Search found 3044 matches

by marcopolo
Fri Jun 16, 2017 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 230
Views: 56517

Re: Regret early retirement/downsizing

I am not seeing the irony. The first third of my life passed by way too fast. I spent the majority of it in school, the last few working. School for me was not a general American experience - I went to school in an environment where EVERYTHING was focused on getting the top grades (see tiger mom st...
by marcopolo
Fri Jun 16, 2017 9:32 am
Forum: Investing - Theory, News & General
Topic: Top and bottom of AA usefulness
Replies: 19
Views: 2664

Re: Top and bottom of AA usefulness

It is much easier to get a handle on what you "need" if you always think in percentages, and don't mix them with absolute dollar amounts. I disagree. I don't know if I can call it an epiphany if loads of people had the thought before me, but I recently decided that as long as I've got an absolute a...
by marcopolo
Fri Jun 16, 2017 9:27 am
Forum: Investing - Theory, News & General
Topic: After Tax 401(k) contributions
Replies: 3
Views: 675

Re: After Tax 401(k) contributions

Yes, Two reasons:

1) Employer continues to match for post-tax contributions
2) Mega-backdoor Roth of post-tax contributions
by marcopolo
Thu Jun 15, 2017 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance?
Replies: 46
Views: 6895

Re: Long Term Care Insurance?

I don't see the value of LTCI policies available today. What i want insurance for is long tail (catastrophic) risk. If my wife or I need long term care for 10+ years, that is where a policy would be useful. But, the policies available today all appear to have a cap (often pretty short ones) on how ...
by marcopolo
Thu Jun 15, 2017 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance?
Replies: 46
Views: 6895

Re: Long Term Care Insurance?

try this link to Kitces' comments on LTCi. https://www.kitces.com/blog/can-increasing-the-long-term-care-insurance-elimination-period-make-coverage-appealing-again/ I have heard of elimination periods of 6 months - 12months. See a broker of LTCi. YMMV Had not seen that article, thanks for the link....
by marcopolo
Thu Jun 15, 2017 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Quicken TaxOptimizer suggestions seem odd, thoughts?
Replies: 5
Views: 869

Re: Quicken TaxOptimizer suggestions seem odd, thoughts?

Maybe quicken has been talking to WCI https://www.whitecoatinvestor.com/asset-location-bonds-go-in-taxable/ He briefly discusses 401k, but the analysis appears to be all based on roth IRA. Very different animal. Not sure how he goes from the analysis provided to concluding stocks should go in tax-d...
by marcopolo
Wed Jun 14, 2017 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken TaxOptimizer suggestions seem odd, thoughts?
Replies: 5
Views: 869

Quicken TaxOptimizer suggestions seem odd, thoughts?

Anyone use the built-in Quicken TaxOptimizer tool? It is designed to give you suggestion on where to locate you asset allocation (taxable vs tax-deferred) for optimal tax strategy. I had previously hedged my bets and kept similar AA in both. But, after quite a bit of reading here, I have been transi...
by marcopolo
Wed Jun 14, 2017 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance?
Replies: 46
Views: 6895

Re: Long Term Care Insurance?

I don't see the value of LTCI policies available today. What i want insurance for is long tail (catastrophic) risk. If my wife or I need long term care for 10+ years, that is where a policy would be useful. But, the policies available today all appear to have a cap (often pretty short ones) on how l...
by marcopolo
Wed Jun 14, 2017 3:12 pm
Forum: Personal Investments
Topic: 401k Expenses out of line?
Replies: 16
Views: 1261

Re: 401k Expenses out of line?

Wow. Those fees seem really high to me. I guess it really is a matter of how much of the fees the employer absorbs. My employers is roughly the same size, employees pay no adviser or administrative fees. Just the underlying fund fees. Lots of very low cost funds, and Brokerage window at Fidelity. E...
by marcopolo
Wed Jun 14, 2017 2:43 pm
Forum: Personal Investments
Topic: 401k Expenses out of line?
Replies: 16
Views: 1261

Re: 401k Expenses out of line?

Wow. Those fees seem really high to me. I guess it really is a matter of how much of the fees the employer absorbs. My employers is roughly the same size, employees pay no adviser or administrative fees. Just the underlying fund fees. Lots of very low cost funds, and Brokerage window at Fidelity. Em...
by marcopolo
Wed Jun 14, 2017 2:19 pm
Forum: Personal Investments
Topic: Edward Jones Guided Solutions Fees
Replies: 47
Views: 21835

Re: Edward Jones Guided Solutions Fees

Hopefully, you do realize that all the things you are saying below could be easily accomplished in low-cost way, either self directed (a little more work), or via Fidelity or Vanguard PAS. But, if you value the advise you are getting to the tune of $1000's per year, then that is fine. At least you a...
by marcopolo
Wed Jun 14, 2017 2:02 pm
Forum: Investing - Theory, News & General
Topic: Poll: 401K Match
Replies: 99
Views: 21514

Re: Poll: 401K Match

100% up to 10% of salary, up to statutory max salary ($270,000 in 2017),
So employee can put in $27k, company matches $27k
by marcopolo
Mon Jun 12, 2017 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Can't decide how to get [paid: W-2 or 1099?]
Replies: 15
Views: 2399

Re: Can't decide how to get pay.

The job for your dad is in addition to your full time W2 job? If so, there might be some advantage to being paid via 1099. You can then open a SEP-IRA and contribute more tax deferred. But, if he is going to pay the same gross amount either way, then the fact that you would only pay half the SS/Medi...
by marcopolo
Sun Jun 11, 2017 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: couple questions about SSA (67 vs 70) and breakeven points
Replies: 20
Views: 3135

Re: couple questions about SSA (67 vs 70) and breakeven points

Thank you #cruncher. I see what you've done and I appreciate your explanation. Marcopolo regarding the time value of money, did you read the article at kitces.com I referenced in my OP: https://www.kitces.com/blog/financial-planning-spreadsheet-keyboard-shortcuts-excel-functions-fv-pv-npv-irr/ I be...
by marcopolo
Sun Jun 11, 2017 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: couple questions about SSA (67 vs 70) and breakeven points
Replies: 20
Views: 3135

Re: couple questions about SSA (67 vs 70) and breakeven points

I did a quick excel using the amounts above starting at those ages and just adjusted 3% COLA each year based on the starting amounts. ... I come up with the break even point of 82 for starting at 67 (rather than 62) ... There is no need to adjust SS benefits for estimated Cost of Living Adjustments...
by marcopolo
Sat Jun 10, 2017 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: How does a mere mortal navigate healthcare/insurance issues
Replies: 55
Views: 7973

Re: How does a mere mortal navigate healthcare/insurance issues

It is difficult because the American health care system is sleazy -- there is no price transparency and the system at all levels -- doctors, hospitals, drugs, insurance bilks consumers with hidden charges and costs. I may be naive, but i like to give people the benefit of the doubt. I am not sure h...
by marcopolo
Sat Jun 10, 2017 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Is Quicken 2017 worth it? Please help
Replies: 24
Views: 4980

Re: Is Quicken 2017 worth it? Please help

I have been a quicken user for quite some time. 2017 work very nicely. I have found it a little less buggy than 2014, i have upgraded every 3yrs when their online updates stop working for the older version. I find it very useful to track both spending and investments.
by marcopolo
Fri Jun 09, 2017 2:10 pm
Forum: Personal Investments
Topic: Son's UTMA account
Replies: 46
Views: 5806

Re: Son's UTMA account

Sorry this isn't helpful, but this thread is exactly why I have never gotten the point of UTMA's. You give up any control when you have no idea what the child's situation is going to be in 15 or 20 years, plus the legal and tax complications of the transfer. All to save a few dollars in taxes. Why ...
by marcopolo
Fri Jun 09, 2017 12:15 pm
Forum: Personal Investments
Topic: Son's UTMA account
Replies: 46
Views: 5806

Re: Son's UTMA account

How bad can paying taxes on dividends be? You still have more money after tax than if you had no investments with dividends, right? The funds you mentioned in the first post are pretty tax efficient. It really doesn't matter what the taxes are since if the dividends are high enough and/or if other ...
by marcopolo
Fri Jun 09, 2017 9:28 am
Forum: Personal Investments
Topic: Son's UTMA account
Replies: 46
Views: 5806

Re: Son's UTMA account

My 23 year old son has a rather large UGMA account. He knows he has something, but has no idea what. I file his income tax returns. He has never asked about any of this, and I feel is it best to keep it from him as long as possible. (I gave him a 5 year old car for college graduation and he was thr...
by marcopolo
Fri Jun 09, 2017 8:45 am
Forum: Personal Investments
Topic: First Financial Plan & Status Review - 30yo
Replies: 8
Views: 1318

Re: First Financial Plan & Status Review - 30yo

Looks like a well thought out plan.

You mention no kids yet, but could change.
That will certainly change your budget and possibly savings rate. Early 40s retirement might be challenging if also paying to raise a couple of kids, college, etc. Stay flexible with your planning horizon.
by marcopolo
Tue Jun 06, 2017 8:08 pm
Forum: Personal Investments
Topic: Son's UTMA account
Replies: 46
Views: 5806

Re: Son's UTMA account

It remains a fact that the custodian has to definitely release the account (whatever term applies) and no one else can or will do anything about it until he does so. Recourse for the now adult minor is to sue in court if they don't like it. Yeah. That seems to be the consensus of several knowledgea...
by marcopolo
Tue Jun 06, 2017 7:51 pm
Forum: Personal Investments
Topic: Son's UTMA account
Replies: 46
Views: 5806

Re: Son's UTMA account

Hmmm, The OP suggested that one advantage of leaving the funds in an UTMA is that he could still control the release of the funds. I believe he can NOT maintain such control, legally. If the son, having reached the age of termination wanted to withdraw the funds and blow it on a good weekend in Veg...
by marcopolo
Tue Jun 06, 2017 1:18 pm
Forum: Investing - Theory, News & General
Topic: Are CD investors more likely (than bond investors) to have sustainable withdrawals?
Replies: 13
Views: 2432

Re: Are CD investors more likely (than bond investors) to have sustainable withdrawals?

I have seen what seem like reasonable arguments in favor of both (bond funds and CDs), depends on your assumptions. I am not smart enough to know which camp is right, so i do what i do when i don't know which sector of the market will perform better of the next X years, i diversify. I have a number ...
by marcopolo
Tue Jun 06, 2017 1:12 pm
Forum: Personal Investments
Topic: Fidelity 529 - Where's the Love?
Replies: 29
Views: 8446

Re: Fidelity 529 - Where's the Love?

I have been searching the threads on this site for the "best" 529, with UT, NY, and NV (VG) seeming to top the list. My question is why isn't Fidelity mentioned as much, when it has the overall lowest expense? It's age-based index portfolios have an ER of .13%, and for those who want to slice and d...
by marcopolo
Tue Jun 06, 2017 1:03 pm
Forum: Personal Investments
Topic: Son's UTMA account
Replies: 46
Views: 5806

Re: Son's UTMA account

There are misunderstandings about what can and can not be done with UTMA accounts around the age of termination. Using such terms as MUST and CAN NOT are overreactions. Hmmm, The OP suggested that one advantage of leaving the funds in an UTMA is that he could still control the release of the funds....
by marcopolo
Tue Jun 06, 2017 11:22 am
Forum: Personal Investments
Topic: Son's UTMA account
Replies: 46
Views: 5806

Re: Son's UTMA account

indexonlyplease wrote:
dm200 wrote:
State of Florida 21 yrs old.


Good part of this I still control the release of funds.
My understanding is that once the child reaches the specified age in your state, you can NOT control legally control the funds anymore.
by marcopolo
Tue Jun 06, 2017 11:21 am
Forum: Personal Investments
Topic: Son's UTMA account
Replies: 46
Views: 5806

Re: Son's UTMA account

indexonlyplease wrote:
dm200 wrote:
State of Florida 21 yrs old.


Good part of this I still control the release of funds.
My understanding is that once the child reaches the specified age in your state, you can NOT control legally control the funds anymore.
by marcopolo
Mon Jun 05, 2017 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement Timing – Update
Replies: 9
Views: 2231

Re: Early Retirement Timing – Update

Sorry, missed the part about paid off home. So, even better.

I would add, with an already retired spouse, and no kids, I would seriously consider retiring tomorrow.

Best of luck,
Marcopolo
by marcopolo
Mon Jun 05, 2017 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement Timing – Update
Replies: 9
Views: 2231

Re: Early Retirement Timing – Update

I think you are doing spectacularly and should consider this a bragging post. Very well done! I second that. You are in great shape, congratulations! Is the $3M assets in addition to your home? Any mortgage? Unless the remaining mortgage is huge, you should still be fine. If no mortgage, and the $3...
by marcopolo
Mon Jun 05, 2017 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Power percentage: A more effective metric of financial performance than savings rate?
Replies: 47
Views: 5288

Re: Power percentage: A more effective metric of financial performance than savings rate?

I am not sure I am getting the utility of this metric. I could increase it (make my situation seem better) by running up big credit card bills, buying way more house than I need (or can afford), etc., and then making payments towards those?

It just seems like an excuse to live beyond your means.
by marcopolo
Mon Jun 05, 2017 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Power percentage: A more effective metric of financial performance than savings rate?
Replies: 47
Views: 5288

Re: Power percentage: A more effective metric of financial performance than savings rate?

According to that article, real wages (adjusted for inflation) have been relatively flat for decades, so the assumption is generally correct. "But after adjusting for inflation, today’s average hourly wage has just about the same purchasing power as it did in 1979, following a long slide in the 198...
by marcopolo
Sun Jun 04, 2017 11:47 am
Forum: Personal Investments
Topic: WHAT!? Us! Double comma! Can I pull back?
Replies: 27
Views: 5056

Re: WHAT!? Us! Double comma! Can I pull back?

The payroll system automatically stops deductions from paychecks at my max of 24k - I have tried that route. You are probably aware of this, but for the benefit of other readers, If you are over 50, the $24k represents the allowable max for pre-tax 401k contributions, including the "catch-up" provi...
by marcopolo
Sun Jun 04, 2017 11:39 am
Forum: Personal Investments
Topic: Does someone 60+ need more than 10 years expenses in FI?
Replies: 39
Views: 5413

Re: Does someone 60+ need more than 10 years expenses in FI?

I was referring to the conventional wisdom to have 30-40X of your expenses if you retire in the normal retirement band of 60-66 age. Ouch. I must have been asleep when this became conventional wisdom :happy 30x (3.33% WR) seems pretty conservative, 40x (2.5% WR) would be great if it happens natural...
by marcopolo
Sun Jun 04, 2017 11:28 am
Forum: Personal Investments
Topic: WHAT!? Us! Double comma! Can I pull back?
Replies: 27
Views: 5056

Re: WHAT!? Us! Double comma! Can I pull back?

The payroll system automatically stops deductions from paychecks at my max of 24k - I have tried that route. You are probably aware of this, but for the benefit of other readers, If you are over 50, the $24k represents the allowable max for pre-tax 401k contributions, including the "catch-up" provi...
by marcopolo
Sat Jun 03, 2017 11:05 pm
Forum: Personal Investments
Topic: Another getting ready for retirement thread
Replies: 17
Views: 2357

Re: Another getting ready for retirement thread

Aside from the healthcare costs that have all of us potential early retirees worried, I think you plan looks good.
by marcopolo
Sat Jun 03, 2017 10:59 pm
Forum: Personal Investments
Topic: WHAT!? Us! Double comma! Can I pull back?
Replies: 27
Views: 5056

Re: WHAT!? Us! Double comma! Can I pull back?

I suspect the "max' is 18k. I think the 401k balances would be larger if the max is 54k. Many, many people do not know of 54k limit and many plans do not allow for non-payroll contributions. I was really disappointed mine did not. I suspect the 'max' is 18k as well. I was just pointing out that it ...
by marcopolo
Sat Jun 03, 2017 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: KF's Worst Case Retirement Plan [KlangFool's]
Replies: 313
Views: 48949

Re: KF's Worst Case Retirement Plan [KlangFool's]

I'm about your age and worked in IT for 20 years before changing careers (purposely). I experienced layoffs and anxiety throughout. During one of those periods, I commuted 1.5 hours each way daily for over a year before finding another job in my home city. So I feel your pain. Man, when did the IT ...
by marcopolo
Sat Jun 03, 2017 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: KF's Worst Case Retirement Plan [KlangFool's]
Replies: 313
Views: 48949

Re: KF's Worst Case Retirement Plan [KlangFool's]

I'm about your age and worked in IT for 20 years before changing careers (purposely). I experienced layoffs and anxiety throughout. During one of those periods, I commuted 1.5 hours each way daily for over a year before finding another job in my home city. So I feel your pain. Man, when did the IT ...
by marcopolo
Sat Jun 03, 2017 4:46 pm
Forum: Personal Investments
Topic: WHAT!? Us! Double comma! Can I pull back?
Replies: 27
Views: 5056

Re: WHAT!? Us! Double comma! Can I pull back?

Combined you pull in $260 k per year. Maxing 401k's would put you at $234 k before taxes. That's a solid income. We obviously don't have your full situation, but on its face, it seems like there should be room in your budget to cash flow the effort. I agree. Although I think the income after 401k m...
by marcopolo
Sat Jun 03, 2017 10:20 am
Forum: Investing - Theory, News & General
Topic: Murphy's Law Of Retirement
Replies: 83
Views: 18194

Re: Murphy's Law Of Retirement

His Murphy's Law says This would be Murphy’s Law of retirement: People tend to retire just before a market downturn and are thus more likely to be unlucky. .... It's not like "number of retirees" every year is a hard thing to look up. How many more people retire at the peak as opposed to at a norma...
by marcopolo
Sat Jun 03, 2017 9:53 am
Forum: Investing - Theory, News & General
Topic: Murphy's Law Of Retirement
Replies: 83
Views: 18194

Re: Murphy's Law Of Retirement

Early retirees should consider liquidating their positions if they won the game, there is no point in being greedy and the markets are at all time high at this time. And do what with it? The market is often at all time highs when looking backwards. Whether it is a peak can only be known after the f...
by marcopolo
Fri Jun 02, 2017 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: KF's Worst Case Retirement Plan [KlangFool's]
Replies: 313
Views: 48949

Re: KF's Worst Case Retirement Plan

marcopolo, By working 40 hours per week and spending another 20 to 40 hours per week learning on the side. KlangFool Yeah. I can see not wanting to do that as one get close to being able to pull the rip cord on early retirement. I think you are in good shape, and have several contingencies in case ...
by marcopolo
Fri Jun 02, 2017 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement Plan Check, 2 Years out.
Replies: 25
Views: 4761

Re: Early Retirement Plan Check, 2 Years out.

Based on the provided numbers, i think you are in very good shape as many have mentioned. I would be a little concerned about your estimated expenses. You say your current expenses average $33k after-tax (assuming also not including current savings?). You are planning retirement expenses of $40k af...
by marcopolo
Fri Jun 02, 2017 2:05 pm
Forum: Investing - Theory, News & General
Topic: What makes a Conservative BHer? for retirement purposes
Replies: 16
Views: 2041

Re: What makes a Conservative BHer? for retirement purposes

Similar to the line regarding how anyone who drives slower than you is an idiot, anyone going faster than you is an maniac, I suspect that anyone who has a lower withdrawal rate than you do would be considered "conservative," while anyone who has a higher withdrawal rate than you do is a daredevil....
by marcopolo
Fri Jun 02, 2017 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: KF's Worst Case Retirement Plan [KlangFool's]
Replies: 313
Views: 48949

Re: KF's Worst Case Retirement Plan

I hope so but I cannot count on it. The IT world is too volatile and we are in a major paradigm shift. Which shift is that? HomerJ, 1) It is getting CLOUDy. -> Cloud computing 2) Software Defined Network (SDN) 3) Network Function Virtualization (NFV) 4) IoT 5) Big Data 6) AI / Neural Network 7) Qua...
by marcopolo
Fri Jun 02, 2017 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: KF's Worst Case Retirement Plan [KlangFool's]
Replies: 313
Views: 48949

Re: KF's Worst Case Retirement Plan

As per my understanding, if I move away from the state of Virginia, my kids would have to pay out-of-state tuition. That would double their tuition cost. That cost increase would be at least 30K per year. KlangFool Double check that. In some states, once you have enrolled as an in-state student, yo...
by marcopolo
Fri Jun 02, 2017 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement Plan Check, 2 Years out.
Replies: 25
Views: 4761

Re: Early Retirement Plan Check, 2 Years out.

Based on the provided numbers, i think you are in very good shape as many have mentioned. I would be a little concerned about your estimated expenses. You say your current expenses average $33k after-tax (assuming also not including current savings?). You are planning retirement expenses of $40k aft...
by marcopolo
Thu Jun 01, 2017 9:00 pm
Forum: Personal Consumer Issues
Topic: Fidelity 2000 'bonus points'
Replies: 32
Views: 6178

Re: Fidelity 2000 'bonus points'

My guess is that the trigger amount is related to your average monthly spend. I got the offer for an extra point (additional 1% reward) on amounts above $6900 over the next two months. The $6900 threshold is very close to double of my average monthly charges on this card. So, it seems like they are ...
by marcopolo
Thu Jun 01, 2017 7:21 am
Forum: Personal Finance (Not Investing)
Topic: How does a mere mortal navigate healthcare/insurance issues
Replies: 55
Views: 7973

Re: How does a mere mortal navigate healthcare/insurance issues

Thanks all. Appreciate the helpful replies. I will try calling both the insurance company and the Anesthesiologist's office to see if i can work out a compromise. The whole system seem overly complicated. Makes the financial services industry with its AUM, 12b-1, Expense Ratios, and other fees, seem...