meditative

meditative
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  • Why Retirees Go Broke  [View article]
    thought provoking article.
    Some of us are lucky to have a government pension with a cola along with social security to provide a comfortable spending floor.
    It's shocking how low the median savings is for retirees. How do they plan to survive?
    Jan 9, 2016. 07:19 PM | Likes Like |Link to Comment
  • How To Retire At 59 With $900,000 In Net Worth  [View article]
    gfleis,

    Yes, that is what my husband and I have done. You can do a combination of taking distributions and converting to a Roth IRA (there is lots of advice on the web to tell you how to do so correctly) to maximize your use of your lower tax bracket.
    We will still be popped up into a higher tax bracket at age 70.5, but it will be less of a bite since we have been proactive.

    Med
    Dec 20, 2015. 11:40 AM | 2 Likes Like |Link to Comment
  • How To Retire At 60 With A Million Bucks  [View article]
    This is extremely close to the strategy my husband and I are using at this point. We have the next five years needs beyond our pension income coming from CDs, with the large majority invested in domestic and international stock etfs. In about 3 years we will then take Soc. Sec. at our full retirement age. At that point our need to withdraw from IRAs and taxable accounts will be minimal compared to now.

    The wrinkle not discussed in the article is that we are withdrawing enough from our rollover IRA to fill up our tax bracket (using the extra beyond what we need to live on to convert to the Roth IRA). Once we hit the magic age of 70.5 we will be in the higher tax bracket.

    We've been retired 10 years, and spent most of them in a lower cost state with aging parents. We learned a lot from their experiences with health care in very old age. We decided anyway to return to a high cost area to be near our daughter a couple years ago (and are very happy we did, it's a pleasure to be near her and our son-in-law). The pension (with a cola) coupled with our assets makes this possible, as well as having our health needs covered by relatively inexpensive Kaiser.

    thanks for the article and all the comments!
    Dec 12, 2015. 11:12 AM | Likes Like |Link to Comment
  • Can ETFs Outperform Individual Stock Picks?  [View article]
    thanks for the article. I think holding the index funds might be less stressful than holding individual stocks, whatever the outcome.
    Aug 18, 2015. 10:20 AM | 1 Like Like |Link to Comment
  • The Futility Of Retirement Calculators  [View article]
    firecalc is great, it lets you put in a pension and social security and also can account for one-off events
    Jul 9, 2015. 08:40 AM | 2 Likes Like |Link to Comment
  • You Can Afford To Hold Cash  [View article]
    as retirees of 10 years with 5 years to go till full Soc Sec retirement age, we raised cash over the last month and put it into a CD ladder to take the place of early Soc Sec income (which we declined). The rest of our assets are still working for us in high quality dividend paying, dividend growing profitable companies, both domestic and foreign. (we have a good pension underlaying the whole system)

    The graph at the top of the article assumes one does not withdraw any money from the account for many, many years. (at least that's how it looked to me) Retirees do need to take some money for their expenses. I'd rather have the slower growing larger sum to pull from if needed during the first long portion of the graph.
    Jun 26, 2015. 04:01 PM | Likes Like |Link to Comment
  • Kinder Morgan Will Continue To Increase, Not Lower, Its Debt Load, And That's A Good Thing  [View article]
    Morningstar assigns a wide moat to KMI
    Jun 12, 2015. 05:57 PM | 6 Likes Like |Link to Comment
  • My Top 3 Fabulous Pharma Stocks  [View article]
    reload the app. I had the same problem, and the new version works (3.9.4, I believe) this was for the smart phone
    Jun 11, 2015. 07:08 PM | 1 Like Like |Link to Comment
  • Premarket Gainers / Losers as of 9:10 am  [View news story]
    it was a good day to be long HCC!
    Jun 10, 2015. 09:24 PM | Likes Like |Link to Comment
  • My Top 3 Fabulous Pharma Stocks  [View article]
    Very interesting. While two of my three biotech etfs (BBH, IBB, and XBI) hold CELG, there is nary a hint of VRX or ACT. We do own ABBV, GSK, JNJ, MDT, & soon BAX's spinoff pharmaceutical. What a wonderful time to be growing old, lots of help available for whatever ails you.
    Jun 9, 2015. 11:37 AM | 2 Likes Like |Link to Comment
  • Stress Test For Dividend Growth Investors  [View article]
    there's research that shows once people earn more than about $70,000, it only adds to their happiness temporarily, then they go back to their normal level of happiness. Below that number, earning an incremental amount more leads to continued happiness.
    Thanks for the real life reminder. What an interesting life you have led, peace!
    May 18, 2015. 10:22 AM | 1 Like Like |Link to Comment
  • Stress Test For Dividend Growth Investors  [View article]
    what a useful thing to learn. Thanks!
    May 14, 2015. 11:18 AM | Likes Like |Link to Comment
  • Hope Is Not A Strategy, Before Investing Have A Precise Calculation Of Return In Mind  [View article]
    thanks, Chuck, for this very useful explanation of using the forecasting calculator. I appreciate you so much!

    Med
    Apr 30, 2015. 03:28 PM | 1 Like Like |Link to Comment
  • Why I Sold Exxon Mobil And Invested In BP  [View article]
    a wide moat, like Exxon has
    Mar 25, 2015. 09:54 AM | 3 Likes Like |Link to Comment
  • Why I Sold Exxon Mobil And Invested In BP  [View article]
    I agree with you Rose!

    According to morningstar (which I read online through my library) BP also has NO moat, a big red flag for me.

    Med
    Mar 25, 2015. 09:36 AM | 1 Like Like |Link to Comment
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