Search found 180 matches

by Blister
Fri Mar 26, 2021 11:12 am
Forum: Personal Investments
Topic: Make Roth Conversion or Take Capital Gains?
Replies: 3
Views: 443

Re: Make Roth Conversion or Take Capital Gains?

I've been having the same thoughts. I have also been doing Roth conversions during the gap years since retirement and before SS and RMDs. Realized I was sitting on about 300K in long term gains and plan to take some tax gain harvesting this year to lower that number while in the lower tax bracket.
by Blister
Fri Mar 26, 2021 10:30 am
Forum: Personal Investments
Topic: Where to put a retiree's excess cash?
Replies: 9
Views: 1054

Re: Where to put a retiree's excess cash?

How far along is your father's memory difficulties? Does he have a will? Do you have legal power of attorney both for health care and financial issues? Are there other siblings involved. Just some things to think about before you start moving his money around. The plan you outlined seemed reasonable.
by Blister
Mon Mar 15, 2021 11:00 am
Forum: Personal Investments
Topic: 15x expenses, then SS
Replies: 95
Views: 7838

Re: 15x expenses, then SS

Also a fellow physician I felt the same way 10 years ago. Totally burned out trying to manage a practice (my partner had drug relapse) by myself and practice medicine. Sold the practice and did urgent care with minimal administration duties. Tapered down to 30 hours per week. Tracked spending and an...
by Blister
Thu Feb 18, 2021 2:32 pm
Forum: Personal Investments
Topic: Portfolio Review and Future Considerations for Retirement in 10-yr
Replies: 5
Views: 479

Re: Portfolio Review and Future Considerations for Retirement in 10-yr

With expenses of $42k per year that is only a withdrawal rate of 1.5% of your current portfolio. Even factoring in college cost you could probably retire now and never run through your money. It looks like you have won the game. Congratulations.
by Blister
Thu Feb 04, 2021 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Medigap or Advantage ?
Replies: 43
Views: 2658

Re: Medigap or Advantage ?

Another problem with the Advantage plan. Your physician may be on the plan now but if the insurer drops the rate of reimbursment he may opt out of that plan and you would need to find another physician I vote for the Medigap G
by Blister
Sat Jan 30, 2021 10:58 am
Forum: Personal Investments
Topic: Now in Retirement, asking for strategy thoughts
Replies: 32
Views: 3290

Re: Now in Retirement, asking for strategy thoughts

Is your spouse presently taking social security? Are you the higher wage earner? Generally its better for the lower earning spouse to claim social security at full retirement age (66) and the higher earning spouse to claim the spousal benefit until they reach age 70. At that point reversing the clai...
by Blister
Fri Jan 29, 2021 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Physician contract - help me understand this excerpt
Replies: 32
Views: 3043

Re: Physician contract - help me understand this excerpt

Being a retired physician I would also be leary of that contract. Agree with Ram. I would want a guarenteed base salary that could not be clawed back. And would also want to know what "specific" physician survey they would use as their metric for determining bonuses. Their wording is very ...
by Blister
Thu Jan 28, 2021 1:54 pm
Forum: Investing - Theory, News & General
Topic: [GameStop GME trading mega-thread]
Replies: 4545
Views: 227979

Re: Is Game Stop, AMC etc affecting Bogleheads?

I received 1 share of AMC when I opened a Robinhood account. Sold it today for an $8 profit. Think I'll go buy a 6-pak and celebrate.
:beer
by Blister
Sat Jan 23, 2021 11:58 am
Forum: Personal Investments
Topic: Invest mom's money in Vanguard or Wealthfront?
Replies: 15
Views: 1456

Re: Invest mom's money in Vanguard or Wealthfront?

I agree with others that with only 30K keeping it safe and liquid would be a priority. One question I had would be; are there other brothers or sisters in the picture. That generally becomes a problem when you start "messing with mama's money" so you would need to have all your siblings on...
by Blister
Mon Jan 11, 2021 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: ‘Play money’ invested by Dad growing huge - what would you do?
Replies: 109
Views: 15912

Re: ‘Play money’ invested by Dad growing huge - what would you do?

900k is no longer play money but 26% of your net worth. I would sell what you can of those individual stocks (in the most tax efficient way) and put it into you Assest allocation per your ISP. You or your father got lucky. Congrats.
by Blister
Mon Dec 28, 2020 4:11 pm
Forum: Investing - Theory, News & General
Topic: Roll over IRA vs Traditional IRA
Replies: 4
Views: 309

Re: Roll over IRA vs Traditional IRA

Thats what I thought but glad to see the confirmation
by Blister
Mon Dec 28, 2020 12:56 pm
Forum: Investing - Theory, News & General
Topic: Did the 4% rule just become the 5% rule? :)
Replies: 156
Views: 19708

Re: Did the 4% rule just become the 5% rule? :)

I found the last paragraph of the article particularly telling. “It’s not a law of nature,” he says. “It’s empirical”—in other words, based only on the data we have, going back to the 1920s. “One size doesn’t fit all,” and the number you choose “could be anything,” he says. 3-5% would be about right...
by Blister
Mon Dec 28, 2020 12:43 pm
Forum: Investing - Theory, News & General
Topic: Roll over IRA vs Traditional IRA
Replies: 4
Views: 309

Roll over IRA vs Traditional IRA

This seems like an odd question but is there any difference between a roll over IRA (one that is funded from say a 401K) and a Traditional IRA funded with pre tax contributions. I assume they can be combined since both are pretax dollars. Am I missing something here?
by Blister
Thu Dec 24, 2020 12:16 pm
Forum: Personal Investments
Topic: 36yo running retirement scenarios. Need a review.
Replies: 29
Views: 3643

Re: 36yo running retirement scenarios. Need a review.

Garbage in, garbage out. Projecting 30 years is a waste of time. Don't dilude yourself into believing this has any semblance of what the future may hold. Hate to burst your bubble. I would throw away everything you projected and just focus on saving as much as possible. Agree. Plenty can happen in ...
by Blister
Tue Dec 15, 2020 10:49 pm
Forum: Personal Investments
Topic: Lost desire to increase my portfolio, temporary?
Replies: 142
Views: 13089

Re: Lost desire to increase my portfolio, temporary?

A good 30-40% drop in the market may snap you out of this. In the meantime get a hobby. :sharebeer
by Blister
Tue Dec 15, 2020 10:45 pm
Forum: Personal Investments
Topic: Lost desire to increase my portfolio, temporary?
Replies: 142
Views: 13089

Re: Lost desire to increase my portfolio, temporary?

Although I have never experienced what you described, I am sure many, if not most, people on the planet are not obsessed with portfolio value and maximizing retirement savings like people here. Why don't you buy a Corvette or something and get this out of your system. Maybe give money to charity. I...
by Blister
Thu Dec 10, 2020 11:54 am
Forum: Personal Investments
Topic: Mortgage Principal Reduction Alternatives
Replies: 4
Views: 552

Re: Mortgage Principal Reduction Alternatives

It might be helpful to know the mortage rate, and amount and the amount you have from the sale of your older home. Would also depend on what other assests your have ie. emergency fund, retirement accounts or pensions, your age and how far from retirement. Do you have other debts with a higher intere...
by Blister
Sun Dec 06, 2020 11:14 am
Forum: Personal Investments
Topic: Total Bond vs Guaranteed 3% Account
Replies: 17
Views: 1898

Re: Total Bond vs Guaranteed 3% Account

I have an old 403b account that I considered moving to my IRA just for simplicity. With closer inspection I noted that it has a guaranteed 4.5% return. (like I said it is old) I decided to just let it be and include it as part of my bond allocation. My suggestion would be to leave it in the 401k as ...
by Blister
Sun Dec 06, 2020 11:10 am
Forum: Personal Investments
Topic: Is it Time to Rebalance
Replies: 19
Views: 2129

Re: Is it Time to Rebalance

Thanks for all the feedback. I sold the 2% over my band in equities. Was able to do this in my tax deferred account to avoid capital gains. I also decided not to reinvest dividends and capital gains so I could use that money to tweet my AA going forward. I may rethink my ISP in the future but still ...
by Blister
Fri Dec 04, 2020 2:46 pm
Forum: Personal Investments
Topic: which fixed deferred annuity ?
Replies: 5
Views: 396

Re: which fixed deferred annuity ?

Americo currently has a 5 year MYGA at 3.05% and is A rated
by Blister
Fri Dec 04, 2020 2:37 pm
Forum: Personal Investments
Topic: Is it Time to Rebalance
Replies: 19
Views: 2129

Is it Time to Rebalance

My ISP states that I keep a 50/50 asset allocation with 5% band Currently I'm at 57% equities and the non-equity percent is divided between bond funds and bond etfs, CDs and high yield (lol) money market. I am currently retired and have 10 plus years in expenses I could take from non equity assets. ...
by Blister
Tue Nov 17, 2020 10:57 am
Forum: Personal Investments
Topic: deleted* [Friend is getting windfall]
Replies: 7
Views: 1061

Re: Friend is getting windfall

She must have earned income from employment to open an IRA.
by Blister
Thu Oct 29, 2020 10:54 am
Forum: Personal Consumer Issues
Topic: Harbor Freight Good Values?
Replies: 88
Views: 5297

Re: Harbor Freight Good Values?

Most of the things there are fairly low quality. But agree with above comments that its a good place to look around. Just be aware of what you are buying. Bought a wire welder there a couple of years ago. I dont do a lot of welding but had a few things I needed to repair. In fact had never welded be...
by Blister
Tue Oct 27, 2020 8:15 am
Forum: Personal Investments
Topic: VTIAX or VEMAX + VTMGX
Replies: 17
Views: 1584

Re: VTIAX or VEMAX + VTMGX

My vote would be VTIAX You cant "tax lost" harvest in a Roth and with that small amount I agree with keeping it simple.
by Blister
Sun Oct 11, 2020 10:13 am
Forum: Personal Investments
Topic: Review My Windfall Plan
Replies: 6
Views: 1439

Re: Review My Windfall Plan

Mortgage - $1,690 rate 4.75% balance $235k (split 2 ways, so $850 for me, though not a co-owned house)

Not sure I understand this. Is the house in your name if not co-owned? Is someone else paying you $850 rent. Please explain.
by Blister
Fri Sep 25, 2020 8:46 pm
Forum: Investing - Theory, News & General
Topic: Do I Need to Keep My Life Insurance Policy?
Replies: 19
Views: 1372

Re: Do I Need to Keep My Life Insurance Policy?

I kept my insurance in force until I retired. No income No need to insure for a loss. Seemed logical.
by Blister
Mon Sep 21, 2020 11:26 am
Forum: Personal Investments
Topic: Second market dip in 2020 ?
Replies: 14
Views: 1890

Re: Second market dip in 2020 ?

Good day to make a roth conversion.
by Blister
Sun Aug 23, 2020 10:27 am
Forum: Personal Investments
Topic: Need serious help
Replies: 32
Views: 3259

Re: Need serious help

You listed VXUS as domestic stock. I dont know if anyone else caught this but it is all international. VWOB is an emerging market bond fund??
by Blister
Fri Aug 14, 2020 1:43 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 5075
Views: 1323707

Re: What Book Are You Currently Reading? Part VI

Just started

Evil Geniuses
THE UNMAKING OF AMERICA: A RECENT HISTORY
By KURT ANDERSEN

Interesting take on culture, politics, economics and all that.
by Blister
Sun Aug 02, 2020 10:50 am
Forum: Personal Investments
Topic: Investing in vacant land (acerage)
Replies: 37
Views: 5303

Re: Investing in vacant land (acerage)

My wife has two properties she inherited. Both were parts of old family farms. Her cousin leases one to farm which gives her a couple of thousand a year. The other property is cut for hay which basically covers the taxes. That one I dont think she has ever seen. I suppose our children will sell thes...
by Blister
Thu Jul 23, 2020 12:04 pm
Forum: Personal Investments
Topic: Inherited taxable gains - liquidate to simplify or not?
Replies: 14
Views: 799

Re: Inherited taxable gains - liquidate to simplify or not?

If the stepped up basis started in January 2020 I'm not sure any gains since then would be counted as long term. Your holding period would be only 6 months and any gain since January would be counted as short term. If you have short term gains of ~45K I would definitely wait till next year. Maybe so...
by Blister
Wed Jul 15, 2020 9:31 pm
Forum: Investing - Theory, News & General
Topic: Were You Around During Dotcom Bubble?
Replies: 266
Views: 20656

Re: Were You Around During Dotcom Bubble?

I was around then and watched with awe as Iomega (anyone remember this stock) shot up to a valuation to I think more than Microsoft . They made some type of add on storage device for PC's Anyway being younger and inexperienced I sold it short. Not a Boglehead move. Made some bucks when it fell but c...
by Blister
Thu Mar 26, 2020 9:22 pm
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 65693

Re: So bottom is probably behind us....right?

Not that it matters for a long term investor, but I would not be calling a bottom in the market until we see a flattening of the curve of new covid 19 cases. The US is still on the steep part of the exponential curve. I dont think people are taking this seriously enough with all the talk of putting ...
by Blister
Tue Mar 17, 2020 10:13 am
Forum: Investing - Theory, News & General
Topic: Would the Fed buy Stocks?
Replies: 6
Views: 347

Would the Fed buy Stocks?

Its my understanding that the Fed uses its power to buy Tresuries to lower the interest rate and increase money supply. With the Fed rate now at zero it doesn't seem like they have too many arrows left in the quiver. Could the Fed enter the equities market and start buying say index funds or etf's t...
by Blister
Tue Mar 17, 2020 10:04 am
Forum: Investing - Theory, News & General
Topic: Tax experts
Replies: 10
Views: 659

Re: Tax experts

I'm not a tax expert but I do quarterly tax payment thru the year estimated to cover my income and Roth conversions. Doesn't or at least hasn't seemed to affect when I do the conversion. Now seems like a good time to do a Roth conversion to catch (hopefully) a stock rebound later this year. The real...
by Blister
Tue Mar 17, 2020 9:46 am
Forum: Personal Investments
Topic: Is anyone considering starting Social Security earlier than planned? (Or later?)
Replies: 7
Views: 528

Re: Is anyone considering starting Social Security earlier than planned? (Or later?)

David Jay wrote: Mon Mar 16, 2020 8:17 pm I have built my portfolio so that I am not spending any equities during the first 6 years of retirement, so I do not need to change my plan based on short term volatility.
1+
by Blister
Sun Mar 08, 2020 3:18 pm
Forum: Investing - Theory, News & General
Topic: [Why aren't forum members following the "Stay the course" approach?]
Replies: 379
Views: 27856

Re: Disappointed in forum members

RJC wrote: Sat Feb 29, 2020 8:28 pm "Everybody has a plan until they get punched in the mouth." - Mike Tyson
LOL +1
by Blister
Sun Mar 08, 2020 3:12 pm
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 200147

Re: Coronavirus and the market

the question is whether or not the bad news is factored in. We might see 1000s of cases once testing starts. When does it start widely, and will that affect the market. Testing is probably only going to show good news. People who require hospitalization and people who have died are already counted....
by Blister
Fri Feb 21, 2020 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: EE Bonds with POD - Tax Implications
Replies: 8
Views: 566

Re: EE Bonds with POD - Tax Implications

Blister wrote: ↑Wed Feb 19, 2020 11:08 pm Unless the owner of the bond has been paying tax on the interest yearly. (which would be unusual) The the beneficiary would pay taxes on the interest when the bonds are redeemed. There is no step up in basis like inherited equities would have. At least that ...
by Blister
Fri Feb 21, 2020 1:42 pm
Forum: Personal Investments
Topic: I sold all my Apple shares today.
Replies: 40
Views: 7045

Re: I sold all my Apple shares today.

Apple is the second largest holding in VTI so you still have some in your portfolio. So don't feel bad if the price keeps going up.

:beer
by Blister
Wed Feb 19, 2020 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: EE Bonds with POD - Tax Implications
Replies: 8
Views: 566

Re: EE Bonds with POD - Tax Implications

Unless the owner of the bond has been paying tax on the interest yearly. (which would be unusual) The the beneficiary would pay taxes on the interest when the bonds are redeemed. There is no step up in basis like inherited equities would have. At least that was the case when my wife inherited hers a...
by Blister
Wed Feb 19, 2020 11:42 am
Forum: Personal Investments
Topic: Help Learning About Investing
Replies: 62
Views: 2591

Re: Help Learning About Investing

There are a few things I would suggest and am sure others will chime in. I would keep my 401k at 6% to get all the match. Thats free money. Also the rates you are paying on your 2nd mortage and credit cards are fairly high and I would put as much money as possible in paying off those. You are guaren...
by Blister
Wed Feb 19, 2020 11:29 am
Forum: Personal Investments
Topic: Switch to a different ETF from VTI?
Replies: 21
Views: 2884

Re: Switch to a different ETF from VTI?

I own both VTI and MGK in my taxable account. I also hold smaller amounts in Small cap value and growth and mid caps. The bulk of my holdings are in VTI because I like the idea of holding the entire market. My thoughts were if I do get a loss in one sector I could tax loss harvest. But so far fortun...
by Blister
Thu Feb 13, 2020 8:59 pm
Forum: Personal Investments
Topic: Roth conversion early or late?
Replies: 6
Views: 740

Roth conversion early or late?

Just trying to get some opinions. Have been doing some tIRA to Roth conversions since retirement since retiring and was thinking whether it makes more sense to do this early in the year or wait till December. Any thoughts ... What do others do in this situation?
by Blister
Sun Jan 19, 2020 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Career change at 47
Replies: 116
Views: 11729

Re: Career change at 47

Life is short. Find something you enjoy and do it. It wont be easier when you are 57.
by Blister
Sun Jan 19, 2020 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Why retire?
Replies: 267
Views: 17634

Re: Why retire?

As a retired physician I can understand your view point. At 38 I also enjoyed my career and made a good living for my family and myself. I hope you will contine to feel that way but just in case your health fails or your working environment changes (and healthcare will continue to change rapidly dur...
by Blister
Fri Jan 17, 2020 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax price drop.
Replies: 5
Views: 1217

TurboTax price drop.

I dont have a Fidelity account so cant get the free version. Anyway I like to get the download (I have a Mac no CD drive) so I can help my sister with her taxes. Price is now $39.88 on Amazon. Anyone have a lower price? (TurboTax Delux) Should I wait for a further drop.. Still dont have all my 1099's
by Blister
Fri Jan 17, 2020 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Realized we made a major mistake and feeling really sick.
Replies: 162
Views: 14669

Re: Realized we made a major mistake and feeling really sick.

Friend of mine sold is business to a large corporation for $250K in options By the time he could sell them the company was bankrupt. Essentially gave away his company. Now he felt "sick"

water under the bridge my friend