Search found 5722 matches

by David Jay
Thu Dec 13, 2018 10:28 pm
Forum: Personal Consumer Issues
Topic: Potential New Home - Planes and Trains Noise
Replies: 8
Views: 521

Re: Potential New Home - Planes and Trains Noise

I used to live within a block of a train crossing. You get used to it after a few months.

We would have visitors who would say: “How do you stand that noise?” I would hear it all evening because they called it to my attention. Next day I wouldn’t notice it.
by David Jay
Thu Dec 13, 2018 10:20 pm
Forum: Investing - Help with Personal Investments
Topic: Total Stock Market Fund that pays ~3% Dividend
Replies: 10
Views: 1751

Re: Total Stock Market Fund that pays ~3% Dividend

finite_difference wrote:
Thu Dec 13, 2018 10:13 pm
What the frak is a GRAT?
It would appear to be a “Grantor Retained Annuity Trust”
by David Jay
Wed Dec 12, 2018 10:37 pm
Forum: Investing - Theory, News & General
Topic: So Much Red [in cost basis of taxable accounts]
Replies: 26
Views: 2468

Re: So Much Red

Am I missing something here or are people just automatically upset when their portfolio drops in value with 10-30 years until retirement? It's mostly emotional. Stay the course. It is a known human weakness that the pain of loss is 2x - 3x more pronounced than the joy of an equivalent gain (i.e. lo...
by David Jay
Wed Dec 12, 2018 9:20 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth IRA logistics
Replies: 4
Views: 288

Re: Backdoor Roth IRA logistics

However, I am not sure how this works logistically...do I contribute to the traditional IRA and then only make the conversion once at the end of the year? Or do I convert several times throughout the year? If it is more prudent to convert more often, does the traditional IRA still remain open or do...
by David Jay
Wed Dec 12, 2018 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: Corporate Bond Investing Strategy
Replies: 27
Views: 1134

Re: Corporate Bond Investing Strategy

galeno wrote:
Wed Dec 12, 2018 8:04 pm
I HOPE you KNOW what you're doing.
Individual corporate bonds, held to maturity, as the exchange asset in a market timing strategy...

I think not.
by David Jay
Wed Dec 12, 2018 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: Being locked out of my account and "research team" will contact me in 72 hours
Replies: 32
Views: 3432

Re: Being locked out of my account and "research team" will contact me in 72 hours

They are protecting your account.

Someone has access to your Username and Password and attempted to use it to access your account from a computer that is not “identified” as being your computer.

It is inconvenient but give them the 3 days they have requested.
by David Jay
Wed Dec 12, 2018 6:16 pm
Forum: Investing - Help with Personal Investments
Topic: Corporate Bond Investing Strategy
Replies: 27
Views: 1134

Re: Corporate Bond Investing Strategy

glossolalia wrote:
Wed Dec 12, 2018 4:24 pm
Basically, I'm looking to alternate between being 100% invested in stocks and bonds at all times, according to a market timing strategy I developed (let's leave aside the dangers of market timing for the purpose of this thread, please)
:!:
by David Jay
Wed Dec 12, 2018 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: Super IRA account
Replies: 11
Views: 894

Re: Super IRA account

Silk McCue wrote:
Wed Dec 12, 2018 10:37 am
1. combining all of these into a Joint Super IRA,
This is not possible. These are individually owned accounts and CANNOT be combined.
Exactly right. The "I" in IRA is "Individual"
by David Jay
Tue Dec 11, 2018 11:36 pm
Forum: Investing - Help with Personal Investments
Topic: Tax gain harvesting methodology
Replies: 3
Views: 463

Re: Tax gain harvesting methodology

I don’t understand the purpose of your strategy (selling after the dividend), but it doesn’t matter. If the issue is the Vanguard frequent trading (can’t buy back the same fund for 30 days) policy, how about using the ETF class instead of the Mutual fund class?
by David Jay
Tue Dec 11, 2018 11:24 pm
Forum: Investing - Help with Personal Investments
Topic: Taxed account
Replies: 6
Views: 723

Re: Taxed account

It depends on the organization of your business. If you are a sole proprietor (no employees) a Solo 401K is available, Wiki link: https://www.bogleheads.org/wiki/Solo_401(k)_plan For a small business with less than 100 employees, a Simple IRA is a possibility, Wiki link: https://www.bogleheads.org/w...
by David Jay
Tue Dec 11, 2018 11:41 am
Forum: Investing - Theory, News & General
Topic: Fidelity Rep: Don't use target date because you can't time the market.
Replies: 19
Views: 2563

Re: Fidelity Rep: Don't use target date because you can't time the market.

Important caution with Fidelity: They have TWO target date fund families . "Freedom" and "Freedom Index". The Freedom funds (i.e. Freedom 2040, etc.) are the high cost funds. The Freedom Index (i.e. Freedom Index 2040, etc.) are the low cost funds. The Freedom Index funds can be hard to find on the ...
by David Jay
Mon Dec 10, 2018 10:32 pm
Forum: Investing - Help with Personal Investments
Topic: Five year annuity distribution
Replies: 7
Views: 658

Re: Five year annuity distribution

Unless the annuity is over 35 years old, the 34k of gains will come out first, so you will get the tax hit before you receive any of the amount invested. Therefore, if you withdrew 17,000 this month you will have 17k of taxable income this year. You could then withdraw the entire balance in January...
by David Jay
Mon Dec 10, 2018 8:00 pm
Forum: Personal Consumer Issues
Topic: To each his own ( I guess ) [Opinions of traveling in retirement]
Replies: 109
Views: 7673

Re: To each his own ( I guess )

I traveled extensively before retiring, both for work and for pleasure. My wife and I love National Parks and have been to most of them at least once. Europe was OK but not a huge draw for me now. My wife still likes to travel. Now, retired, I find it a MAJOR pain in the tush; I am probably rationa...
by David Jay
Mon Dec 10, 2018 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Question for CFPs
Replies: 4
Views: 587

Re: Question for CFPs

Here is another good one: https://www.bogleheads.org/forum/viewtopic.php?t=156743 It discusses the various qualifications: Series 7, Series 66 and CFP Just trying to get some insight from those who went into it with just your own self-study as a building block. One of the big impediments is that you...
by David Jay
Mon Dec 10, 2018 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Question for CFPs
Replies: 4
Views: 587

Re: Question for CFPs

Try using the forum search function (in the upper right, with the gray “Google”) for lots of results for “CFP”, here is just one that I think you will find interesting:

viewtopic.php?t=143738
by David Jay
Mon Dec 10, 2018 7:38 pm
Forum: Investing - Help with Personal Investments
Topic: In this case, should I be 100% stocks?
Replies: 10
Views: 1453

Re: In this case, should I be 100% stocks?

For clarity - I had 100% of my retirement assets in equities through my mid-50s. I have moved to a much more balanced portfolio now in preparation for retirement (next month!)
by David Jay
Mon Dec 10, 2018 7:34 pm
Forum: Investing - Help with Personal Investments
Topic: In this case, should I be 100% stocks?
Replies: 10
Views: 1453

Re: In this case, should I be 100% stocks?

Your Asset Allocation needs to reflect more than just your other retirement vehicles. It also needs to reflect your personal response to market fluctuations. How will you respond to another 2008-2009 when the stock market drops 60%? I am essentially immune to volatility - I can pull a “Spock” (Star ...
by David Jay
Mon Dec 10, 2018 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Converting old Keogh to rollover IRA
Replies: 2
Views: 209

Re: Converting old Keogh to rollover IRA

This document may point you in the right direction: http://www.pension-specialists.com/hott ... eAware.pdf

I note that the last update they mention is 2001.
by David Jay
Mon Dec 10, 2018 7:06 pm
Forum: Personal Consumer Issues
Topic: Electric bill with LED
Replies: 102
Views: 6825

Re: Electric bill with LED

Do they make LED lights for regular 3-way table lamps that are warm in color like traditional bulbs? I don't care for cold, blue lighting. Edit: Okay, how does this one from Amazon look? Good reviews, but who knows...Are there brands you like for LEDs? https://www.amazon.com/dp/B01CEK1O4E/ref=psdc_...
by David Jay
Mon Dec 10, 2018 6:53 pm
Forum: Investing - Help with Personal Investments
Topic: Five year annuity distribution
Replies: 7
Views: 658

Re: Five year annuity distribution

So many things affect this decision: your tax bracket, how you will reinvest the money, etc. In general, annuities earn “bond-like” returns. If you are going to put the funds in a Money Market or short term bond fund, you are likely better served to leave it with AXA. If you are going to invest it i...
by David Jay
Mon Dec 10, 2018 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Want to help me figure how much I can convert to Roth?
Replies: 27
Views: 2313

Re: Want to help me figure how much I can convert to Roth?

1099 income in 2018 will be $66,000, all of it excluded from income tax under the Foreign Earned Income Exclusion. This is the item that most here will not be familiar with. Assuming no tax implications from the above (I don't have specific knowledge one way or the other of any means test for the a...
by David Jay
Mon Dec 10, 2018 10:51 am
Forum: Personal Consumer Issues
Topic: safest downhill ski helmet
Replies: 30
Views: 972

Re: safest downhill ski helmet

Unquestionably, the safest helmet is the one that stays - with you - in the ski lodge.

Risk vs. reward...
by David Jay
Mon Dec 10, 2018 8:45 am
Forum: Investing - Help with Personal Investments
Topic: Roth conversion taxes- how to pay them?
Replies: 13
Views: 1308

Re: Roth conversion taxes- how to pay them?

My question is, should I withdraw $60K from the IRA's to move to the Roth; but pay the $32K of taxes... The entire $60K coming out of the tIRA is taxable as normal income and thus is added to your MAGI (modified adjusted gross income). For ACA eligibility, how you pay the taxes does not matter, the...
by David Jay
Sun Dec 09, 2018 9:08 pm
Forum: Investing - Help with Personal Investments
Topic: SPIA or Annuity regret anyone? Lessons learned?
Replies: 1
Views: 515

Re: SPIA or Annuity regret anyone? Lessons learned?

Most recommendations for SPIA purchase is much later in life - 70s and later. This is because mortality credits become a larger part of the calculations at those ages. At age 50 you will mostly be getting the returns that insurance companies receive from holding bonds, less the overhead of the insur...
by David Jay
Sun Dec 09, 2018 8:51 pm
Forum: Investing - Help with Personal Investments
Topic: Age 60, portfolio review for possible retirement soon
Replies: 9
Views: 1526

Re: Age 60, portfolio review for possible retirement soon

My current expectation is to start taking SS at age 70, and it would be about $42,000 per year based on current calculations (I don't have a good handle on wife's SS but it would be much smaller). It is often the optimal strategy for the higher wage earner to hold off until age 70 and the lower wag...
by David Jay
Fri Dec 07, 2018 11:27 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance for FIRE [Financial Independence Retire Early]
Replies: 83
Views: 6340

Re: Health insurance for FIRE [Financial Independence Retire Early]

Do these short-term plans have networks that entitle you to discounted rates before you meet your deductible? In looking at them I haven't heard of any of these companies (Independence American Insurance Company and LifeShield National Insurance Company). That can make a big difference. Currently I...
by David Jay
Fri Dec 07, 2018 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 Backdoor Timing
Replies: 2
Views: 233

Re: 2018 Backdoor Timing

You will want to do the two transactions back-to-back, it is best if there are no earnings on the tIRA assets at time of conversion. The Roth conversion will be shown in the calendar year that it occurs but I do not think that has any material effect in the transaction (i.e. you can still make a 201...
by David Jay
Fri Dec 07, 2018 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth Conversion question
Replies: 13
Views: 763

Re: Backdoor Roth Conversion question

Thank you! Let me rephrase my question: I will be rolling over Traditional IRA (non 2018)to 401K to avoid taxation. But how much max I can add to 'non deductible new Traditional IRA ' this year? Which will eventually be moved to backdoor Roth. Understood that 'C' could be any amount. But how much I...
by David Jay
Fri Dec 07, 2018 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth Conversion question
Replies: 13
Views: 763

Re: Backdoor Roth Conversion question

Thank you! Let me rephrase my question: I will be rolling over Traditional IRA (non 2018)to 401K to avoid taxation. But how much max I can add to 'non deductible new Traditional IRA ' this year? Which will eventually be moved to backdoor Roth. Understood that 'C' could be any amount. But how much I...
by David Jay
Fri Dec 07, 2018 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Climate Concerns re: small Jersey Shore Vacation Home
Replies: 54
Views: 2932

Re: Climate Concerns re: small Jersey Shore Vacation Home

How long do you expect to keep the house?

Global sea level has been rising at about 1.8mm per year for the last couple of centuries, with no sign (yet) of any acceleration.

So in 20 years, one could expect that global sea level will be about an inch and a half higher than it is today.
by David Jay
Fri Dec 07, 2018 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Health insurance for FIRE [Financial Independence Retire Early]
Replies: 83
Views: 6340

Re: Health insurance for FIRE

I would look at whether there is a cap on what insurance will pay. For most people, covering prescription drugs for the period of the short term policy wouldn't be a deal breaker, but if the policy only paid up to the first $X,XXX,XXX, and then stopped paying? There used to be lots of policies that...
by David Jay
Fri Dec 07, 2018 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Health insurance for FIRE [Financial Independence Retire Early]
Replies: 83
Views: 6340

Re: Health insurance for FIRE

It might be good to time it so the short-term policy expires (after 12 months) while open enrollment for ACA plans is open just in case. The open enrollment window isn't very long... If you re-read my original post, you will see that I have (2) alternatives for the renewal period (6 months in this ...
by David Jay
Thu Dec 06, 2018 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance for FIRE [Financial Independence Retire Early]
Replies: 83
Views: 6340

Re: Health insurance for FIRE

MP123 wrote:
Thu Dec 06, 2018 8:19 pm
Does it cover preexisting conditions?
No.
by David Jay
Thu Dec 06, 2018 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance for FIRE [Financial Independence Retire Early]
Replies: 83
Views: 6340

Re: Health insurance for FIRE

As I prepared to retire, I looked at the following possibilities (prices are for married couple): 1. COBRA 2. ACA 3. Medicaid Expansion 4. Short term policy 5. Medishare 1. $8000 a year. Pretty steep for a moderate income person in LCOL area. 2. My retirement payout (sick bank, vacation) exceeds AC...
by David Jay
Thu Dec 06, 2018 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance for FIRE [Financial Independence Retire Early]
Replies: 83
Views: 6340

Re: Health insurance for FIRE

As I prepared to retire, I looked at the following possibilities (prices are for married couple): 1. COBRA 2. ACA 3. Medicaid Expansion 4. Short term policy 5. Medishare 1. $8000 a year. Pretty steep for a moderate income person in LCOL area. 2. My retirement payout (sick bank, vacation) exceeds AC...
by David Jay
Thu Dec 06, 2018 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance for FIRE [Financial Independence Retire Early]
Replies: 83
Views: 6340

Re: Health insurance for FIRE

As I prepared to retire, I looked at the following possibilities (prices are for married couple): 1. COBRA 2. ACA 3. Medicaid Expansion 4. Short term policy 5. Medishare 1. $8000 a year. Pretty steep for a moderate income person in LCOL area. 2. My retirement payout (sick bank, vacation) exceeds AC...
by David Jay
Thu Dec 06, 2018 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Tax withholding for Roth Conversion
Replies: 6
Views: 508

Re: Tax withholding for Roth Conversion

Are you paying the taxes out of taxable or out of the conversion?

If out of the conversion, my broker (Vanguard) will withhold state and federal in the percentages that I request. If out of taxable, I would make a quarterly payment for the 4th quarter.
by David Jay
Thu Dec 06, 2018 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: DW has 39 credits of SS. Easiest way to get 40?
Replies: 15
Views: 2979

Re: DW has 39 credits of SS. Easiest way to get 40?

My wife has 41 credits at relatively low pay jobs, but because SS pays 90% of inflation adjusted 35 year average on those initial dollars, her PIA is over $600.

Probably well worth working for 150 hours.
by David Jay
Thu Dec 06, 2018 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: DW has 39 credits of SS. Easiest way to get 40?
Replies: 15
Views: 2979

Re: DW has 39 credits of SS. Easiest way to get 40?

The easiest way is to work a part-time retail job. A lot easier than setting up all the paperwork to pay an employee. How about a seasonal job (cashier at a greenhouse one spring...), the job only needs to be for long enough to earn $1320 (the 2018 amount, probably 30 or 40 bucks more in 2019). At $...
by David Jay
Thu Dec 06, 2018 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance for FIRE [Financial Independence Retire Early]
Replies: 83
Views: 6340

Re: Health insurance for FIRE

As I prepared to retire, I looked at the following possibilities (prices are for married couple): 1. COBRA 2. ACA 3. Medicaid Expansion 4. Short term policy 5. Medishare 1. $8000 a year. Pretty steep for a moderate income person in LCOL area. 2. My retirement payout (sick bank, vacation) exceeds ACA...
by David Jay
Thu Dec 06, 2018 3:28 pm
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 11969

Re: Why Retirement Is Broken And Needs To Be Reinvented

willthrill81 wrote:
Thu Dec 06, 2018 2:52 pm
If we could just convince people to save at least 15% of their gross income into a target-date fund, I think that 80% or more of the 'retirement crisis' would be averted.
Well, there ya' go. It's so simple...
by David Jay
Thu Dec 06, 2018 3:26 pm
Forum: Investing - Theory, News & General
Topic: Who else is getting excited? [about the market]
Replies: 139
Views: 11885

Re: Who else is getting excited?

Starchild wrote:
Thu Dec 06, 2018 6:35 am
I lost a lot of money this year. That's not exciting.
Really? Are you in broad-based index funds?

YTD total return on the SP500 was positive as of yesterday. So was Total Stock.
by David Jay
Thu Dec 06, 2018 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: Wanting to buy on the dip today didn't workout
Replies: 44
Views: 5890

Re: Wanting to buy on the dip today didn't workout

One possibility is to exchange a fund within your Roth (say a bond fund) for a stock fund. This would have the effect of "buying" the stock fund at it's current value. Then, when the $4000 is transferred in a few days, repurchase $4000 in the bond fund. Bond funds are a lot less volatile, so there w...
by David Jay
Thu Dec 06, 2018 2:15 pm
Forum: Investing - Theory, News & General
Topic: S&P undulations across time
Replies: 8
Views: 664

Re: S&P undulations across time

First, a question, is the chart you are using a chart for the "SP500 Index" or "SP500 Total Return"? An easy way to approximate SP500 Total Return is to use the Morningstar graph of VFINX which shows it in relation to SP500 Total Return. Second, most people in their accumulation phase do not put a f...
by David Jay
Thu Dec 06, 2018 12:09 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard advisor suggesting 90/10
Replies: 41
Views: 3073

Re: Vanguard advisor suggesting 90/10

There is nothing wrong with 90/10, but if the market tanks, will you panic and change the asset allocation(AA)? That, Detective, is the right question (quote: "I Robot"). At your age and duration (don't need the funds until retirement), asset allocation is a balance between return and your personal...
by David Jay
Thu Dec 06, 2018 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Help needed with contribution limits
Replies: 5
Views: 368

Re: Help needed with contribution limits

Welcome to the forum! If I do the backdoor Roth IRA of $5500, does it count towards that annual limit? Let me take this one. An after-tax contribution to an IRA is always allowed and does not contribute to any cap. You may do one (and then convert to Roth) regardless of other retirement contribution...
by David Jay
Tue Dec 04, 2018 9:13 pm
Forum: Local Chapters and Bogleheads Community
Topic: West Michigan Bogleheads Chapter - chat
Replies: 41
Views: 2917

Re: West Michigan Bogleheads Chapter - chat

No, these last few weeks of work have gotten very busy. Then there is the busy-ness of the Holidays.

I am not going to set up any meetings until after retirement (January 15th).
by David Jay
Tue Dec 04, 2018 9:09 pm
Forum: Investing - Help with Personal Investments
Topic: Using options in a retirement portfolio
Replies: 27
Views: 1355

Re: Using options in a retirement portfolio

Welcome to the forum.

You are going to find a lot of support here for #1. Because it is who we are. Here is the Boglehead philosophy: https://www.bogleheads.org/wiki/Boglehe ... philosophy
by David Jay
Tue Dec 04, 2018 9:58 am
Forum: Investing - Help with Personal Investments
Topic: Vang Wellesley for Retirement
Replies: 37
Views: 4276

Re: Vang Wellesley for Retirement

I am thinking putting all my 401k assets into Wellesley other then a 4 year spending cash account that I will drip fill from dividends from Wellesley. In years where capital gains are positive I may take some off the table to assist in the cash account. Thoughts ? Are you still working? You only sp...
by David Jay
Mon Dec 03, 2018 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Converting Trad IRA $'s to Roth
Replies: 5
Views: 510

Re: Converting Trad IRA $'s to Roth

The fundamental calculation is the same as always: Convert when your tax rate is lower. If it is lower between retirement and start of SS, convert then. If lower after start of RMD, convert then. The complicating factors are Social Security taxation and RMDs. Those may be harder to figure out. I thi...