Yes, you can decline for T-IRA, but not for 401k/403b. Then, the rules may require estimated tax payment in the relevant quarterly period.

@Baseball_Fan - in March 2023 President Biden submitted his 2024 budget proposal calling for an increase in corporate taxes. Can we help you understand "proposed" vs actually raising? To the best of my knowledge his budget hasn't actually passed to date.
Read here
After, link me to your proof that the raise has already happened because I can't find it.

Real wages are still higher than they were in three out of the four years of the previous administration prior to the Covid outbreak, and it's false to say every month. They just started to rise this year:
https://fred.stlouisfed.org/series/LES1252881600Q
Meanwhile, the 3.7% unemployment rate is close to an all-time low:
https://fred.stlouisfed.org/series/UNRATE

Good times widely unnoticed:
DDoney:
On average, President Biden has the highest real (inflation-adjusted) wage and lowest unemployment rate of any president from LBJ to present (1964-2023).
Workers never had it better.
and (the whole thread)
https://twitter.com/paulkrugman/status/1673947313704783877

+1.

I "love" Bofa predictions. See what they said on 12/28/2022 (https://www.businessinsider.com/stock-market-volatility-2023-investing-strategy-sp500-bank-america-subramanian-2022-12)
Bofa recomendations were:
1) Subramanian said she sees stocks going through a volatile period in the first half of 2023 as a recession hits the US economy.
2) avoid the S&P 500 index and mega tech
3) Her most-preferred sectors for 2023 are energy, financials, consumer staples, and utilities.
Reality:
1) Volatility wasn't high in the first half. In fact the indexes were nicely up
2) YTD...SPY made 14.8%...QQQ 37.3%
3) Subramanian preferred categories YTD performance...XLF -3.3%...XLE -7.1%...XLP -0.2%...XLU -7.8%
If you follow the above you missed at least 15-20%. Let me know another profession you can keep your job and be so wrong so many times.
=============
A week ago (link)
MMM...maybe it's time to sell, after all subramanian said "The market is more rational than its been in a decade’"
More than a decade? did she look at what the SP500 made in the last 10 years? SPY made 225% in 10 years and QQQ made 460%.

The new W-4R requirements are working smoothly now.
Default fed tax w/h for withdrawals are 20% from 401k/403b, 10% from T-IRAs. I wanted more tax w/h to avoid paying Est Tax (which is also a simple online process), so that kicked in new W-4R.
There were early reports of required paper filings of W-4R. But now everything is online. My experiences at 3 brokerages:
Fido (403b) Rep just asked verbal OK to complete a new W-4R for me. However, Fido insists that MY plan requires phone call, so no online processing.
TIAA (403b) allowed online editing of the w/h % without any thing additional. It's assumption seems to be that changing % is in effect completing a new W-4R.
Vanguard (T-IRA) required online completion and signature of a new W-4R.
In all cases, I could designate a specific fund to take all withdrawals - default is proportional withdrawals. So, if you do this via phone, speak up early, or choose "custom" option online. At least at Fido I learned a few years ago that if you mention this late in the call, the Rep had to cancel and start over - that is irritating to both the Rep and the customer.

https://www.sec.gov/Archives/edgar/data/773757/000119312523176970/d431892d497.htm
[The fund is rated four stars]
497 1 d431892d497.htm COLUMBIA FUNDS SERIES TRUST I
Supplement dated June 28, 2023
to the Prospectus and Summary Prospectus of the following fund:
Fund Prospectus and Summary Prospectus Dated
Columbia Funds Series Trust I
Columbia Small Cap Growth Fund 1/1/2023
The Board of Trustees of Columbia Funds Series Trust I (the Trust) has approved the re-opening of Columbia Small Cap Growth Fund (the Fund), a series of the Trust, on or about July 31, 2023 (the Effective Date). In connection with this action, on the Effective Date, the first paragraph under the Purchase and Sale of Fund Shares section is hereby removed from the Fund's prospectus and summary prospectus.
Shareholders should retain this Supplement for future reference.

https://www.sec.gov/Archives/edgar/data/1014913/000110465923075579/tm2319682d1_497.htm
497 1 tm2319682d1_497.htm 497
Filed pursuant to Rule 497(e)
Registration No. 333-07305
1940 Act File No. 811-07685
FRONTIER FUNDS, INC.
Supplement to Prospectus Dated October 31, 2022
Frontier MFG Select Infrastructure Fund
Institutional Class Shares (FMSIX)
Service Class Shares (FMSSX)
The Board of Directors (the “Board”) of Frontier Funds, Inc. (the “Company”), based upon the recommendation of Frontegra Asset Management, Inc. (“Frontegra”), has determined to liquidate the Frontier MFG Select Infrastructure Fund (the “Fund”). Frontegra is the Fund’s investment adviser and MFG Asset Management is the Fund’s subadviser. After considering a variety of factors, the Board concluded that it would be advisable and in the best interest of the Fund and its shareholders that the Fund be closed and liquidated as a series of the Company, effective as of the close of business on the liquidation date, August 23, 2023.
The Board approved a Plan of Liquidation that determines the manner in which the Fund will be liquidated. Pursuant to the Plan of Liquidation and in anticipation of the Fund’s liquidation, the Fund will be closed to new purchases, additional investments and incoming exchanges, except for purchases made through an automatic investment program or the reinvestment of any distributions or a purchase exception that is approved by the officers of the Company, effective after market close on June 29, 2023. After the Fund is closed to new investments, shareholders will be permitted to exchange their shares of the Fund for shares of the other available Frontier Funds or to redeem their shares of the Fund, as provided in the Fund’s prospectus, until the liquidation date. No redemption fees will be imposed by the Fund in connection with redemptions or exchanges; however, please note that your financial intermediary may charge fees in connection with redemptions or exchanges.
Prior to the August 23, 2023, liquidation date, the Fund will no longer actively pursue its stated investment objective, and MFG Asset Management will begin to liquidate the Fund’s portfolio. The Fund’s portfolio managers will likely increase the Fund’s assets held in cash and cash equivalents in order to prepare for an orderly liquidation and to meet anticipated redemption requests. As a result, the Fund is expected to deviate from its stated investment objective, policies and strategies.
Pursuant to the Plan of Liquidation, any shareholder who has not exchanged or redeemed their shares of the Fund prior to the liquidation date of August 23, 2023, will have their shares redeemed in cash and will receive one or more payments representing the shareholder’s proportionate interest in the net assets of the Fund as of the liquidation date, after the Fund has paid or provided for all taxes, expenses and any other liabilities, subject to any required withholdings. The automatic redemption of Fund shares on the liquidation date will generally be treated the same as any other redemption of Fund shares for tax purposes, so that shareholders (other than tax-exempt accounts) will recognize gain or loss for income tax purposes on the redemption of their Fund shares in the liquidation. In addition, the Fund and its shareholders will bear transaction costs and tax consequences associated with the disposition of the Fund’s portfolio holdings prior to the liquidation date. The Fund expects to have declared and paid a distribution or distributions, which, together with all previous such distributions, will have the effect of distributing to the Fund’s shareholders all of the Fund’s investment company taxable income and net capital gain (after reductions for any available capital loss carryforward), if any, realized in the taxable periods ending on or prior to the liquidation date. The distribution or distributions will include any additional amounts necessary to avoid federal income or excise tax. Shareholders should consult their tax adviser for further information about federal, state and local tax consequences relative to their specific situation.
Important Information for Retirement Plan Investors
If you are a retirement plan investor, you should consult your tax adviser regarding the consequences of a redemption of Fund shares. If you hold your Fund shares through a tax-deferred retirement account, you should consult with your tax adviser or account custodian to determine how you may reinvest your redemption proceeds on a tax-deferred basis. If the redeemed shares are held in a qualified retirement account such as an individual retirement account (IRA) and you have made no election regarding tax withholding, the redemption proceeds may be subject to a 10% federal income tax withholding and any applicable state required withholding. If you will receive a distribution from an IRA or a Simplified Employee Pension (SEP) IRA that is terminating as a result of the liquidation of the Fund, you must either roll the proceeds into another IRA within 60 days of the date of the distribution in order to avoid having to include the distribution in your taxable income for the year, if applicable, or request that the distribution be made directly to another IRA or eligible retirement plan. Please note you can make only one tax-free rollover of a distribution you receive from an IRA to another (or the same) IRA in any 12-month period, regardless of the number of IRAs you own. If you receive a distribution from a 403(b)(7) custodial account (tax-sheltered account) or a Keogh account, you must roll the distribution into an eligible retirement plan within 60 days in order to avoid disqualification of the plan and inclusion of the distribution in your taxable income for the year. If you are the trustee of a qualified retirement plan or the custodian of a 403(b)(7) custodial account (tax-sheltered account) or a Keogh account, you may reinvest the proceeds in any way permitted by its governing instrument.
This supplement should be retained with your Prospectus for future reference.
The date of this Supplement to the Prospectus is June 28, 2023.

@sma3: I grew up 10 miles from New London. My father’s small company built wooden boats by hand using skilled craftsmen. After the Nautilus was launched around 1955, Electric Boat (now part of General Dynamics, I think) as a defense contractor could offer much higher wages than my father could pay and he lost many employees. Fiberglass boats and the employee drain eventually caused him to shut down the business in the late 60’s. His motor sailers, however, continue to provide great service to old-school yacht owners.
In the same part of the state, a practically non-existent tribe of Pequots opened a huge casino that became the biggest taxpayer to the State. Job creation for sure, but not in a line of business that sits well with my belief system.

@FD1000 I was referring in the first part of my comment to the remark "bpkis...spy much better over all periods" not written by you. I agree that PRWCX has been a better performer than LCORX and that is a fairer comparison than to SPY.

3 years ago: 30-yr mortgage rate was 3.13% & median existing home price
in the US was $284k.
Today: 30-yr mortgage rate is 6.67% & median home price is $396k. Result: $22k increase in down payment (assuming 20% down) and 109%
increase in monthly payment (from $973 to $2,037).

No wonder this impacts the affordability of the buyers. For sure the wage increases in the last 3 years don’t amount to 109% higher. If and when the recession arrives, the home sale situation would slow even more.

Good for you! Five days to completion is quite fast since everything is done online and you submit the other brokerage statement as a PDF. Vanguard requires the paper forms and it takes about 10 days on an average.

According to LCORX's Fact Sheet, its investment objective is: "Capital appreciation and income while maintaining prudence in terms of managing exposure to risk. Investment guidelines are 30%-70% equity exposure and 30%-70% fixed income." What is the value in comparing it to a 100% equity fund like SPY after the longest equity bull market in history just ended? PRWCX is a fairer comparison as is VBIAX, and PRWCX has been a terrific fund.

I compared LSLTX(99+% in stocks) to SP500 and LCORX(60+% stocks) to PRWCX.
Leuthold funds have high ER and small AUM.

@bee. I wonder what you're seeing that I'm not seeing? What is it that you wish you knew about sooner, as you say?

The 401(a) that I was offered was an after tax investment that I could make in addition to my 403(b). This 401(a) “voluntary account” applied a yearly return base on the fund’s previous 10 year rolling average. I liked the strategy… wished I had learned about it earlier.

https://www.sec.gov/Archives/edgar/data/1491978/000113743923000850/flexn14497062023.htm
497 1 flexn14497062023.htm
FLEXSHARES® TRUST
To the Shareholders of
FlexShares® International Quality Dividend Defensive Index Fund (IQDE)
FlexShares® Quality Dividend Dynamic Index Fund (QDYN)
(each, a “Target Fund” and together, the “Target Funds”)
SUPPLEMENT DATED JUNE 27, 2023 TO THE JOINT PROSPECTUS/INFORMATION STATEMENT DATED JUNE 9, 2023
Upon a recommendation of Northern Trust Investments, Inc. (“NTI”), the Board of Trustees of FlexShares® Trust, on behalf of the FlexShares® International Quality Dividend Defensive Index Fund (“IQDE”) and FlexShares® International Quality Dividend Index Fund (“IQDF”), and NTI have agreed to terminate the Agreement and Plan of Reorganization (“Plan”) for IQDE, which will result in the cancellation of the proposed reorganization of IQDE with and into IQDF. The reason for the cancellation of the proposed reorganization is that, following the reconstitution of the underlying indexes of IQDE and IQDF, there was no longer sufficient overlap in the two portfolios to support a tax-free reorganization.
Termination of the Plan for IQDE and cancellation of IQDE’s reorganization will have no impact on the reorganization of the FlexShares® Quality Dividend Dynamic Index Fund with and into the FlexShares® Quality Dividend Index Fund (the “QDYN Reorganization”). Accordingly, the QDYN Reorganization will proceed as described in the Joint Prospectus/Information Statement.
Please retain this Supplement for future reference.

My “Transfer-in-Kind” request went through Monday. Took around 10 days to complete. Previous transfers (D&C to Fido) were done after first liquidating the fund. Those executed faster - in 5-7 days. Today I logged in to direct Fido to “reinvest dividends & cap gains.” Interestingly, they’d already set it that way for me. (Must have carried over from D&C.) Looks like DODBX kicked out a quarterly dividend today. So I’ll get a definitive answer to my question by week’s end. Not expecting any problem. No plans to sell any of this fund. Suspect that could lead to charges if done too early.

Not a fan of Rekenthaler. With 401, 403, 457, it is just another employer option of a variety of mutual funds, some risky and some less risky. When I retired, I transferred all of my 401, 403, 457 holdings into a rollover IRA, so they would be consolidated. As far as "retirement income", you pick all kinds of options on the risk/reward continuum, depending on your portfolio objectives. For years, I chose multisector bond oefs, nontraditonal bond oefs, HY and FR/BL options, Municipal bond oefs, etc. for the monthly dividends they paid, to produce a very nice retirement income on a monthly basis. When the markets started crashing with higher interest rates, I chose to move to CDs, MMs, etc. I will likely go back to some combination of a variety of OEF bond funds and CDs/MMs in the future, but for now I don't feel compelled to latch on to any option unless it meets my low risk criteria for producing "retirement income".

Getting back to the forces at work driving inflation
1) Corporations have much better on time data and can raise prices quickly to protect and even increase profit margins
2) there are still something like 2 or 3 million "missing workers" who have not returned to work after Covid. Some maybe are still living on their stimulus checks, but the combination of aging demographics and demoralization of the blue collar worker are structural problems that have to be addressed.
I read today that the Navy cannot find enough workers to staff their four bases to construct new ships. This is certainly true in New London CT where the sub base is sponsoring high school students so they will stay for jobs. Of course non profits elsewhere in the state are demanding more money to support housing assistance and food kitchens. Why not subsidize housing in New London where there are jobs?

Examples
Period 01/1985-05/2023 (as far back as free PV goes)
Fund SWR PWR
VWINX 8.76% 5.53%
VWELX 9.77% 6.64%
ABALX 9.35% 6.29%
VFINX 10.93% 7.52%
So, in this period of about 37.5 years, the realized SWRs were much higher than Bengen's 4% rule. Equities did well and more equities, the better. PWRs weren't that much lower - remember that with PWRs, your or your heirs would also have the inflation-adjusted initial lump-sum on hand.
Period 01/2000-12/2009 (a tough decade)
Fund SWR PWR
VWINX 13.28% 4.14%
VWELX 12.31% 3.41%
ABALX 12.88% 2.98%
VFINX 7.42% 0.00
SWRs look high but remember that the initial balance is also exhausted in 10 years, and that alone at 0% return will be SWR of 10%. PWRs are low and more meaningful for this period. If some more aggressive funds are included, those may fail and would just show the PWR of 0.00% (as for VFINX/SP500).