Search found 2988 matches

by GerryL
Thu Jan 21, 2021 10:33 pm
Forum: Personal Investments
Topic: I have learned my lesson. No more preaching finances to my friends or family
Replies: 60
Views: 7185

Re: I have learned my lesson. No more preaching finances to my friends or family

I ran a patrol shift for the last 25 years of my career. On day one of a new officers shift I explained the benefits of our 457b plan. I had their FTO take them to city hill and accompany them to HR to enroll. As their boss I was privy to their step increases and raises. I would remind them to incr...
by GerryL
Thu Jan 21, 2021 1:48 pm
Forum: Personal Investments
Topic: Should I wait or invest
Replies: 30
Views: 1820

Re: Should I wait or invest

If you wait to invest you will never know if the next day, or next week, or next month, or even the next year might be better. Meanwhile the cash you hold onto will have a negative real return net of inflation and taxes. Yes. The question in the header might as well be "Should I have waited or...
by GerryL
Thu Jan 21, 2021 1:43 pm
Forum: Personal Investments
Topic: I have learned my lesson. No more preaching finances to my friends or family
Replies: 60
Views: 7185

Re: I have learned my lesson. No more preaching finances to my friends or family

I never involve myself in other's financial affairs unless directly asked. However, since I have given a couple seminars on the basics of retirement investing to friends, a couple friends have asked me on the side for advice. Sometimes I can help right away, other times I point them to various webs...
by GerryL
Mon Jan 18, 2021 6:38 pm
Forum: Investing - Theory, News & General
Topic: Is it more advantageous to take all of yearly distribution in one go, or once every month?
Replies: 33
Views: 2857

Re: Is it more advantageous to take all of yearly distribution in one go, or once every month?

This is my 3rd year for RMDs (including last year's RMD holiday.) Each year my IRA has been up as the year begins, so I have gotten into the habit of moving the RMD amount into the IRA settlement fund, which is an MM fund. Essentially, cash. Early in the year I execute my QCDs. Then in the 4th quart...
by GerryL
Sat Jan 16, 2021 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Selling some taxable to keep cash or pay mortgage?
Replies: 22
Views: 1975

Re: Selling some taxable to keep cash or pay mortgage?

I would differ from the previous poster, and I do encourage you to take advantage of tax-gain harvesting. Your post sounds like you are getting uncomfortable a bit about the change in your circumstances -- "job not as secure as it used to be" -- so I would call it a qualitative change and...
by GerryL
Fri Jan 15, 2021 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: IRS delays start of tax filing season to Friday, February 12, 2021
Replies: 72
Views: 6040

Re: IRS delays start of tax filing season to Feb. 12

For a lot of people, the tax refund is the largest amount of money they'll receive at one time each year. It's a method of forced savings. With rates nearing zero, I don't see a problem with it. Most would just blow the money anyway. For people who have never felt the need to be "forced" ...
by GerryL
Fri Jan 15, 2021 4:33 pm
Forum: Personal Investments
Topic: Where to stash money for grad school in three years
Replies: 9
Views: 752

Re: Where to stash money for grad school in three years

Cash, CD, online bank account or under your mattress. I wouldn’t take any risk with money I need in a coupe of years...anything can happen. We repeatedly see questions like "Where should I stash money I will need for X in three years." The "X" is irrelevant. It's the "need&...
by GerryL
Thu Jan 14, 2021 7:01 pm
Forum: Personal Investments
Topic: What's your strategy for unloading your ESPP shares?
Replies: 18
Views: 1112

Re: What's your strategy for unloading your ESPP shares?

Here’s my little secret, my apparent strategy is to hold on to them. But I think that is stupid. I just can’t stomach the tax bill and keep planning on a low income year or a market decline in which to sell that hadn’t come yet. Same here. I didn't have a strategy beyond hold. Never did a DRIP, but...
by GerryL
Thu Jan 14, 2021 2:05 pm
Forum: Personal Investments
Topic: pre-boglehead actively managed funds
Replies: 20
Views: 1052

Re: pre-boglehead actively managed funds

@loggerboots, I understand your angst about getting out of a managed fund that has performed well for you. When I first started investing in the early 1990s, I knew nothing except that I needed to be in stocks. Schooled by a feature article in Consumer Reports on stock mutual funds and the importanc...
by GerryL
Mon Jan 11, 2021 1:09 pm
Forum: Personal Investments
Topic: Please help advise on taking over my own investments
Replies: 13
Views: 985

Re: Please help advise on taking over my own investments

OP,
Highly recommended: Get yourself a copy of Bogleheads' Guide to Investing. Seriously.
by GerryL
Mon Jan 11, 2021 2:19 am
Forum: Personal Consumer Issues
Topic: Regrets postponing retirement too long?
Replies: 171
Views: 15051

Re: Regrets postponing retirement too long?

Most people have few regrets with the choice they made - no matter if they retired early, late, or "on time". I do know some widows of guys who retired a bit early and have run since out of money. But I don't believe the deceased husbands had regrets. There was a time when an employee did...
by GerryL
Sun Jan 10, 2021 11:19 pm
Forum: Personal Investments
Topic: Help With RMDS
Replies: 2
Views: 403

Re: Help With RMDS

Early in the year I move the amount of my RMD to the cash account in my IRA. No worry about ups or downs. Like you, I execute QCDs in the first part of the year and then do the rest of the RMD in Q4, and do all withholding at that time. Since I have 4 funds in my IRA, this simplifies things for me b...
by GerryL
Sun Jan 10, 2021 10:46 pm
Forum: Personal Consumer Issues
Topic: Regrets postponing retirement too long?
Replies: 171
Views: 15051

Re: Regrets postponing retirement too long?

Most people have few regrets with the choice they made - no matter if they retired early, late, or "on time". I do know some widows of guys who retired a bit early and have run since out of money. But I don't believe the deceased husbands had regrets. There was a time when an employee did...
by GerryL
Sun Jan 10, 2021 4:42 pm
Forum: Personal Investments
Topic: Portfolio Advice for a Retiree
Replies: 5
Views: 670

Re: Portfolio Advice for a Retiree

The advisor recommended selling the $1.5M in the taxable account that's invested in DIA and moving to a combination of domestic and international stock funds. This surprised me given the tax bill. Observation: Based on other posts I've seen, financial advisors don't seem to pay much mind to the tax...
by GerryL
Sun Jan 10, 2021 4:35 pm
Forum: Personal Consumer Issues
Topic: Regrets postponing retirement too long?
Replies: 171
Views: 15051

Re: Regrets postponing retirement too long?

Most people have few regrets with the choice they made - no matter if they retired early, late, or "on time". I do know some widows of guys who retired a bit early and have run since out of money. But I don't believe the deceased husbands had regrets. There was a time when an employee did...
by GerryL
Sat Jan 09, 2021 9:48 pm
Forum: Personal Consumer Issues
Topic: How did you choose a location to retire?
Replies: 113
Views: 9868

Re: How did you chose a location to retire?

I moved to Oregon in my 40s and have opted to stay here in my now paid-off home. Relatively temperate weather. Hour and a half to the ocean. Hour and a half to the top of a mountain. Mass transit to an international airport. And as I told people when I was planning to move here from Boston, I alway...
by GerryL
Sat Jan 09, 2021 7:37 pm
Forum: Personal Consumer Issues
Topic: How did you choose a location to retire?
Replies: 113
Views: 9868

Re: How did you chose a location to retire?

I moved to Oregon in my 40s and have opted to stay here in my now paid-off home. Relatively temperate weather. Hour and a half to the ocean. Hour and a half to the top of a mountain. Mass transit to an international airport. And as I told people when I was planning to move here from Boston, I always...
by GerryL
Sat Jan 09, 2021 7:30 pm
Forum: Personal Investments
Topic: Vanguard: Cashing out on Target Retirement Income Fund
Replies: 7
Views: 919

Re: Vanguard: Cashing out on Target Retirement Income Fund

A thought. If this was the friend's inheritance, shouldn't the cost basis be set to what ever the value was at the time the friend got the inheritance? And the OP said the friend "just got his inheritance."
by GerryL
Sat Jan 09, 2021 4:16 pm
Forum: Personal Consumer Issues
Topic: Regrets postponing retirement too long?
Replies: 171
Views: 15051

Re: Regrets postponing retirement too long?

I probably could have retired earlier than planned. A couple of years before the planned day (a few months before my 67th birthday) I had my portfolio evaluated and learned that I was waaaay ready financially. But I was determined to hold on until a year after my 3rd sabbatical. As it turned out, I ...
by GerryL
Fri Jan 08, 2021 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you need to log in to your retirement accounts?
Replies: 43
Views: 2500

Re: How often do you need to log in to your retirement accounts?

So, she gets her statements by snail mail? I didn't even realize they were still doing that, at least without a fee. I check my accounts at least once a month to download my statements. Also, in my taxable account I will go in to reinvest dividends. And of course, to do QCDs and take RMDs. I am not ...
by GerryL
Fri Jan 08, 2021 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: 2021 QCD at Vanguard
Replies: 53
Views: 2591

Re: 2021 QCD at Vanguard

I said I would report back on my recent experience with Vanguard. I submitted an order for a QCD on Monday, January 4. The documentation is correct on their website. Today, January 8, I received the check from Vanguard correctly made out to the charity c/o me. I also made two QCDs on the same date ...
by GerryL
Wed Jan 06, 2021 2:12 am
Forum: Personal Investments
Topic: Retirement £ mindset
Replies: 6
Views: 795

Re: Retirement £ mindset

We savers can find it hard to switch to spending mode, but it can be done. I learned shortly before I retired that I had saved enough that I run little risk of ever running out of money, even if I almost doubled my initially conservative budget. So I did. Knowing what I can afford to spend each year...
by GerryL
Tue Jan 05, 2021 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: 2021 QCD at Vanguard
Replies: 53
Views: 2591

Re: 2021 QCD at Vanguard

Not being near 70.5 for several years, I had never thought much about QCDs. Sure, if you give away your IRA money, you are not taxed on it. Big deal. But now I start to see the utility. No need to hit a deductibility threshold with QCDs. You can take the full standard deduction AND 100% of the QCD....
by GerryL
Tue Jan 05, 2021 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: 2021 QCD at Vanguard
Replies: 53
Views: 2591

Re: 2021 QCD at Vanguard

I guess I'd offer a little bit different advice given the backlog reported at Vanguard call centers. If you are too young to do a QCD wait until you are old enough to do one then the user interface will be available and if you still have questions that can't be answered with an internet search you ...
by GerryL
Mon Jan 04, 2021 2:25 pm
Forum: Non-US Investing
Topic: Vanguard's notice about International mail service!!
Replies: 2
Views: 533

Re: Vanguard's notice about International mail service!!

Not sure if our international Bogleheads saw this or not, so I posted it. International mail service: Due to COVID-19, the United States Postal Service and other carriers have temporarily suspended mail service to various international jurisdictions. Vanguard is currently unable to deliver certain ...
by GerryL
Mon Jan 04, 2021 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 112
Views: 10358

Re: For those retired or FI, how much do you spend annually?

OP, As others have pointed out, understanding your own spending is more important than finding out what others spend. If you haven't already done so, start tracking your spending to create a history of your spending patterns. I'd been using Quicken for about 20 years prior to retirement. In the 2-3 ...
by GerryL
Sun Jan 03, 2021 10:17 pm
Forum: Personal Consumer Issues
Topic: Any multimillionaire's (more than 2mm) out there still mow their own lawn?
Replies: 316
Views: 23315

Re: Any multimillionaire's (more than 2mm) out there still mow their own lawn?

What lawn? Converted it all to a well designed rock and plant garden with drip. No more mowing, fantastic way to save an hour a week. Ditto. Replaced lawn years ago. Front yard is groundcover (violets mostly), shrubs, and bark dust (aka mulch). Back is 2/3 hard scaping and 1/3 bark dust. I use nati...
by GerryL
Sun Jan 03, 2021 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Using Quicken to manage ISOs and RSUs?
Replies: 6
Views: 273

Re: Using Quicken to manage ISOs and RSUs?

I never bothered documenting my RSUs in Quicken until they vested and the shares ended up in my brokerage account. Then they were just shares. One reason was that until they vested, I couldn't really touch them, so they didn't seem like real money.
by GerryL
Sun Jan 03, 2021 6:12 pm
Forum: Personal Investments
Topic: Possible tax penalty if I take entire RMD right now
Replies: 16
Views: 1294

Re: Possible tax penalty if I take entire RMD right now

OP, Here is what I am doing since the start of SS and RMDs my income has sort of evened out: taking advantage of safe harbor rules and "withholding once is as good as 12 times" reality. Early in the year I execute QCDs. Second half of the year (actually Q4) I take the rest of the RMD, sett...
by GerryL
Sun Jan 03, 2021 3:59 am
Forum: Investing - Theory, News & General
Topic: What meaningful activities are you doing in retirement today with your free time?
Replies: 68
Views: 6947

Re: What meaningful activities are you doing in retirement today with your free time?

During the first years of retirement I worked at recovering my lost French language skills. Now most afternoons I am working on recovering my lost German language skills. It's fun. A lot easier to relearn a language than to try a new one. I don't feel a need to be productive. If I am, good. If not, ...
by GerryL
Sun Jan 03, 2021 3:49 am
Forum: Personal Finance (Not Investing)
Topic: Your 2021 Financial To-Do List
Replies: 7
Views: 1905

Re: Your 2021 Financial To-Do List

How I'm working through it? I have started in the second half, documenting key accounts, passwords, etc. Make sure I have the critical stuff in order, for my own purposes and in case someone else needs it. I think you need to be "in the mood" to tackle some of the sections. I'm filling ou...
by GerryL
Sun Jan 03, 2021 1:53 am
Forum: Personal Finance (Not Investing)
Topic: Your 2021 Financial To-Do List
Replies: 7
Views: 1905

Re: Your 2021 Financial To-Do List

Move forward (finish?) on plan to get my "death book" ready in case I am suddenly abducted by aliens. Got a good start in 2020, but I need to reach critical mass before I get my trust drawn up. I am using the Nolo book "Get It Together" as a guide to organizing important papers ...
by GerryL
Sat Jan 02, 2021 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: 2021 QCD at Vanguard
Replies: 53
Views: 2591

Re: 2021 QCD at Vanguard

Contrary to the poster above, if you are going to do both QCD's and DAF grants via Vanguard, I would think the smaller donations should be via QCD as there is apparently no minimum for QCD's. Vanguard's minimum DAF grant is $500. However, I suppose this is relative to your definition of "small...
by GerryL
Fri Jan 01, 2021 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: SS and RMD’s very simple formula
Replies: 12
Views: 1725

Re: SS and RMD’s very simple formula

I would imagine a lot of people here simply use their SS and RMD’s for living expenses and have no need for complicated withdrawal strategies. It is a great and simple strategy if it works for you. I have decided to use this and feel guilt free to spend every penny if we want. We also have HSA’s wh...
by GerryL
Fri Jan 01, 2021 10:33 pm
Forum: Personal Investments
Topic: Need to Re Balance....it's tough!!
Replies: 25
Views: 2060

Re: Need to Re Balance....it's tough!!

I rebalance when I move my RMD to the cash fund in my IRA each year. For me, the tough part is getting the domestic/international ratio right across my whole portfolio using the Vanguard Portfolio Watch tool. I ignore what has moved up or down and just focus on "adjusting the dials" to get...
by GerryL
Fri Jan 01, 2021 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: 2021 QCD at Vanguard
Replies: 53
Views: 2591

Re: 2021 QCD at Vanguard

I make an image of the check and the cover letter before sending to the charity, with the reminder that I need an acknowledgement. Do you send that large "stub" that Vanguard attaches to the check, or do you just send the check? Just the check, and the cover letter. Stub is for my records...
by GerryL
Fri Jan 01, 2021 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Your 2021 Financial To-Do List
Replies: 7
Views: 1905

Re: Your 2021 Financial To-Do List

Move forward (finish?) on plan to get my "death book" ready in case I am suddenly abducted by aliens. Got a good start in 2020, but I need to reach critical mass before I get my trust drawn up. I am using the Nolo book "Get It Together" as a guide to organizing important papers a...
by GerryL
Fri Jan 01, 2021 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: 2021 QCD at Vanguard
Replies: 53
Views: 2591

Re: 2021 QCD at Vanguard

I also turned 70.5 late last year and made my first QCD by requesting a check made out to the charity from Vanguard. Looks like this will be my preferred method of giving. Being somewhat optimistic, I expect to be 72 next year. My plan is to do my QCDs first and then towards the end of the year doi...
by GerryL
Fri Jan 01, 2021 3:11 pm
Forum: Personal Investments
Topic: Very confused about choosing between traditional & roth 401k
Replies: 98
Views: 4794

Re: Very confused about choosing between traditional & roth 401k

Just a reminder for the future: When figuring how much you have set aside for retirement, never forget that in a traditional IRA or 401k, not all of that money belongs to you. The IRS will get a portion. So that $56k in your 401k is really about $42k for your future living expenses. Now in retiremen...
by GerryL
Fri Jan 01, 2021 2:57 pm
Forum: Investing - Theory, News & General
Topic: Do you lump sum full amount into IRA at beginning of the year?
Replies: 46
Views: 2376

Re: Do you lump sum full amount into IRA at beginning of the year?

I never did. Retired now, but I DCA'd all the way. I set up auto-invest for 1/12 of the limit per month into my Roth at Vanguard, shortly after my second paycheck each month. Ran into trouble the year my income went over the limit for a full Roth contribution. I didn't discover the problem until I w...
by GerryL
Thu Dec 31, 2020 6:31 pm
Forum: Investing - Theory, News & General
Topic: How to choose your limit order price?
Replies: 8
Views: 504

Re: How to choose your limit order price?

So for those who use limit orders, how do you do it without making rebalancing more complex, or creating dangerous emotional decisions that could backfire? The only stock I own is my former employer's. Too much. I am using it to load up my DAF over the years. If added income from a stock sale works...
by GerryL
Thu Dec 31, 2020 6:13 pm
Forum: Personal Consumer Issues
Topic: [Is VPN essential for online privacy & security?]
Replies: 55
Views: 3365

Re: Which VPN would you recommend?

bob60014 wrote: Thu Dec 31, 2020 3:37 pm Nord.

What will you be using it for?
I was considering getting a VPN service so I could watch free streaming tv from France. Does anybody else here use a VPN to get access to foreign content?
by GerryL
Thu Dec 31, 2020 2:37 pm
Forum: Investing - Theory, News & General
Topic: How much cash do you hold in your investment account?
Replies: 53
Views: 4412

Re: How much cash do you hold in your investment account?

When I was in accumulation phase, I had everything on auto-reinvest -- both retirement and taxable accounts. Some people might recommend having earnings go into the settlement account and then promptly invested in a way to keep the portfolio in balance, with the focus on the word "promptly.&quo...
by GerryL
Thu Dec 31, 2020 3:30 am
Forum: Personal Investments
Topic: Donor Advised Fund make sense for me?
Replies: 11
Views: 708

Re: Donor Advised Fund make sense for me?

... Also, what are your thoughts on using a DAF to diversify a single holding with high LTCG while also having to pay 0.6% fee to the fund administrator? I have no issue doing the paperwork for all of the places we donate to, so that part of a DAF doesn’t matter to me. OP, Your wording here is a bi...
by GerryL
Wed Dec 30, 2020 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: So what kind of raise did you guys get for 2021?
Replies: 167
Views: 10903

Re: So what kind of raise did you guys get for 2021?

I'm raiseproof -- retired. But my tax-deferred investments grew a lot in the past year. Though aided somewhat by the small increment in the RMD percentage, the market has contributed more to my mandated monthly income than the RMD percentage increment. Retired here, too. Was just looking at the ear...
by GerryL
Wed Dec 30, 2020 6:52 pm
Forum: Personal Investments
Topic: 2020 over Roth limit, contributed Jan 1, what now?
Replies: 12
Views: 896

Re: 2020 over Roth limit, contributed Jan 1, what now?

When that happened to me I didn't realize it until I was doing my taxes. I called (in my case) Vanguard and they moved the original amount (contributed throughout the year) that was above the allowed limit plus the associated earnings to my taxable account. Then I recorded on my taxes only the allow...
by GerryL
Wed Dec 30, 2020 6:36 pm
Forum: Investing - Theory, News & General
Topic: $1200 stimulus to drop into my account 01/04/21
Replies: 71
Views: 9791

Re: $1200 stimulus to drop into my account 01/04/21

I pre-donated my first stimulus amount to a covid-related cause in order to get a match that was being offered. I just pre-donated the second one to a small local museum (small but outstanding) that is struggling during the shutdown. My stimulus checks are both well below the max, but thanks to the ...
by GerryL
Tue Dec 29, 2020 6:22 pm
Forum: Personal Investments
Topic: Thinking Ahead to 2021 QCDs
Replies: 2
Views: 230

Re: Thinking Ahead to 2021 QCDs

Last year's RMD holiday, announced a few months into 2020, caused some people to consider whether they should be so quick to execute QCDs. But, 1) Another RMD holiday is probably not going to happen and 2) If you want to donate the money anyway, would a surprise RMD holiday change your mind about ta...
by GerryL
Tue Dec 29, 2020 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: How do Medicare/IRMAA deductions factor into calculating the taxable portion of social security?
Replies: 7
Views: 544

Re: How do Medicare/IRMAA deductions factor into calculating the taxable portion of social security?

Your use of the word "deductions" here is confusing. Are you trying to understand how MAGI is calculated for determining whether you are subject to higher Medicare premiums (IRMAA)?
by GerryL
Mon Dec 28, 2020 4:33 pm
Forum: Personal Consumer Issues
Topic: Replacement windows
Replies: 29
Views: 2276

Re: Replacement windows

When I got my windows >12 years ago I heard that it was best to get a product that is manufactured in your region, where they are more in tune with local weather conditions. (I'm in the Pacific NW.) Of course, the windows are one thing. The experience of the people who do the installation is very im...