER the older you get, not poorer. You should strive to have more income with every passing year. . . . I ...

Miriam2

Ohh this is delicious! Rich, deep flavors, and also a "gorgeous, deeply burnished, perfectly domed cake" :happy Guaranteed to win over honey-cake complainers. HONEY CAKE 3-1/2 cups flour 1 Tablespoon baking powder 1 teaspoon baking soda 1/2 teaspoon salt 4 teaspoons ground cinnamon 1/2 teaspoon grou...

Miriam2

^^^ Thank you FiveK! Read your reference

Miriam2

#Cruncher wrote: ↑
Sun Sep 16, 2018 10:59 pm
As remomnyc says above, "Breakevens depends on what rates you use". The 80.3 [1] you cite assumes a 0% real discount rate. . . .

What does "rate" or "real discount rate" mean in calculating the break even point?

Miriam2

Tentatively planning Aug 30 2019 :) Very likely will do it. I'm in academia, so my effective retirement date would be May 31 2019. I will of course post my plan for bogleheads to try to veto before I give official notice. But it is probably safe to add me to the list :) :) :) I hope I don't have to...

Miriam2

Retired at age 64. Now, everyday is Saturday. I used to look forward to the weekend, now I look forward to the weekday when everything is open and less crowded. wwhan! Congratulations and best wishes on your retirement and going from TGIF to TGIM! Also you knocked out fellow classmate Trirod from f...

Miriam2

The answer is very industry-specific, but I have seen a lot of colleagues wear nice leather sneakers (eccos) or dark-colored Allbirds (ubiquitous in Silicon Valley) on business casual days. Not anymore. https://www.vox.com/the-goods/2018/9/14/17792298/silicon-valley-stylist-fashion-tech Haha! Fun a...

Miriam2

You can add me to the class of 2018. After 30 years with a mega telecom company, I took a voluntary offer that allowed me to retire on 9/14. My goal has always been to work no more than 30 years at this company. So when the offer was made, I decided I could retire and the severance made it a little...

Miriam2

Hello South Florida Bogleheads and Boglehead Snowbirds :D Our next South Florida local chapter meeting is set for Sunday, January 27, 2019, from 12 noon to 2:00 pm . Location - Stirling Road Branch, Broward County Library 3151 Stirling Road, Hollywood, Florida We'll post more details as we get close...

Miriam2

She recommends American Funds for the fact that they have low expense ratios and fees similar to index funds, but are actively managed. According to the advisor AF keeps fees low by not advertising like other brokerage firms. . . I'm seeing questionably higher returns compared to indexing and that'...

Miriam2

My new job offers a Simple IRA through Wells Fargo Advisors. I met with the advisor yesterday to discuss options. She recommends American Funds for the fact that they have low expense ratios and fees similar to index funds, but are actively managed. According to the advisor AF keeps fees low by not...

Miriam2

New here. Class of 2018--December 21st. Age 51 after 23+ years at MegaUniversity. At this moment, I don't plan to work. If I found a PT nursery job that worked around my travel and other hobbies, I'd be interested in working for a few bucks, the employee discount and the gardening education. Hopefu...

Miriam2

If you put duct tape over the drains in your bathtubs before you fill them, the water won't slowly leak out. And perhaps it goes without saying, but you never know: Use the bathtub water only for flushing toilets and bathing. Either buy drinking water or fill clean containers with drinking water fr...

Miriam2

MJS wrote: ↑
AlphaLess wrote: ↑ Can one wear shorts with a business suit?
It depends on where one is.
https://www.cntraveler.com/stories/2015 ... uda-shorts

Never a dull moment here, what a great forum this is

Miriam2

December 31st 2018... officially out of the game! We'll put you on the 2018 Roll Call jazman12, so you can tell your HR Department GOODBYE and GOOD RIDDANCE on Dec 31 before you head out into the big wide world and into a fabulous Retirement and New Year's Eve Party :D What a night that will be! ht...

Miriam2

Rolling out the Roll Call for this Retirement Class of 2018 :happy . . . . . . 31 Dec jazman12 Lining up for the 2019 Roll Call Bell :D December 31st 2018... officially out of the game! Jazman12 is SOOO eager to retire that he posted in the Retirement Class of 2018 AND 2019! :D :D Now this brings u...

Miriam2

31 Dec jazman12 We'll put you on the 2018 Roll Call jazman12, so you can tell your HR Department GOODBYE and GOOD RIDDANCE on Dec 31 before you head out into the big wide world and into a fabulous Retirement and New Year's Eve Party :D What a night that will be! http://www.fantasyfest.com/img/photo...

Miriam2

Rolling out the Roll Call for this Retirement Class of 2018 :happy . . . . . . 31 Dec jazman12 Lining up for the 2019 Roll Call Bell :D December 31st 2018... officially out of the game! Jazman12 is SOOO eager to retire that he posted in the Retirement Class of 2018 AND 2019! :D :D Now this brings u...

Miriam2

dccboone wrote: ↑Please add me to the Class of 2019. I've set the date and cannot wait - Friday, September 27th. Will be 62.

Welcome to this Class dccboone!

"Set the date and cannot wait" - say it over and over again

Tell the boss - thanks for the pay and the 401k. But I'm outta here

Miriam2

Would sneakers be accepted to go with business casual in office environment (to meet clients/customers, etc)? Or would it be faux pas? By sneaker I mean comfortable running shoe like this: What do other employees wear in the office - and more importantly, what does the boss wear? That's your model....

Miriam2

First, it's hard to know which of them are really a scam to get your data easy peasy. Second, they represent one more source of info on you that can be hacked. Remember, you are not paranoid if they really are out to get you and they are. I check accounts frequently and all investment accounts are ...

Miriam2

Rolling out the Roll Call for this Retirement Class of 2018 :happy We have 33 happy graduates and many who are waiting for THE DAY. So far, our class retirees range from "in late 30's" to age 70 8-) :!: Already Graduated - CONGRATULATIONS!! 01 Jan - BigOldBear 02 Jan - Billionaire 12 Jan - RubyTuesd...

Miriam2

livesoft wrote: ↑I'm laughing that folks think this is going to lead to divorce. My spouse doesn't want me wasting money on necklaces and bracelets either.

But it's ok for leotards?

Miriam2

I am officially retired! I worked half a day today and celebrated by going out for lunch with my wife at our favorite restaurant. The goodbyes with my coworkers was the toughest part. After we got home I was about to cut the grass (part of my Friday routine) and it started pouring down rain. Oh wel...

Miriam2

Hot humid muggy buggy steamy sticky August . . . but our gardens look beautiful 8-) Here is the updated Roll Call for our upcoming class of upstart retirees in the upcoming year of 2019. Lining up for THE BELL : :D 05 Jan - Canoesmith __ Jan - Tycoon __ Jan - 2pedals __ Jan - doneat53 __ Jan - Ospre...

Miriam2

Retirement date: November 21, 2019 at age 69. Planning to have plenty of time to prepare for the Thanksgiving feast. Great! You're on our Roll Call! But wait - if you retire on Nov 21, 2019, that's on Thanksgiving - and if that gives you plenty of time to prepare for your Thanksgiving feast, you mu...

Miriam2

So this thread continues to be financially action-able, here we have it, from Bloomberg no less :D https://www.bloomberg.com/news/articles/2017-05-05/a-defense-of-the-everyday-bow-tie - "A Defense of the Everyday Bow Tie" One last reminder: Even though the field of pre-tied, high-end bow ties is con...

Miriam2

bowtie wrote: ↑ happy national bowtie day in usa.......
Wear one and/ or eat pasta

Congratulations bowtie! Nice to have your own day named after you!

Miriam2

I have a very large percentage of my portfolio in the T. Rowe Price Capital Appreciation fund (PRWCX) which I hold in both my Rollover IRA and Roth IRA at Fidelity. The fund has an expense ratio of 0.71. Because I hold more than $1M in the fund within my Rollover I qualify for the Institutional sha...

Miriam2

Completely out of the blue, my BIL got a package from his MegaCorp, and he’s 5 years younger. So jealous, but I intend to stay the course and hope that I can hold up until December... Don't think of your BIL - what's he gonna do all day, play golf with the guys? You can hold on until December, it's...

Miriam2

The Roll Call for the Retirement Class of 2019 is now open! "We're off to relax from the daily grind And leaving the 8 to 5 behind No more meetings, no more skypes No more listening to business gripes." You're a veritable poet! Love it! Thanks! but not quite - I lifted it from my office HR departme...

Miriam2

March 2019 for me !!! Goodbye tension, hello pension !!! Gettin out at 60 !!! Congratulations Kcr8n and a big welcome to our Retirement gang! "Goodbye tension, hello pension" - we feel your delight! Age 60 is a great time to retire - actually, anytime is a great time to retire, heh heh :mrgreen: Be...

Miriam2

Last day at my job beginning at the end of May to mid June timeframe. I'll officially be off the books by the end of August. Very much looking forward to "the day" and will be doing #3, just fading away. I work at a remote location from my headquarters so fading away won't be that tough. Congratula...

Miriam2

After 42 years at present job, I'll be joining the class of 2018 on November 21 at age 65. :happy Yikes!! 42 years at your present job!! Way to go!! :beer And yes, it's time to be done with all that and begin your new life - and what a great life it will be ahead of you :D You're on this Highly Acc...

Miriam2

I just recently passed my first 100K in liquid assets. Does it start getting faster at some point due to compounding returns? When will I start to really notice this thing rolling? Some advice from Charlie Munger - https://www.fourpillarfreedom.com/charlie-munger-the-first-100000-is-a-btch At an ol...

Miriam2

The Finance Buff (Boglehead tfb) recently wrote an article about tax efficient placement of funds and said this about putting target date funds in a taxable account: "When Tax Efficient Asset Placement Doesn’t Make Much Difference" by Harry Sit on August 21, 2018 Sometimes we hear people say target ...

Miriam2

I'll hit my number in Aug 2019, but I might join the OMY club anyway, so... maybe? Is maybe enough to get me on the list? Depends on all the usual stuff - market conditions, working conditions, money on the table, general levels of bravery and cowardice, etc. I'll be 42. Hi mike_slc - we put you on...

Miriam2

Today I met with my CFO and let her know that I will be retiring at the end of June 2019. Since I work at a school (staff-IT) , that covers this final school year for me. By June I will be in my 18th year...best job I've ever had by far. Honestly, it was bittersweet talking with her as I really lik...

Miriam2

delrinson - do you have the policies to leave a death benefit for someone? Not sure why this discussion should be about keeping these horrible products for another 15 years + retirement years. Better would be should I cancel this cr*p or not (yes) and what to do with the cash value. For very old ins...

Miriam2

FWIW - "Can Form 8606 line 8 ever be negative?" - Ed Slott Report

"Line 8 (or any other line on Form 8606) cannot be negative."

https://www.irahelp.com/forum-post/2841 ... e-negative

Miriam2

Miriam2, thank you for the kind words - and not just to me, but the encouragement you have spread far and wide throughout this part of the Bogleheads. Retirement is a little scary (maybe a whole lot scary) and definitely a big change, and your encouragement is making it easier for people, including...

Miriam2

First week of January. Seeing the light at the end of the tunnel. Hi cogitan! Welcome to The Retirement Class of 2019 - why, you just might be our first graduate! Why, you'll then have time to spend all of 2019 on your favorite forum helping all your fellow Bogleheads who are still stuck in the tun...

Miriam2

Add us to the retirement class of 2018! Spouse and I transitioned to part-time 2 years ago and retired in June 2018. not-slow_n_steady Congratulations and welcome to this Great Retirement Class! You've been sort of practicing for retirement for two years now, must finally have it down to near perfe...

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