Search found 701 matches

by One Ping
Sun Mar 31, 2019 11:05 am
Forum: Personal Finance (Not Investing)
Topic: SS Death Notification Sufficient to 'trigger' Widow Benefit? [UPDATE 2]
Replies: 18
Views: 1636

Re: SS Death Notification Sufficient to 'trigger' Widow Benefit? [UPDATE]

Just to follow up with what actually happened ... I went to the local SS office as a walk-in last Thursday. Waited about an hour to be seen, not bad for a walk-in I thought. I had three concerns: 1) had they been notified of the death, 2) what did Mom (I) have to do to get her $255 death benefit pay...
by One Ping
Sun Mar 31, 2019 10:29 am
Forum: Investing - Theory, News & General
Topic: Diversification Can Improve Retirement Outcomes (SWR) [Very Long Post]
Replies: 72
Views: 5349

Re: Diversification Can Improve Retirement Outcomes (SWR) [Very Long Post]

Curious about how much difference it would make if this hypothetical retiree had made some effort to better diversify this portfolio (call it Portfolio 1), I constructed two additional portfolios. Portfolio 2 replaces some of the large cap stock with small allocations to small cap value and global ...
by One Ping
Wed Mar 20, 2019 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: SS Death Notification Sufficient to 'trigger' Widow Benefit? [UPDATE 2]
Replies: 18
Views: 1636

Re: SS Death Notification Sufficient to 'trigger' Widow Benefit?

My condolences to you and your family. If she was already collecting spousal benefits based on your fathers work record SS should automatically make the switch. If she was collecting on her own work record she should call SS. Thanks, Mlm. Both are (were) 90+ years old and married 73+ years. She is ...
by One Ping
Wed Mar 20, 2019 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: SS Death Notification Sufficient to 'trigger' Widow Benefit? [UPDATE 2]
Replies: 18
Views: 1636

SS Death Notification Sufficient to 'trigger' Widow Benefit? [UPDATE 2]

My Dad died yesterday. Trying to get everything together and I have a couple of questions on SS actions: 1) Is the notification of death to the SSA by the Funeral Home enough to trigger the change to widow's SS benefit for my mother? 2) If not, what separate action is required to make/start that tra...
by One Ping
Mon Mar 11, 2019 7:09 pm
Forum: Investing - Theory, News & General
Topic: New Best-in-Class ETF recommendations for Merriman Ultimate Buy & Hold Portfolio (March 2019)
Replies: 41
Views: 5344

Re: New Best-in-Class ETF recommendations for Merriman Ultimate Buy & Hold Portfolio (March 2019)

"I really enjoy Paul Merriman and his work. He has to many variations of portfolios with multiple frequent changes that makes it hard to follow his plan." I'm sorry to get that feedback but I suspect you are right---too many recommended portfolios. For those who are just getting started I am hoping...
by One Ping
Mon Feb 25, 2019 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Tax bracket question
Replies: 18
Views: 1993

Re: Tax bracket question

Is it just me and the IRS who thinks the married filing jointly (under age 65) standard deduction for 2018 is $24,000 , not $24,400? (see note to left of line 8 on page 2, https://www.irs.gov/pub/irs-pdf/f1040.pdf ) The 2018 standard deduction was $24,000. For 2019, it's $24,400. :oops: Mea culpa. ...
by One Ping
Mon Feb 25, 2019 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Tax bracket question
Replies: 18
Views: 1993

Re: Tax bracket question

This might be a dumb question, but is the tax bracket decided before or after taking into consideration the standard deduction? I always just assumed it's your household income minus employer retirement deductions which will put me at the 22% bracket. If it's after the $24,400 $24,000 standard dedu...
by One Ping
Sun Feb 17, 2019 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Easiest Way to Give $100k Cash to Non-Family Member
Replies: 62
Views: 5305

Re: Easiest Way to Give $100k Cash to Non-Family Member

Each person can gift that $15k to each other person, so just among the adults, that's $60k/year. This could be accomplished fairly quickly if you can wait until the end of the year. If the $60K were given in the last part of December the remaining $40K could be given in the first part of January th...
by One Ping
Mon Feb 11, 2019 2:10 pm
Forum: Personal Investments
Topic: Leaving Advisor - Ethics Question? [Resolved]
Replies: 50
Views: 2882

Re: Leaving Advisor - Ethics Question? [Resolved]

Steve is ready to do it on his own. He doesn’t need this meeting any more than he needs a bad chicken dinner annuity meeting. As I already said, move today. Interesting you say this. Just got off the phone with him and this is, essentially, what he said! He may just give him a courtesy call and the...
by One Ping
Sun Feb 10, 2019 6:23 pm
Forum: Personal Investments
Topic: Leaving Advisor - Ethics Question? [Resolved]
Replies: 50
Views: 2882

Re: Leaving Advisor - Ethics Question?

URSnshn wrote:
Sun Feb 10, 2019 6:05 pm
I'd be upfront upfront about it.
That seems to be the consensus. :beer
by One Ping
Sun Feb 10, 2019 6:22 pm
Forum: Personal Investments
Topic: Leaving Advisor - Ethics Question? [Resolved]
Replies: 50
Views: 2882

Re: Leaving Advisor - Ethics Question?

Steve needs to really think this through a bit more, it’s very slippery. Man up and deal with this face to face and tell the advisor his reasons for leaving. Anything short of that is disingenuous, and surely don’t put the advisor through more work since he is firing him. That said, no reason not t...
by One Ping
Sun Feb 10, 2019 6:20 pm
Forum: Personal Investments
Topic: Leaving Advisor - Ethics Question? [Resolved]
Replies: 50
Views: 2882

Re: Leaving Advisor - Ethics Question?

The key point is that Steve likes his advisor and has received valuable service from the advisor . It also appears that the advisor is relatively ethical . If his wife is totally not into investing , he needs to have a backup plan for her in case he is gone first . I have seen widows being taken ad...
by One Ping
Sun Feb 10, 2019 5:37 pm
Forum: Personal Investments
Topic: Leaving Advisor - Ethics Question? [Resolved]
Replies: 50
Views: 2882

Re: Leaving Advisor - Ethics Question?

Tell "Steve" he is welcome to join the forum and ask all the Bogleheads any questions he may have. I have! :happy He's kinda old school when it comes to online and pretty much of a shy introvert. Which may actually be what was causing his concern in this case ... concerned it might end up in a conf...
by One Ping
Sun Feb 10, 2019 5:21 pm
Forum: Personal Investments
Topic: Leaving Advisor - Ethics Question? [Resolved]
Replies: 50
Views: 2882

Re: Leaving Advisor - Ethics Question?

It seems like Steve is "hooked" on this adviser's advice if he has to ask for more of it before severing the relationship. If he can't get himself comfortable with doing a simple 3 or 4 fund portfolio by himself he may not be ready to move away from the adviser. Likely the adviser has done some sli...
by One Ping
Sun Feb 10, 2019 4:58 pm
Forum: Personal Investments
Topic: Leaving Advisor - Ethics Question? [Resolved]
Replies: 50
Views: 2882

Re: Leaving Advisor - Ethics Question?

Steve has been lurking watching the responses roll in ... he wanted me to pass this along. "I appreciate all the feedback. You've convinced me. Since we are leaving this advisor regardless, and we have a good relationship with him, I think I'll just level with him and tell him we are leaving, and wh...
by One Ping
Sun Feb 10, 2019 4:48 pm
Forum: Personal Investments
Topic: Leaving Advisor - Ethics Question? [Resolved]
Replies: 50
Views: 2882

Re: Leaving Advisor - Ethics Question?

I am disappointed that Steve would do this. He is taking up the advisor's time and benefitting from his/her advice when he fully intends to leave the advisor. I think it is unethical at the least. But he has to sleep with his actions and maybe he is comfortable doing things like this. Yeah, good po...
by One Ping
Sun Feb 10, 2019 4:47 pm
Forum: Personal Investments
Topic: Leaving Advisor - Ethics Question? [Resolved]
Replies: 50
Views: 2882

Re: Leaving Advisor - Ethics Question?

I haven't used a financial advisor, but I think one can think of a "state of the portfolio" meeting as a sales pitch . This is what the advisor is offering in exchange for managing his funds for one more year. There is nothing wrong with listening to a sales pitch and declining the offer. Just beca...
by One Ping
Sun Feb 10, 2019 4:44 pm
Forum: Personal Investments
Topic: Leaving Advisor - Ethics Question? [Resolved]
Replies: 50
Views: 2882

Re: Leaving Advisor - Ethics Question?

Poor exit strategy. Level with the advisor. If I were this advisor with this good history and my client leveled with me on their transition out, I would gladly spend the extra time with them to dialogue and try and help them be successful in the future without me. I'm now leaning toward agreeing wi...
by One Ping
Sun Feb 10, 2019 4:42 pm
Forum: Personal Investments
Topic: Leaving Advisor - Ethics Question? [Resolved]
Replies: 50
Views: 2882

Re: Leaving Advisor - Ethics Question?

Just tell him. Remove yourself from my accounts, i will manage them myself. Done. No need to be dramatic or move to Vanguard. Schwab is fine. Its a 10 second phone conversation or even email. If he's moving to Schwab, contact Schwab tomorrow and initiate the transfer. There. That was pretty clean a...
by One Ping
Sun Feb 10, 2019 4:40 pm
Forum: Personal Investments
Topic: Leaving Advisor - Ethics Question? [Resolved]
Replies: 50
Views: 2882

Re: Leaving Advisor - Ethics Question?

Ok, I checked with Steve and I think the actual question is being missed by a lot of folks. Maybe I provided too much background. The question has to do with Steve asking his advisor for the advisor's opinion on Steve's self-management plan for the funds the advisor is managing now after Steve leave...
by One Ping
Sun Feb 10, 2019 3:24 pm
Forum: Personal Investments
Topic: Leaving Advisor - Ethics Question? [Resolved]
Replies: 50
Views: 2882

Re: Leaving Advisor - Ethics Question?

I wouldn't leave the advisor now and stick my wife with getting it all back together again upon my demise, if that is the plan. I wouldn't have an annual review knowing I was going to walk out the next week. I don't know about ethics, but I wouldn't do that. Yeah, although he was thinking about doi...
by One Ping
Sun Feb 10, 2019 3:08 pm
Forum: Personal Investments
Topic: Leaving Advisor - Ethics Question? [Resolved]
Replies: 50
Views: 2882

Leaving Advisor - Ethics Question? [Resolved]

A friend I’ve known for 30+ years (let’s call him “Steve”) is getting ready to pull the plug on his advisor in the next month or so. He has asked for my opinion on his upcoming actions with respect to his leaving this advisor. Some important background. Steve has used this firm for about 15 years an...
by One Ping
Sun Feb 10, 2019 1:29 pm
Forum: Personal Investments
Topic: Whats better to hold, Roth dollars or Tax-deferred dollars ?
Replies: 84
Views: 5676

Re: Whats better to hold, Roth dollars or Tax-deferred dollars ?

The difference comes down entirely to the tax rate that is applied , whether on the front end (Roth) or back end (traditional). That's the commutative property of multiplication, as has already been pointed out in this thread. [Emphasis added] This is true, as far as it goes. One thing for a couple...
by One Ping
Fri Feb 08, 2019 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: "Living comfortably in retirement"
Replies: 71
Views: 9116

Re: "Living comfortably in retirement"

As long as I can do what the great sage said ...

“A man is a success if he gets up in the morning and gets to bed at night, and in between he does what he wants to do.” ― Bob Dylan

One Ping
by One Ping
Tue Feb 05, 2019 8:18 pm
Forum: Investing - Theory, News & General
Topic: If you are old, why bother with rebalancing!!?
Replies: 114
Views: 8032

Re: If you are old, why bother with rebalancing!!?

...Just don't do anything and your equity allocation will in all probability drift higher over time. See my charts above. Obviously this is using historical data, but over all 62 30-year periods I looked at since 1928 you ended up with an average ending equity allocation of 86%. You also don't incu...
by One Ping
Tue Feb 05, 2019 6:42 pm
Forum: Investing - Theory, News & General
Topic: If you are old, why bother with rebalancing!!?
Replies: 114
Views: 8032

Re: If you are old, why bother with rebalancing!!?

What event lead the OP (livesoft) to this inspiration/revelation? Or has OP decided not to care anymore? I've read a few "help me with my portfolio" threads in the past few weeks from retirees in their late 60's or older who have been worried about managing their portfolios or want to dis-engage fr...
by One Ping
Tue Feb 05, 2019 6:17 pm
Forum: Investing - Theory, News & General
Topic: If you are old, why bother with rebalancing!!?
Replies: 114
Views: 8032

Re: If you are old, why bother with rebalancing!!?

I'm old, retired almost six years now. I started retirement with a 50/50 AA due to SoR risk over the seven years before SS at age 70. Over past six years, I've done Roth conversions and to a lesser degree increased my taxable account holdings. I hold only stock funds in my Roth IRA and my taxable a...
by One Ping
Tue Feb 05, 2019 5:59 pm
Forum: Investing - Theory, News & General
Topic: If you are old, why bother with rebalancing!!?
Replies: 114
Views: 8032

Re: If you are old, why bother with rebalancing!!?

.... Here are the trajectories over the 360 months for each of the 62 starting dates. .... Of course the portfolio likely grows significantly over that 30 years also. Suppose one took your plots and said that equities lost 50% of their value. What would be the portfolio value at that point? I didn'...
by One Ping
Tue Feb 05, 2019 3:50 pm
Forum: Investing - Theory, News & General
Topic: If you are old, why bother with rebalancing!!?
Replies: 114
Views: 8032

Re: If you are old, why bother with rebalancing!!?

I just completed a study on this. Below is the max equity allocation over a 30 year time horizon for a starting 60/40 stock/bond portfolio. It uses 62 starting start dates from Jan 1928 through Jan 1989. http://i63.tinypic.com/2nqzcow.jpg Here are the trajectories over the 360 months for each of the...
by One Ping
Mon Feb 04, 2019 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you need to live on 200k/ year forever?
Replies: 90
Views: 12600

Re: How much do you need to live on 200k/ year forever?

You're essentially looking for a perpetual withdrawal rate. A credible number for that is somewhere between 2-3.5%, after tax. So, you'd need $5.7 to $10 million, depending on how conservative you are. That said, if you were willing to modify the $200k expense/year in bad market times, you could pr...
by One Ping
Fri Feb 01, 2019 8:00 pm
Forum: Personal Investments
Topic: RMD at 70.5 - what am I missing?
Replies: 60
Views: 4605

Re: RMD at 70.5 - what am I missing?

What I dread is having to pay tax AGAIN on my SS due to RMD's. if it wasn't for that RMD's at 70 wouldn't be that big of a deal considering age and declining quality of life due to aging. You should enjoy your retirement savings at some point. Again? When did you pay tax on your SS the first time?
by One Ping
Fri Feb 01, 2019 7:26 pm
Forum: Personal Investments
Topic: RMD at 70.5 - what am I missing?
Replies: 60
Views: 4605

Re: RMD at 70.5 - what am I missing?

The tax cuts "sunset" in 2026. Roth Conversion should be considered, even if it puts you in higher IRMAA for a few years . Read the new book "The Power of Zero" by David McKnight. I agree. I think people are too afraid of incurring an 'IRMAA'. Going from the Baseline to Tier 1 premium results in an...
by One Ping
Fri Feb 01, 2019 7:24 pm
Forum: Personal Investments
Topic: We won the game, went to 50/50, but it just doesn't feel right
Replies: 108
Views: 11999

Re: We won the game, went to 50/50, but it just doesn't feel right

If you have won, why run up the score? Winning big is better than just scraping by? That's what makes it a game to some people. If you have more money than you'll ever need (i.e., you've won the game), what difference does it make if you have 2x that? or 3x, or 5x, or 10x? It's like during the dept...
by One Ping
Fri Feb 01, 2019 7:04 pm
Forum: Personal Investments
Topic: We won the game, went to 50/50, but it just doesn't feel right
Replies: 108
Views: 11999

Re: We won the game, went to 50/50, but it just doesn't feel right

If you have won, why run up the score? Winning big is better than just scraping by? That's what makes it a game to some people. If you have more money than you'll ever need (i.e., you've won the game), what difference does it make if you have 2x that? or 3x, or 5x, or 10x? It's like during the dept...
by One Ping
Fri Feb 01, 2019 6:47 pm
Forum: Personal Investments
Topic: RMD at 70.5 - what am I missing?
Replies: 60
Views: 4605

Re: RMD at 70.5 - what am I missing?

The tax cuts "sunset" in 2026. Roth Conversion should be considered, even if it puts you in higher IRMAA for a few years . Read the new book "The Power of Zero" by David McKnight. I agree. I think people are too afraid of incurring an 'IRMAA'. Going from the Baseline to Tier 1 premium results in an...
by One Ping
Fri Feb 01, 2019 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you need to live on 200k/ year forever?
Replies: 90
Views: 12600

Re: How much do you need to live on 200k/ year forever?

YoungBogle wrote:
Fri Feb 01, 2019 6:36 pm
200,000/.04=5,000,000
The 4% rule (of thumb) is usually quoted for a time horizon of 30 years. For forever (i.e., a perpetual withdrawal rate) I'd use 3½%, so $200,000/.035 = $5,714,286 ... not to put too fine a point on it. :wink:
by One Ping
Fri Feb 01, 2019 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce after beginning SS
Replies: 6
Views: 492

Re: Divorce after beginning SS

It seems to be a common recommendation for dual income couples that one spouse take their benefit at 62 and the other spouse at 70 to maximize their dollars received. Question, what happens if they divorce at 65? I believe the one who took at 62 can still claim 'spousal' when their then 'ex' claims...
by One Ping
Fri Feb 01, 2019 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce after beginning SS
Replies: 6
Views: 492

Re: Divorce after beginning SS

It seems to be a common recommendation for dual income couples that one spouse take their benefit at 62 and the other spouse at 70 to maximize their dollars received. Question, what happens if they divorce at 65? I believe the one who took at 62 can still claim 'spousal' when their then 'ex' claims...
by One Ping
Fri Feb 01, 2019 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Why Do Fund Performance Stats on Vanguard.com not match those from independent sources?
Replies: 17
Views: 846

Re: Why Do Fund Performance Stats on Vanguard.com not match those from independent sources?

I used to work in a pricing room at a large custodian bank. Every once in a while a well meaning fund accountant would come in and tell us that our prices didn't match what was on Yahoo. We would then remind them "Yahoo is NOT a pricing source" What that well meaning fund accountant meant to say wa...
by One Ping
Fri Feb 01, 2019 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Divorce after beginning SS
Replies: 6
Views: 492

Re: Divorce after beginning SS

It seems to be a common recommendation for dual income couples that one spouse take their benefit at 62 and the other spouse at 70 to maximize their dollars received. Question, what happens if they divorce at 65? I believe the one who took at 62 can still claim 'spousal' when their then 'ex' claims...
by One Ping
Fri Feb 01, 2019 5:49 pm
Forum: Personal Investments
Topic: We won the game, went to 50/50, but it just doesn't feel right
Replies: 108
Views: 11999

Re: We won the game, went to 50/50, but it just doesn't feel right

Thanks for all the replies, all good comments, that's what I love about this community. I will not be changing anything but after taking more risk during our earning years it is difficult to adjust, just like retiring. It seems our cash/bond position should be doing something , sort of like how I c...
by One Ping
Thu Jan 31, 2019 10:54 pm
Forum: Personal Investments
Topic: Heading Check, Advice Sought
Replies: 6
Views: 725

Re: Heading Check, Advice Sought

Addressing your second question, there are 2 schools of thought. One is what you are doing — no need to take unnecessary risks with assets when you have your expenses covered with pensions and SS. The other is what I am doing — since SS and pensions cover expenses, take more risk to grow assets for...
by One Ping
Wed Jan 30, 2019 5:03 pm
Forum: Personal Investments
Topic: Post Military - Financial Update
Replies: 10
Views: 2343

Re: Post Military - Financial Update

One Ping, thanks and I appreciate the 2-cents. :beer Our e-fund has been light for at least 10 years, due to security of military paycheck and now pension/disability income. No problem. Upon further review, with your retirement pay you are fine in the e-fund area. Looks like an O-3 retiring in 2019...
by One Ping
Tue Jan 29, 2019 7:14 pm
Forum: Personal Investments
Topic: Post Military - Financial Update
Replies: 10
Views: 2343

Re: Post Military - Financial Update

Emergency funds: $3K (USAA Savings) ------- Current Total Portfolio: $410,973 Current Retirement Assets Taxable 2% cash PMMX (Prime Money Market) -------- Monthly Expenses $4500 Hi 10 percent, To me your emergency fund looks a little light. $3K @ $4,500/mo is about 2½ weeks. If you include the cash...
by One Ping
Sun Jan 27, 2019 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA Thresholds in 2020
Replies: 22
Views: 3517

Re: IRMAA Thresholds in 2020

Anyone know if the "average" is that of that final 3 months of the period as in the case of SS COLA, or includes more than the last 3 months. Also, is chained CPI U used or just basic CPI U? Chained would cut roughly .2% off the result. So you might look for maybe 171,000 - 174,000) to replace the ...
by One Ping
Sat Jan 26, 2019 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA Thresholds in 2020
Replies: 22
Views: 3517

Re: IRMAA Thresholds in 2020

Well, I'll be darned! Thanks, HueyLD :sharebeer This place is amazing! Apologies to FactualFran for doubting her. :D :beer One Ping asked: "After reading it I realized I still had a question about the calculation of the CPI adjustment in FactualFran's answer (4) above. Is there language (e.g., a Fed...
by One Ping
Sat Jan 26, 2019 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA Thresholds in 2020
Replies: 22
Views: 3517

Re: IRMAA Thresholds in 2020

Bogleheads has an amazing wealth of information in old threads. I was looking for exactly this and found it! So the first IRMAA threshold for married filing jointly is currently $170,000. To determine the IRMAA surcharge for Medicare premiums that DW and I will pay in 2020 (based on 2018 adjusted AG...
by One Ping
Thu Jan 24, 2019 6:27 pm
Forum: Personal Investments
Topic: Balanced (VBIAX) vs Wellington (VWENX) math question
Replies: 18
Views: 2468

Re: Balanced (VBIAX) vs Wellington (VWENX) math question

One Ping Yes, I have considered that particular fund in the near past. And yes, I do hold what many here might consider a higher than normal amount of cash in the form of CDs that represent about 10% of my other investments. That might bring me closer to the asset allocation I seek. My only concern...
by One Ping
Thu Jan 24, 2019 5:29 pm
Forum: Personal Investments
Topic: Balanced (VBIAX) vs Wellington (VWENX) math question
Replies: 18
Views: 2468

Re: Balanced (VBIAX) vs Wellington (VWENX) math question

Tomd37, I understand your thought process on this matter. I am 81 and wife is 83 and she has no interest in financials. Ditto here, about 12 years behind you. My asset allocation for our age is 40/60 stock/bond. I would like to have a similarly balanced index fund with Vanguard, but there is none ot...
by One Ping
Thu Jan 24, 2019 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Safe to consider early retirement at 42 vs benefit of sticking it out?
Replies: 75
Views: 6801

Re: Safe to consider early retirement at 42 vs benefit of sticking it out?

FIDELITY CHART/ARTICLE – ARE YOU ON TRACK TO RETIRE? https://www.fidelity.com/viewpoints/retirement/how-much-do-i-need-to-retire https://i.imgur.com/zMzx8xi.jpg?1 So, here are Fidelity's footnote(s) referred to in the lower right corner of Sandtrap's graphic ... This information is intended to be e...