Recent content by jebmke

he said after discussing ESG and DEI, lol

When we decide I was going to retire we spent a lot of time considering the psychological/behavioral traps in addition to just the numbers. The first 10 years were going to be no pension and no SS. I wanted to rule out (a) worrying about money (b) failing to rebalance due to "fear" and (c) any...

We never had a number. The whole idea of "a number" wasn't a thing back when we were accumulating. In retrospect, we blew past "a number" that would have worked long before I even considered retiring. I'm not sure what would have changed.

I do our taxes but I have identified a firm to pick up the task if I am no longer willing or able.

I'll add another reason. The taxpayer may have some basis in the IRA which needs to be pro-rated to the QCD. and another reason, the taxpayer may be subject to the clawback rule if he made recent contributions to the IRA

We use one of our DAFs to pass-through the small charitable items so no need to keep track of details. I'd have to be in pretty bad shape to exceed the 7.5% on medical so I don't bother keeping track

Correct. The custodian has no idea what the taxable amount of a distribution is.

agree; my plan when the time comes is to focus QCDs on the bigger payments (which are fewer), do these in Q1 and continue to use our DAFs for smaller items. Checks do go missing - we have had two DAF checks disappear into the ether never to be found. Same with checking account. Checks need to...

It is important to note that when Vanguard issues the check, the amount comes out of the IRA and is considered a distribution at the time they cut the check whether or not the check is cashed in that year. If you write the check, VG has no idea about it until the check is cashed. If the check...

You are on the same path I am. I've taken a couple of steps ahead of you. I have already identified the account to do the taxes. Also, a while back I decided to flush the HSA and get that behind us -- it just wasn't a big deal.

do you know for sure they are trading? I recall back in 2008 when Tips were thinly trading I could not get orders placed online and ended up talking directly with one of their bond traders who helped identity lots. Back then the lots were pretty small ($100K) due to the credit market wonkinenss

I'd have to look at the regs but doing a transfer from an IRA to a private foundation would be considered a distribution (taxable). QCDs cannot be made to DAFs or private foundations.

I see a lot of posts on Boglehead where the poster has a narrow view on medical expenses and only talks about insurance ( and maybe OOP insurable costs) but completely misses potential risk of uninsurable costs. There are some blockbuster drugs that are not covered by Part D that can set one...

For equities I would definitely not since the price of the stock drops by the amount of the dividend. I could argue bonds either way. When I was in accumulation mode, the only net savings that mattered was savings coming from our income.

I was joking. We bought know where everything is and how it works, for the most part. She is the only one who knows where the key to the wine cabinet is -- but I all but quit drinking years ago so I'll be OK.