Search found 220 matches

by prentis
Thu Jan 28, 2016 8:18 pm
Forum: Personal Investments
Topic: Please review after 10 years investing
Replies: 12
Views: 2099

Re: Please review after 10 years investing

supernova72, Hello fellow Boeing employee. Yes, I was in the golden age of Boeing's defined contribution pension years. Today's employees need to do quite a bit more to establish a good income in retirement. As for my experience, I retired from the company after 32 years at the age of 57. I took the...
by prentis
Fri Oct 09, 2015 9:47 pm
Forum: Personal Investments
Topic: Please review after 10 years investing
Replies: 12
Views: 2099

Re: Please review after 10 years investing

As always, thank you for all of your sage advice, and, yes, I had it in the wrong index. Sorry. Yes we are very fortunate for our financial position. The secret was to stay with a great couple of companies (Boeing and Honeywell) who at the time had defined benefit pension plans. It is unfortunate th...
by prentis
Fri Oct 09, 2015 12:58 pm
Forum: Personal Investments
Topic: Please review after 10 years investing
Replies: 12
Views: 2099

Please review after 10 years investing

Dear Fellow Bogleheads, It has been many years since I set up my investment accounts following retirement in 2005. You folks were very instrumental in helping me determine my allocations. Those allocations haven’t changed much if at all but things do change for my wife and me and the world is also a...
by prentis
Mon Jun 18, 2012 4:55 pm
Forum: Personal Investments
Topic: A starting Social Security Question
Replies: 10
Views: 1660

Re: A starting Social Security Question

My wife and I just got back from the SS office. The agent was very helpful and knew exactly what we were doing and thought the restricted application was a very good idea in our situation. So for the next six months I am my wife's spouse. In December it will be the reverse. I do recommend that nobod...
by prentis
Mon Jun 11, 2012 10:07 am
Forum: Personal Investments
Topic: A starting Social Security Question
Replies: 10
Views: 1660

Re: A starting Social Security Question

Thanks again. Excellent advice. Sorry to be such a dunce about this stuff. I am a retired, college educated engineer and still these things drive me crazy. If it were not for the likes of all of you on this site I would be effectively throwing money away. I really appreciate your responses to my que...
by prentis
Sun Jun 10, 2012 11:57 pm
Forum: Personal Investments
Topic: A starting Social Security Question
Replies: 10
Views: 1660

Re: A starting Social Security Question

Well then...specifically according to the estimated benefits report sent to us by SS: My wife gets $915 a month starting this Friday based on her own income. My full retirement age (65 and 10 months) amount is listed as $2,095 a month, which would net my wife $1,047 a month at 1/2 mine. At 70 my mon...
by prentis
Sun Jun 10, 2012 9:18 pm
Forum: Personal Investments
Topic: A starting Social Security Question
Replies: 10
Views: 1660

Re: A starting Social Security Question

Thank you all. The plan was that we wanted to wait until my wife reached full retirement age so not to discount her payment by starting at 62. So based on your sage advice we will be visiting the SS office this week. And, yes, we have been on Medicare since our 65th birthdays so qualification should...
by prentis
Sun Jun 10, 2012 5:46 pm
Forum: Personal Investments
Topic: A starting Social Security Question
Replies: 10
Views: 1660

A starting Social Security Question

My wife and I are maximizing our Social Security income by waiting until I am 70 and she is fully vested. I turn 70 in December, My wife turns 66 (her fully vesting age) on Friday. My working years income was much larger than hers so her payment will be be half of my SS income when we start receivin...
by prentis
Sat Nov 12, 2011 3:50 pm
Forum: Personal Investments
Topic: Advice on IRA and Roth IRA mix
Replies: 16
Views: 1305

Re: Advice on IRA and Roth IRA mix

Bob (or whatever your name is), Interesting point you make on later in retirement. A scary thought. As for the young couple, no they don't make $300K and yes they would be financially eligible for direct Roth. But far be it from me to convince one's offspring to commit that much of what is otherwise...
by prentis
Sat Nov 12, 2011 1:33 pm
Forum: Personal Investments
Topic: Advice on IRA and Roth IRA mix
Replies: 16
Views: 1305

Re: Advice on IRA and Roth IRA mix

The 0% is on the gains on the investments in the Roth if I understand correctly.
by prentis
Sat Nov 12, 2011 1:17 pm
Forum: Personal Investments
Topic: Advice on IRA and Roth IRA mix
Replies: 16
Views: 1305

Re: Advice on IRA and Roth IRA mix

Interesting conversation folks...thanks for your thoughts. My daughter also recently joined a new employer and I am working with her to roll her previous employer's 401K to a Vanguard IRA. Meanwhile her new employer doesn't offer a match to their 401K offerings, which include both traditional and Ro...
by prentis
Sat Nov 12, 2011 12:41 am
Forum: Personal Investments
Topic: Advice on IRA and Roth IRA mix
Replies: 16
Views: 1305

Re: Advice on IRA and Roth IRA mix

Mamster, Thanks for the quick reply. Yes, we are talking about pre-tax 401K VS Roth 401K. Thanks for the correction. Your replay makes horse sense on the tax side of the equation. But isn't there some advantage to having some Roth money on line at retirement? I am retired and every cent I pull from ...
by prentis
Sat Nov 12, 2011 12:25 am
Forum: Personal Investments
Topic: Advice on IRA and Roth IRA mix
Replies: 16
Views: 1305

Advice on IRA and Roth IRA mix

Pardon me if this is an often asked question. I did a quick search and didn't find what I am looking for. My son-in-law is setting up his 401K with a new employer and they ofter both IRA and Roth IRA deductions in their investment plan. In my day Roths weren't in existence so I didn't have much to g...
by prentis
Fri Jun 19, 2009 10:47 pm
Forum: Personal Investments
Topic: 401K, Trad IRA and ROTH IRA combined contribution limits
Replies: 7
Views: 2373

Thank you folks

Thank you all for your council. I understand and will consult the IRS 590 from here on out. I previously found lots of information about 401Ks by themselves, ROTH and Traditional IRAs as a separate subject, but found it difficult to get information about the interaction of all three. I've got it. Th...
by prentis
Fri Jun 19, 2009 10:25 pm
Forum: Personal Investments
Topic: 401K, Trad IRA and ROTH IRA combined contribution limits
Replies: 7
Views: 2373

$5,000/year Regardless of 401k contributions. 16.5k/year on the 401k That is pretty clear. So let me be ask about the tax part. Not that she could, but can she put the limit in the 401K and also the Trad IRA and it is all tax deferred, or is there a limit to the deferral can be claimed at tax time?...
by prentis
Fri Jun 19, 2009 9:44 pm
Forum: Personal Investments
Topic: 401K, Trad IRA and ROTH IRA combined contribution limits
Replies: 7
Views: 2373

401K, Trad IRA and ROTH IRA combined contribution limits

I have been Googling for an straight answer to this question and haven't been able to get to the bottom line. Can someone please either answer my question or lead me to the right source? I'm sure it has been asked before. It is a followup to my recent thread about advising my daughter in her new job...
by prentis
Fri Jun 19, 2009 9:23 pm
Forum: Personal Investments
Topic: Advising my daughter on her new 401K
Replies: 27
Views: 3852

How about directly from the mouth of Bogle: The tyranny of compounding costs of 401k plans see the included chart. Yes that was also in the book by Bogle, "The Battle for the Soul of Capitalism." I actually sent my daughter a quote from that book to illustrate my point about what the 401K broker wa...
by prentis
Fri Jun 19, 2009 6:56 pm
Forum: Personal Investments
Topic: Advising my daughter on her new 401K
Replies: 27
Views: 3852

Wow, she's 30 and not listending to dad yet?! I'm shocked. Seriously though, it took me until I was 32 w/ 2 kids before I started listening to what the 'rents said. I realized two things: 1) they'd been through everything I was going through and had excellent insight. 2) my siblings and I were horr...
by prentis
Fri Jun 19, 2009 3:29 pm
Forum: Personal Investments
Topic: Advising my daughter on her new 401K
Replies: 27
Views: 3852

[/quote] Without belaboring the point, I still think you should eventually teach her to manage her own money. Just my 2 cents...[/quote] IL Int Med Your daughters are young. Easy for you to say. Just you wait. :D I try. Lord knows I try. Believe me it is a breakthrough that she is even consulting me...
by prentis
Fri Jun 19, 2009 1:36 pm
Forum: Personal Investments
Topic: Advising my daughter on her new 401K
Replies: 27
Views: 3852

One more thought

I thought I would just pass along an observation. It has become apparent to me that there seems to be a point of common confusion and misunderstanding between percent match and percent contribution among those who don't think much about investing. I've run into this a lot. It certainly was the funda...
by prentis
Fri Jun 19, 2009 12:58 pm
Forum: Personal Investments
Topic: Advising my daughter on her new 401K
Replies: 27
Views: 3852

Re: Informative thread.

Taylor Larimore wrote:Hi Prentis:
I apologize for exercising this group with erroneous information.
No need to apologize. This has been a very informative Conversation for all of us.
Thank you Taylor. That makes me feel better.

Kids!
by prentis
Fri Jun 19, 2009 12:21 pm
Forum: Personal Investments
Topic: Advising my daughter on her new 401K
Replies: 27
Views: 3852

Are you sure about this? Doesn't sound right to me. I would check to make sure is not a company match up to 3% of salary. This is the norm I believe. Thank you. Thank you. You hit the nail on the head. You got me to thinking that just maybe she didn't understand the plan. I checked with her one mor...
by prentis
Fri Jun 19, 2009 12:11 pm
Forum: Personal Investments
Topic: Advising my daughter on her new 401K
Replies: 27
Views: 3852

IMHO, on a more fundamental level, SHE should be the one posting and asking for advice. I wish I could have learned from parents who were savvy about investing (my father's idea of investing is a savings account) but ultimate every invest needs to learn and manage his or her own finances. Surely yo...
by prentis
Fri Jun 19, 2009 10:53 am
Forum: Personal Investments
Topic: Advising my daughter on her new 401K
Replies: 27
Views: 3852

That's a very low match - in my case my company matches up to 5% with 100% - so every dollar is doubled until I hit 5% of income as contributions. Yes it is very low, and that is what makes the decision so interesting. If the match were zero (as is the case for many many employers these days) it wo...
by prentis
Fri Jun 19, 2009 10:37 am
Forum: Personal Investments
Topic: Advising my daughter on her new 401K
Replies: 27
Views: 3852

Agree 100% with Laura. A simple spreadsheet should help you see that getting the match significantly outweighs the worse expense ratio for all but very long time periods. For example, say for instance that putting 3% in per year meant committing $100 a month to the scheme and the employer also kick...
by prentis
Fri Jun 19, 2009 10:35 am
Forum: Personal Investments
Topic: Advising my daughter on her new 401K
Replies: 27
Views: 3852

does this make sense or am I missing something? Your thinking is correct. The question is, at what point do the higher 401(k) expenses overtake the match. As she contributes to her 401(k) and draws the match, you can increase this each year by her expected average investment return - 2%, as the exp...
by prentis
Fri Jun 19, 2009 1:16 am
Forum: Personal Investments
Topic: Advising my daughter on her new 401K
Replies: 27
Views: 3852

Advising my daughter on her new 401K

Thanks in advance for your opinions on what I am thinking of advising my single 30-year-old daughter to set up (or not set up) at her new employer. (Yes, she is employed!!! :D) She is being offered a 401K which is managed by John Hancock. The prospectus of the various funds from which she can select...
by prentis
Sat Jan 03, 2009 12:55 am
Forum: Investing - Theory, News & General
Topic: Delay SS vs withdraw 401K money in down market?
Replies: 35
Views: 5591

How someone like me who still is working at 65 and plans to keep working until I'm at least seventy? I currently am maximizing my 401(k) (and Roth IRA) contributions; however, in two or three years I probably will have to face a decision about whether to start taking my Social Security benefits or ...
by prentis
Fri Jan 02, 2009 4:28 pm
Forum: Investing - Theory, News & General
Topic: Delay SS vs withdraw 401K money in down market?
Replies: 35
Views: 5591

Still Learning wrote:
I think this paper is particularly interesting

http://oregonpers.info/docs/articles/SS ... 07-8-1.pdf
It certainly is! That really puts a lot of logic into the decision. I recommend that everyone in this situation study it in detail.

Bottom line...I'm waiting to 70.

Thanks S L
by prentis
Thu Jan 01, 2009 3:36 pm
Forum: Investing - Theory, News & General
Topic: Delay SS vs withdraw 401K money in down market?
Replies: 35
Views: 5591

I could be off, but however you do your calculations, don't forget that both the age 66 benefit and the future age 70 benefit are going up by the same colas every year. Now we are getting to the nut of my original question. But why stop at 70? I think one also has to consider that the chances of bo...
by prentis
Thu Jan 01, 2009 1:39 pm
Forum: Investing - Theory, News & General
Topic: The Year End Return Thread
Replies: 100
Views: 17119

Mine

Down 16% for '08. Started with a 35/65% equity/fixed split, all indexed. Ended with 29/71%. Will be rebalancing back to plan this week.
by prentis
Thu Jan 01, 2009 12:40 pm
Forum: Investing - Theory, News & General
Topic: Delay SS vs withdraw 401K money in down market?
Replies: 35
Views: 5591

Errata

Errata: Sorry, earlyout, you are correct. I was projecting more from this statement (taken from analyzenow.com, "Helpful articles") than was warranted. Quote: "A spouse gets whichever is the larger of (1) the benefit from the spouse’s own working career or (2) up to 50% of the higher wage earner’s f...
by prentis
Wed Dec 31, 2008 8:00 pm
Forum: Investing - Theory, News & General
Topic: Delay SS vs withdraw 401K money in down market?
Replies: 35
Views: 5591

BTW, you mention 401K, are you still employed or you just have not rolled it over to an IRA yet? Sorry, I am so used to referring it that way after contributing to it for decades. No I rolled it over 4 years ago upon retirement to Vanguard IRA in a somewhat modified Coffeehouse Investor split, bond...
by prentis
Wed Dec 31, 2008 3:54 pm
Forum: Investing - Theory, News & General
Topic: Delay SS vs withdraw 401K money in down market?
Replies: 35
Views: 5591

In addition, the draw down of our respective IRA's will reduce the amount of RMD's starting at age 70.5. What you point out is very poignant. At some point, dictated by the amount in the fund, drawing down a 401K before 70.5 isn't necessarily a bad thing, especially if it is compensated by the rela...
by prentis
Wed Dec 31, 2008 2:12 pm
Forum: Investing - Theory, News & General
Topic: Delay SS vs withdraw 401K money in down market?
Replies: 35
Views: 5591

Good point

dbr: Good point. Of course that would be partially automatic in a sense because withdrawals from my fixed income portion will be part of my annual rebalancing exercise. Then again, my bond funds (TIPS and Intermediate term) are down too right now, but the equity portion is down more, of course. euro...
by prentis
Wed Dec 31, 2008 1:46 pm
Forum: Investing - Theory, News & General
Topic: Delay SS vs withdraw 401K money in down market?
Replies: 35
Views: 5591

Delay SS vs withdraw 401K money in down market?

My well laid plan for living on pension money and 4% (max.) withdrawals from my 401K until 70 and then starting SS has given me pause (I am currently 66). I am keenly aware that drawing money from my 401K in its current condition (mine is down 16% for the year) has long range impacts on future gains...
by prentis
Thu Dec 11, 2008 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: SS question on spousal benefits
Replies: 8
Views: 2147

Thank you, That is the answer I was looking for. File and suspend apparently applies to situations like the aforementioned "team play" situations.

It just goes to show that you should never take as gospel what someone tells you about Social Security at a cocktail party.
by prentis
Thu Dec 11, 2008 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: SS question on spousal benefits
Replies: 8
Views: 2147

EO,

Yes but will she get anything except her own meager benefit if I haven't filed and suspended before my age 70? That is my question.
by prentis
Thu Dec 11, 2008 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: SS question on spousal benefits
Replies: 8
Views: 2147

Thanks Ron

Thanks Ron, I think I understand what you are talking about and it is an interesting ploy. I believe it works for you because you and your spouse are of the same age. In our case, in order to maximize the SS benefit later in life for my wife if I were to die, waiting to my age 70 and to my wife's fu...
by prentis
Thu Dec 11, 2008 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: SS question on spousal benefits
Replies: 8
Views: 2147

SS question on spousal benefits

I have tried to find the answer to an SS question, both on this forum and in the SS literature. Can someone lead me to the correct reference please? It have heard from friends that in order for my wife to receive my 100% benefits at my death before I start taking SS I would have had to have "filed a...
by prentis
Mon Oct 27, 2008 1:16 pm
Forum: Investing - Theory, News & General
Topic: Retiree Spending Survey
Replies: 45
Views: 9555

Re: Retiree Spending Survey

1. 4 years but my wife is still working part time. 2. My wife and I are spending pretty much what we planned, which is on the order of 80% (post tax) of my income upon retirement. We paid off the mortgage and of course no longer contribute to the 401K so that really reduces our monthly outlay. Excep...
by prentis
Sat Oct 11, 2008 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Suze Orman: How to recession-proof your family
Replies: 16
Views: 4671

Re: Is Suze a market timer?

schwarm wrote:
prentis wrote:Suze says:

...
You have to come out [of the stock market] at this point," she says. "It doesn't mean you can't go back in."
...
Yes it does.
Exactly!
by prentis
Fri Oct 10, 2008 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Suze Orman: How to recession-proof your family
Replies: 16
Views: 4671

Is Suze a market timer?

Suze says: " If you need to start dipping into your savings in the next 10 years, Suze says it's best to take your money out of the stock market and invest in CDs and treasury bills or bonds. "For those people who need the money to be safe and sound, you need it to generate income now. You have to c...
by prentis
Sat Sep 20, 2008 6:05 pm
Forum: Investing - Theory, News & General
Topic: A Real Boglehead Moment - What are you doing?
Replies: 113
Views: 21774

Nothing

Oh, I might be re balancing my tailored Coffeehouse portfolio toward the end of the year as I do every year. I will have a little less in fixed income (1% less because I will be one year older). Otherwise it is "stay the course" as usual. I have to admit I have been watching the ups and downs of my ...
by prentis
Sat Aug 30, 2008 9:19 pm
Forum: Investing - Theory, News & General
Topic: "Herding" (New Yorker Financial Page)
Replies: 14
Views: 3774

nisiprius wrote:
But for now we’re stuck in a Yeatsian market: the best lack all conviction, while the worst are full of passionate intensity. Let’s hope the center can hold.
Hmmm...How about...
nisiprius...very astute....but you have waaaaay to much time on your hands.
by prentis
Sat Aug 30, 2008 5:17 pm
Forum: Investing - Theory, News & General
Topic: "Herding" (New Yorker Financial Page)
Replies: 14
Views: 3774

"Herding" (New Yorker Financial Page)

I thought you might like this article:

http://www.newyorker.com/talk/financial ... surowiecki

It is what all those non-Bogleheads are doing right now...very reassuring.

Stay the course.
by prentis
Sat Jul 12, 2008 12:11 am
Forum: Personal Investments
Topic: Financial planning software
Replies: 12
Views: 3436

Re: Financial planning software

One useful resource is the spreadsheet "programs" put together by Bud Hebeler. You can find them by clicking on the "Free Programs" link in left column of his website home page here: http://www.analyzenow.com/ I second that notion. His freeware is good but his programs that cost about $50 are a bar...
by prentis
Thu Jun 26, 2008 7:14 pm
Forum: Investing - Theory, News & General
Topic: Is anyone overweighting the financial sector?
Replies: 142
Views: 31518

Coffeehouse

I'm a Coffeehouse investor and when I check out my investments using the Vanguard portfolio analysis it gives me a yellow warning on being heavy in Financials. It wasn't my specific idea. I assume by the above posts that investing in value funds (part of the Coffeehouse approach) is the cause. Anywa...
by prentis
Fri Jun 13, 2008 1:43 pm
Forum: Investing - Theory, News & General
Topic: How to model risks in retirement planning
Replies: 18
Views: 3380

I agree

I find so many imponderables in the LTC decision that I decided just to focus on saving and padding the nest egg, hoping for a combination of good fortune, healthy lifestyle, and health care reform. I take some reassurance in the fact that the average length of stay in a nursing home is under 3 yea...
by prentis
Sat May 10, 2008 11:10 am
Forum: Investing - Theory, News & General
Topic: Stimulus Package
Replies: 25
Views: 5334

Mine just showed up

My rebate just showed up in my bank account yesterday.

So what am I supposed to buy that stimulates only the US economy? The fact that I have to even ask that question is closely related to the reason the congress felt it necessary to stimulate the economy in the first place.