Search found 1953 matches

by BolderBoy
Tue May 24, 2016 10:40 am
Forum: Investing - Help with Personal Investments
Topic: Need help with 401k AA and plan for excess cash
Replies: 2
Views: 137

Re: Need help with 401k AA and plan for excess cash

RiverJammer429 wrote:and about 100k in a 1% APY savings account...Also, I don't think keeping 100k in a 1% interest account is best.

Without knowing more about you, if it were me, I'd put that $100k into the VG Intermediate Term Tax-Exempt Fund.
by BolderBoy
Tue May 24, 2016 10:35 am
Forum: Investing - Help with Personal Investments
Topic: Quick question regarding grad gift for my niece
Replies: 6
Views: 277

Re: Quick question regarding grad gift for my niece

clydewolf wrote:Fund her IRA.

Fund her ROTH IRA!
by BolderBoy
Tue May 24, 2016 10:34 am
Forum: Investing - Help with Personal Investments
Topic: New wannabe BH looking to finalize plans
Replies: 17
Views: 1142

Re: New wannabe BH looking to finalize plans

At this point, my main concern is how much will I be leaving on the table using a three fund portfolio buy and hold strategy without TLH. Rebalancing is much more important than TLH. TLH is a choice; a strategic thing to do, but the world won't come to an end if you choose not to do it. The BIGGEST...
by BolderBoy
Fri May 20, 2016 10:06 pm
Forum: Investing - Help with Personal Investments
Topic: New wannabe BH looking to finalize plans
Replies: 17
Views: 1142

Re: New wannabe BH looking to finalize plans

Desired asset allocation: 80% stocks/20% bonds maybe 90%/10%... At the rate you are generating income and funding your retirement accounts, I probably wouldn't exceed 60/40 as an AA. Not necessary to stretch all that much in your case. 6. I’ve been reading about TLH, and I still don’t fully underst...
by BolderBoy
Thu May 19, 2016 9:44 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Engines 401k management
Replies: 24
Views: 1465

Re: Financial Engines 401k management

Probably good where you are. A 90/10 portfolio is pretty aggressive. How old are you?
by BolderBoy
Thu May 19, 2016 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: re-balancing my portfolio
Replies: 12
Views: 796

Re: re-balancing my portfolio

Tax Rate: Fed – 16.5%, State – 5.43%, Local – 3.16% (all effective rates) Can you edit this to show your actual, marginal tax bracket rates? Your effective rates are simply an average amount paid and don't tell the real story of how much is taken from your last dollar earned. Welcome to the forum.
by BolderBoy
Thu May 19, 2016 2:15 pm
Forum: Investing - Help with Personal Investments
Topic: Is my Financial Advisor worth his salt?
Replies: 56
Views: 3222

Re: Is my Financial Advisor worth his salt?

The non-deductible traditional IRA is not always a win. Have a look here: https://www.bogleheads.org/wiki/Non-deductible_traditional_IRA . It all comes down to assumptions, but from that page see this after one sample set of data with one set of assumptions: Notice that the after-tax value of the i...
by BolderBoy
Thu May 19, 2016 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Special Considerations for High Net Worth? Advisor?
Replies: 40
Views: 2374

Re: Special Considerations for High Net Worth? Advisor?

One thing my financial advisor has repeatedly said is that he understands the special considerations for high net worth individuals. That is code for: "I know it takes special skills to siphon off even more of your wealth than I can get from lesser well-off folks." These guys spend lots o...
by BolderBoy
Thu May 19, 2016 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: Is my Financial Advisor worth his salt?
Replies: 56
Views: 3222

Re: Is my Financial Advisor worth his salt?

knightrider wrote:Is he full of nonsense, or what?

He is giving you bad advice. If you can contribute to an IRA you should do so. I got similar lousy advice from the same type of salesman in 2005 and missed out on one year's IRA contribution by listening to him.
by BolderBoy
Wed May 18, 2016 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Employee Group Legal Services Plan, Rip Off or Good Deal
Replies: 7
Views: 671

Re: Employee Group Legal Services Plan, Rip Off or Good Deal

My employer offers a legal services plan for $17 a month. Is this a good deal or a waste of money? https://www.psdschools.org/webfm/10258 I had access to one of these plans 30 years ago. Utter waste of money - could never get beyond talking with a paralegal - she refused me access to any of the att...
by BolderBoy
Wed May 18, 2016 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: My dilemma ... 1099 or W2. Client assures me no difference.
Replies: 27
Views: 1535

Re: My dilemma ... 1099 or W2. Client assures me no difference.

So, bottom line is, client is telling me that whether I do W2 or 1099 with him, money wise, it won't make a difference for me because I already have a 150k W2 salary from another employer. Is this true? If I do 1099, I can also write more things off showing that I am a business, right? Thank you. I...
by BolderBoy
Wed May 18, 2016 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Reality check - how am I doing
Replies: 55
Views: 5333

Re: Reality check - how am I doing

Age - 37 both spouses Occupation - Both spouses are in worker bee (non-management, non-lawyer, non-doctor) roles at major corporations Assets Non-retirement: $525,000 Retirement: $450,000 plus accruing 2 pensions. About half of the $450,000 is Roth IRA, half is in 401k College Savings: $115,000 for...
by BolderBoy
Wed May 18, 2016 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: Early retirement: how to protect savings needed before age 59.5 against inflation?
Replies: 12
Views: 1922

Re: Early retirement: how to protect savings needed before age 59.5 against inflation?

Work 6 months longer and retire at 50 1/2. You'll earn an additional $400,000+ post tax and that's your inflation hedge with some room to spare. Agree, this is the general technique to consider (it is what I did to cover me from 61-70, RMD + SS time). Also, consider this: 10 year window to cover, s...
by BolderBoy
Wed May 18, 2016 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: Retired - late to the party.
Replies: 13
Views: 2696

Re: Retired - late to the party.

I have looked at the Three-Fund Portfolio and am leaning that direction currently, just need to work on the AA given my very low tolerance for risk and need for some growth. First Quarter 2016 statement indicates that Lincoln Stable Value earned $740 on a beginning balance of $181K. This looks like...
by BolderBoy
Wed May 18, 2016 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: A very large sum and a unique situation
Replies: 24
Views: 2456

Re: A very large sum and a unique situation

He is not crazy and should look to do exactly what he thinks looks right as described above! Since all (or mostly all) of this is going to be invested on the non-retirement side, remember to keep tax efficiency in mind (bonds should probably be tax-exempt bonds, etc). Index funds if at all possible....
by BolderBoy
Wed May 18, 2016 1:06 pm
Forum: Investing - Help with Personal Investments
Topic: Move USAA Managed Funds to Vanguard
Replies: 11
Views: 558

Re: Move USAA Managed Funds to Vanguard

Desired Asset allocation: I dont like the returns on bonds, but looking for advice. I tend to stay away. The returns on bonds are secondary to their PRIMARY purpose in a portfolio - to help lessen volatility (particularly, downside movement) caused by the stock portion of the portfolio. At your age...
by BolderBoy
Wed May 18, 2016 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: My friend wants to invest money; please review my advice for her
Replies: 44
Views: 3154

Re: My friend wants to invest money; please review my advice for her

dontrunaway wrote:Does this look like solid advice? Anything big that I'm overlooking?

#1, emergency fund: 6-12 months of expenses safely tucked away - safely!
#2, properly insured?
#3, retirement savings/investing: workplace retirement plan? Roth IRA?
by BolderBoy
Thu May 12, 2016 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Evicting a tenant-Hire lawyer?
Replies: 50
Views: 4337

Re: Evicting a tenant-Hire lawyer?

I recently leased a property to a tenant on April 23rd. The check the issued for the security deposit and prorated rent had bounced, and May rent has yet to arrive. I checked with their bank, they currently have a negative balance and no way to pay. To make matters worse, the tenant is dodging my p...
by BolderBoy
Thu May 12, 2016 6:40 pm
Forum: Investing - Help with Personal Investments
Topic: Social Security numbers right ?
Replies: 20
Views: 3168

Re: Social Security numbers right ?

I tried that estimator and get forbidden you do not have access. After 2 hours of calling 3 different numbers it's clear to me they are incompetent and I give up and admit defeat. I was getting that error while I was already logged into the SSA.gov site in another browser window. Logged out and it ...
by BolderBoy
Wed May 11, 2016 11:47 pm
Forum: Investing - Help with Personal Investments
Topic: New taxable portfolio advice
Replies: 8
Views: 1440

Re: New taxable portfolio advice

a username for Mike wrote:Emergency funds: 4 months of expenses

Personally, I'd bump this up to 12 months...
by BolderBoy
Wed May 11, 2016 11:43 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Planning
Replies: 12
Views: 2714

Re: Early Retirement Planning

avid1010 wrote:If I save $40K a year in index funds I plan to hit $1,000,000 by the time I'm 45 (avg return on my allocation is 9.2%).

Can you explain your allocation that returns 9.2%, please?
by BolderBoy
Wed May 11, 2016 11:36 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones out of the 401K business leaving us hanging...
Replies: 20
Views: 3172

Re: Edward Jones out of the 401K business leaving us hanging...

jalbert wrote:I suspect what is going on is they are getting out of the businesses for which the new fiduciary rule applies, preferring to stay in the lines of business where they won't be required to put their client's interests ahead of theirs.

+1. They couldn't have made the timing more obvious.
by BolderBoy
Wed May 11, 2016 1:01 pm
Forum: Investing - Theory, News & General
Topic: NY Times article on the "tip of the iceberg" that is Puerto Rico
Replies: 76
Views: 11138

Re: NY Times article on the "tip of the iceberg" that is Puerto Rico

Sidney wrote:I'm not a TB fan in part due to the mortgage bonds.

And yet, didn't TB weather the 2008 implosion of the mortgage market very well?
by BolderBoy
Wed May 11, 2016 12:52 pm
Forum: Investing - Theory, News & General
Topic: Batten down the hatches!
Replies: 25
Views: 4370

Re: Batten down the hatches!

I was glad to find out that the large hospital system where I work (I'm employed as part of a physician group--not by the hospital itself, so it doesn't affect me personally) puts all of its employees in Fidelity Index Target Date Funds as the default for their 401k money. Our hospital system does ...
by BolderBoy
Wed May 11, 2016 11:06 am
Forum: Investing - Help with Personal Investments
Topic: A few questions about fund options in Roth IRA
Replies: 4
Views: 924

Re: A few questions about fund options in Roth IRA

Agree with retiredjg. Leave it in SWPPX until the account is bigger.
by BolderBoy
Wed May 11, 2016 11:04 am
Forum: Investing - Help with Personal Investments
Topic: [advice needed] helping my parents buy a smaller house
Replies: 13
Views: 1163

Re: [advice needed] helping my parents buy a smaller house

Why can't they take out a bridge loan if needed? That's essentially what you are proposing to provide them anyway, but better if they deal with a bank, and maybe they won't have to get the HELOC and raid the Roth. +1. In the alternative, sell the present house now and move into temporary, short-ter...
by BolderBoy
Wed May 11, 2016 10:30 am
Forum: Investing - Theory, News & General
Topic: Taxable Bonds in Taxable Accounts
Replies: 16
Views: 2025

Re: Taxable Bonds in Taxable Accounts

Good point. I was indeed thinking past Puerto Rico and more in terms of New Jersey, Pennsylvania, Illinois, California, etc. NJ = 3.52% PA = 3.85% IL... CA = 12.12% I think that Larry S was saying the other day that he has bailed out of the 9 problem states completely. I would bet that VG is gradua...
by BolderBoy
Wed May 11, 2016 10:14 am
Forum: Investing - Theory, News & General
Topic: Taxable Bonds in Taxable Accounts
Replies: 16
Views: 2025

Re: Taxable Bonds in Taxable Accounts

I would be interested in your professional opinion and observations. I'm not a financial professional but have an observation. VG's Int Term Tax-Exempt bond fund has about 0.17% of its assets exposed to PR https://personal.vanguard.com/us/insights/article/puerto-rico-072015 . Even the Tax-Exempt Hi...
by BolderBoy
Tue May 10, 2016 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: More House or More Investing?
Replies: 25
Views: 2626

Re: More House or More Investing?

magicman wrote:Max out retirement first. You can always sell and purchase a different home later on. You cannot make up for lost tax advantage account time.

+1. This is the soundest advice if you can follow it.
by BolderBoy
Tue May 10, 2016 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance, as a couple should both person get it?
Replies: 11
Views: 734

Re: Life insurance, as a couple should both person get it?

My wife is 30 and I'm 44 with a newborn. I'd like to get coverage till our child is at least 18 and up. Is it standard to have both husband and wife get their own policy? Yes...unless you happen to know which person will die first. 20 Year Term, at least. If either one of you die, you will need the...
by BolderBoy
Tue May 10, 2016 2:35 pm
Forum: Personal Consumer Issues
Topic: Roof (potential) issues and choices (past/present)
Replies: 29
Views: 3622

Re: Roof (potential) issues and choices (past/present)

Okay, but I don't think the said or mean "absolutely no maintenance". That was just your take on it. All roofs should be maintained. But, a good standing seam metal roof will probably outlive all but the youngest of Bolgleheads. I think they meant never mess (never replace) with it again....
by BolderBoy
Tue May 10, 2016 2:18 pm
Forum: Personal Consumer Issues
Topic: House 'For Sale By Owner' - Can One Do It Alone?
Replies: 26
Views: 3564

Re: House 'For Sale By Owner' - Can One Do It Alone?

A lot depends on the market. If you're in a "hot" market and have plenty of buyers with cash or conventional loans then FSBO can be a good way to go. Agree with this. Last FSBO I did sold in about 20 minutes (probably underpriced) to a lawyer (DA). No troubles and no one else involved oth...
by BolderBoy
Tue May 10, 2016 2:05 pm
Forum: Personal Consumer Issues
Topic: Noise Reduction
Replies: 48
Views: 3494

Re: Noise Reduction

The noise keeps me up at night. You sound like me. Sadly, the only really satisfying solution is to move to a quiet place. It what I've had to do throughout my life, else I don't sleep at night. In my present house, before I made the offer-to-buy, I drove here and parked outside for a few hours lat...
by BolderBoy
Mon May 09, 2016 12:15 pm
Forum: Investing - Theory, News & General
Topic: NY Federal Reserve President Signals Higher US Interest Rates
Replies: 26
Views: 2483

Re: NY Federal Reserve President Signals Higher US Interest Rates

Meaning, in a slowly rising interest rate environment, do I increase or decrease my bond allocation? Isn't it a simpler decision than that? First, you have your target AA. Then - whatever causes the market to react (interest rates up/down, bad news, world chaos, etc) - simply watch your AA's moveme...
by BolderBoy
Sun May 08, 2016 11:14 pm
Forum: Investing - Help with Personal Investments
Topic: Plan to break up with advisor, but feeling nervous
Replies: 30
Views: 2885

Re: Plan to break up with advisor, but feeling nervous

Yikes. The only thing specific to me in my paperwork states Fee schedule, then under Equity and Cash it says standard fee for the first $500,000 is 2.75%, but my contracted fee as stated in this document right next to that is 1%, Mutual fund standard fee is 2%, but my contracted fee is 1%. There is...
by BolderBoy
Sun May 08, 2016 11:13 pm
Forum: Investing - Help with Personal Investments
Topic: Plan to break up with advisor, but feeling nervous
Replies: 30
Views: 2885

Re: Plan to break up with advisor, but feeling nervous

What I would do in your situation is this: 1) liquidate all your present IRA assets into cash. You will likely have to call your "advisor" (what a joke) to get this done. Yes, it will seem like a confrontation. Do it anyway. They may try to throw up roadblocks and obstacles to try to keep...
by BolderBoy
Sun May 08, 2016 11:00 pm
Forum: Investing - Help with Personal Investments
Topic: Moving Edward Jones to Vanguard
Replies: 40
Views: 3666

Re: Moving Edward Jones to Vanguard

The standard boglehead portfolios is the 3 fund portfolio, consisting of total stock market, total international stock market and total bond market. https://www.bogleheads.org/wiki/Three-fund_portfolio Whether you want intl is a personal decision. Bogle himself doesn't think you do, but vanguard re...
by BolderBoy
Sun May 08, 2016 10:54 pm
Forum: Investing - Help with Personal Investments
Topic: Appreciate help with personal investment
Replies: 5
Views: 501

Re: Appreciate help with personal investment

Questions 1. What would be the optimal bond allocation in the portfolio? Any opinions on international bonds? Are the Intermediate Term Tax Exempt an appropriate vehicle for high tax bracket? 2. Are there other retirement investment options? I am not eligible for a Roth and I am concerned a backdoo...
by BolderBoy
Sun May 08, 2016 10:14 am
Forum: Personal Consumer Issues
Topic: Email Hacked
Replies: 38
Views: 3524

Re: Email Hacked

killjoy2012 wrote:The bad guys may also be sending spoofed emails out under your husband's name/email address, but not actually using his Comcast account to send them.

This is how nearly 100% of spam is sent out and why it is so tough to combat.
by BolderBoy
Sun May 08, 2016 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Plan to break up with advisor, but feeling nervous
Replies: 30
Views: 2885

Re: Plan to break up with advisor, but feeling nervous

What I would do in your situation is this: 1) liquidate all your present IRA assets into cash. You will likely have to call your "advisor" (what a joke) to get this done. Yes, it will seem like a confrontation. Do it anyway. They may try to throw up roadblocks and obstacles to try to keep ...
by BolderBoy
Sat May 07, 2016 3:25 pm
Forum: Investing - Theory, News & General
Topic: Help talk me out of this...
Replies: 25
Views: 1991

Re: Help talk me out of this...

I'm re-doing my whole portfolio (401k, IRA, Savings) and am having trouble going with the low cost index funds right now. I've run some comparisons and have seen some manageed funds out produced these for 1, 3, 5, and 10 year interval. What am I missing? Even Berkshire Hathaway had a bad year in 20...
by BolderBoy
Sat May 07, 2016 3:19 pm
Forum: Personal Consumer Issues
Topic: Anybody have success reducing memory overhead on windows computers?
Replies: 22
Views: 1939

Re: Anybody have success reducing memory overhead on windows computers?

Using msconfig, how does one know what programs are unnecessarily loading with Win 7? What programs are required to be loaded? This may not be as easy to discern as it may seem. Win10's task manager is easier to work with for this purpose. For Win7 I prefer MS' techie program called "Autoruns&...
by BolderBoy
Sat May 07, 2016 3:15 pm
Forum: Personal Consumer Issues
Topic: Rebuilding a Deck
Replies: 15
Views: 1395

Re: Rebuilding a Deck

I am planning on hiring someone to rebuild a deck. This would include replacing the boards and railings. I like the idea of a composite deck but I am not sure which company's materials to use; Trex, Timbertech, Azek, etc. The deck is about 700 square feet. My contractor recommended Trex but I have ...
by BolderBoy
Sat May 07, 2016 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: Moving Edward Jones to Vanguard
Replies: 40
Views: 3666

Re: Moving Edward Jones to Vanguard

he thinks Ed jones could do me better than vanguard. "could" = "might". Whenever you see words like "may", "might", "could", remember that they include the words, "may not", "might not", "could not", etc. By guaranteein...
by BolderBoy
Sat May 07, 2016 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: New senior investor [Selecting funds for IRA]
Replies: 15
Views: 1143

Re: New senior investor [Selecting funds for IRA]

[Moved into a standalone thread from: New senior investor --admin LadyGeek] I'm a new senior investor, now in the process of selecting index funds for my IRA. Many experts advise diversification with large blend and large value (VFIAX and VVIAX), or small blend and small value (VSMAX and VSIAX), ye...
by BolderBoy
Sat May 07, 2016 2:44 pm
Forum: Investing - Help with Personal Investments
Topic: New Investor - Where to start?
Replies: 11
Views: 1236

Re: New Investor - Where to start?

Questions: 1. Where do I start? 2. Should I increase my 401K contribution to max it out at 18k? 3. Should I open a Roth IRA even though I am very close to the income limit? 4. Is investing 10% of my income in my company a good idea given the automatic 5% return? 5. What other investment types shoul...
by BolderBoy
Fri May 06, 2016 10:23 pm
Forum: Personal Consumer Issues
Topic: Anybody have success reducing memory overhead on windows computers?
Replies: 22
Views: 1939

Re: Anybody have success reducing memory overhead on windows computers?

Is this Win7x32 or x64? Home or Pro? How much memory do you have in the machine? Windows Home Premium - Service Pack 1 (there is a highlighted message below this saying "Get more features with a new edition of Windows 7" - I interpret this as more overhead. Pentium Dual Core CPU 2.70 Hz 2...
by BolderBoy
Fri May 06, 2016 9:09 pm
Forum: Investing - Theory, News & General
Topic: P/E ratio of the S&P 500
Replies: 23
Views: 2635

Re: P/E ratio of the S&P 500

Is there a certain point in which case we should consider selling some of our holdings or at least not purchasing more equities, perhaps if the PE ratio is >50? I suppose this would have prevented you from getting to the peak in 2008/2009. I'm a simple person who has been investing my $$$ in the ma...
by BolderBoy
Fri May 06, 2016 9:03 pm
Forum: Investing - Help with Personal Investments
Topic: First Time investing with Credit Union with Large amount
Replies: 16
Views: 1637

Re: First Time investing with Credit Union with Large amount

I want to see my money grow in long term. I feel I don't know enough to invest in my own... There isn't much to know. You put it into a low-cost, broadly diversified fund, such as the S&P500, and let it ride. Add to it as you can. If past market *behavior* (not performance) long term continues ...

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