Search found 39 matches

by ifish100
Fri Jan 22, 2021 8:39 pm
Forum: Personal Investments
Topic: Asset Location and income in retirement
Replies: 5
Views: 917

Re: Asset Location and income in retirement

Ok thank you livesoft. I have read a lot of your posts in the past, always sound advice.
by ifish100
Thu Jan 21, 2021 5:11 pm
Forum: Personal Investments
Topic: Asset Location and income in retirement
Replies: 5
Views: 917

Re: Asset Location and income in retirement

Thank you "random" for the reply. It seems like just going to 100% bonds in the Tax Deferred would make sense. That would provide my bond allocation, then I can buy more stocks over time in taxable to bring my overall allocation back into balance. When I move the 200k in stocks in the 401k...
by ifish100
Wed Jan 20, 2021 1:21 pm
Forum: Personal Investments
Topic: Asset Location and income in retirement
Replies: 5
Views: 917

Asset Location and income in retirement

I have about 60% of my investment money in taxable, 38% in tax deferred, and 2% in tax free. I am 61 and still work. I have been trying to follow the guidelines of having taxable bonds in tax deferred, and having stocks in taxable. I currently have about 200K in tax deferred (401K) that is in stocks...
by ifish100
Tue Oct 06, 2020 7:38 pm
Forum: Personal Investments
Topic: Life Strategy Fund Tax Implications
Replies: 31
Views: 2517

Re: Life Strategy Fund Tax Implications

It was a smart move asking this question, I made a mistake with this myself. As some others have pointed out... I would avoid the Lifestrategy funds for the following reasons: 1) Put the bonds in the tax deferred area to avoid paying taxes on the dividends as they are paid out each year, if you have...
by ifish100
Thu Feb 27, 2020 11:10 pm
Forum: Personal Investments
Topic: 3-fund portfolio vs Lifestratey Growth Fund
Replies: 22
Views: 2776

Re: 3-fund portfolio vs Lifestratey Growth Fund

You should read up on asset location. The Life Strategy fund keeps a constant asset allocation between stock percentage and bond percentage. Since this is going to be in taxable, that will mean the bond portion will pay dividends each year and if reinvested, you will have to pay income taxes on them...
by ifish100
Tue Jan 28, 2020 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance Data
Replies: 71
Views: 3294

Re: Long Term Care Insurance Data

Thank you wow 2012. That is good information.
by ifish100
Mon Jan 27, 2020 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance Data
Replies: 71
Views: 3294

Re: Long Term Care Insurance Data

wow2012 you seem to be very knowledgeable on the topic of LTC insurance. - It sounds like the pot of money is the concept, the $ amount, not the 5 years or 3 years etc. - It sounds like there is only (1) 90d exclusion, not one for each instance. - The details on tips for getting claims processed qui...
by ifish100
Mon Jan 27, 2020 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance Data
Replies: 71
Views: 3294

Re: Long Term Care Insurance Data

Thank you d0gerz and HereToLearn. Clear answers to the pot of money question and the 90d waiting period. I will engage the insurance agent and get into the nitty gritty, I know better what to look for. It seems like the big things are the 2 ADL assessment and how big the pot of money is that is gues...
by ifish100
Sun Jan 26, 2020 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance Data
Replies: 71
Views: 3294

Re: Long Term Care Insurance Data

A correction it should be $250/day as corrected below. (Not $250K/day).

2) I did some further research on the www.ltcfeds.com website and did estimates of the following conditions… all with 90d waiting periods, $250/day ($7.5K per month), 3% inflation:
by ifish100
Sun Jan 26, 2020 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance Data
Replies: 71
Views: 3294

Re: Long Term Care Insurance Data

Thank you again. Follow-up questions. I read through the replies. 1) Although I have not studied the references made, some of them probably answer the original question about the percentages of the general population that go to a nursing home and have stays> 12, 24, 36 months etc. 2) I did some furt...
by ifish100
Sun Jan 26, 2020 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance Data
Replies: 71
Views: 3294

Long Term Care Insurance Data

I have been researching long term care insurance, on the web, youtube, and some of the company sites, along with Bogleheads. I am considering self-insuring after reading through most of the material. My self-insurance idea is to set aside first a lump sum, then augment that with monthly payments ess...
by ifish100
Sat Nov 09, 2019 6:16 pm
Forum: Personal Consumer Issues
Topic: Was I ripped off at the car dealership?
Replies: 73
Views: 7408

Re: Was I ripped off at the car dealership?

I do most of my own mechanical work on my vehicles. Without the normal 25% discount, the cost for a Ford F-150 oil pan gasket for the part itself at Advance Auto is $29. The highest priced one without the 25% normal discount is $66. The website that states the part itself is $274 is giving misleadin...
by ifish100
Sun Oct 27, 2019 9:01 pm
Forum: Personal Investments
Topic: Question about Traditional IRA
Replies: 17
Views: 1204

Re: Question about Traditional IRA

Thank you that makes sense. I thought that would be the case. Another thought I had was I could transfer my IRA into the 401k at work, that way I would not have that "tainted" Traditional IRA preventing me from just doing a Backdoor Roth each year until 65 (because I would not have an IRA)...
by ifish100
Sun Oct 27, 2019 6:54 pm
Forum: Personal Investments
Topic: Question about Traditional IRA
Replies: 17
Views: 1204

Question about Traditional IRA

I have a pretty simple question about Traditional IRAs. I am nearing 60 years old, wife same age. I plan to retire at 65. We both have Traditional IRAs at Vanguard. Mine: $265k, $76.4k of it are non deductible contributions, so this means $188.6k of it is growth and deductible contributions (71% of ...
by ifish100
Mon Sep 23, 2019 6:31 pm
Forum: Personal Investments
Topic: My stock options are expiring soon!
Replies: 21
Views: 1982

Re: My stock options are expiring soon!

+1. Milktoast has it right. I always like the reality check logic too... if your exercise and sell would yield you say a net $100,000 cash... and your company is Megacorp1... would you go out tomorrow and buy $100K of Megacorp 1? I bet you would not, otherwise you would probably be buying some each ...
by ifish100
Sun Jun 30, 2019 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Own too much employer stock, should I sell?
Replies: 31
Views: 2607

Re: Own too much employer stock, should I sell?

I forgot to add.... I would work toward reducing the exposure to less than 5%, over a say 3 year time frame, that should help spread out the tax burden yet reduce the risk in pretty short order.
by ifish100
Sun Jun 30, 2019 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Own too much employer stock, should I sell?
Replies: 31
Views: 2607

Re: Own too much employer stock, should I sell?

I think you are carrying too much risk and there are many different kinds of risk. If your stock goes down and the market is down, layoffs could loom and right when you need the options, they could be very low and you might have to sell them in 3 months or they could even be worth nothing, and you w...
by ifish100
Mon Feb 18, 2019 9:54 pm
Forum: Personal Investments
Topic: “Won the Game” how do you know?
Replies: 96
Views: 9797

Re: “Won the Game” how do you know?

There are a number of good points here about "winning the game" and the idea that you can still enjoy life while you are still in good health, that is certainly important. Another important aspect of winning the game is to win it EARLY, because your ability to win the game gets tougher in ...
by ifish100
Sun Dec 02, 2018 6:39 pm
Forum: Personal Consumer Issues
Topic: Has anyone on this board painted over wallpaper?
Replies: 46
Views: 3459

Re: Has anyone on this board painted over wallpaper?

I would not paint over it. Unless that is a huge room it should not cost $1800. If you have some basic skill you can remove it yourself, I have done it several times. As people have said... - Score it well with a scorer - Then spray Zinzer on it, soak it well and let it sit, quite a while maybe 15 m...
by ifish100
Fri Nov 30, 2018 8:11 pm
Forum: Personal Consumer Issues
Topic: ‘01 Honda Odyssey: won’t start, needs $2700 repair. Junk it or fix?
Replies: 65
Views: 4909

Re: ‘01 Honda Odyssey: won’t start, needs $2700 repair. Junk it or fix?

Assuming the car is in otherwise good shape, has been garage kept etc. I would do what some others recommended take it to an independent shop to get another opinion. Having just traded vans, they are very expensive, and a Honda van that you know and is in great shape otherwise could be worth repairi...
by ifish100
Sun May 27, 2018 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Buy an old farmhouse?
Replies: 52
Views: 6804

Re: Buy an old farmhouse?

I read the original OP post again. It seems like there are really two things being combined, and perhaps separating them could result in a better decision. 1) Moving into an old house in the country 2) Moving to a house in the country. I grew up on a farm, and still own it. I now live a suburban lif...
by ifish100
Fri Mar 30, 2018 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Should I loan my child money for college?
Replies: 73
Views: 7135

Re: Should I loan my child money for college?

After having just paid for my kid's undergrad school 100%... and myself being in the mode of having paid 100% of my own college education.... I would say let her take out the loan and help her make payments later if you want to, but keep any commitment to help repay quiet until she finishes school. ...
by ifish100
Sun Mar 18, 2018 6:01 pm
Forum: Personal Consumer Issues
Topic: how to approach downsizing/relocating
Replies: 19
Views: 2299

Re: how to approach downsizing/relocating

I strongly agree with Watty and the other post about the importance of healthcare and being near a large or at least medium size city in your later years for medical care. I experienced that with both parents who lived over 2 hrs away from two medium size cities and 2 hrs from a large city. It requi...
by ifish100
Tue Mar 06, 2018 10:39 pm
Forum: Personal Consumer Issues
Topic: re-siding house - vinyl or hardiplank?
Replies: 54
Views: 7438

Re: re-siding house - vinyl or hardiplank?

My previous house had T-111 wood siding and wood windows. Lots of maintenance in particular the windows. Painting windows about every 3 years, siding every 5-7 years. I had it down to an art repainting in 3 days with my electric sprayer and power roller back brushing it, using high quality paint. Cu...
by ifish100
Mon Jan 01, 2018 7:39 pm
Forum: Personal Consumer Issues
Topic: Long Term House—Any Regrets on things you didn’t do?
Replies: 48
Views: 7517

Re: Long Term House—Any Regrets on things you didn’t do?

Lived 14 years in previous house and 14 years in current house. Wins 1) Current house has vinyl siding and vinyl windows. Previous house had wood windows and T111 wood siding. Really like the vinyl siding and like the vinyl windows even more, realizing many people will probably dislike vinyl siding....
by ifish100
Wed May 24, 2017 6:33 pm
Forum: Personal Consumer Issues
Topic: Advice on kid's precalc learning
Replies: 47
Views: 5354

Re: Advice on kid's precalc learning

I taught my son Precalc and Calculus 1 as a Sr in High School. I used the same books taught in college for Pre-calc and Calculus. He struggled with Precalc on his own in college, but for him the key was when he was in high school he was only 16 when taking it, when taking it in college as Precalc he...
by ifish100
Fri Mar 24, 2017 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Wife Getting PHD. Should I open a 529 Account
Replies: 6
Views: 1709

Re: Wife Getting PHD. Should I open a 529 Account

One suggestion I would have, given the following: * Since the time is likely limited it will take to get the PhD, say 3 to 5 years, it is not the same as a typical child that it may be 18 years before they go to school. The benefits of the growth being tax free is limited in your case. * It sounds a...
by ifish100
Sun Mar 12, 2017 8:13 pm
Forum: Personal Consumer Issues
Topic: Impact driver (and possibly drill) recommendations
Replies: 36
Views: 4166

Re: Impact driver (and possibly drill) recommendations

I bought a corded Porter Cable impact driver from Lowes about 3 years ago. I drove all the screws with it for a big back yard fence project. It worked flawlessly for that whole project and still does. I do not find it too difficult to simply run an extension cord for things I do, no batteries to cha...
by ifish100
Sun Mar 12, 2017 7:59 pm
Forum: Personal Consumer Issues
Topic: Flooring for Basement
Replies: 36
Views: 5613

Re: Flooring for Basement

In my old house I finished the basement, drywall, insulation, and carpet. A lot of work and $. About a year later the basement flooded, very large mess. We wound up taking up the carpeting and installing industrial vinyl floor tile with mastic (adhesive). I did it myself and it came out great. It no...
by ifish100
Fri Feb 03, 2017 8:12 pm
Forum: Personal Investments
Topic: Portfolio too heavy with Stock Options
Replies: 10
Views: 1610

Re: Portfolio too heavy with Stock Options

OP, My personal take on it, is if your options are 25% of your portfolio, there are a lot of good reasons for concern. In my case my options were at one time 50% of my net worth, now... over about a 7 year period I have worked them down to under 5%, I sleep a lot better. To me things of concern with...
by ifish100
Tue Nov 01, 2016 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: term life insurance at work and taxes to beneficiary
Replies: 6
Views: 1288

Re: term life insurance at work and taxes to beneficiary

ok. Thanks everyone, very helpful. That makes sense with what I had always thought, the beneficiary would receive the full amount, no taxes to the beneficiary.
by ifish100
Mon Oct 31, 2016 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: term life insurance at work and taxes to beneficiary
Replies: 6
Views: 1288

term life insurance at work and taxes to beneficiary

I have a question regarding group term life insurance through an employer. - Mid 50's - Work at Megacorp I always thought life insurance would be tax free to beneficiaries, as long as the estate was under $5M. In this year's benefit enrollment the HR person stated that after the first $50K, the bene...
by ifish100
Wed Mar 16, 2016 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Physics major question
Replies: 53
Views: 6363

Re: Physics major question

OP here. Thanks everyone for your outstanding thoughtful responses. There are a lot of options here. If I boil down most of the responses, fundamentally: 1) If he wants to really be into Physics, go directly into a PhD program, and select one that offers him a stipend and pays for his tuition. 2) If...
by ifish100
Tue Mar 15, 2016 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Physics major question
Replies: 53
Views: 6363

Physics major question

I have a request for advice regarding Physics as a major. A friend of mine recently graduated with a BS degree in Physics in May 2015. It took him almost 9 months to find a job, working in a non related field making $12 per hour. He had no job offers in the Physics field. He is 22. He has about $60,...
by ifish100
Thu Nov 26, 2015 12:01 pm
Forum: Personal Consumer Issues
Topic: Induction Range Worth the Price?
Replies: 17
Views: 3142

Re: Induction Range Worth the Price?

I read through most of the posts. My wife and I bought a Kenmore Elite series Induction range about 3 years ago. Love it. We bought the floor model for 1/2 off and the 6 year extended warranty. We had an electric flattop before that. The comparison in how fast you can bring a large pot of water to a...
by ifish100
Mon Sep 07, 2015 8:25 am
Forum: Personal Investments
Topic: Backdoor Roth confusion
Replies: 13
Views: 1377

Re: Backdoor Roth confusion

Thank you to those who responded, that agrees with what other people had told me (it seems to be about 8 sources now saying it is one way, and the 1 advisor with the incorrect information): 1) In order to do the backdoor Roth I would need to liquidate that old Traditional IRA that I had. 2) I could ...
by ifish100
Fri Sep 04, 2015 8:28 pm
Forum: Personal Investments
Topic: Backdoor Roth confusion
Replies: 13
Views: 1377

Backdoor Roth confusion

I received some confusing advice today, I would like to see if some fellow Bogleheads could help, as I am sure some other people have done this before. My income level is beyond being able to contribute each year to a Roth IRA. As such I was going to try to set up a backdoor Roth strategy. After rea...
by ifish100
Fri Jun 05, 2015 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Banker/Attorney (loan) question
Replies: 14
Views: 1869

Re: Banker/Attorney (loan) question

OP here. Lots of good feedback so far. To answer some of the questions: 1) We have one attorney in the Club now, but she is more of a criminal defense attorney not someone dealing in more of these business type matters. We also had a VP of a local bank but he moved away. Also personally I think on t...
by ifish100
Thu Jun 04, 2015 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Banker/Attorney (loan) question
Replies: 14
Views: 1869

Banker/Attorney (loan) question

I am a member of a fishing club. We have 100 members on a small 15 acre lake in Iowa, 35 acres of land. 60 of the members have cabin sites on the lake. Each member owns the cabin, but not the land it sits on. The club has leased the land for over 40 years. The current owner of the land that we lease...