Search found 535 matches

by Admiral
Fri May 26, 2017 1:44 pm
Forum: Personal Consumer Issues
Topic: Sell 2015 Subaru or Keep?
Replies: 61
Views: 3935

Re: Sell 2015 Subaru or Keep?

IMO - as someone who pays attention to Boglehead philosophy, but also likes cars - there is more to this than the numbers. I don't keep my cars 10+ years and run them into the ground. Time is certainly a factor in cars, but less than mileage, and especially if it is stored indoors. If the OP puts v...
by Admiral
Fri May 26, 2017 10:43 am
Forum: Personal Consumer Issues
Topic: Sell 2015 Subaru or Keep?
Replies: 61
Views: 3935

Re: Sell 2015 Subaru or Keep?

The math above makes sense but includes some assumptions that may not. You said you don't drive much. So I took this to mean 7k miles per year. The post above estimates 10k per year. If you don't drive much, there is no good reason why you need to buy a new $15k car every 10 years. I drive under 4k ...
by Admiral
Fri May 26, 2017 10:15 am
Forum: Personal Consumer Issues
Topic: Sell 2015 Subaru or Keep?
Replies: 61
Views: 3935

Re: Sell 2015 Subaru or Keep?

Have you tried pricing it on the private market? A dealer is the last place to go in terms of maximum value. Outbacks hold their value well. Perhaps you might feel better if you could sell it privately for 30k? If it has low mileage this could be a good deal for someone. Is is 3.6 or 2.5 motor? The...
by Admiral
Fri May 26, 2017 9:59 am
Forum: Personal Consumer Issues
Topic: Sell 2015 Subaru or Keep?
Replies: 61
Views: 3935

Re: Sell 2015 Subaru or Keep?

Also the Legacy and the Outback are two totally different cars. Presumably you bought the Outback for a reason? Has that reason now changed? The Legacy and Outback are not two totally different cars. They are based on the same platform and are highly similar. They are the same size and have the sam...
by Admiral
Fri May 26, 2017 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Sanity check on home purchase numbers
Replies: 6
Views: 939

Re: Sanity check on home purchase numbers

Here's how I look at it: If one of us loses our job and is unemployed for a long while, will we need to sell or can we make the payment each month without draining all our savings? You state your combined income, but not what each person makes. If you are making 200k and your spouse makes the other ...
by Admiral
Fri May 26, 2017 9:45 am
Forum: Personal Consumer Issues
Topic: Sell 2015 Subaru or Keep?
Replies: 61
Views: 3935

Re: Sell 2015 Subaru or Keep?

This post it the exact reason we see so many "should I buy this car?" posts on the forum. Nobody wants to be in this position, so I feel for you. Here's a slightly different take, perhaps. You're talking about spending 15k on a car with 40-50k miles for which you don't know the history an...
by Admiral
Fri May 26, 2017 9:35 am
Forum: Personal Consumer Issues
Topic: Sell 2015 Subaru or Keep?
Replies: 61
Views: 3935

Re: Sell 2015 Subaru or Keep?

This post it the exact reason we see so many "should I buy this car?" posts on the forum. Nobody wants to be in this position, so I feel for you. Here's a slightly different take, perhaps. You're talking about spending 15k on a car with 40-50k miles for which you don't know the history and...
by Admiral
Wed May 24, 2017 11:04 am
Forum: Investing - Help with Personal Investments
Topic: A gem Livesoft uncovered
Replies: 60
Views: 9615

Re: A Gem from Livesoft

Same site has chart with final value =initial value. It is probably the best discussion of withdrawal rates I have seen yet. https://earlyretirementnowdotcom.files.wordpress.com/2016/12/swr-part2-table1.png?w=809 Ahh! Good post. Interesting. If we compare a 4% SWR for a 50% stock allocation over 30...
by Admiral
Wed May 24, 2017 10:02 am
Forum: Investing - Help with Personal Investments
Topic: A gem Livesoft uncovered
Replies: 60
Views: 9615

Re: A Gem from Livesoft

One issue with this chart (and I have not had time to read the entire article) is this "final asset value target" of $0. I assume this means you spend down the portfolio to zero after the specified period. That's fine for a chart but seems hardly relevant to real life. If you have heirs (...
by Admiral
Wed May 24, 2017 8:44 am
Forum: Investing - Help with Personal Investments
Topic: A gem Livesoft uncovered
Replies: 60
Views: 9615

Re: A Gem from Livesoft

One issue with this chart (and I have not had time to read the entire article) is this "final asset value target" of $0. I assume this means you spend down the portfolio to zero after the specified period. That's fine for a chart but seems hardly relevant to real life. If you have heirs (a...
by Admiral
Tue May 23, 2017 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: % Roth vs. % traditional
Replies: 91
Views: 3238

Re: % Roth vs. % traditional

More detail: http://www.schwab.com/public/schwab/investing/retirement_and_planning/understanding_iras/roth_ira/withdrawal_rules Age 59 and under. You can withdraw contributions you made to your Roth IRA anytime, tax- and penalty-free. However, you may have to pay taxes and penalties on earnings in y...
by Admiral
Tue May 23, 2017 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: % Roth vs. % traditional
Replies: 91
Views: 3238

Re: % Roth vs. % traditional

5 years after account establishment is the only rule that governs penalty-free withdrawal of principal (NOT gains). It would seem that statement is not correct, as http://www.rothira.com/roth-ira-withdrawal-rules describes in some detail. It is correct. Tax free in /tax free out – An investor can t...
by Admiral
Tue May 23, 2017 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: % Roth vs. % traditional
Replies: 91
Views: 3238

Re: % Roth vs. % traditional

How about withdrawals? I've read conflicting things about penalty-free withdrawals from Roth IRA's and 401k's Some say none until 59.5/55 others say you can take out principle any time (5 year rule on 401k) one said that there was a formula for whatever you took out as to what portion is principle ...
by Admiral
Tue May 23, 2017 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: % Roth vs. % traditional
Replies: 91
Views: 3238

Re: % Roth vs. % traditional

Since I want to retire 10 years earlier than the minimum withdrawal age for a traditional 401k/IRA (50 instead of 59.5), wouldn't it make the most sense to prioritize my Roth over the non-match portion of my traditional 401k until I reach enough money to live off of for 10 years? For example, if I ...
by Admiral
Tue May 23, 2017 2:48 pm
Forum: Investing - Help with Personal Investments
Topic: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)
Replies: 108
Views: 12725

Re: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)

Not to hijack but... What about taking SS early, even if you don't need it, and investing the money? For arguments sake I think we can assume that you're unlikely to get the guaranteed 8% ROI that you get by delaying. But... You do get to grow your nest egg while you are still alive (as opposed to w...
by Admiral
Tue May 23, 2017 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: % Roth vs. % traditional
Replies: 91
Views: 3238

Re: % Roth vs. % traditional

OK so we are talking about investing less in the Roth IRA, and more in the traditional 401k, waiting until I get my tax return comes, then investing my tax return into the Roth IRA? Or not waiting to adjust your W-4 (if needed to decrease your tax free loan to the IRS), but in any case contributing...
by Admiral
Tue May 23, 2017 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: % Roth vs. % traditional
Replies: 91
Views: 3238

Re: % Roth vs. % traditional

There is not an optimal proportion. The saving order should be: Step 1) put enough in your 401k to get the company match but no more. If your company doesn't match, skip this step. Step 2) invest in a Roth IRA up to your limit which is usually $5,500 per year. Step 3) invest in a taxable account. E...
by Admiral
Tue May 23, 2017 11:46 am
Forum: Personal Finance (Not Investing)
Topic: % Roth vs. % traditional
Replies: 91
Views: 3238

Re: % Roth vs. % traditional

I actually have access to most mutual funds in my 401k (via Fidelity BrokerageLink), so poor 401k choices is not an issue for me. If the choices are also low cost, then your Traditional vs Roth decision is mainly based on what your tax rate is for contributions vs what if will be in retirement, inc...
by Admiral
Tue May 23, 2017 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Net worth is overrated
Replies: 76
Views: 8791

Re: Net worth is overrated

How this thread has not been locked by now is beyond me... If you don't think an asset that you never plan to sell (i.e. a "non-usable asset") should be part of your net worth calculation, your heirs are going to have a big surprise when the IRS comes knocking... An asset is an asset. What...
by Admiral
Tue May 23, 2017 10:20 am
Forum: Personal Finance (Not Investing)
Topic: % Roth vs. % traditional
Replies: 91
Views: 3238

Re: % Roth vs. % traditional

What is the optimal proportion of Roth and Traditional contributions to your retirement? I have a traditional 401k and a roth IRA. Optimally, max out both. Contribute the max to your 401K which is $18,000. Contribute the max to a Roth which is $5,500. (If you're over 50 contribution limits are high...
by Admiral
Mon May 22, 2017 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice about mortgage for first time buyer
Replies: 9
Views: 882

Re: Need advice about mortgage for first time buyer

Your post(s) are a little confusing as you first say: We are looking to buy a $450K home and have $300K in savings. Then later say: We have about $450K in 401K with about $50K in Roth accounts. We have about $75K in taxable accounts and stock on the side through employee stock purchase plan that my ...
by Admiral
Mon May 22, 2017 10:46 am
Forum: Personal Consumer Issues
Topic: Need advice from FF miles experts
Replies: 25
Views: 1862

Re: Need advice from FF miles experts

You want to be sure that you can actually book reasonable flights. Doing this for a family can become near impossible at times. We did a lot of trips to Aruba from Boston and Bradley and found that the best use of miles for us was to pay for the initial coach tickets and then immediately upgrade wi...
by Admiral
Mon May 22, 2017 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Net worth is overrated
Replies: 76
Views: 8791

Re: Net worth is overrated

One needs a method and a scorecard to plan for one's financial future: Will I have enough accumulated (will I have a high enough "net worth"... since that's shorthand for monies accumulated minus debt) so that I can live without having a paycheck. And in what MANNER will I live: in the lif...
by Admiral
Mon May 22, 2017 9:36 am
Forum: Personal Consumer Issues
Topic: Need advice from FF miles experts
Replies: 25
Views: 1862

Need advice from FF miles experts

Is there a general ticket price (say, a floor price) where paying for a ticket with miles makes sense? Put another way, does it make sense to use miles for a relatively cheap ticket? I know much depends on the ticket cost versus the number of miles required, and that is a straightforward penny-per-m...
by Admiral
Fri May 19, 2017 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: How long do I really need to keep tax returns?
Replies: 18
Views: 1428

Re: How long do I really need to keep tax returns?

I keep tax returns forever, in a file cabinet off the floor in my basement) and brokerage statements as well. Each year I shred all supporting return documents that have become 8 years old. Now that they are PDFs and not paper I keep them on a thumb drive in a fireproof box (though the paper ones wo...
by Admiral
Fri May 19, 2017 1:02 pm
Forum: Investing - Theory, News & General
Topic: mortgage down payment levels
Replies: 7
Views: 809

Re: mortgage down payment levels

The no income check mortgages are already back. This has not been my experience, at least with a refi in August 2016. Documentations requirements appeared to be much more strict versus my last refi, which was in 2011. We have 800+ credit ratings and STILL needed to provide pay stubs, two years of t...
by Admiral
Fri May 19, 2017 11:16 am
Forum: Investing - Help with Personal Investments
Topic: Taxable account - Monthly vs Annual Contribution
Replies: 5
Views: 338

Re: Taxable account - Monthly vs Annual Contribution

Relatively new read of the forum. Asked a few questions earlier. Set up a brokerage account at vanguard using a modified strategy bogleheads recommend. Now I was wondering if I should make monthly contributions to the account or one large lump sum at the end of the year. I am not sure which would b...
by Admiral
Fri May 19, 2017 9:20 am
Forum: Investing - Theory, News & General
Topic: For those with $500k-$1m in investments...
Replies: 138
Views: 12305

Re: For those with $500k-$1m in investments...

In a bull market all the taxes you haven't paid are compounding in your tax deferred accounts and they are going up even though you are taking RMD from them every year. I guess I don't understand this sentence. What does a bull market have to do with taxes in a tax-deferred account? Are you saying ...
by Admiral
Thu May 18, 2017 11:57 am
Forum: Investing - Theory, News & General
Topic: For those with $500k-$1m in investments...
Replies: 138
Views: 12305

Re: For those with $500k-$1m in investments...

OP here. Thanks to all who replied, I'm sure more will come in. In case you're curious why I posed this, I am 15% taxable 85% tax advantaged, with all tax-advantaged space maxed out (47k/year). As the responses came in I felt like I was the outlier (much heavier than average in taxable) but it does ...
by Admiral
Thu May 18, 2017 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Annual house maintenance costs
Replies: 25
Views: 1538

Re: Annual house maintenance costs

I just have the maintenance done when needed and pay the bills. Hard to generalize about how much to allow. A lot depends on the property, not the value. +1. Putting aside money based on the market value has no correlation to repair costs. A new roof is a new roof regardless of the gyrations of the...
by Admiral
Thu May 18, 2017 10:49 am
Forum: Investing - Theory, News & General
Topic: For those with $500k-$1m in investments...
Replies: 138
Views: 12305

For those with $500k-$1m in investments...

I'm curious to know what percentage of your invest-able assets (that is, liquid assets, so not including home equity) you have in a taxable account versus retirement accounts. I'm including Roth in retirement accounts even though in many cases these monies can be accessed penalty free. How the funds...
by Admiral
Wed May 17, 2017 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Is it legal to use a first mortgage for an investment property?
Replies: 40
Views: 2113

Re: Is it legal to use a first mortgage for an investment property?

Not to be a jerk but...what business is it of yours? The block is a small street in a very desirable neighborhood. These are large, historic homes zoned single family. They are not zoned multi-family/apartments...that requires a zoning variance. The intent of the zoning code is for single family. D...
by Admiral
Wed May 17, 2017 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Is it legal to use a first mortgage for an investment property?
Replies: 40
Views: 2113

Re: Is it legal to use a first mortgage for an investment property?

OP here. Two addendums. Let's say that, as I suspect, he has not informed his mortgage company, or likely changed his insurance to reflect that this is a rental. Let's now suppose there is a fire due to actions by a renter. How would a) his insurer react and b) his mortgage holder react when they fo...
by Admiral
Wed May 17, 2017 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Is it legal to use a first mortgage for an investment property?
Replies: 40
Views: 2113

Re: Is it legal to use a first mortgage for an investment property?

Not to be a jerk but...what business is it of yours? The block is a small street in a very desirable neighborhood. These are large, historic homes zoned single family. They are not zoned multi-family/apartments...that requires a zoning variance. The intent of the zoning code is for single family. D...
by Admiral
Wed May 17, 2017 6:32 am
Forum: Personal Finance (Not Investing)
Topic: Was there a $$$ number after which things got easier?
Replies: 72
Views: 9249

Re: Was there a $$$ number after which things got easier?

Fair enough. And does your calculation include future social security benefits? In my case, those (expected) benefits plus a pension will cover (projected) annual expenses from FRA of spouse onward. If not, then the withdrawal rate need be less than 2%. $2m is, in fact, my number, but with the abov...
by Admiral
Tue May 16, 2017 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Was there a $$$ number after which things got easier?
Replies: 72
Views: 9249

Re: Was there a $$$ number after which things got easier?

Uh... because stocks may go down tomorrow.. uh... won't they come back up? shouldn't you have some fixed income sources to ride out a storm? I know, I know some bogleheads are very conservative and are looking to retire with 2% withdrawals. Personally I think its a little nuts, but whatever makes y...
by Admiral
Tue May 16, 2017 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Is it legal to use a first mortgage for an investment property?
Replies: 40
Views: 2113

Is it legal to use a first mortgage for an investment property?

To all the r.e. whizkids: We have a homeowner on our block who bought at the top of the market and a few years ago was entering foreclosure. What he has done is move out to a (cheaper) apartment and rent out the home to three people, thereby enabling him to make his payments. He still picks up his m...
by Admiral
Tue May 16, 2017 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Was there a $$$ number after which things got easier?
Replies: 72
Views: 9249

Re: Was there a $$$ number after which things got easier?

For all you people that said "growth in the accounts exceeded wages from work" Why are you still working? Uh... because stocks may go down tomorrow.. uh... won't they come back up? shouldn't you have some fixed income sources to ride out a storm? I know, I know some bogleheads are very co...
by Admiral
Mon May 15, 2017 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else dial down retirement savings?
Replies: 32
Views: 5056

Re: Anyone else dial down retirement savings?

Based on my financial analysis, we are saving way too much in tax-deferred accounts and can dial that down a bit to take care of today's needs. I think this is the hole in your argument. You don't state your age or the date you hope to retire, but forecasting future market returns is very difficult...
by Admiral
Mon May 15, 2017 11:43 am
Forum: Investing - Help with Personal Investments
Topic: Safe, low volatility ETFs with monthly dividend payout
Replies: 14
Views: 698

Re: Safe, low volatility ETFs with monthly dividend payout

Can anyone recommend one or more safe, low volatility ETFs with monthly dividend payouts? Thanks. I don't know what your definition of "low volatility" covers. Short term bond funds (above) have the lowest volatility but the lowest dividends. An Intermediate bond fund will pay out more, b...
by Admiral
Fri May 12, 2017 12:13 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor Roth Questions
Replies: 7
Views: 440

Re: Backdoor Roth Questions

We move it from taxable into T-IRA all at once and then convert to Roth the next day. Fewer transactions to keep track of.
by Admiral
Fri May 12, 2017 11:10 am
Forum: Investing - Help with Personal Investments
Topic: Goldman sachs other online CD
Replies: 6
Views: 596

Re: Goldman sachs other online CD

Congrats on your tenth decade! Personally, I would not be comfortable using an online-only bank for large denomination CDs, others don't care. As you are advanced in years, one thing to consider would be your will, and your heirs. Once you move to the the great beyond, your executor and heirs will n...
by Admiral
Thu May 11, 2017 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Can you suggest a mortgage lender who does not resell
Replies: 67
Views: 4369

Re: Can you suggest a mortgage lender who does not resell

My husband and I have started the process of new construction. Of course the builder wants to steer us to their own lender. Despite excellent credit score, no financial skeletons, enough income and savings to easily pay mortgage payments, and more than 50% down, this lender isn't offering any bette...
by Admiral
Thu May 11, 2017 10:35 am
Forum: Personal Finance (Not Investing)
Topic: What home improvements are worth it
Replies: 37
Views: 5326

Re: What home improvements are worth it

I would not renovate a kitchen piecemeal. The counter sits on the cabinets. If you're doing the counter, do the cabinets. In Ikea (which has gotten better) if needed, but do it all at once. Appliances, fixtures, cabinets, light, flooring, paint. It's worth it. Get a home equity loan if needed. I've ...
by Admiral
Mon May 08, 2017 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Search function on Vanguard.com [Qualified Charitable Distributions (QCD)]
Replies: 10
Views: 465

Re: Search function on Vanguard.com

I just tried to do a search on the Vanguard site and got the message that the search function was not available. I seemed to recall that a similar thing happened a few days ago. Is anyone else having a problem with the search function? It appears that it works for finding fund information but not f...
by Admiral
Mon May 08, 2017 10:38 am
Forum: Investing - Help with Personal Investments
Topic: How to efficiently use FIRECALC?
Replies: 19
Views: 1306

Re: How to efficiently use FIRECALC?

I still say you should not be using Roth as your primary retirement savings vehicle unless you expect your tax bracket to be higher in retirement Isn't it the other way around? Shouldn't I use Roth only if my tax bracket in retirement is expected to be higher? If I expect lower tax bracket in retir...
by Admiral
Mon May 08, 2017 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Rent or Buy Considerations
Replies: 7
Views: 894

Re: Rent or Buy Considerations

It sounds like you have two competing things going on: you like to move (so maybe change jobs a lot or are self employed?) and now have school age kids. The former is not necessarily conducive to the latter. Kids need stability. Putting all the financial comparisons aside, you should carefully exami...
by Admiral
Mon May 08, 2017 10:17 am
Forum: Investing - Help with Personal Investments
Topic: How to efficiently use FIRECALC?
Replies: 19
Views: 1306

Re: How to efficiently use FIRECALC?

I still say you should not be using Roth as your primary retirement savings vehicle unless you expect your tax bracket to be higher in retirement Isn't it the other way around? Shouldn't I use Roth only if my tax bracket in retirement is expected to be higher? If I expect lower tax bracket in retir...
by Admiral
Mon May 08, 2017 9:55 am
Forum: Investing - Help with Personal Investments
Topic: How to efficiently use FIRECALC?
Replies: 19
Views: 1306

Re: How to efficiently use FIRECALC?

Ah yes, I remember that post. What jumps out at me is that with $95k or more in salary (as you posted) and no pre-tax contribs, you are not in the 15% bracket. You should be putting money away pre-tax not just Roth. This will allow you to save the same amount, pay fewer taxes, and leave you with mo...
by Admiral
Mon May 08, 2017 9:22 am
Forum: Investing - Help with Personal Investments
Topic: How to efficiently use FIRECALC?
Replies: 19
Views: 1306

Re: How to efficiently use FIRECALC?

As others are pointing out you can't plan retirement at age 38 unless the plan is to retire at 39 and even then the plan will be highly provisional. That also applies to being 68 and planning to retire at 69 though the variables will be more defined for the shorter time span. The use of FireCalc is...

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