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Kennyt7

nothing better than tax free income-have held them for 40yrs-long term A rated or better

Kennyt7

250k income=16.8 effective tax rate
that's what counts rather than marginal bracket
florida resident

Kennyt7

BTW-my effective tax rate on 240k or so is around 17%
WHAT ABOUT CASHING OUT MY ROTH IRA, 140K as its at its high and BUYING TAX FREE MUNIS???
About 3% of my portfolio all in Vanguard total stock fund

Kennyt7

simplify with 5-7 vanguard stock and bond funds and reits

Kennyt7

look at the last crisis and so many could not retire
IF a 50% loss does not affect your lifestyle, FINE, but for most it would be devastating
Look up MARGINAL UTILITY OF WEALTH, then make your decision when you near retirement

Kennyt7

if you can afford a 50% EQUITY LOSS and maintain lifestyle, that's fine
MOST CANNOT
LIGHTEN UP on stocks

Kennyt7

Anyone feel this is leading to RECESSION?

Kennyt7

[OT comment removed by admin LadyGeek]
we will never see tax rates this low
on 234k income my federal taxes are around 38k, no state income tax
doing roth conversions or taking greater distributions to buy munis both seem prudent
the only drawback is higher medicare part b premiums

Kennyt7

with tax rates very low and I have no state tax(thank you FLA), I am considering taking larger distributions from my 4.3 million ira to buy munis
with our MASSIVE debt taxes have to INCREASE in due time
what say you?

Kennyt7

did he believe in market timing which is nonsensical
according to james lange roth conversions are universally a good thing

Kennyt7

age in bonds-john bogle

Kennyt7

read the trinity study

Kennyt7

do some roth conversions
why 185k in cash

Kennyt7

build a ladder of individual muni bonds from your state
great source of tax free income lifetime

Kennyt7

you should include small caps and or small cap and large cap value along with reits
small caps historically have done 2% better yearly

Kennyt7

at vanguard go to investing and then view current cd rates or call them to have them walk you through the process
quite easy

Kennyt7

buffett and munger are long in age
what happens after their demise
stick to total us stock index fund

Kennyt7

10th yr of POSSIBLE BULL MKT- might be time to lighten up if you are heavily invested in equities

Kennyt7

start buying long term nj munis and build a ladder
individual better than funds imho

Kennyt7

use inter med term and long term corp bond as well as hi yield with vanguard and gnmae bond fund OR just put all bonds in total bond in ira accounts

Kennyt7

you should have small cap or small cap value
small caps have outperformed long term by 2%

Kennyt7

use the trump tax calculator
pretty simple as most will use the standard deduction

Kennyt7

and too much work for your cpa and for you to keep track of
shoot the advisor

Kennyt7

THAT IS THE CRAZIEST PORTFOLIO!!! All you need is a max of 10 vanguard etfs and or index funds Total Stock Total Intl EM, Reits, Total Bond small cap, small cap value hi yield corp, inter term corporate KISS-KEEP IT SIMPLE YOUR PRESENT portfolio needs a genius to rebalance your advisor is a FIDUCIAR...

Kennyt7

just do it yourself determine your AA and use 7-10 index funds covering the basic asset classes as any of their advisors will do total us stock total us bond reits em total intl small cap sma;ll cap value hi yield corporate interm term corp bond, etc why pay 3k on every million they will only use va...

Kennyt7

no reason to buy an annuity at age 65 as you say you are finasncially healthy
the payounts are small as we are in a very low interest rate environment
most buy annuities SPIA at age 70 or a bit later

Kennyt7

200k/yr less taxes= 168k
two residences nj and fla

Kennyt7

bogle believes 20% of equity allocation to intl
from 1996 to 2016 sp500 did twice as well as intl
bogle was against intl frim day 1 changed a bit now

Kennyt7

ladder TAX FREE MUNIS
Malkiel suggests hi dividend paying stocks-fund for a fixed income substitute

Kennyt7

vanguard has no shareholders we own the company

Kennyt7

EVERYONE NEW TO INVESTING PLEASE GOOGLE AND READ "IF YOU CAN< HOW MILLENNIALS CAN GET RICH SLOWLY" and thank me later

Kennyt7

do it yourself its fifth grade stuff

Kennyt7

RANDOM WALK DOWN WALL STREET IS A MUST READ FOR EVERY INVESTOR, THEN BOGLE'S BOOKS ON MUTUAL FUNDS!

Kennyt7

I am 68 with 18% of 5.2 million in equities and I sleep like a baby. When you near retirement sequence of returns is critical and you should derisk your portfolio. When you win the game take most of the chips off the table unless you can withstand a yearly loss of 50% or a long period of stagnation ...

Kennyt7

Vanguard is always a good choice
Robo Advisors like Betterment or Wealthfront are fiduciaries as well and charge .25% of Assets managed

Kennyt7

4.4 in ira 900k in munis ss for both about 40k no debts 68,67
probably can not do enough roths to make much of a difference
my goal is to preserve capital
have taken distributions for almost 10yrs, probably a million dollars

Kennyt7

of course you need bonds in your portfolio at any time
there was a recent 30yr period where bonds returned on average about 8.5%
I bought 10yr cds a bunch of yrs ago at 5%. My buddy said then rates gotta go up
DONT LISTEN TO FORECASTERS

Kennyt7

68yr old married with 4.4 million in IRA
Any suggestions on doing some Roth Conversions

Kennyt7

The default rate on investment grade bonds is miniscule. Buy A rated or better GO bonds if available

Kennyt7

Have owned NJ Muni bonds for the last 40yrs!!!

Kennyt7

Any excess $$$ could be additional principal payments towards mortgage if desired

Kennyt7

MAX OUT RET PLAN contributions The mortgage will be paid off

Kennyt7

sell that stock in the most tax efficient manner and keep a small amount if desired
nothing wrong with your portfolio and a 4% withdrawal rate

Kennyt7

if you are a pt with a dental hmo, the cheapest plan with the worst payments to dentists, you might be hit with lots of upgrades, surcharges, etc etc they pay us like 6-7 bucks a month per pt to do most procedures we make money when pts do not show up ever but most docs do not take this CRAP! beware...

Kennyt7

yes with that income buy something

Kennyt7

I actually own a few individual muni bonds in my ira paying around 4%

Kennyt7

100% equities age 73 is preposterous When you win the game you need to only thibk about capital preservation(marginal utility of wealth) I am 67 and have 18% of a 5.2 million dollar portfolio in fixed income Happy to get 4-5% yearly income plus 40k SS and not touch principal If you cannot afford to ...

Kennyt7

research will tell you a mix of taxable and ira withdrawals during retirement your modified agi will determine your medicare part b premiums so check that out as well most research states a 4% withdrawal rate and a stock portfolio between 30-70% will last forever you probably will see your portfolio...

Kennyt7

keep the car a no brainer you will get another 100k miles

Kennyt7

as a retired gp there is gross overtreatment in dentistry as well as medicine because of greed and the exorbitant tuitions to get your degree adults should not be getting new cavities yearly but fillings do break down not much in dentistry is permanent excessive xrays are also pretty common get a se...

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