Bogleheads.org

Grt2bOutdoors

No amount of money can repeat 4 years being surrounded by highly motivated peers. Also, $100k is a chump change in some fields. Some of my friends almost saved that much in the first two years out of college working at Google. +1. $100k vs $300k is chump change when you consider lifetime earnings i...

Grt2bOutdoors

While we're talking about Roth vs/ tIRA, what is the impact on the portfolio value - tax deferment of contributions and savings in a tIRA until 72 - vs paying taxes on contributions and never taxing distributions in a Roth? Just to make it entertaining, you can use an RMD schedule and / or an assum...

Grt2bOutdoors

It's neither easy nor cheap to make yourself 'paper poor' in order to get on Medicaid. Moving a tax-deferred balance into a trust requires realizing the income first and paying taxes accordingly. Which is the whole point of this thread...tax-deferred balances are a pain to deal with in retirement. ...

Grt2bOutdoors

This article reinforced my thinking regarding having someone else make my investment decisions. I have turned over about 30% of my retirement assets to American Century Private Client Group to see if I like this process. It seemed that older investors with larger balances were more prone to market ...

Grt2bOutdoors

After reading through all the responses I can see you and your intended are not on the same page. First, go for premarital counseling - usually they will give you a list of questions you both answer independently, then you go through them together. That's the time to talk. It will be money well spen...

Grt2bOutdoors

While I haven't read Ed's new book, I have seen him speak on PBS. IMO, I'd like to call his proposal simply a plan of tax arbitrage. The only difference here is when you choose to pay the piper - now or later. It's a personal decision for every individual.

Grt2bOutdoors

Outside of merit/athletic scholarship with your income and assets you aren’t going to get financial aid. You have 7 years for daughter to fund 300k plus some level of tuition inflation (let’s call it 5% over 4 years - optimistic). Son is 13, you have 9 years to sock away 300k plus inflation of say 7...

Grt2bOutdoors

A440 wrote: ↑Wed Apr 07, 2021 6:59 pm We crossed the 2 million mark today in our investments. It took not quite 7 years from when we reached the 1 million mark. FWIW, we are a one-earner family of 4 and my main profession is a public school teacher.
Many thanks to the great advice from the forum!

Congratulations!

Grt2bOutdoors

Op and all, hit 1.7 million first time ever, portfolio was considered flat and in red for 2019, now triple my annual salary 285K. Congrats to all retire2022 op and all topped a couple of weeks ago I hit 1.83 Million and dropped down to 1.35 Million due to Coronavirus. I'm back to 2018 levels Easy c...

Grt2bOutdoors

I am 69 with 3 million spread between Fidelity managed account , 401k, ira’s Traditional,Roth,VG Anyway looking to set up a managed account with VG. With a little over a million for now. The FA suggested a 25% US lg co. and 24% in international along with bonds. I was surprised by the 24% in intern...

Grt2bOutdoors

Life is short. Continue on your current path but don’t forget to focus on the important things in front of you, 4 little humans and wife. Everything in moderation. Retirement at 55 is nice goal to have but there are more important goals and if retirement gets pushed to 60 but you accomplished all th...

Grt2bOutdoors

jason2459 wrote: ↑Wed Apr 07, 2021 1:56 pm
Visitor76 wrote: ↑Wed Apr 07, 2021 1:49 pm
flyingaway wrote: ↑Wed Apr 07, 2021 10:28 am When the market crashes, you wish you had more cash.
Not if you're making bi-weekly contributions.
You can have the cake and eat it too.

Lose your job - there goes the cake and your appetite!

Grt2bOutdoors

I would stop, and also continue to take some out for his private education to get that balance down a bit. I do think you can over fund a 529. It's not the end of the world if you say only have 90% of the tuition in a 529 and just save the remainder in an index fund and have to pay some capital gai...

Grt2bOutdoors

This was an excellent and informative podcast. Thank you Rick and Phil DeMuth!

Grt2bOutdoors

I would stop, and also continue to take some out for his private education to get that balance down a bit. I do think you can over fund a 529. It's not the end of the world if you say only have 90% of the tuition in a 529 and just save the remainder in an index fund and have to pay some capital gai...

Grt2bOutdoors

Is your wife in the landscaping business? You paid, you got a good result? Then that’s the price. You can get cheaper and you might get a good result and you may not.

Grt2bOutdoors

I-bond inventories can easily be updated via TD. For paper bonds you build your inventory once, save it, and update when you want to do so. Easy as can be. The only date you have to enter is the date of the valuation report. Once the date is given, your report updates in a flash. Very comprehensive...

Grt2bOutdoors

What are your long term goals? ie, do you plan to retire early? How will the change affect your taxes? Will it affect any credits? I certainly don't see a reason to convert your existing balance at this time. Starting Roth contributions may be useful, depending on the bigger picture. The idea of re...

Grt2bOutdoors

^^Many roads to Dublin! You don't need to invest in the stock market only to get on the road to riches. Real estate or owning your own successful business can make as much if not more, much more than the chart you show above. But for the masses, yes, an automatic investing plan can be the differenc...

Grt2bOutdoors

Vanguard Balanced Index Vanguard Lifestrategy funds for those who demand international exposure Vanguard Target Retirement Income fund Vanguard Wellington* Vanguard Wellesley* If you are in a high tax bracket, do not use the Wellington or Wellesley funds in taxable accounts - they kick off ALOT of c...

Grt2bOutdoors

I would like to do a $20,000 Roth conversion this year, but everything I’ve read says it’s better to do it when market is down. I’m not sure what to do since the market is up, but I also know I can’t time the market. Any suggestions on what to do. Thanks What is the net tax effect if you do the con...

Grt2bOutdoors

^^Many roads to Dublin! You don't need to invest in the stock market only to get on the road to riches. Real estate or owning your own successful business can make as much if not more, much more than the chart you show above. But for the masses, yes, an automatic investing plan can be the difference...

Grt2bOutdoors

Summery: - I am buying a house cash - I have never had any debt - I have a very good credit score, but little available credit - My well off parents who are willing to cosign want me to get a mortgage after closing Questions: - Do you think getting a mortgage on the home I will own out right is wis...

Grt2bOutdoors

Hello everyone. I have never put a lot of time reviewing my investment options, but I put together the following based on the high-level guidance I've seen. I would greatly appreciate feedback and any recommended changes. Thank you to everyone in advance! Basics Emergency funds: Already set-up(and ...

Grt2bOutdoors

Take the 100% option - if you are dependent on the pension for income there is no reason to take any lump sum payout. The whole idea of a pension is to provide a stream of income for the remainder of your primary and surviving spouse lifetimes. If you want to find out the cost of life insurance, use...

Grt2bOutdoors

I would like to do a $20,000 Roth conversion this year, but everything I’ve read says it’s better to do it when market is down. I’m not sure what to do since the market is up, but I also know I can’t time the market. Any suggestions on what to do. Thanks What is the net tax effect if you do the con...

Grt2bOutdoors

Anyway for me to catch up? ... I'm 29 years old. I'm struggling to imagine how a 29 year old feels as if they are somehow behind on retirement savings. :shock: Regards, Finances make me really anxious. I think my ignorance fuels that. But you all have really really helped me :sharebeer Yes, you are...

Grt2bOutdoors

Are you doing this as a hedge against the portfolio or are you timing it to take advantage of the recent volatility? The answer to that should help you understand what your next step is. I had it last year and made some good money but then the market flattened out and only went up up up. So my logi...

Grt2bOutdoors

That’s what markets do. +1 I see your point but I disagree as this is different. You refer to 2013 but that was a full 5+ years after the great recession low. Now we aren't even out of the great pandemic of 2020 and in March 2021 we are at all time highs. In March 2020 the Dow got down to about 18,...

Grt2bOutdoors

I'm still investing according to my IPS. To be honest, the market has been at a record high pretty much all of my investing life, had I stopped buying equities along the way and the numerous dips I may not have been able to reach my retirement accumulation goals. You are retiring in 5 years you say?...

Grt2bOutdoors

A major pullback? The March jobs report came in pretty good, the economy is being flooded with fiscal stimulus, I think the party will continue a bit longer but the hangover is going to make last March's action look tame if consumers don't start spending "like its 1999" (to quote Prince).

Grt2bOutdoors

I saw this article today in the Wall Street journal and finally took the bait and clicked and read it. I was surprised to find that the the measure of retirement savings at a certain age was expressed compared to income instead of expenses. Despite that, I was well ahead of the benchmark following ...

Grt2bOutdoors

I don't see how its reportable. There is usually only one owner on the 529,The contributions are within the annual limits, I don't believe you have any issue here. You have a 529 plan, you have a child, you are changing the beneficiary, you don't have to report anything. Even if you gave an addition...

Grt2bOutdoors

There comes a time when you need to put the needs of the family above all else, including retirement savings. If the needs of the family are most important and if this house will fulfill this need AND you can financially afford to make the necessary payments and repairs over time, then buy the house...

Grt2bOutdoors

Nice job! That is a great accomplishment for a couple so young. We were starting the mortgage on our current home at age 36. It was paid off earlier than the length of the mortgage. As well, we put down about 50%, so the mortgage wasn't all that much of a burden. OP, are you formally mapping to ear...

Grt2bOutdoors

I'm finding so many ways to sell junk these days. I recently went looking for an app that would scan old CDs and DVDs and pay for them. Plenty out there. I've managed to send them 3 wine bottle boxes of these things so far. They also take video games and books. I can see going to Staples to drop of...

Grt2bOutdoors

stocknoob4111 wrote: ↑Thu Apr 01, 2021 7:31 pm I don't quite get the economics of storage, is paying all that money monthly worth the what is in the unit which is rapidly depreciating anyway?

Not everything depreciates - and one man's junk is another's treasure, treasure they would pay handsomely for.

Grt2bOutdoors

I don't see a benefit to DCA in your situation just lump sum it and let it grow. I agree and while I haven't seen it posted on the other responses yet, the OP should consider his holdings he has now. That pot of monies diversified into equities and bonds is a lump sum, so for those thinking that DC...

Grt2bOutdoors

I am reading Burton Malkiel’s book and he mentioned dividend growth stocks in bonds and bonds substitutes as part of the AA. With bond yields being low, this comes to my mind. What is general bogleheads’ view on dividend growth stocks? If something worth to be part of the AA, what are some good div...

Grt2bOutdoors

Building costs, labor and materials, are not going down. Sometimes they lag or slow down, though not in a long while. Composite for your deck given your conditions. For a long time, the only way to significantly lower project costs is to change design and/or materials used. j🌺 Good luck finding the...

Grt2bOutdoors

I'm finding so many ways to sell junk these days. I recently went looking for an app that would scan old CDs and DVDs and pay for them. Plenty out there. I've managed to send them 3 wine bottle boxes of these things so far. They also take video games and books. I can see going to Staples to drop of...

Grt2bOutdoors

I would be looking for a different internship if this was an unpaid internship especially if you had to move and pay for everything yourself. Most unpaid internships are just companies looking for someone to do some cheap labor for them vs. truly wanting to hire the person in the future. I recall b...

Grt2bOutdoors

Ironic, it's April 1st, April Fool's day for others, we are being asked a personal financial planning question by a future practitioner of the science. Assuming this is not a troll post, what would a CFP think of offering an unpaid internship to a fellow future member of the industry? Seems fishy to...

Grt2bOutdoors

around me they are building storage units like wildfire, unsure why. I get the usefulness on occasion, but not sure where the need is deriving from. I mean, its a lot of them. It is amazing. The self-storage industry rakes in nearly $40 billion per year. There is literally enough rentable storage s...

Grt2bOutdoors

My wild guess on why premiums are rising: the insurer deliberately mispriced their offering to build a book of business but now is reversing course to lower their overall expense ratio lower than 100, expenses above 100 denotes operating at a loss. Cost of defending is going up and bond yields are d...

Grt2bOutdoors

I am a co-trustee on my 82 year old mom's revocable trust (which holds 95% of her assets) and as such I help keep track of her finances, investments' cost basis, passwords, maturity dates, etc. Some things she remembers well and other things (investments, people, vacations, etc.) she has no recolle...

Grt2bOutdoors

I found this study answer very troubling: How much to withdraw in retirement 28% said that financial experts would recommend a withdrawal rate of 10 to 15% of retirement savings every year, a withdrawal rate that would use up one’s retirement savings quickly. Withdrawing that amount would be far ab...

Grt2bOutdoors

There is an annual limit of 10k one can purchase. Let's add tax refunds and say 15k. Before then, I think until 2002, or so the limit was 30k. Anyways, average interest rate on those bonds has been not much more than 7% (I'm talking the initial issues at ~3.5% rate), much lower for later issues. 7%...

Grt2bOutdoors

The lump sum can be rolled over to a traditional IRA... does this have any tax benefit versus any of the annuity options? Or is that something that will be an issue once RMDs take effect? It will taxed at the federal level based on the amounts withdrawn each year. It appears PA does not tax withdra...

Grt2bOutdoors

Flora wrote: ↑Mon Mar 29, 2021 4:39 pm What do you mean when you say 'take a tax hit' for reallocating beneficiary IRA?

He means taking it out in one lump sum, making it immediately taxable.

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