Search found 7417 matches

by delamer
Mon Apr 01, 2019 1:43 pm
Forum: Investing - Theory, News & General
Topic: The real impact of inflation on Retired Folks?
Replies: 101
Views: 7866

Re: The real impact of inflation on Retired Folks?

Real spending for retirees decreases on average 1% per year for first 10 years of retirement, 2% per year for second 10 years and 1% per year for third 10 years. And a 30% one-off decrease in spending upon death of a partner. With SS inflation indexed and a stock/bond portfolio usually having real ...
by delamer
Mon Apr 01, 2019 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: When to take social security for maximum inheritance?
Replies: 31
Views: 2768

Re: When to take social security for maximum inheritance?

I’m still planning wait until 70. But I plan to give my heirs some money like at 25, 30, possibly money for future down payment. At their age, they can get it to grow and I don’t have to worry about estate tax. This is a change from my previous position, I won’t mention why I changed my mind. When ...
by delamer
Sun Mar 31, 2019 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Laid off/Health care?
Replies: 21
Views: 2534

Re: Laid off/Health care?

I would grab the COBRA coverage until you have things sorted out. You don’t want to be without coverage, even for a couple months. People get too hung up on how they “never get sick” when making these decisions. You could trip falling down the stairs and break a leg, even if you are in perfect healt...
by delamer
Sun Mar 31, 2019 7:53 pm
Forum: Personal Investments
Topic: Precarious situation?
Replies: 24
Views: 2260

Re: Precarious situation?

.... If I predecease my husband, my 401(k) and IRAs go into trust for him (and vice versa). The secondary beneficiary of those trusts are our kids. .... (I am not a lawyer, so my understanding below may not be correct) Your 401k goes to a trust, for the benefit of your husband, is this correct? And...
by delamer
Sun Mar 31, 2019 7:48 pm
Forum: Personal Investments
Topic: Transferring retirement account
Replies: 5
Views: 522

Re: Transferring retirement account

How is the money allocated now? DCA is usually for money that is in cash and not invested. If the money is already invested, then no need to dca as you are not changing your asset allocation. I don’t follow. The OP didn’t indicate one way or the other regarding keeping the same allocation. But s/he...
by delamer
Sun Mar 31, 2019 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 334
Views: 48531

Re: Does anyone here with net worths north of $1 mil use financial advisors?

Nope. Not me. A financial advisor would be a waste of money. Although I will occasionally do some tax planing with my CPA. If the day ever comes that I do need a financial advisor, I would look for one with the heart of a teacher. Can you share about how your tax planning with your CPA goes? In gen...
by delamer
Sun Mar 31, 2019 6:10 pm
Forum: Personal Investments
Topic: Mom retired with not quite enough savings, questions about annuity
Replies: 44
Views: 5027

Re: Mom retired with not quite enough savings, questions about annuity

I agree. As others have said, avoid the annuities. But the best thing your mother can do is reduce her expenses. With PITI of only $400 in a VLCOL, there is room to reduce the other $1200 in spending. (Unless her medical bills are high.). I’d consider this a financial emergency situation. I doubt t...
by delamer
Sun Mar 31, 2019 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Why should FEHB members buy Medicare Part B?
Replies: 149
Views: 17622

Re: Why should FEHB members buy Medicare Part B?

I was also hoping to hear from any fed retirees who did not take Part B! Please chime in!! I turn 65 this year. My intention is to opt out of Part B since I would have to pay the IRMAA ($433 per mo for 2019 for 4 months, and $370 per mo for 2020; not sure about the level of IRMAA for the remaining ...
by delamer
Sun Mar 31, 2019 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: How can I get a handle on income taxes in retirement?
Replies: 33
Views: 2728

Re: How can I get a handle on income taxes in retirement?

The TaxCaster app is a quick-and-dirty way to estimate annual federal income taxes in retirement.

You enter various types of income — Social Security, RMD, qualified dividends, etc.

It isn’t that useful for long-term tax planning, but it is easy to change amounts or swap out different income types.
by delamer
Sun Mar 31, 2019 4:02 pm
Forum: Personal Investments
Topic: Assisting with Mom's Portfolio and RMDs
Replies: 10
Views: 984

Re: Assisting with Mom's Portfolio and RMDs

My suggestion would be to combine the Fidelity IRA into the one at TD. This would get rid of the high fee funds all at once. It would also simplify the RMD situation. It seems that the Fidelity IRA serves no purpose except to enrich some advisor. The sooner she leaves these funds the better. I agre...
by delamer
Sun Mar 31, 2019 3:34 pm
Forum: Personal Investments
Topic: Mom retired with not quite enough savings, questions about annuity
Replies: 44
Views: 5027

Re: Mom retired with not quite enough savings, questions about annuity

Her situation is a serious one. She is afraid of principal loss, but considering solutions with high fees. She should be more fearful of running out of money. I can’t imagine quitting my job with a 30 year mortgage, needing a newer, albeit, used vehicle and drawing 7%. A full time job should be her...
by delamer
Sun Mar 31, 2019 1:10 pm
Forum: Personal Investments
Topic: Precarious situation?
Replies: 24
Views: 2260

Re: Precarious situation?

1. What state do you live in? Inheritance & probate laws differ for various states. Calif is not probate friendly. 2. The odds of both of you dying at the same time is pretty low, but not zero. The house is the only thing that sticks out to me as an obvious issue. 3. Rough size of assets? The more ...
by delamer
Sun Mar 31, 2019 11:50 am
Forum: Personal Investments
Topic: Precarious situation?
Replies: 24
Views: 2260

Re: Precarious situation?

By leaving your assets to your children out right, rather than in trust, they can be more easily taken by a spouse in the case of divorce or in a legal proceeding if your kid is sued. The trusts would be set up at your death(s), based on the tetms if your wills. Plus you and your wife should have li...
by delamer
Sun Mar 31, 2019 11:35 am
Forum: Investing - Theory, News & General
Topic: The real impact of inflation on Retired Folks?
Replies: 101
Views: 7866

Re: The real impact of inflation on Retired Folks?

This is a stolen statement I found on another Retirement site (original author = Retired Major) He asked for comments, but I am in the early stages of thinking about his statement. It is a good point to ponder so I thought I would share with the group. Ben Start Quote: I'm reading about inflation a...
by delamer
Sun Mar 31, 2019 11:12 am
Forum: Personal Finance (Not Investing)
Topic: When to take social security for maximum inheritance?
Replies: 31
Views: 2768

Re: When to take social security for maximum inheritance?

It is worth noting that gifting to your kids while you still are alive has advantages to both your kids and you.
by delamer
Sat Mar 30, 2019 4:15 pm
Forum: Personal Consumer Issues
Topic: Valuing retirement years
Replies: 35
Views: 3492

Re: Valuing retirement years

Are the earlier years in retirement more valuable while you're younger and before health issues eventually turn up and can spend time with your kids, etc? Or are there other things in the later years that are just as joyful, if not more? Answer to both questions could easily be "yes." These are not...
by delamer
Sat Mar 30, 2019 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 334
Views: 48531

Re: Does anyone here with net worths north of $1 mil use financial advisors?

Nope..never have used one hope never to use one. I don’t want to participate in the wealth transfer. I know several wealth managers and irks me how they live large and are funded by OPM. One of my close friends showed me his portfolio and the adviser has him in 10 funds (mostly vanguard which was g...
by delamer
Sat Mar 30, 2019 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Should I keep own set of banking ledgers?
Replies: 38
Views: 1465

Re: Should I keep own set of banking ledgers?

I can see the value of keeping a check register — given the delay in checks being cashed — especially if you don’t have much float in your checking balance.

But not for a credit card. If you keep receipts, you can check those if a transaction is questionable.
by delamer
Sat Mar 30, 2019 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Max % of gross pay on a car?
Replies: 22
Views: 1541

Re: Max % of gross pay on a car?

Your subject line is a bit misleading. You are really asking about car costs relative to your whole financial situation, not just your income. Which is really the best way to look at it. We have bought a few used German luxury vehicles for good prices. They were well maintained with low mileage and ...
by delamer
Sat Mar 30, 2019 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Minimum income to maximize SS benefits.
Replies: 15
Views: 1719

Re: Minimum income to maximize SS benefits.

Two issues: 1) Each year, there is a maximum salary on which Social Security payroll taxes are withheld. For 2019, that amount is $132,900. If you earn more than that amount, not only isn’t the excess taxed (for SS), but your future benefit will not be higher than someone who earned exactly $132,900...
by delamer
Sat Mar 30, 2019 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Timing of down payment with large reimbursement
Replies: 4
Views: 397

Re: Timing of down payment with large reimbursement

You can put down 10%, get a primary mortgage of 80%, amd get a secondary mortgage of 10% to buy your house.

Then when you get your reimbursement, you can pay off the secondary mortgage.

https://www.nerdwallet.com/blog/mortgag ... you-money/
by delamer
Sat Mar 30, 2019 11:35 am
Forum: Personal Finance (Not Investing)
Topic: When to take social security for maximum inheritance?
Replies: 31
Views: 2768

Re: When to take social security for maximum inheritance?

A really simplistic answer is to take Social Security as soon as you stop working, and live off your benefits.

Then your portfolio will be untouched and can accumulate for your kids.
by delamer
Sat Mar 30, 2019 11:23 am
Forum: Personal Investments
Topic: Seeking insight on this individual stock Dividend Port?
Replies: 6
Views: 425

Re: Seeking insight on this individual stock Dividend Port?

Any portfolio that is dependent on a small number of individual stocks is one Enron-like event away from disaster. Plus, dividends for the S&P 500 were down for several years during the Great Recession. There are no guarantees that any company — or group of companies — will maintain their dividends ...
by delamer
Fri Mar 29, 2019 9:09 pm
Forum: Personal Investments
Topic: Military Advice
Replies: 9
Views: 1175

Re: Military Advice

What funds will you use in the TSP and in the Roths? You asset allocation should be set across all of your retirement accounts. So VTSAX might be a good choice for your taxable account, but it depends on your other investments. You can have Roths for both of you, if you meet the income requirements....
by delamer
Fri Mar 29, 2019 8:54 pm
Forum: Personal Consumer Issues
Topic: Lifecare community - worth it?
Replies: 33
Views: 2069

Re: Lifecare community - worth it?

Some CCRCs will only accept new residents at the Independent Living level, the higher levels of care being intended for residents to age into. One argument to get these "younger" elders to move in is that they will have opportunities to build a circle of friends among the other residents. I am keep...
by delamer
Fri Mar 29, 2019 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage refi: How to think about interest already paid?
Replies: 11
Views: 593

Re: Mortgage refi: How to think about interest already paid?

Simply figure it like this... I don't know your remaining balance, but just a rough $740k will do. That amount at 4.5% for the next 29 years has you paying $587,207 in total interest remaining. The same $740k at 3.75% for 30 years has you paying $493,739 in total interest. What more math do you nee...
by delamer
Fri Mar 29, 2019 5:55 pm
Forum: Personal Investments
Topic: How often do you check your accounts?
Replies: 53
Views: 2926

Re: How often do you check your accounts?

Assuming you mean investment accounts, I update prices and transactions in Quicken once a week and that is the only time I check them.
by delamer
Fri Mar 29, 2019 11:52 am
Forum: Personal Consumer Issues
Topic: Lifecare community - worth it?
Replies: 33
Views: 2069

Re: Lifecare community - worth it?

How old are you, do you have current health or major projected likely issues, and are you more concerned about future health issues than current living arrangements? I second the idea of looking at 55 plus retirement places like Dell Webb from a social network and financial view. I’ve looked at sev...
by delamer
Fri Mar 29, 2019 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Retirement: What expenses did you reduce?
Replies: 63
Views: 4135

Re: Retirement: What expenses did you reduce?

My husband spends about $3500/year on commuting via public transportation, and that doesn’t include the cost of driving to and from the train. So that will be gone in retirement. Other than commuting, payroll taxes, 401(k) contributions, and a little bit of dry cleaning, no other costs directly conn...
by delamer
Thu Mar 28, 2019 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Capital Gains on inherited Taxable Account
Replies: 3
Views: 378

Re: Capital Gains on inherited Taxable Account

If your taxable account is in certain types of trusts, the assets may not get a step-up at your death.

Your estate attorney should be able to tell you if that is the case.
by delamer
Thu Mar 28, 2019 11:13 pm
Forum: Personal Consumer Issues
Topic: High School Senior Pictures
Replies: 91
Views: 4621

Re: High School Senior Pictures

This topic struck a chord with me. I am a girl, my family was poor, and my mom took my senior pictures when I graduated high school. I'm almost 50 and I still regret it. A LOT. These aren't beach snapshots. They will be in her yearbook and on people's walls. They will be one of a handful of picture...
by delamer
Thu Mar 28, 2019 11:08 pm
Forum: Personal Consumer Issues
Topic: Lifecare community - worth it?
Replies: 33
Views: 2069

Re: Lifecare community - worth it?

I assume the buy-in would be smaller if the refund percentage was lower? Is there a reason you chose the 90% option? Is this a non-profit or for-profit facility? Yes, the buy-in is lower if there is no refund option. It seemed to me that the refund option would allow for more flexibility, as you wo...
by delamer
Thu Mar 28, 2019 10:55 pm
Forum: Personal Investments
Topic: Allocation for Those Late to the Party
Replies: 76
Views: 2825

Re: Allocation for Those Late to the Party

I'm already maxing out IRA contributions. Could you outline how much you plan to put into each type of account for you and your wife? Do you have a SEP 401(k)? Sure. 7k each in IRAs, and my wife contributes 5% of her pay (1/2-matched) to her 401k. I won't put anymore of her pay into her 401k becaus...
by delamer
Thu Mar 28, 2019 9:00 pm
Forum: Personal Consumer Issues
Topic: Lifecare community - worth it?
Replies: 33
Views: 2069

Re: Lifecare community - worth it?

I assume the buy-in would be smaller if the refund percentage was lower? Is there a reason you chose the 90% option? Is this a non-profit or for-profit facility? That's how it usually is. Because we don't have major bequest plans, we are hoping to arrange for an extra low entry fee, and *no* refund...
by delamer
Thu Mar 28, 2019 8:58 pm
Forum: Personal Investments
Topic: Allocation for Those Late to the Party
Replies: 76
Views: 2825

Re: Allocation for Those Late to the Party

thatbrian wrote:
Thu Mar 28, 2019 8:41 pm
I'm already maxing out IRA contributions.
Could you outline how much you plan to put into each type of account for you and your wife?

Do you have a SEP 401(k)?
by delamer
Thu Mar 28, 2019 8:36 pm
Forum: Personal Consumer Issues
Topic: Lifecare community - worth it?
Replies: 33
Views: 2069

Re: Lifecare community - worth it?

I assume the buy-in would be smaller if the refund percentage was lower? Is there a reason you chose the 90% option?

Is this a non-profit or for-profit facility?
by delamer
Thu Mar 28, 2019 8:21 pm
Forum: Personal Investments
Topic: Allocation for Those Late to the Party
Replies: 76
Views: 2825

Re: Allocation for Those Late to the Party

Thanks for the welcome, and advice. We are going to save 15% because we are also doubling our mortgage payment at the same time, so we can't afford 20% savings on top of that. Once we retire, we will move to a less costly state, as we are in the north east now, and it's tax and spend. You should st...
by delamer
Thu Mar 28, 2019 7:19 pm
Forum: Personal Investments
Topic: how to invest 400K responsibly
Replies: 8
Views: 1266

Re: how to invest 400K responsibly

As noted above, you’d need about $700,000 in 10 years to safely take $24,000.

That means an annual average return of 5.5%.

You could try the Vanguard LifeStrategy Income Fund, which has returned about 6.0% annually over the last 25 years.
by delamer
Thu Mar 28, 2019 7:03 pm
Forum: Personal Investments
Topic: Allocation for Those Late to the Party
Replies: 76
Views: 2825

Re: Allocation for Those Late to the Party

10k is total, plus equity in our house. No. She will not. I’d be aggressive with your allocation, and possibly dial back once you have a better handle on your Social Security income and expenses closer to retirement. But only if you do make the substantial deposits into your IRAs that you’ve mentio...
by delamer
Thu Mar 28, 2019 6:37 pm
Forum: Personal Investments
Topic: Allocation for Those Late to the Party
Replies: 76
Views: 2825

Re: Allocation for Those Late to the Party

Are your total family retirement savings $10K?

Will your wife have a pension?
by delamer
Thu Mar 28, 2019 3:53 pm
Forum: Personal Investments
Topic: Is "NOW" the right time
Replies: 8
Views: 923

Re: Is "NOW" the right time

I'm 30 yrs old. Went all stocks to drive the finance goal. But have heard that I should be looking into the G and Funds. “Heard” doesn’t really cut it. Different people have different asset allocations based on their individual (or family) circumstances. As others gave mentioned, you need to determ...
by delamer
Thu Mar 28, 2019 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Paying "early" on mortgage may be unwise
Replies: 162
Views: 10655

Re: Paying "early" on mortgage may be unwise

The notion that people deliberately make multiple advance payments on their mortgage interests me. Not additional principal payments, but making early payments of their regular monthly mortgage. I can see it if you pay by check and are going to be traveling on July 1,so you decide to send in your Ju...
by delamer
Wed Mar 27, 2019 8:23 pm
Forum: Personal Investments
Topic: Annuity start date and benefit decisions help
Replies: 10
Views: 463

Re: Annuity start date and benefit decisions help

Given the low withdrawal rate you’d need from your current investments, you’d be fine if you took your pensions and SS right now. Meaning that you still would have plenty of assets to cover long-term care. So I think you should take a close look at the tax consequences of different scenarios. Also, ...
by delamer
Wed Mar 27, 2019 6:37 pm
Forum: Personal Investments
Topic: Annuity start date and benefit decisions help
Replies: 10
Views: 463

Re: Annuity start date and benefit decisions help

It is difficult to make any suggestions without having actual numbers to work with in terms of your potential pension amounts, Social Security benefits, outside investments, and expected expenses in retirement. There is substantial advocacy on this forum for delaying Social Security as long as possi...
by delamer
Wed Mar 27, 2019 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Half of American retirees have no savings
Replies: 49
Views: 1981

Re: Half of American retirees have no savings

Interesting that no mention is made of savings in a taxable account.

My parents never had an IRA or 401(k) because they were not available when my father’s was working.
by delamer
Wed Mar 27, 2019 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: I suspect I may have equity in my car lease. Help?
Replies: 31
Views: 1962

Re: I suspect I may have equity in my car lease. Help?

You can sell the current vehicle directly to CarMax (or presumably some other used car dealer). You don’t have buy it from your Mazda dealer and then resell it. CarMax gives you their purchase price and the difference between that price and what you owe the leasing company is yours. Assuming the you...
by delamer
Wed Mar 27, 2019 2:25 pm
Forum: Investing - Theory, News & General
Topic: Help me with my retirement math
Replies: 7
Views: 704

Re: Help me with my retirement math

I think I'm approaching this the wrong way and thats my problem. I'm trying to find the right number which represents a SWR over a 40yr time which leaves around $0 but doesnt completely run out of money before then. Portfolio Charts has already given me that number, which is 3.8%/3.2%. Given I want...
by delamer
Wed Mar 27, 2019 1:59 pm
Forum: Personal Investments
Topic: Should I bail on 4XX accounts and go to IRA
Replies: 3
Views: 195

Re: Should I bail on 4XX accounts and go to IRA

Here’s a link to the recommended lazy portfolios with ticker symbols: https://www.bogleheads.org/wiki/Lazy_portfolios I’d wait to do any rollovers until all the changes in your plans have occurred. I understand your concern about “transparency.” Too often it means just the opposite. But there is no ...
by delamer
Wed Mar 27, 2019 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Planning Guidance Needed
Replies: 8
Views: 524

Re: Financial Planning Guidance Needed

Just wanted to emphasize what a couple other posters have suggested — make the time to track your spending for a few months. Some of your expenses are pretty easy to determine, like payroll taxes, income taxes, medical insurance, mortgage which are fixed. For the rest, try putting everything on cred...