Search found 1076 matches

by Admiral
Wed Mar 28, 2018 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Healthy eaters -- is this grocery budget normal to you?
Replies: 247
Views: 12598

Re: Healthy eaters -- is this grocery budget normal to you?

Hi, My wife and I spend ~$1,200 or so each month for groceries, and there's only two of us. It's the only large item on our budget except for rent. Our predicament is we desire to eat extremely healthy (organic, non-GMO, top of the line sourced food) but see nowhere to cut our bill. We shop exclusi...
by Admiral
Wed Mar 28, 2018 6:57 am
Forum: Personal Finance (Not Investing)
Topic: When to Take Social Security (again...)
Replies: 62
Views: 5116

Re: When to Take Social Security (again...)

What's perhaps lost here is this: For households between 50 and 55, the median retirement account balance is just $8,000. For those between 56 and 61, it's $17,000 -- not much better. Source: https://www.fool.com/retirement/2017/10/22/heres-how-much-the-average-50-something-american-h.aspx Thus, the...
by Admiral
Sun Mar 25, 2018 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: When to Take Social Security (again...)
Replies: 62
Views: 5116

Re: When to Take Social Security (again...)

Many, many threads on this. I will just add that all of Vanguard's research indicates that you're better off spending your portfolio down (even above 4% SWR) and delaying until 70 if you can. Especially if you have a spouse and have dual SS. Now, if you have so much that you will have a 2% or lower ...
by Admiral
Sun Mar 18, 2018 7:26 am
Forum: Personal Finance (Not Investing)
Topic: Does credit score matter if you never plan to borrow money again?
Replies: 44
Views: 4161

Re: Does credit score matter if you never plan to borrow money again?

I have a small bill that I won’t pay because it is for a service extension I never authorized or used. The company, an internet news organization, finally told me they were reporting it to a collection agency. I thought, “Big deal.” I never expect to borrow money and I have never missed a payment i...
by Admiral
Fri Mar 16, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: At what point does it make sense to pay down your mortgage?
Replies: 76
Views: 7878

Re: At what point does it make sense to pay down your mortgage?

So, correct me if I'm wrong here. I've kept thinking something is wrong with viewing mortgage interest and investable interest as the same thing, just inverted. The reason is that investing gets compounded into infinity, where the mortgage compounds backwards for a fixed term. To put math to it, co...
by Admiral
Fri Mar 16, 2018 10:07 am
Forum: Personal Finance (Not Investing)
Topic: At what point does it make sense to pay down your mortgage?
Replies: 76
Views: 7878

Re: At what point does it make sense to pay down your mortgage?

My previous mortgage, I would occasionally make additional principal payments. The thing that bothered me is that the monthly payment remained the same. If I'm paying lower interest, and it's still a 30 year loan, wouldn't it be paid off earlier if I'm now paying more principal each month with just...
by Admiral
Fri Mar 16, 2018 9:28 am
Forum: Personal Finance (Not Investing)
Topic: At what point does it make sense to pay down your mortgage?
Replies: 76
Views: 7878

Re: At what point does it make sense to pay down your mortgage?

We had always taken the standard deduction in the past, but people always said, "When it get a house, it'll lower your taxes." Well, we bought a house in September of last year, just in time for the standard deduction to increase before ever getting any benefit. For every dollar you send me I will ...
by Admiral
Thu Mar 15, 2018 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: At what point does it make sense to pay down your mortgage?
Replies: 76
Views: 7878

Re: At what point does it make sense to pay down your mortgage?

I am opting for taxable investing for now (for the first time) because I want to increase my liquidity. Once I have built up sufficient taxable liquidity (maybe 30k or 40k), I think I will switch to the mortgage. People continue to speak of equity returns as if they are certain and I tend to think ...
by Admiral
Thu Mar 15, 2018 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: At what point does it make sense to pay down your mortgage?
Replies: 76
Views: 7878

Re: At what point does it make sense to pay down your mortgage?

Aside from any psychological or emotional satisfaction in prepaying a mortgage, you need to consider liquidity, and how important this is to you. Once your spare cash is in your house, it's in your house. To get it, you need to a) sell or b) get a HELOC, subject to rates at that time. If you have a ...
by Admiral
Tue Mar 13, 2018 10:56 am
Forum: Investing - Help with Personal Investments
Topic: Dave Ramsey on Bonds
Replies: 107
Views: 8786

Re: Dave Ramsey on Bonds

I would also add that as a general rule you should ignore financial advice that you read on the Internet or watch on television.

Except, you know, from here. :D
by Admiral
Tue Mar 13, 2018 10:26 am
Forum: Investing - Help with Personal Investments
Topic: Dave Ramsey on Bonds
Replies: 107
Views: 8786

Re: Dave Ramsey on Bonds

Everyone hates bonds during a 9 (or is it 10?) year bull market. Come back when stocks are falling day after day, month after month. Bonds are for safety and to counter stock volatility, not for (excessive) return. If you don't like them or want them, buy CDs or hold cash. Or hold 100% stocks and bu...
by Admiral
Fri Mar 09, 2018 11:41 am
Forum: Personal Finance (Not Investing)
Topic: BH's that are retired & mortgage free
Replies: 21
Views: 3043

Re: BH's that are retired & mortgage free

There is no way to predict medical insurance cost 20+ years in the future. So many things can change, whether for private insurance or medicare that the possibilities far outweigh the range of your capability to extrapolate. +1. You're trying to predict your income and expenses 20 years into the fu...
by Admiral
Wed Feb 28, 2018 2:17 pm
Forum: Investing - Theory, News & General
Topic: The Flexible Retirement Planner
Replies: 23
Views: 2720

Re: The Flexible Retirement Planner

I have used it for about three years and like it very much. I used extensively for modeling my plans and understanding risk. I ended up putting detailed entries to build the model. Woodspinner, Admiral....Is it worth getting the license key? Or is the freeware version with three scenarios good enou...
by Admiral
Wed Feb 28, 2018 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Home equity loan vs. retirement plan loan
Replies: 19
Views: 1064

Re: Home equity loan vs. retirement plan loan

HELOC probably better but just be aware that the rate prob floats month to month, usually at prime + some percent, so if rates continue to go up...well, you do the math.

May be possible to get a fixed rate loan? What about a personal loan from a bank?
by Admiral
Tue Feb 27, 2018 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Buy outright or create new debt
Replies: 45
Views: 2424

Re: Buy outright or create new debt

It would be interesting to hear from someone (or some people) who have experienced either or both of these two scenarios: 1) You finance a new car with some money down, make a few payments, and the car is totaled in an accident. 2) You buy a car outright, and the car is totaled in an accident two mo...
by Admiral
Tue Feb 27, 2018 1:05 pm
Forum: Investing - Theory, News & General
Topic: The Flexible Retirement Planner
Replies: 23
Views: 2720

Re: The Flexible Retirement Planner

Just tried to use it (downloaded version) on a Mac. It prompted some unusual security certificate warnings and a Java warning about the product requesting 'unrestricted access' which the warning said would also include the webcam and microphone. Not sure why that would be, but it caused me to decid...
by Admiral
Tue Feb 27, 2018 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Buy outright or create new debt
Replies: 45
Views: 2424

Re: Buy outright or create new debt

Someone pointed out above that, if you can afford to pay cash for 2 cars, the financial difference between paying cash and financing is in the noise. Maybe $1000 over the life of the loan. While I personally would pay cash, given your wife's strong opinion and the lack of real financial difference ...
by Admiral
Tue Feb 27, 2018 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Buy outright or create new debt
Replies: 45
Views: 2424

Re: Buy outright or create new debt

If the mortgage and auto loan rates are reasonable (i.e. good credit so rates are low), then many prefer to take/keep the loans and invest the money to maximize my net worth in most cases. If you just can't sleep at night if you have any debt or are too scared of risk to invest in something likely ...
by Admiral
Tue Feb 27, 2018 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Buy outright or create new debt
Replies: 45
Views: 2424

Re: Buy outright or create new debt

If the mortgage and auto loan rates are reasonable (i.e. good credit so rates are low), then many prefer to take/keep the loans and invest the money to maximize my net worth in most cases. If you just can't sleep at night if you have any debt or are too scared of risk to invest in something likely ...
by Admiral
Tue Feb 27, 2018 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Buy outright or create new debt
Replies: 45
Views: 2424

Re: Buy outright or create new debt

If the mortgage and auto loan rates are reasonable (i.e. good credit so rates are low), then many prefer to take/keep the loans and invest the money to maximize my net worth in most cases. If you just can't sleep at night if you have any debt or are too scared of risk to invest in something likely ...
by Admiral
Tue Feb 27, 2018 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Buy outright or create new debt
Replies: 45
Views: 2424

Re: Buy outright or create new debt

We have the cash to buy both of them outright which won’t affect our emergency fund. She wants to finance with car payments. I want to put those “car payments” toward the mortgage. I really don’t want to create debt payments when we don’t need to. Any ideas or opinions is greatly appreciated. You d...
by Admiral
Fri Feb 23, 2018 1:33 pm
Forum: Investing - Help with Personal Investments
Topic: retirement calculator - most that I've seen are missing some things
Replies: 18
Views: 2622

Re: retirement calculator - most that I've seen are missing some things

calqueuelater wrote:
Fri Feb 23, 2018 1:24 pm
I like The Flexible Retirement Planner. http://www.flexibleretirementplanner.com/wp/
+1. Best I have used and I have used many. I-ORP is perhaps better for things like Roth conversions but FRP is very full featured. You can also download and run locally on ?Java.
by Admiral
Fri Feb 23, 2018 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement strategy for wife
Replies: 18
Views: 2731

Re: Early retirement strategy for wife

I'm not going to comment on the finances, as others have done that. But let me offer a perspective on the stay at home thing, since my spouse went through it (left a well-paying job and was out of the workforce for 4 years). First, it's great to be able to have someone home with kids are young, if y...
by Admiral
Thu Feb 22, 2018 12:54 pm
Forum: Personal Consumer Issues
Topic: Mental Accounting -- How to solve problem
Replies: 32
Views: 3117

Re: Mental Accounting -- How to solve problem

This thread has been eye-opening! Personally, I budget annually and then break that down into monthly chunks. I (try to) keep a buffer in my checking account for 1/12th of my annual expenses, not including savings/retirement. I don't worry about expensive months since it all even out -- our biggest...
by Admiral
Wed Feb 21, 2018 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Home Refinancing Advice - First Home Buyer
Replies: 9
Views: 654

Re: Home Refinancing Advice - First Home Buyer

By my calculations you bought a 920k home and have 826k in loans which means you put down barely 10%. If the home is really worth $1m, I would sell it, pay off your loans, and buy a home you can afford. Not the answer you wanted I'm sure but there it is. You stretched too far. I don't know what your...
by Admiral
Wed Feb 21, 2018 12:00 pm
Forum: Investing - Help with Personal Investments
Topic: 403b and backdoor roth
Replies: 2
Views: 158

Re: 403b and backdoor roth

Just be aware of the tax implications of the backdoor if you also have a T-IRA account (separate from your employer's account).
by Admiral
Wed Feb 21, 2018 10:18 am
Forum: Investing - Theory, News & General
Topic: Retirees: The common sense withdrawal method
Replies: 168
Views: 17570

Re: Retirees: The common sense withdrawal method

Show me a retiree who sticks to their spreadsheet-dictated withdrawal rate when markets are plunging and I will show you a fairy riding a unicorn. Isn't the real point that you need to have enough wiggle room in both projected income AND EXPENSES such that if you need to cut back (or psychologically...
by Admiral
Tue Feb 20, 2018 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: Current Vanguard password practices?
Replies: 39
Views: 2787

Re: Current Vanguard password practices?

You should also set up your account to email you or text you when there is any money movement. This is an added layer of protection, and since most orders don't execute immediately, you'd have time to call and stop any illicit activity.

Not foolproof, but what is?
by Admiral
Tue Feb 20, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance question
Replies: 7
Views: 401

Re: Life insurance question

The general view here is to purchase term insurance to provide for your dependents in case of your demise. Over the years, in most cases your dependents become independent and your portfolio continues to grow. Once your portfolio is able to provide for all needs in retirement, you have no need of l...
by Admiral
Mon Feb 19, 2018 11:49 am
Forum: Investing - Help with Personal Investments
Topic: Tapping 401(k) Assets Prior to Age 59 1/2
Replies: 12
Views: 1070

Re: Tapping 401(k) Assets Prior to Age 59 1/2

I am considering retiring January 2019 when I turn 57. I have about 2/3s of my invested assets in brokerage accounts (after tax) and 1/3 in retirement accounts (pre tax), do not want to face large RMDs and therefore want to winnow away at my pre tax account balances before age 70 1/2. I understand ...
by Admiral
Mon Feb 19, 2018 7:31 am
Forum: Investing - Help with Personal Investments
Topic: Over 55 does contributing to a Roth 401K make sense based on new Tax Brackets
Replies: 25
Views: 1971

Re: Over 55 does contributing to a Roth 401K make sense based on new Tax Brackets

Previously our incomes prevented us from contributing to a Roth IRA so it sound like until we retire it is a good idea for us to max out our 401k and contribute to a Roth IRA. I did not think of that – Thanks! Your incomes might have prevented a direct contribution due to the phaseout, but there is...
by Admiral
Sun Feb 18, 2018 9:43 am
Forum: Investing - Help with Personal Investments
Topic: Sell me on the benefits of an emergency fund
Replies: 119
Views: 7249

Re: Sell me on the benefits of an emergency fund

Emergency funds are a great idea for people living on the edge. More than a third or a half of Americans would have to go into debt to cover a $500 or $1,000 unexpected expense, depending on which survey you look at. For people with sufficient financial assets it is just necessary to be able to acc...
by Admiral
Sun Feb 18, 2018 9:36 am
Forum: Investing - Help with Personal Investments
Topic: Sell me on the benefits of an emergency fund
Replies: 119
Views: 7249

Re: Sell me on the benefits of an emergency fund

OP, you don't need an EF. I feel an EF is good for those starting out, or when all one's investments are in tax advantaged and not easy to get at. If one has enough in taxable or enough assets in some form, I don't think they need a designated EF. It would be a comfort thing at that point to have o...
by Admiral
Fri Feb 16, 2018 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Substantially Equal Periodic Payments (Funding Early Retirement)
Replies: 17
Views: 1453

Re: Substantially Equal Periodic Payments (Funding Early Retirement)

Hey all, I'm beginning to think that early retirement within the next 10 years may actually be a very real possibility. Semi-retirement is an even more real possibility in the even nearer future. That's got me thinking that to this point I've put ALL of our investable dollars towards tax-advantaged...
by Admiral
Fri Feb 16, 2018 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 170
Views: 17657

Re: Number at which to stop worrying

I don't know, maybe I'd slow down at $20 million. Probably not though. To me financial freedom means you can do whatever you want whenever you want without worrying about money. My aspirations of retirement aren't being able to buy a used truck, stay at the Holiday Inn, and take a Royal Caribbean c...
by Admiral
Thu Feb 15, 2018 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 170
Views: 17657

Re: Number at which to stop worrying

Much of what one "needs" depends on what one wants to do at FI, once there is a basic floor/daily expenses are covered. Do you want to travel the world, and only in first class? Do you want to sit by a pool and do crosswords? Do you want to volunteer? Do you want to hike? Do you want to eat out 5 n...
by Admiral
Thu Feb 15, 2018 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 170
Views: 17657

Re: Number at which to stop worrying

Much of what one "needs" depends on what one wants to do at FI, once there is a basic floor/daily expenses are covered. Do you want to travel the world, and only in first class? Do you want to sit by a pool and do crosswords? Do you want to volunteer? Do you want to hike? Do you want to eat out 5 ni...
by Admiral
Wed Feb 14, 2018 8:47 pm
Forum: Investing - Help with Personal Investments
Topic: Gut check: is this lifestyle creep?
Replies: 37
Views: 5622

Re: Gut check: is this lifestyle creep?

Personally I think if you're saving 30% of your income and maxing retirement accounts, you should do what you want with the increase. What's money for it not to enjoy life? Anyway it sounds like your going to save it anyway (car fund). You can always decide not to buy a new car and, voila, you've sa...
by Admiral
Wed Feb 14, 2018 1:15 pm
Forum: Investing - Theory, News & General
Topic: SWR simulator supporting variations in returns?
Replies: 2
Views: 263

Re: SWR simulator supporting variations in returns?

Flexible Retirement Planner will do what you want. You can assign specific rates of return for specific periods of time.

http://www.flexibleretirementplanner.com/wp/
by Admiral
Wed Feb 14, 2018 10:50 am
Forum: Personal Consumer Issues
Topic: rule of thumb of when to sell your car
Replies: 50
Views: 3620

Re: rule of thumb of when to sell your car

I think you'll know when it's time. Multiple breakdowns or costly repairs close together. Cars are generally very reliable now. My car is 18 years old (with 90k miles; we don't drive alot) and we've averaged maybe $500/year over the last 10 years in maintenance, but much of that is preventive. It's ...
by Admiral
Tue Feb 13, 2018 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: rmd disaster
Replies: 23
Views: 2610

Re: rmd disaster

THANKS AGAIN It looks like they purchased a tsa with my 401k money following plan rules. I will ask if this is reversible the plan rules look very murky when talking about filling out vanguard forms when getting to age 70 1/2 A third party can purchase an annuity with your funds and you as the bene...
by Admiral
Tue Feb 13, 2018 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Help me NOT pay for a financial planner!
Replies: 15
Views: 1880

Re: Help me NOT pay for a financial planner!

My spouse has set up a meeting (no cost for the initial meeting) with a financial (really retirement) planner. I don’t think we need it (I have Bogleheads!) Here are the particulars of our situation that we plan to discuss: Ages Me: 47 later this year Spouse: 49 Children: Ages 14 and 11 Desired age...
by Admiral
Tue Feb 13, 2018 11:00 am
Forum: Investing - Theory, News & General
Topic: SWR — Can You Include Real Estate as Part of Your Portfolio
Replies: 24
Views: 1517

Re: SWR — Can You Include Real Estate as Part of Your Portfolio

what about refinancing and taking the equity out? I don't see why you wouldn't count that. Although you'd have a mortgage payment so your monthly income needs would go up. I never understood why people want to have a paid off house when they die, unless they plan to give it to their kids. Why not l...
by Admiral
Mon Feb 12, 2018 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: Help me NOT pay for a financial planner!
Replies: 15
Views: 1880

Re: Help me NOT pay for a financial planner!

You mentioned your desired spending is $120K after tax, but you list your income before tax. Make sure you are taking into account taxes. You probably want to do some Roth conversions between retirement and RMDs if possible, I was surprised by how much of that iORP recommended. How about health ins...
by Admiral
Mon Feb 12, 2018 11:14 am
Forum: Investing - Help with Personal Investments
Topic: Help me NOT pay for a financial planner!
Replies: 15
Views: 1880

Help me NOT pay for a financial planner!

My spouse has set up a meeting (no cost for the initial meeting) with a financial (really retirement) planner. I don’t think we need it (I have Bogleheads!) Here are the particulars of our situation that we plan to discuss: Ages Me: 47 later this year Spouse: 49 Children: Ages 14 and 11 Desired age ...
by Admiral
Sat Feb 10, 2018 8:00 am
Forum: Investing - Help with Personal Investments
Topic: What Would you do? (Inheritance)
Replies: 22
Views: 2945

Re: What Would you do? (Inheritance)

I do not agree that liquidating everything all at once is a good choice. Because: taxes. And I say this as someone who moved investments to Vanguard from another broker. Not 350k, but six figures. In many cases, Vanguard will allow you to transfer holdings in without selling them. Call them and ask....
by Admiral
Fri Feb 09, 2018 12:41 pm
Forum: Investing - Theory, News & General
Topic: Feeling good about the market's direction. Wish it would drop more...
Replies: 14
Views: 2323

Re: Feeling good about the market's direction. Wish it would drop more...

If you are hoping for a drop, then you either are a very early accumulator with little invested, or you have the wrong AA. JT I don't disagree with most of your post but I do disagree with this. I am neither a very early accumulator nor one with very little invested. However, in general terms one s...
by Admiral
Thu Feb 08, 2018 4:18 pm
Forum: Investing - Theory, News & General
Topic: Why should we care about inflation?
Replies: 58
Views: 5246

Re: Why should we care about inflation?

Yes, I am. But, again, you're using the worst case, historically speaking (and BTW bank accounts paid 15%. But I digress). I'm referring to inflation normalization , not to huge spikes. Prices and rates rise over time. That's what history shows. This last 10 year period has been abnormal. That is s...
by Admiral
Wed Feb 07, 2018 1:10 pm
Forum: Investing - Theory, News & General
Topic: Why should we care about inflation?
Replies: 58
Views: 5246

Re: Why should we care about inflation?

If you are old enough to remember around 1980 or so, then you know exactly why inflation is bad, VERY bad. While it may not affect you as much if you don't have a mortgage or don't carry any loans, the effect it will have on you will be due to general cost of living increases in many other areas. I...
by Admiral
Wed Feb 07, 2018 12:58 pm
Forum: Investing - Theory, News & General
Topic: Why should we care about inflation?
Replies: 58
Views: 5246

Re: Why should we care about inflation?

Even if everything happens as you say it does, it does not happen in sync. For instance, inflation may increase and your wages may increase but not as quickly or not as much or both. You also seem to completely discount the possibility of 1970s-style inflation but it could happen, or worse. Look at...