Search found 232 matches

by bkweathe
Sun Jan 17, 2021 1:25 am
Forum: Personal Finance (Not Investing)
Topic: Leaving FA - had the convo, could use some support!
Replies: 31
Views: 2964

Re: Leaving FA - had the convo, could use some support!

1. Don't talk to your old advisor again until the transfer is complete unless Vanguard tells you to. If you do, expect another sales pitch. 2. After the transfer is complete, if you really think you have to communicate with your old advisor (you don't!), send him a very short thank you note. Don't e...
by bkweathe
Fri Jul 10, 2020 12:25 am
Forum: Personal Finance (Not Investing)
Topic: Taxation of Social Security Benefits, etc.
Replies: 7
Views: 906

Taxation of Social Security Benefits, etc.

Please tell me if I'm understanding this correctly. I don't think I'm going to be paying any federal income tax after I start taking Social Security; at least not for a while. Am I right? I retired last year. I'm 58 now, so it'll be a few years until we start taking SS. However, for the sake of simp...
by bkweathe
Tue Jun 30, 2020 4:57 pm
Forum: Investing - Theory, News & General
Topic: Total Returns Beats Dividend Focus
Replies: 17
Views: 1686

Total Returns Beats Dividend Focus

I'm pretty sure that Vanguard wrote a white paper or something a few years ago showing why aiming for total returns is better than focusing on dividends. Anybody know where I can find it? Anything similar in the Bogleheads wiki?

Brad
by bkweathe
Wed Jun 10, 2020 2:40 pm
Forum: Investing - Theory, News & General
Topic: Well, I am market timing due to coronavirus... Wish me luck.
Replies: 1439
Views: 135323

Re: Well, I am market timing due to coronavirus... Wish me luck.

It was a Fun RIDE!!! gotta gamble a little sometimes.. I'm up a few percent from the high... i mad a few large deep swings that paid off well!!! and a couple that didn't! won more than I lost. Nothing wrong with setting aside a small percentage of money to gamble with. I love being in cryptocurrenc...
by bkweathe
Wed Apr 29, 2020 6:14 pm
Forum: Personal Investments
Topic: 2021 (& Beyond) Retirement Income Plan - Please Advise
Replies: 12
Views: 1406

Re: 2021 (& Beyond) Retirement Income Plan - Please Advise

Any additional feedback or suggestions would be appreciated! We're working on implementing the plan, but it's not too late to make changes. We have the 0% credit card. The credit limit is lower than I'd hoped, but I'll ask for an increase. When's the best time to do that? After we've had it for awhi...
by bkweathe
Sat Apr 11, 2020 4:34 pm
Forum: Personal Investments
Topic: 2021 (& Beyond) Retirement Income Plan - Please Advise
Replies: 12
Views: 1406

Re: 2021 (& Beyond) Retirement Income Plan - Please Advise

Any other feedback would be appreciated! We need to start implementing our plan, whatever it ends up being. We're leaning towards using the HSA (1.1 above), Roth IRA (1.2), whole life policy (1.3), & credit card (1.7). That leaves us about $8K short, so maybe we'll dip into the HELOC (1.6) aroun...
by bkweathe
Fri Apr 10, 2020 11:03 am
Forum: Personal Investments
Topic: The Coming Baby Boom?
Replies: 48
Views: 2287

Re: Will there be a baby boom in 8 to 10 months?

If so, in about 13 years we'll have quaran-teens. :)
by bkweathe
Thu Apr 09, 2020 7:04 pm
Forum: Personal Investments
Topic: 2021 (& Beyond) Retirement Income Plan - Please Advise
Replies: 12
Views: 1406

Re: 2021 (& Beyond) Retirement Income Plan - Please Advise

Save the HSA, Roth IRA, and TIRA assets at least until age 59.5, longer if possible. Thanks! Why is it important to save these at least until 59.5? Withdrawing before age 59.5 triggers the 10% penalty. Waiting avoids that. Thanks for the explanation, Duckie! I think we're OK, though. HSA - only pla...
by bkweathe
Thu Apr 09, 2020 4:00 pm
Forum: Personal Investments
Topic: 2021 (& Beyond) Retirement Income Plan - Please Advise
Replies: 12
Views: 1406

Re: 2021 (& Beyond) Retirement Income Plan - Please Advise

OP, There are provisions in the Care act that allow You to tap up to $100,000 of your 401k without a 10% penalty—but you will pay income tax if not repaid in 3 years. This might help provide some bridge money.... You should be able to pay the taxes if you don’t repay over 3 years. See https://www.k...
by bkweathe
Thu Apr 09, 2020 3:50 pm
Forum: Personal Investments
Topic: 2021 (& Beyond) Retirement Income Plan - Please Advise
Replies: 12
Views: 1406

Re: 2021 (& Beyond) Retirement Income Plan - Please Advise

Thanks for your note Duckie! We need about $53K between now and May 2021. What should we do? I would cash out the whole life insurance policy ($14K) and try to get a job. If you can't get work then get the HELOC ($40K) and try for the 0% credit card ($20K). Thanks! Which of these options provide tax...
by bkweathe
Thu Apr 09, 2020 3:22 pm
Forum: Personal Investments
Topic: 2021 (& Beyond) Retirement Income Plan - Please Advise
Replies: 12
Views: 1406

Re: 2021 (& Beyond) Retirement Income Plan - Please Advise

Some say, if you are retired, it's all an emergency fund. I think low-hanging fruit is the HSA reimbursements $2,000 not taxable; cash out whole life $14,500 not taxable (I would do this regardless after double-checking current values). Maybe see if you can lower the interest rate on the mortgage. ...
by bkweathe
Wed Apr 08, 2020 1:23 pm
Forum: Personal Investments
Topic: 2021 (& Beyond) Retirement Income Plan - Please Advise
Replies: 12
Views: 1406

Re: 2021 (& Beyond) Retirement Income Plan - Please Advise

Did you just get layed off? Is this why you are now retiring? If so you should go apply for Unemployment Insurance right away. It will help a lot for this year. The best way to cover your bills for the next few years is to try to go back to work. Are you sorta healthy or do you have medical issues ...
by bkweathe
Wed Apr 08, 2020 11:36 am
Forum: Personal Investments
Topic: 2021 (& Beyond) Retirement Income Plan - Please Advise
Replies: 12
Views: 1406

2021 (& Beyond) Retirement Income Plan - Please Advise

Emergency funds: We've already used it, but we have some cash in our retirement assets.  We should probably re-establish a separate emergency fund. Debt: Mortgage ($98K @ 3.875%, ~21 years to go) Tax Filing Status: Married Filing Jointly Tax Rate: 2019:  10% Federal, 6% State             2020:  10-1...
by bkweathe
Wed Apr 01, 2020 4:04 pm
Forum: Personal Investments
Topic: Portfolio Review / Retirement Income Plan v2
Replies: 11
Views: 631

Re: Portfolio Review / Retirement Income Plan v2

Amp, Oops! No, I'm not talking about Browne's Permanent Portfolio. I see how my use of that phrase could be confusing. I'm talking about the fact that I might want to have one pool of money to spend down to help us get to the start of Social Security (Bridge - conservative AA) & another to use ...
by bkweathe
Wed Apr 01, 2020 2:04 pm
Forum: Personal Investments
Topic: Portfolio Review / Retirement Income Plan v2
Replies: 11
Views: 631

Re: Portfolio Review / Retirement Income Plan v2

Amp, Oops! No, I'm not talking about Browne's Permanent Portfolio. I see how my use of that phrase could be confusing. I'm talking about the fact that I might want to have one pool of money to spend down to help us get to the start of Social Security (Bridge - conservative AA) & another to use f...
by bkweathe
Wed Apr 01, 2020 2:00 pm
Forum: Personal Investments
Topic: Portfolio Review / Retirement Income Plan v2
Replies: 11
Views: 631

Re: Portfolio Review / Retirement Income Plan v2

PartIrish, Sorta. Technically not insurance, but we're using a health cost sharing group called Christian Healthcare Ministries. The cost for that is included in my estimate of expenses, as are other expected healthcare costs. Good point about managing income to get subsidies if we need to switch. T...
by bkweathe
Wed Apr 01, 2020 12:05 pm
Forum: Personal Investments
Topic: Portfolio Review / Retirement Income Plan v2
Replies: 11
Views: 631

Re: Portfolio Review / Retirement Income Plan v2

Thanks Paul! I look forward to your insights! I appreciate your thoughtful & helpful comments on others' posts. Dividing our portfolio between a Permanent Durable Portfolio & a Bridge Portfolio is a way for us to think about the fact that we might need a different AA for the money that we ex...
by bkweathe
Wed Apr 01, 2020 11:08 am
Forum: Personal Investments
Topic: Portfolio Review / Retirement Income Plan v2
Replies: 11
Views: 631

Re: Portfolio Review / Retirement Income Plan v2

If I take my first annual SEPP distribution in a few days, when can I take my second? Do I have to wait a year (365 days)? Almost a year? Anytime in 2021? Edit: Anytime in 2021 I have not yet created the SEPP Source IRA. I plan to do that in the next few days, before taking my first SEPP distributio...
by bkweathe
Wed Apr 01, 2020 8:01 am
Forum: Personal Investments
Topic: Portfolio Review / Retirement Income Plan v2
Replies: 11
Views: 631

Re: Portfolio Review / Retirement Income Plan v2

Any suggestions would be appreciated!

Brad
by bkweathe
Tue Mar 31, 2020 3:12 pm
Forum: Personal Investments
Topic: Portfolio Review / Retirement Income Plan v2
Replies: 11
Views: 631

Portfolio Review / Retirement Income Plan v2

Emergency funds: I've already used it, but we have some cash in our retirement assets.  I should probably re-establish a separate emergency fund. Debt: Mortgage ($98K @ 3.875%, ~21 years to go) Tax Filing Status: Married Filing Jointly Tax Rate: 2019:  10% Federal, 6% State             2020:  12% Fe...
by bkweathe
Wed Mar 25, 2020 9:40 am
Forum: Personal Investments
Topic: Portfolio Review / Retirement Income Plan
Replies: 4
Views: 384

Re: Protfolio Review / Retirement Income Plan

Thanks megabad!

1. Neither 401k is eligible for Rule of 55.
2. Term policy expense is small - dropping it would barely make a debt in the 2020 gap.
3. Whole life cash value is about $14k. Not enough to fill 2020 gap, but enough to help. Is there another way to get money out of it?I

Brad
by bkweathe
Tue Mar 24, 2020 5:56 pm
Forum: Personal Investments
Topic: Portfolio Review / Retirement Income Plan
Replies: 4
Views: 384

Portfolio Review / Retirement Income Plan

Emergency funds: I've already used it, but we have some cash in our retirement assets.  I should probably re-establish a separate emergency fund. Debt: Mortgage ($98K @ 3.875%, ~21 years to go) Tax Filing Status: Married Filing Jointly Tax Rate: 2019:  0% Federal, 6% State             2020:  12% Fed...
by bkweathe
Fri Mar 06, 2020 10:48 am
Forum: Personal Investments
Topic: Multiple Vanguard IRAs?
Replies: 15
Views: 973

Re: Multiple Vanguard IRAs?

Thanks for the additional information! I think that by the time I need to take RMDs, I'll have consolidated everything into one Vanguard IRA. I've got more than a decade to work that out. I wish I could give my "SEP Source IRA" a nickname, but I think I'll be able to keep them straight. Sa...
by bkweathe
Thu Mar 05, 2020 11:46 am
Forum: Personal Investments
Topic: Multiple Vanguard IRAs?
Replies: 15
Views: 973

Re: Multiple Vanguard IRAs?

Thanks to everyone who answered!

Brad
by bkweathe
Wed Mar 04, 2020 11:48 am
Forum: Personal Investments
Topic: Multiple Vanguard IRAs?
Replies: 15
Views: 973

Re: Multiple Vanguard IRAs?

Sure, you can have as many iras at Vanguard as you want. Not sure if it matters for Sepp. Thanks, mhalley! As I understand it, based on the wiki article, once a SEPP starts, the payments have to be exactly what is determined by one of the formulas every year & no other payments are allowed from...
by bkweathe
Wed Mar 04, 2020 11:20 am
Forum: Personal Investments
Topic: Multiple Vanguard IRAs?
Replies: 15
Views: 973

Multiple Vanguard IRAs?

Can I have multiple traditional Vanguard IRAs? If so, how? I'm thinking of using SEPPs as a part of a bridge to collecting Social Security, but I don't want to take such payments from my whole portfolio. I have a traditional rollover IRA at Vanguard & a couple of traditional 401Ks w/ former empl...
by bkweathe
Fri Feb 28, 2020 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: How to decide whether to have the car fixed, or take the insurance money
Replies: 15
Views: 749

Re: How to decide whether to have the car fixed, or take the insurance money

Does the bumper still work (will it provide protection in another accident)? If so, I'd probably leave it unfixed.

Brad
by bkweathe
Wed Feb 05, 2020 12:06 pm
Forum: Investing - Theory, News & General
Topic: Well, I am market timing due to coronavirus... Wish me luck.
Replies: 1439
Views: 135323

Re: Well, I am market timing... Wish me luck.

Good luck! By which I mean, "I hope this move backfires so you'll learn not to do it again, when you'll probably have more to lose".

Brad
by bkweathe
Mon Jan 27, 2020 1:02 pm
Forum: US Chapters
Topic: St Louis Bogleheads
Replies: 135
Views: 34191

Re: St Louis Bogleheads

No thanks on the "Summit".

Interesting that "Investing" is not among the topics.

Brad
by bkweathe
Sun Jan 19, 2020 11:08 pm
Forum: Personal Investments
Topic: Question on implementing change in Asset Allocation
Replies: 7
Views: 586

Re: Question on implementing change in Asset Allocation

Rein said Simplest way is to have the same allocation in all accounts. If you want to optimize fund selection (ie for fees) or to a less determinative extend tax minimization then you could vary the account level AA and get to the same overall AA but that will require a little bit more maintenance. ...
by bkweathe
Tue Dec 24, 2019 3:41 pm
Forum: Personal Investments
Topic: Employee Stock Purchase Plan
Replies: 11
Views: 739

Re: Employee Stock Purchase Plan

I would sell all or most of my shares ASAP each time I purchased. It's been a long time, but I think I used to sell at least enough immediately to get my cost back. I remember that once I held onto a few shares until shortly before I got married, then sold them to have honeymoon money. Black Monday ...
by bkweathe
Thu Dec 12, 2019 6:26 pm
Forum: Personal Investments
Topic: Windfall advice
Replies: 10
Views: 1762

Re: Windfall advice

Welcome to the forum! Please find the Windfall article in the wiki. It has a lot of good information aimed at your specific situation. To answer your specific questions at the end: Putting the money in a saving account for a while is probably an excellent plan. You almost certainly do not need a fin...
by bkweathe
Mon Aug 19, 2019 10:48 am
Forum: Personal Investments
Topic: Managed fund vs index fund- will danoff.
Replies: 12
Views: 1260

Re: Managed fund vs index fund- will danoff.

The scary thing about danoff hasn’t he been running the fund for 25 years or something? How much longer before he retires? Yes! Even if Mr. Danoff is beating the market with skill (a dubious claim at best), how much longer will be be there & what will you do when he leaves? I left Contrafund a ...
by bkweathe
Sun Aug 04, 2019 2:42 pm
Forum: Personal Consumer Issues
Topic: Point of Grammar/Proper Usage re Name of Organization
Replies: 12
Views: 1057

Re: Point of Grammar/Proper Usage re Name of Organization

Yes.

Without the apostrophe, you have an association of owners.

With the apostrophe, you have an association that belongs to the owners.

I think either works, but you probably want the version w/out the apostrophe.

Brad
by bkweathe
Wed Jul 10, 2019 7:58 pm
Forum: Personal Investments
Topic: Poorly Managed
Replies: 25
Views: 2398

Re: Poorly Managed

Boggledmind, How long, if ever, until you get control of the fund? If it's only a few years, it might not be worth fighting this battle. I'm assuming that your parents are the trustees? Are there others? Have you watched the Bogleheads Philosophy videos? If not, please look for them on the Getting S...
by bkweathe
Fri May 17, 2019 3:10 pm
Forum: Personal Investments
Topic: Best way to deploy $450,000 of IRA money right now
Replies: 30
Views: 2442

Re: Best way to deploy $450,000 of IRA money right now

Saying the money was in a 401k doesn't answer the question about how it was invested. Every 401k I've ever seen has several options, at least, usually including cash. They don't have to rush into deciding anything; a few days or weeks is unlikely to make much difference. However, they've already mad...
by bkweathe
Wed May 15, 2019 1:08 pm
Forum: Personal Consumer Issues
Topic: Health Insurance question for early retiree
Replies: 8
Views: 756

Re: Health Insurance question for early retiree

If you sister is a Christian, I suggest investigating healthcare cost-sharing ministries like Christian Healthcare Ministry, Medi-share, and Samaritan Ministries. All of these organizations that I know of require that members be Christian. I just signed up for CHM. The cost is low and the coverage s...
by bkweathe
Thu Jan 31, 2019 5:16 pm
Forum: Personal Investments
Topic: Considering Switching to Index Funds
Replies: 15
Views: 1402

Re: Considering Switching to Index Funds

Welcome to the forum! Switching to index funds is likely to be a very wise choice for you. Please start at the beginning: https://www.bogleheads.org/wiki/Getting_started Please watch the Bogleheads® investment philosophy videos that are discussed on that page. They are informative, free, short, &...
by bkweathe
Thu Jan 31, 2019 4:08 pm
Forum: Personal Investments
Topic: Brand new and in need of advice
Replies: 4
Views: 334

Re: Brand new and in need of advice

Welcome to the forum! Please start at the beginning: https://www.bogleheads.org/wiki/Getting_started Please watch the Bogleheads® investment philosophy videos that are discussed on that page. They are informative, free, short, & entertaining. You can watch the whole series in about an hour. Alth...
by bkweathe
Wed Jan 30, 2019 1:36 pm
Forum: Personal Consumer Issues
Topic: Have you searched for your unclaimed property?
Replies: 64
Views: 6852

Re: Have you searched for your unclaimed property?

We found several payments that had been sent to my dad at an old address, apparently after he passed away. Some went to Ohio & some to Kansas. I couldn't get my mom & siblings to deal with it before Mom passed away. When we finally made the effort, Mom's passing made it much more difficult t...
by bkweathe
Fri Jan 18, 2019 1:53 pm
Forum: Personal Investments
Topic: Newbie needing some advice - which other Vanguard funds
Replies: 24
Views: 2225

Re: Newbie needing some advice - which other Vanguard funds

Welcome to the forum :) . In selecting funds to use strive for a combination of both broad diversification (to decrease risk) and low expense ratios (to increase net return). Hi, To start it off, please forgive me if this is a stupid question or topic . Am new to this whole investment scheme and tr...
by bkweathe
Fri Jan 18, 2019 11:03 am
Forum: Investing - Theory, News & General
Topic: REGISTRATION FOR 2019 BOGLEHEAD CONTEST [Entry deadline has passed]
Replies: 701
Views: 23512

Re: REGISTRATION FOR 2019 BOGLEHEAD CONTEST

Scooter57 wrote: Fri Jan 11, 2019 9:40 am Are those last 4 entries typos? The order of magnitude is way off. They might be skewing the average. It would be nice to see the median and standard deviation, too.
I suspect that those four are guessing the DJIA, not the S&P 500.

Brad
by bkweathe
Tue Dec 04, 2018 6:13 pm
Forum: Personal Investments
Topic: Silly 401k Question: Roll out rollover?
Replies: 9
Views: 1007

Re: Silly 401k Question: Roll out rollover?

archbish99, My employer will allow me to roll out my rollover, and I plan to do so for reasons similar to yours. It looks like a fairly simple process. I think that Spririt Rider is saying that the ability to do this is a legal requirement. I can't confirm that, but I have no reason to think it's no...
by bkweathe
Fri Nov 02, 2018 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: How'd You Fund Downpayment for II House
Replies: 2
Views: 735

Re: How'd You Fund Downpayment for II House

I'm not sure exactly what you're asking, but I think you're considering taking money out of your emergency fund, putting it in the stock market, and then using it to help buy a house. Is that correct? If that's what you're considering, I don't think any Bogleheads or other financially-knowledgeable ...
by bkweathe
Tue Oct 30, 2018 3:06 pm
Forum: Investing - Theory, News & General
Topic: Compounding interest?
Replies: 47
Views: 5965

Re: Compounding interest?

Phineas J. Whoopee, My posts were NOT about what happens when a company doesn't make a profit. My posts were about what happens when a company makes a profit. I realize that some companies pay a dividend despite losing money. Doing so seems ridiculous to me. Just as making a profit can lead to compo...
by bkweathe
Mon Oct 29, 2018 10:54 pm
Forum: Investing - Theory, News & General
Topic: ETF provider State Street unintentionally promotes traditional index funds
Replies: 38
Views: 3103

Re: ETF provider State Street unintentionally promotes traditional index funds

The game was reasonably fun, though the scores seemed unnecessarily inflated. To be honest, for a passive investor, is there ever any good reason to buy ETFs? I can't think of a single reason off the top of my head. In my Vanguard Roth account, my account balance is currently not high enough to hit...
by bkweathe
Mon Oct 29, 2018 9:54 pm
Forum: Investing - Theory, News & General
Topic: Compounding interest?
Replies: 47
Views: 5965

Re: Compounding interest?

Phineas J. Whoopee & JustinR, My posts above were NOT about what happens when a company pays a dividend. My posts were about what happens when a company makes a profit. When a company makes a profit, its investors get more resources with which to make profits in the future. This is compound grow...
by bkweathe
Fri Oct 26, 2018 5:09 pm
Forum: Investing - Theory, News & General
Topic: Compounding interest?
Replies: 47
Views: 5965

Re: Compounding interest?

... -- If it pays a dividend, the investor gets to decide what to do with it; he still has the same portion of the company as he bought plus something else. If that something else is an investment, he has the potential to make more profit now than he started with. The value of his holdings have gro...
by bkweathe
Fri Oct 26, 2018 4:24 pm
Forum: Investing - Theory, News & General
Topic: Compounding interest?
Replies: 47
Views: 5965

Re: Compounding interest?

For companies, I don't think that "compound interest" is the right term. I think we should talk about "compound growth". When a company generates a profit, it can either pay a dividend or reinvest it or keep the cash. -- If it pays a dividend, the investor gets to decide what to ...