Search found 88 matches

by cresive
Tue Jul 18, 2017 8:25 pm
Forum: Investing - Help with Personal Investments
Topic: Basic Question on I bonds
Replies: 11
Views: 1068

Re: Basic Question on I bonds

Hello everyone, Thank you for taking the time to read and hopefully explain the answer to my question. I have just started investing in I bonds. I have bout bonds for the last 5 months. In that time, the interest rate changed from 2.75% to 1.96%. The way I understood the rate change, ALL my bonds w...
by cresive
Mon Jul 17, 2017 10:11 am
Forum: Investing - Help with Personal Investments
Topic: Basic Question on I bonds
Replies: 11
Views: 1068

Re: Basic Question on I bonds

Chuck wrote:The rate changes every 6 months from the purchase date of the bond. So you will get 6 months at the initial rate, then it will change.



Thanks.
by cresive
Mon Jul 17, 2017 9:59 am
Forum: Investing - Help with Personal Investments
Topic: Basic Question on I bonds
Replies: 11
Views: 1068

Basic Question on I bonds

Hello everyone, Thank you for taking the time to read and hopefully explain the answer to my question. I have just started investing in I bonds. I have bout bonds for the last 5 months. In that time, the interest rate changed from 2.75% to 1.96%. The way I understood the rate change, ALL my bonds wo...
by cresive
Thu Jun 08, 2017 12:39 pm
Forum: Investing - Theory, News & General
Topic: Feasibility Question on Trad to ROTH IRA Conversion
Replies: 6
Views: 525

Re: Feasibility Question on Trad to ROTH IRA Conversion

I think I may have misread the article when it stated that when you move to a state with no income tax it wasn't worth converting to a Roth. That seems like the optimal state tax situation, avoid state taxes when contributing to Traditional and pay no state taxes on withdrawal. Are you married? It ...
by cresive
Thu Jun 08, 2017 12:34 pm
Forum: Investing - Theory, News & General
Topic: Feasibility Question on Trad to ROTH IRA Conversion
Replies: 6
Views: 525

Re: Feasibility Question on Trad to ROTH IRA Conversion

[ The marginal tax rates in play may be rather different from what you are thinking. Beyond that, don't withdraw extra just because your tax rate is low. Whenever you have the opportunity to withdraw at a lower marginal tax cost than you anticipate after RMDs have begun, use that space for Roth conv...
by cresive
Thu Jun 08, 2017 7:12 am
Forum: Personal Finance (Not Investing)
Topic: How often do you redeem your credit card cash rewards?
Replies: 54
Views: 3166

Re: How often do you redeem your credit card cash rewards?

Friends, I was wondering how often do you redeem your credit card cash rewards? Do you save them up for something to splurge on -or- do you redeem them monthly? Just curious. Thanks, Gort I have a fidelity cash reward that goes directly into my Roth account. I used to have travel card and then a bi...
by cresive
Thu Jun 08, 2017 7:02 am
Forum: Investing - Theory, News & General
Topic: Feasibility Question on Trad to ROTH IRA Conversion
Replies: 6
Views: 525

Feasibility Question on Trad to ROTH IRA Conversion

Hello all, I have one of those quirky questions again. I am trying to wrap my head around doing a Roth conversion in early retirement. I was reading an article giving the pros and cons of doing a conversion and wondered what the group thought of my game plan as it half fits and half does not fit wit...
by cresive
Wed May 31, 2017 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Academic Question on a real world situation
Replies: 34
Views: 2781

Academic Question on a real world situation

I am trying to wrap my head around a safe withdrawal rate for retirement. I am about 8 years away from retirement and trying to get an idea of my situation. I don’t want to focus on my specific situation, so I am hoping to pose an “academic” question that represents my conundrum. The reason I am ask...
by cresive
Thu May 11, 2017 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Cash Fund Advice
Replies: 12
Views: 1011

Re: Cash Fund Advice

I just got off the phone with a Fidelity rep who basically said that the only cash/mm fund they have is the Fidelity government fund. Today this fund pays 0.11% after its expenses. n How about SPRXX? 7 day yield is 0.81%. Far better than the gov't fund the rep suggested. https://fundresearch.fideli...
by cresive
Thu May 11, 2017 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Cash Fund Advice
Replies: 12
Views: 1011

Re: Cash Fund Advice

livesoft wrote:The link is one part of a multi-part series on sustained withdrawal rates. You may wish to start with Part 1 instead of with the Part 12 that I linked.



Thanks for the link. There is some great reading there. I will delve into it and see what I can learn. Good reading!! :sharebeer
by cresive
Wed May 10, 2017 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Cash Fund Advice
Replies: 12
Views: 1011

Re: Cash Fund Advice

OP, Have you considered Vanguard's money market funds? I use the Vanguard Municipal Money Market Fund (VMSXX) as my place to store cash for short-term needs. https://personal.vanguard.com/us/funds/snapshot?FundIntExt=INT&FundId=0045 The yield on the fund is 0.73%, but it's exempt from federal i...
by cresive
Wed May 10, 2017 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Cash Fund Advice
Replies: 12
Views: 1011

Re: Cash Fund Advice

Why not just increase your asset allocation to bonds instead of holding that cash? Here is a recent write-up about the "cash cushion": https://earlyretirementnow.com/2017/03/29/the-ultimate-guide-to-safe-withdrawal-rates-part-12-cash-cushion/ ' Thanks. I intend to build up a bond account,...
by cresive
Wed May 10, 2017 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Cash Fund Advice
Replies: 12
Views: 1011

Cash Fund Advice

Hello All, I am approaching the "retirement red zone" where a market crash could severely affect my ability to retire. To offset this hazard, I intend to build a cash reserve of 2-3 years expenses. I am hoping that having a cash buffer (bucket 1 if you like), will enable me to weather a ma...
by cresive
Mon May 08, 2017 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Most Common Financial Mistakes
Replies: 108
Views: 14461

Re: Most Common Financial Mistakes

1. Insufficient savings rate. 2. Overspending. 3. Market timing. 4. Paying too much for investments. 5. Letting emotions make financial decisions (big contributor to #2 and #3). I have read almost all of the responses in this thread and most are insightful. The response above was a nice, list and a...
by cresive
Thu Apr 20, 2017 7:24 am
Forum: Investing - Help with Personal Investments
Topic: Should I bother with a 401k at present?
Replies: 25
Views: 2180

Re: Should I bother with a 401k at present?

Considering my current financial situation, does it make sense to put money into a 401k now? I am a 31 year old male with a wife and 2 year old and newborn due in November this year. I currently work as a geologist in an environmental consulting company. Current salary is around 55,000. I live in F...
by cresive
Tue Apr 18, 2017 6:24 am
Forum: Personal Consumer Issues
Topic: If a doctor takes your insurance, must they accept the negotiated rate?
Replies: 62
Views: 5126

Re: If a doctor takes your insurance, must they accept the negotiated rate?

I am on a HDHP that is structured as follows: $4000 individual/family deductible $4001-$8000 is 20% coinsurance $8001+ is 100% covered My employer is nice enough to provide us $4000 in an Health Reimbursement Account (HRA) to cover our deductible. This takes the form of a Visa Debit Card. We have t...
by cresive
Sun Apr 16, 2017 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Will - what is complicated?
Replies: 72
Views: 4502

Re: Will - what is complicated?

I'm embarrassed to admit how long I have put this off, but I need to get a will or something similar together. I've read through many posts on this, and there seems to be a split of people saying to use LegalZoom, WillMaker, etc versus going to an attorney. The key phrase that comes up when differe...
by cresive
Sat Apr 15, 2017 9:13 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 1984
Views: 329497

Re: What's Your Credit Card Rewards Strategy?

There are lots of threads that talk about what the best credit card deals are, ones specific to travel rewards, best cash back cards, etc. I thought it might be helpful to have everyone post their strategy they have for earning/redeeming/maximizing credit card rewards. This would be good info, and ...
by cresive
Thu Apr 13, 2017 11:52 am
Forum: Investing - Theory, News & General
Topic: final, last dumb question: REITS vs Equity Funds
Replies: 20
Views: 1658

Re: final, last dumb question: REITS vs Equity Funds

If you are interested in gaining a wealth of knowledge regarding REITs, I highly recommend Ralph Block's "Investing in REITs". I have read the third edition years ago and just recently finished the forth edition. Mr. Block recently passed away but his knowledge and book were incredible. G...
by cresive
Wed Apr 12, 2017 8:55 pm
Forum: Investing - Theory, News & General
Topic: final, last dumb question: REITS vs Equity Funds
Replies: 20
Views: 1658

Re: final, last dumb question: REITS vs Equity Funds

Thanks everyone. I am a bit more clear about REITs now. I wasn't getting confident answers from my Fidelity representative today, so I thought I would ask the group. The early responses are definitive so I will go with them.

Thanks again,
Ben
by cresive
Wed Apr 12, 2017 8:19 pm
Forum: Investing - Theory, News & General
Topic: final, last dumb question: REITS vs Equity Funds
Replies: 20
Views: 1658

final, last dumb question: REITS vs Equity Funds

Hello, I have a question for the group. How do you consider REIT funds? Are they equities or are they a separate class that doesn't correlate with stocks or bonds? I ask because I have a REIT fund within a Roth IRA that is confusing me. I wanted an AA of 70% equities and 30 bonds. My breakdown was 5...
by cresive
Mon Apr 10, 2017 4:34 pm
Forum: Investing - Theory, News & General
Topic: one last stupid question [What are "cash equivalents"?]
Replies: 44
Views: 4437

Re: one last stupid question [What are "cash equivalents"?]

Hello, it's me again. I have one last dumb question. I have read to have a certain amount of cash + cash equivalents available at retirement. Here is another nail in the coffin of the idea of keeping cash + cash equivalents available at retirement: Six reasons to be suspicious about the “Cash Cushi...
by cresive
Fri Apr 07, 2017 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Passive income (raise my annual salary) ideas
Replies: 16
Views: 1438

Re: Passive income (raise my annual salary) ideas

Hi everyone, I am wondering what stocks, bonds, ETFs, ect should I invest into to increase my income that I can take out each year for my own spending purchases if I want to? Right now, I am not making great salary money (about 35k, but should rise to 40k soon). However, my cost of living is really...
by cresive
Fri Apr 07, 2017 10:03 am
Forum: Investing - Theory, News & General
Topic: one last stupid question [What are "cash equivalents"?]
Replies: 44
Views: 4437

Re: one last stupid question

retiredjg wrote:I'm not one who believes that having cash sitting around is necessary. But if I wanted "cash", I'd probably have CDs.


Would you prefer CDs over Ibonds?
by cresive
Fri Apr 07, 2017 10:02 am
Forum: Investing - Theory, News & General
Topic: Retirement Equity Glide path with 2-3 years of expenses in cash
Replies: 13
Views: 1427

Re: Retirement Equity Glide path with 2-3 years of expenses in cash

I agree that 30/70 is way too conservative for most, but each person needs to sleep at night. To some extent I believe in not making huge changes to your asset allocation all at once, but certainly I can see no reason to go beyond 50/50 as this is plenty conservative especially with some cash in th...
by cresive
Fri Apr 07, 2017 9:36 am
Forum: Investing - Theory, News & General
Topic: one last stupid question [What are "cash equivalents"?]
Replies: 44
Views: 4437

one last stupid question [What are "cash equivalents"?]

Hello, it's me again. I have one last dumb question. I have read to have a certain amount of cash + cash equivalents available at retirement. My question is simply what are cash equivalents. I get cash, I bonds, money market, etc. But are there potential cash equivalents that I should pursue in addi...
by cresive
Fri Apr 07, 2017 9:28 am
Forum: Investing - Theory, News & General
Topic: Retirement Equity Glide path with 2-3 years of expenses in cash
Replies: 13
Views: 1427

Re: Retirement Equity Glide path with 2-3 years of expenses in cash

I agree that 30/70 is way too conservative for most, but each person needs to sleep at night. To some extent I believe in not making huge changes to your asset allocation all at once, but certainly I can see no reason to go beyond 50/50 as this is plenty conservative especially with some cash in th...
by cresive
Fri Apr 07, 2017 9:25 am
Forum: Investing - Theory, News & General
Topic: Value of having TIPS funds?
Replies: 35
Views: 4142

Re: Value of having TIPS funds?

The Schwab TIPS ETF, which tracks the Bloomberg Barclays U.S. TIPS Index, has an expense ratio of 0.05%. https://www.schwabfunds.com/public/csim/home/products/exchange_traded_funds/summary.html?symbol=SCHP We're using this in combination with Total Bond Market (BND) with a 50/50 split. I look at ou...
by cresive
Thu Apr 06, 2017 3:35 pm
Forum: Investing - Theory, News & General
Topic: Retirement Equity Glide path with 2-3 years of expenses in cash
Replies: 13
Views: 1427

Retirement Equity Glide path with 2-3 years of expenses in cash

I have been reading up on glide paths going into and throughout retirement. The most strongly referenced and argued path was to decrease one’s equity exposure by shifting new contributions (i.e. leaving current assets alone), slowing going from 70/30 (equities/bonds) to 30/70 at retirement and slowl...
by cresive
Thu Apr 06, 2017 3:17 pm
Forum: Investing - Theory, News & General
Topic: Value of having TIPS funds?
Replies: 35
Views: 4142

Value of having TIPS funds?

Background: I have almost all of my retirement assets in 400-level accounts and a Roth IRA. I am hoping to retire in about 7 years, and am looking for ways to minimize any sequence risk to my portfolio. To help with this process, I have been researching how to build a bond ladder to rely on as balla...
by cresive
Wed Mar 29, 2017 7:31 am
Forum: Investing - Help with Personal Investments
Topic: Utilities and Preferred Stocks in Retirement???
Replies: 16
Views: 1334

Re: Utilities and Preferred Stocks in Retirement???

Thanks everyone for your replies. While a few arguments went over my head, I now realize that focusing on these investment vehicles would go counter to my overall goal of having a diversified portfolio, which I have painstakingly managed to keep. I was curious about the specific vehicles and have be...
by cresive
Tue Mar 28, 2017 9:27 am
Forum: Investing - Theory, News & General
Topic: Baby Boomer Retirement Stats
Replies: 6
Views: 1857

Re: Baby Boomer Retirement Stats

https://www.fool.com/retirement/2017/03/28/10-retirement-stats-every-baby-boomer-should-know.aspx?source=isesitlnk0000001&mrr=1.00 These articles are always interesting to read. However, there are always details omitted with such stories. For instance, on the first point: 1. The average baby bo...
by cresive
Tue Mar 28, 2017 7:25 am
Forum: Investing - Help with Personal Investments
Topic: taxable account
Replies: 8
Views: 704

Re: taxable account

Hi all. Quick question. After all IRA's and 401k's are maxed out, and it's time for me to open a taxable account to save in, what is the best mutual fund or funds, or ETF, to put in it for a set it and forget it approach? I'm a lazy investor and don't feel like re balancing every year, which is why...
by cresive
Tue Mar 28, 2017 7:14 am
Forum: Investing - Help with Personal Investments
Topic: Utilities and Preferred Stocks in Retirement???
Replies: 16
Views: 1334

Utilities and Preferred Stocks in Retirement???

I was reading some notes on different stock types and a question came to mind. Would it benefit me to increase my exposure to preferred stocks (hybrids that behave more like bonds, but usually pay competitive dividends, e.g. AT&T pays 5% historically) and Utilities (stocks stable in price, but u...
by cresive
Tue Mar 28, 2017 6:10 am
Forum: Personal Finance (Not Investing)
Topic: Expat Condo Purchase
Replies: 13
Views: 1104

Re: Expat Condo Purchase

I looked into this when I was considering a job at a Caribbean medical school. My situation may be different enough from yours that anything I say may be correct for me and not you. I already have a condo in FL, and I planned to use this as a home base. The condo would be mostly paid off from the sa...
by cresive
Sat Mar 25, 2017 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Estate Tax Liabilities
Replies: 8
Views: 888

Re: Estate Tax Liabilities

I am not a lawyer, but it doesn't sound like good advice to me. From what I understand, his IRA will go to a beneficiary outside of his estate--make sure a beneficiary is named on the account. The annuity may be inheritable, but it also may go away upon your father's demise. You will have to check t...
by cresive
Sat Mar 25, 2017 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Revokable Living Trust without telling the executor & beneficiary(s)?
Replies: 22
Views: 1636

Re: Revokable Living Trust without telling the executor & beneficiary(s)?

As for your executor being the main beneficiary, I would check with your lawyer about that. In VA, I don't' think that arrangement is legal. I am not a lawyer, so this is just one man's opinion, but I think there is some conflict of interest issue by having the main beneficiary also be executor. If...
by cresive
Sat Mar 25, 2017 6:12 am
Forum: Personal Finance (Not Investing)
Topic: Revokable Living Trust without telling the executor & beneficiary(s)?
Replies: 22
Views: 1636

Re: Revokable Living Trust without telling the executor & beneficiary(s)?

I'm currently single, never married. Mid-career. Currently mid-six figures in total assets, including my home that I own free and clear. I'm planning to set up a revocable living trust in case the unexpected happens in my near future. However I would prefer not to inform the potential beneficiaries...
by cresive
Fri Mar 24, 2017 10:19 am
Forum: Personal Finance (Not Investing)
Topic: So someone drained $13k from my checking account...
Replies: 140
Views: 19681

Re: So someone drained $13k from my checking account...

I always do pushes too, but doesn't the receiving company still have access to your bank account information? That depends on what you mean by access. Name on the account and account number? What a bill "push?" How is that different from electronic bill pay? It is a type of electronic bil...
by cresive
Fri Mar 24, 2017 10:12 am
Forum: Personal Finance (Not Investing)
Topic: So someone drained $13k from my checking account...
Replies: 140
Views: 19681

Re: So someone drained $13k from my checking account...

delamer wrote:
mptfan wrote:
delamer wrote:I always do pushes too, but doesn't the receiving company still have access to your bank account information?

That depends on what you mean by access.


Name on the account and account number?


What a bill "push?" How is that different from electronic bill pay?
by cresive
Fri Mar 24, 2017 10:08 am
Forum: Personal Finance (Not Investing)
Topic: So someone drained $13k from my checking account...
Replies: 140
Views: 19681

Re: So someone drained $13k from my checking account...

I got an alert this morning from Alliant Credit Union that my checking account was below $200 (a long time ago, I set that as my alert threshold for some reason). So I quickly looked on my phone and saw that the balance was...$0.00. I logged on and saw that two ACH transfers from usaa.com in the am...
by cresive
Wed Mar 22, 2017 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: I thought I understood AA, now I have confused myself
Replies: 10
Views: 612

Re: I thought I understood AA, now I have confused myself

From your thread, I think there are a couple definitions to clear up. Asset Allocation covers how you distribute the money you invest into your portfolio. This can range from stocks versus bonds, domestic versus international stocks/bonds, to more specific to make sure you don't have a high correlat...
by cresive
Wed Mar 22, 2017 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: How Do I Do More?
Replies: 17
Views: 1909

Re: How Do I Do More?

Trying to save for a modest home in a high tax area. Maxing out Roth 401k and Roth IRA. Single, white, female (around 30 yrs old) making approx. 75k/annually Monthly expenses = $850 Monthly income (after taxes) = $1500 Monthly cash savings = $1000 Any beginners advice on how to generate more income...
by cresive
Wed Mar 22, 2017 10:14 am
Forum: Investing - Help with Personal Investments
Topic: Horrible 401K Fund Choices--Direct transfer to IRA questions
Replies: 7
Views: 528

Re: Horrible 401K Fund Choices--Direct transfer to IRA questions

https://thefinancebuff.com/in-service-withdrawal-the-law-and-the-plan-rules.html The above link describes possible In-service withdrawals, but is only applicable if the specific 401k plan SPD (Summary Plan Description) allows it. I was able to do a partial rollover today for my wife, who has not ye...
by cresive
Wed Mar 22, 2017 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Alternative SSA Claiming Strategy--question for the group
Replies: 10
Views: 878

Re: Alternative SSA Claiming Strategy--question for the group

Another issue with your claiming SS at 62 is the penalty for earned income. Income above $16,920 is taxed 50%. As others have stated, claiming SS at age 70 is a great longevity strategy. That is a good point. The article did not include the effect of taxes on such a plan. Thanks for bringing that u...
by cresive
Wed Mar 22, 2017 6:57 am
Forum: Investing - Theory, News & General
Topic: How to intelligently choose AA - Montecarlo?
Replies: 30
Views: 2794

Re: How to intelligently choose AA - Montecarlo?

Hi All, I'm trying to intelligently choose my AA, and I've been dabbling with a self-written montecarlo simulation. Some background, I'm 28, hoping to save about 1k per month for retirement, and am shooting to have a portfolio that can withstand ~60k per year starting in late 60s until death (obvio...
by cresive
Wed Mar 22, 2017 6:36 am
Forum: Personal Finance (Not Investing)
Topic: Alternative SSA Claiming Strategy--question for the group
Replies: 10
Views: 878

Re: Alternative SSA Claiming Strategy--question for the group

Maybe I'm misreading what you wrote, but my understanding is if you claim at 62, your benefits are permanently reduced. Period. Doesn't matter if you work (though that may increase the size of later REDUCED benefits). Yes, if you work and earn over a specific limit, your SSA benefits are reduced. H...
by cresive
Wed Mar 22, 2017 6:33 am
Forum: Personal Finance (Not Investing)
Topic: Alternative SSA Claiming Strategy--question for the group
Replies: 10
Views: 878

Re: Alternative SSA Claiming Strategy--question for the group

Using today’s rules, there was no benefit to claiming SSA benefits at age 62 simply for the reason that I would be losing most of my benefit due to working an encore job and returns from some investments that are not tax-sheltered. Earnings from investments do not count in the calculation and do no...
by cresive
Wed Mar 22, 2017 4:39 am
Forum: Personal Finance (Not Investing)
Topic: Alternative SSA Claiming Strategy--question for the group
Replies: 10
Views: 878

Alternative SSA Claiming Strategy--question for the group

I want to thank the forum for allowing me the space to explore the many questions I have concerning my retirement. I was reading an article yesterday discussing alternative methods to increase your SSA benefits. Many were [foolish - moderator prudent] , but one intrigued me. This tactic would be the...
by cresive
Tue Mar 21, 2017 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: Roth 401k or Traditional 401k?
Replies: 9
Views: 701

Re: Roth 401k or Traditional 401k?

Hi there! My husband's company does have a Roth 401k option. He is currently contributing to the traditional 401k. Trying to decide if we should do the Roth 401k. He is 35 and in the 25 percent tax bracket. We already max out a Roth IRA. Thanks for the advice! Unless I have missed an earlier thread...

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