Search found 248 matches

by PaulF
Wed Jul 08, 2020 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Longevity Annuity Purchase Timing w/ Today's Rates
Replies: 19
Views: 1147

Re: Longevity Annuity Purchase Timing w/ Today's Rates

jimkinny wrote:
Wed Jul 08, 2020 6:33 am
PaulF, thanks

Jim
You are welcome. I am just doing my best to keep learning! It gave me a chance to review Pfau and reinforce what I think I gleaned from it...
by PaulF
Tue Jul 07, 2020 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Longevity Annuity Purchase Timing w/ Today's Rates
Replies: 19
Views: 1147

Re: Longevity Annuity Purchase Timing w/ Today's Rates

I will provide a longish quote from Wade Pfau's Safety-First Retirement book. I think I am still within fair-use guidelines. All typos are due to my mistakes, and I will add emphases as I see fit. We looked at longevity insurance as it applies to a sixty-five-year-old female purchasing a deferred i...
by PaulF
Tue Jul 07, 2020 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Longevity Annuity Purchase Timing w/ Today's Rates
Replies: 19
Views: 1147

Re: Longevity Annuity Purchase Timing w/ Today's Rates

I will provide a longish quote from Wade Pfau's Safety-First Retirement book. I think I am still within fair-use guidelines. All typos are due to my mistakes, and I will add emphases as I see fit. We looked at longevity insurance as it applies to a sixty-five-year-old female purchasing a deferred i...
by PaulF
Tue Jul 07, 2020 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Longevity Annuity Purchase Timing w/ Today's Rates
Replies: 19
Views: 1147

Re: Longevity Annuity Purchase Timing w/ Today's Rates

I will provide a longish quote from Wade Pfau's Safety-First Retirement book. I think I am still within fair-use guidelines. All typos are due to my mistakes, and I will add emphases as I see fit. We looked at longevity insurance as it applies to a sixty-five-year-old female purchasing a deferred in...
by PaulF
Tue Jul 07, 2020 9:31 am
Forum: Personal Investments
Topic: TIAA CREF Monte Carlo Simulations
Replies: 30
Views: 1430

Re: TIAA CREF Monte Carlo Simulations

I was hoping to see if anyone knew what assumptions were made by TIAA-CREF. I would not be surprised it the TIAA person was just using something they found on the web and not an officially-sanctioned TIAA piece of software. If you ended up communicating with a different person at TIAA, then you mig...
by PaulF
Mon Jul 06, 2020 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: Longevity Annuity Purchase Timing w/ Today's Rates
Replies: 19
Views: 1147

Re: Longevity Annuity Purchase Timing w/ Today's Rates

> The annuity price increases as I get older due to expiration of some mortality credits Umm, no? The older you are the larger the monthly payout for a given amount of money. True, but that is not what the OP was referring to. I grant you it is a little counterintuitive. The earlier you start, the ...
by PaulF
Sun Jun 21, 2020 10:50 am
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 426
Views: 49438

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Thank you Brian and Mike. That feature is a significant enhancement. Just wonderful.
by PaulF
Tue Jun 02, 2020 9:31 pm
Forum: Personal Investments
Topic: Withdrawal Strategy
Replies: 27
Views: 2931

Re: Withdrawal Strategy

Totally a minor point, but just so you know: Supplemental Security Income (SSI) is a Federal income supplement program funded by general tax revenues (not Social Security taxes): It is designed to help aged, blind, and disabled people, who have little or no income; and It provides cash to meet basic...
by PaulF
Mon Apr 20, 2020 10:14 pm
Forum: Personal Investments
Topic: Combining Investments with Actuarial Science
Replies: 26
Views: 1823

Re: Combining Investments with Actuarial Science

All these helpful comments greatly appreciated! Next steps is to get more educated. But here's a summary of my new understanding: - Avoid whole life. High fees. Obscured fees. Complexity. Additional complexity mixing insurance with investment. - Buy term life (if life insurance required). - The act...
by PaulF
Mon Apr 20, 2020 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Strategy With 2020 RMD's Waived
Replies: 14
Views: 1547

Re: Strategy With 2020 RMD's Waived

PinotGris wrote:
Sun Apr 19, 2020 9:39 pm
Is the IRMA tier tied to the tax brackets?
No, the tiers are specified in other parts of the code: https://www.federalregister.gov/documen ... g-coverage
by PaulF
Fri Apr 17, 2020 11:42 pm
Forum: Personal Investments
Topic: Combining Investments with Actuarial Science
Replies: 26
Views: 1823

Re: Combining Investments with Actuarial Science

d. However, when the market is down there's risk that the income draw also reduces the 401k account value making it harder for the 401k to recover and grow. e. The overall argument (as I understand it) is to draw income from another investment when the market is down to give the 401k time to recove...
by PaulF
Thu Mar 19, 2020 8:04 pm
Forum: Investing - Theory, News & General
Topic: Stocks and/or ETF/Mutual Fund Investing Wisdom Requested
Replies: 10
Views: 506

Re: Stocks and/or ETF/Mutual Fund Investing Wisdom Requested

Capiche! Well, I'll be back then with many questions over time. I have one question right now. I opened a taxable account with Vanguard Monday and put 12K in it. Should I not bother at this stage in my development, or would it be okay to put this money in a total market stock index fund which I jus...
by PaulF
Thu Mar 19, 2020 4:58 pm
Forum: Investing - Theory, News & General
Topic: Stocks and/or ETF/Mutual Fund Investing Wisdom Requested
Replies: 10
Views: 506

Re: Stocks and/or ETF/Mutual Fund Investing Wisdom Requested

Thanks Paul! This is exactly what I was looking for. It's tough coming in blind because there's so much info spread over so many posts and the way posters speak when they are well-steeped in this knowledge is just a little over my head. From what I can tell just by perusing that link you gave me, t...
by PaulF
Thu Mar 19, 2020 11:08 am
Forum: Investing - Theory, News & General
Topic: Stocks and/or ETF/Mutual Fund Investing Wisdom Requested
Replies: 10
Views: 506

Re: Stocks and/or ETF/Mutual Fund Investing Wisdom Requested

I have one follow-up question to you, if I may. What do Bogleheads do if they have maxed out their contributions to their tax advantaged retirement accounts and still have extra money laying around (from living below their means) and want to do some investing with it? Do they open up a taxable acco...
by PaulF
Wed Mar 18, 2020 9:59 pm
Forum: Investing - Theory, News & General
Topic: Stocks and/or ETF/Mutual Fund Investing Wisdom Requested
Replies: 10
Views: 506

Re: Stocks and/or ETF/Mutual Fund Investing Wisdom Requested

I know you don't mean to do so, but you are coming onto the BH site and asking for stock-picking tips! This forum is not about that. We honestly would be happy to help you meet your late-blooming goals. Suffice it to say that the approach that intuitively appeals to you (Buy the beaten down stocks!)...
by PaulF
Mon Mar 16, 2020 10:47 pm
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 196046

Re: Preferred greeting with clients for social distancing, elbow bump or other?

Just a brief, soulful kiss. No lingering.
by PaulF
Mon Mar 16, 2020 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Staying Grateful
Replies: 5
Views: 785

Re: Staying Grateful

Absolutely! I worry about my health aides, they aren't paid much to begin with, and I am probably going to pay them directly if they can't come to me. I am very grateful for their loyalty to me, and I would hate to see them stressed if the healthcare company suspends their jobs for any reason. My o...
by PaulF
Fri Mar 06, 2020 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Est benefits question
Replies: 11
Views: 1256

Re: Social Security Est benefits question

Our own neurosphere has a nice one here: https://www.bogleheads.org/forum/viewtopic.php?f=2&t=262772&start=50#p4791837 Also, there is a similar one as part of the Case Study/Personal Finance Toolbox/Cashflow spreadsheet: https://www.bogleheads.org/wiki/Tools_and_calculators#Personal_finance_toolbox ...
by PaulF
Wed Mar 04, 2020 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Is "buy in" to a CCRC deductible as a medical expense?
Replies: 57
Views: 2812

Re: Is "buy in" to a CCRC deductible as a medical expense?

But wow, if you did want to pony up say 300k or 400k for an entrance fee to a CCRC, you could do a huge Roth conversion that year, and if nothing else, make your heirs happy. That is true only if you were funding the entrance fee from post-tax sources. I imagine most of us with sizable tax-deferred...
by PaulF
Tue Mar 03, 2020 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: Is "buy in" to a CCRC deductible as a medical expense?
Replies: 57
Views: 2812

Re: Is "buy in" to a CCRC deductible as a medical expense?

But wow, if you did want to pony up say 300k or 400k for an entrance fee to a CCRC, you could do a huge Roth conversion that year, and if nothing else, make your heirs happy. That is true only if you were funding the entrance fee from post-tax sources. I imagine most of us with sizable tax-deferred...
by PaulF
Tue Mar 03, 2020 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: What % of total assets do YOU have in DAF?
Replies: 13
Views: 924

Re: What % of total assets do YOU have in DAF?

I think of it more in terms of "years of expected donations." The entire reason to fund a DAF in my opinion is to bunch the itemized deduction into one year, while taking the standard deduction in other years. So my question to myself is how often does it make sense to bunch? The answer is complicat...
by PaulF
Thu Feb 27, 2020 11:54 pm
Forum: Personal Investments
Topic: Time to Rebalance?
Replies: 2
Views: 426

Re: Time to Rebalance?

I've seen IPS examples that say to rebalance if stock/bond percentages get out of whack by more than 2.5% or 5%. We've centainly exceeded that and more this week! Don't be so sure. It takes a lot of motion on, say, the stock side of the equation to amount to a given movement on the overall AA. Let'...
by PaulF
Thu Feb 27, 2020 11:43 pm
Forum: Personal Investments
Topic: How is AA across multiple accounts easier/simpler than mirrored AA?
Replies: 13
Views: 800

Re: How is AA across multiple accounts easier/simpler than mirrored AA?

I just don't see how this isn't the easiest scenario for a majority of people considering all the 401K/403b/etc options I see people post these days. Am I mistaken in this? Am I just lucky in my accounts/options? Perhaps the latter. The conventional wisdom was, IMHO, born of an age where it was not...
by PaulF
Mon Feb 24, 2020 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security reduction and breakeven
Replies: 67
Views: 5564

Re: Social Security reduction and breakeven

Now, I guess one could argue that the un-mortality BE is a 'BE if you live that long'.... I will say that this is how I (naively?) have always understood it, in analogy to the general business sense of the "breakeven point." I.e., I have to sell 2200 of these units to cover my fixed costs, so 2200 ...
by PaulF
Sun Feb 23, 2020 11:35 pm
Forum: Investing - Theory, News & General
Topic: 4% SWR: It is not a rule and it is not safe (anymore).
Replies: 273
Views: 18923

Re: 4% SWR: It is not a rule and it is not safe (anymore).

I'd say that's a fair attitude -- this isn't anything that causes any physical/emotional stress. But it is also worth realizing how much of a waste the current system is. Where if it ever comes up in conversation and someone is interested you can let them know they are being cheated out of hundreds...
by PaulF
Sat Feb 22, 2020 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Net present value of mortgage considering inflation
Replies: 28
Views: 1582

Re: Mortgage vs no mortgage break even w/ inflation

With fixed rate debt, the interest rate is always the same. Saying you pay more in interest in the first years is like saying the sky is blue. The loan is larger in the earlier years, but the rate on the balance is always 3%. Throwing out numbers like 59% and implying that they relate at all to 3% ...
by PaulF
Sat Feb 22, 2020 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security reduction and breakeven
Replies: 67
Views: 5564

Re: Social Security reduction and breakeven

There are two ways to answer this, though they both actually say the same thing. 1) A general premise of finance is that the discount rate in any PV calculation should be a function of risk. That is, it should be the expected return we'd get on something else with a similar level of risk. 2) The as...
by PaulF
Sat Feb 22, 2020 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Net present value of mortgage considering inflation
Replies: 28
Views: 1582

Re: Mortgage vs no mortgage break even w/ inflation

Now, if you want to discuss how to make more money, then all the invest vs. mortgage silliness comes into play. That is a horse that has been beaten, shot, stabbed, poisoned and Corona virused to death on all fora (it even came up on a BMW forum I am on). BMW forum?!?! This is BH. You need to sell ...
by PaulF
Sun Feb 16, 2020 10:32 pm
Forum: Investing - Theory, News & General
Topic: When did (will) your accumulation phase end?
Replies: 36
Views: 3397

Re: When did (will) your accumulation phase end?

In answer to your updated question: For me, the transition came in a fairly short period due to unrelated developments, one happy, one sad. The happy one was that my wife and I both got large (~20%) raises, which in turn meant that our pensions would be ~20% higher than planned (provided we worked f...
by PaulF
Thu Feb 13, 2020 9:03 pm
Forum: Personal Investments
Topic: Delays in Vanguard Charitable?
Replies: 9
Views: 686

Re: Delays in Vanguard Charitable?

I was in a hurry on my last answer. I said the EIN was provided; in fact, the organization was listed among their charities. (Okay, it was the Roman Catholic Archdiocese of Philadelphia, fer crying out loud! Not a small operation.) Yeah, I agree, if I want to get to the bottom of it, I must call the...
by PaulF
Thu Feb 13, 2020 6:23 pm
Forum: Personal Investments
Topic: Delays in Vanguard Charitable?
Replies: 9
Views: 686

Re: Delays in Vanguard Charitable?

Gill wrote:
Thu Feb 13, 2020 5:17 pm
Was the check to an established charity or did VC have to do considerable research?
Gill
Good question. No, it was a large established charity with an EIN number provided.
by PaulF
Thu Feb 13, 2020 4:51 pm
Forum: Personal Investments
Topic: Delays in Vanguard Charitable?
Replies: 9
Views: 686

Delays in Vanguard Charitable?

Has anyone encountered VERY slow disbursement from VG Charitable? Generally, they have been very quick to send out checks, maybe 2 or 3 three days after my request. Last year, on 11/2/2019, I sent a request, and the check was not sent out until 1/30/2020! (It didn't clear until 2/10, but I don't sup...
by PaulF
Wed Feb 12, 2020 9:50 am
Forum: Investing - Theory, News & General
Topic: Turning 62 and SS alternatives
Replies: 60
Views: 3526

Re: Turning 62 and SS alternatives

I would like to point out that the reason you have not gotten an answer to your question is that it is absolutely not answerable with the information we have in front of us. As you point out, there are multiple factors, and they interact. Upthread, I spoke of levelizing income. That is just a crude ...
by PaulF
Wed Feb 12, 2020 9:17 am
Forum: Investing - Theory, News & General
Topic: Turning 62 and SS alternatives
Replies: 60
Views: 3526

Re: Turning 62 and SS alternatives

It is about the best funding mechanism to use when delaying SS. I have listed three options, which have different tax treatments short and long term. That is what I want to get an answer to. The best funding mechanism is employment. You haven't provided enough details to determine what would be mos...
by PaulF
Tue Feb 11, 2020 11:19 pm
Forum: Investing - Theory, News & General
Topic: Turning 62 and SS alternatives
Replies: 60
Views: 3526

Re: Turning 62 and SS alternatives

Can I see if I understand your question? I infer that you are retiring at 62, and wish to delay filing for SS until later. (You mention FRA, but perhaps you should consider age 70.) You keep referring to "replacing SS," which I think is confusing the matter. Essentially, I infer you are asking which...
by PaulF
Sat Feb 08, 2020 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: Making a fixed annuity/pension last 40 years
Replies: 9
Views: 1097

Re: Making a fixed annuity/pension last 40 years

I know this is awkward... but my gosh I love #Cruncher!
by PaulF
Sat Feb 08, 2020 10:15 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 360
Views: 57283

Re: Whats your number to walk away?

. . . I guess my answer goes something like this: For what I would expect to provide a basic, but reasonably comfortable, retirement : $2.5 million total portfolio, with at least $1.75 million of that in a taxable account and the remainder in IRAs. For what I would expect to provide a very nice, mo...
by PaulF
Fri Feb 07, 2020 10:06 am
Forum: Personal Finance (Not Investing)
Topic: long term care insurance versus self-insuring
Replies: 98
Views: 5380

Re: long term care insurance versus self-insuring

I think Kitces puts his finger on the problem here: https://www.kitces.com/blog/can-increasing-the-long-term-care-insurance-elimination-period-make-coverage-appealing-again/ Basically, LTCI has morphed from "insurance proper” (where you hedge against catastrophic outcomes, but bear the risk of moder...
by PaulF
Thu Feb 06, 2020 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: long term care insurance versus self-insuring
Replies: 98
Views: 5380

Re: long term care insurance versus self-insuring

TomatoTomahto wrote:
Thu Feb 06, 2020 5:25 pm
My theory is that, if I’m in a care facility, I’m not concurrently traveling, going to restaurants, buying sports cars, etc.
I see, you are aiming at "lean LTC." I am trying to plan for "fat LTC." :mrgreen:
by PaulF
Wed Feb 05, 2020 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: California East Bay, Place to live and commute to Oakland, CA
Replies: 74
Views: 5029

Re: California East Bay, Place to live and commute to Oakland, CA

I once lived on the Berkeley/Oakland border, in "the last house in Oakland." (We lived in Oakland, but all of our neighbors, in every direction save one, were in Berkeley.) This is the Rockridge/Claremont area, and it was lovely. However, if I could afford it, I would opt for the northern part of Be...
by PaulF
Thu Jan 30, 2020 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Goal of Early Retirement?
Replies: 29
Views: 3604

Re: Goal of Early Retirement?

I am 22 yrs old and was wondering if there was sometype of investment "path" when the goal was early retirement say 25-30yrs. Yes. Save enough and invest aggressively enough so that you can live on the assets for 60-70 years. It's a pretty narrow path. It was unclear to me whether the OP is looking...
by PaulF
Thu Jan 30, 2020 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: PSA: schedule your tax deductible transactions
Replies: 3
Views: 522

Re: PSA: schedule your tax deductible transactions

As rkhusky points out, those will be deductible in 2020. For many, it actually helps to "bunch" deductible expenses, so that you take the standard deduction and an itemized deduction in alternating years.
by PaulF
Thu Jan 16, 2020 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Can we retire?
Replies: 120
Views: 11415

Re: Can we retire?

bltn wrote:
Thu Jan 16, 2020 5:15 pm

And one final consideration. When the market corrects, and your retirement funds lose maybe 20% in value, do you have a plan to accommodate the downturn?

You mean like when a 50% market crash causes his withdrawal rate to soar/spike to 3.2% ?
by PaulF
Wed Jan 15, 2020 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Can we retire?
Replies: 120
Views: 11415

Re: Can we retire?

Another question for the group: Considering we already have a large sum in our IRAs and 401ks, and considering RMDs could really be large, does it make sense to continue contributing to our IRAs? Would it be wiser to invest those same moneys into a tax efficient fund in our taxable account? The IRA...
by PaulF
Wed Jan 15, 2020 12:28 pm
Forum: Personal Investments
Topic: 25x-50x living expenses?
Replies: 104
Views: 10296

Re: 25x-50x living expenses?

Hi Bogleheads. I am rewording this due to A LOT of confusion from people. Thank you GrowthSeeker. Hypothetically, if someone at retirement had accumulated a 401k of $2 mil between traditional and Roth and wanted $80k per year total money how feasible is this plan? Traditional 401k $1.2 mil Roth 401...
by PaulF
Wed Jan 15, 2020 10:59 am
Forum: Personal Investments
Topic: 25x-50x living expenses?
Replies: 104
Views: 10296

Re: 25x-50x living expenses?

Hi Bogleheads. I am rewording this due to A LOT of confusion from people. Thank you GrowthSeeker. Hypothetically, if someone at retirement had accumulated a 401k of $2 mil between traditional and Roth and wanted $80k per year total money how feasible is this plan? Traditional 401k $1.2 mil Roth 401...
by PaulF
Tue Jan 14, 2020 2:30 pm
Forum: Personal Investments
Topic: 25x-50x living expenses?
Replies: 104
Views: 10296

Re: 25x-50x living expenses?

How does one retire a $44k truck loan in 3 years at $200/wk? Did you mean 5 years? More to the point why does someone with $1.8m in assets, 45k in income, and almost zero expenses need a truck loan? The OP has STILL (after two days) not posted anticipated yearly expenses, expected SS, or any sort o...
by PaulF
Tue Jan 14, 2020 1:07 pm
Forum: Personal Investments
Topic: 25x-50x living expenses?
Replies: 104
Views: 10296

Re: 25x-50x living expenses?

How does one retire a $44k truck loan in 3 years at $200/wk? Did you mean 5 years?
by PaulF
Tue Jan 14, 2020 12:36 pm
Forum: Personal Investments
Topic: Should I set up a retirement account for my 64yo mother with no savings?
Replies: 6
Views: 698

Re: Should I set up a retirement account for my 64yo mother with no savings?

afoolwithmoney wrote:
Tue Jan 14, 2020 12:07 pm
Should we set up some tax sheltered investment account at this point?
How much is she paying in taxes now?