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TorchtheFlyingTiger
| Favorite team: | North Carolina St.  |
| Location: | 1st coast |
| Biography: | |
| Interests: | LSU & NC St sports, travel, finance |
| Occupation: | FIRE'd |
| Number of Posts: | 3098 |
| Registered on: | 1/14/2008 |
| Online Status: | Online |
Recent Posts
Message
re: 1st 90 Days Retired - portfolio allocation question
Posted by TorchtheFlyingTiger on 4/15/26 at 12:52 pm to Everyday Is Saturday
quote:Just yesterday, I heard podcast w Bill Bengen (originated 4% Rule) where he suggested this approach backwards from typical glide slope advice where you get more conservative with age. Instead, it makes sense to be most conservative early in retirement to weather highest sequence risk then shift to higher risk/return as you age and both sequence and longevity risk diminishes. Plus, in your case eventually both SS and pension kick in reducing proportion of spending needs covered by nest egg.
conservative (25% bonds / 15% cash equiv) at this early start of retirement. Some sequence of returns risk thinking there.
Eta: Bogleheads on Investing: Bengen on the 4.7% Rule of Thumb
1
re: Flau'jae traded to Storm
Posted by TorchtheFlyingTiger on 4/13/26 at 7:46 pm to beauchristopher
I have no idea about WNBA teams. But at least she may save $ on taxes. Washington has no income tax while California is high. wash recently passed a millionaire tax but doesnt go into effect until 2028.
re: Flau'jae Johnson is a Golden State Valkyries now traded to Seattle
Posted by TorchtheFlyingTiger on 4/13/26 at 7:39 pm to gphilli
Not anymore, now shes a Storm
Flau'jae traded to Storm
Posted by TorchtheFlyingTiger on 4/13/26 at 7:38 pm
wow that was quick
re: Certified Financial Planner -- Useful?
Posted by TorchtheFlyingTiger on 4/13/26 at 2:17 pm to Zachary
Most are going to under perform the market if actively managing. Their real value is keeping clients in a.long term strategy instead of panic selling or chasing returns. They'll also adhere to a rebalancing strategy more consistently than many DIY.
But it is expensive, even a 1% AUM fee can cost 100s of thousands compounded.
Of course, they're also a great service for those without desire or capability to learn and manage themselves including potential surviving spouse/heirs.
I'm considering a one time fee consult for retirement withdrawal strategy review/optimization but dont see enough value to pay 1% annually. Finding a good fee for service advisor with right expertise is challenging.
But it is expensive, even a 1% AUM fee can cost 100s of thousands compounded.
Of course, they're also a great service for those without desire or capability to learn and manage themselves including potential surviving spouse/heirs.
I'm considering a one time fee consult for retirement withdrawal strategy review/optimization but dont see enough value to pay 1% annually. Finding a good fee for service advisor with right expertise is challenging.
re: 1st 90 Days Retired - portfolio allocation question
Posted by TorchtheFlyingTiger on 4/13/26 at 1:17 pm to Everyday Is Saturday
Gifting appreciated assets to those in zero LTCG bracket can be a great tactic. Tried it for first time last year and was very fulfilling. Not only did I help a young family memeber get started they got a built in investment and tax lesson, had to open brokerage account with my low cost broker to receive/sell shares, neither of us paid tax on gains, and they netted a larger gift than of I sold.and gave them the proceeds.
re: 1st 90 Days Retired - portfolio allocation question
Posted by TorchtheFlyingTiger on 4/13/26 at 1:09 pm to el Gaucho
53 is.middle of Gen X.
I'm also early retired (going on year 4) and I'm in youngest third.of Gen-X.
Millenials have had more access to low cost investments, tax advantaged accounts, and information than any generation in human history. Not to mention some of the highest returns.
Dont listen to the voices telling you there's no hope. It can be done just takes uncommon discipline and sacrifice.
Damnit I took the generational conflict bait!?
I'm also early retired (going on year 4) and I'm in youngest third.of Gen-X.
Millenials have had more access to low cost investments, tax advantaged accounts, and information than any generation in human history. Not to mention some of the highest returns.
Dont listen to the voices telling you there's no hope. It can be done just takes uncommon discipline and sacrifice.
Damnit I took the generational conflict bait!?
re: 1st 90 Days Retired - portfolio allocation question
Posted by TorchtheFlyingTiger on 4/12/26 at 10:09 pm to RoyalWe
Did you consult w Q3 and if so what was your impression? Would you recommend? $11k seems steep but I'd like someone to QC my strategy before I commit nd make costly mistakes DIY.
re: 1st 90 Days Retired - portfolio allocation question
Posted by TorchtheFlyingTiger on 4/12/26 at 10:02 pm to RoyalWe
Yeah taking the penalty to convert wouldnt be efficient. I'll only do it if I can pay the tax from cash or brokerage assets or wait until 59.5.
re: 1st 90 Days Retired - portfolio allocation question
Posted by TorchtheFlyingTiger on 4/12/26 at 8:59 pm to RoyalWe
Only way I see Roth conversion being suboptimal for me is if I pass early (well before wife hits IRMAA) and my widow could convert or distribute for many years in lower bracket because she will lose my pension income.
My dilema.is determining best timing and size of annual conversions. On one hand want to knock.it out quickly to minimize years my dividends and LTCG are subject to 15% tax. But is it worth it to trigger 24% bracket instead of 22% and possibly 3.8% NIIT? On.otherhand, I could go slow and optimize for tax rate but risk not getting enough converted in time to matter.
This is why I need a good Roth optimizer tool and not just follow a.dogmatic approach. (Often based on flawed understanding of the math)
My dilema.is determining best timing and size of annual conversions. On one hand want to knock.it out quickly to minimize years my dividends and LTCG are subject to 15% tax. But is it worth it to trigger 24% bracket instead of 22% and possibly 3.8% NIIT? On.otherhand, I could go slow and optimize for tax rate but risk not getting enough converted in time to matter.
This is why I need a good Roth optimizer tool and not just follow a.dogmatic approach. (Often based on flawed understanding of the math)
re: 1st 90 Days Retired - portfolio allocation question
Posted by TorchtheFlyingTiger on 4/12/26 at 8:49 pm to RoyalWe
quote:
There’s also a compounding angle: keeping money in a tax-deferred account means a larger pre-tax balance stays invested, so you’re effectively earning returns on the IRS’s share as well.
quote:I think you're missing the commutative property here. If tax rate is same, the compounding doesnt make a difference if you pay tax up front or after compounding. You are multiplying same factors just in a different order.
And if I expect my future rates to be similar, there’s no real arbitrage to capture.
At that point, all I’d be doing is prepaying taxes and reducing the amount that stays invested, which gives up the benefit of compounding on a larger pre-tax balance
Even in same future bracket seniors face IRMAA and tax on SS income. In my case, effective taxes will almost certainly rise due to IRMAA, widow penalty, tax on SS income. That's before accounting for the uncertainty of future tax rate policy. I assign some value to locking in known tax rates. Then there is the likelihood I may inherit additional tax differed assets with a 10 yr required distribution window. Also as OP mentioned, it may be advantageous to pay tax now so heirs dont face higher rates on inherited funds during theor.high earning years.
Please show some cases for not doing conversions in early retirement or references other than other boards to peruse.
re: Checking account for a child
Posted by TorchtheFlyingTiger on 4/11/26 at 3:43 pm to Motorboat
re: 1st 90 Days Retired - portfolio allocation question
Posted by TorchtheFlyingTiger on 4/11/26 at 3:23 pm to baldona
Why would you say dont worry much about the tax bomb? By managing the taxes now you can minimoze.impact.of tax.on.SS, IRMAA, widow penalty, tax rate.on capital gains/dividends, and avoid simply paying higher.marginal tax rate.on RMDs.
If OP has 20 yrs before RMDs that leaves ~8 yrs to do conversions before IRMAA is calculated.
If OP has 20 yrs before RMDs that leaves ~8 yrs to do conversions before IRMAA is calculated.
re: 1st 90 Days Retired - portfolio allocation question
Posted by TorchtheFlyingTiger on 4/11/26 at 2:33 pm to Everyday Is Saturday
I'm just under 22% bracket without conversions (pension and a little part time income plus dividends) which is nice for now because LTCG and qualified dividends are taxed at zero. I can't make a meaningful dent on tax differed balance without going into 22% bracket which will also trigger 15% rate on LTCG. So I want to do a series large conversions to get it over with and limit yrs I'm hit w 15% LTCG but not enough to trigger 3.8% NIIT. But if I make large conversions I'll have to sell shares in brokerage to cover the tax during same year I'm putting myself in 15% LTCG bracket.
I'd also like to consider FAFSA implications since my kids will be entering college in a few yrs. I recall reading about a simplified application last few years that didn't look at assets if I come was below a fairly high threshold. I think my pension takes me over that anyway but need to make sure I don't accidentally penalize kids with no financial aid due to Roth conversion showing higher income.
I'd also like to consider FAFSA implications since my kids will be entering college in a few yrs. I recall reading about a simplified application last few years that didn't look at assets if I come was below a fairly high threshold. I think my pension takes me over that anyway but need to make sure I don't accidentally penalize kids with no financial aid due to Roth conversion showing higher income.
re: 1st 90 Days Retired - portfolio allocation question
Posted by TorchtheFlyingTiger on 4/11/26 at 2:28 pm to Everyday Is Saturday
I'm also trying to figure out Roth conversion optimization to minimize impact of RMDs, IRMAA and widow penalty in future. I haven't decided which software to use and don't get responses last time I asked here.
I'm considering Bolden, MaxiFi, Projection Lab and seems like maybe another option or two Waiting for best time to use free trials when I will really make use of them before picking a paid solution. Problem is most if not all keep their Roth conversion tools behind subscription wall so can't preview it. I-ORP was a nice free tool while it lasted.
I'm considering Bolden, MaxiFi, Projection Lab and seems like maybe another option or two Waiting for best time to use free trials when I will really make use of them before picking a paid solution. Problem is most if not all keep their Roth conversion tools behind subscription wall so can't preview it. I-ORP was a nice free tool while it lasted.
re: Is there an Obamacare that you sign up for that is free?
Posted by TorchtheFlyingTiger on 4/9/26 at 3:35 pm to Eurocat
quote:
And we are still getting away from something I dont understand, why doesnt the poor 78 year old op get medicaid or medicare?
OP was referring to her 58 yo deadbeat husband who apparently signed up for benefits and it somehow flagged and/or prevented her from filing her tax return.
re: Raising a child now costs over $300,000 in the U.S., study finds.
Posted by TorchtheFlyingTiger on 4/9/26 at 12:27 pm to Everyday Is Saturday
Exaggerated. No way I've spent that much.
Childcare and private school is a lifestyle choice not a direct cost of raising kids.
Childcare and private school is a lifestyle choice not a direct cost of raising kids.
re: Is there an Obamacare that you sign up for that is free?
Posted by TorchtheFlyingTiger on 4/9/26 at 8:37 am to sc2anni
Money board might have better insights if you post this there.
re: Is there an Obamacare that you sign up for that is free?
Posted by TorchtheFlyingTiger on 4/9/26 at 8:32 am to sc2anni
Did you try to file married joint or single? I get it, married is higher deduction, lower IRMAA and you will be in lower bracket if he has little/no reportable income. I dont know if they can come after you financially if he claimed ACA subsidies or Medicaid. You probably should talk to a tax professional and divorce attorney to sever financial ties with the deadbeat. If you.dont, he is gonna get SS survivor benefit when you pass and able to claim spouse benefit when he hits 62.
re: What % of your net take home pay is your mortgage payment?
Posted by TorchtheFlyingTiger on 4/7/26 at 3:43 pm to Brobocop
26% and wish I'd bought a bit more. It will gradually come down as my pension income increases w inflation so I'm unconcerned.
re: Angel Reese traded to ATL
Posted by TorchtheFlyingTiger on 4/6/26 at 2:06 pm to hsfolk
I was kinda hoping to see Reese and Flau'Jae on same team again. Flau'Jae has been projected to Chicago on mock drafts. Oh well, I dont really watch WNBA anyway.
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