Search found 53 matches

by Pax
Sat Aug 12, 2017 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: The Ideal Renting Situation
Replies: 6
Views: 567

The Ideal Renting Situation

Hi: Putting financials aside, I would like to tap into the collective experience of this board to define and find the ideal renting situation. As for my personal situation, the reason for considering renting, is because the house is getting a little big for me (unused rooms) and maintenance is getti...
by Pax
Fri Aug 11, 2017 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Home Ownership / Investing
Replies: 18
Views: 828

Re: Home Ownership / Investing

I bought my house in the mid 90's for 100K and was able to pay it off in about 13 years. It is has gone up in value and is now worth 250K. While that looks good on paper, I can't really do much with the equity, because if I were to sell it I would have to spend the same amount to buy a similar hous...
by Pax
Fri Aug 11, 2017 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Health Savings Account
Replies: 37
Views: 3575

Re: Health Savings Account

No question HSA is the best way to invest your money. Money goes in and comes out tax-free both way if you use it to pay medical costs. Invest in it long enough and it would become your long term care insurance. Too bad I don't have a high deductible plan at work. Also, money sitting in HSA and Rot...
by Pax
Fri Jul 28, 2017 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Amortization Schedule with Extra Payments
Replies: 33
Views: 2591

Re: Help with Amortization Schedule with Extra Payments

But the most important reason as discussed earlier is that you can withdraw your contributions from a Roth IRA at any time without tax or penalty. So it can be used as a secondary source of emergency funds -- though it should be a dire emergency. Not so with a Roth 401(k). Also, a 401(k) Roth is su...
by Pax
Fri Jul 28, 2017 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Amortization Schedule with Extra Payments
Replies: 33
Views: 2591

Re: Help with Amortization Schedule with Extra Payments

If you have money to spare, then contribute up to the max allowed to tax-deferred 401(k)s. jb This is assuming your career is not expected to change enough to give you drastically MORE money between now and retirement age; and unless you have a huge pension and unusually high social security benefi...
by Pax
Fri Jul 28, 2017 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Amortization Schedule with Extra Payments
Replies: 33
Views: 2591

Re: Help with Amortization Schedule with Extra Payments

niceguy7376 wrote:
Pax wrote:After-Tax Basic - 8% (Company matches this 8% Post-Tax (SEE MY QUESTION BELOW)


Company match is always pre tax

Correct, company match is always pre tax regardless if my eligible contribution is Pre or Post Tax. Thanks for the clarification.
by Pax
Fri Jul 28, 2017 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Help with Amortization Schedule with Extra Payments
Replies: 33
Views: 2591

Re: Help with Amortization Schedule with Extra Payments

If you have money to spare, then contribute up to the max allowed to tax-deferred 401(k)s. jb I think I discovered something that I should change. I have to admit I sometimes struggle with my company savings plan. Here's the description of the plan and contributions: Company X Savings Plan - Employ...
by Pax
Tue Jul 25, 2017 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Help with Amortization Schedule with Extra Payments
Replies: 33
Views: 2591

Re: Help with Amortization Schedule with Extra Payments

Ask your buddy why he would bother paying down a 3% mortgage. That's the relevant question. ... excerpt... So …. IMO, there are other things that should be done first: Contribute up to the max allowed to any available tax-deferred retirement plans like 401(k)s, etc; Do HSAs and 529s to the amount y...
by Pax
Mon Jul 24, 2017 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Amortization Schedule with Extra Payments
Replies: 33
Views: 2591

Re: Help with Amortization Schedule with Extra Payments

Ask your buddy why he would bother paying down a 3% mortgage. That's the relevant question. If he insists on paying it off early, he'd be better off starting tomorrow with less money per month than waiting for two years (assuming that he's not currently on payment #24). I have a 3.5% Mortgage and I...
by Pax
Fri Jun 02, 2017 9:32 am
Forum: Investing - Help with Personal Investments
Topic: IPS Guidelines for Small to Large Windfalls?
Replies: 12
Views: 991

Re: ISP Guidelines for Small to Large Windfalls?

Need more details. Setting aside the source of the money, what is your current situation and what are your goals for the money? I am 57 yrs old with longevity in the family --- so want to grow my taxable investment account and eventually, as I mentioned in another post on budgeting: https://www.bog...
by Pax
Thu Jun 01, 2017 11:47 pm
Forum: Investing - Help with Personal Investments
Topic: IPS Guidelines for Small to Large Windfalls?
Replies: 12
Views: 991

IPS Guidelines for Small to Large Windfalls?

In another thread on budgeting using sub-account buckets someone mentioned his IPS Guidelines for small to large "windfalls", i.e.: - 1/3 towards mortgage prepay - 2/3 into After Tax account (into whichever funds that are off balance Another poster mentioned anything over $5K turn in CDs, ...
by Pax
Thu Jun 01, 2017 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have a bucket to pay your mortgage or pay from core?
Replies: 36
Views: 2624

Re: Do you have a bucket to pay your mortgage or pay from core?

What do you mean by a core account? I have a checking account. When there is too much in it, I move to savings . When I get about $5k, it goes to cd. I don't think in terms of a core account. I have the same question, which I don't think the OP has answered yet. I pay my mortgage through bill-pay a...
by Pax
Thu Jun 01, 2017 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Do you have a bucket to pay your mortgage or pay from core?
Replies: 36
Views: 2624

Re: Do you have a bucket to pay your mortgage or pay from core?

I have a separate account for my mortgage, but only because my mortgage lender gave me a relationship discount if I maintained a checking account with them. It pays virtually no interest, so I funded it initially with a couple hundred bucks to give it a cushion, then set my monthly paycheck to dire...
by Pax
Thu Jun 01, 2017 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Do you have a bucket to pay your mortgage or pay from core?
Replies: 36
Views: 2624

Re: Do you have a bucket to pay your mortgage or pay from core?

What benefit do you get out of having a separate checking account just for the mortgage? Is it not easier to just allocate a single checking account to the different purposes outlined in your budget? Do you have a budget? If not, try YNAB. I am using separate accounts as the place where I am reserv...
by Pax
Wed May 31, 2017 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have a bucket to pay your mortgage or pay from core?
Replies: 36
Views: 2624

Re: Do you have a bucket to pay your mortgage or pay from core?

I'm interested, however, in how it's helped you manage your finances. Can you explain in a little more detail? I'm always looking for good tips about managing mine! I am referring budget buckets, e.g., New car, 15 year payoff mortgage, Fun Fund, House Projects Fund, etc.. Some of these are brokerag...
by Pax
Wed May 31, 2017 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have a bucket to pay your mortgage or pay from core?
Replies: 36
Views: 2624

Do you have a bucket to pay your mortgage or pay from core?

For years, I have had an account dedicated to pay the mortgage. I will fund it once or twice a months -- depending on my situation and then I will have auto-bill payments pay directly the mortgage company. I did this when I was self-employed and it helped me keep my finances in check. Today, I am em...
by Pax
Wed May 31, 2017 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Masonic Homes in Lieu of Long Term Care (LTC) Insurance
Replies: 4
Views: 1132

Re: Masonic Homes in Lieu of Long Term Care (LTC) Insurance

HAL 9000 wrote:I heard you sign over all your assets and they take care of you until the end.

I guess this is the last resort. Now to be able to sign over your assets should take some planning, in case the mental incapacity becomes an issue. They do have different levels of care.
by Pax
Tue May 30, 2017 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Masonic Homes in Lieu of Long Term Care (LTC) Insurance
Replies: 4
Views: 1132

Re: Masonic Homes in Lieu of Long Term Care (LTC) Insurance

123 wrote:How do you know they'll have enough room for you and everyone else who is eligible?


Good question. I need to get on the details. The care is not free but -- I think that it is based on the person's income. Yet the care is excellent.
by Pax
Tue May 30, 2017 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Not Another Payoff The Mortgage Thread....
Replies: 38
Views: 4329

Re: Not Another Payoff The Mortgage Thread....

Here is what I did, as at the moment I was self-employed and had my first "big mortgage". I calculated the amount needed to make payments as if my 30 year mortgage was a 15 year mortgage. I took the difference and put the money in a mutual balanced mutual fund (Janus Balance Fund). The ide...
by Pax
Tue May 30, 2017 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Masonic Homes in Lieu of Long Term Care (LTC) Insurance
Replies: 4
Views: 1132

Masonic Homes in Lieu of Long Term Care (LTC) Insurance

I still have 10-11 years to retirment, yet, as I am elegible to a Masonic Home, I wonder if I could treat it as my LTC insurance?
Any thoughts?
by Pax
Fri May 26, 2017 10:30 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Questions and Review
Replies: 25
Views: 2866

Re: Portfolio Questions and Review

Interesting and creative.

Is there a calculator the marginal tax savings? How did you come up with 29.75% ?

Thanks

Pax
by Pax
Thu May 25, 2017 3:35 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Questions and Review
Replies: 25
Views: 2866

Re: Portfolio Questions and Review

Wo, $54K a year! Yet I will need money left in my paycheck to pay the bills. I see the possibilities once I get more financial clarity. For example, I have a 30 year mortgage and I am making 15 yr payments. Maybe, instead, I should putting those paynents in the 401K... but I am jumping the gun. I wi...
by Pax
Thu May 25, 2017 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Questions and Review
Replies: 25
Views: 2866

Re: Portfolio Questions and Review

rolled from the After-tax 401k Pingo: Thanks for your feedback. And the deserved / needed lecture!! I have to admit that -- you are right -- I considered my Employer's 401K plan as one-single account, now I see that it has several parts (or accounts), i.e: - AFTER-TAX BASIC - 8% - AFTER-TAX SUPPLEM...
by Pax
Wed May 24, 2017 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Questions and Review
Replies: 25
Views: 2866

Re: Portfolio Questions and Review

In the meantime, there’s a really big chunk of money sitting in cash ($420K) . Where is this $420k? I don't see it placed anywhere in your financial summary. Is it part of the money you have already marked for parent care, new care and mortgage pay-off? Also, you list one 401k account, but doesn't ...
by Pax
Wed May 24, 2017 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: I did it! Tax Advantaged AA
Replies: 1
Views: 429

I did it! Tax Advantaged AA

I have been working on this for a while. And today, I bought the final bulk of my AA ( a la BogleHeads ). It helped to read and re-read the postings --- especially the ones about buying all at once or doing DCA. I did the lump-sump. I know that tomorrow the portfolio will go down, and then later it ...
by Pax
Tue May 23, 2017 3:11 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity and their "free advisor" service?
Replies: 34
Views: 3434

Re: Fidelity and their "free advisor" service?

I meet with my Fidelity adviser once a year. Mostly because before finding this Bogleheds Forum, I knew that my portfolio was just the remants of a strategy thought out a long time ago and I was not doing any short of rebalancing. And I thought that I needed a check up. I did yet a call from him, tw...
by Pax
Sun May 21, 2017 5:28 pm
Forum: Personal Consumer Issues
Topic: blackout curtains
Replies: 19
Views: 2763

Re: blackout curtains

I use a sleep mask. Can't stand any light and the mask works even when spouse stays up reading. Which sleep mask do you recommend? Now, I am using the black paper temporary shades but then tend to stay on the whole Summer night/day time. And this makes me miss the wonderful water-views that I have ...
by Pax
Wed May 17, 2017 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: Time to Execute: From Cash to Funding Asset Allocations
Replies: 8
Views: 890

Re: Time to Execute: From Cash to Funding Asset Allocations

Are you investing in a Total International fund as well? May help you sleep better to hold 20-30% (of equity portion) in a much better valued, and still very diverse asset class. etc.... Also I assume you have a healthy emergency-fund in a high-yield (Ally or similar) savings account? MotoTrojan: I...
by Pax
Wed May 17, 2017 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: Article: "Our emergency fund is exactly $0.00"
Replies: 73
Views: 8193

Re: Article: "Our emergency fund is exactly $0.00"

Pax, You slice and dice your "cash" funds . Then, you think that you save too much cash. But, you may or may not be correct. That is your problem. I don't have this problem. I keep 1 year worth of emergency fund. Then, I have other flows of cash: my annual savings into the taxable account...
by Pax
Wed May 17, 2017 8:45 am
Forum: Investing - Help with Personal Investments
Topic: Article: "Our emergency fund is exactly $0.00"
Replies: 73
Views: 8193

Re: Article: "Our emergency fund is exactly $0.00"

(Please stay focused to help the OP.) See the wiki: Emergency fund pax - I notice you have 9 months of expenses saved up here: Portfolio Questions and Review Do you have any questions on what to do with the 9 months of expenses? LadyGeek: Thanks for noticing! I do have a struggle since I am re-doin...
by Pax
Tue May 16, 2017 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: Time to Execute: From Cash to Funding Asset Allocations
Replies: 8
Views: 890

Time to Execute: From Cash to Funding Asset Allocations

With the help of this board and Bogle Philosophy: - I was able to define my Asset Allocation for my retirment plan - I have an almost completed Investment Strategy Plan (ISP) - somehow I think I will keep tweaking it - I sold my individual stocks and high expense ratio mutual funds - The 401K accoun...
by Pax
Mon May 15, 2017 2:29 pm
Forum: Investing - Help with Personal Investments
Topic: how do you invest your HSA
Replies: 47
Views: 4536

Re: how do you invest your HSA

Gosh... there's so much to learn and apply. I am adding this to my Investment Strategy Policy : For HSA AA - 100% Vanguard Total Bond Market Index Fund Investor Share (VBMFX) ER=0.16% plus $72/yr or - Keep one year deductible in cash (in 2017 $3,500 total) - Balance portion to grow in 10 years, exam...
by Pax
Mon May 15, 2017 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: how do you invest your HSA
Replies: 47
Views: 4536

Withdraw Anytime in the future?

Question: I might have read this somewhere but I would like a confirmation / opinions / take. Can one actually pay medical expenses out of pocket and retain the receipt/invoice. Then anytime in the future -- even 30-40 years down the road -- withdraw an amount equal to those medical expenses? If so...
by Pax
Thu May 04, 2017 10:54 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Questions and Review
Replies: 25
Views: 2866

Re: Portfolio Questions and Review

After-tax 401k savings: $18,000 + $6000 catchup (gets rolled into Roth IRA once per year Pingo: I called Fidelity and before age 59 1\2 I am limited on the amount that I can roll over to 16%. So let's use 16k for the calculations. Now my vacation can start! Thanks again. For your generous assistance!
by Pax
Tue May 02, 2017 6:27 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Questions and Review
Replies: 25
Views: 2866

Re: Portfolio Questions and Review

Pingo: I really appreciate your assistance! Your questions have generated more questions on what I am actually doing. I believe that I didn't give you monthly contributions since I have actually making payments based on 10 months a year and not 12 months a year. My apologies. Plus I had bonuses that...
by Pax
Mon May 01, 2017 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Questions and Review
Replies: 25
Views: 2866

Re: Portfolio Questions and Review

I realize that you may need a little more orientation, which we're happy to give. In order to do so, please answer to following questions so that I can be sure I understand your earlier posts with clarity: 1. Are you contributing to a Traditional (pre-tax) or Roth 401k (post-tax)? My 401k plan has ...
by Pax
Mon May 01, 2017 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Questions and Review
Replies: 25
Views: 2866

Re: Portfolio Questions and Review

Those charts are wonderful! Thanks, so much. Regarding, the International AA sugestion, I got it from this thread by 8/6/2016 Taylor Larimore : How much international stock? A suggestion. https://www.bogleheads.org/forum/viewtopic.php?t=196956 What is your take on iShares Core S&P Total U.S. Sto...
by Pax
Mon May 01, 2017 9:44 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Questions and Review
Replies: 25
Views: 2866

My 401K Plan Offers Vanguard!! Three Fund Portfolio Approach

Either this was added to my company plan while I was reseraching or I had blinders on when I was looking at this . Now this could be my Three Fund Portfolio Approach Three Fund Portfolio Approach 401k 45% Vanguard Institutional Index Fund Institutional Plus Shares (VIIIX) (0.02%) 20% Vanguard FTSE A...
by Pax
Fri Apr 28, 2017 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: One Fund? Really?
Replies: 49
Views: 6017

Re: Investment horizon?

Your investment horizon is NOT 11 years, but rather to your life expectancy. Bogleheads: It should be longer than that for planning purposes. Half of us will live beyond the "life expectancy" tables. Best wishes. Taylor (age 93) That's outsanding. Dad was 94 when he passed and Mom is 97 a...
by Pax
Fri Apr 28, 2017 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: One Fund? Really?
Replies: 49
Views: 6017

Re: One Fund? Really?

I am 57 and since I want to retire at 68, I only have 11 years of tolerance to large market swing (i.e, probbaly only one more crash) before I need the money to live without working. You are misleading yourself in a very common way. Your investment horizon is NOT 11 years, but rather to your life e...
by Pax
Fri Apr 28, 2017 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: One Fund? Really?
Replies: 49
Views: 6017

Re: One Fund? Really?

Taylor: I am honored that you replied to my post! And Just a wonderful post on Simplicity! I am getting there, I am still between the One Fund and Three-Fund (below). I see that the 3-Fund is actually a 1-Fund plus 3-Fund. I am almost ready to flip a coin One Fund 401k - State Street Global Advisors...
by Pax
Thu Apr 27, 2017 4:46 pm
Forum: Investing - Theory, News & General
Topic: Anyone Use Alliant HSA "SaveDaily" Mutual Fund Investing Program?
Replies: 6
Views: 1268

Re: Anyone Use Alliant HSA "SaveDaily" Mutual Fund Investing Program?

I use SaveDaily. The only mail I get from them is a monthly email that the monthly fee has been deducted, plus confirmations of trades I make. The account balance is shown as a line item in the normal Alliant account and to see the detail I have to click a link that takes me to the SaveDaily site. ...
by Pax
Thu Apr 27, 2017 10:13 am
Forum: Investing - Help with Personal Investments
Topic: One Fund? Really?
Replies: 49
Views: 6017

Re: One Fund? Really?

100% TSM would be ok. Would that be too risky for 57 year old? Probably. Have you decided what your stock to bond ratio should be? If not, you need to stop and back up and take care of that first. That's the most important decision, right? I started thinking 70 stocks / 30 bonds but now I down to 6...
by Pax
Thu Apr 27, 2017 10:01 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Questions and Review
Replies: 25
Views: 2866

Re: Portfolio Questions and Review

... (excerpt) 401k SSgA Target Retirement 2025 Fund 0.15% Fidelity Traditional IRA 100% Fidelity Freedom 2025 Index Fund (FQIFX) 0.17% Fidelity Roth IRA 100% Fidelity Freedom 2025 Index Fund (FQIFX) 0.17% HSA 100% Vanguard Total Bond Fund Instl Plus (VBMPX) You can arguably use separate index funds...
by Pax
Thu Apr 27, 2017 9:40 am
Forum: Investing - Help with Personal Investments
Topic: One Fund? Really?
Replies: 49
Views: 6017

Re: One Fund? Really?

joe8d wrote:100% TSM would be ok.

Would that be too risky for 57 year old?
by Pax
Wed Apr 26, 2017 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: One Fund? Really?
Replies: 49
Views: 6017

Re: One Fund? Really?

Just want to thank all of you! I have cashed quit a bit of my positions in preparationto make this move ' a la boglehead ' and I should be ready to formulate my final portfolios options: one fund and 3-fund soon. I will, however, take several weeks more before I take action. I have a vacation next w...
by Pax
Wed Apr 26, 2017 9:37 am
Forum: Investing - Help with Personal Investments
Topic: One Fund? Really?
Replies: 49
Views: 6017

Re: One Fund? Really?

State Street Target Retirement FDs are the only available in my 401K My 401K only has State Street Target Retirement Funds. Are they any good? Also, I notice that the 2030 is a 70 stocks / 30 bonds portfolio. And from what the feedback that I have received a 60/40 or 50/50 has been recommended. I w...
by Pax
Tue Apr 25, 2017 11:22 am
Forum: Investing - Help with Personal Investments
Topic: One Fund? Really?
Replies: 49
Views: 6017

Re: One Fund? Really?

I am a happily overwhelmed and thankful for your quick replies and ideas! As I am at work, I will re-think and post tonight. In the meantime, here are answers to some of the questions posted: (1) Wow! One fund...still wrapping my head around this.. (2) Some more info (sorry for the columns misalignm...
by Pax
Tue Apr 25, 2017 9:10 am
Forum: Investing - Help with Personal Investments
Topic: One Fund? Really?
Replies: 49
Views: 6017

One Fund? Really?

One Fund? Really? Do Bogleheads have for example $1,000,000 in a single fund like the FXIFX Fidelity Freedom® Index 2030 Fund - Investor Class ER=0.15 ? I am now 57 years old. I have been selling all my high ER positions and I need to rebalance my portfolio (50-70 stocks/ 50-30 bonds -- I have not ...