Search found 483 matches

by One Ping
Sun Jul 08, 2018 12:05 am
Forum: Personal Finance (Not Investing)
Topic: What rate of return are you using for retirement projections?
Replies: 99
Views: 9980

Re: What rate of return are you using for retirement projections?

Rick Ferri wrote:
Sat Jul 07, 2018 4:28 pm
I intend to update my detailed 30-year forecast this December. Until then, I’m being general and saying global equity, which includes approximately 50% US.

Rick Ferri
Rick, where will your updated forecast appear?
by One Ping
Sat Jul 07, 2018 11:33 pm
Forum: Personal Consumer Issues
Topic: Colorado Day Hike Suggestions
Replies: 21
Views: 1360

Re: Colorado Day Hike Suggestions

I'm going to be in Colorado Springs/Denver area late this week and next weekend. I'd like to do a long day hike on Saturday. I'm in pretty good shape and have done some 6-8 hour hikes but mostly at 8-10K feet. I will be solo. I will have good gear, but looking for suggestions. I'd love suggestions ...
by One Ping
Fri Jul 06, 2018 2:39 pm
Forum: Investing - Theory, News & General
Topic: Tradional IRA conversion to ROTH IRA taxable amount?
Replies: 32
Views: 1578

Re: Tradional IRA conversion to ROTH IRA taxable amount?

I dont know what after tax contribution means. If you were eligible to take a tax deduction for the entire amount of your IRA contribution, your contribution was with pre-tax dollars ... because no tax was paid on it. When you convert to Roth you thrn have to pay taxes on it. Sometimes people make ...
by One Ping
Fri Jul 06, 2018 1:39 pm
Forum: Investing - Theory, News & General
Topic: Tradional IRA conversion to ROTH IRA taxable amount?
Replies: 32
Views: 1578

Re: Tradional IRA conversion to ROTH IRA taxable amount?

Hi All, I want to convert my tradtional IRA to a Roth IRA. How much taxes will I pay at the end of the year on the conversion? My income: 70K Amount I will convert: $5000 Tax bracket: 22% Virginia state income tax: 5.75% (not sure though) Filing status: Married filing separate Can anyone give an es...
by One Ping
Thu Jul 05, 2018 10:55 pm
Forum: Personal Consumer Issues
Topic: Every Other Friday Off
Replies: 52
Views: 5514

Re: Every Other Friday Off

My employer is most likely switching to a 9/80 schedule, in which we work 80 hours in aggregate every two weeks, but get every other Friday off. I am extremely excited for this for a multitude of reasons. Has anyone else had this schedule before? How did you like it? If you were me, what would you ...
by One Ping
Wed Jul 04, 2018 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Prime Money Market vs. 'Brick & Mortar' Savings Account
Replies: 18
Views: 2946

Re: Prime Money Market vs. 'Brick & Mortar' Savings Account

Her income (pension + SS) runs about $82K/yr. That plus the taxes from the Roth Conversions I'm helping her with put her taxable income in the 22% marginal bracket. I agree with you though. Maybe I'm overthinking this too much. Any one of the funds is probably good enough. I missed it if you mentio...
by One Ping
Wed Jul 04, 2018 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Prime Money Market vs. 'Brick & Mortar' Savings Account
Replies: 18
Views: 2946

Re: Prime Money Market vs. 'Brick & Mortar' Savings Account

That said, stashing one's short-term cash in the PMMF is a pretty solid suggestion as it currently has a SEC yield of around 2.03%, which is about 20 bps more than most online savings accounts. And 1.5% higher than she's getting in her savings account. She could use the checking account that comes ...
by One Ping
Wed Jul 04, 2018 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Prime Money Market vs. 'Brick & Mortar' Savings Account
Replies: 18
Views: 2946

Re: Prime Money Market vs. 'Brick & Mortar' Savings Account

Thanks for the great feedback! Gives some perspective to what I will discuss with her next. A few comments on some of the specific items raised. Income from Treasuries is federally taxable, although free from state and local income tax. :oops: Of course, I believe you are right. ... I see nothing wr...
by One Ping
Tue Jul 03, 2018 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Prime Money Market vs. 'Brick & Mortar' Savings Account
Replies: 18
Views: 2946

Re: Prime Money Market vs. 'Brick & Mortar' Savings Account

After a little analysis, it seems the US Treasury Money Market (VUSXX) may actually be the best deal for her, at least in terms of net after tax earnings. SEC Earnings Federal Tax Free Taxable Fed Taxes AfterTax Fund Yield on $400K Obligat Earnings Earnings @ 22% Earnings VMMXX 2.04% $8,160 31.4% $2...
by One Ping
Tue Jul 03, 2018 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Prime Money Market vs. 'Brick & Mortar' Savings Account
Replies: 18
Views: 2946

Prime Money Market vs. 'Brick & Mortar' Savings Account

Question for a elder retired friend. She has $400K spread between a ‘regular’ savings account (0.50%) and several 6-month CD’s (0.35%) at a local brick & mortar bank. There is a ‘good chance’ she will need the money quickly for a house purchase within the next 3 months to a year so she really likes ...
by One Ping
Sun Jul 01, 2018 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: eliminating traditional IRA basis
Replies: 9
Views: 732

Re: eliminating traditional IRA basis

I'd like to eliminate her 8606 from my life. Can I empty the entire small tIRA one year, file the 8606 declaring the basis gone, then move the 401(k) into a new tIRA account the next year and declare no basis and thus no 8606s from then on? Yes, you can. I'm not sure what @tibbitts is writing about...
by One Ping
Sun Jul 01, 2018 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Filing Restricted SS Application - Language Check
Replies: 45
Views: 4766

Re: Filing Restricted SS Application - Language Check

My wife will be filing for restricted benefits shortly at her FRA of 66. I am already receiving my benefits and have reached FRA. Currently, my wife's medicare charges are auto deducted from our checking account. I have seen others posting about the transition from paying quarterly. Just wanted to ...
by One Ping
Sun Jul 01, 2018 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: eliminating traditional IRA basis
Replies: 9
Views: 732

Re: eliminating traditional IRA basis

I'm starting to plan IRA withdrawals, but have never made any. I'm trying to simplify my future recordkeeping. My over-60 spouse has a small amount in a traditional IRA with a basis (nondeductable contribution). It can easily be withdrawn and closed in a single year. She also has a larger amount in...
by One Ping
Tue Jun 26, 2018 2:08 pm
Forum: Personal Consumer Issues
Topic: Reason for Airlines horrible ticket policy
Replies: 32
Views: 2355

Re: Reason for Airlines horrible ticket policy

And I prefer to fly “air Mooney”. My circle is about 8 hours, equal to 24 hours or so via “air Subaru” I've thought about this. How do 'air Mooney's' amortized costs per mile (per hour?) stack up to 'air Subaru' or SWA (for example)? Have you ever done the trade? Just curious ... Would you figure a...
by One Ping
Tue Jun 26, 2018 1:37 pm
Forum: Personal Consumer Issues
Topic: Reason for Airlines horrible ticket policy
Replies: 32
Views: 2355

Re: Reason for Airlines horrible ticket policy

And I prefer to fly “air Mooney”. My circle is about 8 hours, equal to 24 hours or so via “air Subaru” I've thought about this. How do 'air Mooney's' amortized costs per mile (per hour?) stack up to 'air Subaru' or SWA (for example)? Have you ever done the trade? Just curious ... It's pretty close ...
by One Ping
Tue Jun 26, 2018 1:31 pm
Forum: Personal Consumer Issues
Topic: Reason for Airlines horrible ticket policy
Replies: 32
Views: 2355

Re: Reason for Airlines horrible ticket policy

neilpilot wrote:
Tue Jun 26, 2018 11:51 am
And I prefer to fly “air Mooney”. My circle is about 8 hours, equal to 24 hours or so via “air Subaru”
I've thought about this. How do 'air Mooney's' amortized costs per mile (per hour?) stack up to 'air Subaru' or SWA (for example)? Have you ever done the trade? Just curious ...
by One Ping
Sat Jun 23, 2018 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 345
Views: 35508

Re: What is/ was your career and would you recommend it now?

Law Enforcement. I'd never recommend it to someone who just wants a job. . . . . . Law Enforcement today is not what it was even 19 years ago when I started. It requires using a lot more technology, and you are policing on camera. Everything that you do is recorded (body cams, surveillance cams, ve...
by One Ping
Sat Jun 09, 2018 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Are you including SS in your planning model? Are the benefits really that high?
Replies: 148
Views: 12600

Re: Are you including SS in your planning model? Are the benefits really that high?

Church Lady wrote:
Sat Jun 09, 2018 7:53 pm
For Social Security, you have to pay in at least ten quarters to be eligible.
It's actually 10 years, or 40 quarters.
by One Ping
Mon Jun 04, 2018 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 638
Views: 78634

Re: How much money do you want to retire?

Bacchus01 wrote:
Mon Jun 04, 2018 7:06 am
I wasn’t thinking blindly, but thanks for the presumption
No problem, just trying to help. No offense intended.
by One Ping
Sun Jun 03, 2018 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 638
Views: 78634

Re: How much money do you want to retire?

We will have three pensions totaling about $45k/yr not cola, and SS of about $45k/yr. our expenses when the kids are out of the house are expected to be well below that, so it means we largely have to fund that time u til 65-70. Key questions that keep me thinking: medical costs, college costs, and...
by One Ping
Sat Jun 02, 2018 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 638
Views: 78634

Re: How much money do you want to retire?

We will have three pensions totaling about $45k/yr not cola, and SS of about $45k/yr. our expenses when the kids are out of the house are expected to be well below that, so it means we largely have to fund that time u til 65-70. Key questions that keep me thinking: medical costs, college costs, and...
by One Ping
Sat Jun 02, 2018 11:04 pm
Forum: Personal Consumer Issues
Topic: weighted blankets
Replies: 10
Views: 2160

Re: weighted blankets

Does anybody have experience with weighted blankets? I was thinking of getting me one to see if it helps me get a better nights sleep. I would want one that was cool. Brand? Price Point? Sizing Just did a search using 'cool weighted blanket'. Seems to be quite a few, some even mentioned alternative...
by One Ping
Fri Jun 01, 2018 10:23 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman and Small Cap Value
Replies: 140
Views: 17046

Re: Paul Merriman and Small Cap Value

Great points. If I recall correctly, SCV outperformed the broad market in something like 94% of all the rolling 20 year periods sine 1930. Looking at the data using these 6 US asset classes: LC Value, LC Blend, LC Growth, SC Value, SC Blend and SC Growth, I find that 63 out of 71 (89%) of the rolli...
by One Ping
Fri Jun 01, 2018 6:30 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman and Small Cap Value
Replies: 140
Views: 17046

Re: Paul Merriman and Small Cap Value

If over the last 90 years you were trying to convince yourself to hold on to your allocation through long periods of (relative) underperformance it seems you were more likely talking about holding on to the S&P vis-a-vis SCV, not the other way around. Great points. If I recall correctly, SCV outper...
by One Ping
Fri Jun 01, 2018 5:21 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman and Small Cap Value
Replies: 140
Views: 17046

Re: Paul Merriman and Small Cap Value

I take no issue with your data. My self-quote (I am pretty sure you can’t plagiarize yourself) was generic to tilting - too many people take on a tilt (or, say, buy a sector ETF) without an understanding - and thus an intellectual foundation - to support their position. That makes it tough when the...
by One Ping
Fri Jun 01, 2018 4:19 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman and Small Cap Value
Replies: 140
Views: 17046

Re: Paul Merriman and Small Cap Value

There will be periods of underperformance in any tilting strategy. Jumping in-and-out of various strategies is a portfolio return killer. As I just wrote on Rick Ferri’s “Simplicity” thread earlier today: " You have to believe in your allocation enough to convince yourself to stay the course though...
by One Ping
Fri Jun 01, 2018 12:27 pm
Forum: Personal Consumer Issues
Topic: Top Shelf Liquor Overrated?
Replies: 191
Views: 18481

Re: Top Shelf Liquor Overrated?

new2bogle wrote:
Fri Jun 01, 2018 11:44 am
One Ping wrote:
Thu May 31, 2018 8:41 pm
I can tell the difference too, and agree ... age is not necessarily better.

Talisker 10
Lagavulin 16
Macallan 18
Aberlour A'Bunadh

All good as far as I'm concerned.

One Ping
Did you steal my liquor cabinet! Great taste you have there :sharebeer
Sláinte :beer
by One Ping
Thu May 31, 2018 8:41 pm
Forum: Personal Consumer Issues
Topic: Top Shelf Liquor Overrated?
Replies: 191
Views: 18481

Re: Top Shelf Liquor Overrated?

I have Glengoyne 18 and 21 Macallan 12 and 18 Glendronach 12 and 18 Glenfidich 12 and 15 Balvenie 12 and 18 I can tell the difference but the older ones are not necessarily *better* tasting. They're just different and maybe a little smoother. I can tell the difference too, and agree ... age is not ...
by One Ping
Thu May 31, 2018 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: Alternative to Morningstar X-ray Tool
Replies: 14
Views: 2410

Re: Alternative to Morningstar X-ray Tool

shipwreck wrote:
Sat May 26, 2018 7:11 am
You need an account now. Used to be free to use without an account.
Do you just have to register or do you have to subscribe? :moneybag
by One Ping
Thu May 31, 2018 5:36 pm
Forum: Investing - Theory, News & General
Topic: Paul Merriman and Small Cap Value
Replies: 140
Views: 17046

Re: Paul Merriman and Small Cap Value

PS SCV does not "orbit" around the mean of TSM; it orbits around its own mean, which as far as we are aware is a greater expected return than the expected return of TSM with a greater expected volatility than that expected of TSM. dbr, you might want to take a look at research paper on Paul's site....
by One Ping
Thu May 17, 2018 6:10 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Value Premium Lives!
Replies: 39
Views: 3373

Re: Larry Swedroe: Value Premium Lives!

willthrill81 wrote:
Wed May 16, 2018 9:24 pm
Interestingly, the equities in Paul Merriman's UBH portfolio are 50% blend and 50% value, in addition to 50% large cap and 50% small cap.
... and, diversifying even further, 50% US and 50% International. :happy
by One Ping
Thu May 17, 2018 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: Friend says "Stock market will crash, invest in silver" - thoughts?
Replies: 127
Views: 9352

Re: Friend says "Stock market will crash, invest in silver" - thoughts?

Noob question :-) A highly respected friend of mine is an expert in macroeconomics, and warned me to stay away from stocks. He said that come October or March next year, there are likely to be big crashes. Well, which is it, October or March? His crystal ball must be hazy if he's not so sure. :twis...
by One Ping
Thu May 17, 2018 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA automatically determined/updated annually?
Replies: 6
Views: 629

Re: IRMAA automatically determined/updated annually?

The real risk is underestimating the 2020 MAGI value and then blowing through it. If you just use the unadjusted 2019 value ($170,000) you would probably only be leaving a few $K of potentially unused limit value on the table. Say inflation for September 2018 through August 2019 is actually 3.0%. Th...
by One Ping
Thu May 17, 2018 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA automatically determined/updated annually?
Replies: 6
Views: 629

Re: IRMAA automatically determined/updated annually?

... right? One Ping Maybe. The IRMAA tiers are supposed to resume cost of living adjustments starting in 2020. I don't know what that means yet as regards one's MAGI for 2018 and 2019... Yes, you are correct, of course. I haven't heard how that will be implemented either. Since Medicare MAGI's were...
by One Ping
Thu May 17, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA automatically determined/updated annually?
Replies: 6
Views: 629

Re: IRMAA automatically determined/updated annually?

Sec. 1839(i)(4)(B)(i) (i) In general.—In applying this subsection for an individual’s premiums in a month in a year, subject to clause (ii) and subparagraph (C), the individual’s modified adjusted gross income shall be such income determined for the individual’s last taxable year beginning in the s...
by One Ping
Thu May 17, 2018 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Can co-executor appoint an acting co-executor?
Replies: 7
Views: 661

Re: Can co-executor appoint an acting co-executor?

OP here. We have since found that she actually died intestate (bad info from her before she died, i.e., what she wanted it to be vs what it actually was.) That makes everything more straightforward, if potentially a bit more tedious.

Thanks, all.
by One Ping
Thu May 17, 2018 11:26 am
Forum: Personal Finance (Not Investing)
Topic: IRMAA automatically determined/updated annually?
Replies: 6
Views: 629

IRMAA automatically determined/updated annually?

I have not been able to find a definitive answer to this question. I have Roth conversions to do over the next several years that will cause us to 'break' the MFJ $170K IRMAA amount in at least one year. I have always presumed that for the years after that, when we are again below the $170K level, t...
by One Ping
Mon May 14, 2018 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Can co-executor appoint an acting co-executor?
Replies: 7
Views: 661

Re: Can co-executor appoint an acting co-executor?

People can decline to serve as executor. Either your friend or the eldest son could decline and allow the other person to be sole executor. Does the will have contingent executors beyond the two co-executors? If not, then the court may have to appoint someone to take his place. I don't believe he c...
by One Ping
Mon May 14, 2018 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to define "rich"?
Replies: 32
Views: 2600

Re: Best way to define "rich"?

chevca wrote:
Mon May 14, 2018 4:39 pm
Those that are truly rich don't need a definition of it, probably.
This. In other words, if you have to, or want to, ask ... you aren't.
by One Ping
Mon May 14, 2018 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Can co-executor appoint an acting co-executor?
Replies: 7
Views: 661

Can co-executor appoint an acting co-executor?

The Problem : We had a friend die last night. A mutual friend of the woman who died and ours, together with the eldest surviving son, are named as a co-executors / personal representatives. The woman who died had 3 sons total, all of whom are estranged from each other and very antagonistic toward e...
by One Ping
Wed May 02, 2018 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Ally asking CURRENT customer to provide SSN card?
Replies: 58
Views: 4666

Re: Ally asking CURRENT customer to provide SSN card?

I hope they don't ask me for mine as I lost my SS card decades ago. I have not been asked for mine since I believe my first job in high school (four decades ago). I too haven't seen mine in decades. I'm sure I couldn't find it, if I even have it, any more. One interesting thing to note, I didn't ev...
by One Ping
Tue May 01, 2018 11:16 am
Forum: Investing - Theory, News & General
Topic: Trinity Study updated to 2018
Replies: 156
Views: 17767

Re: Trinity Study updated to 2018

https://www.kitces.com/wp-content/uploads/2014/04/Retirement-Spending-Smile-Blanchett-Morningstar.png https://www.kitces.com/blog/estimating-changes-in-retirement-expenditures-and-the-retirement-spending-smile/ Interestingly, many mistakenly believe that spending goes up from age 75, but that's fal...
by One Ping
Sun Apr 29, 2018 11:20 pm
Forum: Personal Consumer Issues
Topic: My first week of cycling in Slovenia and Croatia
Replies: 16
Views: 3137

Re: My first week of cycling in Slovenia and Croatia

Miriam2 wrote:
Sun Apr 29, 2018 1:44 pm
We enjoy so much bicycling "with" you wherever you go 8-)
Ditto!! 8-) :happy
by One Ping
Sat Apr 28, 2018 11:42 pm
Forum: Forum Issues and Administration
Topic: New "Feature" Request
Replies: 3
Views: 825

Re: New "Feature" Request

The little up caret in the lower right of each post takes me back to the top of the page without having to scroll all the way back to the top.
by One Ping
Sat Apr 28, 2018 11:38 pm
Forum: Investing - Theory, News & General
Topic: White Coat Investor Interviews Paul Merriman
Replies: 37
Views: 7035

Re: White Coat Investor Interviews Paul Merriman

It's hard to convince a man who's been successfully market timing for more than 35 years that it doesn't 'work'. If you mean 'work' to be earning significantly higher returns than buy-and-hold, then Paul would say that's not what he means. By 'work', he means that he's had returns very similar to b...
by One Ping
Wed Apr 18, 2018 9:56 am
Forum: Investing - Help with Personal Investments
Topic: I want to pay off my mortgage. Am I crazy?
Replies: 54
Views: 6227

Re: I want to pay off my mortgage. Am I crazy?

bloom2708 wrote:
Wed Apr 18, 2018 8:56 am
It makes no sense to pay off a mortgage, except it is a wonderful event. Check the box. Cross if off your bucket list. Get rid of the hassle.

Pay it off.

Re-visit 1 year later. If you miss it, then get a new mortgage.
:D :beer