Search found 224 matches

by McDougal
Thu Aug 27, 2020 11:26 am
Forum: Personal Investments
Topic: Investment order priority
Replies: 22
Views: 1189

Re: Investment order priority

3.Only debt is mortgage @ 5.125% Slightly off topic, but have you looked into refinancing the mortgage? From the OP - "...but there's a good chance I'm moving soon and getting married (which is why I haven't tried to do a refi)" Oops, not enough coffee today! Carry on without me 8-)
by McDougal
Thu Aug 27, 2020 11:15 am
Forum: Personal Investments
Topic: Investment order priority
Replies: 22
Views: 1189

Re: Investment order priority

Scuttlebutt wrote: Thu Aug 27, 2020 10:45 am 3.Only debt is mortgage @ 5.125%
Slightly off topic, but have you looked into refinancing the mortgage?
by McDougal
Thu Aug 27, 2020 7:15 am
Forum: Investing - Theory, News & General
Topic: I survived the 'sequence of returns risk'
Replies: 42
Views: 3899

Re: I survived the 'sequence of returns risk'

Watching with interest. Planning on retiring in 2021 and SOR is probably my biggest fear.
by McDougal
Fri Aug 21, 2020 3:59 pm
Forum: Personal Investments
Topic: IRA Conversion
Replies: 12
Views: 700

Re: IRA Conversion

David Jay wrote: Fri Aug 21, 2020 2:58 pm Having some Roth in early retirement provides a lot of flexibility to avoid means-tested penalties.
David could you explain this further or point me where to understand these points? Thanks!
by McDougal
Fri Aug 21, 2020 8:46 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 4885
Views: 1306554

Re: What Book Are You Currently Reading? Part VI

In Harm's Way by Doug Stanton. Story about the tragic sinking of the USS Indianapolis in WWII. Could not put it down.
by McDougal
Wed Aug 19, 2020 6:59 am
Forum: Personal Consumer Issues
Topic: Approach to "News" Consumption
Replies: 82
Views: 4716

Re: Approach to "News" Consumption

I have been going to allsides dot com for a while now. For a given topic they categorize the links to news stories on that topic as either left, center or right. Pick your poison.
by McDougal
Mon Aug 17, 2020 6:26 am
Forum: Personal Investments
Topic: Is this all there is?
Replies: 20
Views: 1994

Re: Is this all there is?

Marry once....to the right person.
by McDougal
Tue Aug 11, 2020 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Chase Amazon Prime Card--4% back
Replies: 74
Views: 7283

Re: Chase Amazon Prime Card--4% back

Do you mind sharing?
by McDougal
Mon Aug 10, 2020 4:52 pm
Forum: Investing - Theory, News & General
Topic: What if I have to fund more of my retirement myself?
Replies: 24
Views: 2856

Re: What if I have to fund more of my retirement myself?

That said, I thought reduction in SS would only affect new people about to claim. Those claiming already would be "grandfathered in". Someone correct me if wrong! I believe the trustees' report simply says there would be a benefit reduction. It does not say "only for future claimants...
by McDougal
Mon Aug 10, 2020 7:26 am
Forum: Personal Investments
Topic: Portfolio Contribution Question
Replies: 11
Views: 572

Re: Portfolio Contribution Question

I think it varies widely depending on your income and your expenses, as well as your retirement goals and time horizon to reach those goals. I personally do 12% FWIW. But I did not aim for 12%, I just saved as much as I could, and after doing the math turns out to be 12%.
by McDougal
Sat Aug 01, 2020 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Unmotivated daughter and son in law.
Replies: 115
Views: 9819

Re: Unmotivated daughter and son in law.

Perhaps I missed it, but has your daughter and SIL asked you or your ex for any financial help, advice, or assistance? They have to want to improve their position for anything to really change here. Also, how does your current spouse feel about all of this? Does your ex have anything in his will for...
by McDougal
Mon Jul 27, 2020 7:33 pm
Forum: Personal Investments
Topic: Did I mess up my first Roth IRA contribution/conversion?
Replies: 3
Views: 517

Re: Did I mess up my first Roth IRA contribution/conversion?

1. Over many years I rolled prior employers’ 401K balances into a tIRA. 2. In 2017 I made a non-deductible contribution of $5375 to tIRA Was this contribution made FOR 2017 or 2016? This was for 2017 3. In 2018 I made a non-deductible contribution of $1125 to tIRA, making my IRA consist of $6500 of...
by McDougal
Mon Jul 27, 2020 6:25 pm
Forum: Personal Investments
Topic: Did I mess up my first Roth IRA contribution/conversion?
Replies: 3
Views: 517

Did I mess up my first Roth IRA contribution/conversion?

Here is what I did. I would like to ask the forum if there are any glaring errors or omissions based on the steps I have taken. I am still working, 64 yrs old, MFJ if it matters. All 8606 forms have been filed with IRS. 1. Over many years I rolled prior employers’ 401K balances into a tIRA. 2. In 20...
by McDougal
Sun Jul 26, 2020 7:20 am
Forum: Personal Consumer Issues
Topic: How dead is dead? (USPS mail)
Replies: 60
Views: 6770

Re: How dead is dead? (USPS mail)

I have been receiving lots of unsolicited mailings lately. I do know why. I turn 65 in December and since June I have been receiving many "We'll teach you what you need to know about Medicare" envelopes from every insurance company in the country. I have not opened one of them, but I am sa...
by McDougal
Sat Jul 25, 2020 5:44 am
Forum: Personal Investments
Topic: New Roth IRA account question
Replies: 7
Views: 602

Re: New Roth IRA account question

Thank you for taking the time to explain this so eloquently. I appreciate it! I had my 401k roll over transferred to vanguard MMF. I will withdraw it and add it into my employer 401k and then contribute separately to tIRA and then r-IRA. Be careful how you withdraw from the IRA and contribute it to...
by McDougal
Fri Jul 24, 2020 1:56 pm
Forum: Investing - Theory, News & General
Topic: Roth conversions
Replies: 12
Views: 887

Re: Roth conversions

then i have to wait 5 years (or age 59.5) to withdraw each conversion amount. if i withdraw earnings before 59.5, there is a 10% penalty plus income tax. I could be wrong but I think you still have to wait 5 years to withdraw earnings from a Roth IRA, even after reaching age 59-1/2, unless it's for...
by McDougal
Sun Jul 19, 2020 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus check for deceased not received, should I forget it?
Replies: 5
Views: 714

Re: Stimulus check for deceased not received, should I forget it?

What to do? I know you said the letter stated that the check was "mailed", but if your dad was receiving SS or veterans benefits via direct deposited, it likely was sent to the same bank. If the bank was notified of the death, the account may have been locked. If this situation is possibl...
by McDougal
Wed Jul 15, 2020 5:59 pm
Forum: Personal Investments
Topic: Moderna
Replies: 45
Views: 5125

Re: MODERNA

Lol. Yes i own, Etfs, mutual funds, VTSAX and a whole plethora of safer investments. I was just asking what people thought about this stock. I also own in in other funds that are well diversified. Personally every now and then i like to put in 10K into an individual stock that I think will hit big....
by McDougal
Wed Jul 15, 2020 9:28 am
Forum: Personal Consumer Issues
Topic: Which household items have made your life easier/more convenient/happier?
Replies: 82
Views: 6841

Re: Which household items have made your life easier/more convenient/happier?

Motion sensor light switches. Places like laundry room, pantry, closet. Turns light on by motion and off when you leave.
by McDougal
Tue Jul 14, 2020 6:47 am
Forum: Personal Investments
Topic: Backdoor ROTH IRA
Replies: 15
Views: 882

Re: Backdoor ROTH IRA

So based on the comments you cannot have any other IRA except ROTH IRA in the calendar year you execute the backdoor roth strategy so you dont get hit by the IRS prorata rule. Bit post that calendar year if you decide you can have a rollover IRA and roth IRA independently without triggering any IRS...
by McDougal
Sat Jul 11, 2020 6:28 am
Forum: Investing - Theory, News & General
Topic: Were You Around During Dotcom Bubble?
Replies: 182
Views: 12003

Re: Were You Around During Dotcom Bubble?

I was a young kid out of college, put something like $5000 in a Roth IRA and bought Cisco, thinking this was the blue chip of tech stocks. It went up, and then went down to about $2,000. Fantastic lesson for me at a reasonably affordable price. As to applicability to current situation, I gave up tr...
by McDougal
Fri Jun 19, 2020 6:52 am
Forum: Personal Finance (Not Investing)
Topic: Capital One is at it again
Replies: 147
Views: 18804

Re: Capital One is at it again

Hey, someone has to pay those movie stars to make the Capital One commercials, don't they?
by McDougal
Wed Jun 10, 2020 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: form 8606 blues
Replies: 64
Views: 3781

Re: form 8606 blues

Correct me if I am wrong please. I think you only need to file 8606 in the year(s) that you made non-deductible contributions to an IRA which results in co-mingled money. Not every year for the rest of your life. And also if you received a distribution or made a conversion. But if you are not making...
by McDougal
Fri Jun 05, 2020 6:31 am
Forum: Personal Investments
Topic: Retirement income tax rate
Replies: 64
Views: 4178

Re: Retirement income tax rate

Bookmarking this post for reference!
by McDougal
Thu May 21, 2020 6:24 am
Forum: Personal Finance (Not Investing)
Topic: Best credit card for grocery rewards
Replies: 53
Views: 5508

Re: Best credit card for grocery rewards

The magic of the Blue Cash Preferred is it’s 6% groceries and 3% on gas. If you don’t hit the $6000 grocery store cap every calendar year it’s not worth it. I applied for that card and was told I needed a letter from a financial institution verifying my address and signed by some particular employe...
by McDougal
Sat May 16, 2020 7:44 am
Forum: Personal Consumer Issues
Topic: Password vault or generator?
Replies: 110
Views: 7370

Re: Password vault or generator?

If one uses LastPass or another PW manager, and has unique, very long, complicated passwords for >200 sites, is it necessary to change the passwords ever, and if so, at what frequency? You must change them every time they are compromised, or you suspect they have been. So if tomorrow bogleheads has...
by McDougal
Fri May 15, 2020 6:42 am
Forum: Personal Consumer Issues
Topic: Password vault or generator?
Replies: 110
Views: 7370

Re: Password vault or generator?

If one uses LastPass or another PW manager, and has unique, very long, complicated passwords for >200 sites, is it necessary to change the passwords ever, and if so, at what frequency?
by McDougal
Fri May 01, 2020 6:52 am
Forum: Personal Finance (Not Investing)
Topic: 30 year mortgage under 3%
Replies: 301
Views: 47861

Re: 30 year mortgage under 3%

I locked in a 10/1 ARM at 3% a couple weeks ago for a no-cost refinance and wonder after I close on this if I should be looking again. How does a 10/1 ARM work exactly? Fixed for 10 Years then it’s adjusts to future interest rates usually the prime rate plus a spread Not prime. They are usually tie...
by McDougal
Sun Apr 26, 2020 6:10 pm
Forum: Personal Investments
Topic: S&P 500 vs Total Market Index funds
Replies: 67
Views: 5999

Re: S&P 500 vs Total Market Index funds

I think you can see a brief consensus is that they are both high quality vehicles. Remember, the greatest enemy of a good plan is the dream of a perfect plan.
by McDougal
Mon Apr 06, 2020 2:18 pm
Forum: US Chapters
Topic: Bogleheads community discussion - Coronavirus
Replies: 1653
Views: 79225

Re: Bogleheads community discussion - Coronavirus

I get all this. But why aren’t the warnings for anti-bacterial soap also applicable for alcohol-based hand sanitizer? The issue, as I understand it, is that some research has found that using triclosan (typical anti-bacterial soap ingredient) leads to cross-resistance to other microbial agents. Alc...
by McDougal
Mon Mar 30, 2020 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Question about sign on bonus
Replies: 14
Views: 1074

Re: Question about sign on bonus

Wouldn't the terms be spelled out in your onboarding paperwork? Especially for such a large amount.
by McDougal
Mon Mar 30, 2020 8:06 am
Forum: Personal Finance (Not Investing)
Topic: how much cash do you keep at home?
Replies: 130
Views: 8953

Re: how much cash do you keep at home?

For many years, I always used to keep 2-4k around. Never spent it. But, it went down and I'd replenish it. Where did it go? DW. . . . "I need $100 for a birthday gift". . . . . . :| DW . . . "Stucco guy dropped by for his balance due, I gave him $800 from your "stash". . . ...
by McDougal
Wed Mar 25, 2020 5:19 pm
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 199202

Re: Bogleheads community discussion - Coronavirus

With respect to the benefit of the non-infected wearing masks, I realize the CDC and WHO says we shouldn't wear them and they don't help. We can choose to believe them, or not. I don't. There is some interesting data on mask wearing in this video link I've provided below. I have not vetted out the ...
by McDougal
Wed Mar 25, 2020 1:48 pm
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 199202

Re: Bogleheads community discussion - Coronavirus

Remember back when hoarding masks was a problem? So it appears from the NY Times some doctors may be stockpiling corona virus trial drugs for themselves! Stay classy, people. https://www.nytimes.com/2020/03/24/business/doctors-buying-coronavirus-drugs.html I couldn't read the article (I don't have ...
by McDougal
Wed Mar 25, 2020 12:26 pm
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 199202

Re: Bogleheads community discussion - Coronavirus

Remember back when hoarding masks was a problem?
So it appears from the NY Times some doctors may be stockpiling corona virus trial drugs for themselves!
Stay classy, people.
https://www.nytimes.com/2020/03/24/busi ... drugs.html
by McDougal
Wed Mar 25, 2020 10:20 am
Forum: Personal Consumer Issues
Topic: Online piano sheet music resources
Replies: 14
Views: 644

Re: Online piano sheet music resources

I've used music notes dot com with varying results. Totally legit as far as credit card etc. But each song you look for likely has several arrangements, and the preview is not great, but overall a good place to start.
by McDougal
Wed Mar 18, 2020 12:04 pm
Forum: Personal Consumer Issues
Topic: How to get Toilet Paper ? seriously.
Replies: 684
Views: 58107

Re: How to get Toilet Paper ? seriously.

khh wrote: Wed Mar 18, 2020 8:16 am If you can't find TP, try Staples.
I appreciate the suggestion, but that's gotta hurt!
by McDougal
Wed Mar 18, 2020 10:33 am
Forum: Personal Investments
Topic: Rebalancing Today - Saw Bonds are being sold off - Should I wait?
Replies: 48
Views: 3356

Re: Rebalancing Today - Saw Bonds are being sold off - Should I wait?

OP, can you increase your 401-K equity contribution to 100% and rebalance over time with the new money?
by McDougal
Wed Mar 18, 2020 6:32 am
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 199202

Re: Bogleheads community discussion - Coronavirus

NearlyRetired wrote: Wed Mar 18, 2020 5:32 am Take a look at this - a flu vaccine that appears to have an effect on Coronvirus...

The Guardian
Looks like another potential treatment, not a vaccine.
by McDougal
Thu Mar 12, 2020 6:44 am
Forum: Personal Investments
Topic: How many people with 7 figure portfolios are”rejoicing ?”
Replies: 169
Views: 14671

Re: How many people with 7 figure portfolios are”rejoicing ?”

Definitely not rejoicing. I think I may have lost my second comma, but steadfast in not looking these days, but I can do the math in my head. My biggest concern is I had been planning on retiring this year. Oh well, man plans and God laughs.
by McDougal
Sat Mar 07, 2020 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Best side for info on prescription drugs?
Replies: 8
Views: 511

Re: Best side for info on prescription drugs?

If you are looking for information specifically about prescription drugs, I suggest speaking to a pharmacist you trust.
by McDougal
Sat Feb 29, 2020 2:44 pm
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 1265
Views: 75349

Re: What are you listening to now

Storm Large with Pink Martini in Central Park. I enjoy this band very much.
https://www.youtube.com/watch?v=v7ScnkcrAYs
by McDougal
Fri Feb 28, 2020 7:46 am
Forum: Investing - Theory, News & General
Topic: Re-assessing risk tolerance if near/in retirement
Replies: 50
Views: 2692

Re: Re-assessing risk tolerance if near/in retirement

I am (hopefully) < one year from retirement. I had been 90/10 for a long time, and for the last year or 2 drifted on purpose to 50/50 using my normal 401K contributions. I was exactly 50/50 on Jan 28 - last time I checked. Won't check for a while, but I can do the math in my head. I am certainly gla...
by McDougal
Fri Jan 24, 2020 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: How to negotiate a severance
Replies: 61
Views: 4861

Re: How to negotiate a severance

I know you don’t want to pay for a lawyer but it sounds like you need a lawyer if you were discriminated against.
by McDougal
Fri Jan 24, 2020 5:30 pm
Forum: Personal Investments
Topic: 401(k) expense ratio question
Replies: 2
Views: 311

Re: 401(k) expense ratio question

lakpr wrote: Fri Jan 24, 2020 3:21 pm It is the Gross Expense Ratio that matters. The Net Expense Ratio will differ from the Gross ER, if the advisor managing the fund agrees to reimburse some of the costs of running the fund for a limited duration.

FXAIX is 0.015%
Thanks!
by McDougal
Fri Jan 24, 2020 3:08 pm
Forum: Personal Investments
Topic: 401(k) expense ratio question
Replies: 2
Views: 311

401(k) expense ratio question

Hi. I’m trying to compare funds costs at different brokerages. In my Fido 401k the Fidelity 500 Index Fund (FXAIX) lists an exp ratio (gross), an exp ratio (net) and a Management Fee, and each is 0.015%. When comparing various funds costs, is the expense ratio of this fund .015, .030, or .045? Thanks!
by McDougal
Thu Jan 23, 2020 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella insurance cost
Replies: 98
Views: 7493

Re: Umbrella insurance cost

$538/year for $2MM. 2 adults in Atlanta with lib mut
by McDougal
Mon Jan 13, 2020 6:26 am
Forum: Personal Finance (Not Investing)
Topic: Family member with almost no retirement savings or assets, what to do?
Replies: 55
Views: 7566

Re: Family member with almost no retirement savings or assets, what to do?

You mention he worked his whole life, made good money, and ex-wife family had everything in their name so got it all. Any chance to revisit their divorce settlement agreement? Or did the medical bills take most of that out? Might be worth looking at that.
by McDougal
Sat Jan 11, 2020 8:04 am
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 1265
Views: 75349

Re: What are you listening to now

Right now, Bossa Nova channel on Amazon music
by McDougal
Thu Jan 09, 2020 6:43 am
Forum: Investing - Theory, News & General
Topic: In my opinion, Best Overall Retirement Article
Replies: 95
Views: 11298

Re: In my opinion, Best Overall Retirement Article

You can't make blanket statements like that. The job I have right now is exactly what I would do as a hobby if I didn't have to work for money. Most of my close relatives have jobs that they honestly love. I have a relative who works or a charity and feels that she is making the world a better plac...