Search found 11596 matches

by The Wizard
Mon Jun 11, 2018 6:16 pm
Forum: Investing - Help with Personal Investments
Topic: Moving Employer 401K to Vanguard- Questions on RMD Strategy
Replies: 6
Views: 390

Re: Moving Employer 401K to Vanguard- Questions on RMD Strategy

Decide on your desired AA first, yes.
Then set up your RMD as twelve equal monthly withdrawals, pro rata from the mix of investments you have.
A simple plan WINS!
by The Wizard
Mon Jun 11, 2018 2:41 pm
Forum: Personal Consumer Issues
Topic: Life in retirement - what did you do today?
Replies: 174
Views: 13901

Re: Life in retirement - what did you do today?

HongKonger wrote:
Mon Jun 11, 2018 2:30 pm
...Hopefully I can get back to cement making in the morning...
Where will this cement go once it's made?
I have a cement (concrete actually) mixer also and need to get busy and put forms in place for my expanded backyard shed...
by The Wizard
Mon Jun 11, 2018 11:38 am
Forum: Personal Consumer Issues
Topic: Life in retirement - what did you do today?
Replies: 174
Views: 13901

Re: Life in retirement - what did you do today?

...I plan to take Spanish at my local community college in the fall. They do not offer sufficient advanced classes. I suppose I should start to read Spanish newspapers and all of the books I have! There are a few Spanish language TV stations here and I assume in your area also. Watching Spanish soa...
by The Wizard
Mon Jun 11, 2018 10:13 am
Forum: Personal Consumer Issues
Topic: Light Camping Trailer
Replies: 42
Views: 3314

Re: Light Camping Trailer

Search for Casita travel trailers, made in Texas...
by The Wizard
Mon Jun 11, 2018 9:45 am
Forum: Personal Consumer Issues
Topic: Life in retirement - what did you do today?
Replies: 174
Views: 13901

Re: Life in retirement - what did you do today?

So far today, I watered a small section of newly planted grass, changed the veggie garden watering timer from 5 min every six hours to ten minutes, and got a modest load of free logs from the leaf dump for firewood when it gets cold again. I'm heading out shortly to cut those logs to size and stack ...
by The Wizard
Mon Jun 11, 2018 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Converted
Replies: 4
Views: 386

Re: Backdoor Roth Converted

Either convert that now or wait till next year and convert 100% of your tIRA then.
I did a backdoor Roth two years ago and my $6500 in tIRA had grown to over $6700 by the time I converted it all to Roth IRA...
by The Wizard
Mon Jun 11, 2018 9:22 am
Forum: Personal Consumer Issues
Topic: Recommendation for good charging station to charge phones, tablets
Replies: 9
Views: 514

Re: Recommendation for good charging station to charge phones, tablets

I just use a six outlet receptacle block with a four foot cord on the floor between the sofa and chair.
But for my smartphone, which I use most often, I have five charging locations: one in each vehicle and three around the house...
by The Wizard
Sun Jun 10, 2018 4:04 pm
Forum: Investing - Theory, News & General
Topic: Why large cap if small cap is better?
Replies: 20
Views: 1492

Re: Why large cap if small cap is better?

Well, looking at my boring portfolio, I have large cap, I have mid-cap, I have small-cap, plus I have a good amount of useless internationals just for the fun of it . . . and I intend to keep ALL of them. Your money, your portfolio, your decision. Buena suerte, y gracias por leer ~cfs~ *chuckling @...
by The Wizard
Sun Jun 10, 2018 10:54 am
Forum: Investing - Help with Personal Investments
Topic: Do you change your AA in discrete chunks or gradually?
Replies: 20
Views: 1357

Re: Do you change your AA in discrete chunks or gradually?

scrabbler1 wrote:
Sun Jun 10, 2018 10:51 am
...to the point where I am now basically playing with the house's money in the stock fund.
The house's money, eh?
:annoyed
by The Wizard
Sun Jun 10, 2018 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Do you change your AA in discrete chunks or gradually?
Replies: 20
Views: 1357

Re: Do you change your AA in discrete chunks or gradually?

Back when rebalancing was part of my modus operandi, I never made a rebalancing move (or any other change to allocations) that exceeded one percent of the total portfolio value in a given month. That was either conservative, smart or a security blanket. This was exactly what I did, 1% moves. I foun...
by The Wizard
Sun Jun 10, 2018 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Are you including SS in your planning model? Are the benefits really that high?
Replies: 148
Views: 10965

Re: Are you including SS in your planning model? Are the benefits really that high?

You would be omitting millions of dollars in lifetime income from your plans... "Millions" might be pushing it a bit. But yes, if you file for SS this year at age 70 and get $40,000 per year (close to the maximum amount) then by somewhere in your early 90s, depending on annual COLAs, you will have ...
by The Wizard
Sun Jun 10, 2018 8:06 am
Forum: Investing - Help with Personal Investments
Topic: Windfall advice for an overwhelmed person
Replies: 76
Views: 5980

Re: Is Bogleheads not right for me? Trying to generate monthly income before retirement

... And yes, I need to focus on the monthly income because I need to make interest payments each month, I have detailed spreadsheets for estimating a risk-adjusted return, and any year that I would dip below my interest rates are very bad (as you mentioned, bone breaking bad). I understand that I w...
by The Wizard
Sat Jun 09, 2018 9:08 am
Forum: Investing - Theory, News & General
Topic: Anyone else cheap like me and have to put new $s into the asset class that's down the most?
Replies: 23
Views: 2600

Re: Anyone else cheap like me and have to put new $s into the asset class that's down the most?

I don't think I missed his point but I'm certain you've missed mine. I advocate for setting and forgetting your 401K. Choose well and leave it alone. Auto-invest. Rebalance rarely. Adjusting anything monthly is a poor habit to develop, IMO. No I didn't miss your point. But looks like we'll just hav...
by The Wizard
Sat Jun 09, 2018 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Are you including SS in your planning model? Are the benefits really that high?
Replies: 148
Views: 10965

Re: Are you including SS in your planning model? Are the benefits really that high?

Wait until somebody pipes in and says "$40K won't pay for even one of our Viking River cruises!" "NO, SS benefits are NOT high at all when we are planning to have $400K income in retirement." Doesn't everybody on this forum aspire to be in the 8-figure club? Once you are there, SS benefits indeed a...
by The Wizard
Sat Jun 09, 2018 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Are you including SS in your planning model? Are the benefits really that high?
Replies: 148
Views: 10965

Re: Are you including SS in your planning model? Are the benefits really that high?

I don't think I did ANY modelling of retirement income until somewhere in my early 50s. I just focused on increasing my accumulation back then. But then prior to retirement at age 63, I put together a spreadsheet showing conservative retirement income estimates year by year, with SS starting at 70 a...
by The Wizard
Fri Jun 08, 2018 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: questions about TIAA traditional fund in 401K
Replies: 9
Views: 324

Re: questions about TIAA traditional fund in 401K

2. What is the expense/fee to own TIAA traditional? It is easy to find the expense ratio info for other offered mutual funds in her 401K, but not for TIAA traditional. There is no fee or expense associated with TIAA Traditional. It is an annuity contract, not an investment. Sort of. I would downpla...
by The Wizard
Fri Jun 08, 2018 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: FIREcalc vs Delayed SS
Replies: 16
Views: 708

Re: FIREcalc vs Delayed SS

Isn't the sequence of return risk reduced no matter what the portfolio is because I am withdrawing less from the porfolio by taking SS @ 62 ? adding 500K to beginning portfolio SS @ 62 = 99% SS @ 70 = 94% FWIW I am not attempting to find 100% success, more asking WHY delay taking SS, if this progra...
by The Wizard
Fri Jun 08, 2018 2:51 pm
Forum: Investing - Theory, News & General
Topic: Anyone else cheap like me and have to put new $s into the asset class that's down the most?
Replies: 23
Views: 2600

Re: Anyone else cheap like me and have to put new $s into the asset class that's down the most?

Never. Auto investing is the great feature of a 401K plan. Pick a Target Fund or broad low-cost index fund (or two) and auto invest for years and years. Pay very little attention. Definitely don't insert yourself yourself into the process with frequent changes. Morgan Housel, in his recent piece po...
by The Wizard
Fri Jun 08, 2018 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: FIREcalc vs Delayed SS
Replies: 16
Views: 708

Re: FIREcalc vs Delayed SS

It's probably the bad sequence of returns in the first 3-5 years biting you.
Run it again with an additional $500k of portfolio size and the difference should be considerably less...
by The Wizard
Fri Jun 08, 2018 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Safe harbor on estimated taxes
Replies: 4
Views: 507

Re: Safe harbor on estimated taxes

Sounds good to me.

Of course, your 110% safe harbor for the following year will be unreasonably large, so you'll need a different one then...
by The Wizard
Thu Jun 07, 2018 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: all RMD withholding at YearEnd
Replies: 11
Views: 588

Re: all RMD withholding at YearEnd

Year end doesn’t need to be the last week of December. I would imagine you have a good idea of tax liabilities the first week of November, leaving time for further rmds if required. Incorrect terminology. Your RMD for each year should be known by New Year's Day. I think what you mean is: if your to...
by The Wizard
Thu Jun 07, 2018 5:13 am
Forum: Investing - Theory, News & General
Topic: Don’t cheat yourself with the 4% rule
Replies: 159
Views: 17787

Re: Don’t cheat yourself with the 4% r

“I’m planning on a 2.5% [1.5%...0.5%...] portfolio withdrawal rate” is more an implicit brag about the size of poster’s portfolio than a reasoned objection to the so-called 4% rule. To the extent that is even a rule, 4% is designed for retirees of *relatively* modest means who are concerned—in thei...
by The Wizard
Thu Jun 07, 2018 4:56 am
Forum: Investing - Theory, News & General
Topic: Don’t cheat yourself with the 4% rule
Replies: 159
Views: 17787

Re: Don’t cheat yourself with the 4% rule

People often conflate RMDs with spending. The '4% rule' only addresses spending, and RMDs need not be spent at all. You must withdraw RMDs from certain, usually tax-deferred accounts, but you don't have to spend a dime of that money beyond potentially paying taxes on it. Many who have no need to sp...
by The Wizard
Thu Jun 07, 2018 4:40 am
Forum: Investing - Help with Personal Investments
Topic: Near Term Expenses and Asset Allocation
Replies: 8
Views: 696

Re: Near Term Expenses and Asset Allocation

I pay vacation and travel expenses from my checking account, sometimes called the cash flow payment method. I'll pay for my next new car from my taxable investment account, presently all in total stock market VTSAX. In the event of a stock market crash at the wrong time, I have the option of delayin...
by The Wizard
Wed Jun 06, 2018 1:53 pm
Forum: Investing - Theory, News & General
Topic: WSJ:Social Security Expected to Dip Into Its Reserves This Year
Replies: 61
Views: 3006

Re: Social Security crossover point has arrived

FPS_dapdap wrote:
Wed Jun 06, 2018 12:28 pm

why would a millennial start paying in more to cover YOUR SS when there wont be any left by the time a millennial reaches 70?
Because that's the way it's always worked?
by The Wizard
Wed Jun 06, 2018 1:07 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's own 401k plan eliminating S&P 500 Index option!
Replies: 86
Views: 7431

Re: Vanguard's own 401k plan eliminating S&P 500 Index option!

shelanman wrote:
Wed Jun 06, 2018 12:25 pm
Is there some reason for 401k plans to have such limited choices?

Why doesn't Vanguard (or any employer) just let you pick whatever funds you want?
Too many choices leads to Analysis Paralysis...
by The Wizard
Wed Jun 06, 2018 9:50 am
Forum: Investing - Theory, News & General
Topic: FOMO (Fear Of Missing Out) and your portfolio?
Replies: 23
Views: 2292

Re: FOMO (Fear Of Missing Out) and your portfolio?

If I had a good portion of my portfolio in MM funds waiting for the coming crash to get back into the market, then I would likely have Fear of Missing Out.... Wouldn't it be the opposite? One invests in equities because you fear missing out on a soaring stock market? Being in cash shows a willingne...
by The Wizard
Wed Jun 06, 2018 9:27 am
Forum: Investing - Theory, News & General
Topic: FOMO (Fear Of Missing Out) and your portfolio?
Replies: 23
Views: 2292

Re: FOMO (Fear Of Missing Out) and your portfolio?

If I had a good portion of my portfolio in MM funds waiting for the coming crash to get back into the market, then I would likely have Fear of Missing Out.... Wouldn't it be the opposite? One invests in equities because you fear missing out on a soaring stock market? Being in cash shows a willingne...
by The Wizard
Wed Jun 06, 2018 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Decisions and purchases before retirement
Replies: 16
Views: 1499

Re: Decisions and purchases before retirement

2) Brand new comfortable paid off cars I never got this idea of buying a new car in preparation for retirement. I do know people who have done it. Unless your driving needs change in retirement, why not just continue on your normal vehicle replacement schedule? I retired last year and find I am dri...
by The Wizard
Wed Jun 06, 2018 9:02 am
Forum: Investing - Theory, News & General
Topic: FOMO (Fear Of Missing Out) and your portfolio?
Replies: 23
Views: 2292

Re: FOMO (Fear Of Missing Out) and your portfolio?

If I had a good portion of my portfolio in MM funds waiting for the coming crash to get back into the market, then I would likely have Fear of Missing Out.
But I don't.
I have 60% of my portfolio on diversified stock funds, which is about right for my risk tolerance.
So I'm good...
by The Wizard
Wed Jun 06, 2018 8:46 am
Forum: Investing - Help with Personal Investments
Topic: pension
Replies: 12
Views: 1415

Re: pension

OP doesn't give his age, but one should be planning based on total Desired Income in retirement. Assuming you're eligible for SS, then there might be a delay of a few years after starting your pension before SS starts. So you'll want a fixed duration income stream from your portfolio to bridge the g...
by The Wizard
Wed Jun 06, 2018 4:30 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 433
Views: 50117

Re: How much money do you want to retire?

amitb00 wrote:
Tue Jun 05, 2018 8:24 pm
I will like to have 4-5m to retire. I will guess my expenses are 130K a year. It will take me sometime to reach there.
$130k per year is high for basic expenses.
Are you padding your basics with significant additional funds for recreational activities in retirement to get that number?
by The Wizard
Tue Jun 05, 2018 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: Need income streams for two different time frames?
Replies: 2
Views: 210

Re: Need income streams for two different time frames?

See if you can change the annuity payouts to cover your actual lifetimes, as they should. That's what I have...
by The Wizard
Tue Jun 05, 2018 12:13 pm
Forum: Personal Consumer Issues
Topic: Top Shelf Liquor Overrated?
Replies: 172
Views: 13929

Re: Top Shelf Liquor Overrated?

FireProof wrote:
Mon Jun 04, 2018 4:22 pm
In blind tests, even noted experts have proven time and time again not to be able to tell the difference.
No they haven't...
by The Wizard
Tue Jun 05, 2018 9:37 am
Forum: Investing - Help with Personal Investments
Topic: 401a and social security
Replies: 8
Views: 581

Re: 401a and social security

One needs at least 40 quarters of pay-in to SS to qualify for benefits, so she might not be there quite yet. But a few more job hops and she should be good.

And secondly, that 401a pension gets corrected for by SS once you start receiving SS benefits. Google the term Government Pension Offset...
by The Wizard
Mon Jun 04, 2018 10:01 pm
Forum: Investing - Help with Personal Investments
Topic: Annuitizing a deferred / variable annuity?
Replies: 41
Views: 2011

Re: Annuitizing a deferred / variable annuity?

...As others have pointed out, the income tax cost is that if you invested without an annuity, the investment income could be qualified dividends, capital gains, tax-exempt income, or unrealized appreciation. This is simply incorrect when dealing with tax deferred accumulations in a 401(k) or 403(b...
by The Wizard
Mon Jun 04, 2018 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: Annuitizing a deferred / variable annuity?
Replies: 41
Views: 2011

Re: Annuitizing a deferred / variable annuity?

There is usually no good solution to an investment-type annuity. If you cash it in all at once, you'll bunch the income into a single year. If you keep it, including if you annuitize it, you'll continue to incur the costs of the annuity and you'll continue to turn the future qualified dividends and...
by The Wizard
Mon Jun 04, 2018 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA reduction without "life changing event?"
Replies: 7
Views: 600

Re: IRMAA reduction without "life changing event?"

Well you can make the appointment and see what happens, but strictly speaking, the rules are what they are, meaning that Roth conversions can cause higher IRMAA tiers and stopping them later is not cause for putting you back in a lower tier prematurely. Now I had higher MAGI in 2016 due to part-time...
by The Wizard
Mon Jun 04, 2018 11:36 am
Forum: Personal Consumer Issues
Topic: Do you think I need FIOS Quantum Gateway router with 940Mbps speed?
Replies: 29
Views: 1704

Re: Do you think I need FIOS Quantum Gateway router with 940Mbps speed?

Ignore the sales hyper pressure.
I have 30/30 FiOS and it's fine.
But I have three WiFi access points, so nowhere in the house has weak WiFi...
by The Wizard
Sun Jun 03, 2018 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 433
Views: 50117

Re: How much money do you want to retire?

LadyGeek wrote:
Sun Jun 03, 2018 6:46 pm
^^^ That seems a bit irrational. :D
Umm, yes.
Irrational would be entirely accurate...
by The Wizard
Sun Jun 03, 2018 10:20 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 433
Views: 50117

Re: How much money do you want to retire?

SQRT wrote:
Sun Jun 03, 2018 9:10 am

...Obviously, it can be easily done for a fraction of this amount but that wasn’t the question. The question used “want” not “need”.
Good point.
I never wanted to be a stay at home retiree...
by The Wizard
Sun Jun 03, 2018 8:49 am
Forum: Personal Consumer Issues
Topic: Is our monthly Personal money out of line?
Replies: 74
Views: 7385

Re: Is our monthly Personal money out of line?

I've been retired for a while now, so I guess my entire income is Personal Money now. So I'd say around $10k per month (gross) is a good start for this category. Routine personal expenses are way less than that, of course, but I put aside maybe $1000/month in my new car cash fund. And travel expense...
by The Wizard
Sun Jun 03, 2018 5:05 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 433
Views: 50117

Re: How much money do you want to retire?

41 y/o, wife is 37. Currently have about 900K. Will retire with absolute certainty the day I turn 50 regardless of how much or little I have. Counting on SS being zero. To each their own but I'm seriously blown away at the numbers posted here that some people need. It depends a lot on Desired Incom...
by The Wizard
Sun Jun 03, 2018 4:32 am
Forum: Personal Finance (Not Investing)
Topic: Max out 401k w/credit card debt?
Replies: 30
Views: 1853

Re: Max out 401k w/credit card debt?

Yes, knowing more about how the CC debt came to be would be helpful. I maintain a certain target checking account balance (not really an emergency fund) so that the occasional month when a lot of various expenses converge can be dealt with easily. As others suggest, cutting the 529s for a year or tw...
by The Wizard
Sat Jun 02, 2018 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: Max out 401k w/credit card debt?
Replies: 30
Views: 1853

Re: Max out 401k w/credit card debt?

CC debt is odious.
I would focus on eliminating it...
by The Wizard
Sat Jun 02, 2018 10:41 am
Forum: Investing - Theory, News & General
Topic: Wade Pfau's Retirement Dashboard and the SOA Annuity Factor Calculator
Replies: 7
Views: 1196

Re: Wade Pfau's Retirement Dashboard and the SOA Annuity Factor Calculator

Bumping this thread as this is an excellent post. We should be thinking in terms of what it costs to purchase an income stream sufficient for us to retire on. In other words, we should think of retirement income and not so much about portfolio size. Quite so. I monitored annuity payout rates with m...
by The Wizard
Fri Jun 01, 2018 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Re-marriage and claiming social security on ex-spouse
Replies: 10
Views: 1766

Re: Re-marriage and claiming social security on ex-spouse

John Z wrote:
Fri Jun 01, 2018 3:00 pm
Go to:
https://www.ssa.gov/planners/retire/divspouse.html
That simplified explanation at the SSA website doesn't address the more detailed explanation in the POMS about marrying a widower.
We need sscritic to clarify this for us...
by The Wizard
Fri Jun 01, 2018 8:09 am
Forum: Personal Consumer Issues
Topic: Top Shelf Liquor Overrated?
Replies: 172
Views: 13929

Re: Top Shelf Liquor Overrated?

JPH wrote:
Fri Jun 01, 2018 7:27 am

If the placebo effect is real and adds to your enjoyment, then why not pay for it?
A most excellent observation, this...
by The Wizard
Fri Jun 01, 2018 7:35 am
Forum: Investing - Theory, News & General
Topic: Investment money is "Fungible"
Replies: 82
Views: 5485

Re: Investment money is "Fungible"

I think the terms "fungible" and "liquid" are related. All money held in a liquid form is fungible but once the money is converted to another form (buy a lottery ticket?) or placed in an inaccessible place (put into a trust?) it s no longer fungible with unconstrained money. A less absolute example...
by The Wizard
Thu May 31, 2018 10:37 pm
Forum: Investing - Theory, News & General
Topic: Investment money is "Fungible"
Replies: 82
Views: 5485

Re: Investment money is "Fungible"

If I give you a dollar, would you know where I got it, or that it was different from another dollar I could have given you instead? It's a dollar no matter how I got it. Risk should be managed across a portfolio, not in a bucket. Perhaps. But if I need that dollar, along with quite a few more, for ...