Search found 1658 matches

by WoodSpinner
Tue Jun 30, 2020 8:38 pm
Forum: Personal Consumer Issues
Topic: Landlord expectations: Rats in the yard
Replies: 80
Views: 5791

Re: Landlord expectations: Rats in the yard

OP,

I suggest you relax and let them be.... as long as they are not in the home.

FWIW, it is not legal to trap and relocate wildlife (rats included) in California.

WoodSpinner
by WoodSpinner
Mon Jun 29, 2020 11:25 pm
Forum: Personal Investments
Topic: Do Not Go Gentle On Us!!! Personal Portfolio Suggestions Needed!!
Replies: 67
Views: 6153

Re: DO NOT GO GENTLE ON US!!! PERSONAL PORTFOLIO SUGGESTIONS NEEDED!!

OP, For your taxable funds, can you breakdown which have capital gains, which have losses? You have way too many funds, they overlap and have high expense ratios. Would love to sell them in a tax efficient manner and shift to a small subset of low cost index funds. Good news is you have a good savin...
by WoodSpinner
Mon Jun 29, 2020 9:06 pm
Forum: Investing - Theory, News & General
Topic: The Bucket Approach
Replies: 84
Views: 8928

Re: The Bucket Approach

I'm bumping this 2019 thread because it was very helpful giving me a perspective for my withdrawal strategy. I retired a few months ago and wanted to organize my investments for a withdrawal strategy. I have added this thread to the wiki and included a quote from the Kitces article mentioned in thi...
by WoodSpinner
Mon Jun 29, 2020 2:31 pm
Forum: Personal Investments
Topic: Determining my AA: wisdom vs guts feelings.
Replies: 25
Views: 1737

Re: Determining my AA: wisdom vs guts feelings.

And bonds are worse than in the US here in Europe where I live. This is the second time I've seen you write that, presumably as a reason for adding more stocks. But fear not, it's not correct. Because of arbitrage, the real return on bonds should be very similar throughout the entire world. The low...
by WoodSpinner
Mon Jun 29, 2020 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: What is the best financial decision you ever made?
Replies: 213
Views: 17008

Re: What is the best financial decision you ever made?

OP, Well many of my better decisions have been covered (e.g. spouse, savings, luck etc.), I thought I would throw out a more unique one. I quit my job as an IT consultant in the early ‘90s to take a 50% + pay cut and start working for a Megacorp. It was a great move for my Mental Health and stress l...
by WoodSpinner
Mon Jun 29, 2020 11:37 am
Forum: Investing - Theory, News & General
Topic: Why is risk often defined as volatility?
Replies: 27
Views: 1843

Re: Why is risk often defined as volatility?

Why is risk defined by most on here as volatility? Why aren't people allowed to have other interpretations of the term? I have an incredibly low risk tolerance, but for me, the primary risk is inflation risk - I cannot get myself to hold a lot of cash or nominal assets like bonds. Paper money to me...
by WoodSpinner
Sun Jun 28, 2020 9:13 pm
Forum: Investing - Theory, News & General
Topic: Finding Middle Ground on the LMP
Replies: 95
Views: 5014

Re: Finding Middle Ground on the LMP

OP, I am also using a similar approach with a bit of a twist.... I have a cash flow spreadsheet projecting out my expenses (core+discretionary) and income through age 90. Based on this, it seems like once SS begins at 70, I will have minimal need to tap my portfolio. I have built an LMP portfolio (...
by WoodSpinner
Sun Jun 28, 2020 9:10 pm
Forum: Personal Investments
Topic: New 2020 RMD Rules
Replies: 19
Views: 2062

Re: New 2020 RMD Rules

OP, You can return the full RMD amount and then take the QCD as a charitable deduction, assuming you will itemize. I recommend calling the brokerage directly since the ruling is so new and I suspect the online systems haven’t been updated yet. Mark the deposit as a 2020 Rollover, Re: IRS Note 2020-...
by WoodSpinner
Sun Jun 28, 2020 2:47 pm
Forum: Investing - Theory, News & General
Topic: What would happen to bond funds if Fed didn't intervene in March
Replies: 15
Views: 992

Re: What would happen to bond funds if Fed didn't intervene in March

As another data point of comparison to the above, over the same time period Vanguard Intermediate Term Treasury (VFITX) lost 1.78% compared to total bond (VBTLX). This was 4.68% less than the VBTLX loss. Different risk profile but the difference may be meaningful for some investors. https://i.posti...
by WoodSpinner
Sun Jun 28, 2020 2:23 pm
Forum: Personal Investments
Topic: New 2020 RMD Rules
Replies: 19
Views: 2062

Re: New 2020 RMD Rules

OP, You can return the full RMD amount and then take the QCD as a charitable deduction, assuming you will itemize. I recommend calling the brokerage directly since the ruling is so new and I suspect the online systems haven’t been updated yet. Mark the deposit as a 2020 Rollover, Re: IRS Note 2020-5...
by WoodSpinner
Sun Jun 28, 2020 8:24 am
Forum: Personal Investments
Topic: Portfolio Review!
Replies: 14
Views: 1074

Re: Portfolio Review!

OP,

Are you contributing to your 401K at least to the 5% match?

WoodSpinner
by WoodSpinner
Fri Jun 26, 2020 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Should I take Fed direct unsubsidized loans expressly to have them repaid by company?
Replies: 15
Views: 830

Re: Should I take Fed direct unsubsidized loans expressly to have them repaid by company?

OP, Personally, I would NOT take a student loan with those costs if I didn’t have to!! This is NOT the time to leverage UP — it’s a great time to be defensive, cautious, and reduce risk. What do you think you are leaving on the table? WoodSpinner Thanks for the reply. Basically, I am leaving $10K/y...
by WoodSpinner
Fri Jun 26, 2020 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Should I take Fed direct unsubsidized loans expressly to have them repaid by company?
Replies: 15
Views: 830

Re: Should I take Fed direct unsubsidized loans expressly to have them repaid by company?

OP,

Personally, I would NOT take a student loan with those costs if I didn’t have to!!

This is NOT the time to leverage UP — it’s a great time to be defensive, cautious, and reduce risk.

What do you think you are leaving on the table?

WoodSpinner
by WoodSpinner
Thu Jun 25, 2020 8:00 pm
Forum: Investing - Theory, News & General
Topic: Finding Middle Ground on the LMP
Replies: 95
Views: 5014

Re: Finding Middle Ground on the LMP

OP, I am also using a similar approach with a bit of a twist.... I have a cash flow spreadsheet projecting out my expenses (core+discretionary) and income through age 90. Based on this, it seems like once SS begins at 70, I will have minimal need to tap my portfolio. I have built an LMP portfolio (S...
by WoodSpinner
Thu Jun 25, 2020 7:36 pm
Forum: Personal Investments
Topic: Time value of money TVM Book
Replies: 5
Views: 423

Re: Time value of money TVM Book

OP, There is a great deal of good info in this thread.... https://www.bogleheads.org/forum/viewtopic.php?t=274243 Plus there are some great Blog writeup from Siamond, https://www.bogleheads.org/blog/2019/02/01/early-retirement-and-time-value-of-money/ https://www.bogleheads.org/blog/2019/02/03/early...
by WoodSpinner
Thu Jun 25, 2020 3:20 pm
Forum: Personal Investments
Topic: Roth contributions and the TCJA
Replies: 16
Views: 940

Re: Roth contributions and the TCJA

OP,

You might find this thread on Roth vs. Traditional of interest.

viewtopic.php?t=318512

WoodSpinner
by WoodSpinner
Wed Jun 24, 2020 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: IRS broadens rollover options for 2020 RMD distributions
Replies: 47
Views: 3150

Re: IRS broadens rollover options for 2020 RMD distributions

All, I read the IRS document and am a bit lost.... In January, I took an RMD payment + a bit extra (about $500) from an Inherited IRA from my Mother. She passed in 2016 and I have been taking RMDs since 2017. Am I correct that I can choose to roll the entire distribution back into the Inherited IRA?...
by WoodSpinner
Wed Jun 24, 2020 3:01 pm
Forum: Personal Investments
Topic: Optimal withdrawal strategy??
Replies: 14
Views: 1717

Re: Optimal withdrawal strategy??

OP, Have you looked at the Variable Percentage Withdrawal (VPW) approach? How about the Time Value of Money (TVM)? You can use the Search Bar to find out more. Personally, I use them as a Reference Spending Rate to make sure my current budget is somewhat in-line (usually I am spending less) than wha...
by WoodSpinner
Mon Jun 22, 2020 8:43 pm
Forum: Investing - Theory, News & General
Topic: Amount needed to retire - inflation adjusted
Replies: 50
Views: 5991

Re: Amount needed to retire - inflation adjusted

Use the Funded Ratio to drive your retirement investment plan. Link - https://www.bogleheads.org/forum/viewtopic.php?f=10&t=219878 and https://blbarnitz4.wordpress.com/2017/01/15/monitoring-your-retirement-goal-the-funded-ratio/ BobK BobK, Wondering if you could comment on my analysis of the Funded...
by WoodSpinner
Mon Jun 22, 2020 8:58 am
Forum: Personal Investments
Topic: Should I be doing ROTH conversions?
Replies: 19
Views: 2374

Re: Should I be doing ROTH conversions?

OP, I think you might be a good candidate for Roth Conversions — starting with the current 2020 tax year. Don’t worry about 2019, that ship has already sailed. Do you have any funds in Taxable accounts that can be used to pay the increase in Taxes? How much do you think you need to build the house? ...
by WoodSpinner
Sat Jun 20, 2020 10:22 am
Forum: Investing - Theory, News & General
Topic: Are all Structured Notes Bad?
Replies: 30
Views: 1779

Re: Are all Structured Notes Bad?

All,

What a great thread and learning opportunity! It’s this kind of insight that makes this forum so valuable to me.

Bookmarked for future reference, just in-case.

WoodSpinner
by WoodSpinner
Fri Jun 19, 2020 2:01 pm
Forum: Personal Investments
Topic: Oil Company Investment
Replies: 22
Views: 2013

Re: Oil Company Investment

Something to understand about shale: In the old days (pre shale), wildcatters were looking for bonanzas, where one well would produce for many years. It was high risk high reward- a lottery ticket. With shale, it’s all about operational efficiency. The wells have steep decline rates and you need to...
by WoodSpinner
Thu Jun 18, 2020 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Can i make a large Roth conversion using HELOC?
Replies: 13
Views: 968

Re: Can i make a large Roth conversion using HELOC?

OP,

Why do you think you need to do ROth Conversions at all?

Perhaps I missed it,but I don’t see any info on the size of your TAX deferred portfolio or Cashflow.

WoodSpinner
by WoodSpinner
Thu Jun 18, 2020 2:04 pm
Forum: Personal Investments
Topic: 9 years later, new situation
Replies: 14
Views: 1965

Re: 9 years later, new situation

OP, So sorry to hear about your Parent—it’s always a difficult challenge. forgive me if I am overstepping, but I do have a few questions... Why isn’t Parent-1 the beneficiary of Parent-2’s IRA? Parent-1 (assuming a spouse) could claim it as their own and avoid the 10 year withdrawal rule (btw, I bel...
by WoodSpinner
Wed Jun 17, 2020 6:33 pm
Forum: Personal Investments
Topic: Payoff mortgage with IRA funds
Replies: 14
Views: 796

Re: Payoff mortgage with IRA funds

OP, Do you have plans for Roth Conversions? Any ideas in what your future tax rates will be? Many people with large (e.g. 2.2MM) Would benefit from paying taxes now at a reduced rate versus what their taxes will be when RMDs start at 72 and SS begins. This might make the taxes paid now a bit more pa...
by WoodSpinner
Sun Jun 14, 2020 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Form 706 for portability election
Replies: 32
Views: 5303

Re: Form 706 for portability election

Wondering if there is anyone familiar with doing a Basic Portability Election for those of us with assets well under $5MM that would be willing to write this up for the Wiki with examples? This drives me a bit nuts — it should be a basic checkbox! Frankly, it should just be automatic! I am a DIYer i...
by WoodSpinner
Sat Jun 13, 2020 8:58 am
Forum: Personal Investments
Topic: Risk sharing thought experiment
Replies: 17
Views: 833

Re: Risk sharing thought experiment

My dad has plenty of money, Is close to retirement, and Is 40/60 stocks/bonds. I have a long time horizon and 100%stocks. What would be the downside of what I call risk sharing. I would borrow money from my dad, and pay him 4% interest. Or some percent plus inflation or some other number to be dete...
by WoodSpinner
Sat Jun 13, 2020 8:50 am
Forum: Personal Investments
Topic: $1.6M in traditional, $700K in Roth: How much to convert to Roth?
Replies: 84
Views: 7588

Re: $1.6M in traditional, $700K in Roth: How much to convert to Roth?

OP, This is a subject near and dear to my journey as well. You have had lots of good advice up-thread and thought I would highlight a few key elements. - Establish a clear set of prioritized goals for your Retirement. Let this be a guide for helping you evaluate trade-offs and risks with different s...
by WoodSpinner
Fri Jun 12, 2020 8:08 am
Forum: Personal Investments
Topic: FI Number: taxable vs 401k
Replies: 20
Views: 1633

Re: FI Number: taxable vs 401k

OP, Your expenses need to include Taxes regardless of which type of account your portfolio is invested in. So, for Taxable, consider Interest, Dividends, Short/Long Term Gains and Losses. For 401k, consider your Marginal Tax Rate. In terms of a tax efficiency, it all depends on your investments, inc...
by WoodSpinner
Wed Jun 10, 2020 11:46 pm
Forum: Personal Consumer Issues
Topic: Trip to Alaska in August/Sep
Replies: 17
Views: 1715

Re: Trip to Alaska in August/Sep

The Outsider wrote: Mon Jun 08, 2020 3:38 pm Fly into Anchorage, drive to Talkeetna, charter a flight seeing trip around Denali.

Go fishing and Bear watching in Katmai
Spend some one at one of the B&B at the end of the road in DENALi!

+1000 on the flight to seee Denali, find one that lands on the Ruth Glacier

WoodSpinner
by WoodSpinner
Wed Jun 10, 2020 10:53 pm
Forum: Investing - Theory, News & General
Topic: Did the abrupt recovery create a false sense of security?
Replies: 33
Views: 2662

Re: Did the abrupt recovery create a false sense of security?

Yes, I think it did. As well as the short sharp shock at the end of 2018. But of course I tend to be pessimistic. Thank you. This is the first comment that is actually responsive to my post, which was essentially asking the question “was the February/ March drop a *real* test of investors’ resolve?...
by WoodSpinner
Wed Jun 10, 2020 12:04 pm
Forum: Personal Investments
Topic: End of year Roth conversion tool?
Replies: 7
Views: 420

Re: End of year Roth conversion tool?

OP, How do you currently file your Taxes? You might simply be able to create an early 2020 return to see what your Taxable Income looks like in early December and then convert towards your goal. One note, be aware of the NIIT and IRMAA tax (63 or older) increases as you move closer to the top of the...
by WoodSpinner
Mon Jun 08, 2020 3:36 pm
Forum: Personal Investments
Topic: Request for help and guidance - lump sum or monthly pension - one of DH and one for DW
Replies: 18
Views: 937

Re: Request for help and guidance - lump sum or monthly pension - one of DH and one for DW

Dear Bogleheads: We are requesting your thoughts & guidance on lump sum or monthly non-COLA pension payments for DH and DW, 2 pensions or 2 lump sums? We have read all the previous Bogleheads' posts about lump sum vs. monthly pension and are very challenged with this decision. And, this is a very i...
by WoodSpinner
Sun Jun 07, 2020 11:15 pm
Forum: Personal Investments
Topic: Unexpected Early Retirement - Need Portfolio Advice
Replies: 21
Views: 3180

Re: Unexpected Early Retirement - Need Portfolio Advice

OP, Welcome to the Firehose of Retirement Planning. Good news is you have a nice portfolio and time to plan. Here are a couple of suggestions.... 1. Develop a plan for ROth Conversions that takes into account your ACA insurance costs. You have a window in which to plan these conversions to save on t...
by WoodSpinner
Sat Jun 06, 2020 7:31 pm
Forum: Personal Investments
Topic: Retirees: what is your AA?
Replies: 80
Views: 4101

Re: Retirees: what is your AA?

OP, We are a 60/59 yo couple and we are currently at 55/45. Fixed income is 11% Short Term Treasuries, 34% Intermediate Term Treasuries. Pension covers about 70% of our living expenses and when I start SS that will cover the rest. Stayed the course in March and rebalanced per my IPS (although lots o...
by WoodSpinner
Sat Jun 06, 2020 4:19 pm
Forum: Personal Investments
Topic: Roth IRA Convesion
Replies: 8
Views: 1070

Re: Roth IRA Convesion

Hello, I am planing to convert my $922,000.00 Traditional IRA to the Roth IRA. I am planing to convert about $30,000.00 a year and use cash to pay taxes. I do not anticipate using the money for my retirement and planing to leave it to my children ages 33 and 40. That is why I am thinking that ROTH ...
by WoodSpinner
Sat Jun 06, 2020 2:22 pm
Forum: Investing - Theory, News & General
Topic: Bonds in Roth?
Replies: 3
Views: 321

Re: Mitigating tax/market risk in Roth conversions and asset location (retiree)

OP, I think you are overthinking things ..... A down market simply lets you convert more shares for the same tax costs. However by current law, taxes are on sale until the end of 2025 when the TCJA tax rates for individuals expire. This certainly makes conversions now a wise decision. Even better if...
by WoodSpinner
Sat Jun 06, 2020 8:48 am
Forum: Investing - Theory, News & General
Topic: Are any market timers cashing out soon?
Replies: 74
Views: 8101

Re: Are any market timers cashing out soon?

I'm under tremendous pressure from the wife to sell our equities. So far I managed to hold her off until 3100 on the SPX. Now I'll tell her to hold off until the old high. I put a stop loss at 3100 today. For us, last spring we put in our life's work of owning rentals in the stock market. Needless ...
by WoodSpinner
Sat Jun 06, 2020 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Form 706 for portability election
Replies: 32
Views: 5303

Re: Form 706 for portability election

All,

Could someone post a link to a completed (anonymized) one?

It would be a good reference.

Thanks

WoodSpinner
by WoodSpinner
Fri Jun 05, 2020 9:53 pm
Forum: Personal Investments
Topic: Withdrawal Strategy
Replies: 27
Views: 2970

Re: Withdrawal Strategy

OP, I have found the Variable Portfolio Withdrawal Calculator very helpful in figuring out a reasonable spending plan given my portfolio and income sources. https://www.bogleheads.org/wiki/Variable_percentage_withdrawal I am also a fan of the Time Value of Money approach discussed here https://www.b...
by WoodSpinner
Mon Jun 01, 2020 11:45 am
Forum: Personal Investments
Topic: Rescheduling a 2020 Retirement Date?
Replies: 17
Views: 1883

Re: Rescheduling a 2020 Retirement Date?

LMP = Liability Matching Portfolio, https://www.bogleheads.org/wiki/Matching_strategy The poster will have to explain what their Hybrid Approach consists of. FWIW, mine involves keeping the next 10 years of expenses (Expected Income - Expenses) in Treasuries. In my case, we should not need to tap th...
by WoodSpinner
Sun May 31, 2020 10:26 am
Forum: Personal Investments
Topic: Forget ACA subsidies and Max out Roth conversions early?
Replies: 46
Views: 2314

Re: Forget ACA subsidies and Max out Roth conversions early?

OP, Not sure if I-orp has changed much since I played with it a few years ago. At the time, it did not handle the tax situation very cleanly (state taxes, SS taxation, NIT, IRMAA etc.). I found that building my own analysis spreadsheet with correct tax calculations was more helpful. Wondering what y...
by WoodSpinner
Fri May 29, 2020 10:40 am
Forum: Investing - Theory, News & General
Topic: Rebalancing -- IPS Clarification Needed
Replies: 37
Views: 2222

Re: Rebalancing -- IPS Clarification Needed

You should not rebalance every time your bands are breached. Rather, you should pre-select one day out of the year (like your birthday) to do your rebalancing. On that day, if your bands are breached, rebalance. Otherwise, do nothing until your birthday again next year. https://www.vanguard.com/pdf...
by WoodSpinner
Fri May 29, 2020 10:32 am
Forum: Personal Investments
Topic: Portfolio for 72 year old couple
Replies: 35
Views: 2778

Re: Portfolio for 72 year old couple

OP,

What are your goals for your investment portfolio? What will this money do for you?

Wondering about your angst Given you aren’t dependent on it for your yearly expenses?

WoodSpinner
by WoodSpinner
Fri May 29, 2020 8:36 am
Forum: Personal Investments
Topic: [Is an Investment Policy Statement needed? How do I write one?]
Replies: 50
Views: 2069

Re: [Is an Investment Policy Statement needed? How do I write one?]

I’m afraid I’m really extremely math challenged...I still don’t understand. Is it possible to explain the 25% relative band in a different way? If a 50/50 AA ends up at 62.5/ 37.5 wouldn’t the absolute 5% band already have been hit ...what’s the point of having a relative 25% band? Perhaps this wil...
by WoodSpinner
Fri May 29, 2020 8:12 am
Forum: Personal Investments
Topic: Have you been following your IPS?
Replies: 42
Views: 2114

Re: Have you been following your IPS?

OP, It sounds like you are trying to establish dry powder rather than shifting to a new AA. Check some of the recent threads for a discussion on this strategy. Could you explain how you are using your 5% bands? Are they Relative or Absolute ? FWIW, I did follow my IPS but was a bit shaken with the s...
by WoodSpinner
Thu May 28, 2020 10:32 am
Forum: Personal Investments
Topic: [Is an Investment Policy Statement needed? How do I write one?]
Replies: 50
Views: 2069

Re: [Is an Investment Policy Statement needed? How do I write one?]

Yes wood spinner this plan is very clear. But I need something that fits in an index card. I did see one that concise on the forum but I can’t find it now. Upthread there is a reference by Eagle33 to an index card. I have a different goal for my IPS. Or perhaps I am just long winded :D WoodSpinner ...
by WoodSpinner
Thu May 28, 2020 7:51 am
Forum: Personal Investments
Topic: [Is an Investment Policy Statement needed? How do I write one?]
Replies: 50
Views: 2069

Re: [Is an Investment Policy Statement needed? How do I write one?]

Yes wood spinner this plan is very clear. But I need something that fits in an index card. I did see one that concise on the forum but I can’t find it now. Upthread there is a reference by Eagle33 to an index card. I have a different goal for my IPS. Or perhaps I am just long winded :D WoodSpinner
by WoodSpinner
Wed May 27, 2020 8:49 am
Forum: Investing - Theory, News & General
Topic: This article is scaring me. [Roubini predicting depression]
Replies: 109
Views: 12341

Re: This article is scaring me. [Roubini predicting depression]

OP, I found listening to him on a recent Odd Lot’s Podcast oddly comforting. He may be right but my gut says nope. Either way, I am prepared (or delusional :oops:). https://podcasts.apple.com/us/podcast/nouriel-roubini-sees-bad-recovery-then-inflation-then/id1056200096?i=1000473509390 WoodSpinner
by WoodSpinner
Tue May 26, 2020 5:58 pm
Forum: Personal Investments
Topic: [Is an Investment Policy Statement needed? How do I write one?]
Replies: 50
Views: 2069

Re: [Is an Investment Policy Statement needed? How do I write one?]

OP, I wrote an Investment Policy Statement partly for myself and partly to stimulate discussions with my wife and daughter about how we manage our money. Here is a link to a recent version if you are interested. https://drive.google.com/file/d/149U8pvh2SM8HQdsCHOUFcMITmKp455MI/view?usp=drivesdk Feel...