Search found 4211 matches

by am
Sun Aug 20, 2023 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Still worth saving and staying at the same job?
Replies: 34
Views: 3594

Re: Still worth saving and staying at the same job?

I would not consider retiring short of age 50 with less than 35x saved. Among my concerns would be (1) relying on partner's uncertain business income, (2) health care, (3) kids not done with college and potentially grad school, (4) desire to spend more in retirement with more free time on my hands. Once you quit at a somewhat advanced professional age, it can be difficult or impossible to replace a high income job. I want to be very confident before I walk out the door. What? If they calculated expenses correctly, the "25X" includes all that. I have to admit that 25x may not be accurate as I still have several kids pre college with all the associated expenses. I assume that my expenses will be lower once they are off the payroll....
by am
Sun Aug 20, 2023 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Still worth saving and staying at the same job?
Replies: 34
Views: 3594

Re: Still worth saving and staying at the same job?

In your 50s with 25x saved, you're not really in a position to FIRE, but have the luxury of shopping around for a new job that interests you and is rewarding. You don't need to "save" anymore, but need enough current income to sustain yourself and not draw on your portfolio for another 10 years or so. Take your time and make sure it's not a "grass is greener" type of move. Alternatively, you could tough it out for another 5 years or so at your current saving rate and just be "done" at 55. Exactly what I’m thinking. Is switching Jobs a “grass is greener move”? Should I tough it out for 5 more years full time until 55 and potentially be done? Should I do something easier and part time now and potentially be happ...
by am
Sun Aug 20, 2023 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Still worth saving and staying at the same job?
Replies: 34
Views: 3594

Still worth saving and staying at the same job?

It seems to me that my retirement contributions no longer matter. The market volatility over the past month has reduced my portfolio by about 3/4ths yearly contributions. My portfolio is about 25x anticipated annual retirement expenses at this time. Yearly contributions are about 1-2x annual spending. Seems to me that a conservative rate of growth and no contributions will get me to an even higher number throughout my 50s if I don’t touch the portfolio for any expenses. I am approaching 50s, high income in a health care job that is corporate and causes stresses of all kinds. I am sticking around mostly for the money and fear of the unknown as I have spent most of my career at this job. My partners business covers most of our expenses but is...
by am
Tue Aug 15, 2023 8:14 am
Forum: Investing - Theory, News & General
Topic: Riding HEDGEFUNDIE’s excellent adventure
Replies: 367
Views: 98191

Re: Riding HEDGEFUNDIE’s excellent adventure

With rates continuing to rise, have most been rebalancing to 55 upro/45 tmf, letting it ride without rebalancing or simply quit and taken losses? I remember a rising rate environment being mentioned as a killer for this plan.

Wondering what to do? I am up on upro and down thousands on tmf, overall down 18k.
by am
Mon Aug 14, 2023 1:21 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 14343
Views: 1970795

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

OohLaLa wrote: Mon Aug 14, 2023 1:20 pm
am wrote: Mon Aug 14, 2023 10:05 am I am now 65% upro and 35% tmf.

I don’t have the guts to rebalance, I am down about 18k total since starting.

What are others doing? Abandoning ship, rebalancing, staying put?
Rebalancing every quarter, while continuously contributing. In taxable account, trying to rebalance with contributions, as much as possible, in order to avoid taxable events.

Allocation for 2023: 35% TQQQ, 25% UPRO, 15% TMF, 15% TYD, 10% VXZ

Has served me well. Will see how it goes, but next year I will probably even out TQQQ and UPRO.
Aren’t you worried that rates will keep climbing or stay high and tmf will fall much more?
by am
Mon Aug 14, 2023 10:05 am
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure Part II: The next journey
Replies: 14343
Views: 1970795

Re: HEDGEFUNDIE's excellent adventure Part II: The next journey

I am now 65% upro and 35% tmf.

I don’t have the guts to rebalance, I am down about 18k total since starting.

What are others doing? Abandoning ship, rebalancing, staying put?
by am
Sat Aug 12, 2023 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Premium for 2 million umbrella policy
Replies: 128
Views: 19871

Re: Premium for 2 million umbrella policy

snackdog wrote: Sat Aug 12, 2023 10:47 am
camden wrote: Mon Jul 31, 2023 6:36 pm I have a 5 million umbrella. 2 older adults, no kids, 2 cars, no boats, no unusual risk factors other than being a deep pocket target.

Premium was 1,850.

Does the premium go up disproportionately as the coverage amount increases, or am I getting taken and need to shop around?
That is quite high. The first million should cost the most. Chances of a claim exceeding that figure are extremely low. More than $2 million should be almost free. Claims that like knot happen with governments or corporations.
Geico wont let me get more than 2 mil with 2 teen drivers
by am
Sat Aug 12, 2023 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Premium for 2 million umbrella policy
Replies: 128
Views: 19871

Re: Premium for 2 million umbrella policy

2 mil with 2 kid drivers under 20, no other risks 2k from geico :shock:

Anyone know if I can do better somewhere else?
by am
Sat Aug 12, 2023 7:15 am
Forum: Personal Finance (Not Investing)
Topic: WSJ Series on "Here's what a $X million retirement in the US looks like"
Replies: 113
Views: 15070

Re: WSJ Series on "Here's what a $X million retirement in the US looks like"

exodusing wrote: Fri Aug 11, 2023 12:39 pm Echoing earlier posts, odd that the article says $5 million is top 0.1% of families saving for retirement when multiple sources say approximately $11 million is the threshold for top 1% of net worth.
I would guess we are talking 5 mil in retirement assets or liquid funds in retirement or taxable accounts.

11 million net worth probably included many non liquid assets like businesses.
by am
Sat Jul 22, 2023 7:23 am
Forum: Personal Investments
Topic: Afraid to Retire - Should I be…
Replies: 165
Views: 26208

Re: Afraid to Retire - Should I be…

Ralphe22: I retired in 1982 at the age of 58. We had about one million dollars in savings (not +five million). With the exception of marrying Miami's Orange Bowl Theme Girl , retiring early was the best decision I ever made. Best wishes. Taylor Jack Bogle's Words of Wisdom: "The (Bogleheads') forum is a treasure trove of information, as its contributors and visitors alike help one another, with no axe to grind, on all matter of topics that essentially cover the entire field of investing." 1 mil 1982 is about 3 million today. Did you have any other sources of income? Was your house paid off? What did you do for health care before Medicare? I think the bull run of the 1980s-1990s certainly helped you. 4% doesnt come from data from ...
by am
Fri Jul 21, 2023 11:05 am
Forum: Personal Investments
Topic: Afraid to Retire - Should I be…
Replies: 165
Views: 26208

Re: Afraid to Retire - Should I be…

Taylor Larimore wrote: Fri Jul 21, 2023 11:01 am Ralphe22:

I retired in 1982 at the age of 58. We had about one million dollars in savings (not +five million). With the exception of marrying Miami's Orange Bowl Theme Girl, retiring early was the best decision I ever made.

Best wishes.
Taylor
Jack Bogle's Words of Wisdom: "The (Bogleheads') forum is a treasure trove of information, as its contributors and visitors alike help one another, with no axe to grind, on all matter of topics that essentially cover the entire field of investing."

1 mil 1982 is about 3 million today. Did you have any other sources of income? Was your house paid off? What did you do for health care before Medicare? I think the bull run of the 1980s-1990s certainly helped you.
by am
Fri Jul 21, 2023 10:08 am
Forum: Personal Investments
Topic: Afraid to Retire - Should I be…
Replies: 165
Views: 26208

Re: Afraid to Retire - Should I be…

I would also add that most of us here have spending flexibility. NO ONE will spend their portfolio down to zero or even close before adjustments are made.
by am
Fri Jul 21, 2023 10:07 am
Forum: Personal Investments
Topic: Afraid to Retire - Should I be…
Replies: 165
Views: 26208

Re: Afraid to Retire - Should I be…

I have to admit that the thought of giving up a stable high earning career to go into the unknown is scary even if the career causes pain.
by am
Thu Jul 20, 2023 7:13 am
Forum: Personal Investments
Topic: Afraid to Retire - Should I be…
Replies: 165
Views: 26208

Re: Afraid to Retire - Should I be…

Sometimes I wonder if these posts are serious or even real at all. Grown kids, over $ 5 million invested, $1.1 million house with no mortage. Pensions/ SS and yet OP is concerned about leaving a job they dont thrive? And in responses, we have people telling OP to stick it out another TEN YEARS. If OP doesnt have FU money/ assests at this time then who does? This is characteristic of this site. One poster advocates for a 4% retirement portfolio withdrawal rate. The next insists on 3%. By the end of the thread the last poster advocates for a 0.01% withdrawal rate in order to be able to sleep at night. It’s nonsense. It’s risk aversion to a pathologic level. It’s having no idea of what the various risks of living are, like death. For most on ...
by am
Wed Jul 19, 2023 8:15 am
Forum: Personal Investments
Topic: How are our finances doing in retirement ?
Replies: 33
Views: 4399

Re: How are our finances doing in retirement ?

It sounds like you should enjoy retirement and forget about finances.

It’s too bad you can’t buy more years with all the extra money your heirs will get.
by am
Wed Jun 28, 2023 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Review of book "Die with Zero"
Replies: 179
Views: 24128

Re: Review of book "Die with Zero"

Sounds interesting. I'll have to check out my local used book store and see if they have it. I fully intend to bounce the last check, as they say. However much money I have left is just an indicator of how much I worked too long by. Coincidentally to OP's comment, $600,000 is the amount I'm hoping to retire with. Or library. Or audiobook from the library! That's his point exactly. For someone who makes say 50K a year and dies with 200K... That's four years he literally worked for free. He woke up early. Sat in traffic. Didn't have lunch with his wife. Maybe missed some dinners with his kids. Got chewed out by a boss or client and had to suck it up... for four years. For zero pay. Unless he LOVED his work enough to work for free... he shoul...
by am
Wed Jun 28, 2023 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Review of book "Die with Zero"
Replies: 179
Views: 24128

Re: Review of book "Die with Zero"

Sounds interesting. I'll have to check out my local used book store and see if they have it. I fully intend to bounce the last check, as they say. However much money I have left is just an indicator of how much I worked too long by. Coincidentally to OP's comment, $600,000 is the amount I'm hoping to retire with. Or library. Or audiobook from the library! That's his point exactly. For someone who makes say 50K a year and dies with 200K... That's four years he literally worked for free. He woke up early. Sat in traffic. Didn't have lunch with his wife. Maybe missed some dinners with his kids. Got chewed out by a boss or client and had to suck it up... for four years. For zero pay. Unless he LOVED his work enough to work for free... he shoul...
by am
Wed Jun 14, 2023 7:07 am
Forum: Personal Investments
Topic: Tender offer question
Replies: 3
Views: 562

Re: Tender offer question

jebmke wrote: Wed Jun 14, 2023 6:20 am Usually I take the opportunity tossed the stock by donating it to my Donor advised fund when this happens. I do it before the deal closes so I don’t have to recognize a gain on my tax return plus I get a tax deduction.
Does it matter if you sell in the market or take the deal?
by am
Wed Jun 14, 2023 5:27 am
Forum: Personal Investments
Topic: Tender offer question
Replies: 3
Views: 562

Tender offer question

One of the equities I hold in my portfolio was bought by a Swedish company. I received a tender offer and do not know much about this as I am mostly a 3 fund index investor (see below). Should I call Fidelity and accept this offer? I could also sell it at the market price which is usually nearly identical. CTI Biopharma Corp announced an offer by Swedish Orphan Biovitrum AB to purchase for cash any and all of the outstanding shares of the company. The purchase price will be $9.10 per share. The offer is conditioned on the offeror receiving at least 1 more share than 50% of all outstanding shares. CTI's Board of Directors recommend holders accept the offer.
by am
Sat May 27, 2023 7:59 am
Forum: Investing - Theory, News & General
Topic: "Win rates" for U.S. vs. non-U.S stock markets
Replies: 20
Views: 1559

Re: "Win rates" for U.S. vs. non-U.S stock markets

No one said that starting on Tuesday or some other point in the future, international begins a 20 year outperformance stretch.

I have seen this performance chasing or relying on past data too heavily to influence investment decisions on here too many times.
by am
Wed May 10, 2023 7:47 am
Forum: Personal Finance (Not Investing)
Topic: White Coat Investor - It's a lifestyle not a vacation
Replies: 45
Views: 11014

Re: White Coat Investor - It's a lifestyle not a vacation

I work as a surgeon in private practice. I love it. Every day I get an extraordinary amount of satisfaction that is very difficult to reproduce anywhere else. When I take vacation, I enjoy it, but I also acknowledge that the pleasure involved in helping others is much deeper and meaningful and consequential, as compared to say, going skiing or going to a museum or going to a show. When I take vacation, at least a little of me is sad that it is more a taking pleasure rather than a giving pleasure, and no matter how great the taking pleasure is it cannot compare to the pleasure one gets from giving. I acknowledge that there are not a lot of physicians who feel this way. I imagine very few employee physicians feel this way. If at best work is...
by am
Fri Apr 21, 2023 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Thinking About Law School
Replies: 62
Views: 6387

Re: Thinking About Law School

What is is about law that so many hate?
by am
Mon Apr 10, 2023 8:48 am
Forum: Personal Investments
Topic: Retirement strategy due to AI threat
Replies: 126
Views: 12124

Re: Retirement strategy due to AI threat

My career over the last 15 years has been fairly lucrative. However, it is often mentioned as allow hanging fruit for AI. Nonetheless, I am currently making between $400-500k per year with a good lifestyle. I have a taxable portfolio approx $4.4M in index products with slight tilt to Tech. IRAs/401k/529 money approx - $2.2M. I will probably inherit several million dollars also as my Dad has been into stocks for 50 years. If AI does indeed take away my career in 10 years, I should be able to sell our the taxable account at $6M then sell, pay taxes and put all the money in JEPI and make $500k income for the rest of my life. Leave the other account in index products and deal with them later. Yes, I feel fortunate but I have had some other ver...
by am
Mon Apr 10, 2023 7:42 am
Forum: Personal Investments
Topic: Retirement strategy due to AI threat
Replies: 126
Views: 12124

Re: Retirement strategy due to AI threat

My career over the last 15 years has been fairly lucrative. However, it is often mentioned as allow hanging fruit for AI. Nonetheless, I am currently making between $400-500k per year with a good lifestyle. I have a taxable portfolio approx $4.4M in index products with slight tilt to Tech. IRAs/401k/529 money approx - $2.2M. I will probably inherit several million dollars also as my Dad has been into stocks for 50 years. If AI does indeed take away my career in 10 years, I should be able to sell our the taxable account at $6M then sell, pay taxes and put all the money in JEPI and make $500k income for the rest of my life. Leave the other account in index products and deal with them later. Yes, I feel fortunate but I have had some other ver...
by am
Sat Apr 08, 2023 1:48 pm
Forum: Personal Investments
Topic: 1 mil portfolio can withdraw 3% perpetually/safely?
Replies: 59
Views: 7932

Re: 1 mil portfolio can withdraw 3% perpetually/safely?

We can argue and debate but never get an answer because future returns are unknowable.

We do know that 3-4% worked almost all the time. Add in a pinch of flexibility and social security and your good to go.
by am
Sat Apr 08, 2023 11:35 am
Forum: Personal Investments
Topic: 1 mil portfolio can withdraw 3% perpetually/safely?
Replies: 59
Views: 7932

Re: 1 mil portfolio can withdraw 3% perpetually/safely?

The sub 4% swr crowd thinks 2 or 3% will be the ticket. But there are so many circumstances where 0% might not work. Ask the Russians whose savings became worthless with the collapse of the ruble and Soviet Union in the 90s

There is risk in everything and it can not be eliminated. Just gotta be reasonable and go forward and hope things works out
by am
Sat Apr 08, 2023 8:10 am
Forum: Personal Investments
Topic: 1 mil portfolio can withdraw 3% perpetually/safely?
Replies: 59
Views: 7932

Re: 1 mil portfolio can withdraw 3% perpetually/safely?

4% + inflation adjustment would work most of the time and make you wealthy in the cemetery. Adjust to 3% + inflation adjustment if things aren’t going well.
by am
Sun Apr 02, 2023 8:02 am
Forum: Personal Investments
Topic: The Question of Muni Bonds in Taxable
Replies: 23
Views: 2777

Re: High Quality Muni Fund or ETF

Call_Me_Op wrote: Sun Apr 02, 2023 7:26 am The only high-quality (dominated by AAA issues) muni fund of which I am aware is BMBIX - but its expense ratio is high (ER=0.3), in my view. Is anyone aware of other options for high-quality muni exposure that have lower cost? I know that the Vangaurd funds are reasonable, but I am thinking of something a step up in quality.
What is your concern with the quality of vanguards muni funds? Seems to me like this is a non issue in a fund with thousands of bonds.
by am
Sun Mar 12, 2023 8:39 am
Forum: Personal Investments
Topic: Having higher bond %- buying low?
Replies: 8
Views: 955

Having higher bond %- buying low?

I am approaching 50s and want to go part time soon or potentially retire in next 5-7 years. I want to reduce the risk of my portfolio which is currently about 80% stocks. I am thinking now may be a good time because yields for bond funds like BND are higher than in recent years. On the other hand, stocks are down so I would be locking in some stock losses in 401k. Is buying more bonds now like buying low? Yes, I know it’s possible bond yields may be at 8% or worse in 1 yr.
by am
Mon Feb 27, 2023 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: The job was okay. The money was nice. But you retired anyway. How did it go?
Replies: 173
Views: 24806

Re: The job was okay. The money was nice. But you retired anyway. How did it go?

The freedom of time is glorious. This made me think about something. It's very common, as we know, for an older person to complain that the years seem to fly by. Part of it, you might think, is that the more years you have, a single year comprises a smaller and smaller percentage. But that's not it. Psychological studies have shown that routine makes time go faster, and unique/memorable events make it go slower. Year after year of going off to work at the same time every day, maybe even commuting to work in the same way, and doing a similar job... that's as routine as it gets. What I am hoping is that once I pull the plug and my days aren't so structured, time might slow down a bit. I don't know for certain... but I do like the idea of get...
by am
Sun Feb 26, 2023 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: The job was okay. The money was nice. But you retired anyway. How did it go?
Replies: 173
Views: 24806

Re: The job was okay. The money was nice. But you retired anyway. How did it go?

If I was in my 60s and could afford to retire, I would just retire unless my job was really what I wanted to do with my few remaining good years. Even in the mid-to-late 50s, the balance really shifts toward retirement in my view. In my 60s, I wouldn't hesitate much at all unless I really loved my job. I hear you, and in my earlier years, I would have said the same thing. (I'm assuming you're younger than me.) But I've found that as I've entered my 60s and am pushing toward mid 60s, I'm not finding the water so bad, health wise. I hear you, though, regarding the "few remaining good years." And I think you're probably right. One thing that's hard if you're in decent health in your mid 60s is understanding that your remaining "...
by am
Sun Feb 26, 2023 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: The job was okay. The money was nice. But you retired anyway. How did it go?
Replies: 173
Views: 24806

Re: The job was okay. The money was nice. But you retired anyway. How did it go?

“Unless my job is so fulfilling that I'd do it for nothing, then I'm just working for a paycheck - and I no longer need the paycheck.”


This. Sums up how to think about work.
by am
Sun Feb 26, 2023 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: The job was okay. The money was nice. But you retired anyway. How did it go?
Replies: 173
Views: 24806

Re: The job was okay. The money was nice. But you retired anyway. How did it go?

Regardless of how great your job is, you are getting paid to consume your human capital to solve other people's problems. That gets old and I found being at the top of my game consumed an increasing amount of my total energy as i got older. It was taking me almost all of the weekend to recover versus doing fun things. Most of us face this sad story. The thesis advisor of my spouse passed while working. His advisor was a giant in the field and he also passed while working. Unless you are at the top of the game, you are paid to consume your life for somebody else. Unless you win, you are a loser. Jobs pay you for your precious limited time. I guess what you’re saying is that regardless of how much you like your job, it still is an exchange o...
by am
Sun Feb 26, 2023 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: At FI in midlife- recommendations for the last part
Replies: 2
Views: 651

At FI in midlife- recommendations for the last part

Curious if others have felt similar and if they have any recommendations for continuing to stay motivated. I am late 40s been on BH forum since 2007 which has been life changing. We think we are financially independent based on our portfolio value and my wife’s business income alone. House paid off, no debt, college accounts funded to state college. My income is higher but I am not liking my work at this point and thinking of what to do next. It seems like I am just holding on right now until portfolio gets to mid 7 figures (arbitrary number) as that seems like a safe number for the next 40+ yrs (hopefully). I have noticed that my desire to work is reaching all time lows. Not sure if this is what happens as people approach 50 or is specific...
by am
Tue Feb 21, 2023 7:40 am
Forum: Investing - Theory, News & General
Topic: WSJ Reporter doing story on retired folks w/$500k savings
Replies: 39
Views: 11842

Re: WSJ Reporter doing story on retired folks w/$500k savings

Are you going to find anyone here who retired on 500k? The overwhelming chorus here would be that someone with 500k should keep working, has no chance, etc. Yet somehow most people retire on that or less?
by am
Sat Feb 18, 2023 11:22 am
Forum: Personal Investments
Topic: FIRE by 50?
Replies: 34
Views: 8591

Re: FIRE by 50?

You're doing phenomenally. If you really only want $3 million net worth to retire, you'll probably find yourself surprised that you should easily have $3 million in invested assets by the time you hit 45. I would say you can cut back on 529 contributions as those balances should grow to over $300k over the next 10-13 years without even touching it. Even with around $200k in annual income, you don't need to do much more to coast towards $3 million by age 50. FWIW, I'm a year younger than you and thought we were doing fantastic with a $1.9M net worth and around $300k in annual income. Only on boglehead will someone say “if you really only want 3 million net worth to retire” :D Meanwhile 95%+ of the population is wondering if social security ...
by am
Sat Feb 04, 2023 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Questions for Physicians: your thoughts on time vs compensation
Replies: 39
Views: 4637

Re: Questions for Physicians: your thoughts on time vs compensation

It’s a no brainer for me to work less and make less which is more than enough. A longer career is much better than burnout early on.

Plus if the physician follows boglehead principles, money will not be much of an issue mid to late career no matter what.
by am
Thu Jan 26, 2023 9:03 am
Forum: Personal Investments
Topic: Fidelity Tax Exempt MM Funds
Replies: 3
Views: 496

Re: Fidelity Tax Exempt MM Funds

Muni market funds cycle rates all the time. I have to remind myself this when I see a rate which is too good to be true. It does not last for long enough to make it worthwhile even at a high bracket.
by am
Mon Jan 23, 2023 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 5973
Views: 1008276

Re: Fidelity as a one stop shop

DeliberateDonkey wrote: Mon Jan 23, 2023 5:43 pm
am wrote: Mon Jan 23, 2023 6:37 am If market is closed like say after 9/11, can we still get money out if it’s in the money market say with checks, atm, and transfers to checking?

Also, does anyone know how the restrictions work on the prime fund sprxx during times of severe market stress?
Per the prospectus:
The fund may impose a fee upon the sale of fund shares or may temporarily suspend the ability to sell shares if the fund's liquidity falls below required minimums because of market conditions or other factors.
Thanks. That’s a no go for me. I am using the treasury only money market at fidelity which I do not believe has that restriction.
by am
Mon Jan 23, 2023 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 5973
Views: 1008276

Re: Fidelity as a one stop shop

If market is closed like say after 9/11, can we still get money out if it’s in the money market say with checks, atm, and transfers to checking?

Also, does anyone know how the restrictions work on the prime fund sprxx during times of severe market stress?
by am
Sun Jan 22, 2023 11:34 am
Forum: Personal Investments
Topic: Fidelity treasury or govt money market recommendation
Replies: 5
Views: 878

Re: Fidelity treasury or govt money market recommendation

anon_investor wrote: Sun Jan 22, 2023 11:04 am
am wrote: Sun Jan 22, 2023 7:25 am How about adding in some short term treasury bond fund fund fumbx or sgov 0-3 month treasury etf ?

How quick can you get money into checking account from this?
For Fidelity money market funds you can get the money out same day. I have done this multiple times.

I have not tried to pull money out from bond MFs or ETFs, so not sure if the actual timing.
I’m thinking that for bond funds has to be at least next day since the order has to go through at market close.

Etfs longer since funds have to settle.

Someone correct me if I’m wrong
by am
Sun Jan 22, 2023 10:08 am
Forum: Personal Investments
Topic: VUSXX as an Alternative to Bank Savings Account
Replies: 95
Views: 23217

Re: VUSXX as an Alternative to Bank Savings Account

$TFLO is a good alternative if you don’t have access to the vanguard funds, or, want to be able to liquidate intraday. It's an ETF, so if you want to have access to the cash (for spending), don't you have to wait 2 days for settlement? Brokerages will make stock/etf funds available immediately despite t+2 settlement. But that’s to use for other trades not withdrawals into checking? If you use Fidelity, and you go to the Balances page on their website, you will see: Available to Trade — Cash Available to Trade — Settled Cash — Committed to Open Orders Available to Withdraw Right, but when you sell an etf, how long does it take that money to be available to withdraw into checking? Thinking until it settles, 2+ days Money market same day at f...
by am
Sun Jan 22, 2023 7:25 am
Forum: Personal Investments
Topic: Fidelity treasury or govt money market recommendation
Replies: 5
Views: 878

Re: Fidelity treasury or govt money market recommendation

How about adding in some short term treasury bond fund fund fumbx or sgov 0-3 month treasury etf ?

How quick can you get money into checking account from this?
by am
Sun Jan 22, 2023 7:08 am
Forum: Personal Investments
Topic: Fidelity treasury or govt money market recommendation
Replies: 5
Views: 878

Fidelity treasury or govt money market recommendation

I prefer to use fidelity for my short term cash reserves. I am looking for a money market that invests in treasuries preferably (not sure what repurchase agreements are in some of their funds). I would also like to avoid restrictions on my money in high stress markets. Not paying state taxes on interest. Obviously would like yield to be the highest. Thanks.
by am
Sat Jan 21, 2023 5:01 pm
Forum: Personal Investments
Topic: VUSXX as an Alternative to Bank Savings Account
Replies: 95
Views: 23217

Re: VUSXX as an Alternative to Bank Savings Account

nyclon wrote: Sat Jan 21, 2023 3:53 pm
increment wrote: Sat Jan 21, 2023 11:51 am
nyclon wrote: Sat Jan 21, 2023 11:24 am $TFLO is a good alternative if you don’t have access to the vanguard funds, or, want to be able to liquidate intraday.
It's an ETF, so if you want to have access to the cash (for spending), don't you have to wait 2 days for settlement?
Brokerages will make stock/etf funds available immediately despite t+2 settlement.
But that’s to use for other trades not withdrawals into checking?
by am
Sat Jan 21, 2023 12:54 pm
Forum: Personal Investments
Topic: VUSXX as an Alternative to Bank Savings Account
Replies: 95
Views: 23217

Re: VUSXX as an Alternative to Bank Savings Account

evelynmanley wrote: Sat Jan 21, 2023 12:48 pm I just asked the same question recently to a Vanguard rep when I transferred money from Bank of America and also Ally Bank to VUSXX. He said if we request the funds on a weekday before 4pm EST, the transfer will take two days. If we request the funds on a weekend (without a holiday on Monday), the funds would be transferred to the bank account by Wednesday, because Monday would be considered the first actual day of transfer. That's why I still keep funds in Ally Bank and also in my BoFA savings account, linked to my checking account, for true emergencies. Ally's transfer timing is one day.
That’s why getting a bit less yield at fidelity may be worth it because you can get your money same day into checking.
by am
Sat Jan 21, 2023 12:30 pm
Forum: Personal Investments
Topic: VUSXX as an Alternative to Bank Savings Account
Replies: 95
Views: 23217

Re: VUSXX as an Alternative to Bank Savings Account

I can get my money from Fidelitys money market the same day by transferring in the morning.

How about vanguards?

How about buying vanguard mm at chase you invest?
by am
Sat Jan 21, 2023 10:29 am
Forum: Personal Investments
Topic: VUSXX as an Alternative to Bank Savings Account
Replies: 95
Views: 23217

Re: VUSXX as an Alternative to Bank Savings Account

Hello, considering moving a good deal of our bank savings account into VUSXX in a Vanguard taxable account. If a need arises for the money, how quickly can money be transferred back to our bank account generally? Also, curious if you are also using VUSXX for holding savings/emergency fund, or what fund(s) you might find superior? Should also mention we have a good deal of longer term emergency fund in iBonds already. Thanks! If you have the Vanguard account electronically linked to your bank account, then the transfer of funds from Vanguard to the bank will probably settle in 1 or 2 days if you do the transaction during the week. Weekends take longer. VUSXX is a great choice if you live in a high tax state, since it holds US Treasury produ...
by am
Sat Jan 21, 2023 9:50 am
Forum: Personal Investments
Topic: VMSXX seems to be beating all taxable equivalent MMFs
Replies: 65
Views: 12128

Re: VMSXX seems to be beating all taxable equivalent MMFs

I am at fidelity and the yield on their muni fund has dropped off a cliff as well. Thinking of switching to the taxable fund which Sprxx which is still above 4%. Any downsides?
by am
Wed Jan 18, 2023 8:47 am
Forum: Personal Finance (Not Investing)
Topic: At What Multiple of X Would You Be Comfortable to Semi-Retire?
Replies: 127
Views: 16119

Re: At What Multiple of X Would You Be Comfortable to Semi-Retire?

This came across my feed, surprise surprise. Some nuggets in here: https://www.personalcapital.com/blog/retirement-planning/10-lessons-after-retiring-early-10-years-ago/amp/ Snippet: Your Time Will Go By Quicker Than You Think The first year of a 90-year lifespan equals 1 / 90. The forty-sixth year of a 90-year lifespan equals 1 / 45. In other words, time really does accelerate the older you get. Each year you live becomes more valuable because you have less time. As a result, consider saving and investing aggressively while you can. Work hard while you still have the energy. This way, by the time you’re fed up with work, you will have more options to do what you want. The “sacrifices” you make today are no sacrifices at all if they buy yo...