Search found 1180 matches

by SnowBog
Sat Apr 17, 2021 1:11 am
Forum: Personal Investments
Topic: Retirement Plan Review and things I need to learn
Replies: 7
Views: 977

Re: Retirement Plan Review and things I need to learn

Overall, you kook in great shape. No red flags. But maybe a few thoughts at some optional tweaks. I'd consider consolidating your former 401k and IRA into your employer 401k. I think it's easier to manage one larger account than several smaller ones. I didn't see Roths (other then inherited) for you...
by SnowBog
Fri Apr 16, 2021 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Spend down cash to bridge to social security?
Replies: 16
Views: 1414

Re: Spend down cash to bridge to social security?

Sorry if this is posted elsewhere, but would your view change if you (or OP) were <= 55 with 4+ years before you can [easily] access your retirement accounts and needed to balance "income" for ACA? In my view, cash gives more options for income/tax management in those early years... Just ...
by SnowBog
Fri Apr 16, 2021 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: What to do next for our savings after maxing out everything?
Replies: 23
Views: 1297

Re: What to do next for our savings after maxing out everything?

IBonds. +1 Maybe EE Bonds as well if they make sense for you. But I'd first make sure you don't have the "Mega Backdoor Roth" option in either of your accounts. It's not going to be called that... It's probably just going to list "after-tax" as a contribution option (which is di...
by SnowBog
Fri Apr 16, 2021 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Spend down cash to bridge to social security?
Replies: 16
Views: 1414

Re: Spend down cash to bridge to social security?

Anyone else done this? How well did it work? Haven't done that. Instead, I spend any cash I find on stock ETFs and bond ETFs so that my 60/40 portfolio grows. In order to pay expenses, I do sell stock ETFs and bond ETFs as needed. I feel that whether I have any cash or not is NOT going to save my 6...
by SnowBog
Fri Apr 16, 2021 8:26 pm
Forum: Personal Investments
Topic: Fidelity BrokerageLink (pre-tax / post-tax)
Replies: 20
Views: 1400

Re: Fidelity BrokerageLink (pre-tax / post-tax)

Apparently some plans only have a single BrokerageLink account. My understanding is those are always co-mingled. (This is what my plan is.) Other plans have two BL accounts (one for pre-tax, the other for Roth), allowing you to pick investments separately. Since mine didn't allow it, I withdrew the ...
by SnowBog
Fri Apr 16, 2021 2:13 pm
Forum: Investing - Theory, News & General
Topic: Cons of i bonds?
Replies: 111
Views: 11349

Re: Cons of i bonds?

My only regret with I Bonds is that I didn’t start buying them sooner! Same with EE Bonds! Their "DIY Annuity" used that Mel's talked about can make a great bridge for early retirement (or similar income streams). If only I knew 15 years ago what I know now... (But the idea of "retir...
by SnowBog
Fri Apr 16, 2021 2:09 pm
Forum: Investing - Theory, News & General
Topic: Cons of i bonds?
Replies: 111
Views: 11349

Re: Cons of i bonds?

I have most of my emergency money in these. Click the button and they get redeemed to your bank the next day in an emergency. Can't withdraw within first year. Lose 3 months interest between years 1 and 5 but not huge penalty in emergency situation. Most of time , even with loss of 3 months interes...
by SnowBog
Fri Apr 16, 2021 10:59 am
Forum: Investing - Theory, News & General
Topic: 2021 I Bonds: what's your plan?
Replies: 204
Views: 24268

Re: 2021 I Bonds: what's your plan?

For myself, since most of my accounts are with Fidelity anyway, I setup a CMA account at Fidelity. This is my "transfer" account, it's what I tie all my "other" accounts to, including TreasuryDirect. I normally keep $0 in the account, and don't use it for checking or ATM. But I a...
by SnowBog
Fri Apr 16, 2021 10:49 am
Forum: Investing - Theory, News & General
Topic: Take out margin to buy IBonds
Replies: 30
Views: 1880

Re: Take out margin to buy IBonds

I don't understand this post... Not the least is which is I Bonds are - shockingly bonds . Yet your AA calls for 0 bonds? So you are doing what exactly? My target AA is 115/0 Well said!! I Bonds are probably the most conservative investment on Earth, so let’s ramp up the risk! But I don’t want to b...
by SnowBog
Fri Apr 16, 2021 10:43 am
Forum: Investing - Theory, News & General
Topic: Cons of i bonds?
Replies: 111
Views: 11349

Re: Cons of i bonds?

If you set up a revocable trust (easy), you can buy $25K/year. - $10K in your personal account - $10K in your trust account - $5K in tax rebate (just overpay your taxes before you file your return) This is what I have been doing. Do you have a separate tax ID for your trust account? I read you have...
by SnowBog
Thu Apr 15, 2021 10:22 pm
Forum: Investing - Theory, News & General
Topic: Take out margin to buy IBonds
Replies: 30
Views: 1880

Re: Take out margin to buy IBonds

I don't understand this post... Not the least is which is I Bonds are - shockingly bonds . Yet your AA calls for 0 bonds? So you are doing what exactly? My target AA is 115/0 Well said!! I Bonds are probably the most conservative investment on Earth, so let’s ramp up the risk! But I don’t want to be...
by SnowBog
Wed Apr 14, 2021 5:44 pm
Forum: Investing - Theory, News & General
Topic: Your bond fund should have barely enough for reasonable rebalancing. The rest of your fixed income should be in MYGAs.
Replies: 42
Views: 5503

Re: Your bond fund should have barely enough for reasonable rebalancing. The rest of your fixed income should be in MYGA

Thanks OP and Stinky! I'm not sure these are for me at the moment, as I'm looking for options I can access before 59.5. But appreciate the info! Might need to rethink my tax-deferred bonds someday... I bonds beat MYGA hands down, but one can only buy $10,000/year of I bonds. This could be a useful t...
by SnowBog
Wed Apr 14, 2021 2:51 am
Forum: Investing - Theory, News & General
Topic: 2021 I Bonds: what's your plan?
Replies: 204
Views: 24268

Re: 2021 I Bonds: what's your plan?

That said, I still rescheduled my last I Bond purchase from late April to first Monday in May. For a 5+ day delay, I'll get a higher initial interest rate. I don't see a downside (and maybe there's no upside...). If the cash you plan on using to purchase is earning any interest at all, you're bette...
by SnowBog
Tue Apr 13, 2021 9:10 pm
Forum: Investing - Theory, News & General
Topic: Cons of i bonds?
Replies: 111
Views: 11349

Re: Cons of i bonds?

WolfgangPauli asked: “ Are you sure about that? I believe they go by SSN and since your SSN is tied to both you personally and your trust I think you may be overbuying. Can you reference something that would tell us what you are doing works? - I mean I do not doubt that you can do it as they likely...
by SnowBog
Tue Apr 13, 2021 8:04 pm
Forum: Investing - Theory, News & General
Topic: 2021 I Bonds: what's your plan?
Replies: 204
Views: 24268

Re: 2021 I Bonds: what's your plan?

So if I'm following... Purchase in April - 1st 6 months @ 1.68%, in October 2nd 6 months @ 3.53% , next April 3rd 6 months @ <whatever Nov. rates are> Purchase in May - 1st 6 months @ 3.53% , in November 2nd 6 months @ <whatever Nov. rates are> , next May 3rd 6 months @ <whatever next May> If I did...
by SnowBog
Tue Apr 13, 2021 7:46 pm
Forum: Investing - Theory, News & General
Topic: Cons of i bonds?
Replies: 111
Views: 11349

Re: Cons of i bonds?

I have been looking recently into i bonds and they seem like a decent deal at the moment. Higher interest than savings accounts plus inflation protection. What am I missing? You are missing that for most of us, the $10k per year limit ain't gonna cut it. Also, you cannot get the money for a year an...
by SnowBog
Tue Apr 13, 2021 5:33 pm
Forum: Investing - Theory, News & General
Topic: Cons of i bonds?
Replies: 111
Views: 11349

Re: Cons of i bonds?

With March 2021 CPI-U of 264.877, the new composite rate will be 3.54% with fixed rate of zero. Woo hoo! P.s. 264.877 - 260.280 = 4.597 / 260.280 = 1.77% x 2 = 3.54% https://www.bls.gov/news.release/pdf/cpi.pdf WOW WOW WOW! Those are EE Bond levels!!! I am definitely going to hold off my annual pur...
by SnowBog
Tue Apr 13, 2021 5:28 pm
Forum: Investing - Theory, News & General
Topic: Cons of i bonds?
Replies: 111
Views: 11349

Re: Cons of i bonds?

If you set up a revocable trust (easy), you can buy $25K/year. - $10K in your personal account - $10K in your trust account - $5K in tax rebate (just overpay your taxes before you file your return) This is what I have been doing. Do you have a separate tax ID for your trust account? I read you have...
by SnowBog
Tue Apr 13, 2021 5:24 pm
Forum: Investing - Theory, News & General
Topic: 2021 I Bonds: what's your plan?
Replies: 204
Views: 24268

Re: 2021 I Bonds: what's your plan?

If you are relatively sure you won’t need to withdraw the funds for at least 18 months, then I see no penalty in ensuring you at least get today 1.68% for 6 months. Now if you already are getting higher than that where the funds are sitting, then perhaps it is worth it to wait. I also want to buy m...
by SnowBog
Tue Apr 13, 2021 5:11 pm
Forum: Personal Investments
Topic: Multiple years of expenses in cash when starting retirement
Replies: 90
Views: 5889

Re: Multiple years of expenses in cash when starting retirement

I've seen many people here posting about this as they start retirement and also asking how others spend down their savings. What they often have not thought about is what will happen in the future when RMDs start along with being on SS and/or a pension. Their retirement may be financially secure, b...
by SnowBog
Tue Apr 13, 2021 4:26 pm
Forum: Personal Investments
Topic: Multiple years of expenses in cash when starting retirement
Replies: 90
Views: 5889

Re: Multiple years of expenses in cash when starting retirement

Your asset level also means you likely don't need to make that tradeoff. But cash is not the lowest risk asset for funding the first 17 years of a retirement. Color me curious... What do you view as lower risk? That said, I'm not approaching this from a "lowest risk" viewpoint. More "...
by SnowBog
Tue Apr 13, 2021 3:16 pm
Forum: Personal Investments
Topic: Multiple years of expenses in cash when starting retirement
Replies: 90
Views: 5889

Re: Multiple years of expenses in cash when starting retirement

Your asset level also means you likely don't need to make that tradeoff. But cash is not the lowest risk asset for funding the first 17 years of a retirement. Color me curious... What do you view as lower risk? That said, I'm not approaching this from a "lowest risk" viewpoint. More "...
by SnowBog
Tue Apr 13, 2021 3:08 pm
Forum: Investing - Theory, News & General
Topic: 2021 I Bonds: what's your plan?
Replies: 204
Views: 24268

Re: 2021 I Bonds: what's your plan?

Do you file MFJ? If so, you can only buy $10,000 per person and get $5,000 in paper bonds per tax return. There are ways to buy I-bonds via trusts or other entities if you want to buy more than $25,000 per year. And don't be so confident you'll get to open an TD account so easily. I opened mine and...
by SnowBog
Tue Apr 13, 2021 2:24 pm
Forum: Personal Investments
Topic: Multiple years of expenses in cash when starting retirement
Replies: 90
Views: 5889

Re: Multiple years of expenses in cash when starting retirement

My view is that if portfolio liquidity is properly managed, a very large cash position will just be a drag on returns while meeting a need for more liquidity than is required. If the portfolio has N years of expenses in intermediate treasuries and N years of expenses in some combination of i-bonds,...
by SnowBog
Tue Apr 13, 2021 1:36 pm
Forum: Personal Investments
Topic: Multiple years of expenses in cash when starting retirement
Replies: 90
Views: 5889

Re: Multiple years of expenses in cash when starting retirement

I've started buying I Bonds (and EE Bonds), and plan to keep doing so until we retire. While not technically "cash" - I count these as "cash like" for this purpose. My goal is these will fund roughly $35k of "income" per year between when we retire and start collecting ...
by SnowBog
Mon Apr 12, 2021 11:30 am
Forum: Investing - Theory, News & General
Topic: VPW too aggressive?
Replies: 23
Views: 2092

Re: VPW too aggressive?

VPW is not simpler than ABW. VPW is a special case of ABW where future return is assumed to equal historical return. You don't have to make an assumption about future returns in VPW only because someone else has made the assumption for you. That doesn't make it a simpler strategy. Just one where a ...
by SnowBog
Mon Apr 12, 2021 11:17 am
Forum: Personal Investments
Topic: Creating revocable trust just for buying I Bonds?
Replies: 29
Views: 1948

Re: Creating revocable trust just for buying I Bonds?

SnowBog said: “ In the individual account, the bonds are titled for co-owners of "SnowBog" and "spouse".” Please note there is no co-ownership registration for electronic savings bonds on TD. The buz word is “primary owner” WITH “secondary owner” and the secondary owner has no r...
by SnowBog
Sun Apr 11, 2021 11:11 pm
Forum: Personal Investments
Topic: Creating revocable trust just for buying I Bonds?
Replies: 29
Views: 1948

Re: Creating revocable trust just for buying I Bonds?

Yes https://www.treasurydirect.gov/indiv/planning/plan_estate_trustform.htm https://www.treasurydirect.gov/forms/savpdp0049.pdf Having said that I probably wouldn't do one just for purposes of buying ibonds. Creating an irrevocable trust for this purpose doesn't seem like a good idea. Trust tax rat...
by SnowBog
Sun Apr 11, 2021 11:06 pm
Forum: Personal Investments
Topic: Creating revocable trust just for buying I Bonds?
Replies: 29
Views: 1948

Re: Creating revocable trust just for buying I Bonds?

It would be. I will ask mom again - if she really isn't feeling it, I'm ok with letting it drop. Take a look at the prior link on buying I Bonds as "gifts". Your dad could do that without your mom needing an account. (Although "eventually" she'll need one to receive/redeem them,...
by SnowBog
Sun Apr 11, 2021 10:24 pm
Forum: Investing - Theory, News & General
Topic: VPW too aggressive?
Replies: 23
Views: 2092

Re: VPW too aggressive?

Given todays low interest rate environment and the calling into question the previously thought safe 4% withdrawal guideline, are the withdrawal rates specified in the VPW chart possibly overly aggressive? Looked for a thread on this but couldn't find anything that really addressed this specificall...
by SnowBog
Sun Apr 11, 2021 9:58 pm
Forum: Personal Investments
Topic: Creating revocable trust just for buying I Bonds?
Replies: 29
Views: 1948

Re: Creating revocable trust just for buying I Bonds?

It seems like it would be MUCH simpler to talk your mom into owning I-bonds than the cost and time and tax filing for a new trust. Can your dad buy them in her name and gift them to her each year? You can also use your tax refund to get $5k in I bonds. https://www.bogleheads.org/forum/viewtopic.php...
by SnowBog
Sun Apr 11, 2021 9:24 pm
Forum: Personal Investments
Topic: Creating revocable trust just for buying I Bonds?
Replies: 29
Views: 1948

Re: Creating revocable trust just for buying I Bonds?

Ultimately we have a TD account each plus a TD account for each of our living trusts; for each spouse that means 2 accounts tied to the same SSN. All 4 accounts are tied to and funded from the same joint "checking" account. So far this has not been a problem. Did everything online, no ext...
by SnowBog
Sun Apr 11, 2021 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Using only Fidelity for Retirement
Replies: 23
Views: 3369

Re: Using only Fidelity for Retirement

I'm not retired yet, but have consolidated all my investing accounts into Fidelity, including rolling over our HSA. Also have their CMA for our default "checking and saving" accounts. (But with current low yields, I do maintain a separate HYSA. Only other non-Fidelity accounts are spouses ...
by SnowBog
Sun Apr 11, 2021 8:16 pm
Forum: Investing - Theory, News & General
Topic: VPW too aggressive?
Replies: 23
Views: 2092

Re: VPW too aggressive?

Take a look at the "forward test", thus far I've been very impressed: https://www.bogleheads.org/forum/viewtopic.php?t=284519. We are several years away from retirement, but the plan is to follow VPW to set an "upper spend limit". We likely won't spend that amount every year, but...
by SnowBog
Sun Apr 11, 2021 7:47 pm
Forum: Investing - Theory, News & General
Topic: [Is it a good time to buy I bonds?]
Replies: 63
Views: 908

Re: I Bonds

Tipswatch just made another post on ibonds. Rates are looking up: https://tipswatch.com/2021/04/11/inflation-is-heading-higher-will-it-be-a-head-fake The variable rate may end up being higher than the yield on a 30 year treasury! Now this is actionable... If the Tuesday report comes in as expected,...
by SnowBog
Sun Apr 11, 2021 7:33 pm
Forum: Personal Investments
Topic: I Bonds [Can we buy in our kids' names?]
Replies: 22
Views: 5791

Re: I Bonds

Does each SSN have its own account with different logins, etc. or can I use one login to rule them all? Thanks. As far as I know, the account number is the login ID, so you get one per SSN. Correct. For a couple, each spouse will need their own account, and will need to buy their own bonds. After p...
by SnowBog
Sun Apr 11, 2021 7:28 pm
Forum: Personal Investments
Topic: Creating revocable trust just for buying I Bonds?
Replies: 29
Views: 1948

Re: Creating revocable trust just for buying I Bonds?

We setup two revocable trusts, largely for this purpose (but will likely fill a role with estate planning some day). The trusts were created along with will, etc. through a work legal benefit, for around $500 to cover the "estate planning" side of things. Regarding the trusts, in hindsight...
by SnowBog
Sun Apr 11, 2021 6:25 pm
Forum: Investing - Theory, News & General
Topic: [Is it a good time to buy I bonds?]
Replies: 63
Views: 908

Re: I Bonds

Tipswatch just made another post on ibonds. Rates are looking up: https://tipswatch.com/2021/04/11/inflation-is-heading-higher-will-it-be-a-head-fake The variable rate may end up being higher than the yield on a 30 year treasury! Now this is actionable... If the Tuesday report comes in as expected,...
by SnowBog
Sun Apr 11, 2021 1:13 pm
Forum: Investing - Theory, News & General
Topic: [Is it a good time to buy I bonds?]
Replies: 63
Views: 908

Re: I Bonds

Sure if you want to do some market timing. Otherwise, owning I-Bonds is at least better than being in cash. Don't underestimate the value of cash. We all want to be paid in cash after all :dollar Sorry, this makes no sense to me... I think of I Bonds as being like cash, but better than cash in near...
by SnowBog
Sun Apr 11, 2021 10:58 am
Forum: Investing - Theory, News & General
Topic: [Is it a good time to buy I bonds?]
Replies: 63
Views: 908

Re: I Bonds

Sure if you want to do some market timing. Otherwise, owning I-Bonds is at least better than being in cash. Don't underestimate the value of cash. We all want to be paid in cash after all :dollar Sorry, this makes no sense to me... I think of I Bonds as being like cash, but better than cash in near...
by SnowBog
Sat Apr 10, 2021 2:40 pm
Forum: Personal Investments
Topic: AA - Too conservative?
Replies: 27
Views: 2695

Re: AA - Too conservative?

my asset allocation to 70% stocks and 30% bonds I’m currently 36 married with kids and have about $1m in retirement savings. AA is highly personal, what others do shouldn't matter to you. The general rule of thumb is to assume stocks can lose 50% of their value. With a 70/30 $1M portfolio, you coul...
by SnowBog
Fri Apr 09, 2021 8:43 pm
Forum: Personal Investments
Topic: AA - Too conservative?
Replies: 27
Views: 2695

Re: AA - Too conservative?

my asset allocation to 70% stocks and 30% bonds I’m currently 36 married with kids and have about $1m in retirement savings. AA is highly personal, what others do shouldn't matter to you. The general rule of thumb is to assume stocks can lose 50% of their value. With a 70/30 $1M portfolio, you coul...
by SnowBog
Fri Apr 09, 2021 2:58 pm
Forum: Personal Consumer Issues
Topic: The Great Swing Set Dilemma
Replies: 56
Views: 4566

Re: The Great Swing Set Dilemma

Not sure that I'll help you out in your decision. But... I'm trying to look at this long term and not just in the immediate term of what my son can or can't do. My advice in the "long term" - this likely won't be used. Or at least it wasn't in our case. Child is currently 12, and we probab...
by SnowBog
Thu Apr 08, 2021 1:29 am
Forum: Personal Investments
Topic: How much cash do you really hold?
Replies: 91
Views: 6280

Re: How much cash do you really hold?

We also include cash in our fixed income AA. Ultimately money is fungible, so I don't see the point in ignoring part of it or treating it differently. As others pointed out, cash is just an ultra short term investment. Our $ is our "sleep well at night" number, especially when viewed as pa...
by SnowBog
Wed Apr 07, 2021 10:02 am
Forum: Personal Consumer Issues
Topic: fire pit recommendations
Replies: 33
Views: 3288

Re: fire pit recommendations

We purchased a Breeo X-Series 24" this year. It's expensive, no question, but it looks and works great. Add the lid and you have a nice cocktail table when not in use. 10/10 would buy again. +1 +1 I love burning wood, but usually the smoke is horrible on our allergies and eyes. We just purchas...
by SnowBog
Wed Apr 07, 2021 12:00 am
Forum: Personal Finance (Not Investing)
Topic: Too early to retire?
Replies: 53
Views: 6869

Re: Too early to retire?

2. I really like the Flexible Retirement Planner. It's free and downloadable. +1 I like FRP as well. I use it in combination with others (FireCalc, cfiresim, iORP, VPW, Retirement Portfolio Model [Excel file here on BH], etc.). But make sure to understand the inputs and outputs of these. Some (like...
by SnowBog
Tue Apr 06, 2021 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: Too early to retire?
Replies: 53
Views: 6869

Re: Too early to retire?

2) We have used Firecalc and it gives us about a 90% chance of making it 40 years. Are there other calc one should use? I'm curious what inputs you used... I plugged in your key numbers, and based on later posts added $20k in '38 and $12k in '40 for social security (complete random guess against yo...
by SnowBog
Sun Apr 04, 2021 3:44 pm
Forum: Personal Investments
Topic: Can I makeup for previous low contributions? And review of new retirement plan.
Replies: 26
Views: 2203

Re: Can I makeup for previous low contributions? And review of new retirement plan.

Your anxiety has done you well by motivating you to figure this stuff out. However, after you've taken and implemented many of the suggestions that you find from your virtual friends here at Bogleheads, you should attempt to free yourself from those anxieties and live a good life of planning, savin...
by SnowBog
Sun Apr 04, 2021 2:19 pm
Forum: Personal Investments
Topic: WSJ article "How to Know if Your Retirement Savings Are on Track"
Replies: 33
Views: 4545

Re: WSJ article "How to Know if Your Retirement Savings Are on Track"

Many people, even highly intelligent, highly educated folks who make a lot of money and spend reasonably, don’t know how much they really spend. It’s bonkers to me, but it really is the case. They get to where they need to be because perhaps long ago someone told them to save 10%, 15%, or 20% of th...
by SnowBog
Sun Apr 04, 2021 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Bad Rental Investment or Cheap Vacation Home [or a mix of both?]
Replies: 13
Views: 1693

Re: Bad Rental Investment or Cheap Vacation Home [or a mix of both?]

Great questions! And I'm hoping to get details on the seasonality of the income. I suspect the bulk is summer and fall, which of course is when we'd want to be there. One thing to check on is if the management company owns any units in the building. I don't think so, but added to the list! There can...