Recent content by WilliamG

Me also! It almost seems the instructions are biased toward leading a person toward the online version.

Doesn't the 4% include dividendS?

Agree with this. We have Vanguard withhold when making IRA withdrawals and always plan a 4th quarter withdrawal that we can use to "true up" withheld taxes to anticipated total tax if necessary.

History of Automatic Cost-of-Living Adjustments

Meant to link this earler. Steve Vernon article on these two funds for retirement. Recession-Proof Your Retirement Savings -- Part 2 - CBS News

Wellington/Wellesley have been a large part of our portfolio. If you have equal amounts of them then you wind up with a 50/50 allocation which just happens to be our overall allocation. Sold quite a lot of Wellesley back in May but have retained all of the Wellington. Will go back into...

Here is an interesting article on buckets maintenance from Morningstar. A Bucket Portfolio Stress Test

My first exposure to buckets like this was with Frank Armstrong articles on Morningstar in 2000, the year I retired. He proposed a non-equity allocation equal to 5-7 years of spending and that the non-equity be high quality short term bonds. Cash takes to the extreme of high quality short term...

This looks similar to recent article in Wallstreet Journal suggesting using the IRS table for inherited IRAs might utilize a withdrawal rate that is more realistic and allows using more money sooner. Quick check of that table is around 6% for age 70 and 7.5% for age 75. Inherited IRA RMD Table...

And if no beneficiaries are named when one of the owners might die, their share would default to their estate and go through probate right?

Thank you Michael. Sounds like you are saying that you can first set up (or ensure already set up) beneficiaries for each current beneficiary and then the potential for a rollover to another institution could be addressed.

Titled in name of deceased FBO the two beneficiaries.

Another question. What happens if one co-beneficiary dies? Assume can go to his/her stated beneficiary which means having a way to split the account is necessary or does it usually revert to the surviving beneficiary?

The IRA is set up for the benefit of both my brother and I with oldest (me) being the RMD basis. Set up in 2000, so no easy just change your mind approach. We each could use a little extra right now and having this split between us to manage as needed would be simplest approach. An...

Thanks for replies. Fyi, got response on another site that should not be talking withdrawal but rolling one half of the total institution to institution.