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Age 56 save around 67% of Gross, will retire in 1.5 years at almost 58.

Can't you buy collision and liability insurance at other places rather than the rental agency, may be that way you can get a better deal.

I work abroad, and for the past two years I efiled using Turbotax and my estimated taxes were withdrawn from my US bank account.

15% of net worth is in a paid off home,
25% is in cash
60% is in stock and bonds in ratios 60% and 40% respectively,
Two more years before retiring.

Thanks Alan, your response is well appreciated, The traditional IRA contribution is tax deductable so I prefer to keep as is, in this case the only option I have is to withdraw my contribution of Roth IRA and pay taxes on gains, but I am not sure if the 6% penalty applies, since the contribution was...

I have contributed by mistake to my Roth IRA $6000 early 2012, in the same time I have contributed the same amount to a traditional IRA, My question is : Can I apply my Roth 2012 contribution to 2013, if yes, how would I do that. My account is with Etrade for the Roth IRA. I appreciate any help or a...

2007 FJ cruiser with 37000 miles, bought from Irish Expat,

2010 Toyota Prado 20,000 Kilometers, bought new,

We live currently overseas and both cars were great so far,

I am 55 years and should be 56 in couple of months,

I have a paid off house that is generating around 8% annualy of its current value in rents, it is run by property management company and it has been rented for the past three years. I purchased appliance insurance and I pay HOA, taxes and property insurance on line, the rest is taken care by Propert...

20% of my Portfolio is in bonds,

50% in Total Bond Market,
50% in Tips and I-Bonds

I will be paying off mine in two months, started with a 30 year loan, refinanced for lower interest rate and 15 years term, refinanced again for even lower interest rate and 10 year term.

I started late by age 41, I did not make much money prior to that and I was paying debt due to bad decisions. However I managed to save significantly after that, each year increased the percentage, which is currently at 65% of my income. Currently at 55, I managed to build up my networth significant...

Started Late at 41 years old, maximized my contribution to 401k and Roth Ira, now at 55 I also use catch up contribution. also invest in I-bonds and have two brokerage account for after tax saving with low six figure each. Plan on retiring in two more years.

I have moved overseas 4 years ago for work reasons, I expect to stay two more years, I have been renting my house with property management in charge. I also pitch in around $300/month to make up for the mortgage payment. It has been good experience so far, I would do it again if I go through similar...

I check on daily basis, happy when market goes up and ignore it when market goes down.

I started putting 200/month in my Son's 529 when he was 3 years old, then I realized that was not enough so I increased gradually to 500/month, currently my is son is 15 and he has around $57,000 in his 529 + $5500 in coverdale IRA+$8000 Series EE bonds, I will keep putting money for him all the way...

Johm221122 wrote:

ragabnh wrote:I have $300,000 in a saving account yielding 2.5% and heck yes I count that in AA,

Why?Because of good interest rate ?

Yes, it is 25% of my portfolio, I feel it is diversification besides Mutual Funds and Bonds. The money is also accessable easily in case I need to enter the market at some point.

I have $300,000 in a saving account yielding 2.5% and heck yes I count that in AA,

Congratulations for this big achievment, I am 56 years old and still have mortgage going, but I should be done within 4 month, I am sure at your age it should feel fantastic.

At age 83 and she wants to get into restaurant business, may be finally age caught up with her.

Family of 3, live overseas currently, spend $1200 on groceries and $1000 on dining and lunch, all what I can say we eat first class, probably could cut that easily by 1/2 as food prices are slightly less than the US.

Tax rate 25%.

1. First, you need a plan. Are you asking for suggestions to develop one? http://www.bogleheads.org/wiki/Investment_Policy_Statement Plan is 60% equities 40% bonds 2. Invest according to #1. That is where I need the advice, I don't have tax advantaged account besides Roth . 3. What are your goals (b...

Hello, :) Age 54, spouse does not work, son 14 years old. Planning on retiring at 62. Currently work overseas, no 401k is available, investing only in Roth and I-Bonds. Plan on working at same place for the next 3 years and then back to the US. Current Annual Savings $100,000. I have accumulated som...

90% 53 200,000

Try Johnston and Murphy, I find them very comfortable, certainly better than Rockports which I used to wear previously.

If you just want the cash safe, why don't you ladder a few 7 year cds at penfed credit union which is paying 3.49%. The penalty is 1 year of interest if broken early, but even with the penalty if you hold for three years, you still get a better interest rate safely than anywhere else. Actually I pr...

Laura, Can I buy ETF's that cover the same bond funds that you mentioned above, if yes can you give the name of these equivalent ETF's. Sometimes I cannot buy Vanguard Mutual funds with my brokere (as it is not available). Thanks for all your advice, I really appreciate your time and patience with me.

I bonds are limited to $5k electronic and $5k paper per person per year so this won't work well for your investing. TIPS are best held in tax advantaged accounts. The rent can pay off the mortgage but if you are planning to invest the money over time I am not sure why you don't just take the money ...

How about letting the rent funds pay off the mortgage? Consider averaging into the market over time rather than all at once. Mr. Bogle recomends your age in bonds as a good starting point. This is your most important decision. Yes, my plan is to let the rent pay off the mortgage, I will consider th...

You're probably getting the sense from the way this has drifted off topic that your 4% interest rate is pretty damned hard to beat here in the US. To get a rate approaching that you'll have to lock your money up for 7-10 years. Of course, you have some exchange-rate risk - if US interest rates ever...

Please tell me where I can get 4% on a (US $) savings account. I wouldn't need to invest anywhere else! The rate is for an overseas bank and is not applicable to the US, and it is in local currency around here. Can you open an account even if you were not a resident? I know you can in Western Europ...

Please tell me where I can get 4% on a (US $) savings account. I wouldn't need to invest anywhere else! The rate is for an overseas bank and is not applicable to the US, and it is in local currency around here. Can you open an account even if you were not a resident? I know you can in Western Europ...

Please tell me where I can get 4% on a (US $) savings account. I wouldn't need to invest anywhere else! The rate is for an overseas bank and is not applicable to the US, and it is in local currency around here. Can you open an account even if you were not a resident? I know you can in Western Europ...

Please tell me where I can get 4% on a (US $) savings account. I wouldn't need to invest anywhere else! The rate is for an overseas bank and is not applicable to the US, and it is in local currency around here. Can you open an account even if you were not a resident? I know you can in Western Europ...

dmcmahon wrote:Please tell me where I can get 4% on a (US $) savings account. I wouldn't need to invest anywhere else!

The rate is for an overseas bank and is not applicable to the US, and it is in local currency around here.

"Saving account earning 4%" Thats a pretty good deal. Are you sure this is a saving account? Anyhting earning more than 2% currently has to be lot more risky than saving account. Faltuk1, Correct it is a saving account earning 4% compounded quarterly, it is in the local currency around he...

Just a quick check on your Roth contributions. If you're claiming the foreign earned income exclusion on your taxes you may not be able to contribute to a Roth. If, however, you're taking the foreign tax credit instead then there should be no problem. Cheers, Sam Thanks Sam I claimed the foreign ea...

Thanks Laura, I owe on the house less than $30,000 and the interest rate is 5%, I claim standard deduction, the house is worth around $250,000. The rent covers the mortgage payment anyway. When you say tax efficient, do you mean ETF's ? I am reluctant to jump into the market at this time, as I have ...

I have been working overseas for the past 2 years and saved in the process around $225,000, currently sitting in Saving account earning 4% interest rate. I have a 401K with around $260,000 and roth Ira with around $45,000 with additional $125,000 in brokerage accounts. My current protofolio is 50% s...

Here is my list, 1976 Mazda 929 (Overseas) 1981 Nissan 180SX (Overseas) 1977 MB 280S (Overseas German Specs) 1984 Honda CRX 1976 VW Micro bus camper 1977 Toyota Corola 1983 Toyota Supra 1980 Chevy Cavalier 1986 Toyota P/U 1976 Toyota Celica 1987 BMW 535i 1986 Nissan Maxima 1994 toyota P/U 1996 Toyot...

Thanks for the input, you are great bunch of guys here. I will talk to him about balanced funds and other funds suggested and I will let him pick for himself so he can watch and learn.

Appreciate all the input.

Your son reminds me of a quote attributed to Cicero: "Not to have a mania for buying is to possess a revenue." Your son will do well in life. Hopefully so, but I think he is sometimes stingy, I mean he refuses to spend any of it even when he thinks that a video game or a toy is cool. I th...

I would think that investing it in a way that has a decent chance of making money, with also a decent chance of some stability might be a good idea. Too easy to get discouraged if you put it in something that tanks in the near term. Also, if he wants it for something in the semi-near term, a car, c...

All the money came from gifts from relatives and grandparents. Now he does not like to spend money and keeps adding to it. I have asked him about what his plans are for the money, he has no idea but he enjoys accumlating it. I would think investing it would be a learning and rewarding experience fo...

All the money came from gifts from relatives and grandparents. Now he does not like to spend money and keeps adding to it. I have asked him about what his plans are for the money, he has no idea but he enjoys accumlating it. I would think investing it would be a learning and rewarding experience for...

My 12 year old boy has saved $4,200, I want to invest the money for him in the market, I would think he will need it down the road for a house down payment or just plain savings. I have a 529 plan where I deposit $500 per month for him, now worth around $35,000. I would appreciate any input on where...

Thank you PiperWarrior for your valuable input I really appreciate it.

I need to sit down and do my homework. I will come back for any questions I might have.

It's tough to follow Piper once he posts with suggestions. My only observation would be that at 51yo, an 80/20 Split is quite aggressive. Make sure that you can stomach a 40% drop in your portfolio at any time..... that nice $1M becomes $600K. :shock: Regards, Landy[/quote] I guess I have to be aggr...

Thnks PiperWarrior, The speed of analysis of my portfolio and the response including the recommendations is nothing short of astonishing. I have some more questions if you don't mind helping me. My taxable brokerage account including, ROTH and saving account is with E*trade, do you recommend opening...