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  Did you or will you move to another state when you retire? If so why?
Posted by: frugal_c - 06-17-2020, 01:32 PM - Forum: Life Events - Replies (2)

To be with family?
To escape state income and property taxes?
What other reasons?
If you did move; what were the pros and cons?
Any regrets?
I'm dying to leave NJ, but I have to convince my husband.


  Setting Up Accounts for Retirement
Posted by: frugal_c - 06-17-2020, 01:28 PM - Forum: Retirement - Replies (5)

I am starting to set up my portfolio for retirement and I would like to do it right the first time around if I can. What mutual funds with tickers would you recommend for my taxable accounts that are tax-efficient yet are solid successful funds that have a strong history of growth and what mutual funds with tickers would you recommend for my IRA and 401K accounts that have strong histories of success for growth? Would appreciate allocation considerations as well. Do you have a percentage of the portfolio that you would recommend for each fund? Thank you!


  When in the year do you take your RMDs?
Posted by: BTDretire - 04-05-2020, 01:38 PM - Forum: Retirement - Replies (4)

In the beginning of the year or the end? Are there any timing advantages?


  Does anyone have clarity on RMD suspension for 2020?
Posted by: BTDretire - 04-05-2020, 01:35 PM - Forum: Retirement - Replies (4)

Does anyone have clarity on RMD suspension for 2020? I understand this has been done before. What about RMD already taken?


  As a 24 year old investor how would you allocate your 401K investments?
Posted by: solon - 04-03-2020, 09:06 PM - Forum: Asset Allocation - Replies (2)

Funds available:

- S/P 500

- Mid Cap: Growth, Equity Value

- Small Cap: Growth, Equity Value

- International: Growth, Equity Value

Current allocation:

- 30% S/P 500

- 30% Mid Cap Value

- 30% Small Cap Value

- 10% International Equity

Rationale: I'm thinking it could be a good idea to tilt towards value until we see a market correction. When a market correction occurs I'll change my contributions towards growth (not swap my value for growth, just change future contributions).

I'd be curious to hear what others have to say and other potential strategies for someone my age.


  How would you invest a 10k inheritance for an 18-year-old?
Posted by: solon - 04-03-2020, 08:48 PM - Forum: Estate - Replies (2)

Assume the kid is pretty smart, but still a knuckle head managing money. Also assume college is covered. Here's what I'm planning: putting it in FSKAX at Fidelity and saying nothing about it until he gets his MBA. What is your advice?


  So are there any parts of the stimulus bill that help you?
Posted by: solon - 04-03-2020, 08:47 PM - Forum: Retirement - Replies (2)

I think I make too much and I didn't lose my job, so I don't think my family will receive anything. We don't really need it. I just wish my investments would go back to where they were.


  Monthly dividend income?
Posted by: jim55 - 05-14-2019, 04:40 AM - Forum: Income - Replies (3)

I own Fidelity High Income fund (SPHIX) and Pimco Dynamic (PDI) for monthly distributions, any other recommendations


  When should I take my pension?
Posted by: jim55 - 05-14-2019, 04:36 AM - Forum: Retirement - Replies (5)

Been a lurker here for a while and appreciate the valuable info and discussions that occur, very educational.  I'd appreciate some thoughts/input on the following...

 
I have a pension from a previous employer that I am now eligible to take (eligible at 50 years old).  I'm currently employed and do not need the money.  The plan is well funded and appears to be stable.  Below is the breakdown of what the monthly payout would be based on the age I take it.  For example, if I take it at 54 I'll receive $606 per month.  In the event of my death my spouse will continue to receive the pension at the same amount.  I've run through some numbers based on taking the pension early and saving/investing the cash versus waiting for the monthly payout to go up.  Would greatly appreciate any input and additional things to consider from those with more experience with this.  As an aside I'm targeting 62 for retirement.  Thanks much.
 

   


  Gifting to children
Posted by: EricL - 05-09-2019, 01:54 AM - Forum: Life Events - Replies (2)

My daughter, who is not married, has just agreed to purchase a condo. The purchase price agreed to with the seller is $210,000.00. I'm looking to gift her the full amount of the purchase price. It is my understanding that from her perspective she will not have to pay any taxes on the gift. From my perspective I will have to file a 'gift tax form' with the IRS indicating that this gift will go toward my lifetime gift exemption but that I will not have to pay any taxes either.

Am I correct?