Search found 1320 matches

by RetiredAL
Sun Apr 18, 2021 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Earthquake Insurance
Replies: 13
Views: 911

Re: Earthquake Insurance

We live in the Seattle area. Our EQ cover is a little over $3,500/year with a $425K+ deductible. We have an expensive house with no mortgage, so the house is a material part of our net worth. I think about dropping EQ cover every year, but a total loss of the house would be painful--painful enough ...
by RetiredAL
Wed Apr 14, 2021 2:47 pm
Forum: Personal Consumer Issues
Topic: Navy Federal CU Online Site Down
Replies: 9
Views: 659

Re: Navy Federal CU Online Site Down

Looks like is has problem today. I got access denied after submitted username and password. NFCU locks online access if you have not logged in the last 12 months, as a security item. Regardless as to why it's locked, you need to call them to re-enable it. Last time I got dinged by this, about 2 yea...
by RetiredAL
Tue Apr 13, 2021 6:48 pm
Forum: Personal Consumer Issues
Topic: Bird watchers – what birds are you seeing?
Replies: 1077
Views: 48951

Re: Bird watchers – what birds are you seeing?

Yes, the are quite protective parents. Beside the Mom fake, Dad showed up too. Last year, when the babies were about a week old and I was watching them bob around in the adjacent lawn area, both she and Dad alerted, the babies all ran under Mom, and Dad flew off towards a hawk as distraction. Mr haw...
by RetiredAL
Tue Apr 13, 2021 6:00 pm
Forum: Personal Consumer Issues
Topic: Bird watchers – what birds are you seeing?
Replies: 1077
Views: 48951

Re: Bird watchers – what birds are you seeing?

Nice! One neat thing about the parents is that they will pretend to be injured if you get too close and will sort of limp away from you - you're supposed to be drawn away from the nest to go after the parents. They'll fly off once you move far enough away from the nest. Broken wing display https://...
by RetiredAL
Tue Apr 13, 2021 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Sell investments for house down payment ?
Replies: 9
Views: 661

Re: Sell investments for house down payment ?

My son did that exact thing 15 month's ago using part of what had been his UGMA money.
by RetiredAL
Tue Apr 13, 2021 3:45 pm
Forum: Personal Consumer Issues
Topic: Bird watchers – what birds are you seeing?
Replies: 1077
Views: 48951

Re: Bird watchers – what birds are you seeing?

Killdeer nest from last week. Same place as last year. The nest is out in the open. Mom was nearby and was not happy. When they hatch, they quickly vacate the nest, are only thumb sized, and not discernible in the grass unless they move, then they look like a moving fuzz ball. https://i.postimg.cc/4...
by RetiredAL
Tue Apr 13, 2021 3:32 pm
Forum: Personal Consumer Issues
Topic: Bird watchers – what birds are you seeing?
Replies: 1077
Views: 48951

Re: Bird watchers – what birds are you seeing?

First Goslings of the year.....

Image
by RetiredAL
Mon Apr 12, 2021 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: UTMA and Downstream Capital Gains?
Replies: 4
Views: 381

Re: UTMA and Downstream Capital Gains?

Fellow Bogleheads, I am a long-term reader, first-time poster. I would like to invite your thoughts on the following proposed plan. My musings on this subject all came from Spirit Rider's thoughts in a prior thread: https://www.bogleheads.org/forum/viewtopic.php?f=2&t=229903 Some numbers are fu...
by RetiredAL
Sun Apr 11, 2021 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB
Replies: 154
Views: 11209

Re: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB

My advice is diversify your tax-location just like your asset allocation . For decades, I always assumed (with good reason) that I would have a lower tax rate in retirement so went all in on pre-tax retirement deferrals. Well, behold here I am in the final stretch before retirement and I really rea...
by RetiredAL
Sun Apr 11, 2021 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB
Replies: 154
Views: 11209

Re: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB

Cold hard fact I found now that I am retired: With our $50K in SS, anything past approx $25K additional ($75K gross) puts us into the current 22% bracket. So every $ I convert to my Roth, I pay 22% as Fed Taxes. As a comparison, 22% normally starts around $115K gross for working folks. What was you...
by RetiredAL
Sun Apr 11, 2021 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB
Replies: 154
Views: 11209

Re: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB

Cold hard fact I found now that I am retired: With our $50K in SS, anything past approx $25K additional ($75K gross) puts us into the current 22% bracket. So every $ I convert to my Roth, I pay 22% as Fed Taxes. As a comparison, 22% normally starts around $115K gross for working folks. What was you...
by RetiredAL
Sat Apr 10, 2021 11:55 pm
Forum: Personal Consumer Issues
Topic: Help analyze my HVAC decision
Replies: 19
Views: 1628

Re: Help analyze my HVAC decision

I got a 20 seer heatpump with a variable speed compressor and air handler. Running a motor at variable speed is not a big deal nowadays and since they are dc motors no caps to go bad . Most of the time it ticks over at 18 - 50 % which is apparently more efficient and definitely quieter and nicer. T...
by RetiredAL
Sat Apr 10, 2021 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB
Replies: 154
Views: 11209

Re: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB

For the most part, only a small minority of retirees will be in a higher tax bracket than when they were working (unless they move to a state with higher taxes). And I don't feel sorry for those who are because it will nearly always (apart from the potentially lost child tax credit) mean that they ...
by RetiredAL
Sat Apr 10, 2021 7:52 pm
Forum: Personal Consumer Issues
Topic: Help analyze my HVAC decision
Replies: 19
Views: 1628

Re: Help analyze my HVAC decision

I got a 20 seer heatpump with a variable speed compressor and air handler. Running a motor at variable speed is not a big deal nowadays and since they are dc motors no caps to go bad . Most of the time it ticks over at 18 - 50 % which is apparently more efficient and definitely quieter and nicer. T...
by RetiredAL
Sat Apr 10, 2021 7:17 pm
Forum: Personal Investments
Topic: Taxes and rolling over pension lump sum
Replies: 18
Views: 1192

Re: Taxes and rolling over pension lump sum

Do look at how much of that "lump" rollover IRA can be converted each year without raising your tax rate for that year. Doing it multi-year achieves the same result at a potentially lower tax cost. While doing this multi-year conversion, you can continue to yearly contribute non-deductibl...
by RetiredAL
Sat Apr 10, 2021 5:39 pm
Forum: Personal Investments
Topic: Taxes and rolling over pension lump sum
Replies: 18
Views: 1192

Re: Taxes and rolling over pension lump sum

Do look at how much of that "lump" rollover IRA can be converted each year without raising your tax rate for that year. Doing it multi-year achieves the same result at a potentially lower tax cost. While doing this multi-year conversion, you can continue to yearly contribute non-deductible...
by RetiredAL
Sat Apr 10, 2021 2:28 pm
Forum: Personal Investments
Topic: Analysis paralysis about International in Taxable Account
Replies: 26
Views: 1581

Re: Analysis paralysis about International in Taxable Account

Nate7out wrote: Sat Apr 10, 2021 9:45 am I think you need about $250k in vtiax before yo have to worry about the extra form.

Don't let the perfect be the enemy of the good.
+1
by RetiredAL
Fri Apr 09, 2021 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block not allowing stock sale on 1099-B
Replies: 11
Views: 721

Re: H&R Block not allowing stock sale on 1099-B

I did not get this msg but had issues with a HRB between a personal stock sale vs Sched C stock/capital sale. Towards the end of the Sched C (1099 income) questionnaire, which is before the investment questionnaire, it asked about 1099 capital sales, which I thought was the start of investment quest...
by RetiredAL
Thu Apr 08, 2021 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 286
Views: 20861

Re: How much do you spend annually in retirement?

We have been retired 5 years. We have been doing quite fine on around 75-80K a year, not counting the year the roof was replaced. UHCOL area of CA but our mortgage has been long paid off. Our medicare part B, supplemental, and drug insurance costs are on par with my employment years medical insuranc...
by RetiredAL
Sun Apr 04, 2021 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Any reason to file taxes before May 17?
Replies: 34
Views: 3638

Re: Any reason to file taxes before May 17?

1) it is done and you don't forget 2) if there are any issues, there is time to correct them You can file and arrange payment for a later date if you do so electronically. +1 to sailaway -- I'm not saying to Afty that you may not have everything nailed down tight, but to others: Way too many post t...
by RetiredAL
Sat Apr 03, 2021 8:48 pm
Forum: Personal Consumer Issues
Topic: Repair or Replace 2003 Toyota Corolla
Replies: 67
Views: 5629

Re: Repair or Replace 2003 Toyota Corolla

Those are pretty standard shop talk items for when we see a money bags! The belts wear and at some point of time, they need replacement. Alternator?? Unless it's whining from a bad bearing, no way. A alternator electrical failure means your battery will not be charging. Struts only if they are leaki...
by RetiredAL
Sat Apr 03, 2021 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Which life insurance to get? Work vs. personal policy
Replies: 34
Views: 2299

Re: Which life insurance to get? Work vs. personal policy

I have both. I would never rely on work based life insurance. I had a policy at a former employer that I checked into porting before leaving and it was unbelievably expensive. I was able to get a policy that month at 20% the price on my own. I figured either my employer was getting ripped off (not ...
by RetiredAL
Fri Apr 02, 2021 2:29 pm
Forum: Investing - Theory, News & General
Topic: Common Cents On Roth Conversions
Replies: 32
Views: 3939

Re: Common Cents On Roth Conversions

Nice article on the math of Roth v IRA v Taxable with some clear charts. https://seekingalpha.com/article/4417323-common-cents-roth-conversions?mail_subject=forget-tesla-these-2-high-yielding-stocks-win-no-matter-what&utm_campaign=nl-investing-income&utm_content=link-21&utm_medium=email...
by RetiredAL
Thu Apr 01, 2021 7:03 pm
Forum: Personal Consumer Issues
Topic: Laser Printer: Buy a New One?
Replies: 54
Views: 3875

Re: Laser Printer: Buy a New One?

All printers and copiers tend to over time, get a glaze on the rubber feed rollers, caused by the paper itself.

A quick fix is to use an emery board on the rollers to lightly roughen them up.
by RetiredAL
Thu Apr 01, 2021 6:15 pm
Forum: Personal Investments
Topic: Rollover IRA at Schwab: Any experience?
Replies: 21
Views: 1351

Re: Rollover IRA at Schwab: Any experience?

OP: If you live near a local Schwab office and your 401K people will only send the check to you (common), you take the check to Schwab and it will post to your account overnight. However, I re-iterate that the check must be made out the "Schwab, Account#, FBO your name" for a direct custod...
by RetiredAL
Thu Apr 01, 2021 4:15 pm
Forum: Personal Investments
Topic: Vanguard site issues
Replies: 54
Views: 4561

Re: Vanguard site issues

IMO, it is foolish for one to wait to the last second to transact for an important planned money event. Any time I've had something really important, I had the $ in hand at our local bank well before the needed date, or confirmed at the brokerage before before that buy. There are many whaaaa-whaaaa...
by RetiredAL
Thu Apr 01, 2021 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Do you trust the current value of your portfolio?
Replies: 130
Views: 9207

Re: Do you trust the current value of your portfolio?

I am ridiculously conservative and discount our net worth around 50%. We could get by on a 1-2% withdrawal rate. +1 to Tomato's thoughts. When I retired, my withdrawal rate was 2%, so I knew an market drop of 50% would not have me eating dog food. Today 5 years later, and yes it's be a good run, my...
by RetiredAL
Thu Apr 01, 2021 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Do you trust the current value of your portfolio?
Replies: 130
Views: 9207

Re: Do you trust the current value of your portfolio?

I am ridiculously conservative and discount our net worth around 50%. We could get by on a 1-2% withdrawal rate. +1 to Tomato's thoughts. When I retired, my withdrawal rate was 2%, so I knew an market drop of 50% would not have me eating dog food. Today 5 years later, and yes it's be a good run, my...
by RetiredAL
Thu Apr 01, 2021 1:42 pm
Forum: Personal Investments
Topic: Vanguard site issues
Replies: 54
Views: 4561

Re: Vanguard site issues

I quite literally cannot think of any reason why I would truly need to log in to Vanguard, and couldn't just go back on the next day. I would assume this also applies to most passive investors who are truly following the Bogleheads' strategy. Here are a few reasons why someone might need to have ac...
by RetiredAL
Thu Apr 01, 2021 1:20 pm
Forum: Personal Investments
Topic: Rollover IRA at Schwab: Any experience?
Replies: 21
Views: 1351

Re: Rollover IRA at Schwab: Any experience?

Not a tax expert by any means but I don't believe that cost basis comes into play for 401k accounts. Presumably all the money contributed into a 401k was tax deferred and would be subject to tax at withdrawal or Roth conversion. OP: David brings up a good point. If any after-tax exists in your 401K...
by RetiredAL
Thu Apr 01, 2021 12:44 pm
Forum: Personal Investments
Topic: Rollover IRA at Schwab: Any experience?
Replies: 21
Views: 1351

Re: Rollover IRA at Schwab: Any experience?

RM: A "Rollover iRA" is simply a pre-tax IRA when the funds come from a roll-over, rather than from new tax-deferred contributions. One difference is that a "Rollover IRA" might, depending upon state, have some extra protections vs. a plain vanilla IRA (a bit more like the 401k ...
by RetiredAL
Wed Mar 31, 2021 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: How much retirement notice to give
Replies: 66
Views: 3666

Re: How much retirement notice to give

I retired effective the month I turned 66. My boss knew 2 years before that this was planned, and 4 month's ahead I set the actual date. My pro-rated bonus (for 4 months) was paid on schedule the following Feb. Of note, part of that bonus was initially directed towards my now closed 401K (I rolled i...
by RetiredAL
Wed Mar 31, 2021 1:07 pm
Forum: Investing - Theory, News & General
Topic: For those using a Roth IRA since the beginning (1998?), what's your balance? (Come on, we're anonymous)
Replies: 68
Views: 6410

Re: For those using a Roth IRA since the beginning (1998?), what's your balance? (Come on, we're anonymous)

I believe we started in 1999, 2000 for sure. I fully funded both DW's and mine contributions each year. I retired in 2016, but had enough residual income for funding 2017 and 2018. So call it 19 years of contributions in total. Today, not including conversions, our Roths are $275K $375K combined. My...
by RetiredAL
Tue Mar 30, 2021 10:32 pm
Forum: Personal Investments
Topic: Comparing Bond Funds - Short Term Federal vs alternatives?
Replies: 4
Views: 488

Re: Comparing Bond Funds - Short Term Federal vs alternatives?

I have a large holding of ISTB, iShares Core 1-5 Year USD Bond ETF, and have been quite happy with it over the last 10 months, by both the return, and its lesser volatility.

My other large holding is FXNAX, which has been more volatile.
by RetiredAL
Mon Mar 29, 2021 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: TaxAct not updated yet for 2020 changes
Replies: 8
Views: 750

Re: TaxAct not updated yet for 2020 changes

I ditched them this year after 15 years of tax returns with them when I clicked "yes" on one button indicating I had self employment income (and thus had to upgrade to their higher tier ), then found there was no way to undo that except for STARTING THE ENTIRE FREAKING RETURN ALL OVER whe...
by RetiredAL
Sun Mar 28, 2021 12:37 pm
Forum: Personal Investments
Topic: Managing investments for an elderly relative
Replies: 61
Views: 4233

Re: Managing investments for an elderly relative

Does Fidelity have anything comparable to Vanguard's PAS? I know whichever route I go, it will not be another "full service" wealth management service. The only reasons I am leaning towards Fidelity is that my 401k is there and my minor daughter's IRA is there and they have a local branch...
by RetiredAL
Fri Mar 26, 2021 8:26 pm
Forum: Personal Investments
Topic: Employer transitioning to Collective Investment Trusts/CITs
Replies: 18
Views: 753

Re: Employer transitioning to Collective Investment Trusts/CITs

I'll add to the heap that CIT's are good. My company 401K switched to these in 2013. Without a symbol, direct tracking is not possible. However, you can find an equivalent fund for relative tracking the CIT. CIT expenses are lower because the custodian doesn't have to do all the income to dividend t...
by RetiredAL
Fri Mar 26, 2021 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Irrevocable trust proposed for parent with early dementia
Replies: 18
Views: 2078

Re: Irrevocable trust proposed for parent with early dementia

OP here. Thanks for the great information so far, everyone! My parents said they would like to go this way, but I’m not sure if they understand the mechanics 100%. On the call with the lawyer where this idea was introduced, I quipped that it would be like a reverse allowance. My mom later stated sh...
by RetiredAL
Thu Mar 25, 2021 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Roth contribution withdrawals question
Replies: 8
Views: 524

Re: Roth contribution withdrawals question

Thanks! I already have an emergency fund, so this would just be the “oh sh!t” double emergency fund without incurring penalties if needed (trying to payoff mortgage early with my extra, non-retirement related funds) . Was just curious on how we report. Appreciate the info! One of the drawbacks of a...
by RetiredAL
Thu Mar 25, 2021 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: What percentage of net worth in retirement account is "Too much" for early 40s?
Replies: 64
Views: 7122

Re: What percentage of net worth in retirement account is "Too much" for early 40s?

All, TLDR version of the question: What percentage of your total net worth is in retirement accounts? Is there any specific reason you maintain that split? What are the questions that I should be asking myself while determining this number? We max out 401k and 457 and both Roth IRAs every year sinc...
by RetiredAL
Wed Mar 24, 2021 1:43 am
Forum: Personal Investments
Topic: Leaving paid advisor with a large balance and gains
Replies: 26
Views: 3822

Re: Leaving paid advisor with a large balance and gains

What other have suggested is all good. Do be cognizant of the swapping opportunity you have during a large market pull back, to sell some of those high flyers at the now beat down price (lowered CapGains) then quickly buy your favorites. I totally took over my elderly Dad's finances right as we were...
by RetiredAL
Mon Mar 22, 2021 7:08 pm
Forum: Personal Consumer Issues
Topic: Where to store important documents
Replies: 9
Views: 1181

Re: Where to store important documents

This week I was organizing some documents and I realized we have a ton of important documents in one spot (passports, green cards, birth/marriage certs....) I don't think keeping them in the cabinet above the fridge will be the best idea going forward. I do have everything scanned but replacing it ...
by RetiredAL
Mon Mar 22, 2021 5:59 pm
Forum: Personal Investments
Topic: Managing investments for an elderly relative
Replies: 61
Views: 4233

Re: Managing investments for an elderly relative

Does Fidelity have anything comparable to Vanguard's PAS? I know whichever route I go, it will not be another "full service" wealth management service. The only reasons I am leaning towards Fidelity is that my 401k is there and my minor daughter's IRA is there and they have a local branch...
by RetiredAL
Sun Mar 21, 2021 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Should bank accounts be in a trust?
Replies: 27
Views: 2057

Re: Should bank accounts be in a trust?

Yes, if 100% of everything not in teh trust is less than $166k. But one other advantage to PoD, is that a bank will assign the account immediately upon presentation of a death cert. If not PoD, the financial institution may want to wait the 40 days after death until the OP can file the affidavit. (...
by RetiredAL
Sun Mar 21, 2021 7:49 pm
Forum: Personal Consumer Issues
Topic: Oven temperature accuracy
Replies: 26
Views: 1462

Re: Oven temperature accuracy

A few years back, we discovered out oven temp was way low of set-point, 75 - 80 degrees low when set to 350. Raising the set-point higher did not raise the temp by much. The pre-heat did come up to temp and then it started dropping. OK, controller whacko I thought, so I replaced it. Same! Turns out ...
by RetiredAL
Sun Mar 21, 2021 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Should bank accounts be in a trust?
Replies: 27
Views: 2057

Re: Should bank accounts be in a trust?

I have fiduciary responsibility for my blind aunt. My aunt has a checking account and savings account that are not in the trust. I do everything for my very elderly Dad. He has a Trust and I am his Trustee. His Trust holds his two houses and all of his investment accounts. His Bank and CU accounts ...
by RetiredAL
Sat Mar 20, 2021 11:43 pm
Forum: Personal Consumer Issues
Topic: REAL ID still set to be effective Oct 1 2021
Replies: 109
Views: 7370

Re: REAL ID still set to be effective Oct 1 2021

UpperNwGuy wrote: Sat Mar 20, 2021 8:19 pm Not sure why there's a crisis. We've all known for a decade or more that this was coming.
Some states, like Calif, were very late starting the process and when they started, it was herky-jerky.
by RetiredAL
Sat Mar 20, 2021 11:22 pm
Forum: Personal Investments
Topic: Rip the Band-Aid off now or slowly convert portfolio over time?
Replies: 21
Views: 2679

Re: Rip the Band-Aid off now or slowly convert portfolio over time?

Hello and thanks for clicking. This is my first post but I have read the wiki and have a few questions pertaining to my specific situation. 1. Should I sell everything? I am definitely letting go of most of the mutual funds, but I’m not sure if I should sell the Apple or Berkshire as well as the ou...
by RetiredAL
Sat Mar 20, 2021 8:02 pm
Forum: Personal Consumer Issues
Topic: Romaine Lettuce & bagged salads - concerns
Replies: 45
Views: 4381

Re: Romaine Lettuce & bagged salads - concerns

I didn’t watch the video, but yes, romaine, in particular is a problem. About half the romaine lettuce in the country is grown in the area around Yuma, Arizona, and irrigated with water that could be affected by runoff from nearby feedlots. There was a Planet Money episode on this a couple of years...
by RetiredAL
Sat Mar 20, 2021 7:54 pm
Forum: Personal Consumer Issues
Topic: REAL ID still set to be effective Oct 1 2021
Replies: 109
Views: 7370

Re: REAL ID still set to be effective Oct 1 2021

I am the right age to have a Social Security card that says, right on it, "NOT FOR IDENTIFICATION." But don't get me started on that . I always scratched my head at the "do not laminate" on my social security card. I mean, this is a card that is supposed to last my a lifetime, b...